Monday, October 06, 2008

Woke up this morning in first place!

I woke up this morning (remember, it's AUTOMATED trading) and went to the contest site expecting to be bumped way down in the ranks, since last night I was in 4th. To my surprise I was in 1st place and way ahead of the 2nd place guy. Of course it's mostly luck at this point. The contest goes from October 1 until December 26. Alot can and will happen between now and then.



There's no secret formula to get rich by trading. The markets are driven by people and no mathematical formula can consistently predict human behavior. Of course if you're a central bank, you can direct that behavior and a trader who can see the patterns set forth by the guys in power can get rich off the crumbs that fall off the table. That's all I'm trying to do.

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