city index trading academy

malaguti said:
just marketing for city index...I wont be looking to mimic whatever their strategies are, but I bet they hope hundreds will
Click to expand...

Seems they've copied the Baghdady experiment, hope it doesnt end up the same way.
 
what amazing rubbish.One of the eight is sure to make money giving them and the academy a good name
 
So far all it's showing is that it's not a good idea to over trade. So might not end up being the advert that they want it to be.

attachment.php
 

Attachments

  • Screen Shot 2012-11-05 at 09.14.05.png
    Screen Shot 2012-11-05 at 09.14.05.png
    89.9 KB · Views: 2,474
Overall, it looks like they're doing far worse than if they'd entered random trades. This should be a great source of inspiration and lulz.
 
lol.. these guys are over day trading the FTSE from a spread bet account.. been there done that.. lol.

i thought City Index may fix it so at least one person makes a respectable return.. they still might do that.. but its not going to end well if they continue to over trade like this.

Is it going to be the case of the guy who loses the least takes home the 100K? In which case a sensible strategy might just be to stay as close to break even until the end.
 
Last edited:
They all seemed to have stopped tweeting since last week. Maybe they've pulled the plug on it already.
 
Maybe they've all stopped trading because they realise the only way they are going win is not to trade.

Personally I can't believe they'd even try this. Any experienced trader would know you can't teach newbies to trade successfully in such a short time. Perhaps if they took on 1000 candidates then a few would make a lot of money - by chance. But only 8 - pretty low odds in my opinion.

You can't replace the experience of making mistakes, taking losses and witnessing live price action first hand that seems to be moving in defiance of common sense.

I think city index could come out of this looking pretty bad.
 
Hoggums said:
Maybe they've all stopped trading because they realise the only way they are going win is not to trade.

Personally I can't believe they'd even try this. Any experienced trader would know you can't teach newbies to trade successfully in such a short time. Perhaps if they took on 1000 candidates then a few would make a lot of money - by chance. But only 8 - pretty low odds in my opinion.

You can't replace the experience of making mistakes, taking losses and witnessing live price action first hand that seems to be moving in defiance of common sense.

I think city index could come out of this looking pretty bad.
Click to expand...

and then some !

what on earth possesed them to do this...the mind boggles.
 
Interesting that James Absalom is down the most and will probably be the first to get the boot.
He was the one who is planning to buy and fast car with the prize fund.
I think the first Turtle to get the boot from the original Turtle program had similar ideas.
 
You must log in or register to reply here.

Similar threads

0007
We're a Couple of PROs ........
Replies
9
Views
4K
0007
0007
L
  • Locked
Mastery Trading Academy .. swindle
4 5 6
Replies
108
Views
48K
Trader333
Trader333
P
City Index
Replies
8
Views
3K
Claudia123
Claudia123
A
City Index problems
Replies
8
Views
4K
Lee Shepherd
Lee Shepherd
E
online trading academy
Replies
9
Views
4K
gamma
gamma
Top