University Trading Challenge: Venetiarum Trading, risky strategies but aware of high losses’ risk.

Scritto il alle 17:00 da [email protected]

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Andrea Sangalli (team leader), Gianmarco ScquizzatoAlessandro TestaGiovanni Cogo and Marco Mattei are the Venetiarum Trading.

They come from the Department of Economics of the Ca’ Foscari University of Venice (four students and a recent graduate) and they have enrolled in the University Trading Challenge to trade with real money on real markets.

They started to trade in the second decade of November and their debut in the standings (11.14.14) has been at the 17th place with -1.05%. In the following weeks, they have gradually increased their loss and they settled themselves in the last positions of the ranking.

They managed to hold out in the race, within the stop loss of – 40% , for several weeks by alternating small recoveries and sensitive losses.

Unfortunately, the twentieth week of the challenge saw their elimination from the competition.

They traded many instruments:

– MTA, IDEM (FTSE MIB and Stock Futures) on the Italian Stock Exchange

– Options on TLX

– CFDs on LMAX Exchange

for a total of 547 executed orders.

 

“The team, called Venetiarum Trading, is made up of four students and one new graduate, belonging to the Department of Economics at the Ca’ Foscari University of Venice. Three of us are from Veneto, one from Emilia Romagna, while the team leader is from Friuli Venezia Giulia. We have all answered the selection announcement for the participation in the 2014-2015 University Trading Challenge, issued by our current reference Professor, to test ourselves in the actual trading, since most of us had only a theoretical knowledge.

Our strategies have always been very risky; we have always exposed ourselves on high leverage instruments, because our aim was to achieve, in a short time, the highest possible yields, of course, always aware that a high gain is always associated with a high risk of losses to be incurred. Because of microstructure phenomena, such as the overtaking of the defined price for the stop loss, or due to a connection loss, but also because of typical behaviors of the human being, such as overconfidence and, presumption, excessive reactions, and afterthoughts that didn’t allow us often to act in an entirely rational manner. We have suffered extensive losses that brought our team to the elimination. Our goal has been, till the end, to stay in the challenge, even though we were aware that we had a so thin margin that it could have been eroded easily for the volatile nature of the market opening.

This experience has allowed us to have a first hand experience in the real financial markets, by acquiring experience and knowledge regarding the financial trading.”

We thank these five guys for having told us with total frankness their experience. It is never easy to admit a defeat, even for the most experienced traders. AndreaGianmarcoAlessandroGiovanni and Marco can come out from the competition with their head held high. We hope that the participation in the University Trading Challenge has been for them a learning experience and a good way to increase their knowledge of the financial markets. It is said that the defeats teach more than the victories. Knowing how to fall standing is what really matters, in trading and even more in life.

Our best wishes for a future full of success and victories.

Thank you for participating.

 

 

“There is nothing like losing all you have in the world for teaching you what not to do. When you know what not to do in order not to lose money, you begin to learn what to do in order to win.”

Jesse Livermore

 

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