[00:01] share this victory with you all – another championship I participated in and won at a brokerage firm. Today's video is a bit more specific to help you develop in championships [Music].
[00:23] What's up? Championships are great for leveraging your account because the risk is usually very low, sometimes even zero, right? Because there are championships that are free, but I 'll tell you the difference between them. It's for
[00:36] capital, and the most interesting thing about all this isn't even the financial result, which is very good, but the challenge itself. Because you're competing with other traders, including those from around the world, you
[00:52] can test your own operational skills, your way of managing, and it makes you achieve unexpected results. Those who have known me for a long time know that I really like to trade in championships. I used to, but I really enjoy
[01:05] several championships at other brokerage firms. several championships at other brokerage firms. very good results. So what's the big secret? A lot of people
[01:17] ask, "How do you win a championship?"  [Music] There's not that much of a secret, right? It relatively expensive tournament, because it was $50 to participate. And so, here's
[01:32] my first tip for you: try to look for paid tournaments. Even if the price is a little lower, try to look for paid tournaments because they usually have a
[01:45] bigger prize and less competition. Most people enter free tournaments, which is fine because you won't have any cost, but the chance of winning is a little lower because the competition is much higher and
[01:58] the prizes are usually smaller. I entered this specific tournament because it was a paid tournament, the entry fee was $50, paid tournament, the entry fee was $50, relatively high, but
[02:10] paying up to the 33rd place. Whoever won between 33rd and 33rd place won $1,000 in prize money, which represents about R$ 5,000. I started this tournament live with you guys, remember? I trade live every
[02:25] guys, and I started this tournament with...  So, what's the big secret to this? It's having the possibility to make repurchases. example, you have R$1000. You can choose a championship to enter. You can
[02:39] try to look for championships that, for example, have a $10 or maybe $20 buy-in fee, because you'll take that R$1000 and you'll split it into profits. It's very difficult to leverage that $100, right? Because
[02:53] everyone in the Brazilian Championship has dollars, and your goal is to leverage 's what matters. So I'll leave you with a video, and make the championships and want to leverage your account, your financial results through
[03:08] championships, because it's a very good way out. Sometimes it's even better to trade championship prize than to leverage your own money there. Anyway, to achieve that result, so if you're interested in this subject, I'll leave this video
[03:21] championship is over. The name of this championship was Big Latam, as I told you...  Always look for tournaments that pay out, because the competition is lower and the prize is usually much bigger, so the
[03:35] how I made my first entries in this tournament, how I went from $100 to a high ranking, and everything else, I did it live with the guys. If I'm not mistaken, it was a live stream on June 12th or something like that. So
[03:48] if you look in my files, you'll find me trading that day. You see $50,000 in my account, but I didn't actually have all that money. This money actually came from the tournament. So how does it
[04:01] work? Let me open the tournament section here. In the tournaments tab, we currently available, including those that have ended. Big Lata is also among those that have ended, and I 'll show you now. Look here in the
[04:16] tournaments that are currently active. So pay attention: this one has a $10 entry fee, 19 participants, and it only lasts one day.  This is a very short tournament, but it's worth it because it pays $5,000. Let's see
[04:30] what placement it's paying up to. For example, here it's paying up to fifth place, $500 for fifth place, $ 800 for fourth place, $1,000 for third place, and so on. You keep raising the
[04:44] bar, so it's $10 for you to be among the top five out of 19 participants. For now, it's very worthwhile; the chance of winning is very high. If you really have good accuracy and
[04:59] told you, the chance of winning this tournament, for example, is very high. You would take home $500 with a very low risk. I 'll put the limit there at a maximum of $100. Maybe, to operate in this
[05:13] tournament, the risk-reward ratio ends up compensating. We have this one here that's compensating. We have this one here that's free, right? It's a total prize of $600, so it will pay up to third place. It 's free; you won't pay anything to
[05:25] competition is much higher because look, there are 1839 participants. So you have to be among the top three.  Between 1839, right? It's possible, but I'd prefer to
[05:37] possibility of less competition and a higher prize. You understand here, look, a very cheap entry fee of one dollar, and there are few people, right? So the risk ends up compensating for the risk-return, it's
[05:50] for a one-dollar fee. I you'll win, especially since there are few people. As I always said, in paid championships, people generally don't go, but that's where it's easier, you
[06:02] understand? So try these ones, a little easier. When you see this means it lasts one day. At the end you'll see, July 11th is when it starts at 9 am, it ends July 12th at 9 am. Many people
[06:16] end up making mistakes because there are people who enter the championship, for example, the championship starts in July, right? Then they start trading, and they go there and hit third place, for example, before the championship ends. Then the person says, "But I
[06:28] came in third place and didn't get the money."  It actually came to my account. You need to finish the championship; just reaching third place during the tournament doesn't guarantee the prize. You still need to finish, for example, on
[06:41] July 12th at 9 AM. If you finish in third place on July 12th at 9 AM, then yes, you will take your prize home, understand? But even if your prize home, understand? But even if you reach third place during the championship, it doesn't
[06:54] guarantee you the prize yet. You need to finish the championship in the position you were in to win the prize. Okay, let's go to the " Completed" part. So, the "Completed" part includes all the championships that have already been
[07:06] held here on the platform. The championship I participated in recently was this one, the Bil Latão, one of the biggest championships. So, look, the entry fee was a bit high, a bit steep. There were 613 participants,
[07:19] So, look, it lasted a month. This championship started on June 6th at 9 AM and ended on Friday, July 7th, at 9 AM, so it lasted a whole month. So, I finished in second place. Here's my name.
[07:33] in second place. Here's my name. I boosted to 2,690.  72 I was first place. The thing is, I do shows, you know, everyone, some people know I do shows, and I couldn't finish this championship because I
[07:46] needed to go on stage, right? And the championship was almost over. And then Eros went place here started making some trades and ended up climbing. But everything's alright, right?
[08:01] 35,000 reais. So as soon as the championship ended, pay attention, as soon as the championship ended, the next day when I opened my account, the money was already here in my real account. So where does the money go when
[08:15] I win my prize when the championship ends? Where does the money go? The money automatically goes to your real account. If you win in dollars, it real account. If you win in dollars, it will convert to Brazilian reais, right? At the
[08:27] won 7,000 dollars, the next day it already sent it to me converted, giving me something like that, more or less, around 35,000 reais here in my account. Well, real account, you can do whatever you want with that money. You can...  You can use this
[08:41] to trade your real account and further increase your earnings, right? It's a possibility, or if you want, you can withdraw to your account in Brazil as I haven't withdrawn yet because I wanted to make this video for you. I
[08:55] 'll have to withdraw in increments of 10,000. It's a strategy I use here at the brokerage, for some reasons I always talk about in live streams. I won't spend too much time here, but I usually withdraw in increments of 10,000.
[09:08] I'll have to make three withdrawals of R$ 10,000 until they pay me the entire prize. 'll withdraw another 10,000. It's a way I do it to manage everything and get the brokerage to pay me with a little more,
[09:22] in quotes, ease. We don't have big problems, but let's leave that for another video. Let's go, the prize. Your prize is always this, folks, on the side. Never forget this. Many people think, "Oh, rich! I took my account from 100
[09:35] to..."  2,690 for example, the same as you, I will win R$ 2,690. No, you will win the money corresponding to the prize for your position. If you came in second place and your prize is $7,000, you will win $7,000. Oh, but I made
[09:49] 2,690, it doesn't matter, your prize will be this one here on the side. Oh, but I made $10,000 here, it doesn't matter, your prize will be this one on the side. What is the told you, each tournament has a free tournament that everyone has
[10:04] access to, right? Anyone can enter for free, and there are you, I prefer to use the paid ones because it's easier, right? How is a Rich Winner determined? By participating in the tournament, each trader receives
[10:18] for a special tournament account. So you will win a special tournament account. This account will be more or less like this, timer, oh, it will be more or less written here, oh, big latam, it was written on mine, okay, so it's an account.
[10:31] Special for the tournament, everyone wins the same amount, $100. Everyone will start with $100, and you will start making your trades. biggest of all. At the end of the tournament, you are considered a winner. Okay, what are the
[10:46] reasons for disqualification? If you haven't made any trades by the end of the tournament, you are automatically disqualified. So, let's go: you entered the championship and didn't make any trades, automatically you're already
[11:00] championship, you have to start trading. You don't need to do it all the time, but you have to be updating yourself so you don't get disqualified. Okay? Oh, there are free tournaments, as I told
[11:14] you, yes, just look at the list. Okay, every week there are free ones. What is a rebuy? A rebuy is an option to revert your balance to the initial value, that is, without dollars, for a price established
[11:28] according to the tournament rules. So, for example, if the tournament is one dollar, the entry fee according to the rules will be one dollar. If you paid one dollar, you will win $100. Understand this...  You paid one dollar for the tournament, automatically your
[11:41] balance there will become $100. Then you start trading, but once you've re-enter the championship. You might need to pay another entry, another dollar will become another $100, giving you another chance to do this. That's why
[11:55] I told you it's important to have an entry fee to profit in this business. You always have to look at and measure the risk-reward ratio. What is the prize? It doesn't even have to be the biggest prize; generally, take the last
[12:09] prize. Let's suppose the last prize in this championship is the 33rd. See, the 33rd prize was $100. So you can put that risk, which I'm putting on last place, because it's easier to reach. What is the prize for
[12:24] this championship? Let's take an example of one dollar, so it compensates for the risk- reward ratio. I set a limit on the number of entries you can make within your capital and try to leverage within that limit. Okay? And if I win,
[12:37] I told you, the prize funds are transferred to your real account balance.  In this case, within 24 hours, so as soon as my championship ended, since I was at a show I didn't see it, but the next day I opened the platform and the
[12:50] money was already there, the balance was there, so you can withdraw it, you can do whatever you want with that money. So, in other words, championships are a good opportunity for you to increase your assets with the lowest risk. Prove it, it's a
[13:04] challenge, it ends up being enjoyable too, you meet other people. I managed to build a very cool network while operating the championship because your exchanging ideas with the people who are also in the ranking. You can
[13:17] customize your name in the ranking, put your username or something, so very cool, you meet other traders, anyway, it's very nice to join the championship, it's easy, your name is there, for sure. I want to see you in the next
[13:31] championships so we can trade together. Well, if this video to help me too, it's a two-way street, right? I help you, you help me, and everything's alright, okay? Well, we're together and until next time, bye.