Friday, December 14, 2012

Fri. 12/14

2:05pm CST - Got caught in the chop today with CL having less than a dollar range on the whole day.  Hard to make money trading that.  I should have stopped at +$300 in hindsight.  For the week, net gain +$1102.

Got to wonder what it says when trading educators/mentors battle it out in a trading competition and the winner of each round is typically the one that loses the least amount of money!  Not many winning examples here.

Net breakdown (contracts traded):
CL -$597(15), GC $237(12)
RESULTS FOR DAY
Contracts:27
Net $P/L:-360
Wins:12
Losses:14
Win%:46
Avg$Win:69
Avg$Loss:-85

4 comments:

  1. Other than publicity for the participants, I can't think of ANY value for a 1.5 hour per day trading contest...

    (Of course, I am biased. I like those year long, real money contests...)

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  2. 8am thru 9:30am are the "contest" hours? As if there are automatically supposed to be profit opportunities in there, simply because someone picked those random hours for an asnine contest?

    Exactly why I laughed and declined without seoond thought when asked. That's no fair contest... it is a media ploy pandering to the fruit-fly attention span 95+% of aspiring traders possess.

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  3. A good guru probably a bad trader, but I admired their ....whatever

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  4. I agree. They could have at least made it a week long or something. Or done a TST Combine!

    ReplyDelete