10 Benzinga World Championship Of Trading Powered By TradeZero Contestants Are Up 40% In 1 Week: There's Still Time To Join, Compete For $30,000 In Cash, Prizes

Benzinga's paper trading contest powered by TradeZero is live and the top 10 contestants have gained over 40% each as they compete to win over $30,000 in cash and prizes during the competition.

But it's not too late to sign up!

Here's how you can take home your share of cash and prizes and win a tour of the New York Stock Exchange.

The Contests: Powered by TradeZero, the World Championship of Trading is the ultimate trading competition for investors to prove their keen eye during a three-month time period.

The first of three separate contests kicked off on Monday, Sept. 16. Contestants have until Oct. 7 to sign up for the first contest, which runs through Oct. 14.

Each investor will have around one month across three separate contests to generate the highest profits from a starting balance of $100,000 in a simulated trading account.

Contestants in the World Championship of Trading will have access to Benzinga's Live Squawk product.

Investors will also gain exposure to TradeZero's newly patented short selling tools.

Kabir is one of the contestants in the contest and is ranked third with a balance of $193,340.00 as of Sept. 22. The trader recently shared with Benzinga how he's using the contest to perfect his trading strategies.

"This is my favorite one (contest) so far," Kabir said. "TradeZero, first of all, great platform."

Kabir said he likes being able to sign in on TradeZero and "see the leaderboard every day."

Admitting he's a risky trader, Kabir said he likes that the paper trading contest allows him to buy larger quantities than he might in real life and believes others in the contest are doing the same thing.

Kabir likes buying options and making scalp trades, getting in and out of his trades fast.

"I don't want to hope for more."

Kabir utilizes the weekend to research and mark levels on stocks on his watchlist. The trader likes making at-the-money contracts and says the contest could also see him trading in-the-money contracts.

"Entry is everything."

Kabir credits TradeZero with being "very speedy" and said his options trades go through very fast.

"I really like trading with a risk-reward mentality."

Kabir said he joined the contest a day late. He is in third place and is in line to win $500 in cash and one year of Benzinga Pro essential.

Here are the top four traders in the first portion of the contest as of Sept. 22:

1. Marcus R.: $259,979.50
2. Bryce L.: $211,285.00
3. Kabir S.: $193,340.00
4. Alexander S.: $190,903.68

The tenth-place trader has a balance of $140,496.30, meaning the top 10 traders have all gained at least 40% since the contest began.

Contest Rules: The contest is open to residents of the United States and Canada who are 21 years of age or older.

Traders will be able to buy simulated equities and options from U.S. markets during the contest periods starting with a balance of $100,000. No fractional shares will be allowed. Traders have to hold a minimum of one stock or option throughout the duration of the contest. A minimum of five days of one trade or more have to be completed throughout each contest.

Interested investors have been able to sign up to join the contest since Friday, July 26. Signing up for the first contest will automatically register an entry in the second and third contests. Traders can sign up for the contests after the start dates as long as it is before a cutoff deadline.

The dates for the contests are listed below:

• Contest 1: Sept. 15 through Oct. 14
• Contest 2: Oct. 15 through Nov. 14
• Contest 3: Nov. 15 through Dec. 14

The last days to register for the contests are Oct. 7, Nov. 7 and Dec. 8 at 9 a.m. ET for the three respective contests.

Read Also: TradeZero CEO Daniel Pipitone: Giving Retail Traders An Institutional-Level Toolbox

Contest Prizes: Participants have the chance to win as much as $30,000 in cash and prizes during the contests. Travel and expenses will not be paid for the NYSE tour prizes.

Here are the contest prizes for the World Championship of Trading.

Contest 1:

• First Place: $5,000 cash, lifetime of Benzinga Pro Essential, tour of the NYSE and lunch for two at the NYSE.
• Second Place: $1,000 cash, one year of Benzinga Pro Essential.
• Third Place: $500 cash, one year of Benzinga Pro Essential.

Contest 2:

• First Place: $10,000 cash, lifetime of Benzinga Pro Essential, tour of the NYSE and lunch for two at the NYSE.
• Second Place: $2,000 cash, one year of Benzinga Pro Essential.
• Third Place: $1,000 cash, one year of Benzinga Pro Essential.

Contest 3:

• First Place: $15,000 cash, lifetime of Benzinga Pro Essential, tour of the NYSE and lunch for two at the NYSE.

Find out more at the World Championship of Trading site.