IB College Olympiad $100,000 Winner Announced

Discussion in 'Events' started by Steve_IB, Mar 23, 2007.

  1. Brian Eckerly, 22, who won first place, received $100,000 in prize money. Eckerly recently graduated from Ohio State University with a degree in electrical and computer engineering. Eckerly traded a mix of stocks and options, using S&P 500 ETFs and the options on that, earning a profit of $294,190.

    “It was a contrarian strategy which looks to identify price extremes and then bet against them,” Eckerly explains in an interview with Advanced Trading. If the market has gone up too much, Eckerly would bet the market is going to retreat. “And if it’s gone down, I would bet that it’s going to go up,” says Eckerly, who has dabbled in looking for stock picks and short-term trading since he was seventeen.
     
    #21     Apr 15, 2007