Just wanted to see if anyone else is interested in this. Rules are we setup brackets, pitting two traders against each other every day.
Each is randomly assigned a position on the open, long or short. Each trader gets one trade to close out his/her position - winner is whoever makes the most or loses the least. Positions have to be offset by the close of the same trading day.
For example, trader 1 is long and trader 2 is short - SPY trends upwards 1% through the day from open to close. T1 cut his loss at (-.05%) and T2 takes gains at .20%. Given the potential range of 1%, T1 traded it better and won. Meaning on an up day, the long trader has to capture more of the range than the inverse of the short's loss, and vice versa. In this case the long only captured 20% of total profits, while the short avoided 95% of losses, the short traded better.
We can keep track of brackets and assign positions in excel - we can post it in google documents. If anyone is down, list your handle and I'll start a bracket, the first trading day will be Thursday, April 4th.
If anyone wants to setup rewards, bets, or whatever just suggest it. Feel free to post questions or suggestions. Thought this could be fun.
Each is randomly assigned a position on the open, long or short. Each trader gets one trade to close out his/her position - winner is whoever makes the most or loses the least. Positions have to be offset by the close of the same trading day.
For example, trader 1 is long and trader 2 is short - SPY trends upwards 1% through the day from open to close. T1 cut his loss at (-.05%) and T2 takes gains at .20%. Given the potential range of 1%, T1 traded it better and won. Meaning on an up day, the long trader has to capture more of the range than the inverse of the short's loss, and vice versa. In this case the long only captured 20% of total profits, while the short avoided 95% of losses, the short traded better.
We can keep track of brackets and assign positions in excel - we can post it in google documents. If anyone is down, list your handle and I'll start a bracket, the first trading day will be Thursday, April 4th.
If anyone wants to setup rewards, bets, or whatever just suggest it. Feel free to post questions or suggestions. Thought this could be fun.