I think the rule is fair. It prevents someone to cheat using real money to manipulate entry/exit prices during the year.
Trust me, everybody thinks you will do it if the rule is changed! That's the part you really need to rethink.
As one start fresh, i believe there was talent, there was passion and a great heart behind it. As more success comes by, one slowly losing the pure heart (赤子之心 if i might say). "I am rich so i must be right!" In fact you just do not know how big the world is and how smart can people be.
I think the organizer’s computer system is not powerful enough to keep track with all the buying and selling of shares by participants. I am willing to consider to offer you some financial help, in case you need.I trust the organizer will change the rule so that participants can use their skill instead of depending just on luck to win.
Me: This is such a good offer from KYY, strongly suggest i3 Admin shud seriously consider KYY offer. But, could there any others conditions tie with rhe offers ?
Dear KCChoon, If you had read Mr. Koon Yew Yin blog: “ Let’s find a solution” on 3 Dec 2016 where Mr. Koon had make a first move to make up to you for his previous blog and you accepted his apology full heartedly on your blog: “Thank you Mr. Koon and hello my “student” Buddyinvest on 4 Dec2016. Your Blog: “Confidence, optimism and critical thinking in the stock market” on 23 De 23 2016 is inappropriate with unnecessary negative attack which you might unintentionally wrote it to stress your points but it is offensive. This had provoked Mr. Koon an angry and strong worded respond: “KC Chong and KYY Must Show Proof of Marking Profit” dated 24 Dec 2016. Today he posts another Blog: “I3 investor Annual Competition Rule Must Change” He sounds a little bit sorry that he should have listen to his wife advice. Anyhow whatever done is done and now he is angry of those senseless comments on the I3 Investor Annual Competition Rule. He is definitely right. In war no-body will just standstill and become a sitting ducks or in everyday driving you just DO NOT drive straight. In life we need to maneuver the up and down, the curve and straight the traffic light stop and go in order to safely arrive at your destination. (I recommend everybody read the cnb.cx link.)
Dear Mr. KC Chong, I think you are wrong this time, your Market blog: “Confidence, optimism and critical thinking in stock market” dated 23 Dec 2014 had hurt Mr. Koon feeling and will you been magnanimous and kind to make a first move to make up with Mr. Koon. Both of you are Great SIFU in i3investor many people are looking up on you don’t let them down. Thank you Merry Christmas to all.
i strongly fell that this competition should allow the participants to cut loss or take profit or even switch counters as long as he is utilising the allocated fund within a year ie from 1 Jan 17-31 Jan 17. In real life investment that we don't buy and wait for a year but smetime when a counter is performing, we even keep it for more than a year to let the profit growth.
paperplane and OTB picked their stocks carefully so they generated good return in 2016
For example : Air Asia, Gkent and KESM
Those stocks were picked because they foresaw stronger earnings ahead.
It was due to wisdom and foresight
KYY chose export stocks at their peak for his 2016 portfolio. He lost money for that. This reflects lack of skills , wisdom and foresight . Even if he is allowed to sell, those export stocks would still have caused him to lose money. No difference
The rule of the game has allowed competent contestants to win, and wrong picks to lose
I am new here and totally agree with KYY that i3investor rule must change...as taiko or sifu of i3ivestor, the admin must take his views seriously or else you are risking upsetting him.
Hi icon8888, come across that you believe export stocks like Pohuat would perform. I bought Pohuat-WB given its low premium after reading ur article. In ur opinion, what do u think the intrinsic value of POHUAT? Is POHUAT WB a better deal? TQ!
if rules do not reflect reality, end results do not reflect reality.
what is there to debate?
I know some of you will continue to choose the best stocks you can find, the stocks with the most margin of safety and put it in the competition.
for me.....I am a firm believer in risk = reward, then no risk = no rewards.
if you select the stocks with the least risks, with the greatest moat / margin of safety, you get zero reward. Great performers for 2016 are highly highly unlikely to be great performers for 2017.....just as great performers in 2015 did not make it in 2016.
as this is playing with monopoly money.....contestants are advised to think outside the box.
if you cannot take risk with monopoly money, how are you going to take risk with real money?
Rubbish loh...this KYY...if he picked FLB & it turn out losing...what makes u think....he can sell & buy a better stock leh ??
If u cannot make monies in the mid & longer term, what makes u think...u can make alot of monies, just trading leh ??
Don give excuse loh....if u r a loser...u really a loser mah....!! Don change the rules to suit u for the sake of perceiving that the 13 rules preventing u from winning loh....!!
Maybe...u can call...trading competition loh....!!
Buy something...cheap...cheap like Rm 0.01 to Rm 0.03....very illiquid securities..push it up 300% b4...on 30-12-2016 u have a guaranteed winner loh....!!
"To win in this competition you need a lot of luck." - a contestant that is allowed to trade doesnt alter the fact that luck still play a huge role annual return. This sentence is enough to make the whole thing irrelevant
Like Ah Koon..you need a lot of luck to win 2016 stock contest and it so happen Ah Koon is the luckiest participant, based on luck alone, Ah Koon declares winner in 2017 too.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
supersaiyan3
3,138 posts
Posted by supersaiyan3 > 2016-12-25 16:23 | Report Abuse
I think the rule is fair. It prevents someone to cheat using real money to manipulate entry/exit prices during the year.
Trust me, everybody thinks you will do it if the rule is changed! That's the part you really need to rethink.
As one start fresh, i believe there was talent, there was passion and a great heart behind it. As more success comes by, one slowly losing the pure heart (赤子之心 if i might say). "I am rich so i must be right!" In fact you just do not know how big the world is and how smart can people be.