OK, I see, your words were about contests crap, not real life everyday trading... Then everything you said is absolutely reasonable... Not forget ,this which performed in contest with great chance better in everyday trading (with decreased risk) -Schwartz.Miniervini,Mark D.Cook &
Sure, trading is trading. But I don't think it is a good idea to give a novice samples from contests. It can give a wrong conception of risk management to unprepared person. Plus winning in a contest by catching a lucky streak of profitable trades with extreme risk has nothing to do with trading results of steady and smotth equity curve year after year. Only second example deserves any respect for me.
CFerret Sure, trading is trading. But I don't think it is a good idea to give a novice samples from contests. It can give a wrong conception of risk management to unprepared person. ############################# ? From risk management point of view - 1.Not send to www.marketzar.com any cent 2. Try win place 1-7 by short 3 hours contest by marketzar.com without charge . place 4-7 give you a right to participate in long 6 hours contests with 1500$ for 1 place without 50$ charge All operators ,which won 1 place by www.marketzar.com have real time accounts ,if you win 1 place ,you are good . Author won 1 place,2 place but have had conflict with money transfer/payement .After author pressed www.marketzar.com to pay money with court and fbi ,money was payed ,but for author was denied possibility to participate in folloving contest's Rule -not send to any broker any cent ,with exceptions this ,which was won by trading contest as price money . That is risk management P.S. It is not any doubt ,that exist by www.marketzar.com multiple operators ,which are better as author - serg851,commodity and anothers & ,but author have had a chance to win some 1-2 first place per year . Author have alsov price's by another contests in Europha and USA
Plus winning in a contest by catching a lucky streak of profitable trades with extreme risk has nothing to do with trading results of steady and smotth equity curve year after year. Win contest multiple time ...
Gentlemen some link's ,which can be usefull for you - Only for information . It is not suggest ,that author support this or another opinion . .. http://www.seykota.com/tribe/ http://www.turtletrader.com/ http://minerviniprivateaccess.com/ http://www.markdcook.com/ http://www.rentec.com/ http://www.marketzar.com/ risk ad'justed for fund manager http://www.pfgbest.com/cta/contest_details.asp Robbins tradÃng ,but result of L.Williams is deceptive statement through NFA http://www.robbinstrading.com/intro.htm
I guess I am beginning to understand what's your interest in this contests BS... Looks pretty much like advertising to me.
I guess I am beginning to understand what's your interest in this contests BS... Looks pretty much like advertising to me. They are all have a problems ,but this problems essentialy equal to problems by non contest trading ... ################# But contest you can try to perfom this task without capital risk No adv .Opinion exchange only . Best wish ...
CFerret Why would I want to mess with contests at all? Most heavy task 1.- win contest under competitions pressure with record 600-900% 2. - More light task -win contest without record 3- Lighter as 2 , perform year of trading with perfomance equal to your month prefomance (decreased risk ) no competitions ,time is no critical .Operator which was contest winner would have reserve in quality by normal trading against another's ....
Making "600-900% under competitors pressure", but WITHOUT REAL $$$ PRESSURE is WAY EASIER task than making consistent income year in year out with your real money on a stake making 100's or 1000's of trades. When you don't risk money - just risk like crazy in a contest and catch a streak and bingo - you're the winner! You risk NOTHING except some time and can always try to catch a streak next time. Where's the pressure here? I don't see any. Not more at least than playing poker for fake money. Thats why IMO these BS contests of "600-900%" have no real value in measuring trader's professionalism. They can only impress complete noobs, but no serious people would ever even consider these numbers... Merry Christmas!