Open a position on any commodity

In this video, Boris and Nick tackled Challenge #2: trading commodities. The episode was packed with insights, bold moves, and competitive banter.

Market Moves and Key Takeaways

Challenge #2: The Commodity Face-Off
Boris and Nick brought their A-game, leveraging different assets to highlight their trading styles. Here’s how it unfolded:

• Boris’s Scalping Methodology
  Boris focused on scalping—a quick-hit strategy ideal for volatile markets. Using an 8-period simple moving average on a one-minute chart, he demonstrated a high-frequency approach to capturing small, consistent profits. His emphasis was on mean reversion, entering trades when the price stretched away from the moving average and waiting for it to revert.
  “This is how I trade every day—it’s simple, effective, and keeps me engaged,” Boris explained as he worked through multiple gold scalps live on-screen.
• Nick’s Take on Bitcoin
  Nick took a different route, opting for Bitcoin as his asset of choice. Describing it as a “high-risk, high-reward” trading vehicle, he went long after spotting a pullback to a support level on the daily chart.
  While Nick favoured a bullish outlook, Boris countered with a short, calling Bitcoin “a drunken sailor stumbling around,” reflecting the unpredictable sentiment surrounding the cryptocurrency.

Strategic Insights for Traders

The episode offered viewers a behind-the-scenes look at how professional traders make decisions in fast-moving markets:

• Scalping Gold: Boris’s scalping approach showed how traders can extract value from quick, targeted trades without exposing themselves to overnight risks. His method of multiple entries and exits ensures consistency, even in choppy conditions.
• Bitcoin’s Role in Trading: Nick highlighted Bitcoin’s dual nature as both a risk-on asset and an alternative store of value. While he used it as a short-term trading vehicle, the conversation delved into broader debates about its long-term viability.

The Debate on Bitcoin: Bull vs Bear

The battle wasn’t just about trades—it also touched on Bitcoin’s future.

• “Bitcoin is like a pet rock,” Boris remarked, critiquing its lack of intrinsic value but acknowledging its role as a speculative asset.
• Nick countered, noting Bitcoin’s potential for traders: “As a trading vehicle, Bitcoin offers opportunities to profit from volatility. For me, it’s about capturing moves, not holding long-term.”

Whether you’re refining your strategy or seeking inspiration, there’s something here for every trader.