EBC Million Dollar Trading Challenge II | Rising Stars Face the 10x Curse
The EBC Million Dollar Trading Challenge II has entered day 21, with fierce competition as traders from both groups make a fresh push for the top spot.
As of 11:00 AM, Dream Squad's second-place trader, @Liyang, has narrowed the gap with the leader to less than $2,000. Based on their recent pace of earnings, it seems only a matter of time before they claim the top position.
Trailing closely behind is @3zo3zo, who is just $1,500 away from @Liyang. The 2 traders showcase contrasting styles: @Liyang focuses exclusively on gold trading, while @3zo3zo diversifies across forex, gold, and equities. Additionally, @Liyang favours high-frequency small trades, whereas @3zo3zo opts for low-frequency large trades. This clash of trading philosophies reflects the competition's goal of offering diverse and high-quality signals for novice traders.
In the Rising Stars category, there has already been a change at the summit. @tonytony now sits at the top with an impressive return nearing 10x. However, achieving 10x returns has proven to be a curse in this competition, as several top traders have stumbled after reaching this milestone. Given @tonytony's higher volatility metrics, monitoring their performance closely over the weekend is highly recommended.
Meanwhile, third-place Rising Stars trader @Ljx121124 is steadily climbing with consistent profits. Their broad coverage of forex pairs rivals the style of Dream Squad's former leader, @fengzheng01.
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