Contest: Second November Investing Contest
Final Rank: 3
Final Portfolio Value: $112,739.67 (+12.73%)
Trading Strategy For This Contest
First off, thanks for the great game everyone! Well played. This being my first HTMW monetized contest, I feel very humbled and excited to win.
During last week, I played the VIX and biotech stocks. TVIX and UVXY are 2x leveraged etfs for the VIX (CBOE Volatility Index). After the terrorists attacks, I knew the market would be in a state of chaos so I used that to my advantage while day trading the VIX
As well I bought and sold stocks such as AVXL and KBIO. These were over bought/sold stocks along with news being released about the stocks. Honestly, most of the time with these small cap biotechs you have to go with community sentiment to win.
Performance Over The Total Contest