And the winners are…
By Yinon Arieli | January 7, 2008
Last week we celebrated the
beginning of 2008 and the end of two very exciting competitions: the fourth
quarter competition and the last
monthly competition of 2007. As I already said in the past, the main indexes went down during this period; but let’s forget about the (boring) indexes and focus on the really interesting activities which occurred in Yalicoo.
The
quarterly
competition was a hit; Fred, the winner of this competition, earned an amazing return of 30.1%! getmoney and HKN, which were ranked 2nd and 3rd, also yielded an impressive return of 26% and 19%. I’m watching all the players, and especially these three winners, every day. It will be hard for me right now, after the competition has already ended, to quote all the great (and timely) buys and sells that they performed during the quarter.
Actually, I could write down all their trades and make a clever analysis, but since each one of them has traded so many stocks, this would make this newsletter much too long… But, if you want to know “how did they do it?” the answer is very simple; they are EXPERT traders. They know how to read and evaluate the market, how to wisely choose winning stocks and more importantly – they know when to sell them. Sum up all of these factors and you get the 20-30% returns they hold.
I may be repeating myself here, but just think about the profits you could generate to your own real money portfolio by copying their trades. And by adding your own favorite stocks to this portfolio, you could increase your returns even more.
Our community is beating the market!
The results from the latest
monthly competition are no different. Here are a few amazing facts from this recent competition:
- The winners: victheslick (19.6%), QueenPortfolio (9.4%) and TheBreeze (9.3%) are the final winners with very (very) impressive returns.
- This
monthly competition brought in almost 500 players!
106 players had a positive return at the end of the competition (almost 25% of the players), while the main indexes fell 4-6% during the last month.
- About 10 stocks which yielded a positive return throughout some period of the month were held by many players (from a rough examination).
- I was ranked somewhere between the places 350-400…
Besides the fact that I’m a lousy trader, I have a point here. This time I tried to trade on my own; I didn’t check what other players were choosing, thus I didn’t hold the 10 winning stocks and other profitable stocks held by other traders. This is the main reason why I was ranked so low.
Moreover, the fact that about 10 great stocks were held by so many players and the fact that more than 25% of Yalicoo’s players beat the indexes lead to the conclusion that following the leaders does work. It’s not only a phrase; the Yalicoo community shows that by learning from other players and
sharing ideas, not only does the entire group gain positive returns, but each one of the competitors themselves can earn a big profit.
Amazingly, these results show that even if you had followed the players ranked between places 50-100, you would have still beaten the market (and in this case, without losing any money since the market had negative returns). Moreover, if you spot the leaders from the beginning of a competition (which is not that hard) you could not only beat the market, but also make impressive gains for your portfolio.
The bottom line here is that you have a unique platform to improve your returns.
Use it, and use it wisely!
(Next week I’m also going back following the leaders…!)
|