I am currently ranked 187 in the cme challenge
- Thread starter s trader
- Start date
Me too. Where the dashboard was supposed to be (link in post #5) there was no ranking of participants.
Good points; his daughter won a big one......................... I may be biased to him ; he gave[ US mailed] me a free book, partial disclosure LOLVery true, this (and that's what often happens).
I'll be customarily outspoken and mention that I think these trading contests are misleading and close to useless.
Their entire orientation is one of profit-maximization, rather than risk management.
Typically, they reward gamblers and penalize patience and discipline.
Realistically, they can be won only by the consistent use of trading habits/methods/systems that would typically be absolutely hopeless and excessively dangerous for live, funded trading.
At the "newbie level", they inculcate dreadful habits and grotesquely mislead beginners, at the most basic level, regarding what trading's all about.
[And - digressing slightly here - even at the "pro level", they're widely used to mislead the public about "who's likely to achieve what": for example, the NFA fined Larry Williams for not reporting to potential clients that, while his personal account in a promotional 1987 contest was very profitable (a gain of $900,000), his managed accounts for clients lost substantial funds (over $6,000,000) - that was held to constitute deceptive and unbalanced promotional material and disclosure statements. And in July 1988, the Larry Williams Financial Strategy Fund was launched, followed in March 1989 by the World Cup Championship Fund, managed by Larry Williams, Jake Bernstein and two others: the 1988 fund lost more than 50% of its clients’ equity in barely one year, and the 1989 fund also lost more than half of its original equity by May 1990. These are not obscure, isolated incidents: they’re actually fairly typical of the motivations of pro-competition performers, precisely because it's the ability to use competition results misleadingly in sales materials that often attracts "pro-players" to these horrible competitions.]
(/rant)
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Even assuming he cheated, it is hard to explain away his daugther's win...
%% IronChief;
It was like subscribing to 6 months of IBD [Investors Business Daily], they had plenty of info on you[name ,address, phone, SSN i think,trading experience, signed agreement]+ they gave you a free book ''How To Make Money in Stocks'' . But instead of a free book; you got $50,000, in your account-NOT that you could write a check on it, it was thier money.
Some thing real strange happened, even though the agreement called for ''$50,000'';
after about a day , a million dollars[ brokers money,LOL] strangely appeared in my account. Most likely they did that to all,dont know; but i had ''written trade my plan.'' IF some had given me a million bucks= i sure would not have traded that size, in derivatives contest LOL . BUT some did; good way to blow up/gamble.
Besides, i did not know if i had a 10% loss, that would put be minus- $50,000 ,10% loss on $1,000,000= [--50,000k ; they had to right to publish the results openly[ Headline=Turtle Turns $50,000 account into minus -50,000, in one week in LOL[200% drawdown
]
no problem ez to do.
Very profound, for me.
I need to think really hard but as I was staring at charts today, I think I appreciate what you said.
Thanks for sharing.
This is me and I only traded 3 days. Challenge ended last week.
"Your final position on the leaderboard:
24 of 1659 participants"
Start $100,000.00
Balance $113,545.00
Total 8 Trades.
I had the least total trades of all 1659 participants.
Challenge Leaderboard for Back to School Trading Challenge
9/10/2017 - 9/15/2017
Rank Username Balance
1 bedros.ohanian $150,356.25 Total Trades 25
2 wschweizer27 $132,607.30 Total Trades 11
3 hwilfon $131,708.02 Total Trades 19
4 rubeniii $131,036.88 Total Trades 16
5 domin323 $124,267.65 Total Trades 430
6 theconnor $123,821.10 Total Trades 40
7 taxationistheft $119,631.25 Total Trades 27
8 dwillett $118,970.21 Total Trades 69
9 boyderi1 $118,310.51 Total Trades 19
10 timework $117,582.45 Total Trades 295
11 rickyeo $117,397.22 Total Trades 34
12 fabricio1987 $116,761.80 Total Trades 32
13 mdavis00 $116,693.65 Total Trades 20
14 rncorradini $116,245.46 Total Trades 105
15 kicktothehead $115,767.63 Total Trades 49
16 56soleil $115,201.91 Total Trades 66
17 gioperez01 $115,054.90 Total Trades 37
18 lhora89 $114,734.06 Total Trades 36
19 superren $114,614.50 Total Trades 10
20 ying.mao $114,452.25 Total Trades 69
21 lparker $114,061.83 Total Trades 19
22 dice $113,883.85 Total Trades 87
23 tgauthier $113,739.25 Total Trades 9
24 thunderthor $113,545.00 Total Trades 8
25 ghem $113,508.22 Total Trades 143
"Your final position on the leaderboard:
24 of 1659 participants"
Start $100,000.00
Balance $113,545.00
Total 8 Trades.
I had the least total trades of all 1659 participants.
Challenge Leaderboard for Back to School Trading Challenge
9/10/2017 - 9/15/2017
Rank Username Balance
1 bedros.ohanian $150,356.25 Total Trades 25
2 wschweizer27 $132,607.30 Total Trades 11
3 hwilfon $131,708.02 Total Trades 19
4 rubeniii $131,036.88 Total Trades 16
5 domin323 $124,267.65 Total Trades 430
6 theconnor $123,821.10 Total Trades 40
7 taxationistheft $119,631.25 Total Trades 27
8 dwillett $118,970.21 Total Trades 69
9 boyderi1 $118,310.51 Total Trades 19
10 timework $117,582.45 Total Trades 295
11 rickyeo $117,397.22 Total Trades 34
12 fabricio1987 $116,761.80 Total Trades 32
13 mdavis00 $116,693.65 Total Trades 20
14 rncorradini $116,245.46 Total Trades 105
15 kicktothehead $115,767.63 Total Trades 49
16 56soleil $115,201.91 Total Trades 66
17 gioperez01 $115,054.90 Total Trades 37
18 lhora89 $114,734.06 Total Trades 36
19 superren $114,614.50 Total Trades 10
20 ying.mao $114,452.25 Total Trades 69
21 lparker $114,061.83 Total Trades 19
22 dice $113,883.85 Total Trades 87
23 tgauthier $113,739.25 Total Trades 9
24 thunderthor $113,545.00 Total Trades 8
25 ghem $113,508.22 Total Trades 143