Trading Guru takes on the CNBC $1millon dollar challenge Author of the best selling book " Winning the Trading Game" and founder of the Speculator Academy, Noble DraKoln is pitting his skills against the bi-annual CNBC $1 million dollar trading challenge.
Author of the best selling book " Winning the Trading Game" and founder of the Speculator Academy, Noble DraKoln is pitting his skills against the bi-annual CNBC $1 million dollar trading challenge.
For three years running over 150,000 people have competed to win the ultimate prize of $500,000 along with smaller prizes such as tickets to the baseball World Series and seats at the the World Poker Tournament.
Mr. DraKoln said this about the competition " There are few competitions like this that put all traders on equal footing. Novice and professionals alike have the opportunity to compete and win with little financial repercussions. I have no idea why other trading educators don't even make an attempt to play."
With the brokerage business taking a significant hit in the number of customers and capital under management an unprecedented number of trading educators have gained traction. With classes ranging from a few thousand dollars to as much as $25,000, traders are making a big commitment to learning how to trade. There's no better way to learn how to trade for free besides the CNBC Challenge.
Mr. DraKoln will take his trading one step further by collecting his experiences over the course of ten weeks on his blog www.playcnbcchallenge.blogspot.com At the end of every day he will document his experiences and at the end of each week he will show his ranking.
"Of the thousands of books sold about trading I am surprised that no one else has decided to take the challenge. The last time anyone came remotely close was Larry Williams and he turned a real $10,000 into a $1million dollars. This contest doesn't even require that the trading gurus have to put any money at all." Mr. DraKoln said.
CNBC's $1 million dollar challenge officially begins on November 17th, 2008 with over 200,000 registrants expected this year.
