Sorry....posted on the wrong board....knew that would happen...& it sure didin't take long....lol
I shoulda've posted the following here....
"& w/re to my competition idea....I'll respectfully disagree w/ya.....I like to think folks around here have thick skin & can handle it.....+ it would provide an incentive to take it more seriousley...especially at the end of the month when folks tend to trade outside of their typical strategy in order to pull off a huge late game comeback ...which I happen to think is wrong....it should mirror as much as possible the prior weeks...otherwise it is not a true guage of ones' consistent performance over the long haul.....in short, someone could have an awesome 3+ weeks & then someone else whose been in the crapper can simply throw it all up for grabs & get lucky stealing the other persons 'thunder'. & din't you previosuly say that the true spirit/nature of the comp wasn't in the #'s....it was to train & help folks become better overall traders? If that's the case, wouldn't a better trader be one who trades in a steady, consistent risk reward manner?
This idea would help to emplore that mentality imo.
No worries...just thot I'd add in my 2 pennies worth on your reply....either way....& if one truly wants to gauge their 'over the long haul' roi (which everyone should be doing if they truly want a good yardstick to go by) they should already be keeping track of all their monthly roi's & thus being well aware of their collective averages as times marches on....after all, if you don't truly know where you stand, how can you possibly begin to improve?
I'm a firm believer that one learns far more by their losses than their wins.....& the mistake many folks make is exaggerating their wins & forgetting about their losses. A mature trader is not fearful of losing, in fact if one embraces their losses in a productive way, it can prove to be far more educational than any gains."
