Well folks the time has come to put your day trades where your mouth is...join us at our meeting sight in Minneapolis to compete and learn from each other about price "entity" movement. The founders of this fine organization have determined why not put simulated trades in front of all of us and see who ends swimming and who ends up sinking! It should be lots of fun and we have a maximum of 15 spaces to participate in the October 1st trading games! So register early.
The concept is simple...
Every one will be given (promptly at 7pm) 60 bars of a the same entity in daily, 1 hour, 30 minute, and 5 minutes intervals at which time you will have 15 minutes to analyze. (We might even have a short group discussion regarding potential plays. Might...)
After price action has been analyzed, we will all watch the Bars trade forward- with Ninja Technology. During this real time simulated price movement you will write down your trade, entry price, stop loss, profit objective on our prescribed trade log.
The winner will be determined by the most accumulated points in that entity trading single lot positions- so if we were trading IBM and IBM was trading at $100, you would trade 1 share each of your trades, of which you calculate the gain or loss by your entry and exit price ($.45 etc)...
We hope to see you.. We will also be using this as nice way to continue weeding out members who have no intention of participating or trading from the group! So it is a win win!
Thanks,
Richard
Talk about this Meetup
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