It is our honor and privilege to represent FBI in the OCBC Securities Stock Challenge. Through this competition, we experienced the thrills and excitement of monitoring the shares we bought, hoping that it was the right decision which could bring us good returns.As the competition lasted for three weeks, we had to seize every opportunity as it comes. We monitored the market closely to identify the stocks that had been very active. These stocks became the potential stocks we wanted to invest in. Hence, our strategy was to keep buying and selling and buying and selling in order to make as much gains as possible within the three weeks.
It was not practical to park our virtual money in any stocks as that would not lead to potential gains. It was really through trial and error that we discovered how to “play” the market. However, we were more conservative and did not take huge risks. From the mistakes we made, we refined our strategies and eventually learnt some “tricks” of the trade. We learnt to make our choice wisely so as not to waste precious trade limits per day. This strengthens our ability to make wise judgments.
Overall, the 3 weeks monitoring the stock market was definitely well-spent as we picked up valuable lessons and experiences at no cost to us since we played with virtual money. In fact, to our surprise, we come in tenth position in the competition and won some prize money. We are very grateful to Ms Sarah and Mr Edmund for guiding and encouraging us. We look forward to participating in more such competitions in future!
Kelvin & Guo Wei (Right)
Busy @ Work
Posted by Guo Wei & Kelvin
