Who does that anyway? RCG has no idea if he's competing with fellow pikers or 800 lb gorillas. He's like the guy standing toe to toe with another guy shouting obscenities threats and predictions of winning. Just before the other rips his fucking lungs out. As if all the bluster somehow guarantees his success.
1) people who have no intention of following up and fools. I predict it's going to take another week of incessant shaming to get him to post an equity snap shot for accurate returns calculations. this is telling: I imagine rcg is trying to figure out if having 10-15, accounts funded at 100$ is going to be his strategy.
Very fitting description of RCG hes the one with all the bluster and no brains, like this kid in the video. <iframe src="http://www.ebaumsworld.com/media/embed/81405174" width="567" height="345" frameborder="0"></iframe>
Probably, look how long it took to brow beat him into even starting a journal. And even then his "first day of trading analysis" is on - a Saturday. LMAO The guy is too fucking stupid to even look at a calendar.
I can see RCG's plan. Take a $500 account and just make one $500 trade and if he only reports percentages he will have a 100% return. Certainly PT will not gamble $500K to get a 100% gain. So, game over. On the other hand, if you only report $ profits, RCG's $500 account will never be able to return a dollar amount to beat a $500K account. So, you guys need to define some rules for comparison and verification. RCG will never do that because he is a liberal and liberals like to make up the rules as they go along so they can always cheat to win.
1) I don't have a problem relatively rapidly committing 100% of equity if I see a position/idea I want to take. I'm a position trader not a ( speedy gonzales) day trader We have agreed to use percent gain of start equity. http://www.elitetrader.com/vb/showthread.php?s=&threadid=254073&perpage=6&pagenumber=15 I suspect rcg will divided things up like feeder funds do and cherry pick the best return. I don't care the challenge is all in fun to me. If rcg wants to cheat I'm sure he can but he has a way of sticking his foot up his ass on his lies, this case won't be any different.
I would think that is going to put you at a disadvantage unless RCG blows up. If you are trading the same vehicle, you should both start with an account of the same size. But, like you say, it is just for fun and to watch RCG squirm and lie.
It should be measured in "pips profit", something normalized like that. But the discussion is academic because RCG is going to fabricate his trades.