Build Your Own Trading Competition and Share Your Success
Having a personal trading competition is a great experience: to be part of the trading community, develop your skills, and even earn some money. BullRush simplifies it for anyone to host and manage a competition, novice or pro. The following is an easy-to-follow, step-by-step guide to get you started.
Step 1: Sign Up for BullRush
First, you will need to register a BullRush account. Go to the BullRush website and register according to the instructions. Once logged in, you can start constructing your competition.
Step 2: Choose the Competition Name
Pick a unique and catchy name for your contest that captures the essence of the challenge. Make sure it’s memorable and resonates with your participants.
Step 3: Set the Start Date and Time
After you’ve chosen the duration, choose the competition start date and time. This notifies participants when the competition begins, and it’s easy to schedule in advance. Whether you want to start tomorrow or next week, BullRush allows you to decide the timing exactly as you wish.
Step 4: Choose the Duration of Your Competition
BullRush gives you the ability to choose the duration of your competition. Choose an option that fits the challenge you want to construct: 1 hour, 4 hours, 12 hours, 1 day, 1 week, or 1 month based on your challenge level.
Shorter time frames are best suited for quick, frenzied challenges, and longer ones for players to strategize and execute more complex trades.
Step 5: Set the Start Date and Time
After you’ve chosen the duration, choose the competition start date and time. This notifies participants when the competition begins, and it’s easy to schedule in advance. Whether you want to start tomorrow or next week, BullRush allows you to decide the timing exactly as you wish.
Step 6: Set a Participant Limit
If you want to limit the number of traders, you can add a participant limit. This is perfect for creating a more individual competition or concentrating on specific communities or groups. You can totally control how many people can enter.
Step 7: Specify the Trading Rules
Establish the primary rules for your competition to ensure fairness and structure. Some important rules you can create are:
- Daily Drawdown Limits: Establish a cap on how much each participant can lose per day.
- Maximum Drawdown: Specify the overall loss a participant can experience before being eliminated.
Starting Balance: Select the initial capital of participants. Available options are between $1,000 to $1,000,000.
Step 8: Set Entry Fees
BullRush allows you to charge entry fees from your opponents, and the minimum cost begins at just $10 (plus a very small platform fee). You can also charge a creator fee (0-23%) to earn passive income from the entry fees. This way, the fees are contributed to the prize pool, and you can earn money from hosting the competition.
Step 9: Determine the Payout Structure and Choose Product Groups
Decide on how the prize is to be shared. You can reward top performers or split the prize on the basis of some achievements. For example, you can award prizes to the top three traders or split them based on percentage achievements.
You can choose which trading products are allowed for your competition.
Select the product category that best fits your theme and interests of your participants.
Step 10: Customize Banners and Branding
BullRush allows you to personalize your competition by adding your own banners and choosing branding features. Whether you wish to add your logo, a particular theme, or simply make your competition appear more professional, this step allows you to set the tone and ambiance of the event.
Now that you have everything settled, double-check all that you have selected and click on Create to begin your competition. BullRush will take care of the technical aspects for you so you can focus on marketing and communicating with participants.
Why Build Your Own Trading Competition?
- Involve Your Community: It’s a fun and thrilling means of linking traders to each other and building your community.
- Feature Your Ability: Make your competition tailored to your vision, from branding to rules.
- Passive Income: You’ll get to take a share of some of the entry fees as the competition designer, with an ongoing income source.
Why BullRush?
BullRush offers an array of revolutionary features that ensure developing competitions is straightforward and entertaining:
- Low Entry Fees: Begin at low cost.
- Instant Payouts: Reward winners quickly.
- Gamified Experience: Notifications, certificates, and live leaderboards make it more fun.
- Virtual Capital: Test strategies without paying real money.
- Free Analytics: Utilize very effective tools to optimize strategies and improve performance.
- Competition Diversity: Host different types of challenges and tournaments as per your preference.
Showcase Your Achievements
As you compete and accumulate, you can track and post your performance on your Achievements Page.
Personalize your page by adding a personal banner, describing yourself, and linking your social media sites.
You can use all of these features and make changes by accessing the “Settings” option in your dashboard.
To include description and link your social media accounts, visit the right side panel of the “Settings” page. There you can easily copy paste the link of your social media accounts.
This is your personal public page in which you can show your stats, ranks, and competition record. It’s a great means of building your reputation within the trading community.
Ready to Create Your Own Trading Competition?
BullRush makes it easy for anyone to create and host a trading contest. Whether you’re an experienced trader or a beginner, you can tailor your contest to fit your requirements, become part of a community, and even earn passive income.
Join BullRush today and start building your trading contest. Create. Compete. Conquer!
