You may not know this, but having surveyed the readers of Slope, I was pleasantly surprised to learn that the most popular brokerage among them is none other than tastytrade – – which has a special place in my heart for obvious reasons.
The last time I saw Tom Sosnoff in person, he was telling me about this new promotion they were going to run, which essentially would let a person play with $5,000 of virtual money in a trading account and, if they manage to make $250 profit in two days, they’d actually get that money for real. In other words, you could lose the entire $5,000, and you actually wouldn’t lose anything, but if you managed to make $250 or more in two days, you’d actually get that cash (zero risk, all reward).
Go ahead and click here to learn about it. Obviously their goal is to give people a chance to check out their platform and, once they’re convinced how cool it is, sign up and actually put money into the account (which is where they’ll put the aforementioned cash that you hopefully have earned). I think it’s an awfully clever “try before you buy” campaign, particularly since you can actually score some cash out of the deal!