Monthly tournaments on ET

Quote from NihabaAshi:

You guys went from real trading tournament sponsored and verified by the brokers themselves with the help of ET (at least that's what I suggested) to talking about vendors, implied performances, paid followers et cetera...

Regardless, trying to get someone to setup a real trading tournament along with showing the strategy behind the trades so someone can follow along will keep any broker and most sponsors from getting involved due to legal issues.

It'll scare away all the fun and the good traders.

Think about...a real trading tournament and they cannot write in their disclaimer...

Hypothetical Results or Educational Purposes Only.

My point...if your looking for signal calling stuff...

You don't need to set up a trading tournament as a smoke screen to find such.

Then again...maybe a trading competition can only be setup or sponsored by brokers, advertisers and ET if it was only hypothetical results to remove all liability.

Here's a sports analogy...

Do NFL or NBA or NHL coaches show their playbook to the public or as a paid subscription after winning a championship...let alone after each game ???

Even if you had access to the playbook sort'uv speak...

Do you have the talent, discipline, patience and resources to execute the same exact playbook ???

Most don't and a few will.

Therefore, majority will say it doesn't work...no matter how many titles or playoff games are won. :D

NihabaAshi
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No , Nihaba , I still want a tournament as its meant to be ( and I want to win). The ratings are just optional , don't have to be. If ET would decide to go for it , they should collect potential participants ideas for a month or so , and not necessary implement some or many of them.
 
Competitions do not accurately portray a traders habits and do not determine who is the better trader. You will always get those people who will go "balls to the wall" with the most riskiest stocks, because they are not dealing with real money. A lucky few will be the top performers and the majority will be at the bottom. Then you have the few of us somewhere along the middle actually trading like we would in the real world.
 
Quote from zook:

Competitions do not accurately portray a traders habits and do not determine who is the better trader. You will always get those people who will go "balls to the wall" with the most riskiest stocks, because they are not dealing with real money. A lucky few will be the top performers and the majority will be at the bottom. Then you have the few of us somewhere along the middle actually trading like we would in the real world.
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so true , and that why the entry should be significant amount $ , definetly not for free. And a newbies should watch the results for significant amount of time , before selecting(if at all) their "gurus"
 
Quote from zook:

Competitions do not accurately portray a traders habits and do not determine who is the better trader. You will always get those people who will go "balls to the wall" with the most riskiest stocks, because they are not dealing with real money. A lucky few will be the top performers and the majority will be at the bottom. Then you have the few of us somewhere along the middle actually trading like we would in the real world.
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Bingo...

That's the reason why their should be a real trading tournament and not some simulation game.

Real trading via those ET members with trading accounts at the sponsored brokers along with an entry fee into the tournament.

Such will help prevent (not 100%) those that do balls to wall trading as you call it.

On that note...my last post on this fun topic.

Everybody here seem to be talking about simulation tournaments...some of those already exist.

NihabaAshi
 
Quote from NihabaAshi:

Bingo...

That's the reason why their should be a real trading tournament and not some simulation game.

Real trading via those ET members with trading accounts at the sponsored brokers along with an entry fee into the tournament.

Such will help prevent (not 100%) those that do balls to wall trading as you call it.

On that note...my last post on this fun topic.

Everybody here seem to be talking about simulation tournaments...some of those already exist.

NihabaAshi
More...

good points , I see what you guys mean...Well the conditions always can be negotiate , after all whatever they will be at the end, they be the same for everyone.
 
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