Niederhoffer's year end contest! ($2500 prize for 3 best 2011 trading ideas)

If you know any pharma reps, ask about doctors who'll stand in line at a tradeshow half an hour for a sleeve of golf balls...

 

I think a year is just way too long to wait for having fun. Maybe he should run it monthly with a smaller prize. Hell, money isn't even needed, after all this is academic/entertaining, just being mentioned as the monthly winner on the website would be worthy to try.

Not to mention if after a few months there is a winning pattern to someone's advice/prediction, it might be worthy to follow that person.

 

2500 for a prize? imo-that's just pathetic..IB use to pay 100K and the job

http://www.interactivebrokers.com/en/general/about/mediaRelations/03-26-09.php?ib_entity=llc

 

I suppose the upside to this side show is that perhaps he's finally realized his own trading ideas are catastrophic.

 

Will we be paid with silverware?

 

He is smart and he know that a breakthrough cannnot be made or offered by those who are already in the game but from someone who is an outsider, probably a kid or an unemployed factory worker. Those will take the 2.5K.

 

For those with questions, the contest is now fully explained on the
http://www.dailyspeculations.com/wordpress/ web page.


The start of the year can be a fruitful time to look for trend change type trading ideas. It is definitely worthwhile to set up for and generate ideas on. 2009 Bonds was a wonderful example of this that was very satisfying.

The thing I have noticed though is that , it can be hard to formulate the rationale for the best ideas. The trading brain does not seem connected to the verbal/communication brain.

However, if I come up with any coherent Ideas I will be trading I will also post them to the dailyspec site.

 

such approach is pathetic(just like the reward)
read more about IB's Olympiad and learn the "right" way to find a talent. read about rules and restrictions of the game.

breakthrough from a factory worker for 2.5K? good luck with that.

 

Yeah, that about sums-up old Vic's only strategy.
Twice it led him to disaster.
Of course, he could have covered by using credit spreads instead of naked short sales.

 

Could'a, should'a, would'a, might'a, if only'a.