CME "Trade Against a Pro" Trading Challenge - December 8th Sunday - 13th Friday

wrbtrader · Nov 30, 2019

comagnum said:
I suppose some could do both - for me it just comes down my own personal trading rules, routines, & rituals.

I tried to do both in the March 2019 trading competition. Unfortunately, I was not able to do both...it resulted in me only trading 2 days of the 5 day trading competition. I just wasn't willing to forfeit time devoted to my real money trades.

In fact, at the time of my last trade...I was 25th on the leader board and didn't take another trade after that. Others that were still trading were able to catch up and my final result was 144th out of 1680 traders.

I only traded Emini ES futures and Brent Oil BZ futures. In contrast, the big movers on the leader board were trading Platinum PA futures, Palladium PL futures and Emini ES / NQ futures.

Yet, one odd trading I saw was that the leader board had a lot of traders trading the Brent Oil BZ futures and then the same leaders switch to Platinum PA futures and Palladium PL futures.

In fact, the 1st place winner...most of that individual's trades was PA and PL. 2nd place finisher mainly traded Emini ES / NQ futures and 3rd place finisher mainly traded Emini ES / RTY futures. 4th place finisher mainly trader NIY and ZW futures.

wrbtrader

cjfromla · Dec 1, 2019

wrbtrader said:
CME Group Trade Against a Pro Trading Challenge

Hashtags: #cmegroup #cme #trading #markets

December 8th Sunday - 13th Friday 2019

This is a notification about another CME Group Trade Against A Pro Trading Challenge competition. I myself will not be competing in the competition due to health reasons (currently recovering from a recent surgery). In fact, I believe the CME Group has had few of these types of trading competitions this year so far involving the Trade Against A Pro Trader.

Also, the CME Group has other trading competitions such as a tournament for those that trade the Micro E-mini futures. I recommend you register with the CME to receive alerts about the trading competitions.

I've competed in one trading challenge (Trade Against A Pro Challenge) back in March 2019 thanks to the notification by futures.io member snax but will miss this one due to recovering from a recent surgery. I finish 144th out of 1,680 trading competitors. My user name in trading competitions is Matoskah Akecheta.

More information about the December Trading Competition @ https://www.cmegroup.com/futures_ch..._a_pro_2&itm_content=public_trading_challenge

Good luck and hope you can win a prize before Christmas December 25th...it will be a nice Xmas gift to yourself.

By the way, for those interested in the University Trading Competitions...more information @ https://www.cmegroup.com/education/trading_challenge/2019-trading-challenge.html

The university trading competitions are a few times per year. Further, many of the universities also go on to compete in the famous Rotman International Trading Competition @ http://ritc.rotman.utoronto.ca/

wrbtrader

thanks, I appreciate the timely notice

destriero · Dec 1, 2019

I don't see how this is going to work for trading vol. The practice account order ticket only shows monthly exp. I don't see this happening if I can't price the weeklies.

Overnight · Dec 1, 2019

destriero said:
I don't see how this is going to work for trading vol. The practice account order ticket only shows monthly exp. I don't see this happening if I can't price the weeklies.

View attachment 214427

If you cannot figure it out, nobody can. But I think you can.

destriero · Dec 1, 2019

Overnight said:
If you cannot figure it out, nobody can. But I think you can.

I have a structural edge on SPX/ES but I can't make enough trading monthlies to hit the 100-150% that would probably be necessary to win this thing outright.

Overnight · Dec 1, 2019

destriero said:
I have a structural edge on SPX/ES but I can't make enough trading monthlies to hit the 100-150% that would probably be necessary to win this thing outright.

Hmm. This will be my first contest with options in it, so I do not know how they worked in the past. If I had a better grounding in options, I could have a discussion with you. But hell, it is free, so why not mess with it. Do some McGyver on it.

*shrugs* As I typed earlier...If anyone can figure it, you can.

(The contest lasts for a week, so monthlies are out the window? What about using daily options, if that is a thing?)

destriero · Dec 1, 2019

Overnight said:
Hmm. This will be my first contest with options in it, so I do not know how they worked in the past. If I had a better grounding in options, I could have a discussion with you. But hell, it is free, so why not mess with it. Do some McGyver on it.

*shrugs* As I typed earlier...If anyone can figure it, you can.

(The contest lasts for a week, so monthlies are out the window? What about using daily options, if that is a thing?)

There are weeklies and even MWF(wk) options on ES. I am not going to waste time on monthlies. The only series listed on the sim are the monthly expirations.

destriero · Dec 1, 2019

CME... the only exchange offering dailies and they can't manage to list them on their sim-competition platform. Not even the weeklies are on there. No combo/spread trading. Cannot enter more than 10 lots. Singles-only. Monthly exp.

Overnight · Dec 1, 2019

destriero said:
CME... the only exchange offering dailies and they can't manage to list them on their sim-competition platform. Not even the weeklies are on there. No combo/spread trading. Cannot enter more than 10 lots. Singles-only. Monthly exp.

Well, if you find a way to MacGyver it, best of fortune to you. Options are nucking futs. I never get far in these opportunities, because I am too busy trading my own dosh to pay much attention to these pop-up "sim trading challenges".

I am too stuck in the "real".

destriero · Dec 1, 2019

Well I am out, but I will post my TOS-account gains for the same week. I will utilize $100K of my capital in the SPX MWF options. and post the open/closing figures to this thread (screen grabs). We'll see if I would've placed.

$105K in there. Earned $445K for 2019 in my IRA.