A Guide to The Invstr App: How to Progress as an Invstr
Get more familiar with how to use the Invstr app with our quick guide series
The Invstr app gives you the chance to ‘level up’ just like other progression based systems, according to how much virtual profit you make.
$1 million of virtual capital is allocated to you when you start out on Invstr. This will let you open many positions in the market, buying and selling instruments as you see fit, investing in tranches of $50,000, $100,000 or $200,000.
Whatever profits you make on top of the virtual capital you invest, you get to keep. However if you should be unlucky with your investments, don’t worry! If you want extra capital sooner (so you can play more games), you can purchase more using in-app credits you may have earned, or with your own cash.
You can earn credits by completing actions within the app (such as sharing a promo code with other users), or by performing well in the weekly Invstr leaderboards. First, second and third place players will be rewarded credits which can be used for in-app purchases including extra capital. Make your investment decisions wisely so as to keep your capital stocked up.
How does the level system work?
Invstrs are ranked according to their skill levels, which run in the following order:
Your Invstr level is displayed in your Profile Scorecard and in the investment and prediction game leaderboards. Invstrs are put into these leaderboards with others of the same skill level.
Your Scorecard is found on your Profile tab in-app, as shown below.
The Invstr Profile where users can find their unique stats, related posts, users they follow and more
Levelling up is simple in theory, but harder in practice, and this is where your individual skills come into play. In order to advance up the ranks, you must make higher virtual profits, and this is done principally by making good trades in the investment game.
Making a ‘good trade’ simply means you make a profit on your investment, and this is done by correctly predicting the movement of a stock price, either up (known as going long) or down (otherwise known as shorting), then closing your position at the optimal time and collecting your earnings.
How do I do this?
The first step is to make a judgement on whether the price is going up or down, you can do this by reading related news and posts about the instrument to see what factors might be making the price go up or down either today or in the future, and by using the chart feature which lets you track how the price has moved over time, helping you to predict future changes in its value. Calendar events for companies will also show you the dates for financial results announcements or shareholder meetings, which will have an effect on the share price of that business.
Once you’ve invested, the next stage is following the market.
Following the market
Your job as an Invstr is to maximise your profits by closing your position at the right time. What is the right time? This is when the price has reached what you believe to be a ‘peak’ (going long or buying) or what you think is a ‘low’ (going short or selling). When the price has reached the optimal point, you close your position and claim your profits – see below for an example.
An example of a trade in the investment game on healthcare stock Novo Nordisk
Knowing when to buy and sell is a key skill you can develop by playing the quick-fire investment game
To do this optimally, you have to keep an eye on your watchlist and your active investments screen, as well as looking out for price alerts in your social feed and over-the-air messages (notifications).
Throughout the day, prices for all instruments rise and fall. The reason a price goes up or down is related to how investors around the world respond to market factors by either buying or selling that instrument at any given time. Price movements are viewable live in the Invstr watchlist.
The Invstr watchlist helps you keep track of your investments
When a price moves, it reflects how investors feel about that instrument. If sentiment (feeling towards it) is generally negative, the price will fall. If sentiment is positive, it rises.
In market-speak, positive movements upwards in prices indicate what is known as a ‘bull market’, while negative movements indicate a ‘bear market’. When an investor is optimistic about a stock or commodity or any other tradable asset, they are known as ‘bulls’ or ‘bullish’, if the opposite is true, they are called ‘bearish’ or ‘bears’.
So remember, the key to progressing in app is to:
- Make sensible decisions on which instrument to invest in, by reading the news, talking to other Invstrs about it, looking at charts and all of the other features available to you on the app.
- When you’ve picked your investment, you must decide which way to trade it. If you think the price will go up, you buy it. If you think the price will go down, you sell it.
- When you hit buy or sell, your investment is live. Then you must keep a track of where the price goes, so that you can take a profit or avoid losing more than you initially invested! Keep track by checking your watchlist and your active investments screen on the games tab in Invstr.
- Do this correctly and you will start to make more and more virtual profits, moving you up the leaderboard!
The better you get as an Invstr, the higher your trading accuracy will go too.
Good luck and happy Invsting!
Want to learn more about the markets and how to become a better investor?
Download the Invstr App now.