Taking on The Leap: My Strategy for TradingView’s Paper Trading Contest — Intro
Have you ever wondered if you have the skills to be a successful trader? Here’s the chance to find out without risking a penny!
I’m excited to announce that I’ll be participating in TradingView’s “The Leap” paper trading competition this August.
In this blog series, I’ll be sharing my experience, competition insights, and the strategies I’ll use to try and win a slice of the $45.000 prize pool.
So, what is The Leap?
It’s a completely free, global competition where anyone can test their trading skills with virtual money. You’ll start with $250.000 in paper money to trade indices, currencies and commodities.
The competition runs from August 1st to 30th, and the leaderboard will be published on the TradingView website within 3 business days after the closing date.
Don’t worry if you’re new to trading!
You don’t need a fancy brokerage account or real money to participate. However, you will need a valid TradingView paid plan (purchased at least 30 days before the contest begins). But hey, there’s always next month!
The rules are available here.
Symbols for trading
Seven assets are available for trading. There are well-known world stock indices — S&P 500, DAX, and Nikkei 225. And world's top commodities — gold, silver, crude oil, and gas.
Commission
The preset commission for the Paper Trading Competition Account is 0.04 percent.
Position
The instruments used for the Competition have limits on the maximum size of the open position:
- for OANDA: SPX500USD maximum amount for an open position is 11
- for OANDA: DE30EUR maximum amount for an open position is 3
- for OANDA: JP225USD maximum amount for an open position is 1
- for OANDA: XAUUSD maximum amount for an open position is 17
- for OANDA: XAGUSD maximum amount for an open position is 600
- for OANDA: WTICOUSD maximum amount for an open position is 330
- for OANDA: NATGASUSD maximum amount for an open position is 4400
My main focus will be on S&P500, DAX, and Gold. Since these are the ones I have already performed some backtesting and believe I can achieve a nice performance.
The Results
The results of the Competition will be announced no later than three working days from the end date.
After the final calculation of the results, they will be published at https://www.tradingview.com/the-leap/ in the leaderboard.
Expectations
Prizes are distributed among the first 250 participants in the Competition who received the greatest profit in the Paper Trading Account.
With over 3,802 traders already signed up, The Leap is heating up!
Past Contests Results
In the first competition, out of 90,000 entrants, only 2,833 showed a profit of more than 5%.
In the second competition, out of almost 78,000 entrants, only 1,831 managed a profit of more than 4%.
That said, if we achieve around 10–15% profits this month, it could land me a spot on the leaderboard.
My Strategy
In the coming weeks, I’ll be refining my strategy and share it in a future post. Stay tuned!
Follow Along
Throughout the competition, I’ll be keeping you updated on my progress, the trades I make, and how my strategy performs.
So, don’t forget to subscribe to follow along on this exciting journey!
While there’s no guarantee of success, I’m determined to give it my all and learn as much as I can from this experience. Whether I win or lose, I’ll be sharing my takeaways and insights at the end of the competition. Wish me luck!
Persist and Prevail!
