Million Dollar Challenge Spotlight: Donald Tang
Senior Editor, CNBC
Here's a closer look at Donald Tang, one of our Million Dollar Portfolio Challenge contest finalists and a weekly winner (he was number 9). We have a video clip also--with an analyst--David Chalupnik from First American Funds head of equities--talking about Donald's contest strategy. Donald is one of 20 finalists competing for the $1,000,000 prize.
Donald is 24 years old and a trader by profession and he trades for both pleasure and business. Donald says his strategy was to: "play media consolidation, punt earnings, get lucky." If he wins the $1,000,000 the first thing he's going to do is "sleep." Guess the trading business is quite exhausting.
Donald became a contest finalist by having the largest percentage gain for one week. Nine others qualified by doing the same--and ten other people made the finals by having the highest portfolio value among more than 1 million registered contestants. The contest ends this Friday at the end of trading. The person with the highest portfolio value will be declared the winner.