Would you be interested in having a 1v1 trading battle with a trader ?

[Slope Trader]

I was thinking of something like globalarbtrader's description of Jack Schwager's Fundseeder program in a previous thread.

Apparently Fundseeder produces leaderboards that rank traders by a formula involving profits+risk+consistency. I think there were other ways that leaders could be scored too...

The thread is:
https://elitetrader.com/et/threads/fundseeder-my-experience.298394/

 

[d08]

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I wonder if any trading contests like this have ever judged results using a formula, perhaps even a standard one, that takes into account both the profits earned and the risk taken. The idea would be to reward good trading, not lucky trading...

The few I've seen don't. They're organized by local brokerages and offer small prizes for the top 3. The winner was not some brilliant trader but someone who had a straddle before earnings announcement and the return was massively above anyone else.

 

[noframe]

That would cause the emotions to rise, so I really don't recommend it.

 

[Raheel Shaikh]

.

I wonder if any trading contests like this have ever judged results using a formula, perhaps even a standard one, that takes into account both the profits earned and the risk taken. The idea would be to reward good trading, not lucky trading...

Definitely a point to consider, thank you for your input

 

[Raheel Shaikh]

Something similar to the US investing championship?

Trader trades his own real money account.
Minimum balance.
Trade whatever you want.
Who ever has the best results at the end of the year wins.
If you go broke your done. No reloading.

Well not exactly like that

You give 2 traders a fresh account with the same initial balance
So there is a fair start to both the contestants
Time duration could be anything from a day to a week, definitely not a year
Well you don't go broke because you don't trade your own capital but rather the company's account

 

[Raheel Shaikh]

The few I've seen don't. They're organized by local brokerages and offer small prizes for the top 3. The winner was not some brilliant trader but someone who had a straddle before earnings announcement and the return was massively above anyone else.

To avoid massive ups in lot sizes, you can lower the leverage and also set a violations for floating drawdown.
You think that would avoid straddling and gambling behavior ?

 

[deaddog]

Well not exactly like that

You give 2 traders a fresh account with the same initial balance
So there is a fair start to both the contestants
Time duration could be anything from a day to a week, definitely not a year
Well you don't go broke because you don't trade your own capital but rather the company's account

then it's a lottery.
As a trader you have nothing to lose and with that short a time frame it's a coin flip.
Consistency is what matters, not getting lucky for a week.

 

[expiated]

I played here when they first got started, but they speed everything up too much for me to use my system effectively. So, after winning a couple of hundred dollars, I stopped placing in the top spots and cashed out with my prize money, never to return to any of their pay-to-play contests again. (This was maybe two years ago?)

 

[Pekelo]

Why not dream big?:

https://old.reddit.com/r/TheRaceTo10Million/

 

[Raheel Shaikh]

then it's a lottery.
As a trader you have nothing to lose and with that short a time frame it's a coin flip.
Consistency is what matters, not getting lucky for a week.

fair enough