3400 % ++ ROI in a month , trading competition in Indonesia

[asking2]

https://imgbb.com/M5Xk07D https://indodax.com/trading_contest?open=leader-board , Guys i think we are all missing something , there are people out there who's making a killing in the crypto trading . A trading competition from indodax . I get it if 1 or 2  people achieve that kinda gain , but this is top 10 with similar ROI in a month . Maybe anyone got advice to where exactly to look for this kinda knowledge ?

[Potato Chips]

The problem with these trading competitions is we have no way of knowing if some made up numbers gets mixed along the way.  I'm not accusing them or anything, just wanted to say we should take caution on the things we can't verify. 

There is no direct guide for such roi. Don't forget the other side as well where loads of people are losing money.

[asking2]

The problem with these trading competitions is we have no way of knowing if some made up numbers gets mixed along the way.  I'm not accusing them or anything, just wanted to say we should take caution on the things we can't verify. 

There is no direct guide for such roi. Don't forget the other side as well where loads of people are losing money.

I live here in Indonesia , and indodax is one the biggest local crypto exchange with several official government regulation and they paid millions of dollar in taxes every year . They have reputation to protect to just made up some skewed trading competition result . This is their 4th time of the competition i think . yeah of course trading always possess a risk .

[Potato Chips]

I live here in Indonesia , and indodax is one the biggest local crypto exchange with several official government regulation and they paid millions of dollar in taxes every year . They have reputation to protect to just made up some skewed trading competition result . This is their 4th time of the competition i think . yeah of course trading always possess a risk .

Unfortunately, it doesn't completely diminish the possibility that the results are not rigged. A good example is how even the top regulated exchanges are involved in wash and insider trading.

https://bitcointalk.org/index.php?topic=5411917.0
https://bitcointalk.org/index.php?topic=5407225.0

Again, I'm not accusing them but I would keep an open mind.

[jackg]

The issues with these sorts of competitions is that the results are likely rigged (by the competitors).

If there was no minimum trading amount or if the minimum set was very low then things like this become more likely to happen because one person can.make many accounts, deposit less than a cent/dollar on them and convince the exchange they've made a good profit.

A lot of copy trading strategies generally don't set stop losses too because it boosts the chance of their take profit being filled while also boosting their risk - the most successful of those can do 4000% in a few days - they're normally very unreliable to keep going and quite unstable - some traders can do -50 to -100% in a day after a few weeks of a seemingly steady climb up to the thousands%.

[joniboini]

Don't focus too much on their ROI. Some of these guys are whales who can pump out a token for fun just to get the prize, and don't forget the risk mentioned above. You won't be able to get the "ROI" for this kind of competition if you don't have much capital, just focus on a realistic goal such as 10% profit per month or so.

[Husires]

How did you know it was in a month? The site mentions the return on investment and does not specify the date, it may be the return on investment for all time.
You are an ordinary investor. When you hear that someone has achieved 3400 % ++ ROI, do not expect to get the same return, otherwise everyone would be rich. The average is always much lower.

Such good investment is too good to be true.

[so98nn]

Oo, trading competition Sounds very dangerous to me. The number one reason behind this is, competition could get on the nerves and when this happens it could lead to catastrophic decisions while trading. I would not want myself in the position where I am making decisions based on emotions and in the want of winning against my opponent. Trading is more or less calm based stuff. One must do it carefully, with perfect logic and without any burden on the decisions. I don’t think it will work so easily for the normal trader like me.

[Eternad]

What is the basis of this ROI percentage? If I’m not mistaken those percentage is in APY% because that’s the standard percentage use by exchange to measure individual profit to make the percentage huge and attractive. I’m not sure if I’m correct but those 3400% growth is just x34 profit and very manageable to attain on trading with high leverage but this will gonna be risky. Can you verify if the ROI is the percentage of growth of initial margin or the APY%.

[Oceat]

I'm starting to believe that my doubts was real when it comes to something(trading) like this and even if it's not about trading there's always a possibility that it's all rigged. What makes me say that, it's just I've known Indonesian and Chinese players are very competitive when it comes to a game.

Excuses if that's off or out of the topic but my point is they're always ready to pay just to rigged the game in order to gain the full control or full prize that they wanted. I don't know why they have to do it though maybe because they love/like the competition or there's something behind that we don't know yet.

And with that 3400%++ ROI, I don't think someone would be ready to risk their capital since they were like bidding instead of trading and we don't know exactly if that's monthly or a year result of ROI.

[Scripture]

Those are real traders and usually, already in the market for years now. I see them as an experienced trader who already knows how to handle their emotion towards the market. There's also a trading competition in my country, but I didn't see such kind of ROI in just a month, maybe crypto market really gives that ROI especially if you are able to follow some trend that is unexpected to happen. Kudos to those traders, and hopefully they can also share their strategy to the public.

[samcrypto]

Those are real traders and usually, already in the market for years now. I see them as an experienced trader who already knows how to handle their emotion towards the market. There's also a trading competition in my country, but I didn't see such kind of ROI in just a month, maybe crypto market really gives that ROI especially if you are able to follow some trend that is unexpected to happen. Kudos to those traders, and hopefully they can also share their strategy to the public.

That can be manipulated but it doesn’t matter, they are the real traders and made a good profit out of it and beside it’s a competition so let’s give the benefit of doubt to them.

Trading is fun and profitable once you already established a good trading plan and strategy, that can happen to any traders who are committed to win in this market. This is a proof that we can win against the market, though it may take a lot of work but still its possible to happen.

[Baofeng]

Yes, I do agree, the numbers seems to be absurd so I will take everything with a grain of salt here. There are a lot of manipulators around just saying, whales that can move the price if they want to specially in a competition like this. Sort of winning and then have the badge and the bragging rights. But you don't know that they totally make it and be sure that they are going to win through deceit and rigging the results on their favor.

[AjithBtc]

Trading isn't simple as we keep wagering on gambling contests. It needs some analysis to be done before making a trade. Just for the sake of contest never get into traps. Enjoy trading, just through learning. If you're interested in trading, then make it an opportunity and try your understanding on trading. Maybe that ca give hands for long term prospects than looking for contest wins.