Equities, preference shares, debentures are fine but what is commodity trading? Well, that was answered in the first meeting of Trade Club. Seniors had arranged a mock trading session which was an experience in itself.
It all started with confusion and wierd questions from all and sundry. I am sure the coordinators had a tough time answering our queries. We got Rs. 10 per group. That added to the confusion. What can you possibly do with 10 bucks? And then, trading in crude oil and gold sounds good, but trading in chillies, pepper and sugar made us feel like kiryana store. But everybody was excited because our respected seniors had arranged for movie tickets at Inox for the winners. You game? Hell yeah!!!
And then the game started. As the first slide came, every group was involved in ‘deep analyses’ of what to buy and what to sell. With every passing slide, the anxiety increased and no one wanted to miss any hint. People were shouting at the top of their voices and we could get a feel of a real trading house, as if millions of dollars are at stake. We had to apply our basic knowledge of demand and supply to guess the change in prices. Yes it does sound like an easy job but believe me it’s easier said than done. We had to make sure not only to make profit but also ensure maximum gains. Around 12 groups were fighting for that coveted prize.
Gold and crude oil were pricey investments but returns were high. Prices of spices fluctuated a lot and were comparatively risky. The 12-round game gave enough opportunities to make right a few wrong decisions taken here and there. In the end we calculated the profits and team ‘Commodiators’ emerged as the winners.
It was truly a commendable effort put in by the Blash coordinators. The purpose of the game was to give a feel of ‘live trading’ and I would say that it achieved its purpose. It is important to keep a track of all the happenings around the world because now I know that as the winters start in USA, I need to put in more money in crude oil.
Praveen Dhawan
MBA(IB) 2007-09
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