Quote from Grob109:
A couple of Q's supposing there were a pcompetition:
1. how many participants would be involved?
Looking for someone else, 1.
2. In the proposed period, how late in the period could a person enter with his initial capital of 10,000.
No late entries.
3. how many traders could one person be allowed to bank roll?
1
4. if a person were to bankroll others, would he be able to coach them?
Yes, of course.
5. As an alternative to 2. above, if it were required for all to begin at the same time, could there be a moving target goal of some specified graphically illustrated ceiling that could be broken through to cause all others to pay up the prize?
No moving target goals.
6. Would you condier having the winnings donated to a 501 (C) (3) type thing instead of just someone who already knows how to make a lot of money?
That is a possibility.
7. Why not start when we come out of the summer doldrums and then let the end be during the summer months when most skills are required? Sort of a good way to separate the classes in the fleet of racers.
I suck at trading. I may even go one step further and say that I am not even a trader. My goal is to have my A++ game by the time january rolls arond, and it is good for tax purposes.
8. How about everyone trading out of the same IB who monitors and gives us a standard bulletin on accounts?
But the same Introducing Broker might not support the same platforms that different people are familiar with.
9. Would there be a way the poorer traders could have their accounts brought back to a good winning level by setting up small groups (like foursomes in golf) to play out the last half of the contest based upon a handicapping established by the first half of the contest? A foursome of 1 and 2 with n-1 and n. I guess that screws the breakeven foursomes right off, though.
10. finally, a long contest with repeated handicapping of foursomes would be the nuts for getting people to really make the money laying around out there. Check out the one point a day loser thread running now.
Yeah, it screws it right off.... NO.
