July 2011 Trading Contest討論

The purpose of this account is to compete in a trading competition throughout July. As a result the position sizing on this account is WAY, WAY in excess of what I would use with my regular demo account and, therefore, what I would use with a real money account.

Although the larger position sizes mean that I can increase profit quicker, it means that I have less 'maneuverability' than I am accustom to when using smaller positions sizes and, of course, much greater risk than I'd like. Nevertheless, the purpose of the competition is to compete to make the most profit in a month, rather than to trade for a living. With that in mind, I've put my regular demo account on hiatus this month and I'm aiming to end up within the top 5% of competitors with this contest.

The compounding effect on this account means that I am able to use larger position sizes as I go along, which is going to help with the exponential growth of the account needed to compete in the contest. Although I'm using what I consider quite extreme position sizing and money management to compete in this contest, it's still not going to be enough to place in the top 10 of traders in the contest (after just over a week the leader has in excess of 2500% ROC!). I'm still on target to meet my personal target of being in the to 5% of traders though. I think the most challenging thing to adapt to so far has been having to change my position sizes far more frequently than I'm use to; whereas before it would take at least a week before I would consider changing my initial position size, using this strategy I means that I am increasing my position size nearly every two trades that I do.