Summary:
On day 10 of the EBC Million Dollar Trading Challenge II, @fengzheng01 leads with $46K profit, shifting focus from gold to forex trades.
The EBC Million Dollar Trading Challenge II enters its tenth day, with the weekend bringing significant changes as new names appeared on the leaderboard.
@fengzheng01 maintained the top position, accumulating a profit of nearly $46,000 as of 11:30 PM. Notably, the proportion of gold trades in their portfolio decreased substantially, while forex trades increased.
Recently, gold has been consolidating around $2,900, while European currencies and the Canadian dollar experienced heightened volatility due to the EU's fiscal policy shift and US tariffs – likely influencing the shift in trading preferences.
Consistent outperformance boosted @fengzheng01's follower count to 31, with further growth expected. @followingtrend climbed to second place with a contrasting strategy, primarily focusing on high-frequency, small-volume gold trades.
@ Fengye1688, a newcomer who started trading today, secured the third position with profitable gold trades. In the Rising Star category, the top ten participants each achieved returns exceeding 200x, with the new leader @HuweiEA boasting an impressive 434x return.
@uutyukunn, previously poised to be the first to reach the 10x milestone, faced a significant setback on Friday. A substantial loss from shorting gold resulted in their drop from the leaderboard.
Technical analysis reveals that @uutyukunn's stop-loss position was near gold's intraday high. Had they held the position for a few more hours, the outcome could have been drastically different. This scenario highlights a crucial difference between live and virtual trading: the impact of psychological pressure.
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