2011 DCM Bluelake Portfolio Competition
(28 March - 20 May)
The 2011 DCM BlueLake Portfolio Competition provided for some exciting trading with 67,610 trades made with a total trade value in excess of $2 billion!
Despite taking place over a difficult period in the market - the S&P/ASX 300 retreating 0.33% from 28 March to 20 May - the average profit of the registered 6,500 participants was a comparatively impressive $549.58.
It was an extremely close competition this year with our top 4 participants finishing with final portfolio values greater than $230,000, i.e. making returns of at least 15% on their starting capital of $200,000. There was only $1,127 separating our first and second participants, John Bowers of the University of Adelaide and Shuo Yang of the University of New South Wales respectively, with John coming through to take victory in a nail-biting final day of competition!
TradingPlaces would like to congratulate everyone who participated, and thank our sponsors DCM BlueLake and STA Travel for their support.
Congratulations to the Grand Prize Winner!
John Bowers
University of Adelaide
"Throughout the competition I traded using a variety of techniques biased to momentum stocks
and the resource sector, based on my assessment of its superior earnings outlook.
I used technical indicators to capitalise on market volatility (the Japanese earthquake and resulting nuclear power station crisis)
by purchasing oversold high-quality single-commodity plays.
An inability to short-sell meant that I held higher cash levels than I may otherwise have chosen, but this actually helped my position during a period of market negativity and uncertainty.
All that being said, there is always an element of corporate luck - particularly in my case when Equinox delivered a brilliant performance after a takeover bid.
Future players should note that the ability to view a competitor's positions can help to hedge out their positions near the finish line - a tactic that helped me post a win on the last trading day.
Finally, I'd like to thank DCM BlueLake for giving me the opportunity to participate in an incredible learning experience.
I encourage anyone who is interested in gaining experience, learning about and testing their skills in trading equities to have a go at TradingPlaces!"
Congratulations to the Top 10 Prize Winners
Rank
Name
Equity ($)
University
1
John Boweers
238,433
University of Adelaide
2
Shuo Yang
237,306
University of New South Wales
3
Ammar Awan
234,158
University of New South Wales
4
Ryan Fernandes
233,703
University of Western Australia
5
Ian Goh
229,427
University of Melbourne
6
Paul Yeo
228,306
Deakin University
7
Elise Darsow
227,453
University of Western Australia
8
Abraham Oh
226,741
University of Queensland
9
Shan Li
226,099
University of Adelaide
10
Chon Ip Wong
226,035
Victoria University
Top Weekly Traders
Name
Equity Gained ($)
University
Week 1
Sasha Kaesermann
33,876
University of Queensland
Week 2
Tao Qian
15,103
Australian National University
Week 3
Man Tik Law
6,189
University of New South Wales
Week 4
Benjamin Daley
17,248
University of Queensland
Week 5
Ammar Awan
25,091
University of New South Wales
Week 6
Timothy Styles
11,652
University of Western Australia
Week 7
Brett Lacy
17,448
University of Adelaide
Week 8
Benjamin moody
25,195
University of Western Australia
Thank You
A big thank you to all the student society promoters and staff who helped promote the Competition this year.
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BlueLake Partners is an equity trading and investment company based in Sydney, Australia, with active operations in Equities and Derivatives. The 2016 Bluelake Partners Portfolio Competition allows Australian undergraduate university students the opportunity to showcase their trading and investment skills in a bid for potential career and networking opportunities, as well as great prizes.
Public Portfolio Competition
