I tried it, had to take a crazy test and it was so mind-numbing I fell asleep during it.Then I got to join up, and it takes so long to go through their trading platform that the price moved away during the process, so I was pretty much restricted to market buy/sell, if I wanted to get filled. Really frustrating. I made $13.75. Wonder where I stood in the rankings of people trying their platform for the first time? I thing ES was about bottomed when I finally got through all the crap described above, so assuming it took everybody else that long, Anybody going long(from that point) probably did OK.
Anyone taking the CME's Trade Against a Pro Trading Challenge (in less than 30 minutes from now)?
- Thread starter schizo
- Start date
They are marketing micros to all the average joes in lockdown who will fall into the trap thinking they can achieve financial freedom trading.
I don't understand what's the point of trading max 10 contracts though...
10 contracts dow is 200k$+ position, while russel is like 12k$...
Haven't seen any thing at the CME Group stating one can trade the Micros and achieve financial freedom.
The most direct statement I've seen at the CME Group is the following...
Fine-tune your U.S. Equity Index exposure with CME’s portfolio of products and capitalize on deep liquidity in futures and options on the benchmark S&P, Nasdaq-100, and Dow indices; flexible access to suit your trading needs nearly 24 hours a day; and counterparty credit guaranteed by CME Clearing.
Another one
Learn about the futures and options markets with a variety of courses designed to help you at each stage of your trading journey. Whether you are brand new to the derivatives market, or an experienced trader looking to sharpen specific skills, our courses will help you deepen your knowledge and improve your understanding of our markets.
Not sure how any of the above would lead one to believe they can achieve financial freedom.
Yet, I do notice more emphasis by the CME Group (started late 2017) trying to encourage users to make use of their risk management tools and Analytic & Trading Tools. Further, I notice back in 2017 a more effort by them to market their products to Universities in which they have trading competitions just for University trading teams.
In fact, I'm wondering if these trading competitions at the CME Group is an effort to begin competing with the Rotman International Trading Competitions (once per year) because Rotman is heavily sponsor by the worlds largest financial institutions via direct @ https://ritc.rotman.utoronto.ca/information1.asp?n=4 (many not listed) and indirect sponsors already providing professional trading rooms to students at the following universities @ https://ritc.rotman.utoronto.ca/information1.asp?n=2
In fact, I personally know a few that have used these trading competitions to secure internships and jobs at the world's largest financial institutions as traders in particular departments. Actually, I do know a few students at Northwestern University and University of Chicago that regularly compete in these CME Group trading competitions...performing very well...usually on the leaderboard.
Thus, in away, it can help with employment along with your degree.
wrbtrader
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I haven't logged into my dashboard to see this challenge, have no interest. What is the amount of cash in the account on this one? If it is 10K, the 10 contract limit makes sense. If it is 100K, the 10 contract limit still makes sense, heh.