Welcome to The PitMaster's PitNewsletter.

  
  

 Here's a reason to vote for Hillary,
she's a futures trader!!!

Ask Hillary how she turned $1,000.00 into
$104,926.00 in 18 months!!!

 

Hello everyone,

I thought I would take a break from our traditional technical talk this week and spin some political news for you!

I'm sure many of you have heard that Hillary trades futures.  I came across this article the other day and thought I would share the highlights with you.

The big story was sometime around 1994 when Bill was running for President, and of course the media had to get involved to find out how she made all that cash.  Most of the articles were concerned with the fact that Hillary invested 1,000.00 and turned it into 104,926.00 within two years.  Now that Hillary is running for political office herself, the story has once again resurfaced.

Of course, due to the fact that the trades were made so long ago, Hillary claims she does not have any record of the actual trades.  I have to believe that's probably fair to say, since it's been over 20 years since she was involved in the markets.  Most of us don't keep our records 20 plus years.

But, some of her monthly brokerage statements were found by the New York Times. (Now that's some fine investigative reporting.)  But of course, from their point of view they were looking for wrong doing, unfortunately for them, they could not find any.

It is commonly known that it is possible for a trader to make thousands and thousands of dollars in the futures market.  The question was not did she do it, but did she do it without being tricky or devious?

Here are some of the details, which were published in 1994 about how Hillary did it.  These articles come from the New York Times, the Wall Street Journal, the Washington Post, the Concord Monitor, the Associated Press and The Hillary Clinton Quarterly.  You can get more details about this article in a book entitled Futures 101 from Richard E. Waldron.

Summary:  Hillary invested between 1978 and 1980 for a period of eighteen months.  She used two accounts at two brokerages at two separate times.

Hillary invested her own money, got good advice and made her own decisions on trading. (I am startled she was able to do this, my web site was not even online at the time...smile, that was a joke!) No one traded for Hillary without her knowledge and consent, and there is no evidence that her account was improperly credited or that she received special treatment.

The bottom line profits earned by Hillary:

$26,521.00 .... 1978 .... three months, one account.
$72,436.00 .... 1979 .... ten months, two accounts.
$5,969.00 .... 1980 .... three months, one account.
------------------
$104,926.00  Combined profits in about sixteen months time.

This figure can be a bit misleading, because she also admits to having plenty of losses along the way, however she was successful in controlling them and yet in the end, her losses were offset by her profits.

1978:  Profit: $49, 069.00  Loss: $22,548.00  Net:  $26, 521.00
1979:  Profit: $109,600.00  Loss: $37,164.00  Net:  $72,435.00
1980:  Profit: $6,498.00  Loss: $529.00  Net: $5,969.00
-----------------------------------------------------------------------------------------
Totals: Profit: $165,167.00  Loss: $60,241.00  Net: $104,926.00

After an interview with Hillary regarding her trading, she mentioned that she also had some help and advice from a close friend.  She admits that most of her money was made in Cattle, but she says she also traded hogs, soybeans, lumber, and copper.  She also mentioned that she did both buying and selling of contracts (went long and short).

Whatever trading Hillary did, she did it on a part time basis because she was, at the time, a governor's wife and a practicing lawyer.  Hillary finally took her profits and became inactive, stating that trading the futures market was too hard on her nerves

OK now everyone...if she can do it, we can too.  Take a second look at those charts and let's go out there and make some money!!! (Yell this last sentence as if I am your football coach.)

Happy trading...
Lan H. Turner, a.k.a. The PitMaster

PS.  Don't forget to check out http://www.pitnews.com/.  We've got some interesting articles you've just got to see.

Copyright (c) 2000, The PitMaster.com, All rights reserved.


Remember, hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have over or under compensated for impact, if any, of certain market factors, such as lack of liquidity. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The risk of loss in trading futures and options can be substantial; therefore only genuine "risk" funds should be used in such trading. Futures and options may not be suitable investments for all individuals and individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option would result in a futures position.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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