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Million Dollar Portfolio Challenge:  Trades of the Day

Wednesday, 16 Jul 2008 | 11:48 AM ET

Nearly 1.3 billion shares and $13.5 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. The top currency trader has more than doubled his money making over $480,000 since currency trading began. Check out Sue Herrera'scurrency tips here and for daily currency updates, go tohttp://www.cnbc.com/id/22618039 .

Contest Widely Helds and Actives:

  • The top currency traderis currently holding the first spot in the overall leader board

  • Our currency leader continues to be profitable by making fast trades on the EUR/USD pair, holding positions for only minutes at a time avoiding large moves, as he managed to make massive profits chalking up another one day gain of almost $8,500

  • On Tuesday, the euro hit a record highagainst the dollar of $1.6036 per euro, according to Reuters Dealing data, but the 4.4% drop in crude oil prices helped the dollar move off its lows

  • USD/JPY continues to be popular, as one of our leaders racked up a one day gain of $20,000 in this pair, followed by another leader who made $10,000 closing out one position.

  • Although the most actively traded currency pairs remainthe EUR/USD, USD/JPY, and GBP/USD, the GBP/CHF cross entered the top 10 most actively traded currency pairs in the contest displacing the EUR/GBP cross

  • Sirius Satellite Radiois not in the Top 5 Most Actives, perhaps for the first time in the contest. However, Sirius continues to lead in the Widely Helds, followed by Raid Aid

    • The Contest Actives are dominated by Financialswith Ambac Financial (ABK), Washington Mutual (WM), Freddie Mac (FRE), and Fannie Mae (FNM) in the top 5

    • Industrialsrepresent 35% of the top Widely Helds, with Financialsat 25%

    Sample of Top Trades in the Leaderboard:

    • First Horizon Nationalif you bought on Monday before 4pET and held/sold on Tuesday, you made 16.87%
    • Washington Mutual if you bought on Monday before 4pET and held/sold on Tuesday, you made 11.76%
    • Evergreen Solar if you bought on Monday before 4pET and held/sold on Tuesday, you made 7.09%
    • State Street if you bought on Monday before 4pET and held/sold on Tuesday, you made 11.46%

      Sample of Losing Trades from the Leaderboard:

      • GGif you bought on Monday before 4pET and held/sold on Tuesday, you lost -5.98%
      • Mosaicif you bought on Monday before 4pET and held/sold on Tuesday, you lost -5.84%
      • Chesapeake Energyif you bought on Monday before 4pET and held/sold on Tuesday, you lost -5.57%
      • CF Industriesif you bought on Monday before 4pET and held/sold on Tuesday, you lost -3.66%

      Bets for today (July 16th):

      • Altera

      • Western Union

      • Lufkin Industries

      • Nordson

      • Gorman Rupp

      • Auxilium Pharmaceuticals

      • JA Solar

      • First Solar

      • SunPower

      • Energy Conversion Devices

        It's not too late to get started. You can still get in the game to win the grand prize or one of these greatweekly prizes . Click here to play.

        bythenumbers.cnbc.com

  Price   Change %Change
ALTR
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AUXL
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CF
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CHK
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FHN
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FSLR
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G
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GRC
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JASO
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LUFK
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MOS
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NDSN
---
RAD
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SIRI
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STT
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WM
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WU
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