Kenanga Challenge II

Kenanga is back with the KenTrade Trading Challenge 2 where the grand prize will be a Volkswagen Beetle 1.2 TSI worth RM135,888.

The Grand Prize- a VW Beetle

The contest features two categories of participants, namely, the Student (between 18 and 24 years of age) and the Public (18 years and above) categories. Participants will be given RM1mil virtual money to trade from Oct 1 to Oct 30.

The top-20 players (10 from the Student and 10 from the Public categories) with the overall highest growth (which will look at virtual realized profit, unrealized profit and cash balance) will qualify to participate in the grand finale on Nov 9.

In addition to the prizes to be awarded in the final, the top-33 participants from each category who had achieved the highest percentage portfolio growth from Oct 1 to Oct 30 will receive weekly cash prizes.

This is the second year that Kenanga is organizing this contest. The first Kenanga Trading Challenge was won by 27-year-old analyst See Kwan Chian who amassed about RM70,000 during a three-and-a-half hour morning session on November 13, 2014. He won a brand new Volkswagen Jetta worth RM130,888.For more, go here.

I like to share a quick thought on why you should play this game & how you should play it:

Why: 
Because it is a good way to test your trading skills and discipline in a real trading environment, albeit still with safety net

How:
Since the contest is for 1-month period, you have to be trading-focus. Some ideas to consider for the game as well as your actual trading: 

• stocks with close correlation to currency movement (example: Harta) 
• stocks that have bullish breakout or on the verge of bullish breakout (example: LTKM)
• stocks that are likely to be acquired by Valuecap

To learn more about this challenge, go to Kentrade Game.