Paper trading mastery: TradingView's "The Leap" and what many traders can aspire for
In a captivating display of virtual market mastery, TradingView's paper trading contest "The Leap" wrapped up with striking outcomes. From the sea of approximately 100,000 contestants, the top echelons of paper traders have surfaced with impressive returns on their $250,000 virtual capital, all within the thrilling span of 30 days.
TradingView, the number 1 charting software (IMHO)
🏆 The elite top 10 paper trader: Profits beyond expectations
💡 Lessons for the aspiring trader: Realistic trading expectations
For those embarking on their trading journey, these figures might seem like a fast track to wealth. However, reality paints a different picture: Most traders did not even make 0.1% return in a month, they lost money.
📉 The hard truth: The majority of traders struggle to profit
The average monthly return on the initial capital of $250,000, which generated $5,659, is approximately 2.26%. In terms of daily returns, this equates to an average of $188.63 per day, or about 0.075% of the initial capital. If we consider only the weekdays, assuming there are 21 trading days in a month, the average return per weekday is approximately $269.48, which is roughly 0.108% of the initial capital.
TradingView Paper Trading final results dashboard
📈 From paper trading to practical trading portfolios: Bridging the gap
🔍 The top 10 traders breakdown: An analysis of trading excellence (and mostly crypto in this case)
"The Leap" paper trading competition was a big success, IMHO, and illuminates the apex of paper trading achievements. But take heed:
🌟 Keep trading and keep developing: The journey of a trader is continuous, and each step, win or lose, is a valuable lesson. May your trading endeavors be as disciplined and strategic as they are successful! Visit ForexLive.com for additional views and opinions.
📈 The TradingView paper trading leaderboard
TradingView's Paper Trading Competition Leaderboard: Top 10
Traders and investors use our platform.
Top website in the world when it comes to all things investing.
Mobile reviews with 4.9 average rating. No other fintech apps are more loved.
Custom scripts and ideas shared by our users.
@santa_fx
@kubetson
@dacryptotrader
@imdrcruz
@brybrekoz_
@forex.alex
@itspatrickspencer_
@mytradingsetup
@youngtraderwealth
@cenobar
@ocasalinveste
@mytradingsetup
@Zach Bourdain
@miahouse9
@sabaisabai_fx
@french_trader
@marco_costanza_94
@TradingView
Whatever the trade
The biggest paper trading competition on Earth. Here is the top 10. What traders can learn – TradingView
