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.
The competitors will be eliminated if they are:
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.
Regardless of your account balance in the beginning of the day, you are ranked based on your P/L for the same day.
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|
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.
Between the three competitors above the Day-6 ranking would be:
|№||Name||Account balance Day 6|
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
Points gained on Days 1, 2, 3, 4, 5
Disqualified competitors lose all their points.
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.
Each competitor can only apply once for the competition.
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.
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.