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Andrew Anger, a junior at Saint Mary's University of Minnesota, was the February winner in Stockpickr's Wall Street Pros vs. Main Street Joes stock game. A $1,000 prize is awarded to the game's top percentage winner every month, in addition to weekly prizes.
Trading in stock contests online is very different then trading in real life. Factors such as slippage in getting your shares filled at the right prices and affecting the price of a stock when buying large amounts of a low-float stock do not exist in stock contests. These two factors would have had a significant impact had my Stockpickr portfolio been real money. Nevertheless, while trading the way I did in the contest may not have realistically made me 150% in a month, it dang well would have made me some hefty gains.
When trading in stocks contests, you have to take big risks. Otherwise, you will stand no chance at making it in the top 10. And that is just what I did, on two separate occasions in February -- and both of those huge risks paid off handsomely.
Toward the beginning of the month, I bought shares in A and B shares of
KV Pharmaceutical (KV.A),
(KV.B) after the FDA's approval of its drug, and I held them for not even two weeks before I cashed out for 100% gains in both.
These two stocks are what kept me neck and neck with several other contestants going into the last week of the contest, when I pulled ahead. It was in the last week of February, if you recall, that the price of oil start surging over concerns in the Middle East. As I've stated before, a
rise in oil prices will begin attracting investors and traders to low-float oil stocks.
As soon as I saw the price of oil skyrocket, I already knew what to buy: the low-float and popular oil stocks that ran up 100% to 400% during the oil crisis in 2008. I bought
Mexco Energy(MXC - Get Report) and
Fieldpoint Petroleum(FPP - Get Report), just to name a few. These stocks have been dormant for the past two years with little to no volume. They ran up big during the 2008 oil crisis, only to come crashing back down, almost to where they started. But when things in the Middle East got bad, volume unseen since 2008 began pouring into these stocks, and I knew it was time to buy. Heck, when I bought them, they were already up big the previous day! The reason I bought them is because I like to psychologically trade the market.