Austin Passamonte Challenges all at ET to a $10K entry fee Contest!
- Thread starter version77
- Start date
I'm not trading for prize money... hence the donation to charity if it's $100k or whatever.
I made this offer directed squarely towards any & all ET posters who slandered me once or a hundred times. My sole purpose for trading live in here is to force their hands at walking their very own libelous talk.
Y'all can make side bets if you wish; the prize money does not motivate me one whit.
I made this offer directed squarely towards any & all ET posters who slandered me once or a hundred times. My sole purpose for trading live in here is to force their hands at walking their very own libelous talk.
Y'all can make side bets if you wish; the prize money does not motivate me one whit.
Austin, I appreciate your response to the challenge and will accept any type of contest you want. The WTC is not something I've put thought into but I will kick that around and think seriously about it. But no matter what I would not mind having a contest for the time period you have talked about and into 2007.
Any trading contest entered with the right attitude will only make us better traders, therefore let me know when we have the criteria you have mentioned and where to deposit the 10k etc..
Any trading contest entered with the right attitude will only make us better traders, therefore let me know when we have the criteria you have mentioned and where to deposit the 10k etc..
The eighth wonder of the world.
Ok, have the escrow acc't accept parimutual betting, unless we have a resident bookmaker here on ET who wouldn't mind setting things up.
I have a feeling this will never leave the ground, but I'm optimistic for some healthy competition.
Trimble, the WC contest is my own personal Mt. McKinley. I entered it in early Feb 2003 and led by late March with +300% gain trading ES alone. Then Iraq fell, volatility dried and my then method (oscillator reversals & divergence) dried up with it.
I've honed my skills since then thru all market conditions, in the eminis and FX alike. If I had entered the WC contest this year, my own personal results to date would have blown current leadership there a mile high. But, I didn't have life's ducks in a row for such a marathon quest.
I honestly believe a very good emini index (or currency) trader can methodically take $10k to well over $1mil in a year. I've had a couple of +500% months this year, and some +100% to +200% months trading primarily ER.
But... the inherent limitation is ER liquidity. I can take $10k to $30k ~ $50k in one - two months, then the growth curve trajectory stalls right out. Partial fills past 20-contracts stop me in my tracks.
It will take the ES and 100s of contracts to make the real big cash necessary at curve's end in late 2007. ER simply won't make it for me, unless volume & open interest double or triple.
The ES offers 1/2 to 1/3 of ER profit potential, hence the gaudy numbers in ER impossible to duplicate in ES without four - five times the relative contract size.
I could go on, but it's all relative to WC contest logisitics. None of it pertains to day-day trading. We'll leave that discussion for when the time comes. Between now and 12/15, I'm shooting for +1,000% gains in my account. Why? It's all about climbing the foothills in practice for Mt. McKinley.
**
Off to bed, hosting a week-long HotComm live trade workshop Mon - Fri. Gotta have my A-game working... full disclosure of ALL method tools while I trade my emini account in real-time, 50 clients along for the ride. Recording it all for client's posterity... nowhere for me to hide :>)
Please Take Great Care
Austin
I've honed my skills since then thru all market conditions, in the eminis and FX alike. If I had entered the WC contest this year, my own personal results to date would have blown current leadership there a mile high. But, I didn't have life's ducks in a row for such a marathon quest.
I honestly believe a very good emini index (or currency) trader can methodically take $10k to well over $1mil in a year. I've had a couple of +500% months this year, and some +100% to +200% months trading primarily ER.
But... the inherent limitation is ER liquidity. I can take $10k to $30k ~ $50k in one - two months, then the growth curve trajectory stalls right out. Partial fills past 20-contracts stop me in my tracks.
It will take the ES and 100s of contracts to make the real big cash necessary at curve's end in late 2007. ER simply won't make it for me, unless volume & open interest double or triple.
The ES offers 1/2 to 1/3 of ER profit potential, hence the gaudy numbers in ER impossible to duplicate in ES without four - five times the relative contract size.
I could go on, but it's all relative to WC contest logisitics. None of it pertains to day-day trading. We'll leave that discussion for when the time comes. Between now and 12/15, I'm shooting for +1,000% gains in my account. Why? It's all about climbing the foothills in practice for Mt. McKinley.
**
Off to bed, hosting a week-long HotComm live trade workshop Mon - Fri. Gotta have my A-game working... full disclosure of ALL method tools while I trade my emini account in real-time, 50 clients along for the ride. Recording it all for client's posterity... nowhere for me to hide :>)
Please Take Great Care
Austin
