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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Siddhartha Gautama who wrote (37172)	10/17/1999 7:07:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 44573

I have no problem with the way this contest is being conducted... it is an arena game..... but beyond the arena, it's also a valuable learning experience..... GZ

To: Siddhartha Gautama who wrote (37172)	10/17/1999 7:58:00 PM
From: Bull RidaH	Respond to of 44573

Sid, <<Wouldn't it be a good idea to disqualify a contestant that suffers more than an acceptable down draft per day?>> That's not a bad idea, and would make the contest much more life-like. But rather than worrying about a DAILY drawdown limit, a 30% drawdown from any closing balance would do the trick. This is where the big $$$ typically pulls the eject cord on a professional money manager, no matter how much $$$ that manager has made them during the prior year. But it's too late to add this rule to the contest, as we have a $50,000 equity floor to remain in the contest already in place. Regards, David