Nearly 1.5 billion shares and $20 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. The top currency trader has more than doubled his money making over $215,000 since currency trading began. Check out Sue Herrera's currency tips here and for daily currency updates, go to http://www.cnbc.com/id/22618039.
Contest Widely Helds and Actives:
Currency Traders have profited the most from trades in the USD/JPY , the EUR/JPY , and the GBP/JPY .
One of our top currency traders has made more than $30,000 in one day on trades in many of the most active currencies in the contest, including the USD/CHF , GBP/CHF , EUR/CHF , EUR/JPY , and CHF/JPY taking advantage of the carry trade.
-A carry trade is when a trader buys a higher-yielding currency (e.g. GBP at 5.00%) against a lower-yielding currency (e.g. CHF at 2.75%) to benefit from the yield differential (e.g. 2.25%). Trading these pairs can be profitable, but they tend to see quite a bit of intra-day volatility.
Sirius Satellite Radio continues its stranglehold on the contest Widely Helds and Actives.
- Industrials continue to represent 30% of the top widely helds followed by Financials at 25%.
Sample of Top Trades in the Leaderboard:
- Jabil Circuit if you bought on Tuesday before 4pET and held/sold on Wednesday, you made 15.63%
- Goodrich Petroleum if you bought on Tuesday before 4pET and held/sold on Wednesday, you made 2.90%
Sample of Losing Trades from the Leaderboard:
Sociedad Quimica Y Minera de Chile if you bought on Tuesday before 4pET and held/sold on Wednesday, you lost -6.75%
James River Coal if you bought on Tuesday before 4pET and held/sold on Wednesday, you lost -4.87%
Bets for today (June 26th): Dominated by Earnings
Lennar on earnings before the bell.
Worthington Industries on earnings before the bell.
Nike on earnings after the bell yesterday.
Research in Motion on earnings after the bell yesterday.
Park Electrochemical on earnings before the bell.
ConAgra Foods on earnings before the bell.
It's not too late to get started. You can still get in the game to win the grand prize or one of these great weekly prizes.
Click here to play.
