Macquarie has just launched their 2nd Macquarie Warrant Hotshot Competition. This stimulated live warrants trading contest starts on 14th July 2008 and will run for a period of 8 weeks.
There are four categories you can sign up and compete in:
Each group of participants will compete for the weekly prize of $200 and category prize of $3000. There will also be a grand hotshot prize of $20,000 for the overall winner.
Generally speaking, trading for a competition requires a different set of strategy compared to trading your own portfolio.
In the former, the aim is to generate the highest possible percentage gains (in a short time) while taking on the corresponding downside risk.
In the latter, consistency of gains over time is much more important.