Summary:
EBC trading heats up: @Yiwangwuqian gains $80K shorting yen, @forexwatchbrother tops \$500K, and @King001 leaps to third place.
It's 16 May 2025 in EBC's Million Dollar Trading Challenge II and we're just 2 weeks away from the grand finale. After yesterday's dramatic leaderboard shake-up, it's hard to even guess who's going to win the top prize.
@Yiwangwuqian from the Dream Squad category has added another $80,000 to his profits in just 24 hours. That's way more than the total earnings of many other competitors.
After closing out all his gold positions from 15 May, he quickly switched to the forex arena, simultaneously shorting USD/JPY, GBP/JPY, and EUR/JPY. This approach is quite rare in the competition, but it's clear he's bearish on the yen and aims to offset volatility in the other currencies. By doing this, he has constructed a diversified "yen index" by combining these trades.
@forexwatchbrother on the other hand has smashed through the $500,000 barrier. He surprisingly started shorting the A50 Index yesterday. A look at the 4-hour chart shows that the previous high from March has become a firm resistance level.
In the Rising Stars category, both top 2 traders have withdrawn their funds and have not traded this week, suggesting they may be stepping back from the competition. Newcomer @King001, who entered yesterday, has quickly climbed to third place with a return of around 22x and has already attracted his first few followers.
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