2009
Like many MBA Business schools , my alma mater also ran an internal competition to find the best manager of a particular batch, what followed was a series of games and situations at the end of which you have your winner.
One game was to make most money in stock markets in a day – A classic day trading game, all of us were given virtual INR 100,000 and a virtual demat account, the aim was to finish with highest balance possible at the end of the day.
There were many finance wizards at my place and a variety of strategies were employed
- One friend read up all the latest Macro and Micro (company specific news) to make calculated bets on items that will move due to news
- My strategy was to run some technical analysis (which till date I have limited understanding) and find stocks that can move with momentum
- Another friend switched on CNBC 18 at 7:30 am to get hot picks from news Anchor to make his day trading gains
- My neighbour in next room had a wait strategy he wanted to see what others are doing and then copy their trades
Next morning – The … Read the rest