Post by sd on Mar 12, 2017 10:45:54 GMT -5
I sent RD an e-mail this am-we correspond occasionally, and I also mentioned the Horse Race- -
To Spiderman's point, Life does get in the way , but the default pick is designed to allow participation in the racer's absence.
I think it's fair to determine a limit of "X" consecutive weeks that the default pick stays in the race without a log-in by the
racer. It encourages just 5 minutes of participation over that amount of time- or the assumption is that the racer is not even following
what occurs during the races- If after X period of time , the default pick is not viable, that person can still log in and race -and the default pick would be renewed for the next X weeks.
I think there's several benefits to the race that active participation brings-
One is perhaps exposure to a different point of view altogether- We are creatures of Habit, and tend to be relatively narrowly focused in our methods or the type of stock/etf we select.
We may get a fresh idea from the selection of the other racers, and in the process of considering why they chose their particular entry,
we perhaps find we would not take that trade- based on our type of trading method/criteria; or perhaps we take the trade because it suits our trading style- and -because life does happen- we may not have the time to "look" for a lot of trade opportunities- I still hold ACIW -a pick Tiarra had made the other week- I failed to tighten my stop- as i had intended... is the only reason I still hold the position btw!
To that end , I think it is also helpful as Blygh has done, to point out some of the rationale for selecting that particular pick for the race-
The reasons for the trade may not pan out- but it also gives some insight as to why it was selected.
Those are just a few of the benefits that more active participation contributes ...
Also To Spiderman's point- He is shooting for the weekly wins-not concerned with the cumulative YTD, and that is great-Competition at both levels-
I like the YTD as a metric that is reflective of how much Risk did I allow in my trades, and what is the net effect over the longer term? After all,
If I can control the downside and allow the upside to run as long as possible, I think i do better . And i find - at least in my case-I have had better long term gains with allowing longer term holds in the "slower" account, vs the more active trading account-
Just my 2 bits-
Rest of the members can give their opinion please-
COMPETITION IS HEALTHY-
I MENTIONED THIS BEFORE- BUT DIDN'T GET ANY FEED BACK-
I WOULD LIKE TO OFFER -STARTING WITH THE END OF THE JUNE QUARTER- 2 "PRIZES" JUST TO ADD A BIT OF FUN TO THE RACE...,.
THEIR SELECTION OF A VIDEO OR BOOK -THAT i HAVE ACCUMULATED OVER THE YEARS.... I WILL COMPILE THAT LIST
THE YTD WINNER IN TERMS OF NET % GAIN-
THE WINNER WITH THE MOST WINS
IN THE EVENT THE YTD WINNER IS ALSO THE MOST WINS,
THE 2ND PLACE MOST WINS.
THAT ALLOWS 3 FUTURE QUARTERS COMPETITION DEADLINES JUNE, SEPT, DEC -YEAR END
SD
no 'offense' because of the caps
To Spiderman's point, Life does get in the way , but the default pick is designed to allow participation in the racer's absence.
I think it's fair to determine a limit of "X" consecutive weeks that the default pick stays in the race without a log-in by the
racer. It encourages just 5 minutes of participation over that amount of time- or the assumption is that the racer is not even following
what occurs during the races- If after X period of time , the default pick is not viable, that person can still log in and race -and the default pick would be renewed for the next X weeks.
I think there's several benefits to the race that active participation brings-
One is perhaps exposure to a different point of view altogether- We are creatures of Habit, and tend to be relatively narrowly focused in our methods or the type of stock/etf we select.
We may get a fresh idea from the selection of the other racers, and in the process of considering why they chose their particular entry,
we perhaps find we would not take that trade- based on our type of trading method/criteria; or perhaps we take the trade because it suits our trading style- and -because life does happen- we may not have the time to "look" for a lot of trade opportunities- I still hold ACIW -a pick Tiarra had made the other week- I failed to tighten my stop- as i had intended... is the only reason I still hold the position btw!
To that end , I think it is also helpful as Blygh has done, to point out some of the rationale for selecting that particular pick for the race-
The reasons for the trade may not pan out- but it also gives some insight as to why it was selected.
Those are just a few of the benefits that more active participation contributes ...
Also To Spiderman's point- He is shooting for the weekly wins-not concerned with the cumulative YTD, and that is great-Competition at both levels-
I like the YTD as a metric that is reflective of how much Risk did I allow in my trades, and what is the net effect over the longer term? After all,
If I can control the downside and allow the upside to run as long as possible, I think i do better . And i find - at least in my case-I have had better long term gains with allowing longer term holds in the "slower" account, vs the more active trading account-
Just my 2 bits-
Rest of the members can give their opinion please-
COMPETITION IS HEALTHY-
I MENTIONED THIS BEFORE- BUT DIDN'T GET ANY FEED BACK-
I WOULD LIKE TO OFFER -STARTING WITH THE END OF THE JUNE QUARTER- 2 "PRIZES" JUST TO ADD A BIT OF FUN TO THE RACE...,.
THEIR SELECTION OF A VIDEO OR BOOK -THAT i HAVE ACCUMULATED OVER THE YEARS.... I WILL COMPILE THAT LIST
THE YTD WINNER IN TERMS OF NET % GAIN-
THE WINNER WITH THE MOST WINS
IN THE EVENT THE YTD WINNER IS ALSO THE MOST WINS,
THE 2ND PLACE MOST WINS.
THAT ALLOWS 3 FUTURE QUARTERS COMPETITION DEADLINES JUNE, SEPT, DEC -YEAR END
SD
no 'offense' because of the caps
