Martin (Slurchie) from QLD
Have you played the game before?
Once before, but I didn't last the whole game.
How many hours a day did you spend on the game – including research etc?
I only bought and sold the group stocks I was following on days when I could spare the time. On those days I spent less than 30 minutes buying and selling, and up and to 30 minutes monitoring and researching.
How did you choose your companies?
Initially, I used a list of companies that I would normally see as too risky for long-term investments. Toward the end I selected stocks that had had recent bad news or were undervalued.
What was your strategy/plan?
I looked for stocks with a cyclic pattern that I could benefit from in the short 3-month period. I bought toward the bottom of the stock’s price range and sold when I could make between 5-10%.
Did you stick to your plan?
No – about half way through, hoping to catch up with the leaders, I looked at depressed stocks with reasonable fundamentals that had recently had bad news.
Then I sold stocks that hadn't moved, or had losses to give me some spare cash and just held stocks that I thought might get me some gains. The last day was just luck – I was holding IT stocks that went up slightly while everyone else seemed to be holding something that suffered significant losses.
How did you handle the market volatility?
I was attracted to the market volatility throughout the competition but towards the end I tried to maintain enough cash to buy if there was a significant drop.
What was your biggest lesson?
This isn’t the kind of trading I’d do with my own money. It highlighted that the quality of the businesses I was investing in wasn't reflected in the price performance during the game’s short period.
Anything else you think would help other players?
Everyone should have a go at the Sharemarket Game for fun – but don't model your own investments on this type of trading.