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AthleteXchange
 
Frequently Asked Questions
Cash Balance: $0.00Joined: 12/31/1969
Stock Value: $0.00Last Trade: 12/31/1969
Unrealized Gain: $0.00Other Gains: $0.00
Portfolio Value: $0.00Lifetime Value: $0.00
Lifetime/Current Rank: /Redeemed: --

Stock Search Trader Search
    Arkansas 10@ $141.83    South Fla. 10@ $192.02   
    Michael Conforto 87@ $114.86    Bryce Harper 41@ $243.93   
    Billy Hamilton 25@ $121.67    Michigan 5@ $283.25   
    Michigan 30@ $283.39    0@ $0.00   
    Jordy Nelson 45@ $222.38    Mookie Betts 41@ $240.43   
    J.A. Happ 53@ $188.04    Ryan Zimmerman 87@ $113.81   
    Alabama 1@ $261.37    Alex Rodriguez 109@ $90.91   
    C.J. Prosise 40@ $113.76    Alabama 25@ $261.48   
    Nick Markakis 87@ $114.38    Antonio Brown 10@ $322.29   
    Jose Ramirez 70@ $142.25    Jeremy Hellickson 40@ $139.99   
    Oregon 10@ $187.51    Utah 10@ $155.13   
    Clemson 10@ $297.17    Javier Baez 97@ $102.38   
    Marshall 46@ $213.88    C.J. Spiller 88@ $112.27   
    Matt Kemp 62@ $159.80    Kris Bryant 31@ $213.64   
    Delino DeShields Jr. 79@ $125.33    Anthony Rizzo 15@ $225.61   
    Northern Ill. 48@ $205.57    Jason Grilli 116@ $85.75   
    Joey Votto 50@ $196.89    Mookie Betts 41@ $240.63   
    Rick Porcello 48@ $205.49    Matt Moore 80@ $124.56   
    Michael Conforto 50@ $114.94    Jean Segura 66@ $151.72   
    Jean Segura 65@ $151.98    Lucas Duda 86@ $115.65   
    J.A. Happ 53@ $188.24    Antonio Brown 10@ $322.24   
    Marcus Mariota 10@ $353.93    Jose Ramirez 70@ $142.49   
    Alex Rodriguez 109@ $90.82    Kenny Bell 94@ $106.11   
    Charlie Blackmon 51@ $193.45    Aaron Rodgers 10@ $418.81   
    Ben Roethlisberger 10@ $362.04    Anthony Rizzo 10@ $225.54   
     

    How to Play the Game

    The first step to understanding how to play the game is to learn how the market works.  The life cycle of a stock on the market has three steps: IPO, trading, and delisting.  All stocks follow this cycle and each step is defined below:

    IPO

    Just like in the real market trading, this stands for initial public offering – the first time a stock is offered on the market.  Before each sport’s regular season commences, all players and/or teams who are expected to consistently earn (based on historical stats and/or reasonable projections) will be offered to traders at a set time for a value determined by the staff.  The initial prices will be calculated in a way that reflects expected earnings while allowing enough incentive to be traded.

    In addition to the preseason offering, other IPOs may be offered as players and/or teams not originally part of the market have their earnings and or/projections reach a consistent level.  These IPOs will be announced at least 48 hours in advance of their offering.

    Trading

    Trading is the primary step in the stock’s life cycle.  Once a stock is IPO’d, it becomes available to all traders to trade.  Each trader transaction changes the price of the stock in accordance to a complex mathematical formula, popularly know as the algorithm.  Without having a math lesson, it can be simply explained as this:  buying or covering a position causes the price to go up, selling or shorting a position causes the price to go down.  The cumulative effect of all trader activity moves the stocks’ prices towards the market’s overall opinion of each stock’s projected earnings.

    For example, if the market feels Chipper Jones will earn $250 and is currently priced at $190, it is very likely more traders will buy his stock – pushing his price closer to the $250 value.  Conversely, if Chipper was trading at $190, but was only projected to reach $150, traders would likely short his stock - pushing the price down.

    There are 4 possible trades you make on each stock:

    Buy:  Buying a stock means exactly what you think – you are purchasing a certain number of shares of the stock at the market price.

    Sell:  Selling a stock is the disposal of a ‘buy’ position you currently have in your portfolio at the current market price.

    Short:  Shorting a stock is the reverse of a buy – you are actually selling shares first at the market rate in a belief that the price will decrease over time.  You the buy them back via ‘covering’ (see below).

    Covering:  Covering a stock is “buying” the shares of a stock you previously shorted at the current market price.

    Example: You buy 50 shares of Albert Pujols at $200 per share. Other traders buy Pujols and now the price is $225. You sell your 50 shares and make $25 per share for a total of $1,250 profit. You short 75 shares of Tom Brady at $300 per share. Other traders short Brady and now the price is $275. You cover and make $25 per share for a total of $1,875 profit.

    Delisting

    The final step in the life cycle of a stock is delisting.  In general, a stock will be delisted once it can be reasonably assumed the stock will not accrue any additional earnings in that season.  For most stocks, this will occur at the end of their season.  However there are other situations where this may occur.  All of these are explained below:

    End of season – This will be either after the final regular season game of the sport's season (for non-playoff teams) or after the completion of the sport's postseason for players or teams in the postseason. Dates and times will announced, but this will generally occur within 24 hours of the end of the regular season or playoffs. Most stocks will be delisted in this manner.

    Underperformace – Stocks are expected to be consistent earners on the market. If, in the delisting period listed below, a player or team stock's price trades below $50 for two consecutive days (indicating the market does nor project the stock to have significant season earnings) OR in the opinion of the site manager the stock will likely not reach $50 in total season earnings, the stock will be delisted from the market after 48 hours notice.

    Sport
    Delisting Period Begins
    Delisting Period Ends
    CBB
    After team's 21st game
    At Start of Conference Tourney
    NBA
    After team's 61st Game
    End of Regular Season
    NHL
    After team's 61st Game (36 in 2013)
    End of Regular Season
    MLB
    After team's 121st Game
    End of Regular Season
    NFL
    After team's 12th Game
    End of Regular Season
    CFB
    After team's 9th Game
    End of Conference Championships

    Season-Ending Injury – If a player becomes injured during the season in a manner in which it is expected that the player will not return, this stock will be delisted from the market. For players injured for significant periods of time but not officially out for the season, the underperformance rules above will apply. This will be announced at least 24 hours in advance.

    When a stock is delisted for injury, the final price will be set as follows:

    • For stocks priced higher than actual earnings at the time of the delisting announcement, the price will be set to the lowest price recorded during the delisting period.
    • For stocks priced lower than actual earnings at the time of the delisting announcement, the price will be set to the highest price recorded during the delisting period. 

    When a stock is delisted for underperformance, the price will be set to the lowest historical price recorded.

    For delistings that occur at the end of the regular season or playoffs, the price will be set to the final earnings of the stock.

    Now that you understand the nuts and bolts of how the game functions, check out the scoring page for details on how players and teams accrue earnings.

    Your Portfolio

    Your portfolio page is the hub for all of your trading activity.  In the first box you will find the following data:

    1. Current Cash Balance:  This is the amount of uninvested cash you currently have available for trading.
    2. Total Stock Value:  This is the total value of all of the positions you hold in your portfolio.
    3. Total Unrealized Gain/Loss:  This is the gain or loss you have in the stocks you hold in your portfolio.
    4. Total Portfolio Value:  This is your total $ amount, which is cash balance + stock value
    5. Trader Rank: This is your overall lifetime rank in the AthleteXchange market, based on portfolio value.

    Down the left hand side you find a list of stocks you are currently tracking. To track a stock, visit its page and click the link.

    Next you find the list of stocks you currently hold in your portfolio, and relevant data including # of shares, acquisition price, current price, current earnings, gain/loss, value, and 24-hour movement.  You will also find links to trade each stock.  You can sort any of the columns by clicking on its header.

    Below the stock list you will find information related tot he contests you are currently participating in.

    Finally, you see graphs tracking your portfolio balance of various amounts of time.

    Your portfolio has a few rules you should know:

    1. You can own up to 50 different stocks at any one time.
    2. At the time of acquisition, no more than $10,000 can be invested in a particular stock.
    3. There is no limit to the number of buys or shorts you can have in relation to the 50 stock limit (you can have 50 shorts, 50 buys, or some mix of the two).
    4. If you have a stock shorted, you may lose more than your initial investment if the price more than doubles.

    Stock Lists

    The stock list pages list all stocks available in the market.  They give several sortable columns with info related to teams, current price, current earnings, E/P %, 24 hour change, and trading options.  You can filter the list by keying in all or part of any player or team name in the box.

    Forums

    Other than your portfolio page, most time will be spent reading and posting in the forums.  This is where the community gathers to discuss everything including projected stats, in-game scores, funny stories, or late-night exploits.  Each forum is designated for a particular purpose, so please familiarize yourself to that purpose before posting.  Failure to post in the correct forums may lead to a suspension of posting rights.

    You will find a lot of functionality in the forums that enable you to upload avatars, message other traders privately, etc.  More help on those features are available in the forums in the User Control Panel.

    Contests

    At various times, many short-term or long-term contests will be offered.  These are available to all traders and specific rules for each contest will be announced when the contest commences.

    Prizes

    Once you reach certain levels of success, you may redeem your portfolio $ for prizes.  The list of available prizes will be constantly changing, and availability will be based on the advertising revenue of the site.  Want better prizes?  Be more active!

    Any other questions not covered by this help section can be sent to support@athletexchange.com.

     

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