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Germany187 Posts
tradimo: stock picking competition with $36,000 prize money
You can join the promotion, it's 100% free:
- each week during the promo, pick 6 of 20 company stocks
- 3 of the stocks you think will go up next week – and 3 you think will go down
- In the following trading week (Monday to Friday), your picks are simulated
- If your picks are amongst the best, you can win your share of $36,000 total prize money
- the weeks are independent from each other, so you can join anytime between today and May 19
Read more about the promo
(To participate, you need a free account. To register on our sites, you have to be at majority age in your jurisdiction.)
Win two hours of private coaching with Grubby!
All you have to do is post here why you think you deserve to win the coaching lessons with Grubby!
(promo finished, Grubby will announce winners soon.)
What is tradimo?
tradimo is a free school & community for online trading.
Online trading includes a wide range of topics:
Currently, tradimo is available in English, ![[image loading]](http://confidential.pokerstrategy.com/gallery/11/previews-med/de.gif) German and ![[image loading]](http://confidential.pokerstrategy.com/gallery/11/previews-med/ru.gif) Russian language.
Why do you guys have a sponsored thread here at TeamLiquid?
1. As a company, we've got some history in terms of eSports:
- tradimo itself is a stream sponsor of Grubby – because we identify strongly with his work ethics, engagement with fans and creativity in playing style.
- The sister site of tradimo, PokerStrategy.com, is the world's largest poker school & community. Many of the most successful poker players at PokerStrategy.com have an eSports background.
- PokerStrategy.com sponsored the TeamLiquid StarLeague 2 + 3 and some other smaller stuff, such as the PokerStrategy.com League that finished in December 2012.
- Many in our team have an eSports background as well.
2. We think eSports, poker & trading share similar skill sets.
Many professional poker players come from two backgrounds: eSports & trading.
We believe this is not by accident – but gamers, poker players and traders share many skills and talents:
- enjoyment of competition
- dealing with incomplete information (fog of war == what will other market participants do?)
- collaborating online with other players to learn new strategies & gain insights.
- psychological factors such as managing your emotions
3. We genuinely believe that many people have too little knowledge about trading and finance.
We think that today, trading / finance has become more important for everyone.
On the one hand, the Internet made the cost of trading shrink – and now “everyone” can do it.
On the other hand, the financial crisis showed that there’s little things you can rely on:
- Does my bank advisor really recommend me something wise?
- Is cash safe? Or will inflation eat it up?
- Are bonds safe? Or can a government go default?
Read more about the reasons why trading is relevant for all of us
I've got questions!
Great, you should have!
Trading is a complex field, and we heavily recommend to critically question everything.
We turned some of the most common questions into articles:
What does tradimo offer to me?
Learning:
- We’ve already got 150 lessons on the various subjects, and continue to add new ones.
- With quizzes, you can check & track your progress. After you pass a quiz, you get recommendations where to continue.
- Videos help to understand complicated subjects and “consume” information in a different way.
Community:
- Our team promise you a quick, friendly and helpful answer on all your questions in the forum.
- Discuss your investment strategy or individual trades with the community/other traders.
- Build a network of like-minded people that makes you stronger and more motivated.
Trading:
- Chosing the right broker – being aware of the cost of trading.
- Chosing the right trading software – and find tutorials to set it up properly.
- Exchange experiences about brokers in the forum.
Visit tradimo and see for yourself
Visit tradimo and see for yourself
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wow looks awesome.
deffintly gonna look into it.
any age restrictions?
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Germany187 Posts
Hey sabas123,
With regards to age restrictions, I quote from our T&C:
"To register on our sites, you have to be at majority age in your jurisdiction. We reserve the right to request proper and satisfactory documents to verify your age and/or identity. We have the right to block your account until you have provided satisfactory proof of age."
To participate in the promo, you need an account.
Sorry that this wasn't mentioned in the OP - coming from the SC:BW generation and being 32 soon, it's so easy to forget that many in the awesome TL community are <18.
Lutz
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Interesting. O:
Gonna check this out.
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Rational!  Checking this out as well
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Saw this advertisement on Grubby's stream, love the personalised advertisements, will have to check it out!
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I strongly advice against participating in short term trading. It's generally a fool proof way to lose all your money. The absolute majority of people that try day /swing trading are losing money in the long run, but of course you only hear about the 0,001% of the people that actually succeed.
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On May 02 2013 04:21 Creem wrote:
I strongly advice against participating in short term trading. It's generally a fool proof way to lose all your money. The absolute majority of people that try day /swing trading are losing money in the long run, but of course you only hear about the 0,001% of the people that actually succeed.
great positive attitude!
As for the OP, I am taking the online quizzes right now :D
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i will certainly check this out. ive been seeing tradimo on grubby'stream for a while. and honestly, their ad is slightly less annoying than most others.
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Wait but week 1 is already closed?
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couldn't find a picture of david einhorn? despite apple stock proxy battle. makes me suspicious.
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Lmao, did you put "character" as a characteristic of a stock trader?
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Can I still play if i missed week 1?
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Germany187 Posts
On May 02 2013 04:21 Creem wrote:
I strongly advice against participating in short term trading. It's generally a fool proof way to lose all your money. The absolute majority of people that try day /swing trading are losing money in the long run, but of course you only hear about the 0,001% of the people that actually succeed.
Any type of trading should be done with utmost caution.
Which is why we recommend that everyone should start with ...
(a) a demo account, i.e. without risking any money.
(b) learning a lot.
And I also agree to you that for most, cautious long-term investing is the much more relevant/important thing.
- everyone should have more knowledge on trading/finance
- many will apply it in their investment/saving strategies
- quite some will try the challenge of trading on demo accounts
- a few might become so good that they will also be short-term traders
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Germany187 Posts
On May 02 2013 07:40 Saumure wrote:
Can I still play if i missed week 1?
Sure!
Every week runs independent.
Means you can enter week 2, or even just week 3 or 4.
This has no downside for you when it comes to placing in these individual weeks.
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Whoa this sounds awesome, gonna try this :D
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Russian Federation325 Posts
On Tradimo website it is said that they tested their basic forex strategy on history, and got 40% annual income. Basic strategy is 15 pages long, and is based on 3 very simple indicators.
It looks like a pure lie to me. They _may_ have got 40% if they overfitted/tuned their algorithm based on whole history itself. But it was a dirty experiment, and algorithm will not win in future. It will be breakeven itself, and you pay fees for each transaction.
They receive percent from what you spend in forex platforms, and thus they will do anything to make you believe you can win there. Out of 100 people who play on test account, 50 will win for a month (not because they are good, but because it is based purely on luck effectively, there is no easy way to predict anything), then they move on to real money, and slowly lose money because they pay rake to the platform.
I'm poker professional myself. In poker you can model the strategy of your opponent based on history or GTO in some spots. There are good strategies, and bad strategies, you can calculate ev in many spots. On the market you know nothing, and looking at simple "candles" and "fractals" can't give you any advantage.
edit:
http://en.tradimo.com/learn/forex-trading/backtesting-the-beginner-strategy/
Hell, it's not even 40%. It's 60-360%.
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Germany187 Posts
On May 02 2013 18:30 laegoose wrote:
On Tradimo website it is said that they tested their basic forex strategy on history, and got 40% annual income. Basic strategy is 15 pages long, and is based on 3 very simple indicators.
It looks like a pure lie to me. They _may_ have got 40% if they overfitted/tuned their algorithm based on whole history itself. But it was a dirty experiment, and algorithm will not win in future. It will be breakeven itself, and you pay fees for each transaction.
Thanks for your feedback; and your doubts are certainly justify.
Let me get one some of your points:
1. Cost of trading were included - we assumed 1 pip spread.
It's included in the article.
http://en.tradimo.com/learn/forex-trading/backtesting-the-beginner-strategy/
2. A backtest is never guaranteeing you anything for the future.
Especially as you could - as you say - one could backfit a strategy to the past reality.
This wasn't done in this case, but it's of course still possible that a larger share of the backtesting "success" is down to variance rather than just the merits of the strategy.
3. It's not clear whether the algorithm will win in the future.
You can also do a backtest on the recent 5 months since we published it (we'll also do that soon, I think).
4. Most importantly:
We make it crystal clear that this is not an "awesome winning strategy", but a beginner strategy that allows you to learn important things as a beginner. You *should* actually apply it with a demo account, so you don't risk any money.
I'm poker professional myself. In poker you can model the strategy of your opponent based on history or GTO in some spots. There are good strategies, and bad strategies, you can calculate ev in many spots. On the market you know nothing, and looking at simple "candles" and "fractals" can't give you any advantage.
So you are a proponent of the efficient markets or the random walk theories.
(See: http://en.wikipedia.org/wiki/Efficient_markets)
Inside of your theory, day trading based on technical analysis doesn't work.
We can't verify or falsify your theory - but most experts don't think this is the case.
Even if you don't believe in technical analysis - tradimo also covers fundamental anaylsis, e.g. to analyse the companies in which you want to invest a part of your savings (for retirment, saving for your kids' college etc.).
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Russian Federation325 Posts
Nothing is wrong with technical analysis itself. It is wrong that you advertise your "candle here, candle there" as working technical analysis-based strategy. With hundreds of indicators, powerful machine learning algorithm and spreadless transactions it may be possible to find small arbitrage opportunity, which can be used to get profit with enormous bankroll.
It seems obvious to me that if there is a simple winning strategy, it is found by many data analysis/machine learning scientists employed by small and large corporations. When strategy is found, it is used to the point when the strategy stops working. If your strategy works with 100k bankroll and huge spread, why wouldn't it work if 20 players with 100k bankroll do it without a spread? 100 players? 1000 players?
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Germany187 Posts
Hey laegoose,
I need to repeat the most important thing to clarify:
We do not advertise our forex beginner strategy as a winning strategy.
It is a practicing/learning strategy.
It happens to also have a great performance on backtests - which is a fact.
And yes, this great backtest result & the logic behind the strategy do not at all guarantee that it will work in the future.
On your more general point of: "why would any (simpler) strategy work":
In parts, because you cannot scale many strategies.
People often think that on the Forex market, you have so much liqudity that you can easily scale.
But it's "less than expected".
Example:
- take EUR/USD, the most liquid currency pair by far
- per day, you have >1 trillion USD trading volume on it - let's say exactly 1 trillion for the sake of simplicity
- per second, this is 11 billion USD -> 110 trading lots
- with a bankroll of $100, you can already trade 0.01 lots with decent money management & leverage
- means that the whole EUR/USD market is equivalent to "one trader who moves $1.1m USD every second" or "1,000 traders who move $1,100 USD"
This illustrates that it's not at all easy to scale up strategies - with larger amounts of money, you will not get the price you wanted to trade at.
Of course, your relative trading costs are lower if you have more money - but the same strategies do not necesarily apply/scale up.
This is also one of the reasons why some day traders indeed have a record of "20% per month" without becoming billionaires with it - their strategy only allows them to apply smaller amounts of money.
Still, you can take the view point that all smaller scale professional traders are subject to the "survivor bias". It's a position against which you cannot argue much.
Best,
Lutz
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