Investacup recap Week 3

Obviously the story of the week was $NOW.

From a high of 8.15, it fell all the way to 4.11. Then it gave several wonderful bounce plays in between. Within the tribe, there were numerous people who benefited from the volatility. Even in the investacup competition itself, there were people jumping ranks by the hundreds! For sure those contenders were able to ride the massive bounce plays. Kudos to everyone for being able to ride the waves!

Personally, I was not able to maximize the NOW bounce since I was away from the keyboard on both times that the bounces were materializing. When I got back to the computer, the price was already above the optimal buy point for me. So I just let it go and looked for something else.

Remember, the stock market is not like Pokemon. You don't have to catch them all. You can afford to let some of them go. 

With that in mind, my system selected several other stocks that were also ripe for bounces but would theoretically move in a much more controlled manner. When I say more controlled, the move wasn't supposed to be moving up and down 5-10% in a matter of minutes. Too much excitement for a virtual competition. My stock picks for the week were SECB, MWIDE and again, CHP. 

This week, I'll be focusing on CHP. AGAIN.

For some strange reason, it gave the exact same pattern during the morning of 10/12 (Figure 1).

Figure 1

Could it give the same result? Looks like it for now. We shall see what happens next week. I've placed my position (1.98 buying) and possible target prices (Figure 2). Those target prices are just there for my reference. I'm already prepared in case they don't reach them. Make your own plans.

Figure 2

Ranking after week 3. 

Milestone 1 achieved --> Don't be in the negative. 
Milestone 2 achieved -- > Be in the top 100.

Dare I try to reach Milestone 3? Be in the top 50?

The tricky part though is making sure that I don't go down in rank too much. EVERYTHING gets tougher from here on out. For sure all the traders in the upper echelon of the competition are all in a class by themselves. Just being in the top 100 is a win already in my books.