CSUF News Service
Titans Soar in Investment Competition
CSUF Team Leads in Traders-in-Training Challenge
Oct. 30, 2014; updated Nov. 20, 2014
UPDATE: Team Tons of Fund led the competition until the very last day, finishing in second place. The team's efforts garnered a $20,000 donation to Cal State Fullerton, as well as $2,000 in trading accounts and an iPad mini for each team member.
Three Cal State Fullerton business students are leading the pack in the TD Ameritrade "thinkorswim Challenge," a virtual trading competition designed to teach the next generation of investors about engaging with the market.
The traders-in-training contest kicked off Oct. 13 and continues through Nov. 8. Teams were given an account, funded with $500,000 in virtual dollars, to trade stocks, options and exchange-traded funds. Nearly 250 teams from colleges across the country are participating.
Team Tons of Fund — Christopher Harraka of Yorba Linda, Curtis Morrow of Irvine and Brandyn Young of West Covina — has so far increased its account by 148 percent, earning $738,004 for a total of $1.2 million (as of Oct. 28).
"The competition so far has been very exciting as it started during the most volatile week in the market so far this year," said Young. "We have been leading since day two of the competition and have seen many competitors rise and fall throughout the process. For example, our closest competitor from the first week is now second to last. As of right now, we have a moderate lead in this competition and are changing our strategy of investing going forward."
Members of the team with the highest profit/loss percentage at the end of the challenge each receive $3,000 in a TD Ameritrade brokerage account and a 16GB Apple iPad Air; the team's campus will receive $30,000. The CSUF participants already have snagged one of the weekly $500 prizes awarded to each member on that week's leading team. Personally, the team is $1,500 ahead.