Options Trading Championship 2007 Cont’d
The OTC was an exciting event. I felt great being a participant of an internationally recognised event which was run concurrently in Singapore and Indonesia as well. The M’sian venue was in Global Business Park, SS19. First impression of the building was “huh?? This kind of place??! Sure or not?“. The building is right in middle of an industrial zone and looks run down.
When we entered the building, other participants were green with envy after seeing our team t-shirts. Friends from success Resources were also impressed with our effort. Yeah we really showed them that we are out to win the prize.
Mong Ling, Hai Liang, Wai Ling, C Hun at the lobby of Global Business Park
Despite of the drab looking building, the inside of the function room is a world of difference. We were relieved that the deco and finishing was nice and trading stations were clean, spacious and neatly laid out. Even the lighting, sound and internet speed were impressive. The OTC had 60 participants in M’sia, approx 90 in Indonesia and approx 160 in S’pore. In M’sia we had 15 teams.
The calm before the trading storm
Day 1
On the 1st day our team had fun and laughter while other teams were busy doing last minute analysis. We were well prepared as we had strategised our plan of attack way before the OTC. It now boils down to timing our entry points.
We’re having late dinner after the opening bell while others are busy analysing
Having teh tark break relaxing…who said trading is stressful? No worries ha ha!
Day 2
Based on our team’s trading strategy, 2 of our team members were in the top 20 individuals in the OTC who has the highest increase in portfolio, C Hun was no. 8 and I’m 17. On overall team effort, our team “Fun Gappers” was the 4th best in the OTC.
We arranged our notebooks during serious group trading session
Photo with Richard Tan (left), the boss of Success Resources & Dr Clemen (right) our Si Fu
Day 3
Day 2 trading results was announced on the 3rd day before the opening of Day 3 trading hours. On Day 2’s results, another one of our team member, Wai Ling, was in the top 10 individuals in the OTC. Several bellwether companies missed their earnings and the entire market was down big time. So even when Richard announced the Day 2 results, there were mixed feelings as Day 3 is going to be very very tough…Before the opening bell, everyone was in a sombre mood, those who had positions were preparing for the worse, some could not believe the crash was so bad. Some lost everything…it took everyone around 2 hours to accept the market crash and the losses incurred. Those more experienced traders took it in their stride much earlier.
On Day 3, we talked to many other traders and made some friends here and there. It was interesting listening to how they traded and analyse their companies. After the closing bell, we felt a bit sad OTC has ended as we were having lots of fun and enjoyed ourselves trading together and making friends here and there.
Group photo of M’sian contingent for the OTC
3 Responses to “Options Trading Championship 2007 Cont’d”
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ya, we were having a lot of fun in these 3 days! The championship bring our trading experience up another level even though we did not win the prize this year (result:http://www.optionstradingchampionship.com/02_evnts07.html). We will definitely come back again in 2008!
Cheers!
Wai Ling
Fun Gappers
http://www.InspiringJourneyToFinancialFreedom.com
Hai Liang,
Glad to learn about your passion and enthusiasm in options trading. I simply admire your team’s formal attire during the OTC as that only means that your team and you are committed to success.
Result at the end of the day doesn’t necessary matter as I believe you would have learnt a lot more from other traders during the OTC and I believe this experience would only serve as a stepping stone towards achieving better results in the next OTC.
I wish you all the best and I’m glad to know another like minded fellow Malaysian trader. BTW, I’m from S’wak.
Hi Wei Ping,
Thanks for the encouragement. I’m really happy to meet you. It was really great participating in OTC. Although success resources said we are leading the M’sian team, we still can’t beat the Indonesian. But it was an inspiration for us to go again next year.
It was a relieve that Freely grads won all the categories. Dr was so serious that Freely grads must beat other participants and it made us very determined to keep the trophy in our school!
I wish you all the best and lets make money!