Stockism: Stages and Timelines
Online Quiz
First round would be an online quiz. It will be a 15-minute quiz with 20 questions to answer. Best of Luck.
Participate in a 5-days long virtual stock trading platform. The event URL will be shared with the participants via email. The event will start at 8th March 00:01 AM and end on 12th March 5:00 PM.
Final Round
Teams will be asked to bid for stocks with virtual money provided to them in a two-stage finale with slight variations in the last stage. Top 10 teams after the first stage will qualify for the finale. Again, the goal is to make the most profitable portfolio in each stage.
All that you need to know about Stockism
I have two basic rules about winning in trading as well as in life: 1. If you don’t bet, you can’t win. 2. If you lose all your chips, you can’t bet.” - Larry Hite
Introducing you to the world of traders, Techkriti presents a live virtual stock trading competition where the smart-witted minds compete against each other to design the most marketable portfolio from the rendered stocks through excessive bidding. Let the market play its game! Show off your Finance Gyan, apply your trading and analytical skills in a restless environment to make your best bid to win!
Event Structure:
Phase I: Elimination Round
First round would be an online quiz. It will be a 15-minute quiz with 20 questions.
Note: Quiz will be held on the D2C platform. The date and time will be updated soon.
Phase II: Online Prelims (Hackathon)
- The event URL will be shared with the participants via email.
- You have to register with any of your email ids and verify through them.
- From the list of broker list, continue with Proficient (broker name)
Rules for the virtual trading hackathon are as follows:
- A user can not short sell.
- A user can't buy more than 5% in one stock.
- A user can only invest from the nifty 500 universe stocks.
- A user can keep only up to 5% in cash (he will have to invest the rest of the money in the first week itself).
- If the user violates the rule he will be penalized.
- Daily at the end of the day, you will get an email for your current profit and loss (P&L) and Demat holding.
- Your changes will be shown on the next day in the portfolio such as sold/bought Stocks. However, you can verify immediately in your transactions.
- The team with its participant having the maximum Net Worth at the end of the trading days will be qualified for the next round. If at the end of the game two people are having the same net worth, then the one with 0 or lowest penalty point will be the winner.
- Top 30 teams with the maximum Net Worth at the end of the hackathon will be selected for Final Round at IIT Kanpur.
Phase III: Final Round (Closed Room Trading)
- Teams will be asked to bid for stocks with virtual money provided to them in a two-stage finale with slight variations in the last stage. The top 10 teams after the first stage will qualify for the finale. Again, the goal is to make the most profitable portfolio in each stage.
The deadline for registration has been extended till 4th March 2021.
Eligibility
- Students (undergraduates or postgraduates) across the world are eligible to participate.
- The team consisting of 1-4 members can participate.
- Anyone interested in stocks, bonds, futures, interest rates, foreign currencies. Since it is a big platform for Economics and Business Students to test their knowledge without any financial risk.
Terms and Conditions
- It is mandatory to participate in the online hackathon.
- In case of any discrepancy, the decision of the Techkriti Team, IIT Kanpur will be final.
- In case of any kind of chaos made by a team, Techkriti, IIT Kanpur reserves the right to disqualify the team.
Contact Information:
- Sakshi Pawar: +91-8637747258
- Shrusti Janrode: +91-9198962343
Important dates & deadlines?
-
4 Mar'21, 06:00 PM IST Registration Deadline
Contact the organisers
Send queries to organizersAbout Indian Institute of Technology (IIT), Kanpur
- Established in 1959, IIT Kanpur is one of the premier institutions established by the Government of India. The Institute's aim is to provide meaningful education and leadership in technological innovation and to conduct original research of the highest standard.
- The Institute began functioning in the borrowed building of Harcourt Butler Technological Institute in 1959 with 100 students and a small faculty.
- IIT Kanpur is now located on the Grand Trunk Road, 15 km west of Kanpur City and measures close to 1055 Acres. It has 108 buildings and nearly all IITK students live on campus. This land was gifted by the Government of Uttar Pradesh in 1960 and by March 1963 the Institute had moved to its current location.
- IITK Motto:
तमसो मा ज्योतिर्गमय (Translation: Lead me from darkness to light)