How to Start Investing
|
- Click the Prediction Markets tab.
- Search or Browse the prediction markets.
- Show your confidence (or lack thereof) in a drug's efficacy by purchasing contracts for its clinical trial prediction market.
- When the FDA makes their decision the clinical trial market is closed (no further contracts may be purchased).
- You may view inactive (closed) prediction markets by clicking the Archive tab.
- As clinical trials close, their market closing price (aggregate average) is determined.
- The market closing price is used to determine bonus earnings (see Earning Money), as well as, losses (see Losing Money).
|
- Search or Browse active prediction markets.
- Click the link of the desired clinical trial prediction market.
- Scroll to the bottom of the listing and click the Buy Contract link.
- Please remember the Purchase Amount and Quantity should be a reflection of your confidence that the drug will be approved by the FDA.
- Enter the Amount (the price you wish to pay between $1 and $100).
- Enter the Quantity (the number of contracts you wish to purchase for that price).
- Click Save New Contract to complete the purchase.
- The money is automatically deducted from the cash available in your bank account.
|
- If a BrainTruster purchases contracts for a drug that is approved by the FDA, then they may be entitled to bonus earnings.
- As clinical trials close, their market closing price is determined.
- The market closing price will be subtracted from the BrainTruster's contract purchase price.
- If this number is positive, then the BrainTruster receives bonus earnings.
- The bonus is the difference (calculated in the first step) multiplied by the number of contracts the BrainTruster purchased.
- The total investment and bonus earnings are credited to the BrainTruster's cash available in their bank account.
- Click here for an example of how to earn money.
|
- As clinical trials close, their market closing price is determined.
- The market closing price will be subtracted from the BrainTruster's contract purchase price.
- If this number is negative, the initial investment is lost and a penalty is assessed.
- The penalty is the product of the difference (calculated in the first step) multiplied by the number of contracts the BrainTruster purchased.
- The penalty amount is debited from the BrainTruster's available cash in their bank account.
- Click here for an example of how to lose money.
|
- Check your investments and cash available by clicking My Account.
- The beginning balance of your account is $10,000.
- The cash available in your bank account can be used to purchase contracts.
- When your cash available is $0 you are fully invested.
Return to top
|
- A BrainTruster's ranking will be based on positive earnings from investing in the prediction market.
- BrainTruster ranking is updated each time a trial closes once refunds, bonuses and penalties have been assessed.
- The Top 25 ranked BrainTrusters will be public.
- The Top 25 BrainTrusters will awarded American Airline AAdvantage® miles good for one free round-trip domestic flight.
Return to top
|