The Kelly Hotline by Bob Bukowski
Vilar F. Kelly, CTA
142 Sleepy Hollow Rd
New Canaan, CT 06840
Contracts: S&P 500 and NYFE stock index futures.
Services: Daily entry/exit instructions via telephone recording and managed account trading.
Price: Hotline: 3 months, $300; 6 months, $500; 12 months, $900; Managed accounts: 6 months,
$600+$25 per roundturn commission.
Systems for trading stock index futures have much in common with leprechauns-they are both
mysterious creations, continually appearing, disappearing and reappearing on the path to the elusive got
of gold at the end of the rainbow.
In the case of the trading system distributed on Vilar Kelly's telephone hotline, something more than luck
of the Irish seems to be at work. Trading a single S&P 500 contract under Kelly's direction for the past 12
months would have netted $ 12,000 after allowing $ 100 per trade for commissions and slippage. Based
on an initial account balance of $10,000, that's an annualized return of 117% for the 54 trades signaled on
the hotline from March 19, 1986 until March 27, 1987. With a maximum drawdown of $3,550 plus a
total outlay of $900 for Kelly's advice, it was a very good year for the trader who rigorously took every
trade. Of course, last year doesn't necessarily say anything about what next year's results will be.