Surf's Special Situation Journal

[Pekelo]

Just an objective observation about the website:

First they set up a bunch of rules, so far so good. As long as you trade by those rules (and that can be judged pretty easily and objectively) you can be a winner/funded trader.

THEN, they say this:

"Scouting Criteria

Recruits who enter the Combine will be evaluated using the criteria below. The scout team's review is subjective and you may be asked to repeat the evaluation period."

They have just set up the rules what they can use as an objective evaluation tool, and now they are saying that the evaluation is subjective and you might have to repeat the whole deal, just to be proven???

That sounds fishy to me... Mr. Bolt, would you mind running that 100 m again, we didn't catch you for the first time...

 

[marketsurfer]

Quote from cornixforex:

See... YOU want to be proven... how do you think is it automatically equal to ME wishing to prove you something?

It doesn't need to be you. Just ANYONE who uses TA-- I would prefer one of the leaders in the group like NoDoji ( a very nice lady, by the way) to PROVE MY PREMISE WRONG in a transparent before the fact, no way to fake CONTEST. I AM PARTICIPATING< WHY CAN"T THE TA BRIGADE? let's hope its not because they dont have the money! call the guys up, maybe they will wave the fees if this is the case.

surf

 

[Xspurt]

Quote from marketsurfer:

Funny-- how are the rules not real world?

surf

Well I can't get the link to work so this is 2nd hand. Is this correct...
=====================================================
Combine trading days (10 or 20 days) have been completed, if the following requirements have been met:

1. Daily loss limit has not been hit or exceeded
2. Overall Winning Day % of 50 or greater
3. Each product traded has a Trading Average greater than zero ($0)
4. Each product traded has met 2 out of 3 performance requirements, which are as follows:

- Overall Average Win greater than Overall Average Loss
- Overall Average Win Duration greater than Overall Average Loss Duration
- Total Win % of 45 or greater
=====================================================
1. In the real world there is not a daily loss limit. If you are out of margin you are out
2) Noobs can't run at 50% winners and lots of successful traders have a win % below 50%
3) Total Win % of 45 or greater

Taking in noobs on this is one way traffic on the membership fees.

How's this for real world rules...

1) Free demo account
2) Trade any product any time frame
3) Show us you can make a good consistent profit with a low draw down and we will discuss funding you
4) Get margin called and you are out

(Spot any difference?)

 

[cornix]

Quote from marketsurfer:

It doesn't need to be you. Just ANYONE who uses TA-- I would prefer one of the leaders in the group like NoDoji ( a very nice lady, by the way) to PROVE MY PREMISE WRONG in a transparent before the fact, no way to fake CONTEST. I AM PARTICIPATING< WHY CAN"T THE TA BRIGADE? let's hope its not because they dont have the money! call the guys up, maybe they will wave the fees if this is the case.

surf

Again the same question: why would they want to do it?

I am still waiting for one reason "why" besides proving something.

 

[bigarrow]

Quote from marketsurfer:

Yes, day trading only. You should give it a shot!

I'll pass, over all I didn't do good at daytrading so I'm sticking to swing and longer time frame trades. Besides the combine looks more like a lottery than a real trading contest and $200 bucks for a lottery ticket plus all that time wasted, like I said I'll pass.

 

[Pekelo]

Just for logic's sake, the website's rules for qualifying for evaluation and Surf's rules for proving TA are different. I guess...

Quote from marketsurfer:

No profit limits.

So if I understand correctly, if my P/L is +$50 on a 50K account after trading it for 10 days, you take it as a valid evidence for TA??? Please don't say it is that easy...

Now you might say, you use the same criteria as the website, but that is not really a valid test for TA. One can make 3 pts for 9 days and lose 5 pts in one day and would be disqualified from the website's evaluation, although that would still be a fine performance and an obvious evidence for TA....

 

[marketsurfer]

Quote from cornixforex:

Again the same question: why would they want to do it?

I am still waiting for one reason "why" besides proving something.

Man, this is the third time I have answered this question.

It's the same reason they come on elite trader with tales of greatness and skill. WHY do you think many of the TA brigade do this? Some are even very clever with their claims, claiming to have been taught the secret TA method or whatever-- this all attracts NOOBS as followers,

However, when called to task, they can't even enter a 10 day contest in real time to PROVE their claims.

Its all very obvious, but I still want someone to prove me wrong.

surf

 

[marketsurfer]

Quote from Pekelo:

Just for logic's sake, the website's rules for qualifying for evaluation and Surf's rules for proving TA are different. I guess...



So if I understand correctly, if my P/L is +50$ on a 50K account after trading it for 10 days, you take it as a valid evidence for TA??? Please don't say it is that easy...

Now you might say, you use the same criteria as the website, but that is not really a valid test for TA. One can make 3 pts for 9 days and lose 5 pts in one day and would be disqualified from the website's evaluation, although that would still be a fine performance and an obvious evidence for TA....

Yes, its that easy. However, NO ONE IS DOING IT!

surf

 

[Pekelo]

Quote from marketsurfer:

Yes, its that easy.

Come on Surf, you wouldn't take it as evidence for TA if I make 1 trade only, and that is accidentally profitable, no matter what the profit is, would you?

Now you could say, you want to see at least 15-20 trades, and at least moderately up (let's say 2-3% up) by the end of the period. Those would be an understandable and acceptable criteria...

P.S.: What is the % cut what you get from the website for every signed up poster?

 

[cornix]

Quote from marketsurfer:

Man, this is the third time I have answered this question.

It's the same reason they come on elite trader with tales of greatness and skill. WHY do you think many of the TA brigade do this? Some are even very clever with their claims, claiming to have been taught the secret TA method or whatever-- this all attracts NOOBS as followers,

However, when called to task, they can't even enter a 10 day contest in real time to PROVE their claims.

Its all very obvious, but I still want someone to prove me wrong.

surf

Well, that's still not the valid reason. Let me explain why. It's YOUR belief that TA practitioners come to ET for the sole purpose to get followers, OK, let's suppost it's so... Still, why would they want to participate in YOUR proposal?

And what if we consider that far not all TA practitioners are "stealth vendors"...