May 1 (Lagos) - Aluta won the Easter Bonanza stock trials competition which ended on April 17th but it was very close contest as Badmus gave him tough competition right until the final day.
Aluta secured ROI of 17.98% while Badmus finished on 17.68%, that's how close it was. This is a testament to how far easykobo stock trials has come over the years in investor empowerment and our recently rolled out Version 2.0 adds a social media integration on the platform which connect investors and traders from Nigeria.
Let us hear from the winners and find out how exactly they achieve such a high ROI at a time which can be safely described as very bearish. We spoke with the winners via email.
1) Who is Aluta, where are you from, what do you do?
my name is chikezie nwachukwu, I am from Abia state,presently in business. I am 36 years old.
I am glad to be the latest winner of your game.to start with,big ups to Mr badmus for a good well fought game.
2) What strategy did you use to get such a high ROI and what stocks did you buy?
My strategy is to focus more on low cap stocks with a p.e ratio of not more than 10. I realised that the periodconsideration for the game is short,so using fundamental analysis may not work fine because stocks takes time to reveal their full value.so I picked a fundamentally good stock,then I used trend analysis.
easykobo historic price trend of stocks helps a lot in technical analysis. Some of the stocks I bought were fidelity, fcmb, sterling , transcorp, zenith, gtb, access bank,and chams(for speculation).
1.ROI of 17.98 is not an easy task,we noticed that consistency pays, if you can pull a trade of 0.5% gain today and another 0.4% tomorrow,then you are on track.
3) What advice do you have for young investors out there?
speculation is not good for the body oo, and no matter how sure you are before a trade don't go in 100%.
4) What advice do you have for easykobo?
I have been using easykobo for 3 years now, as I said early, I have never seen anything like your historic trend where you give us daily price of stocks dating back to 10 years! It is the best in Nigeria
We once again congratulate Aluta for participating and winning the Easter Bonanza Stock Trials Competition.
Mr. Badmus Kehinde as mentioned earlier finished in second position and narrowly missed out on winning again as he did in 2015 stock trials. At that time he was in UNILAG so let us hear from him.
1) How did you manage that 17.68% ROI in a bearish period of market?
"In both bearish and bullish market there are always opportunities,in a bear market you search for stocks that have gotten to their lowest low or almost and that stock must have positive results but due to bearish sentiment s in the market it get low ,you can also position in stocks that have bounce from loss position to profit because speculators tend to watch for that stocks,
2) What is your advice to new investors out there?
My advice for young investors is that they should use easy Kobo platform to learn about how to trade in stocks ,with the believe that they are using their real money and not virtual cash, because it will give them good understanding about how the market works.
We congratulate you on your performance and wish you all the best in future investments.
The next season of the stock trials will start later this month so time to start sharpening your investment skills.