APRIL 21, 2020

INVESTOPEDIA GAME SIMULATOR

PERFORMANCE ANALYSIS

AHMED ALI
ROLL 46
BATCH MBA 60D
INSTITUTE OF BUSINESS ADMINISTRATION
UNIVERSITY OF DHAKA

ASSIGNMENT ON
Investopedia Game Simulator
(Performance Analysis)

COURSE CODE: F604

COURSE NAME: FINANCIAL DERIVATIVES

SUBMITTED TO:
Mr. Avijit Mallik
Lecturer

SUBMITTED BY:
Ahmed Ali
Roll: 46, Batch: MBA 60D

Date of Submission: April 21, 2020

SUMMARY OF THE PORTFOLIO:
User Name
Joining Date
Transaction Date
Initial A/C Value
As on 08.04.2020
As on 13.04.2020
As on 15.04.2020
As on 21.04.2020
Total Number of Transactions
As on 15.04.2020
: Ali of IBA
: 17th March, 2020
: 19th March, 2020
: $1,00,000.00
: $10,03,06,893.30
: $7,09,17,388.70
: $26,07,62,064.90
: $41,49,10,011.88
: 1809
As on 13.04.2020
 The Value of the Portfolio Across Different Days

*** Screenshot supporting the daily portfolio value is provided at the appendix section.
INITIAL STRATEGY:
I joined the game on 17th March, 2020. I observed the market for two days. I watched the
players ranking higher in the game. I watched their shares and observed how the prices of those
shares were fluctuating. I tried to figure out whose prices were going up and whose prices were
going down. And, then on 19th March 2020, I performed my first transaction.
Initially, I had $100,000.00 to start with just like any other player. After observing the
experienced players, I decided to buy only those shares which were priced below $1. The
reason for doing so was to minimize the risk of loss. I thought that the price will not get
negative. So my chances of loss was very low. And, my strategy actually worked.
OVERALL PERFORMACE ANALYSIS:
I did almost 2000 transactions. Some of the major transactions and my strategy behind buying
or shorting those shares are as follows:
1. GASL: (Direxion Daily Natural Gas)
TRADING SUMMARY
Symbol Bought At Bought On Quantity Sold At Sold On Outcome
GASL $0.08 23.03.2020 9,99,999 $7.03 24.03.2020 Profit
Symbol Bought At Bought On Quantity Sold At Sold On Outcome
GASL $6.93 24.03.2020 6,39,808 $9.40 25.03.2020 Profit
Total Number of Transaction: 04
TRADING MOTIVATION AND STRATEGY:
I started my transaction through buying shares from GASL. While observing the shares of those
higher in rankings, I was searching for those shares whose prices were below $1 so that I could
buy shares in bigger quantity. Initially, I brought the shares of GASL at 0.09 on 19.03.2020.
And, sold them the day after at $0.10 and made little profit. Then after few days, while reading
about GASL, I saw an article which said that GASL was among the top 8 best performing
leveraged ETFs of the last week. So, I thought the price of this company’s share should have
already gone up. But, when I checked, it was even lower than before at $0.08. So, thinking that
the price might go up this week, I bought 999999 shares of GASL at just $0.08 per share on
23.03.2020. Immidiately after that day, the share price of this company goes up and I sold my
999999 shares at $7.03 on 24.03.2020 and made huge amount of profit almost 7 million in just
1 transaction. And with this transaction, my ranking became 9th. Then, after few hours when
the tradings were about to close, I took a risk and bought 639808 shares with everything I have
left, hoping to get a good return the day after. And I was right. The price kept increasing and I
sold those shares at $9.40 on 25.03.2020

Screenshots of the transactions

 2. IMAC: (IMAC Holdings, Inc.)
TRADING SUMMARY
Symbol Short At Short On Quantity Cover At Cover On Outcome
IMAC $3.34 24.03.2020 70,00,000 $2.81 25.03.2020 Profit
Total Number of Transaction: 02
TRADING MOTIVATION AND STRATEGY:
With the increasing threat of Coronavirus throughout the world, I thought that the shares of the
healthcare providers might go down. So, I started searching for companies which are providing
healthcare services and happen to find IMAC, a medical care providing company on the
portfolio of the 2nd ranked player. I started reading news about IMAC on Finance.yahoo.com
to get better insights. There I found a news which says that IMAC continues its partnership
with US Federal Govt as a provider of healthcare. And, considering the USA situation due to
the outrage of Coronavirus, I immidiately shorted the shares of IMAC at $3.34 on 24.03.2020
and covered on 25.03.2020 at $2.81 making a considerable amount of profit.

Screenshots of the transactions

3. ASTC: (Astrotech Corporation)

TRADING SUMMARY
Symbol Short At Short On Quantity Cover At Cover On Outcome
ASTC $7.16 25.03.2020 3,61,000 $5.85 25.03.2020 Profit
Symbol Bought At Bought On Quantity Sold At Sold On Outcome
ASTC $5.00 25.03.2020 7,18,000 $3.25 26.03.2020 Loss
Total Number of Transaction: 04
TRADING MOTIVATION AND STRATEGY:
While observing the rankings higher than mine, I saw that the player who ranked 5th had shorted
the shares of ASTC and the quantity was huge. So, imitating him, even I shorted 361000 shares
of ASTC at $7.16 and just after 1 hour or so the price of this share dropped and I managed to
cover the shares at $5.85.
At the moment when the tradings were almost closed, I checked the price of this share and saw
that the event chart is showing a downward line. I thought that the line would go up at any
moment and so, I bought huge quantity of shares at $5.00 and waited for the trading to resume
the following day. But, the downward line never went up and I had to undergo a loss by selling
the shares ar $3.25 on 26.03.2020.

Screenshots of the transactions

 4. VVUS: (VIVUS Inc.)
TRADING SUMMARY
Symbol Bought At Bought On Quantity Sold At Sold On Outcome
VVUS $3.13 31.03.2020 79,99,992 $1.68 01.04.2020 Loss
Total Number of Transaction: 16
TRADING MOTIVATION AND STRATEGY:
After IMAC Holdings Inc., I kept looking for healthcare providing companies. I found Vivus
Inc., another healthcare providing company. And, while looking for insights about this
company on Finance.yahoo.com, I saw the news that “Vivus Accelerates the Launch of
Telemedicine and Remote Monitoring Modules to Facilitate Effective Patient Care During
“Social Distancing” Source:https://finance.yahoo.com/news/vivus-accelerates-launch-telemedicine-remote-113010276.html.
Moment after I saw this news, I hoped that, unlike other healthcare companies, the share of
VVUS might increase. So, I bought 79,99,992 shares at $3.13. But, my prediction was
completely wrong and the following day, the price of this share dropped dfrastically. And I had
to undergo a loss of more than 12 million US Dollar by selling the shares at $1.68.

Screenshots of the transactions

5. TRVI: (Trevi Therapeutics Inc.)

TRADING SUMMARY
Symbol Short At Short On Quantity Cover At Cover On Outcome
TRVI $3.29 01.04.2020 39,99,996 $2.85 01.04.2020 Profit
Symbol Short At Short On Quantity Cover At Cover On Outcome
TRVI $2.95 02.04.2020 1,99,99,980 $2.81 02.04.2020 Profit
Total Number of Transaction: 48
TRADING MOTIVATION AND STRATEGY:
Keeping my search high for the healthcare companies, I managed to gain substantial amount
of profit by trading the shares of Trevi Therapeutics Inc (Another Healthcare Providing
Company). While my prediction fo VIVUS was desaster, I did not make the same mistake here.
This time I shorted 39,99,996 shares of TRVI at $3.29 and immidiately after few minutes, I
managed to cover the shares at $2.85 per share. The following day, I shorted this share again
but this time in much bigger quantity. I shorted 1,99,99,980 shares at $2.95 and covered them
within few minutes at $2.81 per share.

Screenshots of the transactions

6. BRN: (Barnwell Industries Inc.)

TRADING SUMMARY
Symbol Bought At Bought On Quantity Sold At Sold On Outcome
BRN $0.60 02.04.2020 79,99,992 $0.77 01.04.2020 Profit
Symbol Short At Short On Quantity Cover At Cover On Outcome
BRN $0.70 02.04.2020 1,09,99,989 $0.53 02.04.2020 Profit
Total Number of Transaction: 36
TRADING MOTIVATION AND STRATEGY:
Barnwell Industries Inc. is completely related to energy sector. It is the provider of oil and gas
energy. With the total lockdown in most of the countries, the price of oil and gas was
supposedly going down. BRN was no different. The price of the shares of this company already
went down from $2.67 per share to $0.60 per share. Thinking that the price had already gone
down enough, I decided to buy this share hoping that the price would go up. I bought 79,99,992
shares at $0.60/share and within few minutes the price went up and I sold the shares at
$0.77/share. After selling the share, I noticed that the price was going down again and so,
instead of buying, I shorted the shares at $0.70/share. I managed to cover the share within
minutes at $0.53/share and gained good amount of profit.

Screenshots of the transactions

7. AMRN: (Amarin Corporation plc)

TRADING SUMMARY
Symbol Short At Short On Quantity Cover At Cover On Outcome
AMRN $5.72 02.04.2020 69,99,993 $5.20 02.04.2020 Profit
Total Number of Transaction: 14
TRADING MOTIVATION AND STRATEGY:
Amarin Corporation PLC is another healthcare related company operating in Canada. After
going through the insight of the company, I happened to encounter with the news that a law-
suit had been made against the company. Source:https://finance.yahoo.com/news/shareholder-action-
alert-schall-law-173000200.html . Therefore, without giving it much time, I shorted 69,99,993 shares
at $5.70/share and as expected the price went down withing moments and so, I covered the
shares at $5.20/share with good amount of return on this investment.

Screenshots of the transactions

8. TLRY: (Tilray, Inc.)

TRADING SUMMARY
Symbol Short At Short On Quantyity Cover At Cover On Outcome
TLRY $6.33 02.04.2020 69,99,993 $6.19 02.04.2020 Profit
Total Number of Transaction: 14
TRADING MOTIVATION AND STRATEGY:
Tilray Inc. is yet another healthcare based company. Therefore, after slight research, I shorted
69,99,993 shares at $6.33/share and as expected, the share price went down and I managed to
cover the share at $6.19/share. This was indeed a good deal to make slight bit of profit within
a very short time by investing specifically on those companies related to healthcare in this
world pandemic situation.

Screenshots of the transactions

 9. NRGD: (MicroSectors U.S. Big Oil Index)
TRADING SUMMARY
Symbol Bought At Bought On Quantity Sold At Sold On Outcome
NRGD $87.74 06.04.2020 14,99,999 $57.49 09.04.2020 Loss
Total Number of Transaction: 14
TRADING MOTIVATION AND STRATEGY:
Microsectors US Big Oil Index had a upward going curve when I saw it. Looking at the curve
trend, I thought that the curve would continue to go up. However, my prediction went horribly
wrong and I had to undergo huge loss of almost 33 million. Depending of the upward going
curve, I bought 14,99,999 shares at $87.74/share. The trades were closed from Friday to
Sunday. And Monday when trading started the price of NRGD already went down to
$57.49/share. So, I had to sell the shares at a very big loss of almost 33 million dollars.

Screenshots of the transactions

10. MCEP: (Mid-Con Energy Partners, LP.)

TRADING SUMMARY
Symbol Brought At Brought On Quantity Sold At Sold On Outcome
MCEP $0.14 02.04.2020 3,99,99,960 $3.25 01.04.2020 Profit
Total Number of Transaction: 80
TRADING MOTIVATION AND STRATEGY:
Mid-Con Energy Partners, LP is an energy based company. I found this company when I
searched the portfolio of the top ranked player of this game. I noticed that he had bought a huge
amount of shares of this company. It was already 7th of April, I was not supposed to make
anymore transactions after the deadline. Therefore, I thought to make a very big transaction
and leave it be for the rest of the days. So, I kept buying the shares of this company at
$0.14/share untill I managed to buy 3,99,99,960 on 07.04.2020 and kept checking the price
everyday and on 14.04.2020, I got the jackpot. The price of this share suddenly went up from
$0.14/share to $3.25/share. I immidiately sold all my shares on 14.04.2020 and made more than
180 million dollar profit with those transactions.
Screenshots of the transactions
Appenidx:
Screenshots Supporting Daily Portfolio