Hello! We’re Laurence, Lewis, Jake, and Mike, and we run Wall Street Magnate (WSM). Ask us anything!What’s WSM?Wall Street Magnate (WSM) is a real-time market trading community with data from all of the major US Stock Exchanges and now, unique to WSM, live simulated cryptocurrency trading. Starting with $100,000 in simulated cash, members trade stocks listed on the NYSE, NASDAQ and AMEX, and as of July 2020, any cryptocurrency that can be traded in US dollars on Coinbase such as Bitcoin and Ethereum.WSM is available through a web portal at https://ift.tt/LE53BJ and as an app worldwide, allowing users in countries where trading cryptocurrency isn't allowed to have a simulated experience based on real life valuations.Founded by experienced Wall Street trader Laurence Cohen and attorney Lewis Schlossberg in 2013, WSM has grown to over 145,000 members. Members can use analytics tools on the platform to track and document their complete trading history with sortable spreadsheets that can be easily exported. Members have even exported their trading history and used that performance to obtain work as real life stock traders.WSM is totally free. We don’t sell user data.What Do You Want to Talk About?We’ve seen some incredible and surprising trends in trading over the last year or so, on our platform and on the real exchanges. We’d be happy to provide our thoughts on that, what we think the future holds, the ins and outs of running a market simulator, and anything else you’d like to ask. We’re also happy to talk about our pivot to offering cryptocurrency, which is a step we took in response to overwhelming demand from our users.Why Are You Here?We launched the ability to trade cryptocurrency on the WSM platform in July, and since then, it has dominated our list of most traded securities. We realized that there wasn’t another way to test trading strategies on cryptocurrency without risking real money, so we see our platform as having a unique value. Plus, we are investment/trading nerds, so we would be lurking on the subreddit anyway.How Can I Win Cool Stuff?By winning the upcoming WSM /r/CryptoCurrency competition! We’ll post a link soon for a competition starting next week that will be open only to readers of this subreddit. For two weeks, each user will make any trades on WSM they’d like. At the end of two weeks, the top three finishers will receive physical trophies and rewards from the moderators to be announced.
Submitted November 13, 2020 at 03:07AM
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