FAQ


 

Why do I play this game?

How do I buy and sell shares/stocks?

Why is my buying/selling order not getting placed?

How do I start playing this game? On what basis can I choose a share to go for? What prior knowledge is required before playing the stock trading game?

How much virtual money do I get while playing a game?

Can I trade international stocks?

What are bonus shares? What do the terms cum bonus and ex bonus mean?

How and when are Bonus Shares credited into my account?

What is short selling?

Why am I not able to short sell?

What is stop loss?

How do I put a stop loss here at Moneypot?

What is profit booking? How do I book profits?

Why do my orders show as pending at times?

When do pending trades get executed? Is there any delay in execution of orders?

How can I place limit order for buy or sell?

When is my cash book entry updated? I am having problems with my cash book updation.

How can I view my position among others in the game I am playing?

My rank and profit is not getting reflected in the Ranks page.

Prizes and Rewards

I am not living in India. Can I still play the game?

Can I change my email id of my Moneypot account?

 
 
  • Why do I play this game?
    The objective of the players is to make the highest returns on their portfolio. Player's portfolios are measured against other players in real time for each game; at the end of that game, the winners are those who have the highest returns relative to the other participants. The leading Traders can win cash prizes.
     
  • How do I buy and sell shares/stocks?
    On the trading screen, search and select a particular stock/company you want to trade, enter the quantity you want to buy/sell. Enter the limit price if it’s not a market order and place the order.
     
  • How do I start playing this game? On what basis can I choose the preferred share to go for? What prior knowledge is required before playing the stock trading game?
    The list of the ongoing games is available on the homepage on the right hand side. Out of these some games are sponsored (private) and you need to contact the sponsors for that game.

    You can choose the stocks as per your understanding and knowledge of the market. Recommendations on the Moneypot wall can help you for this as well. Tips from other players and experts may be taken as advice.
    Only the basic understanding of the market is sufficient to play this game.
     
  • How much virtual money do I get while playing a game?
    For each game, the virtual money available will be specified alongside the game.
     
  • Can I trade international stocks?
    Not at the moment, but the game will soon provide the ability to trade on International stock markets.
     
  • What are bonus shares? What do the terms cum bonus and ex bonus mean?
    A bonus share is a free share of stock given to current shareholders in a company, based upon the number of shares that the shareholder already owns. While the issue of bonus shares increases the total number of shares issued and owned, it does not increase the value of the company.

    A share is described as cum bonus when the purchaser is entitled for current bonus. On the contrary, a share is described as Ex Bonus when the buyer is not entitled for the Bonus. The seller remains the beneficiary.
     
  • How and when are Bonus Shares credited into my account?
    Currently, bonus shares are not being handled automatically, but will be included into the system soon. Moneypot shall handle it manually till automated process gets implemented. Whenever occurs, please notify us the bonus on your holdings through MP Chat or mail us at customercare@moneypot.in.
     
  • What is short selling?
    Short selling allows you to make money on a particular stock whose price is falling.
    Short selling is the same concept of buying low and selling high, but in the reverse order. You borrow some stock from your brokerage and sell that amount on the same day. If you dont cover your position in short sell, the system will automatically square it off at the highest price of the day.
     
  • Why am I not able to short sell?
    Please check if you have enough cash in hand to so that you can buy the shorted stock. The short margin value may vary from game to game. You can check your cash book of each game for more details.
     
  • What is stop loss?
    An order with a stop loss is one placed with a 'trigger price'. It is placed to minimize the losses and the order can be either for a purchase or a sale.
     
  • How do I put a stop loss here at Moneypot?
    Moneypot does not support stop loss facility at the moment. We are working on it and this will be implemented very soon.
     
  • What is profit booking? How do I book profits?
    Making profit by selling a share which has gone above its purchase price is called as profit booking. When shares, which you hold, as an investor, go up in price, you have made only a notional profit, which is meaningless, except in a dry run portfolio. Only when you actually sell them will you make any tangible profit.
     
  • Why do my orders show as pending at times?
    Orders placed when the markets are closed become pending orders until they are executed when the stock market re-opens. If you have used a good for the day/week trade option, they will also show as pending until the conditions for the execution of stock (mentioned on the game page ) are met .
     
  • When do pending trades get executed? Is there any delay in execution of orders?
    It takes atmost 10 minutes for the trades to get executed due to delay in price feed. But, all calculations are based on the price at the time when your order was placed. For example, if you placed an order at, say 10 am, this order will be executed at the price that was available for the particular stock at 10 am. Pending trades get executed when the conditions for the execution of stock (mentioned on the game page ) are met.
     
  • My buying/selling order is not getting placed.
    Please check for the following, if:
     - You have selected the right game that you want to play
     - The volume you want to Buy is NOT more than 1/3rd of the total volume in the market
     - The volume you want to Sell is NOT more than 1/6th of the total volume in the market
     - You have considered the brokerage that will be levied on the order placed
     - You have sufficient balance to place the buy order
     - You have any pending orders that has reserved your cash balance
     - You are trying to trade penny stocks. According to the new rules, stocks priced below a certain amount, say for e.g. Rs. 10, cannot be traded at all.
     - You are not able to short sale, click here

    So, make sure that these conditions are checked while placing your order. If you are still facing any problem, please notify us through MP Chat or mail us at customercare@moneypot.in.
     
  • How can I place limit order for buy or sell?
    To submit limit orders, you can select 'good for the day' or 'good for the week' options under 'Type' dropdown box in the Game page.
     
  • When is my cash book entry updated? I am having problems with my cash book updation.
    Your Cash book gets updated immediately after the execution of a trade. In case it doesn't, kindly recheck if your trade has been executed successfully. If problem persists, please notify us through MP Chat or mail us at customercare@moneypot.in.
     
  • How can I view my position among others in the game I am playing?
    Your position is calculated as Rank in the game you play. Your rank may differ for each game you play based on your performance.
     
  • My rank and profit is not getting reflected in the Ranks page.
    Rank and profit details get updated at the end of the day's session, i.e. after 4 pm. You can check your positions at that time.
     
  • Prizes and Rewards
    The winner of the games may win prizes and rewards. Games may have a prize associated.

    They are clearly indicated against each game running on Moneypot.in. Those who are eligible to win the prizes need to update their profile and provide valid address details for communication. In case they fail to provide the details, they stand to forego the prize. Moneypot is a no obligation free stock trading game platform.
    Moneypot reserves the right to withdraw call prizes and rewards at any point of time without prior intimation.
     
  • I am not living in India. Can I still play the game?
    Yes, any individual can play the game.
     
  • Can I change my email id of my Moneypot account?
    The email id with which you register at Moneypot is a unique id with which you access your account. You can not change your mail id directly. In case you want to change it due to unavoidable circumstances, please send us a mail for 'Request for change of email id' at customercare@moneypot.in.