Economics Trading challenge
Started at $250,000 on the 3rd of may
By the 12th of May, I have made 83 trades, and have a portfolio value of $254,295.
By the 21st of May, I suffered through the market down fluctuation due to Fauci and Trump I lost about $4000 portfolio value, but I was able to hold my portfolio and am up to $255,033 which is a good 2% return on the $250,000 starting value.
By 26th of May, I was able to invest in some excellent stocks which rose- and I am currently at $258,001 which is $8,001 profit- a 3.2% return on 250,000
27th of May- A further rise in portfolio value to $259,361.63 which is a $9,361 profit- or a 3.74% return. Currently 5th in the economics/enterprise-grade contest, above Mr.Owens.
28th of May- A further increase in my portfolio value to $259,655 which is a $9,655 profit- or a 3.86%.
29th of May- Massive downfall, lost more than $3000 on HPQ stock due to a sales miss and sudden stock decline
31st of may (end of the challenge) – $265,970.75 – 6.39% profit – 6th place/67. Even though I had my -3.5k form hpq stock, I was able to make it back and exceed from 256 through stocks. I made 5k form zoom stocks and more than 2k of Docu stocks, and profit from a few other stocks
Through this challenge, and the futures trading challenge (CME) last year, I have gained experience and learned more about the stock market, how to analyse stock, futures & make trades.