Ronin Software is pleased to announce the release of the latest upgrade release
of our Windows software game program, "Speculator: The Stock Trading Simulation"
(Version 4.0). ($19.95 until January 1, 2023, at which time the price will increase to $21.95)
CLICK HERE for a
summary of recent improvements and additions to the program.
Speculator is a highly realistic simulation of the stock market and economy,
in which each player begins with a modest inheritance of $100,000 and competes
against up to nine other human or computer players in buying, selling and
shorting stocks, trading government bonds, corporate bonds (including
convertible bonds), put and call options, and commodity and stock index
futures. The object of the game is to parlay that $100,000 inheritance into
a comfortable retirement fund after 30 years of play. Players can "play it
safe" and stick with conservative investment strategies, or can take bigger
risks to perhaps make a killing -- or perhaps have their brokerage account
closed if it falls below $10,000, or even go bankrupt if unable to meet a
All action in this fun and educational game occurs in a simulated "live"
economy and stock market, using a simulated online discount brokerage account.
Play is punctuated at times by financial booms or shocks, technology or
marketing breakthroughs (or breakdowns) at individual companies, and major
political or economic events, with constantly scrolling stock and news
headline tickers providing a massive flow of investment information.
The investment environment constantly changes as players do their
investment research and trading, using the wide range of research tools
provided, while seeking out profitable investments in the turbulent and
very realistic financial financial markets and economic model created
by the simulation. No two games are ever the same.
While players start with $100,000 U.S. dollars (or the equivalent in
any of 18 other currency choices), and may do as much trading as they
wish of stocks and bonds in a cash account, they must invest their money
successfully in the initial stages of each game to qualify for the the
- Open a margin account with their fictional stockbroker (such as
McSwindle, Churn & Tout), by growing their portfolio to $200,000;
- Engage in short selling, if their account grows to $300,000;
- Trade put and call options on any of the 1,000+ stocks in the
simulation if their account grows to $400,000; and
- Open a commodity account and trade extremely risky commodity futures
and Stock Index futures, once their account net worth reaches $500,000.
The small, deceptively simple-looking main screen of Speculator is
like a small "black box" that masks a vastly intricate interior, which
creates a complete and highly realistic trading experience in great
detail, with nothing left out but the phone calls from your broker with
his or her latest "hot" stock. Players will quickly find that Speculator
compares to other trading simulators like chess compares to checkers....
Developed by author Michael D. Jenkins, a Harvard-trained lawyer, CPA,
and lifelong investor in stocks, bonds and options, Speculator is a highly
addictive, realistic stock trading game that is designed to teach players
about investing as well as to entertain. Experienced investors will note
that the software's sophisticated proprietary algorithms consistently
generate remarkably realistic prices for the stocks, "straight bonds,"
convertible bonds and options in the simulation, as well as realistic
"contango" or "backwardation" in commodity futures pricing. Players say
it feels like the real thing, including the constant news feeds and
Daily Market Commentary that updates every few seconds.
Players will also see that they can experiment with conservative
strategies, like buying convertible bonds that convert into 1,000 shares
of stock while shorting 500 shares of the underlying stock, with the
possibility of profiting whether the stock goes up or down; or can test
option strategies, such as by being long or short straddles or strangles,
or creating bull spreads, put (bear) spreads, calendar spreads, partially
covered writes, "Condor" spreads, or "Iron Butterfly" options positions,
all of which will appeal to the more sophisticated players who aspire to
become real-world options traders. Version 4.0 has added an "Advanced
Options Trading Station" that allows players to compose complex options
strategies of up to 8 different positions on a single screen, and execute
all the trades with one click on a "SUBMIT" button.
Commodity traders can try to capitalize on "contango" or "backwardation"
situations in futures prices, and the simulation also offers occasional
opportunities for merger arbitrage when proposed mergers are announced,
as well as tempting "cheat" opportunities like receiving inside information
(although using the cheats will disqualify you from winning that game or
setting a record score). The software includes extensive "Help" files and a glossary
that can introduce players to the various complex trading strategies noted
New Version 4.0 was released as of October 1, 2022, and, in addition to the
Advanced Options Trading Station feature mentioned above, has added new alerts
a player can set. These alerts will notify the player when commodity or
cryptocurrency prices reach levels the player specifies, and Version 4.0
also adds rate alerts for when various interest rates or the economic growth
rate reach specified levels. These alerts are in addition to stock price and
ETF (Exchange-Traded Fund) price alerts, which were added in a previous release.
In response to user requests, this new version adds new database search
criteria, so a player can search for stocks of companies that are experiencing
positive cash flow, or, at the user's option, positive cash flow before debt
principal repayments. A user can now also search the database for stocks that
appear to be good candidates for short sales (betting on a stock to decline in
Version 3.0 introduced cryptocurrencies (Bitcoin and Ethereum) to the
simulation, and while players start a game with only $100,000 and might not be
able to buy even 1 Bitcoin, they can instead invest in shares of two new
Exchange-Traded Funds (ETFs) that have been added to the simulation, one of
which invests solely in Bitcoin, the other in Ethereum, and options can be
traded on the shares of either ETF.
Speculator is offered for sale by Ronin Software at $21.95 for
the full (registered) version, and Windows users may download the free
"try-before-you-buy" shareware version that is only limited by game
length -- 3 game years instead of 30 years of play -- and by some
stock charts not being available at all times.
More information is available at:
See below to order or to download the free trial version.
(CAUTION: "Speculator" is highly addictive, and may be hard on your
nerves as you anxiously await the next upcoming quarterly earnings release
that will affect the biggest stock holding or short position in your portfolio!)