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.