Benzinga's paper trading contest powered by TradeZero is live and the top 10 contestants have each gained over 90% in two weeks as they compete to win over $30,000 in cash and prizes during a monthly contest.
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.
Here are the top four traders in the first portion of the contest as of Sept. 29:
- Andrea S.: $810,808.75
- John C.: $577,080.99
- Stephen L.: $383,377.90
- David K.: $274,020.00
The tenth-place trader has a balance of $190,154.29, meaning the top 10 traders have all gained at least 90% since the contest began.
While those gains may scare some away from joining the contest with two weeks left to post the biggest ending position when the contest ends on Oct. 14, the leaderboard continues to change.
First-place Andrea S. and fourth-place David K. were not among the top 10 in last week's recap, highlighting the top 10 traders in the paper trading contest. John C. ranked fifth at $171,500 and Stephen L. ranked seventh at $383,377.
Meanwhile, last week's first-place trader, Marcus R., fell to eighth place, and third-place trader, Kabir S., fell to ninth place. Last week's second-place trader, Bryce L., is not currently in the top 10.
Kabir recently told Benzinga that the TradeZero contest is his favorite trading competition he's taken part in.
Watch the video below for more on Kabir and his trading strategy in the contest, as he continues to rank among the top 10 traders.
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 contest. A minimum of five days of one trade or more must 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.
Read Next:
The World Championship of Trading (the "Contest") involves the assembling and managing of a fantasy stock portfolio and not actual trading results. Contest information and results (collectively, the “Content”) have been made available for information and entertainment purposes only and should not be considered trading or investment advice or a recommendation as to any security. All trading involves risks. Neither Benzinga nor TradeZero make any representations and warranties with respect to the accuracy of the Content, nor do they accept any liability which may arise directly or indirectly from use of the Content. See the Contest's official rules for all terms and conditions.
TradeZero provides self-directed brokerage accounts to customers through its operating affiliates: TradeZero America, Inc., a United States broker dealer, registered with the Securities and Exchange Commission (SEC) and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC); TradeZero, Inc., a Bahamian broker dealer, registered with the Securities Commission of the Bahamas; and TradeZero Canada Securities ULC, a Canadian broker dealer, member firm of the Canadian Investment Regulatory Organization (CIRO) and member of the Canadian Investor Protection Fund (CIPF). If you have any specific questions about TradeZero’s brokerage services, please reach out to the TradeZero broker dealer in your jurisdiction.
Photo: Benzinga.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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