Introduction
It's great pleasure to be writing again in the Steemit Crypto Academy. Season 6 at the Academy has entered the 4th week with slight changes, technically, the 2nd of the week of the trading competition where different teams are formed amongst professors to lead their students to win the competition. The first week has received some participation and we have seen students putting what they have learned in the Academy into practice in real trades. Let's go to what I have to discuss for the day.
Designed with Adobe Photoshop
About the Competition
For the ongoing trading competition in the Academy, each team is formed from two professors, and students would join any team of choice in the hope of participating and winning the trading competition. I @fredquantum and professor @kouba01 have formed a team to lead our students to victory in the competition, we have been together from the first week of the trading competition and for this week also, we are still together as a team.
We appreciate the students that joined us last week and we can see how well they have performed. That said, for this second week, our theme remains Fredquantum-Kouba01 Traders Team and our unique tag is # fredkouba-traders6t2, take proper note of the new tag. As regards this competition, there are a few things you need to know, which are;
- The team formed by the collaboration of me, @fredquantum, and @kouba01 maintains the name, Fredquantum-Kouba01 Traders Team and the unique tag for joining the team is # fredkouba-traders6t2.
- 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). As such, if you joined us last week, you will have to change to another team as our team also welcome new participants into the team.
What should I do to be considered one of the Winners?/What Can I Post?
Having understood what the competition is all about, to be eligible to become a winner in this trading competition, certain conditions must be met and I will give a list of those in this section. Users can trade any coin/token (can be spot/contract/margin trade etc.) and post on each of them, they can trade and post daily, and the content can be:
- 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) —- important part
- 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, entry price, take profit price, and stop loss price 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 5 best trades into the Google form, this would be used to calculate your profit/loss when the data are being collected.
- In addition, you should make screen record video of your best 5 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 5 trades included in the form response.
Let me quickly walk you through how you should respond to the Google form.
After adding your username, use the format above to add your entry and exit levels, and profit/loss. Remember to add the separator (,) as at where necessary as shown in the format. 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 5 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, the new week is rolling already and we hope you'd enjoy a wonderful trading week. We invite you to join our team, Fredquantum-Kouba01 Traders Team with the team's tag #fredkouba-traders6t2 and let's win this edition of the competition. We wish you a profitable trading week ahead and we would look forward to receiving your entries. Thanks to you all.
Guidelines
- The title of the trading post should be, for example BTCUSD Buy/Sell | S6T2 - 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-traders6t2 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 350 SP in your wallet excluding delegated-in SP.
- This task runs till the 5th of March 2022. Time: 11:59 PM UTC. Thank you.