CME "Trade Against a Pro" Trading Challenge - December 8th Sunday - 13th Friday
- Thread starter wrbtrader
- Start date
Of course not. But this is a competition so you have to push your luck. Also I was curious just how many contracts I can actually trade according to the rules. Apparently I was able to have a 40 contracts position with some money left over. That 4 different positions were all correlated.
I wasn't expecting much volatility for this week. So far we had like a 30 points range for ES, the last contest had 90+ points.
9 of the top 10 traders traded Oil, Natural gas or RB, those moved big today. That is the other thing, I haven't mentioned yet, one has to be aware what can possibly move so what to trade. Margin utilization and possible movers. I should have traded Nat. gas today but there was a real chance of blowing it with that fast moving asset.
This shows a trade I carried over and just closed, their accounting day ends at 4:15 pm I guess. I made 2.5K today.
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How could the guy loose $3342 today and have a total of $38K when he wasn't even on the leaderboard when I last looked at like 9:30ish today. And if the day starts at 6PM... how the f did those guys make $24K plus trading Palladium, Gold, Silver, etc? What am I missing?
Max levered in the right direction.
GC went up 15 points from around midnight to 3PM ET. On 10 contracts, 15,000 bux done. Boom.
Yeah, things get weird when the Palladium (PA) traders show up on the leader board. Those participants tend to have the fewest trades but make the biggest movement in the challenge.
I remember a ES / NQ trader saw the same thing...the big movers were the PA traders. That trader of ES / NQ suddenly started trading PA and has never gone back to ES / NQ nor gone back to them in his real money trading...he's been trading PA / PL ever since March 2019.
PA / PL is starting to look like some sort'uv sex pheromone that attracts traders from other trading instruments.
In fact, I'm a little shocked that a trader of PL is not on the leader board because PL has been trending upwards very strongly for a few trading days.
wrbtrader
Ok, but you missed the point. They are starting the day at 5PM CST.
Those folks made $24K in 36 minutes... thats the time stamp on Pek's post. He specifically stated he made $2.5K today. It shows him up $150, so apparently that screenshot is from the new day here.
*shrugs* I dunno' why everyone is bugging about this challenge. This goes on every time these challenges occur. By Friday 4PM CT all the accounting will be in and you'll know. I never do well on these challenges because I cannot ever go max lever with the 100K account balance and expect to do well with a one-week deadline. It's just bad juju and relies on being uncannily right on the direction of each instrument.