Hi Tiger Traders, the first part of the 2023-2024 elite team real trading competition has been launched. Join the ranking competition now and you will stand a chance to compare your trading performance with global investors!🚀

🌟 If you are a funded user of Tiger

🌟 If you have a passion for trading

🌟 If you are skilled in day-trading

🌟 If you are a high-frequency trader

🌟 If you are so brave to embrace challenges and confront gaps in trading prowess with others

If you meet the above criteria, you are the trading star we are searching for! Let me explain the ranking rules and the metrics now.

Section 1: Rules of ranking

1.1 The scope of the statistics includes all stocks, options and futures on Tiger Trade, while investments in Fund Mall and Tiger Vault are excluded.

1.2 Ranking update time:

Metrics 2-7 are updated on an hourly basis；

Metrics 1, 8, 9-12 are updated on T+2-day basis. The T-day's statistics are updated between 8:00 a.m. and 11:59 a.m. on T+2-day.

1.3 The ranking list can show a maximum of 999 data. Rankings after this can not be shown on the ranking list.

Section 2: Explanation of the data

No.

Metrics

Calculations

Instructions

Order

1

Maximum principal return rate

= Current period maximum value of cumulative net profit / Current period maximum value of investment principal

The maximum principal rate refers to the maximum accumulated amount of money you made (or lose) in a period and excludes factoring by P&L, cash deposit & withdrawal.

Descending order ↓

2

Win ratio

= Current period total winning trades / Total trades

This metric is the percentage of trades that you win.

Descending order ↓

3

Loss ratio

= Current period total losing trades / Total trades

This statistic is the exact opposite of the Win ratio. It’s the percentage of trades that you lose

Descending order ↓

4

Largest winning trade

= The largest winning trade in a period.

This statistic tracks how much money you made on your best trade.

Descending order ↓

5

Largest losing trade

= The largest losing trade in a period.

This statistic tracks how much money you lost on your worst trade.

Descending order ↓

6

Average winning trade

= Total gain from wins / The number of winning trades

This statistic is a calculation of the average amount you made on all your winning trades

Descending order ↓

7

Average losing trade

= Total losses from losing trades / The number of losing trades

This statistic is the exact opposite of the Average Winning Trade — it’s a calculation of how much you lost on average from all your losing trades.

Descending order ↓

8

Maximum draw-down rate

= (Net asset peak high - net asset trough low )/ Net asset peak high

This statistic is the maximum amount of money you’ve lost from your peak balance — and helps to indicate how much risk you’re taking on.

Ascending order ↑

9

Sharpe ratio

= Rp−Rf / σp

where:

Rp=return of portfolio

Rf=risk-free rate*

*Refer to the yield on the U.S. 10-year Treasury bond, a fixed value of 3.8% is selected.

σp= standard deviation of the portfolio’s excess return

Sharpe ratio is a measure of investment risk, which divides a portfolio's excess returns by a measure of its volatility to assess the risk-adjusted performance.

Descending order ↓

10

Annualised volatility

= σ√T

where:

Xi = The ROR

u = Time weight rate of return from the sign-up day till the last trading day

T = number of periods in the time horizon

The statistic measures the dispersion of returns for a portfolio. In most cases, the higher the volatility, the riskier the portfolio.

Ascending order ↑

11

Annualised return rate

= (Actual earnings * 365) / (Principal * Investing days)

The annualized return formula shows what an investor would earn over a period of time if the annual return was compounded.

Descending order ↓

12

Holding period return

= (End of period value - Initial value -(cash deposit+cash withdrawal) )/ Initial value+cash deposit

The holding period return refers to the overall return earned by holding an individual asset or a collection of assets during a specified duration, commonly referred to as the holding period.

Descending order ↓

Please note:

Metrics 1-7 are based on closed orders, holding positions are not included.

Metrics 9-12 are based on the calculation of the P&L Rate. The assumption of the calculation is that the deposits on a particular day participate in the transactions on the same day, and are included in the assets at the beginning and at the end of the period. It also assumes that the withdrawals on a particular day don't participate in the transactions on that same day, and are only included in the end value of total assets.

The calculation is as follows:

T day's ROR = ( Ve-Vs-(Cd+Cw））/ (Vs+Cd)

Time-weighted ROR = (1*(1+Rt1)*(1+Rt2)*...*(1+Rtn)-1)*100%

*Cd & Cw refer to external cash flow such as deposits, withdrawals, stock transfers, etc.

*Ve & Vs refer to the total assets at the end and the beginning of T day.

For metric No.8 “Maximum draw-down rate”, the outcome below 0.1% will be deleted from the ranking.

For metrics 10, 11 and 12, the outcome equals to 0 will be deleted from the ranking.