How are your stock picking skills? Do you think you can beat the S&P 500? If so, you’ll want to check out a new site I came across – UpDown. I’ve actually signed up and started making stock picks.
Now you might be wondering why someone like myself would take part in a virtual investing type of program. Well, firstly I’m interested in the basic experiment the site is founded upon. The owners are looking to use it as a way to generate a strategy to run a hedge fund. They pretty much think that if they model the trades done by site members who have proven themselves consistently able to beat the S&P 500, then the fund would do the same. Definitely an interesting experiment.
I also see UpDown as a place where I can test out different strategy ideas and interact with market participants.
Oh, and members can make money – real money, not virtual money. How? By beating the market and/or by providing quality analysis of stocks to the community.
Got your attention now? 
Thought so. Give UpDown a look. There’s no charge of any kind.
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About the Author
John Forman, author of this blog, has traded for more than 20 years, is a professional market analyst, and authored The Essentials of Trading. He is an active participant in trading forums, consults for trading related businesses, as published literally dozens of trading articles, and has been quoted in a number of books and in the media.
** See John’s full bio.
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