What is a Challenge?
A challenge is a time-specific event with certain qualification requirements, rules to participate and a prize to win.
Anyone who qualify can enter the challenge and the winner takes home the prize.
Qualification and rules are described in more detail below.
1. Period
The challenge has a start date and an end date.
You can join the challenge up until the start date but naturally not after the challenge has started.
The challenge runs until the specified end date.
2. Max Start Amount
This is the max amount you are allowed to start with and allowed to risk.
If the Max start amount is $1000 and you have and account with $1000 buying power you can join the challenge. If you make a trade the first day and gain $100, you can trade with your new buying power which is $1100. If you lose $100, you can trade with your $900 that is left.
It is possible to join the challenge using an account with more buying power than the Max Start Amount, however, if you risk more than the calculated allowed buying power, you will be disqualified. Allowed risk applies to both short and long trades.
To summarize, you don´t have to move cash around your accounts to enter the challenge but you have to keep track of your buying power.
You can easily check your current buying power by adding the start amount + your current PnL on the challenge leaderboard
3. Metric
This is the metric which determines the winner and the placement on the leaderboard during the challenge. Typically realized PnL.
4. Prize
The prize the winner gets.
5. Broker restrictions
Some challenges may be restricted to specific brokers. Unless specific, you can join with any broker.
6. Joining a challenge
You join a challenge with an account (Not your full portfolio which may consist of multiple accounts).
The account must be a real account, not a sim or paper trading account.
You can join a challenge up until the start date and you can leave the challenge any time.
In order to join a challenge your profile must be set to Public + Leaderboard under sharing options
7. Leaderboard
The leaderboard showing all participants in the challenge. The metrics shown are specific to the challenge which means they are only for the time period of the challenge and for the account that is joined.
General Rules
You are only allowed to enter a challenge with one account, it´s not allowed for a single individual to create multiple profiles to enter a challenge with multiple accounts.
The account can´t have any open positions at the start of the challenge.
All trades must be fully closed at the end-date of the challenge, it´s not allowed to have any open positions, including partially closed trades.
If a profiles sharing options are switched from Public + Leaderboard during the challenge, the user will imediately get disqualified
Kinfo reserves the right to disqualify anyone at its own discretion if there is suspected abuse.
If you decide to leave the challenge while running, you can´t join back in.
A challenge may be subject to additional rules set by sponsors.
