Rules of The Stock Market Game Program

1.  Each team begins the simulation with $100,000 in cash and may borrow additional funds at a charge of 7.00% a week.  If you have made money over $100,000 you will be credited 0.75% weekly.

2.  You may trade only stocks and mutual funds listed on the NASDAQ Stock Market and the New York Stock Exchange.

3.  End-of-Day Game transactions are priced at market daily closing prices. These prices can be found in the next day's newspaper or by using the price quote facilities of SMG. Real-Time Game transactions are priced at the market price at the time of entry.

4. All Stock buy orders must be a minimum of 10 shares. Sell orders for less than 10 shares are permitted.

5.  SMG does not permit buying stocks that trade below $3 per share the day before and the day of execution. Such orders will be rejected. Sell transactions for existing long positions where transactions are executed at closing or real time prices will be accepted, even if the price is less than $3.00 per share

6.  Trades can only be processed in whole and will be rejected if there isn’t enough money to buy the entire order.

7.  A 1% broker's fee is charged for all transactions. For example, if you buy 100 shares of a stock at $10 per share, you must pay the 1% of $1000 or $10. You will be charged this fee for every purchase AND sale of stock.

8.  The Game is run Monday through Friday. Teams may trade on any day the participating stock markets are open. Orders may be entered 7 days a week during hours the system is available.

9.  Stock trades entered after close of market (4:00 PM ET) will be priced at next day's closing price for the End-of-Day Game and at opening price for the Real-Time Game.

10.  Teams do not have to sell their portfolios at the end of The Game. Winners will be determined on the basis of either equity or the percent return above/below S&P 500 Growth. (Some states may use additional criteria to determine winners).

11. Portfolios must make a minimum of three trades by the end of the game session in order to qualify for the portfolio competition.

  1. 12.Teams may not invest more than 20% of their total buying power in any one company of fund. If a stock or fund in a team portfolio increases in value and places the investment beyond 20% of their total equity, they will be unable to purchase additional shares of that stock or fund. This rule is the Maximum Equity rule. The Stock Market Game system will automatically enforce this rule to encourage diversity in a team portfolio.

  1. 13.The last day for making team transactions is the day before the end of the game session. For example, if the session ends November 25th, the last day to enter trades in November 24th.

  1. 14.Portfolio transactions will receive REAL TIME pricing and rankings are updated daily.

  1. 15.Rankings are based on a team`s performance against the S&P 500.