TD Ameritrade Announces Open Registration for its 2018 Virtual Trading Challenge
September 04, 2018 — OMAHA, Neb.–(BUSINESS WIRE)–Add it to the resume under “real-world experience.” College students across the U.S. can now through October 1, 2018 register to partake in TD Ameritrade’s fifth-annual thinkorswim Challenge – no trading experience necessary. Undergraduate students interested in participating can gather in teams of two to four for a four-week competitive learning opportunity with many rewarding prizes at stake, including a $30,000 donation to their college or university.
“The thinkorswim Challenge was created to help educate and build confidence in future generations of investors,” said Lee McAdoo, managing director of investor education at TD Ameritrade. “The Challenge is unique in that it gives students a hands-on approach to managing money in the markets, with no true risk involved.”
The thinkorswim Challenge is offered through TD Ameritrade U, an award-winning educational program for professors and college-run organizations that provides free access to paperMoney, the virtual trading version of the thinkorswim desktop and mobile applications – both of which are recognized as advanced technology for sophisticated traders.
$500,000 In Virtual Dollars
Student teams are not only given $500,000 in virtual dollars to trade stocks, options and exchange-traded funds (ETFs), but also unlimited access to an array of valuable educational resources. Aside from 24/7 online trading support, features built into the platform include: access to the TD Ameritrade Network for real-time market insights from industry pros; TraderTV, for streaming feeds of CNBC’s global networks; and an Education tab, which houses immersive courses and daily webcasts to help students boost their investing IQ.
“Last year, we had 327 schools in 49 states across the U.S. competing for the top prize, and the winning team ended up seeing portfolio gains of 427 percent,” said McAdoo. “It’s exciting to see more schools jumping into the competition, more students using our education, and ultimately more participants walking away with a new, meaningful understanding of the markets and money, whether or not they take the prize.”
Accepting the TD Ameritrade U thinkorswim Challenge
To participate, teams made up of two to four individuals who are students at the same postsecondary educational institution must register at www.thinkorswimchallenge.com. The competition is open to the first 2,000 teams who register. Registration is now open and closes on Monday, October 1, 2018, at 11:59 p.m. EDT. The four-week competition officially kicks off on Monday, October 8, 2018, and runs through Saturday, November 3, 2018.
The thinkorswim Challenge teams are responsible for managing one virtual portfolio during the entire competition and will do so by placing qualifying paper trades during each trading week. Prizes will be awarded weekly to the top team with the highest percentage gain in the aggregate value of their portfolio at the end of each trading week. At the conclusion of the competition, an additional prize will be awarded to the three teams with the highest percentage gains in their portfolios overall and to their respective schools. Individual prizes include iPads, Amazon gift cards, up to $3,500 deposited into a TD Ameritrade brokerage account, and up to $30,000 for the schools.
The thinkorswim Challenge is subject to full Official Rules, which are available at www.thinkorswimchallenge.com. For more information about TD Ameritrade U or the thinkorswim Challenge, visit www.tdameritradeu.com or www.thinkorswimchallenge.com. For competition updates, follow TD Ameritrade U, @TDameritradeu, and like TD Ameritrade U on Facebook. You can also join conversations about the thinkorswim Challenge using #TOSChallenge.
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The paperMoney® application is for educational purposes only. Successful virtual trading during one time period does not guarantee successful investing of actual funds during a later time period as market conditions change continuously.