--- title: 'Quotex 2024 Latin America Cup Trading Championship – Prize Fund Up to $100K' source: 'https://youtube.com/watch?v=nae0jncz0L0' video_id: 'nae0jncz0L0' date: 2026-07-28 duration_sec: 585 channel: 'Ricco Senna' --- # Quotex 2024 Latin America Cup Trading Championship – Prize Fund Up to $100K > Source: [Quotex 2024 Latin America Cup Trading Championship – Prize Fund Up to $100K](https://youtube.com/watch?v=nae0jncz0L0) ## Summary ## Transcript And Will spoke, he touched on a very important point, which is the issue of the tournament. Well, a very cool tournament came up, okay? No, no, it's not the Latan, okay Will? And the Latan is another tournament, but this one here is also a very good tournament, which is the Copa América Latina. Its total prize pool is 000. I'm definitely going to participate in this tournament. I was expecting a big tournament, you know? For those who have known me for a long time, actually, there are people who know me because of this, on YouTube and everything else, you know me because I usually trade a lot of tournaments, right? A lot of tournaments, and in most tournaments I have very good results, right? Very good positions when I leverage the tournament. And the last tournament we did on Ctex was the Latan, I finished in second place, I won R$ 35,000, right? Real money in that was expecting a big tournament. Why do I like big tournaments? I'll explain to you now, okay? Some people already know, but I want to explain like them. Ah RIC, but there are several tournaments here that you can enter, including some free ones. Exactly, there are free ones, but what's the difference between entering a paid tournament and a free tournament? The advantage of the pay anything to enter; everyone can enter because it's free. But the disadvantage is that you only have one entry opportunity, and there are entry opportunity, and there are 13.64 participants, so it's high. And another thing, it only pays up to third place, only up to third place. Look, first, second, and third in the free tournament. You'll win $1 if you come in third place, $ 200 if you come in second, and $ 3,300 if you come in first. Then you say, "Hey R, but I didn't invest anything, I'll try to enter this tournament to try for a great result." If you want, that's fine, but man, the people are too punk, punk. People take and bet and make $100,000 in leverage. It's very difficult to achieve that result. So what I like to do, and I suggest you do if you like tournaments, you Waiting for these big championships, Waiting for these big championships, like the one that just opened up, the entry fee is 50. So, if we're going to do a calculation for real, let's say an average of 550, just so we can do the calculation together, to participate in this championship you would have to shell out 275 to have a chance to enter. So, what's my suggestion for you? If you like championships, you should set aside an amount, let's say you're rich, I have R$1000 to try for the championship. Great, what I suggest for you is... I'll give you the secret here about championships. First, you'll look at the details, you'll see what the prizes are and even what placement is paying those prizes so you can see how much you can risk. Let's go. So, this championship, you can see that first place is paying [Music] 0.000 R$ 0.000 R$ 110,000. That's good, right? With 50 you have the possibility, not that you'll reach it, hopefully you'll reach it, but you have the possibility of taking it home. 0.000 for second place, 15,000 which is a huge amount of money too, ah third place is 0.00 and 0.00, damn, I could have finished in second place, I'll try, right? To finish second in this championship because if it works out, 15,000 times R$50 is R$82,000 in my pocket, right? So okay, but let's go, what I want you to understand is that you always go for the last place, the last place that's paying in the championship, see, improve your paying in the championship, see, improve your performance, climb to the top, accelerate your results, join the VIP scene ( link in the description). This specific championship is paying up to the 28th place, how much is it paying? R$ 0.00, so if you finish in the last place in the ranking, it's important that you are within the ranking, you will win R$0.00. This $0.00 is really money that you will win. It will actually go into your pocket. How does R$0.00 come with this money as soon as the championship ends? They give a 24- hour deadline for this money. This $000 is converted to a real account, and from that real account, you can get your balance. Okay, real account, you can get your balance. Okay, so this $000 here place. Here's the big secret: it's a risk-reward ratio, right? What secret: it's a risk-reward ratio, right? What you're going to do is... you know the entry fee is $50, and each repurchase in the tournament is also $50. In other words, you'll enter with $50, R$ 275, you bought a ticket to participate in the tournament. Okay, you're in the tournament. As soon as you pay, you'll earn $1 in a virtual account there, which is the tournament account. The balance is even purple, right? It will turn purple for you, meaning you're already in the tournament. Okay, with this... that's what everyone earns in the tournament. Your goal is to leverage... in the tournament. Your goal is to leverage... until the end of the tournament, right? But we know you won't succeed on the first try. If you succeed, great, but the big secret is the repurchase. You manage to enter by repurchasing, you'll your account is zeroed, you're out of the tournament, but you can enter buying a re-entry, buying another 250, what's my suggestion? What do I like to do? I see what the minimum prize is, which in this case is 5500, and I'll risk a maximum of half the prize so that my risk-reward ratio is worthwhile. So, what is half the prize? 5500 divided by 2, half is 2750. So I know that in this specific tournament I can risk up to a maximum of 2750 because the risk-reward ratio is double, it's more than 100%. So for me it's still worthwhile. Anything above that isn't as worthwhile. Even if you went to the tournament to win R$500 it would still be worthwhile, but in my case I don't like it. You'll risk a maximum of half the return, which would give you, in my case, 2750. So how much can I risk? case, 2750. So how much can I risk? Divided by 275, which is an average re-entry, I can make up to 10 re-entries, 10 at most, up to 10 at most. re-entries, 10 at most, up to 10 at most. So I can try 2, 3, 4, 5, 6, 7. 8 at least finish in last place in the $000 Guaranteed championship. So what do I usually do? Well, what I usually this, even including live trading in the championship, but my initial goal is to get into the ranking, at least in last place. How do I do that? I use the Soro strategy, so I have 10 chances After I enter the ranking, great! Now I hold on, man, I hold on and just try to fight because what happens in championships is that people will make trades and they will make mistakes, there's no way around it. Your goal is to watch because if that person goes up, you make another trade to try to get back to your position and always stay at the top and let the people up there start try to gain position and eventually, sooner or later, they will lose and they will fall in position and automatically push you up. So what's your secret? The key is to stay in the ranking and maintain your position by focusing only on the last place. If the for the top spot, you'll do some quick fixes to get back up, and that's how you manage your position until the championship ends. To give you an idea, in the last Big Latan championship, I came in second, but I wasn't really in second place. Those who followed until the end saw that I was in sixth, maybe sixth, fifth, something like that. And the saw that I was in sixth, maybe sixth, fifth, something like that. And the battling it out at the end to try and get first place because everyone wants the top prize. They pushed me! I ended up in second unintentionally. So that's the big secret: get into the ranking first, possibility, want to enter championships, like championships, like that cool feeling, it 's really great, it's really cool. Look, those who have known me for a long time know that when I was with the now-defunct Option, I operated there, I did a lot of I started to gain some visibility, you know, when I started climbing the ranks and everything, and people found it interesting. Championships are good because you can do a lot of light work. Well, because whether you like it or not, the big players in the market also usually operate in these types of name there and then they go looking to find out who you are and everything else, and it's very find out who you are and everything else, and it's very cool, okay? But anyway, there you have it. If you cool, okay? But anyway, there you have it. If you can and want to operate in championships, your opportunity is now. 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