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Edwin J DeGuzman wrote:
> Robbins Trading Group has held a trading contest every year for the past
> 16 years. The entrance fee is $1000, which seems rather steep. It runs
> from Jan 1 to Dec 31, and the top prize goes to the account with the
> highest percentage returns, obviously.
>
> It seems to be a marketing ploy designed to drum up business, so I am
> immediately suspicious of their motives. However, it is in their best
> interests to run a fair and impartial contest. Has anyone heard positive
> or negative experiences about contestants? What about people who have
> won in the past? Or who have made a good showing?
>
> Thanks,
>
> Ed
I think the problem is that you have to trade thru Robbins and pay their
commission schedule.
This is not a problem if you are only interested in competing in their
contest. It is a problem if your first priority is maximizing the return on
your capital while in the contest.
Regards,
Norman
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