Jigsaw Trading Blog

October Leaderboard Prize – $500 in cash

Those of you keeping up with the news at Jigsaw will know that we’ve promised monthly prizes for leaderboard winners. We are starting that in October with a $500 cash prize. Not a coupon, not a voucher – just cold hard cash…

Unlike a lot of the “world champion trading competitions” you may have seen online, you know – the ones that seem to get won by shady educators, we are NOT going to pick winners solely on how much profit they make. The reason we won’t do that is because it’ll just get won by someone that’s swinging for the fences and taking massive risk.leaderboard

To win this prize, you are going to have to be consistent. If your account swings up and down and gets saved by one big winner, you won’t win.

The leaderboard will reward you for good habits. The whole purpose of the leaderboard and the monthly prize is to get people to improve. The leaderboard is rated by a proprietary consistency algorithm. It’s based on the type of ‘go live’ metrics used in the proprietary trading world.

We don’t care if you are trading a live, demo or a combine account. It’s tough to be consistent but at the end of the day that’s what it takes to have a long term future in trading. The rules for the October competition are simple:

  • You have to sign up for the leaderboard before 1st October.
  • Trades can be live trades, demo trades or combine trades.
  • You do not need the Jigsaw live trade license to participate.
  • All trades must be made with the daytradr platform. Trades in other platforms will not be considered.
  • Trades must be in the system by 3rd November (best to “resend trade stats” on 1st).
  • If 2 traders end with the same consistency score, the more profitable will win.
  • Prizes will be announced on 5th November.
  • Cash will be paid by Paypal transfer.

Note that we have between now and then to iron out any wrinkles in the data. If you plan to join the leaderboard please do the following:

Let us know if there’s any issues.

Good luck with the contest.

 

BONUS: Take a look into the decision making process of professional traders with this video training series that helps you make smarter trading decisions.

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Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

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Note that the Jigsaw Leaderboard contains a mixture of SIM/Live Traders. For many traders, you can click by their name to see the trades along with the SIM/Live designation.

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HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.