University Trading Challenge: Stratton Oakmont, passion about the world of trading and the ability to admit a defeat.

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Stratton1 Stratton2 Stratton3 Stratton4 stratton5Federico Barbuto (team leader), Pietro VenturaAlberto FioGiuseppe Bullotta and Andrea Minutola are the Stratton Oakmont. They represented, in this last edition of the University Trading Challenge, the University of Messina.

They entered the challenge in the first decade of November and theyr first appearence in the rankngs saw them placed in 14th position with a +0,70%. 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, with a performance suspended between -17% and -18% for several weeks, but the latest fall on March 20th led them to reach the stop loss of -40% and they were eliminated from the competition.

They have traded on the market segment MTA of the Italian Stock Exchange, on the currency pairs of LMAX Exchange and on the US Markets reaching a total of 104 executed orders.

“The team Stratton Oakmont is made up of 5 students attending the Faculty of Economics at the University of MessinaAlbertoAndreaFedericoGiuseppe and PietroFederico,the team leader, is in the third year of Business Economics, with curriculum in Marketing and ManagementAlbertoAndreaGiuseppe are in the second year of a Master’s Degree in Profession Counseling, Pietro instead is in the second year of a Master’s Degree in Banking and Finance.

The passion about the world of trading and the chances of putting into action what we have studied theoretically at the univerity has motivated us to take part in the competition. Despite the fact that, within the group there were some knowledgeable members, with different experiences and risk inclination, we have sought to shrink these gaps among our team members to try to meet our final goal, and make it to the end of the University Trading Challenge in a positive balance and decent placement in the ranking.

The limited experience in the financial markets has caused us to make some unsuccessful operations, by enterign or exiting trades with wrong timing on certain securities that, with some good judgement, we would have to hold it a bit longer, or otherwise would have it sold earlier.”

We thank these five guys for having told us their experience. It is never easy to admit a defeat, even for the most experienced traders, but it is common belief that it is an unavoidable passage and one of the key point to be successful in this profession. We believe that FedericoPietroAlbertoGiuseppe and Andrea must be very proud for having put themselves to the test with a great desire to learn and with the awareness of having no practical knowledge on the financial markets. We hope that the participation in the University Trading Challenge has been for them a learning experience that they were able to get a better idea of this world that fascinates them so much. Knowing how to get up, with more strength and determination than before, 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.

“The best traders have no ego. You have to swallow your pride and get out of the losses.”

Tom Baldwin

 

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