We are happy to announce that MrGekko has won the Jigsaw Leaderboard contest for the 2nd month running. With a P&L for the month of just over $19k and a consistency rating of 59. His win rate remains the same at around 44% and his winners are approximately 2 times his losing trades on average. He wins the $500 cash prize. For more information on the winner and the improvements made by many of the other participants, click here for the full results.
Those numbers I can believe. With such results being your contest's best... it should give starry-eyed ET trader wannabes a realistic sense of what can be accomplished. What does "consistency rating of 59" mean?
Yup - none of these results are "turn $1,000 into $1,000,000" We had a chat with a couple of prop firms and asked "how do you decide if someone can go live". Based on the metrics they gave us - we built up a ratings system that rated based on the things they look for - like daily drawdowns, ability to recover from losses and a bunch of other stuff. We figured it'd be a better measure than PnL 'cause someone could just take a big swing at the end of the month to win. Which of course is why you don't see the "turn $1,000 into $1,000,000" on there - although I am sure I'm shooting myself in the foot doing that!
No - it's not 59/100 - the max differs by month depending on the number of trading days. It's a mix of live & demo accounts. The top traders from a P&L perspective are live. MrGekko, the winner is in a prop firm and duplicating his firm trades on the leaderboard. The other is reporting his live trades from a non-prop environment. Would be nice to see a home trader kick the prop traders ass into touch... ;-)