Summary:
Day 14 of EBC's Million Dollar Trading Challenge II: @willsdad leads, @Liyang and @3zo3zo follow, and @Fanfan123 gains 9x returns on GBP/JPY.
The EBC Million Dollar Trading Challenge II has entered its 14th day, and the leaderboard has seen dramatic changes, with @fengzheng01 dropping out of the top 3.
Yesterday in the Dream Squad category, @willsdad opened their first trades and successfully capitalised on gold's rally, surging to the top spot. Third-place trader @Liyang also benefited from 3 long positions, securing solid profits.
Meanwhile, @3zo3zo barely held onto 2nd place. Shifting focus to their expertise in indices, they earned over $2,000 from trades on the Nasdaq and Dow Jones.
The Rising Stars category continued its steady upward trend in profitability. @Finallyfivehundred dropped to 2nd place after halting trading since March 12th, a prudent decision amidst market volatility.
However, fortune favoured @Fanfan123, who achieved an impressive return exceeding ninefold. By repeatedly shorting GBP/JPY with small positions, they reaped significant rewards despite previously exclusively trading gold.
This currency pair displayed a head-and-shoulders pattern yesterday, likely motivating their strategic pivot. With 8 followers currently tracking their trades, achieving the competition's first 10x return would undoubtedly attract more attention.
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