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Always. Especially if your profit rate reaches a certain level in a real account. Nowadays, their A.I. can do it automatically for them. They do not need to take you out completely. They just need to do it until you get a 25% drawdown, then you would require a 33% gain effort to recover to...

Edge is only one component of a successful trader. Expectancy is not fixed number because winrate(statistical edge) can be a changing variable with time even you set a fixed risk/reward ratio. Even in an ideal scenario with a consistent 10% edge, how many traders can pass this test in 30mins...

For intraday scalping, take quick profits often especially when an impulsive move is in your favor. For investing or longer swing trade, ignore favorable impulsive moves and hold your position until the cows come home.

Yield spread also reaching same level as mar2020.

Is the 10 year yield a leading indicator for usd/jpy or vice versa? Does anyone pairs trade using these 2 instruments? I have heard fund managers mentioned that these are the 2 more stable instruments to get consistent results but what is the strategy? Mean reversion or something else?

Do you mean scaling out less/slower on your winners and cutting incremental losses slightly more/faster on your lossers so that there is a positive imbalance on a fully hedged trade? Sounds like a grid strategy from forex for breakouts with a predefined range. Problem is how do you anticipate...

1293 participants? So I am about top 10%? CME could email a consolation certificate in pdf format to top 15% traders who did not win a prize. "Congratulations, you are top 15% in this challenge!".

Good job.

Nice of you to inform traders about this challenge. It has been interesting to watch the top few leaders still trying so hard to improve their returns when all they had to do was to stop trading at $48k to remain at the top. The harder you try, the worse it becomes.

After trading for 1 to 2 hrs a day, cannot even enter the top 100. Hard to imagine if those leaders could actually make just half of their performance in real accounts. They can be better than Larry William whose tournament record was using real money...

Thanks for the encouragement. Yes, some of the leaders of the first 2 days have gone down in ranking significantly. However, there are new leaders that popped up with only 6 trades? Could be using the multiple emails method I mentioned. Anyway, glad to be still positive (capital preservation).

Maybe there is still a chance to be top 50.

UI is too slow for scalping but the performance of the participants are incredible. No way to even reach top 50 after the first day with a 2% return. Since only an email is required, participants could create many accounts. Long half of the accounts and short the other half at max leverage until...

End of the queue? Do you mean demo orders are actually part of the direct access system? Or are the orders sent to live and demo servers separately?

Yes, except for the first 100 shares where I buy it straight away for anticipated $10 gain besides waiting for put and call option premium to expire.

Have anyone here actually sold puts to buy shares as price drops? 1 put or call contract = 100 shares, understand?

The puts are in anticipation to be exercised to buy another 100 shares each time only if price drops by $10 for maximum of 3 times.

Only need $10 price gain for which my covered calls would be excerised

How is it $120k downside risk when I only buy 400 shares?