This week, we wanted to do something a little different. As you may have guessed from the title, we're running a trading idea competition!
The prompt for this competition is simple: Post your best pair trade idea for the given market conditions. Your idea's time horizon can be anything from the next week, all the way through the next several years. It's up to you!
If you didn't know, a pair trade is simply a type of trade idea where you go long an asset and short another asset in a way that will hopefully increase returns and decrease risk at the same time.
An example of a pair trade would be going long Tesla and going short General Motors simultaneously - by having exposure both long and short you reduce your market risk, while gaining exposure to the relative performance of the two companies.
Because Currencies are always quoted in other currencies, all FX ideas will be excluded from this competition. We're looking for some out of the box thinking!
What will you pick?? The world is your oyster.
Also, feel free to pick multiple symbols to go long, and multiple symbols to go short at the same time. Basket trading is cool too!
Be sure to include a solid description that explains the reasoning behind your idea - this is absolutely crucial to have a chance at winning.
The winner of this competition will win 12 months of Premium, a pack of TradingView tarot cards, and an exclusive TradingView T-Shirt.
In addition, we are guaranteed to select the winning idea as an Editor's Pick. :)
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Once you feel like your idea is ready for the main stage, you can enter the competition by adding the tag "longshortcompetition" to your post before you publish. You can also follow along with the competition using this tag.
Submissions close on July 1st at 9:30am EST, when we will select the winner!
We will be judging ideas based on three criteria: The quality of the idea/explanation, the uniqueness of the idea, and the creativity employed by the author.
Only one entry per user - if you post multiple ideas from your account, or through multiple accounts, you will be disqualified.
Good luck to all!
We can't wait to see what you guys come up with. Go get em 😉
-Team TradingView.
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Reminder:
You can check out all the entries so far here at this link!
It's time to crown the winner of the trading idea competition! After a lot of deliberation, the TradingView editors have picked a winner. Drum roll please....
Congratulations to Breakout_Charts for submitting their winning idea, "Is The Bear Making You Sick? Time To Get Right With Healthcare!"
The idea was the perfect mix of whimsical writing, thoughtful analysis, and unique perspective. Plus, a great harmony of technical analysis, fundamental analysis, and macroeconomic awareness.
Check your TradingView DM's for your prizes :)
Thanks again to everyone for their entries. There were so many good ideas, It was hard to choose among them!
@ameympalekar I’d switch it around honestly. Gold is outperforming btc year to date. And gold looks to start a new super cycle. While btc predictions and macro signs don’t look to bullish to at least q4. 😉