A fun and generous group of investors/traders group in Facebook launched a Stock Market Trading Game which is now in Week 3. I’ve originally intended to join the game however I failed to read all the rules so I am just “shadow stock picking”. The rule involved is to pick 5 stocks, and I only really wanted to pick 2. Anyway for those wanting to know more about the group and the game rules, pls click here :
https://www.facebook.com/events/486017031438298/
There is 1,000,000 virtual money involved and my strategy for the Philippine Stock Exchange (PSE) is simple. It is in a bull market right now, and so I am going to buy what is continually going up. 🙂
These are considered “efficient stocks” > those stocks that meet your investment growth objectives with little effort on your part. They are creatures of bull markets which could be a rarity in other market types. (Learn more about efficient stocks from Safe Strategies for Financial Freedom by Dr. Van Tharp).
I chose these 2 stocks because as stated above, I only want to buy stocks that are going up.   I didn’t have much time to study financials and so on, but with these stocks belonging in strong sectors benefitting from the economic growth of and I determined that the charts represented their value well.
OK, so what did I get?
BPI
PGOLD
And to keep things simple, I thought I’d just divide the 1 Million equally between the two stocks. (No reason other than I don’t have time to figure out any sophisticated method!)
According to my records (as of 9 Nov, 2012) :
I bought BPI at 85.45 with 5851 units (500,000 divided by purchase price) and it is now 96 pesos, so the value of the holdings is 561,732 pesos
I bought PGOLD at 29.70 with 16835 units (500,000 divided by purchase price) and it is now 30.90, so the value of the holdings is 520,202 pesos
So total holdings amounts to 1,081,934 or profit of  81,900 pesos (roughly USD $2000) in 3 weeks for “work” I did for 1 hour picking out these efficient stocks 🙂 Not bad eh!
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UPDATE!
I didn’t want to know the standing with the rest of the game participants (pressure!!! 🙂 but it was good to know the results reported last night ), and I do know the lucky 1st placer will receive my book “High Heeled Traders” as one of the prizes! And it was a nice surprise to win the top spot (if I was not disqualified!) hehehe Rank 1 winner have total position of 1,072,300.00 against my 1,081,934 total. Great result for Week 3!   If I had more time I could have made the division of the 1M with the less volatile stocking getting more cash allocation… we’ll see if I can make that change in the next weeks.
And I invite all long-term investors, active investors alike, to get my book to learn more strategies (that work!) and how to use them ! Check them out here!
Game Standing - Week 3
BPI on uptrend
PGOLD on uptrend
Thanks Remi ! And appreciate too all the good work you are doing encouraging people to invest while having fun along the way!
You should be on that First place Madam. 🙂