Drawing great inspiration from Milligans' thread and noticing the amount of posts it draws, I thought there might be some interest in a Nit type tournament. So may I kindly introduce:
Way of The Nit - The Tournament (sponsored by Trotters Independent Trading) 
I will use this first post to set out what I think should perhaps be some basic rules. This is then put to the floor for suggestions and tailoring, with responses required by 2359 hrs, 31 May. After that the rules will be finalised - and we'll look to set the competition off within 24 hours or so.
ConceptEach individual starts with £1 with the aim of making as much profit as possible, over a set period, through buying and selling. The player with the biggest profit at the end wins. Simples.
Suggested Rules1. Players start with £1.
2. The game period is 3 months.
3. The player(s) with the most profit at the end of the game win.
4. The tournament is free to enter.
5. No betting/books are to be opened to avoid market manipulation.
6. Players must disclose their e-bay name at the start.
7. Players are to show each purchase/sale, by screen shot, as an when made - with a breakdown of profit.
8. Profits are to be logged on Excel by each individual - and also the adjudicator.
9. No blonde on blonde bidding or shill bidding in any shape or form.
10. Profit CAN be made by fleecing people on postage & packaging costs (actual costs/costs charged must be declared) *
11. Prize pool is sum total of all competitors profits.
12. Prize money paid out to 1st, 2nd and 3rd on 50/30/20% basis.
I can't think of anymore rules for now - if anyone sees any gaping holes please shout out and we'll look to amend/add them.
* Sticky wicket??? Difficult to audit? Not allow members to include profit from post?
Post your interest with the usual 'IN' below.You have one week to propose any rule changes, additions, amendments. 
THIS TIME NEXT YEAR BLONDES, WE'LL ALL BE MILLIONAIRES!!!!!!!!!! 
Author