Quote from nazzdack:
those kind of people are excited at the prospect of a $5000 payout?
If you know any pharma reps, ask about doctors who'll stand in line at a tradeshow half an hour for a sleeve of golf balls...
Niederhoffer's year end contest! ($2500 prize for 3 best 2011 trading ideas)
- Thread starter 1prometheus
- Start date
If you know any pharma reps, ask about doctors who'll stand in line at a tradeshow half an hour for a sleeve of golf balls...
I think a year is just way too long to wait for having fun. Maybe he should run it monthly with a smaller prize. Hell, money isn't even needed, after all this is academic/entertaining, just being mentioned as the monthly winner on the website would be worthy to try.
Not to mention if after a few months there is a winning pattern to someone's advice/prediction, it might be worthy to follow that person.
Not to mention if after a few months there is a winning pattern to someone's advice/prediction, it might be worthy to follow that person.
2500 for a prize? imo-that's just pathetic..IB use to pay 100K and the job
http://www.interactivebrokers.com/en/general/about/mediaRelations/03-26-09.php?ib_entity=llc
http://www.interactivebrokers.com/en/general/about/mediaRelations/03-26-09.php?ib_entity=llc
I suppose the upside to this side show is that perhaps he's finally realized his own trading ideas are catastrophic.
He is smart and he know that a breakthrough cannnot be made or offered by those who are already in the game but from someone who is an outsider, probably a kid or an unemployed factory worker. Those will take the 2.5K.
For those with questions, the contest is now fully explained on the
http://www.dailyspeculations.com/wordpress/ web page.
The start of the year can be a fruitful time to look for trend change type trading ideas. It is definitely worthwhile to set up for and generate ideas on. 2009 Bonds was a wonderful example of this that was very satisfying.
The thing I have noticed though is that , it can be hard to formulate the rationale for the best ideas. The trading brain does not seem connected to the verbal/communication brain.
However, if I come up with any coherent Ideas I will be trading I will also post them to the dailyspec site.
http://www.dailyspeculations.com/wordpress/ web page.
The start of the year can be a fruitful time to look for trend change type trading ideas. It is definitely worthwhile to set up for and generate ideas on. 2009 Bonds was a wonderful example of this that was very satisfying.
The thing I have noticed though is that , it can be hard to formulate the rationale for the best ideas. The trading brain does not seem connected to the verbal/communication brain.
However, if I come up with any coherent Ideas I will be trading I will also post them to the dailyspec site.
Yeah, that about sums-up old Vic's only strategy.Quote from nazzdack:
1) Short-sell out-of-the money put options.
2) Short-sell deep-out-of-the-money put options.
3) Short-sell deep-deep-out-of-the-money put options. :eek:
Twice it led him to disaster.
Of course, he could have covered by using credit spreads instead of naked short sales.