Are we posting on the same day? "Stuck in 1450 (fut's) Hell" is what I told my traders today, but as they say, who knows. About 11:35 Eastern time. Don
No sim fees Don. The sim uses a commission rate to replicate net p&l in the "real" world. Nobody I know of in the real world can trade commission free, not even Goldman! Don, do you watch football? The word combine comes from the NFL combine where guys get to showcase their talent in front of NFL scouts to either improve their position in an upcoming draft or if they are an older player, show that they still are healthy and have the goods to deliver. That is how the word combine is being used here. It allows traders to showcase their talent.
1) ?.....the "trader" got off to a poor start, was probably under duress, and then had his best day......on his LAST DAY. :eek: 2) I wonder what time it was on the last day when he offset his last open position to satisfy the profit objective? Was it early in the day or near the close? 3) Again, I hope the guy can start earning some "real money" but it seems he "barely crossed the finish line" with "nothing left in the tank".
I've noticed this a lot and I've mentioned it many times on this thread. The problem is when guys are at the end of the combine and they are "probably" not going to qualify, they have nothing to lose by gunning it the last day. And many of them do and have their best day. You could also argue that they are under the least amount of pressure on the last day if they "think" they are not going to qualify anyway.
The rules are structured to prevent this. But I agree they are probably trading scared at the start and become a gunslinger at the end. That is the problem with fixed number targets. None of us know on any given day what we may take out of the market