arabianights
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This sounds easy, I could easily move ftse out of hours by 7 ticks and spend only a few grand to do it ten times. (The order book is ****ing thin early in morning/late at night and you only have to move it 3.5 ticks either way from fair value)
It's all those uncertainties about how many others are playing that will cause problems I guess...
It's all those uncertainties about how many others are playing that will cause problems I guess...
arabianights
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in fact if I knew about this competition earlier I would probably enter it, too late now...
tar
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all account types r eligible ...
Lord Flasheart
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what are the rules about stops etc
tar
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Lord Flasheart
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Baldrick came up with this cunning plan
we need 1024 traders from the site. 512 go long,512 short. The winners then go forward to the next trade and do the same. Actually we wouldnt need that many. After its gone 5 points one way,1/2 take there money off,the rest leave the trade and hope it goes right. We could probably do it with about 200, thats £500 each.
Ah missed entry date i see
arabianights
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Baldrick came up with this cunning plan
we need 1024 traders from the site. 512 go long,512 short. The winners then go forward to the next trade and do the same. Actually we wouldnt need that many. After its gone 5 points one way,1/2 take there money off,the rest leave the trade and hope it goes right. We could probably do it with about 200, thats £500 each.
Ah missed entry date i see
You seem to have forgotten about spreads...
Lord Flasheart
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baldrick assures me that this would be balanced out by the fact that more than 70% would win each time
Ah missed entry date i see
I see a starting and closing date, but are you sure there's an entry date?
Seems to me that this is a pretty clever marketing wheeze from WS. They've probably analysed results and found that ten winning trades of 5pt or more very rarely happens, even for the most successful traders. Punters who really want to win the competition will be tempted to hang onto losers way past normal stops, hoping the trade will 'come good' eventually, probably losing much more money in the process.
tar
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there is a winner no matter what : " In the event that no participant completes ten consecutive winning trades (with a minimum of 5 points profit), then the client (or clients) with the highest number of consecutive winning trades will qualify for the prize. "
Personally I think there will be multiple winners each having made the 10 winning trades in a row.
10 x 5pip winning trades should be achievable as long as you are very patient and disciplined and wait for the right setups.
The difficulty will arise if you get into a 'bad' trade and have to decide how far to let it go against you before quitting.
10 x 5pip winning trades should be achievable as long as you are very patient and disciplined and wait for the right setups.
The difficulty will arise if you get into a 'bad' trade and have to decide how far to let it go against you before quitting.
