Do you know how those bald-headed guys win CNBC contest?

Discussion in 'Professional Trading' started by 4DTrader, Aug 1, 2008.

  1. bet your house on one or two stocks. Well, it's not their fault, traders could only bet on 4 stocks maximum.
  2. Trading contests are always won on taking extreme positions. This is how some money managers get their start. They enter a contest ten different times, taking ten extreme approaches hoping one works out. Then they say "I won the 1999 (or whatever) US trading championship with a 245% gain...."