SGX Bull Charge Stock Challenge Update

The challenge has concluded!

My end result is HERE.

https://www.investingnote.com/portfolios/54847#/?portfolio=54847&tab=portfolios

Capital: Virtual Cash $50,000



Weekly thoughts (2/10/2018):

  • It has been tough for me to keep track of the SGX stock challenge as I have to juggle between work. And it is not easy for me to make trades via the SGX stock simulation portal (because you cannot queue and have to be there to make the trades real-time)
  • I'm cutting some losses on many positions that were entered in bad situations. Overall, it is still a paper loss. 
  • I'm beginning to see that less is more: instead of trying to profit from every trade, Investors like Brian at Forever financial freedom only invested 3 positions. And has a 16% profit. 

Weekly thoughts (16/9/2018):

  • The global market besides US is hit widely by a variety of reasons linked to trade war since the start of September. China, Hong Kong and Singapore markets have been hit with many stocks dropping. 
  • My portfolio similarly suffered losses but my ranking has stabilised at around 60 (which is half the participants taking part) I can't imagine how much paper losses those behind me are tanking at the moment.

Weekly thoughts (25/8/2018):

  • This game is perhaps good for traders who can make money quicker and bad for investors like myself who rely less on charts and have a longer investment time-frame.
  • I was forced to make speculative trades to try to up my rankings and so I followed the wave of AEM, which brought me to a top ranking of #5. However, I did not really know when to lock in profit. As a result, I lost most of the gains since it rose almost 20% a day and dropped 16% the next. I managed to lock in a profit of $1,600.
  • Most of my trades thereafter did not really profit yet.
  • Staying true to your own investment strategy is quite difficult especially when you see people getting high gains.
  • Investing note has a crop of really good traders who are good at small caps and trading warrants. Perhaps it would be also good for me to widen my knowledge and make my training complete by learning these.
  • After one week, not so bad! But it makes me wonder, at -1% portfolio, I'm 52. This means that there are almost 90 people who are making much more losses than me! shocking. 

No comments:

Post a Comment

Back to top ↑
30 Year Old Investor
Sow today, Reap Tomorrow

All Rights Reserved © 30 Year Old Investor 2023

About

You don't need to pay anyone/company to have a plan of your own and work towards achieving Financial Independence. Only we alone have no conflict of interest with our own money. "30 Year Old Investor" is a personal blog about a Singaporean's savings and investing journey.


Being the average Singaporean, K.C. is also interested in good food, a little bit of politics and a good slice of humour.

Contact Form

Name

Email *

Message *

Cookies

Note: Cookies are used on this blog. By using the site, you agree to Google's use of Blogger and Google cookies, including the use of Google Analytics and Adsense cookies. You may disable these cookies through your browser settings as you deem fit.

Disclaimer

Disclaimer: The views expressed, opinion and information in this article are strictly for informational purposes to encourage educational discussions only.

No content on this site constitutes - or should be understood as constituting - a recommendation to enter any securities transactions or to engage in any of the investment strategies presented in our site content. We do not provide personalised recommendations or views as to whether a particular stock or investment approach is suitable to the financial needs of a specific individual. No representation or warranty expressed or implied is made as to, and no reliance shall be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained on this website.

"30 Year Old Investor" shall not be liable whatsoever for loss or damages of any kind arising from the result of any use, reliance or distribution of the articles or its contents from information contained on this website.

Blogger templates. | Distributed by Rocking Templates Proudly Powered by Blogger.