Robbins World Cup E-mini Contest

Quote from JimmyJam:

Regardless of the truth and correctness of what you are saying here T-Dog, note: ... his daughter entered the competition and won.

You ever read any of his stuff? ... so what if the old dog has more than one trick up his sleeve, the point is, he's got'em! :D

Good trading,

JJ
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I won't disagree with your characterization that Larry has more than one trick up his sleeve. Your words.

As for his dilettante trader daughter's trading performance, you are failing to grasp gnome's message. I agree that it is easier to trade with a small sum than it is to trade with a large sum for the same reason that it is easier to walk on a two-by-four plank of wood on the ground than when that plank is elevated 100 feet in the air. Less to lose. The other part of gnome's message that you seem to be missing is that she only did it once. Once. There are also lottery winners who have won huge sums of money once (okay, sometimes twice). Do you not see the point?

Meanwhile, all of the thousands of Larry's seminar attendees who spent thousands of dollars listening to him have not been able to come anywhere remotely in the vicinity of his daughter's performance. Either that, or every single one of them, every single one, is a reclusive, newly minted multi-millionaire who does not want any publicity. Yeah, that's it.
 
LW is much brighter than you imagine, i was impressed. i have spoken to LW in person on several occasions

Larry Wiiliams was sued from NFA for deceptive statements

He's record is not the matter .

To date not observed any relevant information ,that from
10k$ was performed 1 mln $ in one year ( if operator speculate
full in consistency with law)

Author suspect that 20-30 time'S in one year more realistic
for small capital.

Grounds for suspect -Martin Schwartz performed in modern price(PPE) from 1 mln $ untill 9 mln $ in one year,but he
have had advantage -place on exchange
Minerwini performed 243 time'S in he's privat account in 5 years
(start was possibly from 50k-100k $ ,but you can ask he by he'S www side)
 
Come on Thundy, this is just plain fucking stupid and I actually already answered this a year ago:

Quote from Thunderdog:

The other part of gnome's message that you seem to be missing is that she only did it once. Once. There are also lottery winners who have won huge sums of money once (okay, sometimes twice). Do you not see the point?
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1. First of all, who said she wanted to be a trader for the rest of her life? She didn't as history shows.

2. Second, if she had taken one huge position and got lucky, you would have a point, but since she traded for a FULL YEAR, so please don't call that luck.

Now usually you are quite logical, except when Larry comes up. Spit it up, did you pay for one of his courses and didn't get the result you hoped for? Why the unusual animosity?
 
Popular consensus by numbers bandied about in our profession state 95% of traders lose money. On it's face that means 5% of those who enter at any $$ amount won't show in the standings. Reality is, traders with $1mil or greater are probably (not necessarily) inside that 5% percentile of successful.

Regardless, here we have a contest where the playing field is dead level. If you have $5g and can fog a mirror, you're in. Luck may help someone win once... but not consistently. There is no reason anyone can't play all four quarters in 2008, right?

I don't know much, but I do know this: +150% in three month's time is admirable, but it may not be nearly enough to win next time around. If intraday ranges = volatility stay just like this or increase a bit, there is no need for wild-a** guesswork and plunge trades.

Incremental gains will always prevail over time in the end.

All aboard who's comin' aboard :p
 
Quote from austinp:

"...If you have $5g and can fog a mirror, you're in. Luck may help someone win once... but not consistently. There is no reason anyone can't play all four quarters in 2008, right?
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A year's worth of documented gains of 20-25% is going to carry more weight with the OPM market than one quarter of 100%+ gains.
 
1) Michael Cook* 154%

Is it equal person http://www.markdcook.com/

If yes ,why he play this game ?

##############

What are you think about this contest ?

http://www.ctachallenge.com/

It demanded 50 k $ start capital .But best risk adjusted result would granted with 1mln $ fund under management ( 6 month victory,3-month 250k$)

It would top example for any fund manager to start he's carrier with this kind of victory ...

Or you have another opinion ,Gentlemen'S


Your respectfully
 
Quote from Pekelo:

...Spit it up, did you pay for one of his courses and didn't get the result you hoped for? Why the unusual animosity?
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I never attended a trading seminar of any kind. I have bought and read about 120 books on trading and the markets over the last 14 years, none of which was written by Larry. Most of the how-to books were worthless, anyway. (However, I did enjoy the biographies.) I imagine that I would have been susceptible to buying one of his books in my earlier years of reading about the markets, but as good luck would have it, I did not. Presently, I see him for what he is.

Good luck with your trading. I hope you are more discerning about the markets than you are of its vendors.
 
<i>"I never attended a trading seminar of any kind. I have bought and read about 120 books on trading and the markets over the last 14 years, none of which was written by Larry. Most of them were worthless, anyway..."</i>

I've read +/- that many books, attended several seminars, two of which were Larry's shows after buying his "Money Tree" course in 1989 (yes, 18 years ago). None of what he taught is relevant to what I use today. Ceste' la vie.

I do know for a fact that he won his contest and daughter won hers using similar volatility breakout mechanical systems coupled with aggressive money management, if you want to label it as "management".

Depending on overall market conditions, those systems win big or fall off the map. I'm running a similar system (walking forward) that for a couple of years would have blown away $10k to $1mil using exact-same risk multiplier approach trading GBPUSD.

Other years it would have augured straight into the ground. Such is the nature of volatility breakout systems.

Larry ran his account above $2mil and was long into the teeth of Oct 1987. That stripped the account to nearly 1/3rd of peak, I believe. Most if not all of the managed accounts joined the party late... they did not enjoy the early trip that tacked on 1,000s of percent gains.

Other pure system traders have won the year-long WorldCup Challenge more than once, then the systems ran into inevitable change of market conditions. Pretty similar to Larry... he is all about systematic approach, x-bar back doing whatever when y-bar now does something else is the gist of things.

Reading the charts visually is much, much more malleable = reliably consistent in changing market conditions for those who acquire said learned skill. Larry went the systems route instead of discretionary route, and the rest is history recorded.
 
Quote from Thunderdog:

I have bought and read about 120 books ...none of which was written by Larry.
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Just 2 quick more questions and I let you go since you are not really answering the question:

1. How those 120 books effected your trading? After 14 years and 120 books, I hope you are consistently profitable...

2. If you haven't read Larry's books, how do you know if they are good or bad?
 
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