Author Archives: Gary

Gold update: Recognition day in progress

I will extend the 50% off the first month SMT premium newsletter one more day. It will expire at the open tomorrow. Just click on the subscribe link at the top of the page to go to the premium website.

Registration for the 21 challenge now closed

I have 10 slots for the general public available. Email me at [email protected] to register.

The 2021 challenge 

Here are the rules:

Everyone starts with $100,000 in paper funds.

  1. You must email me within a minute of making your trade so that I can confirm price. I don’t care if you actually take these trades in your portfolio. These can be paper trades. I just want real time calls.
  2. Trading starts on Monday, although you don’t have to make a trade until you are ready.
  3. I need price and percentage of portfolio only. (I will calculate how many shares). Only price for closing trades. (ex: XYZ stock;10% of portfolio; Price $10.50)
  4. I will email confirmation by the evening of that day. If you don’t get confirmation from me send your trade again in case it got lost in the ether.
  5. No penny stocks (under $5.00) are allowed. I will allow ETF’s under $5.00.
  6. No options. Only leveraged ETF’s.
  7. No day trading. You can stop out for a loss on the same day as entry, but you can’t take a profit on the same day.
  8. No more than 10 positions at any one time. I don’t have time to track 40-50 positions.
  9. The challenge will run 12 months and end on the last day of December.
  10. Entry to the challenge is free.

prizes 

1st place: $500 cash, or a free one year subscription to the SMT, winners choice.

2nd place: $250 cash or 6 months free subscription to the SMT.

3rd – 5th will receive 3 free months SMT subscription.

To register you need to email me (preferably from the email address you are going to notify trades from) Include your first and last name. (I will only post first names and last initial to the monthly leader board.)

The 2021 Challenge registration is now closed.

Let the games begin.

A look ahead for 2021

What the heck I’ll run a half off sell to start the New Year. New subscribers only. Create a monthly subscription on the premium website (just click on the orange sign up today link) and I’ll rebate $25 back to your card for the first month.

This offer will expire at the open of trading Monday.

Winners of the 2020 challenge

  1. John B +132%
  2. Kelly K +67%
  3. Alex P +38%
  4. David C +25%
  5. Michael G +20%

I’m posting these a bit early but nothing is likely to change before the close today.

2020 was a tough year and most traders made zip or lost money. The markets were either too volatile, which is great if you are on the right side of the volatility but murder if you get one of the swings wrong. And many of the triple leveraged funds were eliminated making it almost impossible to recover from a loss on one of the wrong side of volatility trades.

Trading for next years challenge will start Monday morning. One change from last year is that I’m going to give SMT subscribers first dibs on entering the challenge. Once they are registered I will open any remaining slots to the general public. Stay tuned this weekend for registration details once I finish registering current subscribers.