Doo Prime’s S3 #DooTrader Charity Cup — Global Trading Competition has reached its first milestone and is entering yet another stage. After nearly 28 trading days of strong and fierce competition, Round 1 of the global competition concluded at 23:59 (UTC+0), 26 October, 2022.
Doo Prime is proud to showcase the winners of this year’s inaugural category:
Round 1 in Review
Classic Group: “Stop losses and let profits run” – Holy Grail Trading proved by the winner
Many traders tend to increase the trading position and take greater risks in order to obtain higher returns during a short and competitive race.
On the contrary, the winner of the Classic Group, Liao XXX, took more than 80% of the positions with small 0.1-0.3 lots; and thanks to his excellent management of positions and funds, his overall profitable orders was as high as 72%, leading his way to the final championship with nearly 900% profit rate.
Within a short month of trading, LiaoXXX resolutely implemented stop-loss actions. All the loss orders, where the loss amount accounted for a very low proportion, were closed at a strict stop loss.
On the other hand, his profitable orders have made the profits soar. The profit of a single order is much higher than the amount of loss, with a profit-loss ratio of up to 2 to 1. The name of the champion is well deserved!
He XXX is the first runner-up in the Classic category, and focused on trading mainly futures and spot indexes. With the brass futures HG2212 product, He XXX accumulated a profit of thousands of dollars in profit. This is a stellar example of Doo Prime’s ability to offer different types of trading products for traders who play different markets.
Master Group: Retracements are a norm, while a drop is implemented to rebound
In the Masters group, the champion Jeon Ji YXXX stabilized his position after a wave of retreats in the early stage. The trader then relied on a larger lot of open and big sums, until he finally won the title by a small margin!
On the first day of the competition, Jeon Ji YXXX opened a large short-position with the NAS100 spot index, but had a bad start with three losing orders. This subsequently caused a retracement of almost 40%.
Normally, traders would reduce their positions and take a risk at this point in time, in order to stabilize and rebound. But this player did not choose to correct his trading system, and instead continued to trade the NAS100 with a 2-lot position, and gradually turned his losses into profits.
His biggest order profit also occurred near the end of the contest on the 25th, with a single NAS100 spot index profit of USD10,765, stretching the yield sharply.
Jeon Ji YXXX’s trading curve proves many trading legends or success stories, where traders corrected themselves in twists and turns and retracements at the beginning, then maintained the mindset to stick to the strategy system – resulting in trades finally soaring to the top!
The competition in the Masters category was quite fierce, with the second place finisher, Lin YueXXX, trailing the first place finisher by just under 15% of yield difference. In terms of trading, contrary to the story of the first place player who started low and went high, Lin YueXXX showed his dominant spirit at the beginning of his participation in the competition.
In two minutes, he placed 10 long position lots of EURUSD and achieved a gain of nearly 200%, which is a good example of boldness.
Even if the account draws back slightly in the later stage of the game, the high gains made on EURUSD were enough to outshine the crowd and prompted the trader to the top three in the Master’s category.
The road of trading is full of thorns and at the same time exciting. On this road, every trader not only gains profit and reputation, but most importantly – in the ups and downs of the K-line, and the ups and downs of the earnings curve – traders find themselves and write their destinies.
We would like to congratulate all the winners of the first round and look forward to the next round of the competition to witness the birth of a master trader!
Calling For Round 2 – Join Now!
Now that the ranking of the first stage has been established, Round 2 will start at 00:00:00 on November 7th, 2022, and ends at 23:59:59 on December 14th, 2022. Do note that the registration of the second round ends at 23:59:59 on December 1st, 2022.
Whether you are first stage contestants who would like to make a comeback, or new contestants who want to join and compete for the championship title and prize pool in 2022, the chance is yours to grab.
Join Round 2 by choosing your preferred group and get qualified:
Group: Classic / Master
Minimum Deposit Requirement: USD 1,000 / USD 10,000
How to join:
a. Balance meets the minimum requirement
b. There are no pending/in-transit order in the registered account
Remarks: After the start of each round, if an account does not meet the minimum balance requirement for the category, or if there are open orders in the account, the system will not calculate the trading data. The data will not be counted until ONE HOUR after the account has met both of the abovementioned conditions.
Visit DooTrader.com now to find out more.
Terms and conditions apply.