A competitive scorekeeping ecosystem based on investor stock trade history and index analytics
Monday, November 25, 2024
Platform1 released Anonymous On Wall Street which provides PIX Challenge II and the new Market Race 1 on Android. Investors are using it now to experiment with stock portfolios and communicate freely.
Sponsored Challenge
Journalists specializing in Wall Street coverage are invited to sponsor a challenge and publish results. The process is straightforward: participate in a challenge, create a stock portfolio, and anonymously consult with any participant to gather insights and ask questions.
(Click the Platform1 Flag to hear the Deep Dive Podcast)
History Does Repeat
Platform1 was inspired by the staff of a city newspaper who three decades earlier published their own stock contest. At one point, 498 portfolios from the newspaper’s readership were appraised often by a broker, and the final winner announced at the start of the new year. The contests began in ’88 right after the Crash of ’87 and lasted eight years – an astonishing success, and despite messy corrections of portfolios. Their readership simply found the experience fun and especially when their stocks beat the S&P 500.
Platform1 and the PIX Challenge Series gives it back to the investor, plus enough confidence and QC that makes stock performance enjoyable. The first PIX Challenge was closely contested for eleven months, when finally, in late March, Penny Saver kept the lead and finished with the outstanding score of 7355. Always at the apex was runner-up at 6680 (more information on our social media, below). Stock investors had managed their experimental or real portfolios for 52 weeks. They joined the challenge at any time, and updated trade history whenever personally convenient. Platform1 began delivering comparative results after the market closed on Friday, March 24, 2023. It’s currently up and running.
The PIX Challenge Series encourages plenty of time to relax and contact participants – anonymously. It is free to use, although some may subscribe to publish the data. Subscribers have the additional option to sponsor and create their own challenge. In any case, the platform ecosystem is advantageous, producing analytics that notably exclude the investor’s identity and portfolio value. It’s crucial to incorporate Platform1 software into a comprehensive investment approach, where the equity investor also consults with financial experts.