Crypto Academy Trading Competition [Fredquantum-Kouba01 Traders Team] - S6T4
It's another wonderful week of the ongoing trading competition in the Academy, week 4 of the trading competition to be precise. The third week has ended and the results are to be announced sooner. It's time to gear up for the new trading week, a time to choose your team, a team you would be making your trades with. Hopefully, you may be one of the successful contributors to your team. Let's ride to the main context.
Designed with Adobe Photoshop
About our Team in the Competition
In the ongoing trading competition, I @fredquantum has been paired with professor @kouba01 to lead the team themed Fredquantum-Kouba01 Traders Team. I believe you are familiar with this team before but the emphasis would be made to get you more familiar. Thanks to the students that joined us last week and we look forward to seeing if your best was enough to win the contest for the team.
It's the new week of the contest and we hereby invite you to join Fredquantum-Kouba01 traders team as we aim to win this edition of the competition. You make trades daily, write about the trade in a post each day and drop it for review, also the trading activities of our participants would be collected in the Google form, thereafter winners would be announced at the end of the trading week. The highlights of all that has been said from the beginning are:
- Our team is going to be led by the collaboration of me, @fredquantum, and @kouba01 with the team name as Fredquantum-Kouba01 Traders Team and the unique tag for joining the team is # fredkouba-traders6t4. Be careful with the tag as you ensure it's used correctly.
- You are expected to change your team every week as you can't remain in a team during the weeks of participation (to prevent powerful people from always gathering). If you have joined this team before at the beginning of the competition, you are expected to join another team this week, that said, we welcome new members to our team.
What should I do to be considered one of the Winners?/What Can I Post?
We have been able to handle the basics of this competition which range from our team details and your suitability to join us, do not mistake any of those that have been explained earlier. Nevertheless, there are a few other things that you are expected to know and we would take care of them in this section. Note: Users can trade any coin/token (can be spot/contract/margin trade etc.) and post on each of them. And the content of the post can be as follows;
- The name and introduction of the project token, and which exchange can be traded on, project/technical/team background, etc.
- Why are you optimistic about this token today, and how long do you think it can rise?
- How to analyze the token? (using the analysis knowledge learned from professors’ courses).
- Your plan to hold it for a long time or when to sell?
- Do you recommend everyone to buy? and the reasons for recommending/not recommending.
- Anything other users want to share about the token/project.
How to Record your Trade Details
You will be required to upload your trade details like the traded asset, entry type (Buy/sell), entry price, exit price, and profit/loss into the Google form. To do that, see some of the things you should do to fulfill the requirement of the competition:
- You can trade as many tokens as you wish in a week and on Saturday you will be required to add your 4 best trades into the Google form, specify your entry/exit prices and your profit/loss, it's very important.
- In addition, you should make screen record video of your best 4 trades included in the Google form and upload it. Make your video as short and small in size as possible- It should only be your 4 trades included in the form response.
- Important notice: Your video should only record your trade history that shows entry and exit with profit/loss records in a straight single view. Please do not upload unnecessary long screen records showing the processes of placing your orders, that may be considered invalid. Kindly take note.
And this is how you should respond in the Google form. Check below;
After adding your username, use the format above to add your traded asset (buy/sell), entry and exit levels, and profit/loss (It's important to add your profit/loss and if your trade is still yet to close, calculate your unrealized profit/loss and show the evidence). Remember to add the separator (,) between the values you have inputted. Do that for all the remaining fields and note that you must at least add one traded crypto asset.
Add the video file as indicated above and submit your response. Only traders that added all the 4 traded assets would be considered for winning for the week.
How the Winning Team is Selected and the Prize
The team to be considered a winner would be selected based on the highest ratio, that is;
The highest ratio = the number of profit trades / the total number of trades of the team.
In addition, the top 3 users of the winning team would receive 25% additional upvote from steemcurator01.
Conclusion
In conclusion, we have been able to address a few things as regards participation. Kindly get your trading methods right when trading to ensure your position in a market is valid to avoid losing your funds. That said, practice proper risk management such that if your setup goes the wrong way, the losses would be minimal. With love from Fredquantum-Kouba01 Traders Team, we wish you a successful trading week ahead. Thanks to everyone. Steem On.
Guidelines
- The title of the trading post should be, for example BTCUSD (Buy/Sell) | S6T4 - Team Trading Post for Fredquantum-Kouba01 Traders Team.
- You must be participating in at least #club5050. There shouldn't be any power down history within the club status's calculation period. Take note.
- Post your article to the Steemit Crypto Academy. One trade post per day. Take note.
- Be creative with your writeup and trading method.
- Your article must be at least 300 words and make sure your language is clear and straightforward.
- Users that are Powering down are not eligible for participation.
- Be sure that your article is free of Plagiarism, if you have directly copied words from any source, fully reference it.
- Remember to add the tag #fredkouba-traders6t4 among the tags.
- Only use copyright-free images and they must be well referenced.
- You must have a reputation of 60 and above to be eligible for participation. Also, you must have at least 500 SP in your wallet excluding delegated-in SP.
- This task runs till the 2nd of April 2022. Time: 11:59 PM UTC. Thank you.
Greetings, professor. I have a question regarding the video that I should record and add to the form. To make the video, do I have to use screen recording software? or can I record my monitor screen with my smartphone?
You can record the screen with your phone provided it would be visible and not contain multiple transactions. In addition, screen record is very easy on your computer by using the function Windows + Prt sc (holding windows key and prt sc key).
Thank you, professor. I have another question, I have updated the analysis of one of my trades and I would like to move the take profit level of it. Can there be a problem if I do that after posting?
Hello prof, Please can you trade same token traded in previous weeks??
You should trade new crypto assets entirely different from the ones you have traded in the previous weeks of the competition. Thank you.
Hello professor, you said we should upload four trades on the google form but five spaces have been provided for us to fill in the form...will one be disqualified for filling all five?
The Google form included in this article has 4 sections since its creation. I guess you should check again. Thank you.
Okay thanks professor...the previous one I filled for a different team had five sections..I thought it’s the same here
Very good
Good day professor @fredquantum. I have a question with regards to filling out the google form. In the case where a Stop market order (exit) is split into two, how should the form be filled?
Hello, @danielo109. Pick just an exit and combine the profit/loss. Ensure that it was the system that split your triggered order and not multiple transactions carried out by you. Thank you.
Alright professor, thanks.
Greetings, professor @fredquantum. I want to apologize for not being able to submit my last post on time. In my country (Venezuela) power outages are becoming more frequent; They happen every day and for many hours. My post was almost done and the power outage occurred for 6 hours and all the information was left on my PC. I was very frustrated. I have decided to post my last trade and submit the google form, hope you can receive it. If you can't accept my last post, at least accept the google form and the first three posts, please. I would really appreciate it.