Hmmm, good idea but may be bad timing. I'm sure I'm not the only one sitting on his hands right now. I only own one stock right now, Pepsico, and that's in a DRIP account that I won't even look at for many months.
The market is too oversold to short, and the downtrend is too strong to buy. Nothing for a stock jockey like myself to do but jack around on ET all day.
The best way to do it is with people posting real time trades that have been taken in their own trading accounts. Simulated contests are aking to a war video game.
If it is seriously considered, maybe by the time it gets off the ground I would be ready to participate. The objective should be bragging rights, in other words, no money thrown in a pot for the winner to take. Pikers like myself need all of their available cash in their account.