These guys just started advertising on elite. a contest that whoever loses the most money wins. this has unique psychological implications--interested to see how it plays out. http://www.fxclub.com/contest/ surfer
Hmmm....... It is interesting, psychologically. I tried that on a (paper) basket once, losing as much as possible, seeing what it would take to break the bank. Worst trades i could come up with, stinkers i thought. It ended up being THE most profitable basket i tried.
Well if you win most of the time just do opposite of what you usually do. Hmmm.....maybe I should join this contest???
That is an original idea. And a great promotion, too. It's worth noting that, given the restrictive terms and conditions put in place for the contest, I believe it's going to be very hard to win it outright. Outright, as in 100% loss of that $5K demo account. As opposed to merely losing more than the other players, thus winning by default. The draconian terms I am referring to are: - 20:1 leverage - no more than 4 executions (= 2 RT trades) per day - 10 trading days. That's a real challenge for any professional right there (no kidding). I'd bet most takers will fail miserably and will not manage to lose even 80%. Hey, where's Mike Parker when you need him?
Let us know how you go surf, (uh, tom arnold) i feel a bit gipped at not getting into the grain contest, and this time frame doesn't suit me. May give it a go though, my forex work always kinda sucked.