After a tough battle of the Elimination Round, 2,000+ participants were eliminated and these are Top 10 traders who made it.
From 12th Oct - 23rd Oct 2020: These are Top 10 traders will compete against each other based on their trades!
Each trader will be starting with fresh virtual capital of $100,000.
Who will emerge as the ULTIMATE TRADER in Singapore?
The ULTIMATE WINNERS (based on performance): The top 3 traders with highest portfolio returns will win prizes. A minimum of four trades for each participant is also required to be the top 3 traders.
Prizes to be won
1st Prize: $4,000
2nd Prize: $2,000
3rd Prize: $1,000Watch the leaderboard closely below and see all their trades & portfolio returns!
This simulation campaign will start on 12 Oct 2020
This simulation campaign has ended on 23 Oct 2020
How to Win?
This tournament consists of two rounds:
Elimination Round (10th Sep - 30th Sep 2020): A free-for-all trading simulation that includes all participants. Top 10 traders based on highest total portfolio returns will be selected. A minimum of four trades for each participant is also required to be the top 10 traders.
Final Round (12th Oct - 23rd Oct 2020): Top 10 traders will compete against each other. The top 3 traders with highest portfolio returns will win a prize. A minimum of four trades for each participant is also required to be the top 3 traders.
What do the veteran traders think about DLCs and the Tournament?
DLC provides retail traders with market accessibility to go long/short on various stock indices & individual stocks at a low commission cost due to its leveraged nature. Spreads are tight as well!
The tournament gave us a chance to understand DLCs which is something that we wouldn’t do on our own. I will recommend everyone to use this chance to try out the live simulation before diving in straight with DLCs trading, You can even win prizes, learn and win at the same time!
This is an interesting and challenging game whereby you need to predict the opening price for the next day because usually the next day will open gap up or gap down. And I was “forced” to see many charts everyday. When in Top 10, I will need to see what DLC my competitors that are higher position than me bought. If I was to trade the same as them, then it’s hard for me to overtake them. Anyway, it was a great experience!
The competition had provided traders, new and old, a platform to exchange trading ideas, test out my understanding of DLCs and fine tune my trading plans. It was an opportunity of learning based on live simulation and given me confidence how to use DLCs for trading!
As a trader I thrive on liquidity and volatility and this is actually what DLC provides. When I trade in other derivative product, the time decay element has always been my challenge. DLC to me is a like “perpetual option”. If you have a good trade plan on the underlying DLC stock on indices, there are great trading opportunities.
DLC is a good short-term trading instrument for the active traders. With the proper training and risk management, it can significantly enhance the returns on the portfolio.