ET trading competition

T

traderob

Hi Baron,
how about opening a one month or so trading competition for ET members.

To keep it real I suggest it must be based on a real account of say 20,000 $ give or take. Just enough so everyone can be sure the trades hurt if they go the wrong way, but not so much that it cuts out too many members. (also about what I have in my Interactive brokers account at this moment heh)

I suggest that you give out prizes of a couple of thousand total- but the main motivation will be the bragging rights.

There would have to be a way of keeping some things hidden- like real names- while at the same time making sure the actual profits are shown.. I think IB could arrange that.

It could be any type of trading from Forex to stocks to options. But all trades have to close on the final day of competition and the winner is the one with the largest Profit.
 
Useless. Real and profitable traders will never take part in this competition. Why should they? For the small prices they can win they risk losing their anonymity. And if they are really successful they will make in 1 day much more than the price they can win. So they can only lose, never win. Except if ego is very important. But I would prefer millions of dollars, low profile and a very small ego if I could choose. On the other hand.....real and profitable traders are rare at ET, so if they join or not will not make a big difference. I never heard about a winner of any competition that became later a successful fund manager. But maybe it can prove how difficult it is to be very profitable and most of all CONSISTANTLY profitable.
 
sounds cool. winner get funding or percentage of payout of their strategies without risking capital. hope to be doing something like this in the future.
 
Humpy said:
Yawn yawn - look what happened in 2008

http://www.elitetrader.com/et/index.php?threads/et-trading-championship-vote-if-you-want-one.145480/
More...

A competition scheme could be based on expectancy which is for forecasters to convert/classify/provide "Strong Up, "Up", "Down" and "Strong Down" predictions, rather than numbers. Strong means 2 points, and is perhaps defined according to last year's statistics.

Guessing right will get 1 point for "UP or Down" or 2 points for "Strong", depending on her/his projection weekly. Guessing wrong will loss 1 or 2 points, depending on where the ES ends each week.
 
Last edited:
You must log in or register to reply here.
Back
Top