Jim
I am interested in
getting more information on Pivot trading methodology and improving trading
consistency
Thanks
Tracy
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.