Anyone taking the CME's Trade Against a Pro Trading Challenge (in less than 30 minutes from now)?

Trade Against a Pro Trading Challenge

 

I was going to but have decided not to compete in this one because of the unusual market conditions due to the Covid-19.

Simply, I'm going to be focusing on my real trading and not this simulator competition although I'm a big fan of these CME Group trading competitions.

I'm going to predict we'll get some crazy wide swings in the leaderboard in comparison to prior competitions and that the final results will have unusual numbers too.

Yet, the one number I will be curious to see is the number of registrations. Curious to see if it will be a lot more due to most are now home bound in comparison to the prior competitions.

Good luck.

wrbtrader

 

Sir, you won't be crying yourself to sleep for missing out. That's because this time it's really strange. I mean REALLY funky weird.

They're only offering the "micros" and the category is limited to Index, Gold, and Fx.

The last competition was pretty crappy by any stretch of imagination but this one is out-of-this-world crappy.

Oh, BTW, you can only enter up to 10 lots (as was before). But now that you can only buy/sell micros, that means you're buying 1 lot of the eMini.

 

It was spelled out in their e-mail which was sent on April 21st...

"
Trade Against a Pro Challenge
New to Futures? Try Micro E-mini Equity Indices, Micro Gold, and Micro FX.

 

Well, as an extension to the regular lineup. Never thought these were the only ones in the offer.

 

Great marketing to draw in the locked down masses. It is a boon for trading educators as well.

 

Agree...

After multiple complaints by many users about the archaic trade execution platform in the prior trading challenges...

I'm a little shocked the only thing they can do is offered these particular trading instruments when prior competition challenges allowed one to trade any futures on the U.S. exchanges.

These must be trading instruments that need further exposure especially in their education offers.

The timing is suspicious because usually they've had a trading challenge I think in either February or March...they didn't have that this year. Most likely they started to see the crazy volatility and decided to postpone the challenge until the volatility levels were calmer with calmer overall markets.

wrbtrader

 

World's biggest exchange is offering less than $5000 in prizes?

 

Totally not interested.

I am not interested to trade against a pro.
I am only interested to trade so as to earn money ( which could be trading in line with a pro,
or against a pro).

 

Yeah, they definitely want to give the Micro futures some exposure away for the other more well establish futures.

I believe they've done this before soon after the introduction of the Micro Emini futures in which the trading challenge concentrated on the Micro futures.

wrbtrader