Indian Trading League / SAMCO

Jai Mata Di

Well-Known Member
#21
I found there famous traders like Larry Williams who become famous after winning such competition with huge return. Also many winners there got name & fame like Ralph Casazzone, Crude oil trader. There are many who later actively trades for several multi billion dollar companies.
[Source previous post, link http://www.worldcupchampionships.com/live-stats-3 ]

And the good news is only about 400-700% return per year ensures a winner there for 95%+ times in past 30 years. Most of te time 400% return is sufficient.
This statistics also clearly shows real life returns in trading. :thumb:

So this is not impossible target. I hope some TJ member can win the prizes. There are many good traders present here.

Happy Trading.

H.C.
 
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NJ23

Well-Known Member
#22
I found there famous traders like Larry Williams who become famous after winning such competition with huge return. Also many winners there got name & fame like Ralph Casazzone, Crude oil trader. There are many who later actively trades for several multi billion dollar companies.

And the good news is only about 400-700% return per year ensures a winner there for 95%+ times in past 30 years. Most of te time 400% return is sufficient.
This statistics also clearly shows real life returns in trading. :thumb:

So this is not impossible target. I hope some TJ member can win the prizes. There are many good traders present here.

Happy Trading.

H.C.
Are these statistics openly available? Can you point to any resource for the data?
 

TraderRavi

low risk profile
#23

And the good news is only about 400-700% return per year ensures a winner there for 95%+ times in past 30 years. Most of te time 400% return is sufficient.
This statistics also clearly shows real life returns in trading. :thumb:

Happy Trading.

H.C.

but in world championship there is Futures trading , not options trading.
so returns seems not magical except 3-4 cases.
 

Jai Mata Di

Well-Known Member
#24
but in world championship there is Futures trading , not options trading.
so returns seems not magical except 3-4 cases.
No, it included options too. They don't included the tag option in heading as naked short options after March 20, 2015 is prohibited and may result in disqualification. Traders can only buy options there not sell.

Rule clearly mention,
Trading in the Championship will be limited to listed futures contracts and options thereon on any exchange available through Carrying Brokers.


Actually they audited the a/c to see no cheating happened like one(option) trade with 10,00% return, another15 minor trade with 300% loss then net 700% return. :D If some one try to use option there must be natural trading throught the year. Actually due to that rule of natural trading option traders are not in the list. There is only one option trader with 716.8% return. :)

So actually future traders are beating the option traders in the long run. :lol:
This is happening bcoz Champion ship is for whole year. Money management is easy in future trading rather than high risk high reward options trading. Controlling greed & fear also more difficult with high risk high reward options trading. Options trading has possibility to give better return but it is more difficult.

Best Wishes & Happy Trading.

H.C.
 

Jai Mata Di

Well-Known Member
#26

Unfortunately above link has completely biased view:-
They said,
" So the question arises if all these prizes – especially Rs 1 crore for winning trader is actually for real, or just a marketing gimmick to get leads. " :annoyed:
No where they stated the real fact,
Cricketing legend Kapil Dev, along with London-based Bay Capital Founder Siddharth Mehta and others, has invested $3 million in Series A funding in the Indian Trading League (ITL), launched by Samco Ventures.
3 million usd converted to 20 Cr. ITL is a joint production. :)


Total prize money is much less than 1.5 Cr, definely possible. Aggressively campening using CNBC cost too much. When Zerodha is giving multiple Crores brokerage refund such prizes like below defintely possible. This is like next stage (extended challenge) of present 60 day challenge of Zerodha. :)

When someone is making profit consistently (60 day challenge winner) next target must be how to increase percentage of return on their capital safely.
Even you don't win 1st prize bcoz of that goal, after end of year you might see significant increase of your % of return on capital (that can be multiple times of total brokerage paid/brokerage refund :D).

Such challenges actually good for traders, no need to be so pessimistic before the competition starts in new format.

I think the prizes are real, they are saying regular update of winners in web sites.
http://www.indiantradingleague.com/prizes
Weekly prize is 4 Movie Tickets at the Box Office. :lol:

Happy Trading.

H.C.
 
#28
Will be joining this competition soon.

Comparing other discount brokerages, account opening charges are too much.

https://www.samco.in/faq, check the sign up section.

800 Rs is much high.

I opened in Zerodha for just 200 rs.
opened in RKSV while they run account opening for free.
Yeah, and it is a trading + demat account.
 

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