Mettle.

Ok guys lots of heat generated in a thread and in lots of other threads too.Games of on upmanship and what not.

Lets have an open ended trading contest.

Rules are simple.
All traders who ascribe/write here and decide to enter this contest,start with 50k INR.

1)You can trade intraday,positional whatever you feel like.Only Indian markets and only equity/derivatives market.No foreign markets,forex,commodities.
2)You can trade futures,options,margin whatever.
3)Contest valid for 1 month,that is p/l account shud be posted by end of month on expiry day.Just like a contract month.
4)No obligation for disclosing trading system.
5)When you place an order to buy/sell and its executed,just put in the screenshot of the order,and the portfolio details(p/l on trade(s)).You can do that EOD,to avoid having to use time here.Just after closing day.
6)No bar on number of trades.

At the end of month the p/l will be evaluated,the one who generates max profit will be declared winner.I as the starter of this thread,will take that honour to declare the name of the trader.

The contest runs for the trader who isnt liquidated,as in the last man standing(just like Deathmatches) and for 3 months.Whichever happens 1st.

Anyone can give some inputs,which i may have missed, to make it fair and square.They are most welcome to give feedback.

Good luck and Godspeed.

I doubt any one will take part, Amit.

People here are just trying to show their winning trades, and develop complete amnesia about their loosing recommendations.


Lets see if u get any contestants.

I for 1 have allways conceded that have a bad system, and just martingale myself to glory so am not taking part

PS: Maybe giving 7 out of 10 wrong calls also has something to do with it

http://en.wikipedia.org/wiki/What_Do_You_Care_What_Other_People_Think?

Why dont you chip in with your martingale system ratan? Its not always about other people you know.

I am readyto participate here. But main thing I dont have 50 K bucks.

If Amit can give me his account I can prove my credibility

dev

You dont have to disclose ur system.
Most of us trade for living,manage funds.No calls here,just show ur trades.
Dekhte hain kaun kitne paani mein hai.
I am giving 3 days for ppl to decide,the contest begins from friday.Once it begins no new rules will be added or entertained.I think I have kept it simple and easy.What with the name of the thread too.

To,Dev
that 50k limit was imposed
1)for futures traders
2)hedging can also be done effectively.Although u may not explain your hedge,it shud be obvious from the trades itself.

I would like to clarify that in case a person attains 90% profit trading derivatives and other attains 90% profit on a lesser or equal capital(doing cash),both will not be treated at par.

The aim is to see who gets the max profit.And final arbitrator wud be capital at end of month.

We can ignore absolutes.

Plain and simple i think.

As i said b4 all are welcome.

Kal Soch Kar Bataoonga

Ok,i am adding one more rule to make everyone comfortable.

You can disclose your p/l along with positions account at end of month(ie 20 trading days from start of contest),point being not everyone is comfortable disclosing their positions at all points of time.It also keeps the emotional aspect and overtrades out of frustration,out of the equation.But you must register as a willing contestant b4 it begins.Once you do that its a man's word of honour to disclose his p/l and positions at End of month.

I think its a fair one.

So i give a gist again of rules:

Rules are simple.
All traders who ascribe/write here and decide to enter this contest,start with 50k INR.

1)You can trade intraday,positional whatever you feel like.Only Indian markets and only equity/derivatives market.No foreign markets,forex,commodities.
2)You can trade futures,options,margin whatever.
3)Contest valid for 1 month,that is p/l account shud be posted by end of month on expiry day.Just like a contract month.
4)No obligation for disclosing trading system.
5)When you place an order to buy/sell and its executed,just put in the screenshot of the order,and the portfolio details(p/l on trade(s)).You can do that EOD,to avoid having to use time here.Just after closing day.
6)No bar on number of trades.

At the end of month the p/l will be evaluated,the one who generates max profit will be declared winner.I as the starter of this thread,will take that honour to declare the name of the trader.

The contest runs for the trader who isnt liquidated,as in the last man standing(just like Deathmatches) and for 3 months.Whichever happens 1st.
that 50k limit was imposed
1)for futures traders
2)hedging can also be done effectively.Although u may not explain your hedge,it shud be obvious from the trades itself.

I would like to clarify that in case a person attains 90% profit trading derivatives and other attains 90% profit on a lesser or equal capital(doing cash),both will not be treated at par.

The aim is to see who gets the max profit.And final arbitrator wud be capital at end of month.

We shud be getting top 10 traders.
We can ignore absolutes.

You can register,just b4 opening bell on friday the 13th(ominous) of July.Your executed orders shud show a time stamp of times after 13th July 9:55.

Best regards and Godspeed.
Amit

Good points

1)it is monthly

2)you can join in any month,just like beginning of a new series.First friday.Not this month then next month.

Its a best of 3 maybe if more ppl come in late,will extend it to best of 5.So everyone gets a fair chance.

3)It works on the basic assumption that you trade to win.Hence all your trades are accountable.The 50k limit is exhausted-used when the first few trades use up that limit.Hence the very first trade u do after registering and just after fridays opening bell will start the process.Quite exhaustive work for me,but i am willing to do it.Maybe will involve someone else too.

Thats y i said no limit on number of trades.And added that p/l account along with positions account can be given at end of month.No waste of webspace.

Regards
Amit.

Its quite simple.

Okay,
i wud require at least 10 traders to give the contest some meaning,suppose i dont get 10 and i get only 7-8-9.Still the contest wud remain start.Minimum 7 contestants.

No you dont have to open a new account.Lot of work for me at end of month to calculate,but willing to do.Never shied from hard work.

As the starter of the thread,let me be the 1st one to register.

Also pls note some of us may pay higher brokerages etc,we can exclude brokerages and other slippages and focus only on real gains.