Robbins World Cup E-mini Contest

Quote from Pekelo:

World Cup Championship of CME E-mini® Index Trading (July 1-Sept. 28)


As of 8/31/07:

1) Ken Goldberg 151%
2) Michael Cook 71%
3) B. Jennings 16%

So a guy with a 16% performance (after 2 months) can make it to the 3rd place? That indicates to me that only a handful of people started in the contest....

For comparison, the standing of the annual contest:

World Cup Championship of Futures Trading®

As of 8/31/07:

1) Michael Cook* 154%
2) Kurt Sakaeda* 59%
3) Kevin Davey 33%
More...

While I have no doubt that "only a handful of people started the [E-Mini] contest", it is very interesting to note that the gains held by the 1st, 2nd and 3rd place winners all fall within very close parameters to one another for both categories of futures trader.

In fact, if you make a histogram of the results you would see that the performance across the board is pretty on par (an equality of status, level, or value; equal footing).

Good trading,

JJ
 
Quote from Thunderdog:

"...Have legitimate investors who would be potentially meaningful sources of OPM really gotten past that, or are they perhaps not even aware of that cloud? Any thoughts?
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As in show biz, "any publicity, even if it's wrong, is good"
 
Quote from Thunderdog:

It is my understanding that Robbins had something of a shady past about 20 or so years ago, notably at around the time it had an association with Larry Williams. Have legitimate investors who would be potentially meaningful sources of OPM really gotten past that, or are they perhaps not even aware of that cloud? Any thoughts?
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is your only source william gallacher in "winner take all" ?




surf
 
Quote from JimmyJam:

it is very interesting to note that the gains held by the 1st, 2nd and 3rd place winners all fall within very close parameters to one another for both categories of futures trader.
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Or NOT....

If 151% and 16% or 154% and 33% are close parameteres for you, I have to scratch my head....

According to my math almost 10 times is not close parameters....
 
Quote from Pekelo:

World Cup Championship of CME E-mini® Index Trading (July 1-Sept. 28)


As of 8/31/07:

1) Ken Goldberg 151%
2) Michael Cook 71%
3) B. Jennings 16%

So a guy with a 16% performance (after 2 months) can make it to the 3rd place? That indicates to me that only a handful of people started in the contest....
More...

Probably only a handful DID start, but it is a brand new contest. One could always have traded e-minis in the futures contest, but the $20 commission discouraged daytrading. Lowering the commission to $4 for the e-mini contest should attract more people and, hence, better competition.
 
Quote from Pekelo:

Or NOT....

If 151% and 16% or 154% and 33% are close parameteres for you, I have to scratch my head....

According to my math almost 10 times is not close parameters....
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Not significant. $5K at risk is pocket change. 10x piss money is still piss money.

None if this is significant until it "hurts somebody to be hugely wrong"... if it's less than that, it's little different from paper trading.
 
Quote from gnome:

There would be maybe 150-350 participants, and only 25-30 would be positive.

So, if you are consistently positive with low drawdowns, you will soon be attracting capital for managing OPM.... easier said than done, you know.
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You are probably right and the positive- negative balance is closer to 20-80% than to 50-50%

P.S.: Notable mention: 1997: Michelle Williams 1,000%

But we have been here before, haven't we? :)
 
Quote from Pekelo:

You didn't get my point, and I don't think repeating it would help.
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I can't decipher your point. Try stating it CLEARLY... maybe I'll get it.
 
Quote from Pekelo:

Or NOT....

If 151% and 16% or 154% and 33% are close parameteres for you, I have to scratch my head....

According to my math almost 10 times is not close parameters....
More...

Here's how I'm looking at it:

E-Mini Futures All Futures
3rd Place 16% 33% (1 level difference)
2nd Place 59% 71% (1 level difference)
1st Place 151% 154% (equal performance)

The histogram levels are calculated by taking the highest value and dividing by 10, then creating the different levels as multiple of that value (15.4 in this case).

The benchmark levels are:

Level Number
1 15.4
2 30.8
3 46.2
4 61.6
5 77.0
6 92.4
7 107.8
8 123.2
9 138.6
10 154.0

If anyone else doesn't see it that way, it's fine.

Good trading,

Jimmy Jam
 
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