Search results

  1. F

    w00t! IB Trading Olympiad begins

    Here is what I have, which fits nicely with your $5,000 per week curve. Olympiad Ranking as of January 22, 2007 Rank Name Equity 1 Andreas Eckner $141,058 2 Poshen Loh $124,338 3 Jason Taepke $118,514 4 Kunghua Chang $117,696 5...
  2. F

    w00t! IB Trading Olympiad begins

    I'd say it's easier to win a few extremely high-risk trades over a short period of time than it is to consistently compound wins at any risk level. Admitting that, there could be huge returns anytime from now until the last day even if there aren't any accounts that grow consistently. I wonder...
  3. F

    w00t! IB Trading Olympiad begins

    Welcome, filsputin. I appreciate you stopping by. Would you mind sharing, in general terms, how your strategy works? I'm curious what time interval it trades, what markets it trades, and how much of the account it risks, as well as whatever else you're willing to share about it. I'm also...
  4. F

    w00t! IB Trading Olympiad begins

    princetontiger8 probably meant not that he himself was ranked third, but that a Princeton University student was ranked third. See here where IB lists a Matthew Hoffman from Princeton University as one of last years winners. As for my strategy, I don't have anything interesting to report...
  5. F

    w00t! IB Trading Olympiad begins

    Yep, I'm still in this thing, and more than happy to post about it too. I'm glad you're still interested. Over the past few days I've tweaked my strategy with the aim of making it less risky. It doesn't make as many trades now, and each trade is smaller. I would like to rank high in the end...
  6. F

    w00t! IB Trading Olympiad begins

    Grr, I come home to see I'm down to $99,000. That makes up my mind for me that I need to set smaller targets and even smaller stops so a few trades can't wreck my account. This weekend, I plan to backtest looking for high Sharpes instead of decent PFs with insane compounding.
  7. F

    w00t! IB Trading Olympiad begins

    No, no explanation. They just mailed me the link and said they revised the rankings. I see they added someone else in the revision too. I think I've rode out my first big drawdown. Since Wednesday, I've been performing alright. Now that I've had a chance to see my strategy trading live, I see...
  8. F

    w00t! IB Trading Olympiad begins

    IB has responded saying they are "looking into that, and will get back later," but I haven't heard a real response yet. More bad news for my balance. I did alright last night, but during the day today I lost 2 very ambitious trades, so I'm down to $105,500 right now. It's disappointing to...
  9. F

    w00t! IB Trading Olympiad begins

    Hello again. Yes, I'm still here. Yes, my name is Raleigh Cross. Yes, my strategy is doing poorly. No, I haven't blown my account yet. I e-mailed IB a couple hours ago asking why I'm not ranked, but they haven't responded yet. I was still at $118,000 until about 3:00 AM last night, but since...
  10. F

    w00t! IB Trading Olympiad begins

    Yes, definitely my strategy is risky. I'm investing my whole account at 20 times leverage. A single trade could change the balance anywhere from 1 to 5%. Obviously that's much more than I would risk with real money. But, I could, and still may, go as high as 40 times leverage without worrying...
  11. F

    w00t! IB Trading Olympiad begins

    Had some trouble last night. I was below $115,000 at one point, but I'm doing a little better now. Just closed a successful sell order. Looks like I got lucky with the strong consumer sentiment report; price moved 25 pips in 10 minutes. Rather than risk carrying a trade over the weekend, I...
  12. F

    w00t! IB Trading Olympiad begins

    Hey guys. Sorry, I wasn't very clear. I was trying to say that my code is completely hands off once it submits an order. That way I don't have to worry about power going out or internet going down or my 450 MHz beast of a CPU choking on Java. I haven't personally touched TWS except to check the...
  13. F

    w00t! IB Trading Olympiad begins

    I seriously thought about doing that, just for kicks. Another idea I had relies on how I think IB's paper trading works. If the paper trading orders are crossed with each other as well as with the real orders, then one account could place a buy for a ridiculously low amount and another account...
  14. F

    w00t! IB Trading Olympiad begins

    Another participant, nice! Sounds like it sucks for you that IB started a week late. I use both targets and stops. My computer is slow and my internet connection is spotty so I would be pulling my hair out if I had to rely on my code to exit a trade. I submit a basket order then rest until I'm...
  15. F

    w00t! IB Trading Olympiad begins

    I haven't really traded before. After I heard about the the Olympiad I spent a lot of time doodling on graphs and trying to come up with formulas. Eventually I realized that what I was after was very close to a stochastic oscillator, so I started building around that. Well, there's still a lot...
  16. F

    w00t! IB Trading Olympiad begins

    Hi, I'm still here, I just haven't been checking this thread enough I guess. After no replies for several days I figured it would fade into oblivion. In a word, no. A lot has changed since last week actually. IB hadn't set up the accounts correctly so they halted the Olympiad about an hour...
  17. F

    w00t! IB Trading Olympiad begins

    Who here is participating in the IB Olympiad? I saw an older thread where people were talking about entering, so I thought I'd start a new one where we could post how our applications are doing. I turned on my application at 6:00 this morning, and now, 10 hours and 6 trades later, it's...
Back
Top