Saint-Leonard, Quebec’s John Wayne Trinh won the 2019 Horizons ETFs Biggest Winner trading competition after scoring an 18.88% cumulative return over the six-week period.
Trinh relied on precious metals ETFs to beat out more than 2,600 competitors in the ninth annual contest. He won a $7,500 grand prize.
The competition gave entrants $100,000 in fantasy funds to place simulated trades on Toronto Stock Exchange-listed ETFs. It ran from May 6 to June 14.
“The S&P 500 and other market indexes were following a downward trend in May,” Trinh said in a release. “Since the market was bearish, I decided to be bullish on gold and silver (precious metals) and bearish on oil.”
Nigel Roberts from Kelowna, B.C. won $2,500 for finishing second with a cumulative return of 18.20%.
The contest was presented by Horizons ETFs and National Bank Direct Brokerage.