6-Apr

Outperforming Mr Buffett – by Kerry

At the beginning of each quarter we allocate to each Spiker $1,000, which has to be traded according to several rules:

  • You must bet the entire account on that one trade per week.
  • You may trade only US stocks or sector ETF’s representing a basket of US stocks.
  • The stocks must have above 100,000 average daily volume.
  • You must open and close the trade within one week. You must do it each and every week, missing no more than four weeks per quarter.
  • If you end up at the bottom of the group at end of quarter you may be asked to sit the next quarter on the warming bench and may be asked to leave the group.

Trading is difficult enough, but each Spiker must abide by these rules, making their task even harder. They aim not only beat the market but outperform their peers in a friendly competition.

When you trade, you probably bet a portion of your account and carry multiple trades in order to reduce risk. You can change your mind and make your pick in the middle of the week.

Would you bet an entire account on one trade within a one-week window? I sure hope not. We ask Spikers to step up to the plate each and every week and make one bet that will work or not within a fixed time-frame. They cannot change their pick or the direction of the trade after submitting their pick by Sunday afternoon. They may only change their entry, stop, and target levels. They have an option to scratch the trade and wait to make their next pick until the following week.

We are sometimes asked about Spiker performance. One must look beyond simple percentage gains, as Spikers perform under constraints and rules listed above.

Spikers get only shot per week, and they perform amazingly well. Anyone can get a single lucky strike, but what about Spikers who perform week after week, and after 52 weeks deliver performance that outshines the SP500 and almost all mutual funds.

Look at these Spikers who delivered such performance over the past 52 weeks – during the most difficult trading environment of a lifetime:

Henry A 104.78%

Dave F 52.48%

Jeff P 46.35%

Pat L 37.46%

Grant C 35.80%

Ross P 31.69%

These six Spikers have demonstrated a phenomenal level of performance in this environment, under these difficult rules.

16 out of the current 18 Spikers outperformed the SP-500 over the past 52 weeks. 10 of them had positive results.

Meanwhile, at the top level, our top 6 Spikers have outperformed almost everyone in the financial industry, including the Oracle of Omaha himself , Mr. Warren Buffett.

Thanks!

Kerry

Leave a comment

Subscribe to Our Updates

Terms of Service | Privacy Policy | Refund Policy

SpikeTrade © 2024. All Rights Reserved.