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Old 04-27-2010, 08:46 AM   #9

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Re: The Race

Hi Folks,

I have gotten a good number of PM's from folks telling me that they'd like to participate, but they feel they are not "at that level," "not good enough," or, in a few cases, "too shy" to risk blowing out "publicly."

First of all, this is an anonymous internet forum. Who cares who blows out? Why should I care if I blow my first $1500, and then post another $1500 and blow that too, all while "everyone is watching"? The short answer is I shouldn't, and neither should you.

Secondly, I certainly have never done anything like this before. What makes me anymore "qualified" to give it a whack than anyone else? The short answer is nothing. Playing with such small stakes puts me at just as agreat a risk of ruin as the next small stakes holder. My balance could very well be $0 before the week is out.

Remarkably, many of those who say they wish to participate but feel unqualified are already trading a sub-3K account! My goodness, then why not play along, post your daily results, and if someone does by chance hit the million, you at least get a free trip to meet some TL folks? By the way, as mentioned in the "Let's Trade" thread that started this all, in order to qualify for the trip, you must participate for at least 10 weeks of the 20 week contest, unless you blow out an account. If you participate starting today, and post a blown account tomorrow, you are still welcome to participate in the trip if we do get a winner.

Best Wishes,

Thales
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Old 04-27-2010, 10:24 AM   #10

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Re: The Race

Here is a snapshot of my account showing $941 and no open trades. Good luck to all invloved. From now on I will copy my daily statement, but since I didn't trade on this account yesterday none were mailed to me.
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Old 04-27-2010, 11:16 AM   #11

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Re: The Race

I will start with my Oanda account.
Balance is $137.80

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Old 04-27-2010, 12:03 PM   #12

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Re: The Race

I will try to join in, although my margin requirements are too high at my current broker for the $3000 limit. Let me see if one of my old accounts is still open or find a place to open up an account at. It might take me a few days/weeks to get setup but I will be joining.
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Old 04-27-2010, 12:28 PM   #13

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Re: The Race

Quote:
Originally Posted by rcossey73 »
I will try to join in, although my margin requirements are too high at my current broker for the $3000 limit. Let me see if one of my old accounts is still open or find a place to open up an account at. It might take me a few days/weeks to get setup but I will be joining.
Sounds great, rcossey! I look forward to you joining us.

Best Wishes,

Thales
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Old 04-27-2010, 02:44 PM   #14

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Re: The Race

I'll throw my hat into the ring... might not be actively trading for a week or so on the account as I test some new ideas.
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Old 04-27-2010, 02:54 PM   #15

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Re: The Race

Quote:
Originally Posted by yeaheah »
I will start with my Oanda account.
Balance is $137.80
I'd love to see you take a million from Oanda! Good luck!

Quote:
Originally Posted by daedalus »
I'll throw my hat into the ring... might not be actively trading for a week or so on the account as I test some new ideas.
No problem daedalus, there is no requirement that participants trade every day, week, or even month. All we have to do is post when there is a change to the previously posted equity.

I hope you ring the bell for a million as well!

Best Wishes,

Thales
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Old 04-27-2010, 09:05 PM   #16

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Re: The Race

I will enter, and post the next time I receive a statement in my secondary account which I will be trading for this race. I only receive statements on days I enter trades in that account.

Last edited by bathrobe; 04-27-2010 at 09:17 PM.
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