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It's not fair to skew the contest results but it can be done.
I've been trying to place the cookies back in the contest jar, but I was caught with my hand in the cookie jar and cookie crumbs all over my face.
Here's a summary of the math
$20K + $2K profit = $22K overall
Example 1. $2K/$22K = 9 percent return
Example 2. $2K/($22K-$10K) = 16 percent return
withdrawals of $10K at end of day
Example 3. $2K/($12K-$6K) = 33 percent return
withdrawals of $6K at end of day
Example 4. $2K/($6K-$3K) = 66 percent return
withdrawals of $3K at end of day
Example 5. $2K/($3K-$2K) = 100 percent return
withdrawals of $2K at end of day
Contests are ranked based on the competitor's portfolio return. Deposits and withdrawals made during the course of a contest can skew the PL calculation of an account. To account for these fluctuations, the following calculation is used to determine portfolio return:
fx2.oanda.com/mod_perl/fxcontest/fxcontest.pl?rm=help
The only tip I know.
1. Start with $20K the first week.
2. Make a few good trades then reduce your trading capital to half the first week, your profits will increase with the reduction in trading capital.
3. Make a few more good trades then reduce your trading capital to half again.
4. The profits keep increasing the more you reduce your trading capital....
It's simple math
yes - GBP/USD
Cable start'n to roll-over - people run'n for d'exits
closed out EUR/USD for $220
short cable @ 2.04301
It's gonna take some time for d'EUR train to turn around...d'central banks must of misplace d'memo
Short EUR/USD - Time to start praying for a little France, Spain, Italy, Portugal, and Greece Central Bank intervention....
sold d'turtle for a short on d'beast
long d'turtle @ 121.941
May God bless d'Tokyo Housewives tonight or at least to 122.50
You may be right, I closed out for 11 pips on d'beast.
(then watch it drop another 10 pips within 2 min)
I hope your wrong - d'beast has been walking in the same footsteps as d'turtle for d'last few hours.
I may be in a world of hurt!
I will just wait for d'beast to roll-over.
short d'beast 248.437
Long d'beast 248.155 (T/P - 248.50)
"We are the Borg. Lower your shields and surrender your ships. We will add your biological and technological distinctiveness to our own. Your culture will adapt to service us. Resistance is futile."
I sold early, then bought on the pull-back @ 248.170 (T/P 248.450) - I'm suck'n a goose egg for d'moment.
will do - thanks
long d'beast 248.095
Good evening folks - time for d'monkey to earn his keep.
I'm planning on skipping pick-pocket Sunday and wait till early Monday to start d'game.
I'm planning on taking him under my wing this week to help out Sufferin' Succotash....
I just make sure my Forex bowl is next to the other members on this board during the sharing and feeding times.
I still have a long ways to go before I trust myself with real money, it was only luck that I lasted the week.
How to Suck an Egg
By: M.M. O'Leary (1997)
The purpose of this exercise is to follow precise unnecessary directions issued by a higher HQ. You have been directed to be in possession of a fresh empty eggshell for no apparent reason.
Simple issuance of tasks being insufficient in any anal-retentive, career-oriented, hopelessly bureaucratic military staff society, the staff of the higher HQ have issued the following instructions:
1. The Egg. Acquire an egg. An appropriately sized egg would be a chicken's egg or one similar in volume. This egg should be; a. Not too small, as a small egg might be too fragile, difficult to hold or could unexpectedly be aspirated and lead to choking; and b. Not too large, for too large an egg would require you to suck out too much material. Remember that volume increases in a cube function relationship to dimensional increases along a single axis. A goose egg twice as long as a medium chicken's egg and similar in proportion, therefore would contain about eight times as much suckable material.
2. Egg Purchase. You can pick these up by the dozen at your local grocery. If you think this operation will require practice, perhaps you should buy a full dozen. No recovery action against the Higher HQ is to be taken as a result of this purchase. Excessive purchase requirements may be submitted on the next cyclical.
3. Identification and Marking of the Ends of the Egg. Take an egg carefully in your hand, examine it and identify the smaller end. The smaller end may be identified by measuring the outside diameter one-third of the distance from each end of the egg, the end farthest from the greater cross-sectional circumference will be the "small end." This is the end upon which the sucking will occur. The other end is the large end and, therefore, will be the end furthest from you while sucking. Using a fine tipped felt marker, mark the ends of the egg now to differentiate them later without having to repeat this determination process. Mark the small end with an "S" (for small or suck) and the large end with an "O" (for the other end").
4. Piercing the Egg. Successful sucking of an egg requires that a small hole (see below for recommended sizes) is made in each end of the egg. The following guidance is provided to assist the staff officer in establishing a hole in each end of the egg:
a. Using a small pointed object (pin, pen, unfolded paperclip, staff officer's head, etc.) to make the small holes in each end of the egg
b. Make the "S" hole, through which all egg contents will flow in a short explosive journey, 5 mm in diameter;
c. Make the "O" hole, through which only air will travel, about 2 mm in diameter;
d. Place the holes at the points where the imagined line of the longitudinal axis of the egg would intersect its shell;
e. Do not use too vigorous an action or grip the egg too firmly while effecting the required piercing. Doing so might result in a crushed egg;
f. Ensure you pierce both ends of the egg. If you only pierce the large end, you will be attempting to suck the egg through its unbroken shell. If you only pierce the small end, no air can get into the egg as you suck. You could end up collapsing the egg or unexpectedly trying to swallow it. If you feel that one hole is sufficient, then ensure someone competent in the Heimlich manoeuvre is present.
5. Setting Down the Egg. Place the egg gently on your desk. You will not need it for the next step.
6. Confirming the Ability to Suck. Before actually sucking the egg, it is necessary to confirm that you know the requisite physical actions to effect sucking. Hold apiece of white bond paper vertically in front of your face such that it gently contacts the tip of your nose. Suck! If the paper does not appear to move, but only trembles slightly, you are in fact sucking. If the paper moves noticeably away from your face, you are not sucking, but blowing. This action is inappropriate. Practice sucking until you are able to do it without error. Put the sheet of paper back in the printer, or save it until the next time an egg must be sucked.
7. Picking up the Egg. Pick up the egg. Make sure you have picked up the prepared egg with the two end holes, marked "S" and "O".
8. Bringing the Egg in Contact with the Lips. Place the pierced egg against your lips, centering the "S" hole on an opening in your pursed lips. Ensure the lips are pursed or you may end up trying to brace the shell on your teeth with undesirable results.
9. Canting the Egg. Tilt the egg upwards to ensure all of the internal material tends to drain toward the lower hole in the small end of the egg.
10. Advise on Preparing to Suck. Ensure that you use an inward sucking action. Inadvertently blowing outwards will not be successful. "Blowing" could result in your workspace, or a watching fellow staff officer, being coated with albumen and yolk. You might end up with the requisite empty shell, but you have failed to follow issued direction and been left with a sticky mess. If you happen to "blow" the egg out of you grasp, you will not even be left with the empty shell.
11. Sucking the Egg. Suck!
12. What to do With a Mouthful of Albumen and Yolk. Swallow.
13. Result of the Successful Suck. If you have correctly selected your egg and followed the above instructions, you should now be left with one empty eggshell and a bad taste in your mouth.
14. After-Action Reporting and Actions. Follow the instructions at Annex A regarding the further handling of this shell and complete the form at Annex B, with info copies to G3 Higher HQ, PaffO Higher HQ and NDHQ on task completion. Submission of Annex C, Egg Sucking Report, and approval by all Higher HQs will authorize the successful staff egg-sucker to wear the "Sucker" badge in an order and position determined in accordance with the performance criteria at Appendix 1 to Annex C and place the letters "S.T.A.F.F." after their name on all correspondence.
15. The Staff Officer's Egg-Sucking Guide. Local HQ are to reformat and produce the above instructions in the form of a pocket-sized, accordion style card for individual carriage and reference. All staff officers are to be in possession of their copy of the Staff Officers Egg-Sucking card at all times when in the following orders of dress: DEU (all), Garrison Dress, Combat, PT strip, mufti, nil.
16. Higher HQ sends.
17. Watch for further issues in this series, including: "Pulling Your Head From Your Ass", "Sucking Up", and "Smoke-Sculpting and Mirror Management - A Staff Guide to Briefing the Unaware".
I have reduced my risk tolerance, and I'm planning on modeling my Forex trading behavior after Dr_Sean for the next few days and study behavioral finance.
Behavioral Finance: Key Concepts - Herd Behavior
Link - http://www.investopedia.com/university/behavioral_finance/behavioral8.asp
You just need to treat it like a business and keep your shareholders happy at all times.
I don't trust this market - I need to turn off the computer and wait for the US Market to open. GL
deja ju
I'm not sure, but I'm planning on enjoying the view if only for a few hours.
I was taking about the FOREX contest C&P W_B
Must be from standing on d'Forex Ant hill all night guarding your gold coins.
I'm happy that my long position took a few coins from your short position.
All you had to do is hold up your magic mirror and project yesterday charting information into the future.
Just do a copy and paste, and learn from the lesson.
Living on the edge of Stupidity, Saint Peter pulled me the jaws of Cerberus and allowed me to bank a few golden coins, one would think that I would learn my lesson and start using S/L.
Under the Account Summary window you should see the following
Unrealized P&L
Unrealized P&L (%)
Realized P&L
You should be seeing the information real time....
Me no worry, three days the market will be back to normal and my carry-trades will be back in the green.
I just have to survive the night without a margin call.
hold'n my longs and collecting my interest payments
short squeeze or margin call
only 12-1/2 hours till my next payment
Ok, I'm in for the wave.
your not helping d'beast karma tonight
I disagree, I have full faith in d'Tokyo girls to support all of my various yen carry-trades....
Long GBY/JPY @ 247.601
Long USD/JPY @ 122.478
Long AUD/JPY @ 105.422
Long EUR/JPY @ 167.302
Long CAD/JPY @ 115.424
30 min before d'Tokyo girls come out in force
It's only Saint Peter with his Forex account.