Since the inception of the FYERS 30 Day Challenge, thousands of traders have attempted it and overtime we’ve witnessed its positive impact on the performance and the approach to trading itself. Earlier this year, we introduced Badge Of Honours to record & acknowledge the winning streak of 30 Day Challenge participants with these 5 badges To our surprise, there are several ace traders that have displayed uncanny consistency in their trading endeavours and have already won the challenge more than 5 times in a row. Hence, we are introducing new badges to continue to acknowledge their winning streak and motivate other traders to develop trading discipline and look forward to reaching new goals.
The complete list of badges (including 5 new ones) are:
|Rookie||Won for the first time|
|Rising Star||Won 2 times in a row|
|Hattrick Hero||Won 3 times in a row|
|Prodigy||Won 4 times in a row|
|Wizard||Won 5 times in a row|
|Double Hattrick||Won 6 times in a row|
|Veteran||Won 7 times in a row|
|Virtuoso||Won 8 times in a row|
|Triple Hattrick||Won 9 times in a row|
|Legend||Won 10 times in a row|
Here’s a sample list of certificates. The 5 new certifications are not easy to accomplish and can only be done by those who stay true to the path with an unwavering trading discipline. Winning 5 in a row is pretty hard in itself but achieving a Double Hattrick and beyond indicates that the trader/s have figured out a method to the madness. Otherwise, that level of consistency is implausible. The ones with longer winning streaks that they have the ability to adapt to the changing market cycles.
We’re happy that so far, the FYERS 30 Day Challenge has yielded phenomenal results for participants and although our revenues are impacted as we refund brokerage of up to ₹10,000 per winner (to Non-API users), we just think that it’s the best motivating factor to help traders become consistently profitable. We cater to the more regular & serious retail traders who are allocating a significant portion of their time & energy to trade better and to generate profits regularly. Please note that API users are eligible to receive certificates upon winning but not eligible for brokerage refunds. Brokerage refunds was introduced to motivate discretionarily traders to develop self-control and emotional discipline when trading.
This year, traders that took the challenge have had a great run and the percentage of winners each month has exceeded 15%. This is very high considering the widely acknowledged 90:10 rule, wherein it is believed that only 10% of traders can be successful. Yes, I know that the higher than average success ratio in the short-term (<1year) could be temporary due to a period of low volatility in the markets but we’ve observed that those who have taken the challenge tend to have a higher success rate over the years.
We look forward to adding more value to the trading community in the future. Yes, there’s more scope to improve things further and we’re listening to your feedback. If you want to give me your suggestions or interact with us, you can join us in the community. If you like our initiatives and want us to keep making things better for you, do refer your friends.
Stay safe & Happy Trading!
Tejas is the Co-Founder & CEO at FYERS, the youngest team to get NSE’s broker license. He has a specialization in finance and has over 10 years of work experience spanning across proprietary trading, risk management, and broking. Tejas & his team started FYERS, a technology-focused brokerage as a mission to transform the trading/investment landscape in India.