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J.P. Morgan Portfolio Competition

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beerwm

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I signed up to this stock-trading game [for uni students] awhile ago, only ever placed 1 trade.



I saw this on my email.

200,000k initial balance.
1st Place ($521,684)… skyQuake… Macquarie University

Congrats SkyQuake - I take it its the same SkyQuake on this forum. sorry if im embarassing you, but great work.

Did anyone else enter this? how did u do?
 
Well done SQ!

That should land you a job if your looking for one. :)
 
skyQuake said:
: D

A fair bit of hard work and a fair bit of luck.

Trading and scalping away.
Click to expand...

Congratulations!

If you don't mind me asking big man, what exactly does this 1st prize get you?

(Cash, Fame, Firms looking at you?)
 
Good work man.

When you opening your fund? ha ha, I will invest with those kind of returns!
 
Haha, Thanks guys, I would certainly like to start my own 2-20 fund one day :rolleyes:

For now the prize is $4.5k and an internship or maybe grad at JP Morgan.

And to be fair, those 8weeks saw some extraordinary rallies in small caps on the ASX300. For Example MDT rallied from 3c to 15c, the came back down.
The high water mark was around $620k by some guys that just bought property trusts and held them to the bitter end...(which i am thankful for)
 
Well done Skyquake

enjoying your modesty , you done well and hope it takes you to the moon

onya
 
A question for SQ if he wants to respond:

Has your personal portfolio had these same type of returns? If so why are you still at uni? :p: Or did you take more risks with 'fake' money?
 
prawn_86 said:
A question for SQ if he wants to respond:

Has your personal portfolio had these same type of returns? If so why are you still at uni? :p: Or did you take more risks with 'fake' money?
Click to expand...

Hi Prawn, I'm pretty fresh out of uni so I don't have the capital to start a portfolio as such, and even with those returns, I'll probably make more at wollies :p
Currently trading on sims with ninjatrader thru IB

Took a rare trade or two that mirrored the portfolio cause things were just going nuts eg. CER, CNP... Would have absolutely LOVED to short them once the announcements came out though lol..

As for risk taking I took on a fair bit more risk than I would normally, cause the nature of the comp meant that you are trading to beat some other guy, rather than trading to preserve capital/make money. But since it was limited to ASX300, and with the 25% diversification rule; risk was fairly limited by game constraints.
 
skyQuake said:
Hi Prawn, I'm pretty fresh out of uni so I don't have the capital to start a portfolio as such, and even with those returns, I'll probably make more at wollies :p
Currently trading on sims with ninjatrader thru IB

Took a rare trade or two that mirrored the portfolio cause things were just going nuts eg. CER, CNP... Would have absolutely LOVED to short them once the announcements came out though lol..

As for risk taking I took on a fair bit more risk than I would normally, cause the nature of the comp meant that you are trading to beat some other guy, rather than trading to preserve capital/make money. But since it was limited to ASX300, and with the 25% diversification rule; risk was fairly limited by game constraints.
Click to expand...

Hey congrats!

Let us know how when you decide to enter another comp etc :)

Thanks

MS
 

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