Show Posts
Trader Spreadsheet Update
Spreadsheet: https://docs.google.com/spreadsheets/d/1unCcQPa-_u34gZ0oKwWoIG6F_CbP0umK1x3tN2-qHAI/
Due to the overwhelming success of the crowdfund, we are changing things up a little bit to improve how the GAM trading fund operates. Rather than having a select few hand-picked traders manage everything, we are going to expand it into a larger competitive environment. We are allowing open nominations for traders who will be able to have their trades tracked, and every single trader will compete for a top-10 spot in the rankings. The top 10 traders will be the ones who have the real BTC follow their trades, and they will be rewarded with BTC payment for profitable calls. This will create an endless-competition where Gambit always has the best-performing traders be the ones making the calls. Allowing open nominations will also enable newcomers to be able to work their way up the ladder if their trading is profitable. This setup will remove any trader bias, intentional or not, from those of us working on GAM. We want the trading results to speak for themselves.
Having 30+ traders in a friendly competition ensures strong trading and removes any potential situations where bad traders are having a great week, or great traders are having a bad week. As trading history continues to build, the best traders will elevate the rankings and stay there. The spreadsheet offers the highest-ranked traders with the ability to earn the most BTC for staying there, in a "king of the hill" sort of manner.
Since the spreadsheet is starting off in a completely blank slate, tabula rasa, we are tracking 20-50 traders on paper. This allows us to start out with a proper top 10 list of the best performers when trading history comes in. This also allows any new interested traders to join in on equal ground. On a longer timeline, having a dynamically changing top-10 list of traders should provide the highest probability that the majority of trades are profitable, and that the GAM fund is trading most efficiently with the least risk to the fund.
For traders interested in participating, or if you would like to nominate a trader, feel free to email raithe@gmail.com or message @gambitcrypto on twitter.
--While trading history is being gathered, the Gambit fund will be loaned out for swaps. 100% of the earnings will be used to build GAM buy support on the exchanges, and burn any tokens purchased. This data will be tweeted on @GambitCrypto after completion.
Spreadsheet: https://docs.google.com/spreadsheets/d/1unCcQPa-_u34gZ0oKwWoIG6F_CbP0umK1x3tN2-qHAI/
Due to the overwhelming success of the crowdfund, we are changing things up a little bit to improve how the GAM trading fund operates. Rather than having a select few hand-picked traders manage everything, we are going to expand it into a larger competitive environment. We are allowing open nominations for traders who will be able to have their trades tracked, and every single trader will compete for a top-10 spot in the rankings. The top 10 traders will be the ones who have the real BTC follow their trades, and they will be rewarded with BTC payment for profitable calls. This will create an endless-competition where Gambit always has the best-performing traders be the ones making the calls. Allowing open nominations will also enable newcomers to be able to work their way up the ladder if their trading is profitable. This setup will remove any trader bias, intentional or not, from those of us working on GAM. We want the trading results to speak for themselves.
Having 30+ traders in a friendly competition ensures strong trading and removes any potential situations where bad traders are having a great week, or great traders are having a bad week. As trading history continues to build, the best traders will elevate the rankings and stay there. The spreadsheet offers the highest-ranked traders with the ability to earn the most BTC for staying there, in a "king of the hill" sort of manner.
Since the spreadsheet is starting off in a completely blank slate, tabula rasa, we are tracking 20-50 traders on paper. This allows us to start out with a proper top 10 list of the best performers when trading history comes in. This also allows any new interested traders to join in on equal ground. On a longer timeline, having a dynamically changing top-10 list of traders should provide the highest probability that the majority of trades are profitable, and that the GAM fund is trading most efficiently with the least risk to the fund.
For traders interested in participating, or if you would like to nominate a trader, feel free to email raithe@gmail.com or message @gambitcrypto on twitter.
--While trading history is being gathered, the Gambit fund will be loaned out for swaps. 100% of the earnings will be used to build GAM buy support on the exchanges, and burn any tokens purchased. This data will be tweeted on @GambitCrypto after completion.
Thanks for the update. Much appreciated.
