For ETF, we bought (short) DWIT,, VPU, Qld, UDOW and SSO.
Due to the fact that,
Iran deal had appeared possible with the USA and Saudi Arabia bombed Yemen, oil price hiked in USA. This incident led to DWIT (Velocity Shares 3X Inverse Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return) serge and we shorted this ETF. As it is a reverse ETF we estimated that price will go down. We made good returns from this ETF. We brought UDOW and QLD ETFs at the end of the day because we were mostly active traders. Those funds track Dow Jones index and NASDAQ index. So, we sold off all the assets of our portfolio and invested in safe funds. That is why we bought these ETFs and in the next working day we sold those funds and invested in other assets. What we did for ETFs was a mix of fundamental and technical analysis. At first we did not brought any ETFs and there was no end of the day strategy. So we incurred losses which could have been avoided. So , as precaution at the end of the days we started to buy ETFs mostly to avoid portfolio return fluctuations. Choosing those ETFs we mostly focused on 52 week graphs to come into a decision whether that ETF should be or not. We used technical analysis when we bought Google share. The beta was around 1.Googl, KRFT, Macys, PFE, PG; FB gave us more than 1% return when we traded them. As our strategy we looked at the 52 week than past several months graphs. We also considered the P/E ratio. Most importantly we focused on the range and beta. Several news and suggestions from marketwatch.com website helped us make a buy/sell decision. At first we started out buying stocks of hugely eminent and poplar companies. The problem we faced with this strategy was the share prices were high so we could not buy a large amount. And being eminent and strong company the price fluctuation was so low. Therefore, leaving little window to take advantage of the market. We began to think about other companies. As a result we started buying stocks of companies prices less than $100 and we bought in large numbers. Of course we made those decisions based on current news, analyzing rations and discussing with the group members. We also had some bad investments. These incidents made us reflect on the fact that: all investors, individuals as well as professionals, make investing mistakes. If we analyze our fifteen days working days, the first three days were we had negative return but it was less than 1% of our total equity which is $1,000,000. But from the fourth day till the eleventh working day, our negative return increased into -4.75% from mare 1.53%. So we made some aggressive moves..
The last 4 working days were turned out to be fruitful. We made positive returns and were able to hold onto those returns. The returns were: