Comments on: CNBC Million Dollar Challenge http://www.daxdesai.com/2007/04/20/cnbc-million-dollar-challenge/ High Return Investing with Dax Sat, 22 Jan 2011 18:41:16 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Dax Desai http://www.daxdesai.com/2007/04/20/cnbc-million-dollar-challenge/comment-page-1/#comment- Dax Desai Thu, 26 Apr 2007 01:19:10 +0000 http://www.daxdesai.com/2007/04/20/cnbc-million-dollar-challenge/#comment- Tomorrow should be good once it recalculates performance. I had a good trade with Goldman Sachs (both in my real portfolio and the CNBC challenge). I think I'm going to hit top 2% tomorrow. Million Dollar Challenge & selling my Apple options tomorrow. Can't wait! Tomorrow should be good once it recalculates performance. I had a good trade with Goldman Sachs (both in my real portfolio and the CNBC challenge).

I think I’m going to hit top 2% tomorrow.

Million Dollar Challenge & selling my Apple options tomorrow. Can’t wait!

]]> By: Today’s Stock Trade » Dax Desai.com http://www.daxdesai.com/2007/04/20/cnbc-million-dollar-challenge/comment-page-1/#comment- Today’s Stock Trade » Dax Desai.com Wed, 25 Apr 2007 06:41:17 +0000 http://www.daxdesai.com/2007/04/20/cnbc-million-dollar-challenge/#comment- [...] CNBC Million Dollar Challenge [...] [...] CNBC Million Dollar Challenge [...]

]]> By: Dax Desai http://www.daxdesai.com/2007/04/20/cnbc-million-dollar-challenge/comment-page-1/#comment- Dax Desai Tue, 24 Apr 2007 15:37:32 +0000 http://www.daxdesai.com/2007/04/20/cnbc-million-dollar-challenge/#comment- I agree with your complaints whole-heartedly! I usually stick to my normal trading style however and pick stocks accordingly for the challenge. That's probably why I'm not in the top 1%!!! I don't bet on hit-or-miss in my personal portfolio and don't want to taint my trading style by "practicing" in a contest too aggressively. Remember... If you lose 50%, you have to go up 100% just to break even. Preservation of capital is everything! Recent Trades: (IBN) ICICI Bank [6.7% gain in 4 trading sessions] 4/19/07 - Bought @ $42.37 4/24/07 - Sold @ $45.21 (GS) Goldman Sachs 4/24/07 - Bought @ 221.80 OPEN - Sold @ OPEN POSITION I had 2 more trades, but then what would I put in my newsletter?! Stay tuned and sign up to get more trades. I put my down trades too so you can make an honest judgement of my stock trades and ideas. I will also have other alternative investment ideas. I agree with your complaints whole-heartedly!

I usually stick to my normal trading style however and pick stocks accordingly for the challenge. That’s probably why I’m not in the top 1%!!! I don’t bet on hit-or-miss in my personal portfolio and don’t want to taint my trading style by “practicing” in a contest too aggressively.

Remember… If you lose 50%, you have to go up 100% just to break even. Preservation of capital is everything!

Recent Trades:

(IBN) ICICI Bank [6.7% gain in 4 trading sessions]
4/19/07 – Bought @ $42.37
4/24/07 – Sold @ $45.21

(GS) Goldman Sachs
4/24/07 – Bought @ 221.80
OPEN – Sold @ OPEN POSITION

I had 2 more trades, but then what would I put in my newsletter?! Stay tuned and sign up to get more trades. I put my down trades too so you can make an honest judgement of my stock trades and ideas. I will also have other alternative investment ideas.

]]> By: john anthony http://www.daxdesai.com/2007/04/20/cnbc-million-dollar-challenge/comment-page-1/#comment- john anthony Mon, 23 Apr 2007 15:25:50 +0000 http://www.daxdesai.com/2007/04/20/cnbc-million-dollar-challenge/#comment- Wow, you're doing awesome with that much cash on hand! I was up there too a couple weeks ago and just checked back and am ranked 94,325 (top 9%). It's a fun little contest to participate in, but my only gripe is that it's not as realistic as I'd like it to be. They have no regulations besides the $500MM minimum market cap. The only way to win this thing really is by investing it all in 1 stock... and it has to be a big mover - so either a small biotech or maybe by playing the earnings game and piling in the night before earnings. Either way, great job so far! Wow, you’re doing awesome with that much cash on hand! I was up there too a couple weeks ago and just checked back and am ranked 94,325 (top 9%). It’s a fun little contest to participate in, but my only gripe is that it’s not as realistic as I’d like it to be. They have no regulations besides the $500MM minimum market cap. The only way to win this thing really is by investing it all in 1 stock… and it has to be a big mover – so either a small biotech or maybe by playing the earnings game and piling in the night before earnings.

Either way, great job so far!

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