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MFWinAlford
User Level: Expert
Joined on May 29, 2007

WORTH

?
$2,679,205.11

TRADES + OPINIONS

51,515

MONEY RANK

10

KARMA POINTS

?
110

KARMA RANK

9
About Me

The picture is of me, having a bad hair day. ;)

Actually, it is of Marshall Bidwell, a distant (in time) relative.

Posted 30 June 2010

I have come in out of the cold.

A few months ago, when the Inkling accounting system was changed, I was caught flat-footed. I have been in the top 10 for a while (I can’t remember if I reached #5 or #3, but somewhere up there!), and suddenly I was dead last.

The reason for this is that my net worth had gone negative. The new accounting system counts each position as if it is worth its “liquidation value” — the amount that you would win or lose if you were to close out the position right now. The problem with this system, for me, was that I had many, many markets where I had more than one position. So, the sum of all these so-called liquidation values was misleading. If I had a long position and sold it, all of the other prices in the market would go up, making the other positions worth more. You get the drift.

Anyway, as these markets have expired, or I changed my positions, being cognizant of the new rules, my net worth began creeping up. I’m now back into positive territory, as I have been for a couple of weeks. I entered the leaderboard at #24, and have been slowing moving up. As of today, I’m #12. I may move up some more, I may move back down. It’s hard to say. I haven’t completely discarded my fondness for multiple positions, so this may reduce my net worth from time to time, only to have it move back up when the market is paid out. We’ll see.

Anyway, it’s good to be back in positive territory, though I have to say I never stopped having fun trading during my period of excommunication!

Track Record
3 years
400 comments
25 questions
50,000 trades

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0
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