Trader’s Narrative

In his last Stock Trader TV video, Tony Oz shared some tips on how to win the CNBC Million Dollar Portfolio Challenge and mentioned that he was creating a separate website called WinDaMillion for videos he would be making dedicated to the CNBC contest. He has put up his first video now and not only does it have tips and tricks but it also has 6 stock picks:

And Tony also signed up for the contest himself (just before it closed on April 7th). Here he discusses his performance since April 2nd (bold is my emphasis):

I finally entered the contest on 4/2/2007 and for the first week I had a return of almost 20% - all that in just four trading days as the market was closed on Friday. I find it very interesting that in just four trading days, I was able to pass 96% of the participants. In case you didn’t know, this contest has been going on for 24 trading days so far. I also wonder how high I ranked for the week, I mean, was I even close to winning the $10,000 weekly prize? Unfortunately, CNBC doesn’t tell us that. It just gives an overall standing since the inception of the contest.

If you’re not all contest-ed out, TheStreet.com started theirs on April 1st: Beat The Street. It is a bit different from the CNBC Million Dollar Portfolio Challenge. There are 6 rounds. Each one consisting of 60 days and having a $100,000 USD prize money. But the biggest prize is that each of the 6 winners will actually get to have an interview with Cramer! And if you don’t win the prize money you have a pretty good chance of getting a consolation prizes like: ActionAlert subscriptions, Cramer books, and something called ‘Jim Cramer autographed bulls’ (I’m assuming they’re plastic schwag and not livestock).

The trick to winning stock trading contests is to read the rules and to adapt your strategy accordingly. From what I’ve seen, ‘Beat The Street’ has less stringent capitalization requirements than the CNBC Million Dollar Portfolio Challenge - so go for the small and microcaps that can pop!

Here’s this week’s video from Tony:

In the first part Tony provides a quick recap of the price action in the market indices last week. He uses Fib levels to show how they fell into support areas which halted their decline. Then he moves on to a specific stock: SMSI (featured in the first video). Tony explains in some detail why, after a breakout (price expansion), he waits for a pullback to support instead of just entering after a consolidation (contraction).

And finally, if you’re in the CNBC Million Dollar Portfolio Challenge, listen up! Tony will be starting a new website called Win Da Million (going live April 5th, 2007) where he will put his tips and suggestions for the CNBC contest.

Here is the second installment of the Tony Oz Stock Market Video Newsletter:

It features Jim Sugarman, the co-founder of International Day Trading Expo, along with Rachel and of course, Tony Oz. The show is still finding its feet with some audio hiccups, a bit of over-acting and some minor digressions. Personally I liked the ‘boring’ video from last week. Tony should be confident that traders are interested in his analysis and lessons without any ’spicing up’.

They refer to the CNBC $1 million dollar portfolio challenge with Tony promising to give some tips next week on how to win such contests.

If they get a lot of interest, they will be making this a daily video. So make sure to go to the Stock Trader TV site and sign up for free alerts. Also, keep sending Tony you feedback at Tony AT TonyOZ DOT com.

And if you haven’t yet watched the first one from last week, you can find the premiere of Stock Trader TV here.