Cheating Ruins CNBC’s and TheStreet.com’s Trading Contests
Last week, after seeing the news of cheating in CNBC’s Million Dollar Portfolio Challenge I was glad I didn’t waste my time with that game. Once I saw that you couldn’t short or trade ETFs and some other restrictions I just decided to not even bother. Not to mention that I didn’t have the time to compete with people like this:
At the peak, the 42-year-old was spending 12 hours a day on the contest, using three computers in his Greenwich Village apartment to trade 1,600 different portfolios, all in an effort to win the $1 million grand prize. He even dropped his studies for the chartered financial analyst (CFA) exam, given once a year, so …
tagged: CNBC, TheStreet.com-Inc.-(TSCM) and Trading-Contests
