Everybody of us knows the fact that it is needed to make constant profits to be succesful in the market.
What do you guys think of a tournament with the following rules:
1.) Try to provide the longest profit row
2.) If one single loss occurs your row is broken and needs to be built up again.
I want to try this because I believe it could motivate us to make constant profit.
I do the start:
My latest profit-row is from 21.12.2005
21.12.2005 - [+1]
23.12.2005 - [+4]
29.12.2005 - [+3]
To view it go to my weblog or click on my signature.
edit
Here some more rules, based on math:
Trader A is holding an account of 1000 Euro, Leverage: 400:1
Trader B is holding an account of 1000 Euro, Leverage: 400:1
They're both trading the market for 2 days. Both Traders are trading with their whole accounts balance.
Trader A performs today +10 Pips. Tomorrow he performs +0 Pips.
Trader B performs today +5 Pips. Tomorrow he performs +5 Pips.
Who is doing better?
Let's figure this one out. Using the following calculator: http://www.oanda.com/products/fxmath/profit.shtml
Trader A:
first day:
accounts balance: 1000+333.05 = 1333.05 Euro
percents_to_add: +33.305%
Trader B:
first day:
accounts balance: 1000+166.59 = 1166.59 Euro
percents_to_add: +16.659%
Trader B:
second day:
accounts balance: 1166.59+194.35 = 1360.94 Euro
percents_to_add: +16.65966621%
Accounts comparison after two days
Trader A: 1333.05 Euro
Trader B: 1360.94 Euro
==> Trader B was more succesful in the same amount of time.
Imagine a Trader C who would do every day +1 Pip Profit.
I believe this leads to the following rules:
3.) if the gained pips are the same, compare the length of the row of profit. More length, more succesful
4.) if the length of the row of profit is the same, compare the gained pips. More Pips, more succesful.
What do you guys think of a tournament with the following rules:
1.) Try to provide the longest profit row
2.) If one single loss occurs your row is broken and needs to be built up again.
I want to try this because I believe it could motivate us to make constant profit.
I do the start:
My latest profit-row is from 21.12.2005
21.12.2005 - [+1]
23.12.2005 - [+4]
29.12.2005 - [+3]
To view it go to my weblog or click on my signature.
edit
Here some more rules, based on math:
Trader A is holding an account of 1000 Euro, Leverage: 400:1
Trader B is holding an account of 1000 Euro, Leverage: 400:1
They're both trading the market for 2 days. Both Traders are trading with their whole accounts balance.
Trader A performs today +10 Pips. Tomorrow he performs +0 Pips.
Trader B performs today +5 Pips. Tomorrow he performs +5 Pips.
Who is doing better?
Let's figure this one out. Using the following calculator: http://www.oanda.com/products/fxmath/profit.shtml
Trader A:
first day:
Inserted Code
Primary Account Currency: EUR Currency Pair: EUR/USD Opening Rate: 1.2000 Closing Rate: 1.2010 Action: Buy Number of Units: 400000 (1000*400) Profit: 333.05 Euro
percents_to_add: +33.305%
Trader B:
first day:
Inserted Code
Primary Account Currency: EUR Currency Pair: EUR/USD Opening Rate: 1.2000 Closing Rate: 1.2005 Action: Buy Number of Units: 400000 (1000*400) Profit: 166.59 Euro
percents_to_add: +16.659%
Trader B:
second day:
Inserted Code
Primary Account Currency: EUR Currency Pair: EUR/USD Opening Rate: 1.2000 Closing Rate: 1.2005 Action: Buy Number of Units: 466636 (1166.59*400) Profit: 194.35 Euro
percents_to_add: +16.65966621%
Accounts comparison after two days
Trader A: 1333.05 Euro
Trader B: 1360.94 Euro
==> Trader B was more succesful in the same amount of time.
Imagine a Trader C who would do every day +1 Pip Profit.
I believe this leads to the following rules:
3.) if the gained pips are the same, compare the length of the row of profit. More length, more succesful
4.) if the length of the row of profit is the same, compare the gained pips. More Pips, more succesful.