Putting out the challenge to other trading gurus

While I don't consider myself a trading gurus others look at the fact that I have put out several books, seminars, and videos as proof. In fact I consider myself a true student of the markets. I give the markets my all and by teacing I am reminded of the fundamental mistakes to avoid.

In that vein I have decided to enter the CNBC challenge. While my expertise does not include stocks, I believe trading is trading, whether it's ETFs, Forex, or Commodities. This contest will give me the chance to prove it and along the way I may have the opportunity to win a few prizes and ultimately pick up the top prize of $500,000.

In the mean time I have put ou a press release to let the world know what I am doing and hopefully cajole some of the real trading gurus out there to take part in the contest. It would be exciting to see many of them pit their expertise against the market with zero risk, except the potential blow to their egos ;)

How this blog will work:

1) We have three days until the contest officially starts. At the close of the NYSE around 4:30PM EST I will post my experiences for the day.

2) At the end of each week I will let everyone know my rankings in Forex and Stocks and ETFs

3) On Sunday evenings I will talk about what I will do differently, if anything, in the upcoming week.

Some realities of the contest for me:

1) Technology is my weakness. I am definitely afraid I will make more mistakes just getting up to speed on the Think or Swim platform and learning the FXCM execution interface.

2) I have a steep learning curve when it comes to stocks, while intellectually I know what I will need to do to pick stocks, the execution will become difficult while I try to get up to speed on using my Trade Navigator platform to look for my criteria

3) I still have to speak and trade my own account.

My goal is to win the contest and any suggestions when it comes to stocks will be much appreciated.

Post on the blog how your experiences are going as well, to date I think this will be the largest number of contestants that this game has ever had.

See you on the trading screen!