Traders Laboratory Forex Trading Contest!

[Mysticforex 13]

Friday, August 31 is the last day one can sign up for the contest. I will log on to Oanda on that day at 10:00 PM EDT ( GMT -5 ) to see if there are any last minute contestants.

The contest begins the next trading day ( for me that would be Sun 9/2 at 5:00 PM

 

So far we have 8 contestants. Are we all agreed on the Draw down rule? Speak up.

This is not MY contest it is OUR contest.

[Obsidian 10]

...So far we have 8 contestants. Are we all agreed on the Draw down rule? Speak up.This is not MY contest it is OUR contest.

 

that seems ok, I mean there is no need to limit people's risk appetite

[kuokam 10]

5% DD limit on any single trade and 20% overall?

[Mysticforex 13]

5% DD limit on any single trade and 20% overall?

 

 

We can't differentiate DD on a single trade, Oanda is not set up for that. Just Max DD at any given time.

[nviet 10]

Friday, August 31 is the last day one can sign up for the contest. I will log on to Oanda on that day at 10:00 PM EDT ( GMT -5 ) to see if there are any last minute contestants.

The contest begins the next trading day ( for me that would be Sun 9/2 at 5:00 PM

 

So far we have 8 contestants. Are we all agreed on the Draw down rule? Speak up.

This is not MY contest it is OUR contest.

 

it seems ok to me

[Ingot54 13]

I'm happy :cool:

[Mysticforex 13]

Ok hen it looks like we are ready to roll. Just waiting/hoping for a last minute entry or 2.

[kuokam 10]

I believe we can trade gold and silver as well ?

[Mysticforex 13]

I believe we can trade gold and silver as well ?

 

If you are non US resident I believe you have that on your platform.

[Mysticforex 13]

We are officially started. We had 9 entrants but have 1 resignation.

Good Luck to all !!

[Obsidian 10]

nice good luck and happy trading

[kuokam 10]

My account was not brought back to the 100 000 starting amount and instead continued with the prevailing amount. Am I alone?

I had not opened the account for the competition especially, I already had it

 

 

We are officially started. We had 9 entrants but have 1 resignation.

Good Luck to all !!

[Ingot54 13]

My account was not brought back to the 100 000 starting amount and instead continued with the prevailing amount. Am I alone?

I had not opened the account for the competition especially, I already had it

No, Kuokam, it does not matter.

 

My acc was also started with an odd amount because of interest on the $100,000 added over the past days since I opened it.

 

What DOES matter now, is that you do NOT alter the amount in the acc by adding/subtracting, because the contest is worked out on percentage gains and losses, not $$ gains/losses as such.

[Mysticforex 13]

First day. As expected not much activity, Big holiday in the States.

[kuokam 10]

Oh, I see. Thanks Ingot

 

 

No, Kuokam, it does not matter.

 

My acc was also started with an odd amount because of interest on the $100,000 added over the past days since I opened it.

 

What DOES matter now, is that you do NOT alter the amount in the acc by adding/subtracting, because the contest is worked out on percentage gains and losses, not $$ gains/losses as such.

[Mysticforex 13]

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[ForexTraderX 10]

Mystic, I just wanted to post a quick apology for flaking out on the entry to the contest... Ya know, I was really pretty excited about this, but as I started registering I realized that the pressure of trading in a contest right now will be in conflict with my own personal psych work i'm currently focused on with my actual trading.

 

I'll spare most of the details, but I'm working on eliminating goals, profit targets, expectations, etc....

 

As I was registering, I realized that I would not be able to trade competitively without thinking about goals, targets, "catching up if I fall behind", "trying to make the most of every opportunity", etc... and these are the exact issues i'm working to eliminating from my own trading!

 

Probably some time in the future but for now I will have to sit this one out. As much fun as I think it could be, I can't risk getting into something that has a decent chance of becoming somewhat counter productive for my own trading and psych development

[Mysticforex 13]

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Mystic, I just wanted to post a quick apology for flaking out on the entry to the contest... Ya know, I was really pretty excited about this, but as I started registering I realized that the pressure of trading in a contest right now will be in conflict with my own personal psych work i'm currently focused on with my actual trading.

 

I'll spare most of the details, but I'm working on eliminating goals, profit targets, expectations, etc....

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As I was registering, I realized that I would not be able to trade competitively without thinking about goals, targets, "catching up if I fall behind", "trying to make the most of every opportunity", etc... and these are the exact issues i'm working to eliminating from my own trading!

 

Probably some time in the future but for now I will have to sit this one out.

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Completely understand.

 

I've participated i so many contests I don't give it a second thought. We'll catch you at some future date.

[Mysticforex 13]

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Re prev message. I don't know why the quote did that, I tried editing but couldn't get it straight

[Mysticforex 13]

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[Mysticforex 13]

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[nicoacademia 10]

me:crap:

 

ill b back for the next one with a better survival rate of less than 2 days.:rofl:

[Mysticforex 13]

To all. Please feel free t post any reasons, descriptions of the trades you have taken. It's not mandatory but I am sure a lot of people would find it interesting.

[bobcollett 10]

To all. Please feel free t post any reasons, descriptions of the trades you have taken. It's not mandatory but I am sure a lot of people would find it interesting.

Hi Mysticforex

Are non participants allowed to comment?

bobc

[Mysticforex 13]

Hi Mysticforex

Are non participants allowed to comment?

bobc

 

 

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Of course. Comment or ask questions.