# Aug 2023

:tada:**Trading Competition Aug 2023 has ended. Congratulations to all the winners!** :tada:

Check the result here! <https://fulcrom.finance/trading-competition/>

<figure><img src="/files/JXXlZhhbGYLvqXcjik21" alt=""><figcaption></figcaption></figure>

Trading Competition is back for our Fulcrom traders! :trophy:

**USD 10,000 worth of $FUL for the Top 20 Traders.** Only the skilled traders can ride the wave and bring the prizes home. Are you ready for this challenge?

## Trading Competition Details <a href="#dfcb" id="dfcb"></a>

⏳ **Duration**: Aug 2, 2023 9am UTC — Aug 16, 2023 9am UTC

📍 **Where**: <https://fulcrom.finance/>

:moneybag:**Prize**: **USD 10,000 worth of $FUL** for the top 20 traders on the leaderboard

<figure><img src="/files/pwVeFH7iAUYfDM2aIkBj" alt="" width="507"><figcaption></figcaption></figure>

📝 **How to participate?**

1\. Connect your crypto wallet with [Fulcrom Finance](https://fulcrom.finance/)

2\. Fund your account

* No min/max limit on how much to trade during the trading competition
* No additional entry fee or changes for you to join the competition.

3\. Start trading

* Simply open position(s) of your desired pairs as usual. Both market order or limit order will be counted into your Trading Score.&#x20;
* Your trading score will be earned automatically\*. The more trading score you earned, the higher you rank on the leaderboard.&#x20;

4\. Check your performance

* Visit our leaderboard to check your rank against the other traders

*\*Trading score will be updated every 60 seconds. Leaderboard ranking will be refreshed daily at 00:00 am UTC.*

📜 **Rules**

To ensure a fair trading competition for all participants, please take note of and follow the rules below:

* Only trades made during the competition period will be counted towards the trading volume competition.
* The use of bots or any attempts at market manipulation are forbidden and may result in disqualification.
* The competition organizer reserves the right to disqualify any participant who violates the competition rules.
* The competition organizer reserves the right to change the competition format, rules, or prizes at any time without prior notice.
* Participants are responsible for any tax liabilities arising from the prizes they receive.
* Fulcrom Finance reserves the right to make the final decision upon any dispute.

🧮 **How is Trading Score calculated?**

Below is the Trading Score formula we use for the competition. Pick your strategy to get the highest Trading Score!

> ***Each trade PnL% =*****&#x20;PnL before fees / collateral of each trade**
>
> ***Trading Score =*****&#x20;Sum of \[each trade: (PnL %) \* sqrt(volume)]**

For example, you performed 3 trades:

Trade 1: PnL 10% , volume 50K\
Trade 2: PnL -2%, volume 10K\
Trade 3: PnL 7%, volume 12K

Your trading score would be:

10% \* sqrt(50K) — 2% \* sqrt(10K) + 7% \* sqrt(12k)

{% hint style="success" %}
By using higher leverage on trades where you feel confident, you can increase your probability of winning the competition.
{% endhint %}

### &#x20;<a href="#id-1cc7" id="id-1cc7"></a>


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