# UNDERSTANDING HOW YOU CAN RANK WELL IN THE TRADE.IO #LOVECRYPTO CONTEST

in tradeio •  2 months ago

In my last article, I shared that Trade.io is hosting a 10-day Trading Contest.

The prizes are quite large with the top 50 traders getting a piece of 5 Bitcoin.

Traders will be ranked by these two factors and their coefficients multiplied. The lowest number wins.

#### Lets look at this example

Let's say we have 200 traders. We then decide to focus on 4 Traders - John, Alice, Fred, and Gustav.

John starts with \$100 worth of Ethereum and by the end of the contests, his portfolio is worth \$400.

Alice starts with \$2000 worth of Ripple and by the end of the contest, her portfolio is worth \$350.

Fred starts with \$300 worth of Bitcoin and ends the contest with \$450 worth of coins.

Gustav trades with \$250 worth of USDT and ends up with \$300 worth of coins

Let's use this information to decide the winner of the contest.

#### Ranking Based on Trade Profit

John - (400 - 100)/100 x100% = 300% profit

Alice - (350 - 2000)/2000 x100%= -82.5% profit or 82.5% loss

Fred - (450-300)/300 x100% = 50% profit.

Gustav - (300-250)/250 x100% = 20% profit

Let's assume they ranked as follows

#2 - John

#5 - Fred

#13 - Gustav

#89 - Alice

#### Ranking Based On Trade Volume.

Let's assume they ranked as follows

#1 - Alice

#7 - Fred

#17 - Gustav

#101 - John

To decide the overall ranking we multiply the positions each trader had in each criteria

John - (2 x 101) - 202

Alice - (89 x 1) = 89

Fred - 5 x 7 = 35

Gustav - 13 x 17 = 221

From this, we can see that Fred performed best in the Contest. Alice had the biggest volume and John had a great profit rate. The key is balance.