Calling all the Elitetraders! USIC 2023 Opens Next Week!

[Rams Fan]

I am not in any way, shape, or form affiliated with or have a financial interest in the Unites States Investing Championship. Unlike the Robins contest, this contest requires the trader to name the account(s) to be used for the purposes of computing one's return at the outset.

Where all the elitetraders at? Anyone here going to give it a shot?

Financial Competitions (financial-competitions.com)

You'd be in good company.

 

[hilmy83]

Cool. I was only familiar with the other competition where they give you a bull/bear trophy. But you had to have an account with their brokers.

What do you get if you win this other than your name on the site?

 

[Sekiyo]

Cool. I was only familiar with the other competition where they give you a bull/bear trophy. But you had to have an account with their brokers.

What do you get if you win this other than your name on the site?

Notoriety to sell more products and services.

 

[Scataphagos]

A heads up.... You may need to have your account open and funded by 12/31, to avoid being disqualified. Had that happen to me once when I got the money transferred into the account on Jan 2. (Wasn't identified until final results were tabulated at end of contest year. I was notified I'd been disqualified from a 3rd place finish in the MMVR because my money wasn't deposited into the account on time..)

 

[MarkBrown]

i have a competition every day here at my desk lol i don't need to go looking for distractions. m

 

[Rams Fan]

A heads up.... You may need to have your account open and funded by 12/31, to avoid being disqualified. Had that happen to me once when I got the money transferred into the account on Jan 2. (Wasn't identified until final results were tabulated at end of contest year. I was notified I'd been disqualified from a 3rd place finish in the MMVR because my money wasn't deposited into the account on time..)

I believe that that has been changed and you could theoretically enter the 2022 contest today if one were foolish. However, it is incumbent upon the trader to notify the contest admins of the date of funding.

What do you get if you win this other than your name on the site?

One could certainly leverage a top performance in one of the divisions to raise capital for a fund. As @Sekiyo noted, if one is of the vendor sort it would certainly provide credibility for the sale of a trading course, trading room, etc.

An elitetrader would want to compete and win for no other reward than the bragging rights, I would think.

 

[Rams Fan]

i have a competition every day here at my desk lol i don't need to go looking for distractions. m

Plenty of voices in my head to keep me busy as well. But this being elitetrader, I figured some of the these highly successful, competitive, lean, mean trading machines would want to join up and put their prowess on public display.

I wonder if any ET members ever placed in this contest?

 

[Scataphagos]

I believe that that has been changed and you could theoretically enter the 2022 contest today if one were foolish. However, it is incumbent upon the trader to notify the contest admins of the date of funding.

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One could certainly leverage a top performance in one of the divisions to raise capital for a fund. As @Sekiyo noted, if one is of the vendor sort it would certainly provide credibility for the sale of a trading course, trading room, etc.

An elitetrader would want to compete and win for no other reward than the bragging rights, I would think.

Years back it was that way. If you entered late you just had less time to accumulate profit, hopefully.

But later on, things changed (now apparently that was temporary). The SEC and Zadeh were going round-and-round about his publishing results in IBD and Barrons. It was the SEC that mandated disqualification if the money wasn't in the account by Dec 31 before the start of the contest.

 

[Rams Fan]

Years back it was that way. If you entered late you just had less time to accumulate profit, hopefully.

But later on, things changed (now apparently that was temporary). The SEC and Zadeh were going round-and-round about his publishing results in IBD and Barrons. It was the SEC that mandated disqualification if the money wasn't in the account by Dec 31 before the start of the contest.

I see that on the website they use time weighted return. That would allow one to start anytime one wanted to start. Also, it allows for the addition and withdrawal of capital, which probably was a no-no when you were in the competition.

 

[Scataphagos]

Plenty of voices in my head to keep me busy as well. But this being elitetrader, I figured some of the these highly successful, competitive, lean, mean trading machines would want to join up and put their prowess on public display.

I wonder if any ET members ever placed in this contest?

I entered the contest several times. In the beginning they had various categories (stocks, bonds, mutual funds, option... others?) And there were $$ amount categories of $5K, $50K and $500K.

I always entered "mutual funds"... had a 2nd and a 9th in the $50K contest, and a 3x, 1st places in the $500K. (All 3 in one year... mutual funds overall, $500K mutual funds, and $500K overall.) Then Zadeh came with MMVR... Money Manager Verified Ratings... "$1 Million to enter, trade anything and any way you want." My disqualification from a 3rd place finish mentioned earlier was in the MMVR. The next year Zadeh and the SEC were wrangling again and the contest was terminated about mid-year. Zadeh returned everyone's entry cost (then, $700). I think that year I might have had a 1st place again... ended with $144% gain which was higher than ever recorded up to that date... prior high, 108%.

The contest is legit and a good thing!

There's at least one other USIC winner on ET... in the Options division. He's rather private and doesn't post much. (I'd reveal his handle but he'd probably give me the "stink-eye" for doing so.)