Win Prizes by Succeeding in TD Ameritrade’s ThinkOrSwim Challenge

By Lorena Roberts on September 28, 2018

If you’ve ever been intimidating by managing money in the stock market – you aren’t alone. Many people run from the thought of risky investments, while others take advantage of the opportunity to grow their investments. According to a recent press release, TD Ameritrade is hosting a virtual trading challenge for undergraduate students across the nation.

If you’ve ever thought about trying to manage your money in the stock market, here’s a good opportunity to grow your skills. Enter as either a two or four person team before October 1st at midnight and you’ll be entered into the competition.

via Pixabay

The four-week competition kicks off on Monday, October 8, 2018, and runs through Saturday, November 3, 2018.

Over the course of these four weeks, you and your team will manage one virtual portfolio and will do so by placing qualifying paper trades during each trading week.

“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.”

Prizes will be awarded weekly to the team with the highest percentage gain in the aggregate value of their portfolio. 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 school or university that team is associated with.

“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.”

If you’re wondering who Ameritrade is…

TD Ameritrade provides investing services and education to more than 11 million client accounts totaling more than $1.2 trillion in assets, and custodial services to more than 6,000 registered investment advisors. They are a leader in U.S. retail trading, executing an average of more than 780,000 trades per day for their clients, more than a quarter of which come from mobile devices. TD Ameritrade has a history of innovation, dating back as far as 1975.  Today, their team of almost 10,000 employees is “committed to carrying it forward.”

Lorena graduated from The University of Tennessee in Knoxville last December with a BA in Honors Psychology. After some serious soul-searching, she's decided to pursue a Master's in teaching in order to teach middle school math! In her spare time, she enjoys spending time with her Whippet mix, Gio, at the dog park and binge watching Netflix with endless cups of Hot Cocoa.

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