TERMS & CONDITIONS
WORLD SERIES OF DAY TRADING - STOCKLOCK SPECIAL
Table of content:
WSDT Stocklock Special 2021 rules
Every trader who qualifies for the competition receives access to a demo trading account with a trading balance of $240,000. During the competition period of six trading days, competitors will compete to achieve the highest balance.
Eliminations
The competitors will be eliminated if they are:
- Trading on fewer than four active trading days out of the six.
- Holding an open trading position at the end of any of the trading days.
- Holding a daily loss of $3,500 at any point during a trading day. For example, if you start a trading day with a balance of $245,000 and equity goes below $241,500, you will be disqualified.
- Holding a total loss of $12,000 at any point during the competition. Also, an account value of less than $228,000 will result in disqualification.
- Trading using patterns or behaviors that are deemed illegal, illegitimate, biased against other competitors, or otherwise violate the fair-play spirit of the competition.
WSDT Stocklock Special 2021 scoring system
The scoring is broken down into two parts - Days 1-5, and Day 6 (End of Competition)
On each of the 1-5 days, you can score up to 15 points based one your daily performance as per the Daily Ranking Scoring Table.
On the sixth day, you earn up to 75 points based on your overall performance as per the Day 6 (End of Competition) Scoring Table.
Your total score is the sum of the entire competition (Days 1,2,3,4,5 + Day 6)
How does daily scoring work:
Regardless of your account balance in the beginning of the day, you are ranked based on your P/L for the same day.
For example:
Alex started Day 3 with an account balance of $250,000 and gained $2,000 on his competition account, so by the end of Day 3 his account balance is $252,000.
For Day 3 Alex’s P/L is +$2,000
Benjamin started Day 3 with account balance of $238,000 and gained $4,000 on his competition account, so by the end of Day 3 his account balance is $242,000.
For Day 3 Benjamin’s P/L is +$4,000
Charlie started Day 3 with account balance of $270,000 and lost $1,000 on his competition account, so by the end of Day 3 his account balance is $269,000.
For Day 3 Charlie’s P/L is -$1,000
In such case, between the three competitors above, the Day 3 Ranking would be:
| № | Name | Daily P/L | Account balance end of Day 3 |
| 1 | Benjamin | +$4,000 | +$242,000 |
| 2 | Alex | +$2,000 | +$252,000 |
| 3 | Charlie | -$1,000 | +$269,000 |
As you can see, the account at the end of Day 3 is irrelevant for Day 3 Ranking.
Your Day 3 ranking (just like Day-1,2,3,4,5) will give you the daily number of points as per the Daily Ranking Scoring Table.
How does Day 6 scoring works?
- All competitors are sorted based on their Day 6 (End of Competition) account balance and given points as per the Day 6 (End of Competition) Scoring Table.
- Simply put, if on Day-6 (End of Competition)
- Alex’s Competition Account balance is $220,000 (disqualified)
- Benjamin’s Competition Account balance is $265,000
- Charlie’s Competition Account balance is $250,000
Between the three competitors above the Day-6 ranking would be:
| № | Name | Account balance Day 6 |
| 1 | Benjamin | $265,000 |
| 2 | Charlie | $250,000 |
| 3 | Alex | Disqualified |
Important:
1. The Day 6 ranking does not consider any of the daily rankings
2. Disqualified competitors lose all their points and cannot win any prizes or receive any rankings
Daily Ranking Scoring Table
Points gained on Days 1, 2, 3, 4, 5
#1
Daily - 15 points
#2
Daily - 12 points
#3
Daily - 9 points
#4
Daily - 8 points
#5
Daily - 6 points
#6-10
Daily - 4 points
#11-15
Daily - 3 points
#16-20
Daily - 2 points
#21-25
Daily - 1 point
Day 6 (End of Competition) Scoring Table
Disqualified competitors lose all their points.
#1
75 points
#2
60 points
#3
45 points
#4
40 points
#5
30 points
#6-10
20 points
#11-15
15 points
#16-20
10 points
#21-25
5 points
Things you need to know
Eligibility: Legal residents of the following countries, 18 and over.
Kickoff: May 19, 2021
Duration: Six trading days. First three – Wednesday (19/05) to Friday (21/05), weekend recess (22-23/05), then Monday (24/05) to Wednesday (26/05). On the final day, the winners will be announced.
- The World Series of Day Trading is larger than any trading competition in history.
- Due to the nature of the competition, the supporting advisers from our sponsors will not provide platform guidance or support during the WSDT period.
- It is strongly advised to prepare, train, and familiarize oneself with the trading platform prior to the WSDT.
- The WSDT is unable to provide technical guidance (excluding technical glitches) to competitors during the competition.
- In case of technical inquiries, competitors will be reverted to the relevant introduction material.
- Competitors cannot restart the competition for any reason following the official launch.
- Any updates or changes will be announced on one or more of the following outlets: WSDT website, Tradenet website, Tradenet’s Twitter, Instagram, and/or Facebook group.
- Follow the competition’s registration guide below to secure a position on the starting grid.
Registration
- Enrollment to the competition and the number of seats is limited. Make sure you register as soon as possible.
- No late applications will be accepted, unless special circumstances arise.
- During and after the registration process, the verification stage will begin. During that time, the WSDT will attempt to contact all registered contenders.
- All registrations will have to go through phone verification.
- Make yourself available to answer our calls so we can verify your identity and enroll in the competition.
- After we successfully verify your registration details over the phone, you will receive a formal WSDT enrollment confirmation email.
The following details will be required:
- Full name
- Email address
- Valid phone number
- Full address
- Proof of identity (if required)
- The minimum age for participation is 18
Each competitor can only apply once for the competition.
The confirmation email will contain:
- A link to the demo platform to download
- Demo account login access (The buying power in the demo account will be set to 0 until the beginning of the competition)
- A unique competitor ID
- Tips and tricks for the competition
Get a Piece of the Action!
For the latest updates—including technical matters, winners and losers, and all relevant information—follow our sponsor Tradenet on Twitter, Instagram, YouTube, Facebook.
Every day of the competition will be covered live on Tradenet’s Day trading chat room. (top performers, grid positions, highest earners, and the most brutal disqualifications). The entire drama will be broadcasted to you live by Tradenet moderators and the social media team. Choose your favorite competitor, send us recordings of your experience in the competition, and watch how others react as the competition progresses. Share your thoughts about the competition and discuss various strategies with thousands of live viewers.
Getting disqualified doesn’t mean the fun has to stop … Grab a seat, relax in front of the live stream, and enjoy the show as top competitors battle for a podium position to win prizes valued up to $9,000 and access to trade with a $240,000 funded account, as well as a $1,500 voucher from Tradenet.
Additional Terms and Conditions
Rankings will be computed according to the account balance on the demo account at the end of each trading day.
Starting and finishing times are identical for all participants. The registered competitor according to WSDT records is the only one authorized to participate in the trading competition under the relevant demo trading account. The right to participate in the competition is non-transferable.
Using certain trading patterns that are deemed illegal and/or illegitimate by regulators will result in the disqualification of the participant during or after the competition. (In such a case, the participant will receive a warning and will be asked to stop using the specific pattern; failure to comply with the request will result in disqualification.)
Winners will be required to complete a short survey and provide a short video testimonial as per WSDT requirements to receive the prize.
The participant irrevocably permits WSDT to publish their names, place of residence, video, and trading results, as well as the live stats of their performance in the competition, without any remuneration, credit, or any rights whatsoever to the participant.
* Full Terms and Conditions are available at WSDT offices.