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Re: [RT] Pivot Trading & Million Dollar Challange Results



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----- Original Message -----
From: tmullen43
Sent: Saturday, May 12, 2007 7:58 PM
Subject: RE: [RT] Pivot Trading & Million Dollar Challange Results

Jim

I am interested in getting more information on Pivot trading methodology and improving trading consistency

Thanks

Tracy


From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com] On Behalf Of Jim White
Sent: Saturday, May 12, 2007 9:09 AM
To: realtraders@yahoogroups.com
Subject: [RT] Pivot Trading & Million Dollar Challange Results

As a public demonstration of the Pivot Trading Methodology, I entered and just completed the CNBC Million Dollar stock trading contest.

Although the trading rules were not favorable to the Pivot Trading methodology (long trades only with entries and exits at day closing prices)the trading results were as follows:

75 of 90 trades profitable (83.33%)

4.14% ROI over a ten week period.for an equivalent yearly ROI 0f 21.52%.

This was considerably below the documented long term average return of about 3 % per month or 36% per year for the methodology.

This performance, of course, pales in comparison to the weekly winners of the challenge who had over 100% return by betting all on a small portfolio and lucking out.

Never the less, my goal of demonstrating the consistent performance of the Pivot Trading methodology was achieved.

For those of you interested in improving the consistency of you trading and would like additional information on Pivot Trading, please contact me privately.

Best Regards,

Jim White

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