The Race

[thalestrader 14]

There is no doubt that $800 is at (or maybe below) that fine line, especially with ES.

 

Perhaps, since you are only trading one lot, you could use the YM @ $5/tick as your initial instrument until you come up with an approach that suits you.

 

Best Wishes,

 

Thales

[amswak 10]

I am keeping a master spreadsheet, which is tracking the cumulative results of all those who are and have participated. I will continue to keep the master spreadsheet, and I will post its results at the end of week 20.

 

For race record purposes, I have put in $930 to date and my total losses are $821.77 (including broker fees). My current balance is 108.23. I am not sure how important it is to post statement images proving I am out currently of the race...lol.

 

I had set aside $1800 at the start of the race, but as I said before I am not putting more money in until I get back in town in the second week of June.

[MightyMouse 12]

I am keeping a master spreadsheet, which is tracking the cumulative results of all those who are and have participated. I will continue to keep the master spreadsheet, and I will post its results at the end of week 20. I think that given the small starting stakes and the relatively few participants that it is unlikely that the cumulative losses accrue above a five figure level.

 

Best Wishes,

 

Thales

 

I would guess that the positive balances will be slightly less than the cumulative negative balances unless someone gets on a nice streak. It will be interesting to see.

[amswak 10]

Perhaps, since you are only trading one lot, you could use the YM @ $5/tick as your initial instrument until you come up with an approach that suits you.

 

Best Wishes,

 

Thales

 

I forgot about YM! Yeah, that will probably be better than TF, at least until I can get the account up to a decent amount...

 

Thanks!

 

Hunter

[thalestrader 14]

... but as I said before I am not putting more money in until I get back in town in the second week of June.

 

No problem, amswak. Once you are ready officially to re-enter, I will re-list you in the summary. Once you re-enter, I will start you right where you left off. I just thought that since you said you wanted to sim trade some strategies, it would be better to remove you from the active roster so as to not perhaps influence you into a premature return.

 

If do you wish for me to continue to include in the current active roster, just let me know, and I will re-list you immediately. For the record, I don't consider you out of The Race unless you say you are out for good, as you made your intentions perfectly and publically clear here in the thread. If you think it would be better to keep you listed as active, I will readily do so. If you prefer me to keep it as I have it for now, then rest assured that when you're ready to return, we'll be ready for you. And I do hope you get the million (along with everyone else in The Race).

 

Best Wishes,

 

Thales

[amswak 10]

I would guess that the positive balances will be slightly less than the cumulative negative balances unless someone gets on a nice streak. It will be interesting to see.

 

lol, and then, once someone wins, we can all use it as our baseline for how large of an account you should really have to make it to a million dollars. oooh, then if we make a slick name for it and call it a trading rule, we can write a book and make another million! I can see it as a best seller on Amazon now: "The Thales Number: How to Make a Million Trading" I will be waiting for my royalty check to come in the mail for my part....

[Attila 10]

Hi Folks,

 

Here is the week four update. I have removed those who have not provided any update nor a PM with closing equity.

 

 

I have also decided that we ought to acknowledge the current leader, and going forward, the leader will be shown with a green "leader jersey" and special font. This week saw the third lead change of The Race. Congratulations to fxcowboy, the current leader!

 

I wish everyone a great week.

 

Best Wishes,

 

Thales

 

You could also simply sort the list for easy visual ranking..

[FX_Cowboy 10]

Trades for 5/23 are attached.

[fxThunder 10]

I found that the day really tested my patience ito sticking to my plan. I nevertheless managed to do that and am happy with the result.

 

My statement makes it look like I did a lot of trading today but in reality I just closed out a few small trades from last week. I took 4 trades today and have a few short runners on in the EURUSD and EURJPY.

 

Cheers,

fxT

 

EDIT: closed out the balance of my trades. Will post an updated statement tomorrow. Just too tired now.

Edited May 24, 2010 by fxThunder

[Attila 10]

Stament for 05/25... Overtraded.. I knew it was chop and traded chop..

[FX_Cowboy 10]

Attached are trades for 5/24.

[fxThunder 10]

Today's trades, including the last scale outs after yesterday's statement.

 

Cheers,

fxT

[sicktrader 10]

Hey Guys,

 

Sorry but I did not post a statement today, and hope to at some point on Wednesday afternoon. For Monday and today. I did trade though, lost some yesterday, and won some today. This travelling sucks and limiting my ability to post my statements. It should all end on Wednesday though.

[yeaheah 10]

Haven't traded yesterday and today.

Developing a new strategy so i think tomorrow with new trades.

[Attila 10]

05/23 Statement......

[dwt 10]

I just ran across a promotion from CMS Forex: Open an account (with none of your own money) and they'll deposit $50US in it.

 

Thales, I think you have a great thing going here (and I'll enter soon), but wouldn't it be the coolest to imagine a contest where everyone starts with literally nothing and races to some real goal?

 

Regards.

 

dwt

 

PS. I'm in no way affiliated with CMS...

[Attila 10]

Got my commissions down to $2.3 RT.. whooohoo!

[gladiator1708 10]

I'm in, I'll start with my humble account

Edited May 26, 2010 by gladiator1708

[FX_Cowboy 10]

Attached are trades from 5/25.

[sicktrader 10]

Gents,

 

I have seen enough and am moving to another system that works better in this type of market. I will be back this evening, so I will post all missing statements upon my return. Onward and upward.

[FX_Cowboy 10]

Attached are trades for 5/26.

[MidKnight 12]

Huge day for you FX_Cowboy - congratulations!

[amswak 10]

Huge day for you FX_Cowboy - congratulations!

 

+1 congrats on a great day!

[FX_Cowboy 10]

Thanks for noticing guys. This is probably my best day ever in percentage terms. There was plenty of movement today in EUR/USD, and that helped a lot.

 

Best regards,

FX_Cowboy

[fxThunder 10]

Thanks for noticing guys. This is probably my best day ever in percentage terms. There was plenty of movement today in EUR/USD, and that helped a lot.

 

Best regards,

FX_Cowboy

 

Agree with the others - that is some really nice trading!

 

Cheers,

fxT