Fund managers Tomáš Pacalt and Roman Panuška demonstrated their trading expertise on the global stage at the World Series of Trading (WSOT) 2024, organized by crypto exchange Bybit. Competing against more than 80,000 traders worldwide, they finished first in one of the most respected crypto trading competitions globally.
What is WSOT?
The World Series of Trading (WSOT) is a global trading competition hosted by Bybit, the second-largest cryptocurrency exchange. The 2024 event ran throughout October, attracting 80,000 participants across 380 teams. Teams competed in several categories, with performance measured mainly by capital appreciation over the contest period.
The competition is extremely demanding, requiring continuous trading over an entire month. For Dopamine Investments, it provided a chance to benchmark trading strategies against global peers and test several tactics under real-world conditions for potential integration into the fund’s broader portfolio.
Winning Strategies
The team’s success centred on identifying market inefficiencies within the cryptocurrency space. By targeting smaller, more volatile tokens, they focused on parts of the market that tend to be less efficient and offer greater opportunities for profitable trading.
One notable example was the token FitFi, which declined sharply due to inflationary pressure. Despite the deteriorating fundamentals, it remained available for leveraged trading on Bybit — a structural inefficiency the team was able to identify and exploit. Following an internal analysis and review of trading activity, Bybit removed several similar tokens from its platform.
These types of inefficiencies are common across exchanges. Larger platforms like Binance usually correct them quickly, while smaller exchanges often react only after significant market dislocations.
Among the team’s most successful trades were futures positions on Ethereum (ETH) and Bitcoin (BTC), particularly a long position in Ethereum that delivered strong returns during a broader market rally. The timing of the event, coinciding with improving market sentiment, supported the strategy’s success.
Thorough market research, disciplined preparation, and the ability to move quickly on emerging opportunities were key to placing first in the event.
Implications for Dopamine Investments
This achievement provides a valuable international benchmark for Dopamine Investments’ trading capabilities. Valuable insights and data from the competition have already been integrated into our broader strategy framework. The result further confirms our competitiveness and ability to identify opportunities in fast-moving market environments.
