Congratulations to the Winners of the Official May Contest at HowTheMarketWorks.com
Congratulations to the top three traders in last month’s official May Contest at HowTheMarketWorks.com. The contest ran from May First through the 31st. The winners had a great month, all of them were able to increase their gains by at least 198%. Each trader started with $25,000 virtual trading cash. The trader that earns the most by the end of the month wins.
Trader Dennis ended the month with an impressive 198.2% gain. Just ahead of him was Trader Mr. Burns in second place, who finished in second place last month as well. He increased his trading cash by 320.8%. The trader to finish in the top spot was Trader Michael, who increased his pot by an astounding 548.6%!
So, which stocks did these traders focus on? Trader Dennis traded Genetic Technologies, LTD (GENE), Spectrum Pharmaceuticals, Inc (SPPI), American Axle & Manufacturing Holdings, Inc (AXL) and AXT Inc (AXTI). Many of his trades were short sales and covers.
Meanwhile, Trader Mr. Burns maintained the number two spot by trading many of the same companies as Trader Dennis, such as Genetic Technologies, LTD (GENE), Spectrum Pharmaceuticals, Inc (SPPI), American Axle & Manufacturing Holdings, Inc (AXL) and AXT Inc (AXTI). He also traded Hercules Offshore, Inc (HERO) and Newpark Resources, Inc (NR).
In the pole position came Trader Michael, ending the month with an impressive $162,142.82 or 548.6%. He traded extensively and his companies included QLT, Inc (QLTI), GT Solar International, Inc (SOLR) and Yongye International, Inc (YONG).
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