July 2011 Trading Contest (Por rayder)
O usuário eliminou este sistema.
Discussão July 2011 Trading Contest
Jul 04, 2011 at 12:50
368 Visualizações
2 Replies
Membro Desde Jun 21, 2011
3 postagens
Jul 08, 2011 at 15:38
The purpose of this account is to compete in a trading competition throughout July. As a result the position sizing on this account is WAY, WAY in excess of what I would use with my regular demo account and, therefore, what I would use with a real money account.
Although the larger position sizes mean that I can increase profit quicker, it means that I have less 'maneuverability' than I am accustom to when using smaller positions sizes and, of course, much greater risk than I'd like. Nevertheless, the purpose of the competition is to compete to make the most profit in a month, rather than to trade for a living. With that in mind, I've put my regular demo account on hiatus this month and I'm aiming to end up within the top 5% of competitors with this contest.
Although the larger position sizes mean that I can increase profit quicker, it means that I have less 'maneuverability' than I am accustom to when using smaller positions sizes and, of course, much greater risk than I'd like. Nevertheless, the purpose of the competition is to compete to make the most profit in a month, rather than to trade for a living. With that in mind, I've put my regular demo account on hiatus this month and I'm aiming to end up within the top 5% of competitors with this contest.
An ounce of perception can take a tonne of education
Membro Desde Jun 21, 2011
3 postagens
Jul 12, 2011 at 10:36
The compounding effect on this account means that I am able to use larger position sizes as I go along, which is going to help with the exponential growth of the account needed to compete in the contest. Although I'm using what I consider quite extreme position sizing and money management to compete in this contest, it's still not going to be enough to place in the top 10 of traders in the contest (after just over a week the leader has in excess of 2500% ROC!). I'm still on target to meet my personal target of being in the to 5% of traders though. I think the most challenging thing to adapt to so far has been having to change my position sizes far more frequently than I'm use to; whereas before it would take at least a week before I would consider changing my initial position size, using this strategy I means that I am increasing my position size nearly every two trades that I do.
An ounce of perception can take a tonne of education
Membro Desde Jun 21, 2011
3 postagens
Jul 17, 2011 at 20:37
(editado há Jul 17, 2011 at 20:46)
It's been some hard work, but still making steady process on this account. I have a ROC of 187% to date, and currently exceeding my objective as I'm currently ranking in better than the top 1% of traders for this contest (53 out of 5800 contestants). I did have a few lapses in concentration on Friday but fortunately that didn't affect things too much. I want to continue the steady progress and maintain this position over the final 2 weeks of the competition.
An ounce of perception can take a tonne of education
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