Business

Sunday 11 December 2016

Top trader proves slick with oil punt

Published 17/04/2011 | 05:00

Congratulations to John Holohan, who has won the Delta Index Trading Challenge by making over €750,000 in six weeks by trading crude oil, currencies and the S&P index.

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He bagged the top position with his last trade, which made him an enormous €346,315 profit as he bet that the oil market would fall. He bags a trip to see David Drumm's house in Cape Cod, with a side excursion to New York to check out Wall Street.

Other notables in our top 10 include David Boles, who put in a stellar performance trading oil and silver, and James Horan, trading gold and currencies.

All the top 10 traders put big bets on highly volatile markets, proving that it pays to keep your head while all around you panic. To trade for real, or just to find out more about trading, call Delta Index to arrange a free one-to-one tutorial.

In the celebrity stakes, Dragon's Den stalwart Norah Casey took top prize after her 'Hail Mary' trade on silver helped her to surge into first place in the closing hours of the competition.

She narrowly nosed out Mario Rosenstock, who suffered as the oil market fell off in the early part of the week. He had led since the start of the competition, and no doubt he can see the funny side. If not, oh well.

Norah finished with over €54,000 in her account having started with just €20,000. Another great performer was David Gillick, who finished third with €27,310.

Aisling O'Neill and Sinead Desmond also put in good performances, finding their inner traders with some good retail and index trades. Norah wins a €1,000 donation to her favoured charity.

Sunday Indo Business

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