Show HN: A crypto social trading platform that force people to practice stoploss
Hi HN,<p>I was watching an interview of Caroline Ellison (CEO of Alameda Research) the other day and found it interesting that she never uses stoploss (no wonder shit happened). One of the most important skills for traders is know how to set up stoploss and stick to it when stoploss is about to hit. I see that most crypto traders don&#x27;t follow this principle.<p>On the other hand, there is a segment in fintech called prop-trade challenge. This is a proven business model in forex &amp; stock trading with multiple platforms having 100k+ active users (such as Topstep or FTMO). These platforms evaluate day traders’ performance in real-time simulated accounts, in which those who pass the evaluation&#x2F;challenge earn a funded trading account (while still being monitored against its max drawdown rule).<p>I realized that prop-trade challenge can be integrated with copy-trade functions and create a better version of crypto social trading platform than the current Etoro model. That&#x27;s why I built Tordess (a “misspelling” of tortoise).<p>We launched our MVP (open-beta) on October 15th, acquired 700+ beta users&#x2F;testers as of today and secured affiliate partnership with 2 major Vietnamese crypto trading &amp; prop-trade (Facebook) groups that have more than 200 thousand members.<p>Since launch, several top traders on our platform have produced 100%+ return on simulated accounts, without breaking our rule of maximum 10% drawdown. While it is amazing how talented retail traders are able to achieve such results in crypto bear market, it also shows the potential of fixing social trading (copy-trade) model by combining prop-trade challenges.<p>If you find this interesting, please give Tordess a try. Our competition mode is always for free.<p>Let me know if you have any feedback or questions!
World's first crypto prop firm.
You bring the skills. we bring the funds.Unlock substantial trading capital with minimal personal risk and retain 90% of your profits. Join a community of traders learning to manage risk and trade for long-term gains, and secure funding to focus on your strategy.Sharpen your skills and level up your gainsFree Monthly CompetitionJoin free monthly competitions with attractive prizes for the top traders.Join paid challenge and be fundedEnter paid challenges to earn the right to trade up to $100,000 of our money. Qualified traders  get the funds to trade and keep 90% of profit.Powerful trading toolsWe provide high performance and powerful trading tools to unlock your ability.Help us beat the volatilityof crypto social tradingWe’re a team of former algorithm traders and crypto day-traders. Some of us were even top traders on several crypto social trading platforms, only for volatility to take a bite out of our (and our copiers’) returns.Help us minimize the volatility of crypto social trading. Succeed through our prop-trade challenges to deliver consistent returns and minimize risk to future copiers. In return, you’ll trade up to $100,000 of our money, keeping up to 90% of the profits (and copy fees from future copy-traders).Our name, Tordess, is a “misspelling” of tortoise because we believe in slow and steady wins. Join us today and earn bigger rewards, deliver consistent returns, and become a better trader than you ever thought possible. Your Tordess trading journey starts now.Free monthly competitionsGet a free virtual fund of $100,000 every month to prove your trading expertise.Attractive prizes for the top tradersThe top traders in Tordess free monthly competitions will compete for a funded account of $10,000 and many other attractive prizes.Unlimited challengesSubscribe to paid prop-trade challenges to earn the opportunity to trade with our capital.Up to $100,000 in fundingOutperform your peers to trade with our capital and keep up to 90% of the profits. We cover the losses.Community supportWhether you profit or not, learn how to day-trade safely from community trading experts on our Discord.Everyone's trading learning curve and challengesCompetitionSharpen your trading skills in our free monthly competition.Unlock unlimited potentialEarn as much profit as you can with a $100,000 virtual fund.Stay within limitsKeep maximum daily loss to 5% and maximum loss to 10% of initial balance or lose your place in the competition.Compete for attractive prizesBecome one of the top traders to win attractive prizes.TOP 1Become a Tordess Qualified Trader and receive a funded account of $10,000TOP 2Exempted from Tordess Challenge and enter Verification stage of $10,000 Challenge package for FREETOP 3Exempted from Tordess Challenge and enter Verification stage of $10,000 Challenge package for FREETOP 4Free voucher for $25,000 Challenge packageTOP 5Free voucher for $10,000 Challenge packageTOP 6Discount 50% off for $50,000 Challenge packageTOP 7Discount 50% off for $25,000 Challenge packageTOP 8Discount 50% off for $10,000 Challenge packageTOP 9Discount 50% off for $10,000 Challenge packageDefault payout ratio85:15 for all Tordess Qualified Traders.Elite challenge winners$100,000 package winners receive a 90% profit split.Payout requestAvailable on-demand through the trader's dashboard.Account growth optionOption to keep all profit in the account to increase trading power.Payout Rule1 - 3 business daysInitial Payout Request EligibilityCan be requested just after 7 days.PAYOUT RATIO / FUNDED TRADER90% 10 days of trading at least Up to $500 daily loss accepted Up to $1,000 loss accepted Promote to Tier 2: Verification 10 days of trading at least Up to $500 daily loss accepted Up to $1,000 loss accepted Qualified as a fully-funded Tordess trader Up to 500 daily loss accepted Up to $1,000 loss accepted Keep up to 85% profit while