This guide will help you day-trade fake website stocks on Alexadex making use of the Digg effect to rapidly and consistently increase your portfolio. Recently, I have made use of this technique by buying shares of productdose.com and then selling them one day later. This site received a spike in traffic because of an article posted on Digg about geek watches.
Alexadex is a on online trading game where users trade websites instead of stocks. You are given $10,000 of “play” money to trade with initially. The “stock price” for each website is a reflection of the traffic reach statistics provided by Alexa.
Step 1 : Get an Alexadex account
Go to Alexadex.com and sign up for a free account. They will immediately credit your account with $10,000 in fake currency. The process is simple and you should be up and running fairly quickly. Personally, I find this to be a very entertaining site to use as I am naturally a competitive person and like seeing my name as a “mover and shaker”. And, since you deal with fake money, there is no risk of losing your shirt!
Step 2 : Browse digg looking for a candidate website
This is the most important step of the process. You must find the ideal candidate story on Digg and subsequent website that you will add to your portfolio. Look at stories both on the homepage and the Digg queue that will likely promoted.
You should research the website that the site is hosted on before you decide to add them to your portfolio on Alexadex. Do a search for the domain on either Alexadex or Alexa and look at its “daily reach” graph (reach is defined as the number of users out of a million that use the site on a given day). The ideal candidate would be a site that has a reach between 5 and 50. Sites that have too high a reach (ex: Wikipedia is 30,000+) will not seriously be effected by the Digg effect, and sites that have too low of a reach may not be able to handle the spike in traffic. Also, keep in mind that (1) sites that receive too little traffic cannot be bought on Alexadex, and (2) there are a limited number of shares available for each website.
When the website is promoted to the dig homepage it will see an increase somewhere in the range of 50 – 150 on its daily reach. So, for example, if you buy a stock at 5 and it goes up to 100 because of the Digg effect then you will increase your portfolio by 20X.
Step 3 : Buy shares and wait for the price to spike, then sell!
This is part of the process requires impeccable timing. Websites promoted on Digg will immediately receive a significant increase in traffic; however, Alexadex will lag by one, perhaps two, days in reporting the change. It’s best to check around 10am-11am EST as this seems to be around when Alexa updates their rankings.
In my example, I bought shares of productdose.com at $28 and sold them the next day for $255 (
an increase of 9X!). My portfolio, went from $10,000 to up to over $79,000 in one day.
Remember to look for a significant spike. Sometime their will be what looks like a small increase in traffic (+5 reach), but this is usually just the beginning and the following day you should expect to see a significant (+100 reach). If you miss the timing, then it's not that big of a deal, you will probably still see a small increase in the value of the website.
It’s too bad the real stock market didn’t work this way, as all diggers would become millionaires. All would be fine until everyone figured it out. Then market would become saturated and would crash, causing pandemonium. I take it back, I like the real stock market just the way it is.
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