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Born and raised in Seoul, Korea. Attended high school in Ottawa, Canada. Currently attending the University of Toronto. Passion for Statistics and Data Science.

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ken.jung[at]mail.utoronto.ca

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13 February 2011

Beginner's Luck.


 "My timetable was always full with mathematics and science so I never had a chance to take other things like economics, visual art, or technical design." Sorry, I think I just lied. In fact I had chances, but I didn't take them because I thought engineering is the right one for me and was too obsessed to think high school as a university entry process rather than opportunity to learn about different things through taking different courses. Now that I'm on the senior year second semester, I realized I should've been more open to gaining wide range of knowledge. 
 Anyhow, my friend told me it was part of the Economics class to do virtual stock trading and compete who makes the most profit in short period of time. So just for the interest of it, I also started trading by using an iPhone app with a little hope to motivate myself to keep read the newspaper. Since the app only supports the NYSE and NASDAQ stocks, I also started to use Google Finance portfolio as a paper trading tool for the TSX, which is the market that Canadian media is obviously more focused on compare to the American one. With the virtual 100,000 USD and 1,000 CAD on my mind (not in my pocket), I  made a weekly gain as shown on the attached list, through trading between the February 7th to 11th. Even though wrong prediction on Disney and Ford went down constantly and left me bleeding through out the week, the optimistic news of the success of the Egypt revolution changed the trend in the last hour on the Friday and barely passed the basis cost. Weekly gain of West jet (+16.2%) was pure luck, but I'm proud that I made right prediction on Fedex (+4.01%) and Amazon (+7.53%). This whole stock trading thing made me spend some times on reading the business section, so it's doing its purpose.


Created by iKEN at 12:34
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Keywords: Thought
Beginner's Luck.
2011-02-13T12:34:00-05:00
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