Q1 What is the title of the finance student competition you may consider competing? Hint: You may Google search something like “student competitions in finance”.
The Finance club’s trading game. http://www.jeuboursier.ch
Q2 Describe the eligibility requirements, if any (e.g., undergraduate college student).
The game takes place over 4 weeks, from April 20 to May 15. Each participant is given a virtual portfolio of 100,000 CHF, and is free to manage it according to the conditions of the Swissquote platform. The first 10 (best performances over 4 weeks) are awarded lots (see our list of lots for more information). Weekly challenges: Exceptional prizes to be won for those who will achieve the best weekly increase (in%)! Anyone can participate, but only students can receive the prizes and be part of the final ranking.
Q3 What are the competition criteria?
The contest is a 5 weeks virtual trading competition to beat all records, exclusive conferences, a workshop and a big closing event on the UNIL-EPFL campus for the awards ceremony.
Q4 What is the deadline for the submission?
4/20/2020 - 5/15/2020
Q5 Why are you interested in this competition?
I think this is a good practice opportunity for those who want to enter the investment bank. At the same time, the participants of this game are not limited to students, which means that more experienced people will participate and you can learn a lot of knowledge.
Q6 What would be a possible project you may turn in for the competition? Describe it in at least 100 words.
As I said, this is a simulated trading game, this game is mainly through the currency combination and other available trading tools to trade on a simulated account to make money. Who has the highest profit and the lowest risk, and the financial situation can be clearly understood, who will become the winner. The game will provide initial funding. For this competition, I will start to pay attention to the recent financial and economic reports. In my opinion, the most important thing to buy and sell stocks is to choose the stocks with “good profit”, which means the industry with good prospects. Select a few stocks to fully understand, every day to observe its trend chart, using indicators such as trading volume for analysis. At the same time, I am concerned about all the announcements of selected companies, and judge the production and operation status and development prospects of the company with professional knowledge. I will allocate my funds reasonably according to all the above information.
Q7 List things that you learned in financial modeling course that could be helpful for your project in Q6. Describe it in at least 100 words.
Because the simulated trading is based on the real trading process and operation methods, I think that the content learned in the course can be used in this game, especially by listing the chart in rsutdio, also learned how to evaluate the performance of stocks, are there other factors that influence the rise and fall of stocks. And analyzing the stock situation when the choice should be thrown And purchase stocks. I think the most important thing I learned in this semester is that rstuio can quickly understand the situation of the stock in a specific period and can easily draw a chart to help us complete the transaction.
Q8 List things that you learned in other finance courses at PSU that could be helpful for your project in Q6. Describe it in at least 100 words.
Because other financial courses, whether financial management or marginal statistic, is using different methods to analyze data, so I want to say two skills that is not learned in financial course but I think it is still a very useful, which are decision making, and stress and well-being atework, I learned in organizational behavior. Both of these taught me how to deal with my mentality and make decisions in a rational manner. I have discussed with several elders what the difference is between the simulated trading game and the actual operation. All of them tell me that because the simulated trading game has no psychological pressure, it works normally. Most of the operations are rational operations, and they often make money. But, when they take real money to operate in the market, he always makes wrong choices because he is worried about losing money. In my opinion, the value of a simulated trading game is to allow novices to exercise their basic skills and masters to test their stock selection strategies.
Q9 Check the finance blog below and see if you see any post that may be helpful for your project in Q6. Discuss how it can be helpful in at least 100 words. Hint: The author of the blog writes articles on financial analysis using R. https://rviews.rstudio.com/categories/reproducible-finance-with-r/
I think the momentum investing article will be very helpful, because momentum investment is one of the most common quantitative investment strategies. In short, it is to buy those that have risen strongly and sell those that have fallen strongly. Generally speaking, the “momentum” strategy can help investors get a higher return on investment. By reviewing the performance of the stock in the past period, it can help me quickly target in this virtual transaction, because the main reaction of momentum investing is in the past few years Stocks with poor performance will continue to disappoint. Stocks that have performed well in the past few years will continue their strong performance.
Q10 List things that you think could be helpful but not taught/offered at PSU finance courses. Discuss how it can be helpful in at least 100 words.
I think the school should start the relevant courses of insurance. First of all, I think the fields involved in insurance are very diversified, including finance, law, medicine, mathematics, economics, natural science and so on. At the same time, when I came to the United States, I found that insurance is closely related to almost everyone, whether it is medical insurance, endowment insurance, housing insurance or auto insurance. But for me, I know almost nothing about it. In my opinion, insurance is not only an economic relationship, but also a legal relationship. How to guarantee my own rights and interests, how to choose insurance, involves all aspects of life.