Summary:
EBC's Million Dollar Trading Challenge II has entered day 45, @songqiantongzi profits on longs, while @Linglingyi struggles with shorts.
EBC's Million Dollar Trading Challenge II has entered day 45, with the markets finally beginning to move past the recent wild swings. The Dream Squad, too, is beginning to show renewed energy.
It seems like @songqiantongzi was waiting for this very moment. After a few days on the sidelines, they increased their long positions in gold, secured a profit, and is still holding on, hoping for further gains.
In contrast, second-placed @Linglingyi has accumulated a large number of losing short positions in gold. In other words, the contest between these two is shaping up to be a true zero-sum game.
Turning to the Rising Stars category, @Gaoxin has quietly pulled ahead, now holding double the returns of the next trader and as expected, setting a new competition record with a 30x return. The number of traders copying @Gaoxin's strategy has also seen a slight increase.
Interestingly, @Gaoxin is also holding gold positions. From a technical perspective, a head-and-shoulders pattern appears to be forming, which may explain why many traders are leaning bearish on gold at the moment.
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