The Supreme Trader Trading Competition offers a platform for traders to showcase their skills and compete for significant rewards. This event is designed for users who enjoy high-stakes trading and wish to test their strategies in a competitive environment. Participating in such competitions can be a valuable learning experience, providing insights into market dynamics and performance metrics.
To maximize your chances of success, it's essential to understand the rules, eligibility criteria, and calculation methods used in the competition. Proper preparation and strategic planning can make a substantial difference in your overall ranking and potential earnings.
Competition Timeline
The competition follows a structured schedule to ensure fairness and clarity for all participants. Adhering to these timelines is crucial for eligibility and reward claims.
- Registration Period: The registration window opens on October 11, 2024, at 12:00 PM (GMT+7) and closes on November 12, 2024, at 12:00 PM (GMT+7). You must complete your registration within this timeframe.
- Competition Period: The actual trading competition begins on October 12, 2024, at 12:00 PM (GMT+7) and concludes on November 12, 2024, at 12:00 PM (GMT+7). All trading activity and performance will be measured during this period.
Eligibility Requirements
To ensure a fair and compliant competition, certain eligibility requirements are in place. Meeting these criteria is mandatory for participation and receiving any rewards.
- Affiliate Invitation: Participation is exclusively for users invited by a Supreme Trader affiliate. You must have registered using an affiliate's unique registration link or entered their invitation code during your account sign-up process.
- Main Account Only: Only main accounts are eligible to participate. Sub-accounts are expressly excluded from the competition, and their earnings will not be counted towards the main account's total.
- KYC Verification: You must complete full Know Your Customer (KYC) identity verification. This is a mandatory step to both participate in the competition and claim any rewards you may earn.
- Formal Registration: Simply meeting the criteria is not enough. You must actively click the "Join Now" button on the campaign page and receive a confirmation message stating you have successfully joined. Without this confirmation, your participation is considered void.
- Regional Restrictions: Due to local laws and regulations, residents of certain countries or regions may be prohibited from participating. Your verified KYC information will be used to determine eligibility based on these restrictions.
Trading and Asset Rules
Your performance and ranking in the leaderboard are determined by specific financial metrics. Understanding these rules is key to formulating a successful trading strategy.
Asset Qualification
Your main trading account balance must reach a minimum of 100 USDT at any single point during the competition period. The moment you meet this threshold, your Personal P&L Period officially begins and lasts until the competition ends.
Trading Volume Criteria
A minimum trading volume of 20,000 USDT must be generated during the competition period. This volume can be accumulated through either USDT perpetual contracts or spot trading. Failure to meet this minimum volume requirement will render your score invalid and exclude you from the final leaderboard.
Data Display and Participant Minimum
Please note that all data displayed on the competition leaderboard is not in real-time. There will be a processing delay. If your stats are not updating, refresh the page after a short period. Additionally, the competition requires a minimum of 10 qualified participants to proceed; otherwise, it may be canceled.
Understanding Profit and Loss Calculation
Your ranking is primarily based on your Profit and Loss percentage (P&L%). The calculation is designed to reflect the effectiveness of your trading strategy relative to your capital.
Key Calculation Formulas
- P&L% Formula:
P&L% = P&L / (initial equity + total deposit amount) * 100% - P&L Formula:
P&L = [unrealised P&L + realised P&L - initial unrealised P&L] - Total Deposit Amount: This includes all USDT transferred into your trading account from other accounts (like your funding account) during the event, plus any USDT obtained from selling assets in spot trading.
- Initial Equity: This is your account's USDT equity (including any unrealised P&L) recorded five minutes after the competition starts. This snapshot becomes your baseline.
- Initial Unrealised P&L: If you hold any positions when the competition begins, the unrealised P&L from those positions is recorded separately as the initial unrealised P&L.
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Impact of Fund Transfers
Moving funds between your accounts can directly impact your calculated P&L%. For example:
- Transferring 1,000 USDT from your funding account to your trading account counts as a 1,000 USDT deposit.
- Withdrawing 1,000 USDT and then redepositing the same amount also counts as a 1,000 USDT deposit. Managing your capital movements carefully is crucial for maintaining an accurate and favorable P&L%.
Eligible Trading Products
Only specific trading activities contribute to your competition metrics. Focusing on these eligible products ensures your efforts count towards the leaderboard.
Valid trading volume must come from USDT perpetual swap trading pairs. The use of trading bots and copy trading services is permitted, provided they are executing trades based on these eligible perpetual swap contracts. It is important to note that only volume generated from your own funds counts; trades executed using platform rewards like rebate cards or contract vouchers are excluded from the volume calculation.
Frequently Asked Questions
Who can join the Supreme Trader Trading Competition?
This competition is exclusively for users who were invited by a Supreme Trader affiliate and registered using their specific link or code. Participants must also use their main account, have completed KYC verification, and not be from a restricted region.
What happens if I don't meet the 20,000 USDT trading volume?
If your total trading volume during the competition period falls below the 20,000 USDT minimum, your score will be invalidated. This means you will not be ranked on the leaderboard and will be ineligible to receive any rewards, regardless of your P&L%.
How is the initial equity for my account determined?
Your initial equity is automatically recorded by the system five minutes after the competition begins. It is a snapshot of your total USDT equity at that moment, which includes the value of any open positions you may have.
Do transfers between my own accounts affect my ranking?
Yes, transferring funds into your trading account from a funding account counts as a deposit and increases the denominator in the P&L% calculation. Withdrawing funds can also impact your equity. Strategic management of capital movements is advised.
Are trading bots allowed in this competition?
Yes, you are permitted to use trading bots, but only if they are trading eligible USDT perpetual swap contracts. The trading volume they generate will count towards your total, provided it meets all other competition criteria.
Why is my data on the leaderboard not updating instantly?
The data on the competition page is not real-time and is updated periodically with a delay. If you do not see your latest stats, please wait for a short while and refresh the page to view the most recent information.