city index trading academy
- Thread starter piggybridges
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kimo'sabby
Experienced member
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Hey! Get t'fnck! I'm the real Jimmy Asbo!
Trade4Loss
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How do you get in these "games"?
Spend the night researching around the clock ALL POSSIBLE instruments/trades available and go for the ones with the LOWEST downside. If they do not make money, fine. If they do, fine also.
Handing out 100K just like that makes me believe this is an advertisement and 100K will probably be never paid out. They probably pay each participant some kind of a "salary".
I have to admit, making money is HARD. But avoiding losing money and preserving capital is relatively easier. When I started, it took me 6 months to move into profit. I was hovering around my starting mark simply because I always went for the trade that was RIGHT; i.e. lowest risk possible for whatever reward and not the other way round.
Rookie mistake is to look for high POTENTIAL reward trades and then end up justifying in your brain with "research" (basically ignore all negatives and read with excitement all positives indicators/news etc.) why its worth the "small" risk.
PS: In my book, if you can trade (make money that is) then by DEFINITION you are good enough to realise that you possess an INVALUABLE set of skill/knowledge. NOTHING is valuable enough to justify trading your skill/knowledge for. This is why all seminars/robots/secrets/magic/books/and other ******** are useless, because they falsify the tautology; if you can make money by clicking a button then nothing can match that in terms of value to justify giving your skill/knowledge away for.
PS2: You can safely conclude that I do not have the magic skill/knowledge combination yet, simply because I am posting this!
Spend the night researching around the clock ALL POSSIBLE instruments/trades available and go for the ones with the LOWEST downside. If they do not make money, fine. If they do, fine also.
Handing out 100K just like that makes me believe this is an advertisement and 100K will probably be never paid out. They probably pay each participant some kind of a "salary".
I have to admit, making money is HARD. But avoiding losing money and preserving capital is relatively easier. When I started, it took me 6 months to move into profit. I was hovering around my starting mark simply because I always went for the trade that was RIGHT; i.e. lowest risk possible for whatever reward and not the other way round.
Rookie mistake is to look for high POTENTIAL reward trades and then end up justifying in your brain with "research" (basically ignore all negatives and read with excitement all positives indicators/news etc.) why its worth the "small" risk.
PS: In my book, if you can trade (make money that is) then by DEFINITION you are good enough to realise that you possess an INVALUABLE set of skill/knowledge. NOTHING is valuable enough to justify trading your skill/knowledge for. This is why all seminars/robots/secrets/magic/books/and other ******** are useless, because they falsify the tautology; if you can make money by clicking a button then nothing can match that in terms of value to justify giving your skill/knowledge away for.
PS2: You can safely conclude that I do not have the magic skill/knowledge combination yet, simply because I am posting this!
Lightning McQueen
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NVP
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ok now looked at the website....great marketing idea and will pull in new revenue and other benefits for them .........credibility wise its as naff as the X-factor ....but hey who cares ......
when we can all pick and cheer for our favourite contestant ....innit ?
N
when we can all pick and cheer for our favourite contestant ....innit ?
N
Lord Flasheart
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Thats a very good point. You are only as good as the tools you are provided with.All it shows is what i and many have said all along,you cant teach this game and anyone that tries is clearly on the make and probably a failed trader. Id love to see those CI clowns on the live thread for a couple of months.
piggybridges
Established member
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day off work for me today so get to join you guys in your trading - bliss.
Would have been a great day if only I knew how to code and add audio alerts to things that I look at, alas, I missed a few very good signals this morning.
Good luck all
- bliss.Would have been a great day if only I knew how to code and add audio alerts to things that I look at, alas, I missed a few very good signals this morning.
Good luck all
A couple of months? City Index would be broke.
I see Ashfar says the decision on who to eliminate has been made but he won't tell us until tomorrow. I don't know if we can deal with the suspense. I mean you only have to wait until after the adverts on Strictly.
Perhaps City Index can install a premium rate phone line and seek our votes. They could add a few seconds slippage here and there to milk it.
Perhaps City Index can install a premium rate phone line and seek our votes. They could add a few seconds slippage here and there to milk it.
donaldduke
Experienced member
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Yeah was sort of obvious they were going to keep Mac, as all the other traders are pretty boring in terms of their trading and risk taking.
Looks like they going to double up the accounts going forward. Probably end up with 100K accounts for the last 3 finalists. That way they have a chance of coming out a head in terms of P/L for the whole competition but more likely they will just dig a bigger hole as they go on.
Also at the moment the negative PnL for the group is approximately equal to how much they have paid in the spread for all the bets.
Looks like they going to double up the accounts going forward. Probably end up with 100K accounts for the last 3 finalists. That way they have a chance of coming out a head in terms of P/L for the whole competition but more likely they will just dig a bigger hole as they go on.
Also at the moment the negative PnL for the group is approximately equal to how much they have paid in the spread for all the bets.
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