V.5:7 (245-246): The Kelly Hotline by Bob Bukowski

V.5:7 (245-246): The Kelly Hotline by Bob Bukowski
Item# \V05\C07\053kell.pdf
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Product Description

The Kelly Hotline by Bob Bukowski

Vilar F. Kelly, CTA 142 Sleepy Hollow Rd New Canaan, CT 06840 (203) 966-2153

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.

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