Last year we did our own personal WeBull Trading Competition with $400 in prizes! Right now WeBull is holding their own with a Tesla Model 3 as a prize. The following article is written by Davey at www.trainwrecktrader.com:
The second week of the first annual Webull WeTrader Competition has just begun. WeBull is offering $10,800 in Amazon gift cards distributed amongst the top 10 most profitable portfolios for each of the 4 weeks of the competition and giving one
lucky skilled trader the keys to brand new Tesla model 3 (at the WeBull end-of-year party) or pay off $40,000 in student loans. WeBull is currently offering a free stock for signing up for an account (upon approval) and another free stock for depositing $100 into your brokerage account upon settling of that deposit. Davey’s Link, Derp’s Link.
It’s a fun contest, starting each Monday morning of October you have 100k and paper trade to get the most profits. You’re limited to US stocks priced over $5, no ETFs, and no initial position can be greater than $30,000. You are required to hold/trade at least 3 stocks during each week of the competition. But get this: Webull is donating $1 for every $1,000 of paper profits to a different charity each week, so you’re helping make the word a better place!
The first week of the competition I did some technical trading on some stocks on my watchlist and did way better than I ever thought I could. I broke into the top 50 out of about 3000, but was still really far behind the top 10. There’s some really impressive 5 day returns from some of the trading bros on there. Hats off to Jarod who crushed it with 13.5% return over 5 days.
Any trader that posts a greater than 5% return on the week was invited to post a little blurb on the webull community site.
“Dear Webull Users,
Congratulations on your paper trading earnings this week! You made more than 5% of your portfolio this week.
We invite you to share your trading story in the Webull community to help your fellow users.
1. By participating in this event, you can get the following:
A.Sticky Top Post: Your post could be selected and can be stuck to the top of the community home page for two (2) days.
B. Sitewide Push: If your post is compliant and gets more than 10 comments, we will push it out to tens of thousands of users on Webull Weekly.
C. Increase your Post Visibility: Promote your game’s personal homepage.If your praise goes to the top 30, you can go directly to the finals.
2. How to participate：
A. Use hashtag #WeTrader Competition when making a post. Don’t forget to add a link to your personal Paper Trader portfolio in your post.
3.Content Requirement of each post:
A. You must write a minimum of 100words in your review.
B. The content of the review must revolve around paper trading the stocks on Webull. Below are a list of example topics:
- How do you improve your trading abilities?
- How do you choose stocks?
- What is your trading strategy?
- How do you benefit from paper trading?
- Your trading story.
C. Do not recommend any specific stocks or industries in your post.
4.Deadline:October 15th, Midnight.”
I came at the competition with a swing-trading technical analysis perspective and held all my stocks to the end of the competition. Also I short sold $ALLK, which was probably my biggest gain in my portfolio.
Good luck out there and may the earnings be ever in your favor!
P.S. Feel free to post your profile below in the comments for us to like and upvote! -Derp