Hey guys and girls,
I came up with an idea where I want to compete with other traders and want to create a thread for it and wish to start it on the 1st Jan 2018. I am currently practising on a demo account, building my business plan, trade plan, technical analysis and trade journal to get my live account up and running in 2018.
The main focus is to exponentially increase my learning experience by getting involved with other traders which will indefinitely be a good experience for the counterparty also.
I can describe myself as being competitive, hardworking, transparent, dedicated, team-work oriented, willing to journalise, put my analysis plans on the forum and show my results weekly. Which I do hope the person i am competing against will do the same.
What is it in it for you?
Keeps you motivated, keeps you on track, less procrastination, external accountability, possibly life-long trustworthy trading buddies, discussion on your analysis with other traders, compete against other potential profitable retail traders, working alongside other traders to expand your knowledge, shortcut your learning time and most importantly it'll be a fun experience. There are so many benefits that I can't describe it all.
Also, it'll help with risk and money management!
P.S: if you are lazy and become dependant on answers DO NOT EVEN APPLY, do not waste my time.
The basic idea of the game
It doesn't matter how much capital you have, I plan on only investing only $200 USD, in the end, we'll be calculating the ROE monthly and hopefully, we get to the end of 2018 with our final results as positive.
Also, it is compulsory to show the initial balance in the start to know what the ROE in the end will be, with all your TRADES shown weekly, which I will be doing also.
The winner will be the person with the highest ROE in the end.
If there is a prize, we'll see what happens .
Anyways, if you are interested, send me a message through babypips with your reasons or say hello.
I'll like to pick 2-3 serious traders willing to go until the end of the year showing their analysis, trade journal and trade plan with transparency on their trades.