That would make sense if I were trading fx like rcg apparently intends to do .
Trading Challenge Phoenix vs RCG nov 2012
- Thread starter PHOENIX TRADING
- Start date
That would make sense if I were trading fx like rcg apparently intends to do .
Who knows maybe I'll learn how to avg down while still claiming I'm profitable every day. 
I'm confused, my apology. I thought the original "challenge" was fx. I'll reread your OP but I was pretty sure RCG has been consistent on that part.
To my thinking it has to be the same security or spot currency pair and needs to be done from the same broker or combine. I also think the result should be measured in some normalized units like price or pips.
I've misunderstood the challenge.
I can see where you would be under that impression but that's probably due to rcg's propaganda and the fact that the agreement between lucrum and himself involved the combine.
If I've given that impression I apologize.
Coming to an agreement with rcg is like negotiating with a palestinian.
Half of what you hear is BS and the other half is misrepresentation of what you agreed to.
I've always maintained that each trader can choose any instrument any exchange, change in equity value (start /finish) percent wise should be the objective measure.
My impression when I queried him ( about the duration) is he'll be done with me in a month.
I'm okay with an open ended duration of periodic comparisons since I'm a position trader.
No doubt rcg will try to exploit this as an excuse to back out.
The original challenge WAS fx.
I was even nice enuf to tell you that percent gained was a stupid thing to do because of the size of your account. But noooooo.
When a winger is intent on a stupid idea, there is no stopping them.
Quote from RCG Trader:
1) The original challenge WAS fx.
2)I was even nice enuf to tell you that percent gained was a stupid thing to do because of the size of your account. But noooooo.
3)When a winger is intent on a stupid idea, there is no stopping them.
1) Please be so kind as to link the "original challenge".
2)Right and everybody is going to laugh at you for trying to pretend
buying a $100 lottery ticket is the same thing as trading skill
and it shows a tremendous lack of confidence.
Unless of course $100 IS the BULK of your net worth.
Better keep that nursing gig (because you're gonna need it) if you keep that ultra short trading mentality.
3) You think I'm stupid , how quaint.
Quote from PHOENIX TRADING:
1) Please be so kind as to link the "original challenge".
2)Right and everybody is going to laugh at you for trying to pretend
buying a $100 lottery ticket is the same thing as trading skill
and it shows a tremendous lack of confidence.
Unless of course $100 IS the BULK of your net worth.
Better keep that nursing gig (because you're gonna need it) if you keep that ultra short trading mentality.
3) You think I'm stupid , how quaint.
the original challenge was between Lucrum and I. You stepped in, which was an act of profound hubris.
We will see who will be laughing in 30 days.
Quote from RCG Trader:
the original challenge was between Lucrum and I. You stepped in, which was an act of profound hubris.
We will see who will be laughing in 30 days.
I challenged you before the one between you & lucrum.
30 days
What do you think you are going to prove in 30 days?
Certainly not any indication of your trading ability or chances of you ever leaving your day job because of success at trading.
keep that short trading mentality going there as lucrum would say
"MO-ron".
Quote from PHOENIX TRADING:
30 days
What do you think you are going to prove in 30 days?
Certainly not any indication of your trading ability or chances of you ever leaving your day job .
Oh oh, cold feet with PT, trying to modify terms already
I will prove in 30 days that I will NEVER see a 50% drawdown, how about that.
You guess when you trade, you know nothing about market mechanics. And so you guess at price, and do not know how to correct if you are early or just flat out wrong.
Of course, you will say that you do not care and all that, just like the election. The cognitive dissonance will kick in at the start of week three or so.
Actually ron if you you could just put your ego in check just for
a moment you might actually learn something.
Short term trading mentality is a siren song of those dreaming of rapid profits, unfortunately these dreamers are the useful idiots of the Professionals.
a moment you might actually learn something.
Short term trading mentality is a siren song of those dreaming of rapid profits, unfortunately these dreamers are the useful idiots of the Professionals.