Mettle.
- Thread starter amitt29
- Start date
I dont think that this thread is really gonna prove the mettle of traders, the scales are tilted towards the traders who either day trade or participate in futures trade but people like me who neither indulge in f&o nor like the idea of day trading may not be able to prove their mettle in 1 month because i work on very few buy calls and trades usually last for months or even sometime more than a year.
Moreover its the average annual performance that usually matters in a traders' career and not a monthly performance, the monthly performance of position traders like me fluctuate from month to month but usually at the end of year it pretty well irons out itself.
Even i am ready to participate in the contest but if the horizon is extended to a few months.
And as pointed by one of seniors i didnt like the idea of disclosing my own accounts' shots, there may be Income tax people hiding in some corner
REGARDS
Moreover its the average annual performance that usually matters in a traders' career and not a monthly performance, the monthly performance of position traders like me fluctuate from month to month but usually at the end of year it pretty well irons out itself.
Even i am ready to participate in the contest but if the horizon is extended to a few months.
And as pointed by one of seniors i didnt like the idea of disclosing my own accounts' shots, there may be Income tax people hiding in some corner
REGARDS
The effort is worth it, even if the outcome is damaging. Experience gained none the less. Count me in Amitt.
I should like to add a few points:
1) Rather than contract notes, wouldn't it be a better idea to post "monthly/weekly" brokerage report, since this cannot be manipulated?
2) As Prabjeet pointed out, traders vary in style. Wouldn't it be a better idea to define a benchmark for each style and rate trader performance based on benchmark out performance? (Eg: For a trader who deals with equities, daily time frame, the benchmark can be buy-hold weighted average performance of the stocks selected, or nifty returns)
3) Why restrict this process for only 1 month? Why can't it be continuous?
4) Also, there is an element of probability that such a trade program will be used as a center for tips by some people. Wouldn't it be better if this remained a closed group?
Regards.
I should like to add a few points:
1) Rather than contract notes, wouldn't it be a better idea to post "monthly/weekly" brokerage report, since this cannot be manipulated?
2) As Prabjeet pointed out, traders vary in style. Wouldn't it be a better idea to define a benchmark for each style and rate trader performance based on benchmark out performance? (Eg: For a trader who deals with equities, daily time frame, the benchmark can be buy-hold weighted average performance of the stocks selected, or nifty returns)
3) Why restrict this process for only 1 month? Why can't it be continuous?
4) Also, there is an element of probability that such a trade program will be used as a center for tips by some people. Wouldn't it be better if this remained a closed group?
Regards.
