Congratulations to the Winners of the Official January Contest at HowTheMarketWorks.com
Congratulations to the top three traders in last monthís official January Contest at How The Market Works. The contest ran from January First through the 31st, with each trader starting with $25,000 virtual trading cash. The trader that earns the most by the end of the month wins. Letís take a look at the top three traders from January.
Trader Andrew was able to increase his profits by an exciting 44.6% over the month. In December, Trader Dennis came in third place and this month moved up to the number two spot. He increased his gains by a remarkable 163%. But the big winner was Trader Spongey, who came in second place in Decemberís contest. He booosted his money by an awesome 1,221.1%
Letís take a closer look at the trades these winners made. Trader Andrew made relatively few trades this month. He traded 3M Company (MMM), BP PLC (BP) and Appell Pete Corp (APPL). In fact, he didnít start trading until the second week of the month. It just goes to show that you donít have to start trading on the first of the month to see great returns and secure a top spot.
Meanwhile, Trader Dennis went from third place to second place by trading IntelliPharmaCeutics International Inc (IPCI), Ziopharm Oncology Inc (ZIOP) and Clinical Data Inc (CLDA). His trades also included Hyperdynamics Corporation (HDY), Warner Music Group (WMG) and more. Trader Dennis made many more trades than Trader Andrew this month, but both were able to increase their gains substantially.
As for Trader Spongey, how was he able secure the top spot? Companies traded included Orexigen Theraputics Inc (OREX), Rediff.com India (REDF), Shen Zhou Mining & Resources (SHZ), Rare Element Resources, Ltd (REE) and Local.com Corporation (LOCM). However, most of his trades for the month were for Rediff.com India (REDF).
Thank you to all who participated in Januaryís contest, visit WallStreetSurvivor.com to view all of the trades from last monthís winners and join Februaryís official contest. Traders can also join other contests or start their own.
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