Lose to Win Contest--- unique idea..

Hmmm.......
It is interesting, psychologically.
I tried that on a (paper) basket once, losing as much as possible, seeing what it would take to break the bank.
Worst trades i could come up with, stinkers i thought.

It ended up being THE most profitable basket i tried. :(
 
That is an original idea. And a great promotion, too.

It's worth noting that, given the restrictive terms and conditions put in place for the contest, I believe it's going to be very hard to win it outright. Outright, as in 100% loss of that $5K demo account. As opposed to merely losing more than the other players, thus winning by default.

The draconian terms I am referring to are:

- 20:1 leverage
- no more than 4 executions (= 2 RT trades) per day
- 10 trading days.

That's a real challenge for any professional right there (no kidding). I'd bet most takers will fail miserably and will not manage to lose even 80%. Hey, where's Mike Parker when you need him?
 
Quote from marketsurfer:

i am going to try it. seems like a fun change of pace, and its free.

surfer
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Let us know how you go surf, (uh, tom arnold) i feel a bit gipped at not getting into the grain contest, and this time frame doesn't suit me.
May give it a go though, my forex work always kinda sucked.
:)
 
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