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Suggestion for second Trader Contest
 Post subject: Suggestion for second Trader Contest Post rating: 0   New post Posted: Fri 25 Mar, 2011, 11:07 

User rating: 0
Joined: Thu 02 Sep, 2010, 05:01
Posts: 49
Hi Support,
I report some statistics about the Trader Contest till now:

888 total trades

161 traders are profitable (18%)
184 traders didn't trade
543 traders are in loss (61.1%)

Many traders make mistakes during first two weeks, so they learn from those mistakes then they correct the strategy
and would desire to restart trading but they have to wait till the beginnig of the following month. So it should be great if
there were a second Trader Contest that starts on 15th of month and ends on the 15th of month after (it even would
last one month). If the prizes would be a troubles you could halve the prizes for the two contests.

Best regards,
Frank


 
 Post subject: Re: Suggestion for second Trader Contest Post rating: 0   New post Posted: Fri 25 Mar, 2011, 11:43 

User rating: 0
Joined: Wed 18 May, 2011, 11:25
Posts: 60
Location: DE
Most traders make mistakes every single day. If you found your mistakes during 2 weeks, that's nice. So you can test your strategy for the next 2 weeks and restart with it next month. Where is the problem?

You are only thinking about the prizes that you can win, but you should focus on your strategy. If you have a winning strategy, you don't really need the prizes, your strategy will give you all what you want and more ;-)


Greetings,
Tom


 
 Post subject: Re: Suggestion for second Trader Contest Post rating: 0   New post Posted: Mon 28 Mar, 2011, 09:38 
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User rating: 8
Joined: Wed 21 Apr, 2010, 10:42
Posts: 1167
Tom299 wrote:
Most traders make mistakes every single day. If you found your mistakes during 2 weeks, that's nice. So you can test your strategy for the next 2 weeks and restart with it next month. Where is the problem?

You are only thinking about the prizes that you can win, but you should focus on your strategy. If you have a winning strategy, you don't really need the prizes, your strategy will give you all what you want and more ;-)


Greetings,
Tom


Generally, you gave the right reply.

We understand that many traders deplete their account within 1-2 weeks. But that's a competition and that is normal. We do not see a problem there since everybody has the chance to restart in a month.

Running 2 identical contests in parallel does not bring any added value to the concept of the contest. Except for the case if this turns into a mere prize run...


 

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