Lots of short sellers at 13,000 level.

[bwolinsky]

Quote from traderchi128:

While it sounds like a cool idea, these kind of competitions really don't hold any kind of weight in the real trading world. A guy like Williams could put up a few hundred grand in an account, leverage the hell out of it in futures, go for the kill and either make crazy returns or blow out. Doesn't really give any indication on how good a trader he is. While he is taking some"risk" , he probably only puts up money he knows he can piss away and it won't effect his lifestyle.

All of you are incorrect. This isn't allowed. It would be a travesty and if you knew anything about it, you'd realize World Cup is aware of that, but they don't base it on how much money is in the account, but how much money is made by trading. You people are stupid and foolish to defame such a sacred trading contest. It doesn't work that way.

The only controversy of the Larry Williams story was that he lost 50% the next year, versus 11,000 or 12,000+% profit in the prior year. His daughter also went on to win a World Cup though not as spectacularly as Williams had.

 

[traderchi128]

Quote from bwolinsky:

All of you are incorrect. This isn't allowed. It would be a travesty and if you knew anything about it, you'd realize World Cup is aware of that, but they don't base it on how much money is in the account, but how much money is made by trading. You people are stupid and foolish to defame such a sacred trading contest. It doesn't work that way.

The only controversy of the Larry Williams story was that he lost 50% the next year, versus 11,000 or 12,000+% profit in the prior year. His daughter also went on to win a World Cup though not as spectacularly as Williams had.

You are a riot. Defame a contest that nobody in the real trading world knows about or puts any credibility into. It holds as much weight as those CNBC fantasy trading contests have.

What's worse is if they don't base it on the amount in the trading account, then any fool can put 10k into an account, make crazy huge bets(not caring at all about risk) and actually win the thing. In the real trading world a guy like that couldn't get a job getting lunch for traders.....let alone be one.

The fact that his daughter won it the next year kills any credibility it had....when an actress can come in and win a trading contest....well....hate to burst your dreams...but makes it a joke. Sorry amigo......thats the facts.

 

[bwolinsky]

Quote from traderchi128:

You are a riot. Defame a contest that nobody in the real trading world knows about or puts any credibility into. It holds as much weight as those CNBC fantasy trading contests have.

What's worse is if they don't base it on the amount in the trading account, then any fool can put 10k into an account, make crazy huge bets(not caring at all about risk) and actually win the thing. In the real trading world a guy like that couldn't get a job getting lunch for traders.....let alone be one.

The fact that his daughter won it the next year kills any credibility it had....when an actress can come in and win a trading contest....well....hate to burst your dreams...but makes it a joke. Sorry amigo......thats the facts.

Because you're lying about your background, you are incorrect saying they can just add money because they track the trades you make and nothing else. They only look at starting capital, and if you add money, they are aware of it. It does not count as performance. You're so naive.

 

[traderchi128]

Quote from bwolinsky:

Because you're lying about your background, you are incorrect saying they can just add money because they track the trades you make and nothing else. They only look at starting capital, and if you add money, they are aware of it. It does not count as performance. You're so naive.

You are insane man. Seriously. As far as my background. I could give a rats ass what you think. I started back in early 90's on a prop desk trading equities. Way before your time.....back when we traded on a Quotron machine with those annoying green screens.....trading stocks like USS, MO, DEC,CHL,.....some old names for ya. You want the names of some of the specialists too?

As far as what I said? Learn to read...I never said anything about adding money to an account. I said people could start with smaller amounts and leverage the hell out of them to either get huge returns % wise....or go broke. Which is exactly what Williams did to get returns of 1000-2000 %.

Funny a guy like you who trades 50k and brags about some program he runs on C2 (which apparently has never made money) telling others what they know about trading.

Even funnier you are worried about position limits trading a 50k account. The limit in Nasdaq futures is 10,000 contracts. Inital margin is 3,500 a contract. So you would need at least 35 mil AUM to even think about that problem. That is if you bet your whole book on one position.

But hey...50k isnt that far from 35 million.....you should start addressing that issue now.