Beat the Street Names Its Winner for Week Two - TheStreet

Editor's Note: As stated at the conclusion of the first Beat the Street competition, TheStreet.com is committed to maintaining the integrity of the game and ensuring that all players have an equal chance to win. It is with that aim that contest entries in Beat the Street 2.0 have been monitored closely. As readers may have noticed, during the course of the second game it has been necessary to disqualify certain player portfolios. This has been done to ensure that the game is as fair, fun and as realistic as possible.

The winner of the second week of our

Beat the Street

game is a perfect example of how anyone can be a winner in this fantasy trading contest.

Player 'jbrizzi31' had a stunning 93% return, yet overall the player ranks in the 18,000s. Yep, the 18,000s. However, a few good picks helped push him to the front for week two -- and a $2,500 weekly prize.

There's still time for you take a

stab at the action

and be eligible for the $2,500 weekly prizes. In Beat the Street, players start with $100,000 of fictional money that they use to buy and sell stocks throughout the trading day. The contest runs for two months.

Now let's meet our second weekly winner, jbrizzi31; what are this trader's secrets to success?

What stocks have you traded most effectively and how?

I trade only oil stocks in the market because they're more predictable with seasons and world news. I'm a full-time Forex trader for about three years now and oil is a resource that affects other countries' currencies, so it's very vital to my trading strategy to stay on top of where oil prices are going and world events, news etc.

What is your style of investing?

I like to follow the big money especially in the forex market. If you watch it close enough and know what to look for, you can pick up on trends and see how the big money controls the market and makes most of its money off the little guy. I pick up on this and ride the wave! These trends I call windows in the market.

Do you primarily trade on the long or short side? Have there been any stocks that have been particularly good from both sides?

In the forex market, I trade both ways and stay on top of events or news releases that will affect the countries' currencies while following the big money in the market. In equities, I will only trade long while staying on top of the companies' latest news, development and management of the company.Pharmaceuticals companies are good stocks to trade both ways, especially where there is new drug research being conducted by the company.

How do you research your picks? Do you primarily use fundamental or technical analysis?

Mostly 90% of my trading involves research, so it's almost entirely fundamental trading. 10% of the technical side allows me so see breakouts, support and resistance levels on stocks and in the forex market. If we didn't have news in the markets, then in plain words the markets wouldn't move but run sideways. In a sideways market, no one makes money, so I focus on news not just in the U.S. but also China, London, Europe etc. And I stay on top of economies globally; this allows better judgment in knowing when money is going into and coming out of the markets.

If you win, what will you do with the $150,000?

I would take a vacation to my old hometown, San Diego! Then use the rest of the money to hold a hedge position in the forex market by drawing a better percentage on it than what the banks pay and toss some of it into my company

www.onewayfx.com in equipment.

What is the best investing advice you've ever received? The worst?

The best: Robert Kiyosaki of

Rich Dad, Poor Dad

. "Before you invest your hard-earned money into someone who promises you the world, find out how his personal portfolio is doing."

Another good piece of advice I learned from Kiyosaki was that the big money (big investors) have already bought the latest hot stock before it hits the papers and are the ones selling it to the small traders after it hits the papers. This is why following the big money in any market is so crucial because it moves the markets.

The worst:I can't remember the exact number of months, but it was maybe six months ago that word on the Street and among investors was that oil prices were heading down to $40-$50 a barrel and even lower. I remember even reading some articles about it. Huh, good thing I didn't fall for that one!

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