So you think you have a good eye for buying stocks purely based on charts?
Well there has been a great game (hopefully won’t die anytime soon) called ChartGame.com to help you prove yourself worthy and to also prevent you for playing the market at this crazy time just for the heck of it.
How the game works
When playing Chartgame, the computer will present you with a random historical stock chart of an actual large cap (S&P 500) security, without telling you which company and time period the chart represents.
You are then given the opportunity to reveal the stock chart one day at a time, selecting to “buy” or “sell” the stock at various times. After a maximum of one year is played for the security, the actual name of the company, and what time period the graph was for is revealed, and you move on to another stock chart for an unknown company and time period.
You are rated on how much profit you made over the days you were invested.
The computer compares you to a strategy of “buy and hold” on the stocks played. Your goal is to beat that.
The following Screenshots serve as a preview from my few play trades today.
When you click play you are greeted with a chart like the one below and some technical indicators on the right side.
Personally I opted for Trading volume, a 50Day EMA. SInce I chose a 4 year chart this is more like a 50 week EMA.
You then click Buy, Short or Time-lapse (aka sit and watch)
When you’re satisfied with a trade you can click sell stock or exit short. Holding down on time-lapse moves things ahead.
Once the play interval is finished you are presented with the chart below revealing the Company name and Symbol, and the dates the chart came from. On the right side you can see your position and buy and hold position performance.
You can click either Next stock Chart or View Track Record (see below)