city index trading academy

isatrader

Senior member
So far all it's showing is that it's not a good idea to over trade. So might not end up being the advert that they want it to be.

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Vasco da Banana

Established member
Overall, it looks like they're doing far worse than if they'd entered random trades. This should be a great source of inspiration and lulz.
 

donaldduke

Experienced member
lol.. these guys are over day trading the FTSE from a spread bet account.. been there done that.. lol.

i thought City Index may fix it so at least one person makes a respectable return.. they still might do that.. but its not going to end well if they continue to over trade like this.

Is it going to be the case of the guy who loses the least takes home the 100K? In which case a sensible strategy might just be to stay as close to break even until the end.
 
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isatrader

Senior member
They all seemed to have stopped tweeting since last week. Maybe they've pulled the plug on it already.
 

Hoggums

Senior member
Maybe they've all stopped trading because they realise the only way they are going win is not to trade.

Personally I can't believe they'd even try this. Any experienced trader would know you can't teach newbies to trade successfully in such a short time. Perhaps if they took on 1000 candidates then a few would make a lot of money - by chance. But only 8 - pretty low odds in my opinion.

You can't replace the experience of making mistakes, taking losses and witnessing live price action first hand that seems to be moving in defiance of common sense.

I think city index could come out of this looking pretty bad.
 

counter_violent

Legendary member
Maybe they've all stopped trading because they realise the only way they are going win is not to trade.

Personally I can't believe they'd even try this. Any experienced trader would know you can't teach newbies to trade successfully in such a short time. Perhaps if they took on 1000 candidates then a few would make a lot of money - by chance. But only 8 - pretty low odds in my opinion.

You can't replace the experience of making mistakes, taking losses and witnessing live price action first hand that seems to be moving in defiance of common sense.

I think city index could come out of this looking pretty bad.

and then some !

what on earth possesed them to do this...the mind boggles.
 

donaldduke

Experienced member
Interesting that James Absalom is down the most and will probably be the first to get the boot.
He was the one who is planning to buy and fast car with the prize fund.
I think the first Turtle to get the boot from the original Turtle program had similar ideas.
 
 
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