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Tech/a vs. CanOz - Futures Trading Competition

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waza1960 said:
+1 however unless I have missed something sure is an odd duck.................

Enters a competition and then disappears without a trace no explanation no nothing
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Only Tech (and possibly Pav) know for sure, but I wasn't surprised he left.

He started the bottom/top picking thread, which was supposed to be about recognizing an impending shift from one direction to the other so that you can get on board early. A very valuable skill. But people gave him a hard time about proving that he can exactly pinpoint tops/bottoms to the tick. He also received a bit of flak about why he isn't showing examples of making a weeks wages in a few hours in this challenge. So I wouldn't be surprised at all if he decided that he doesn't have to prove anything and that this is all a waste of his time.

Having said that, Tech can still win this if Can tanks.
 
Have either party posted an update/summary of all their trades to date and the net profit/loss generated since this competition began?
 
From a personal point of view I find it highly disappointing.
As soon as I came on this site I recognised Tech as the real deal and someone to learn from.
What he says makes sense and more importantly it works.

If others want to attack and try and cut him down then that's their choice.
I'll just sit back, continue to listen and continue to profit.
 

Well I have being a member for over 7 yrs and have never made any criticism of Tech in that time plus I cannot
find any criticism of him on this thread so I guess your talking about elsewhere

I just think its a bad look when you enter a competition you are behind and then disappear without a trace
 
Yeh I'm talking about other threads.

I'm sure he will be in touch with CanOz about his results.
 

Attack him personally? Or attack (challenge) his views?

I have seen plenty of the latter (I do it a lot, it engages the mind) but not much of the former.

Would be good to see him at least post here and give some closure to the many eager followers.
 
Anyone want to have another game ? Let's not call it "vs" or "competition" this time, I think that made the pressure too big.

Just free-for-all live trading game. I propose the following:

-Live money only
-Minimum $5-10k
-Weekly updates of P/L
-Mod/Admin to check statement at end. Not revealing positions while they're on, unless you want to.

NO prizes, titles to be won so no pressure. No judgements of % made/Risk taken, all personal accounts so everyones trading sensibly to their own risk. Readers will make up their own mind about the results.
 

I'm already giving daily updates in a blog, so might participate in this, wont take me any extra work. I don't understand the minimum/maximum $ thing though, account balance is just not relevant. There has to be a better way to judge performance. I'm thinking something like total P&L in comparison to largest daily loss (or maybe in comparison to average daily loss or max drawdown).

The returns need to be based on risk somehow, not on account balance or contracts, they are just not relevant to performance imo. This could also allow some people with bigger accounts to participate and post risk adjusted results without revealing account balances. It would put everyone on an equal playing field. Statements could still be confirmed by a mod at the end.

At the moment I withdraw money from my account to get it back to around $2,000 if it gets too much over. That is all the money I need in my account to trade 2 contracts. I'm probably trading more contracts per day than many people with $10k accounts. But contracts also have no relevance, an active trader will make less per contract but have much smaller drawdowns which allows them to trade more size. A once or twice a week type trader could have huge returns per contract but have massive drawdowns in comparison and much less ability to size up.
 
havaiana said:
...I'm thinking something like total P&L in comparison to largest daily loss (or maybe in comparison to average daily loss or max drawdown)....
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Too late to edit, my first two suggestions wouldn't make sense. I think performance would be best based on percentage profit over max drawdown.
 
havaiana said:
Too late to edit, my first two suggestions wouldn't make sense. I think performance would be best based on percentage profit over max drawdown.
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People could just be free to present what they think is their advantage to trading the way they do. Others can then see what each person is trying to achieve. Some want to just survive :horse: others have a performance metric in mind :dunno:. Some want to be :cowboy:

Would be good to see some continual trading achievements either way.
 


That's true, will probably get the most benefit this way, if we all just post it our own way it will also show different perspective on how we all look at our results too I guess
 
Well i exited my last spread trade the other night after it hit my time stop. The spreads just aren't trading the same as before i started...thats my bad as luck again. To be honest its very hard to stay interested. There are other issues as well that should be sorted out with daylight savings. While i don't an issue trading these as part of a portfolio of swing trading strategies, you need to be in the right time zone to get in and out of them. I wasn't using stops either and that was a little nerve wracking to begin with.

I'll post my account balance when i stop trading or go back to work, which ever comes first.
 

Chin up Can.

The first 25 yrs are the worst !
 
Caveroute said:
Chin up Can.

The first 25 yrs are the worst !
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ahh thats good, another 15 to go then...by that time i'll be 63 and be incapable of seeing my screens...
 
havaiana said:
Too late to edit, my first two suggestions wouldn't make sense. I think performance would be best based on percentage profit over max drawdown.
Click to expand...

Why not just simplify it to points won vs points lost and who has the largest point gain.

Don't really need to worry about account size or other factors, such as trading OPMs, private traders, etc.

If people want to present more info up to them.
 
If anyone still has interest in this my updated results for year to date.

First quarter was disappointing at around 8%, second quarter got back on track, a month to go to make up for first quarter.

Review: Didn't manage to catch the explosive moves like gold and agriculturals, just rode the boring more predictable markets like treasury bonds and healthcare with backspreads.

Forward view: my view is that we will probably see inflection points and cycle inversions in the next few months in major markets. Tracking capital flow will be the key for me.



Will be in Taiwan temporarily so will day trade more with the better time zone, for comparison my daytrading account is only up 13% so far YTD, I certainly haven't been utilizing it to full effect with the potential to be more aggressive with lower draw downs.

If anyone is still up for the game/competition maybe June is a good starting date ?
 
Were you part of the competition? I can't remember anyone else joining?
 
pavilion103 said:
Were you part of the competition? I can't remember anyone else joining?
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Nope I did not trade futures and my account size is over 25k so I was not part of the competition.

Just posted for fun to whoevers interested.

I did post earlier though:

minwa said:
First week results. Won't be officialy entering the competition as I am not trading futures and my capital not within required range.
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