I was just thinking about this, and I think its been brought up a couple times before. Isn't it time we had performance based rankings? The vouch system is fine and all, but it seems, with the Trade Explorer integration this site has(which is excellent btw), performance based rankings seems like a no brainer?
I think a performance based rank system should be SIMPLE, something even a noob could understand without having to worry about Sharpe ratios, risk of ruin, bla bla, etc etc.
What about simple ranks based on REALIZED profits, on a live account, that can be verified through the Trade Explorer.
Something like:
2k realized profit: Rank 1
5k realized profit: Rank 2
10k realized profit: Rank 3
50k realized profit: Rank 4
100k realized profit: Rank 5
250k realized profit: Rank 6
1 million realized profit: Rank 7
10 million realized profit: Rank 8
100 million realized profit: Rank 9
1 billion realized profit: Rank 10
What do you think?
I think a performance based rank system should be SIMPLE, something even a noob could understand without having to worry about Sharpe ratios, risk of ruin, bla bla, etc etc.
What about simple ranks based on REALIZED profits, on a live account, that can be verified through the Trade Explorer.
Something like:
2k realized profit: Rank 1
5k realized profit: Rank 2
10k realized profit: Rank 3
50k realized profit: Rank 4
100k realized profit: Rank 5
250k realized profit: Rank 6
1 million realized profit: Rank 7
10 million realized profit: Rank 8
100 million realized profit: Rank 9
1 billion realized profit: Rank 10
What do you think?