I have a new addiction now, it's called Second Life. What fascinates me about Second Life is that it has its own in-world economy that functions using Linden dollars, which are exchangeable for US dollars. What's even more interesting, is that businesses can be launched in Second Life with very little capital. I would think that this would be a great educational tool for business students at universities. You want a good grade in Entrepreneurship 201? Start a business in Second Life and show consistent profitability by the end of the term. One entrepreneur in Second Life is reported to have been worth more than one million US dollars if her holdings had been converted from Linden dollars to US dollars at the time of the report.
What I've been doing for the past week, is developing a business in Second Life. I have figured out how to automate it to some degree so that going forward, it should take much less time to operate. It's been started with zero capital, so my risk to reward is quite large as the amount at risk is zero. The initial goal is simply to generate enough profit to pay for premium membership for one year. It looks like it may take awhile.
Meanwhile, back at the HKFE, I spent the last week plus one day in simulation mode because it was the transition week from February to March contracts. That appears to have been a mistake because the high frequency system was profitable everyday that week, including the preceding Friday. The opportunity cost for me to have been out of the market for those days, was 7,750 HKD, assuming that I would have gained as much had I been trading with real money.
So today, I traded the high frequency system with real money and I am happy to report a profit on the day. The net gain in real money was 1175.20 HKD.