Topic: How to approach a trading competition?? (Read 856 times)

Bear market is very tricky and if you have never been there, you can fall this trap you just explained but are applicable to coins that are new in the market. There is no way you will buy Bitcoin in a bear market and someone that comes late to the party will make a reasonable profits than you, coins like Bitcoin has made recovery and has done a new all time high than any coin that existed in the entire crypto space, only altcoins are still struggling from their floor price.

The best way to avoid what you just explained is to buy coins that you know are capable of recovery no matter the sentiment of the marke, but and continue to do DCA with the rest of the price continuesly. Keep buying at every point in time the market continues to dump, you will reach a price where you will be average with the price and wait till the market recovery is done before money can be make back.

Having that confidence is a big deal, not everyone has the same confidence and sometimes you end up making a greater return and sometimes you don't and we shouldn't be really considering how much we know what we are doing and could be just trusting ourselves way too much, but that's still better than not trusting ourselves at all. The reality is that these competitions tests your limits, and sometimes you are good and you could make it and could earn something, sometimes you do not make that much profit and you end up losing because of it but you learn from it.

The more you learn from it, the better you will do and the more profit you will get, so do not consider losing as a bad thing. End up doing whatever you can as best as you can and you should be fine. Trusting yourself doesn't mean that you trust yourself to win, it means even if you lose, you will get something out of that competition, learn from your mistakes, get better for the next time.

On the moment that you've seen some competition and you do have that kind of confidence in regarding into the skills that you do have or the knowledge then you would really be considering out on joining
on some competition since you do have that kind of confidence that you could really be able to compete with other traders as well. Unlike when you are just starting up then you would really be having that kind of
hesitance in regarding into your trading skills on which its likely that you will be joining up with these things since you do really know on what you are really that dealing into. On the time or moment that you've seen yourself joining up then its impossible that you cant be able to tell the differences when it comes to skill specially if you have seen those profits gaps made out by other traders. Actually its not really that bad on joining up some competitions on which this could really be giving out that kind of training or enhancing yourself to become more even better. There are individuals who do really that treating up these things to be challenges
and not to getting up the prizes or rewards but rather they do really just that tending to go with the flow on what these competitions that really that trying out to give out.

Those two are really important traits of a trader but as humans it's hard to have patience and apply self-discipline when you see your positing gaining more green candles.

Some of such traders sell their positions by securing less profit, but if they can apply self-discipline, and have patience then they could literally make more profit by holding.

Easy to say but it would really be that so hard to do on which on the moment that you do deal up with trading specially on a market on which it is really that very volatile and unpredictable then there's no way that you could be able to handle it out on very easy way on which it will really be having those chances or tendency that you do really end up on having those kind of possibility that you might be ending up on losing that big time.
As for trading competions then it will really be that not easy yet we do know that the ones who are joining with these competitions are to those traders who do have some good skills on which they can be able to generate profits in a short span of time on which simply means that there's that difference when it comes to overall skills and knowledge.

Come to think of that even professional traders wont really be that able to avoid loses but what matter the most is on how you will really be able to handle up yourself into this unpredictable world of trading in crypto space. If you arent that good on handling your emotions then you will really be that prone into tons of mistakes and errors on which it will really be causing up that losing money.

Somehow it wont really be that bad on trying out to make yourself having that kind of perseverance on joining up this contest so that you will be able to enhance your skills even more
and you are really that being inspired to be trading up much more better because you do know that this will be beneficial for long term.

In conclusion - think and analyze first, and act second.
That way, the market will have fewer chances to punish you.

Because there is always a rally in the market that is getting stronger day by day, it has caused most traders to have a strong mentality in order to be able to continue to survive in the market with whatever trading capital they choose themselves. In futures all funds can be lost if they are hit by the liquidation price, while in spot every fund or asset that has been purchased can still remain if it has not been sold at a certain price or bought at a certain price. So in terms of choice and strategy, whatever it is, it is always up to yourself to determine it because it is also the first step that every trader must think about.

Yeah, risk management + the readability of the mood of the market are essential, though now we can all say that the rally for BTC dictates the market, we can never underestimate how things may go in the perspective.

It's either you win big or you go home here, so I totally agree - a competition, if a person wants a good place in it, is no joke to your depo.
Only with needed expertise, it should be entered with such an intent.

Yep, futures are a grave for many out there with such volatility going in.
Only with the money you are willing to spend, just like with the spot, you can enter a position, but I wouldn't risk it due to what's going to happen is pretty much uncertain besides the rally growing stronger day by day.

You cannot see the trading competition as small, you must see the trading competition as big. There are many competitors in trading competition you must trade with huge amount of money if you can trade with huge amount of money then you can expect to win the trading competition. Because the trading platform never remembers those who trade with small amount of money in trading competition remembers traders who can pay huge amount of money for trading. So you must participate in the trading competition by investing huge amount of money. But here I want to know from you are you ready to give huge amount of money, are you very experienced about trading? It is good if you are very experienced about trading and ready to invest huge amount of money.

I cannot come and demislead you or indicate your wrongly about trading for you to join trading competition you must know how acquire the knowledge of trading to at least 80% of the knowledge before you can join to participate in Trading competition because we have many people who take trading us their source of generating Revenue, but you as a beginner in Trading you have to understand as a threading is not all about competing with somebody but is all about on that standing the basic knowledge of trading because when you understand the basic knowledge of trading or basic concept of trading definitely you must achieve a greater height through trading

Seriously future trading is not for beginners, All I will tell you is that you should be careful. If you are not yet a professional trader, then it’s just better you avoid future trading, their is nothing bad in spot trading, you should just trade on spot. With the current bitcoin price movement, it’s going to be difficult to predict altcoin movement, and involving yourself in future trading currently comes with a very great risk. With bitcoin's current price, then I am sure with time, other altcoins will start following bitcoin price movement, so if you end up shorting any coin now, then things might not just end well.

Patience and self-discipline - two knight-traits for the traders to acquire in order to become the masters of the market, not a prey for it.
Indeed, if you control yourself - you control what you do and how you perceive the events unfolding on the market.

Only if you do think you have the needed expertise - you lean towards the competitions 
Especially regarding the details about them - always read the fine print, in fact, everywhere.

You are totally right - if you want to buy a coin for the future, you buy it at any price, having confidence that it will spike anyway, such as the case with BTC.
You either DCA your way out or buy in lumps, of course, with other coins, this is a more risky venture, however - it's better to have many coins in your portfolio with different potentials and metrics attached to them.

Yeah, sounds great - you do what sticks to you and suits you, which is - making your profit and bringing you joy in doing.
So to be good, you need to crave knowledge, markers to enter, and self-discipline in emotions and not only in them, but in your actions too.

Learning trading isnt a skill that you could really be able to easily obtain on which it will really be taking up that long time and tons of engagement and trading positions on which you will really be experiencing those trials and errors. Not all will really be that having that kind of open mindedness on which there are ones who do really be able to adjust accordingly and there are those people who do just easily quit up on the time that they do experience some hardship or tough situations. When you are really that dealing up with trading competition then this is something really that a good time or moment that you do make yourself that learn because you would really be challenged on trying out to achieve or hit up something, but somehow since you do know that you are less in experience and knowledge then you shouldnt be anticipating that you can be able to make out some
winning spot or in the top so that you wont be ending up on getting frustrated or would really be that disappointed. It is really that important that you do need to learn up and acquiring that sufficient and experience so that on the moment that you had build up yourself in terms of foundation about learning up trading then you will really be also that competitive on the time that there would really be other some competitions.
Although you cant be able to sure that you will be winning up the top spot but at least you do made up yourself that more better and better as years or time passing by.

I think it is necessary to learn the trend when trading.  Aside from basic to advance knowledge on trading strategy, it is also useful to know the emotion that is engulfing the market.  If we happen to master this kind of observation, it is easier for us to use the tools, and technical analysis since we can somehow get some hints whether the upcoming market trend is upward or downward.
It is said that it is best to mix technical and fundamental knowledge for a better result in terms of price movement prediction.  Regardless how tight the trading competition is learning to adopt and rightfully apply the knowledge we gathered gives us an advantage.

You can still buy a coin during the time of the bull market and make a better profits than those that bought during the bear market. Some people buy a coin during the bear market thinking that they have bought in the cheapest price but after buying, the coin can still drop more and it continues to fall until it gets a lucky break during the bull market and that was when another investors or trader buys the coins. The market is full of surprises and you can surprised at anytime. Trading competition are good because they can make you to improve from the way you use to trade before, some traders are afraid of taking more risk as they are always too careful of how much they want to use to trade and this makes them to not get plenty profits but just average.

Those peoples that we see make an competition about the trading are those who have already have much experience about the, but I wonder some people that they just started instead of them should be endure and lean in other to get a lot of experience about trading: Bit they will be after competition with those that have become experts.

When we come to trade we need to extra very careful, some of people’s will go and participate competition without having a proper knowledge of the trading or knowing their own market strategies, but if a person is lack of knowledge about the markets it will never succeed in trading.

Hahaha, it was a joyful moment for you winning BNB. Well, buddy, the trading competition is easy and tough at the same time, and your preparation depends on the opposing team, how skilled and experienced they are and their preparation for the competition. I can simply say that you should make your own strategy before entering the competition, but yes, you have to read the terms and conditions before you enter to the market. it's very important because they set the criteria for winning. The third point is risk management and the use of stop-loss to prevent excessive losses. Next, you should communicate with your team members and other participants in the competition arena, which will provide you with knowledge about different strategies and the market. These are some essential things that are important to consider in a trading competition.

And when you learn to acquire the knowledge of the movement in the market, it will help you to succeed among the competitors in the market because you have the experience of the market which it will lead you to the season to trade your coins to make a good profit other people are making from trading. It depend the price you bought your coins in the market, because if you buy your coins in a high price and you sell the coins in the bull run, it will not help you to make plenty profits like those that bought their coins in the bear run and sell in the bull run.

This long hodling before trading, is very hard for some newbies to achieve to improve in any competition trading because they feel is a waste of time for them, than to trade without considering the price of the market at the moment, which it will not help them to earn a good profit with other traders in the competition.

The best approach is to learn the movements of the market well and then participate in any competition. If the market is going up and it reached high peaks then surely it will have some correction and in correction shorting works like a charm but if market is dumped and bull run is still there then there'e chance the market may go up again and in such times it's better to open long positions to earn profits.

Because if you force yourself, the tendency is to push yourself even if you know the risk is higher. Hence, losing is inevitable in this process. Better do what you usually do, and execute your trade as usual. In that manner, you will apply what you have been learning in your trading journey.
Trading contest for sure will give you good opportunity to earn, however, there are some drawbacks as you need to really  make sure you have your funds in place. Don't rely that afterwards, you will gain from it because not every trader can earn profits. Let alone, win from this contest.

I agree with your approach as people need to know risk of joining trading contest. If they force themselves to trade abnormally than what they usually do with their trading activities, they will self derail from their good track to bad one.

Forcing themselves to trade more, will possibly lead to discipline break that can be start of their losses from trading and even nightmare for their trading capital too. Appearing in top of leaderboard in trading contest never should be their only goal to reach, because a most important goal of any trader is "Defend and protect their initial trading capital as most safest as possible."

If we take the DEEP project team, for example, then I can say for sure that similar contests were held on other exchanges. But the conditions there were different. In particular, to participate in the trading competition, I used the Mexx exchange to trade derivatives of the DEEP token.

i really like the fact that these exchange just decided to make a trading competition on a newly listed coin which are still in the phase of volatility, it's just feels great when I trade on these volatile coin and I also received reward at the end of the event.

definitely a better event compared to back then where the only thing that matters is just trading volume and only whales could do that.

with these volatile coins, the whale are hesitant to make trade so it gives us the smaller shrimp a chance to actually earn something from the competition.
I've seen other events as well and usually it's always the new coins, I wonder if it's also partly coming from the project itself giving special allocation for the exchanges.

This is how i do things when it comes to any competition on which its not really that bad on thriving to go with the top spot be it will be always better that you should really be that making yourself not to be able to expect on winning up the competition. Why? if you will really be having this kind of mindset then it will really be just that making you distract on what you would gonna do because you've been thinking up that others will really be making up their trading too fast in terms of profitability.

It is really that recommended that you should be doing on what you've been getting used to and do your very best on trying out to make good trades. If you do saw that you are making up such progress then its good
and keep contiuing because we do know that once you do see such progress then there's always that chance that you might be ending up on going into that leaderboard but just like been said that you shouldnt be that expecting too much because there would be always those traders who are really that far more better than you and thats why you shouldnt be anticipating that you could beat them up so that you wont really be ending up on getting disappointed on the time or moment that you would be dealing up with any competition. The bad thing or wrong steps or behavior for most who do join up with competition is that they've been expecting too much that they could make it but in the end of the line it will really be that making or giving that frustration just because you hadnt been able to make it and thats why you will really be not trying to join up with those future competitions.

When participating in a trading contest, you do not have to set such a goal as getting on the leaderboard. Keep trading, just like you always do. And if as a result of such trading you additionally receive any prize for participating in a trading contest, then this will be an additional bonus for you.

If you are disciplined enough in trading and can make money, why should you join a trading competition? because in my opinion you will experience double pressure, first you have to make money and second you have to try to be on the leaderboards, but if you really want to join then what you have to do is read every trading rule carefully and also prepare capital because this requires large capital, and if the prize is in the form of a new altcoin it is very risky the price can drop quickly so if you succeed in getting a prize it would be better to immediately convert to Bitcoin.

Sounds nice.
You did well, and thanks for the tip! Much appreciated.

Yes, there are especially many such trading contests on the Bybit exchange - https://www.bybit.com/en/trade/spot/token-splash Now the DEEP/USDT trading contest is coming to an end and I decided to take part in it. I have completed a trade turnover that exceeds 27 thousand dollars, for which I will have to receive approximately : 4,4k DEEP, which at the current exchange rate is equal to $270. Since there are still 2 days left before the end of the competition, I think I can increase my reward.

Therefore, apart from registering alone, you also take time to read the rules (which are important) even though we are sure that the rules are still the same because we might be wrong with our assumptions and that will be the reason for our disqualification. It is seems you are an experienced trader already. That's great but for those who aren't yet and are excited to join their first competition, pretty sure they will also do a practice.

As you said, there are also trading contests that focus only on a few pair of coins. One of these coins must be new and it was like they are only promoting it. The rewards in the contest can also be sponsored by them (dev/team of the coin).

This is it. Do not panic even if knowing that it is a trading competition, you have to compete with others that are also aiming for the prize money. You just go ahead and chill and if it's a contest that doesn't have a buy in or any amount that you have to pay to get in, you focus on your trades because that's your entry fee to make it. Having a mixed emotion is hard and not everyone that joins there are for the money to be honest. You'd see a lot of other aspiring traders there as well that just try to gain more experience and prove themselves to be a good one. So, don't panic, get focused and learn as much as you can because even if you're not the best there but you're able to learn more and gained experience, you're already a winner to yourself.

There's only two possible reasons on why people would be joining up on a competition;
Mainly about making or earning money, or they would really be loving to join up competitions and proving out their skills or worth.

How to approach on a trading competition then it would really be just that simply be sticking into your own plans and trying out to do it just like an ordinary day.
If you would really be that keeping into your mind that you are in a competition then this is something that will really be making you distracted. When you are joining up on a competition then
make yourself on each trade to be efficient as possible or making those plans to be on work.

Just dont simply panic or will really be doing things in a rush because this is where you would really be that ending up on having those stirred up kind of mind or emotions
on which this will really be the main reason on disruptting you on doing trades efficiently. So better be wary about these things so that you do able to avoid it out
as much as you could and trade up well just like you get used to.

And this must be the main reason on why we want to join a trading competition but I do not know, maybe for some, their main reason is to test their skills if they are still starting and to know if they have already improved a lot. For those who are not new in trading anymore, this was like a test to tell if they still got it. Rewards are only like a bonus for them and it might not really matter if in case they did not win or if it turns out that the competition is bogus. Apart from time, you also said resources and this could mean money, right? But that was true because many trading competitions I see are not free. The rush on these types of competitions are even higher and are more rewarding once we win on them.

When I participate in a trading contest, I do not take any additional actions other than registration. I just keep trading, as I do every day, except in cases where the terms of the competition require trading certain pairs of coins.

The rewards involve is indeed important if you want to push thru your participation in any trading competition. Because you need to assess if it is worth your time and resources. Because when you talk about trading volume, aside from the initial funds, you need your skills and time dedicated to this event. Otherwise, don't join half-heartedly as you will only waste your effort on this.

You can assess yourself if you are really prepared for this by asking yourself -
> do you have the initial funds for this - ready to dispose in case of losses?
> do you have the knowledge about the coins you are trading with?
> do you have the time and patience to do your trading activities, beyond what you planned of?
> do you have the minimum skills to execute a trade?
> are you emotionally prepared for whatever the outcome will be on this activity?

Big or small then it wont really be that much of a concern, the positive thing on joining up with competitions is that you do make yourself that put up in a challenge on which we know that if you are really that in a competition then you would really be having that kind of feeling of being motivated because you are really that aiming on trying out to be the best. Somehow if you are really that joining on something then it cant really be denied that you would really be coming after for the prize pool or whatever the benefit that you could get into.I've been able to join up some competitions but i do find that there are really that tons of traders who are really that far better than me, but i dont see this to be that a discouragement but rather it do really make it as an inspiration to do better or something which is far more that on what you could actually do now.
If you are someone who do really get easily frustrate or disappoints when you do lose into other people then joining up competitions isnt for you but if you are really that wanting to have that kind of improvement
then its not really that bad on having this kind of consideration on doing things.

Anytime you see a trading competition, the first thing you need to check is the reward if it's big or it's small because you will only burn your time to increase trading volume only to be given a chicken change woryth of reward. If the reward is a big one, you may have a good share even though people are much and whales comes into play but don't forget to maximize your profits while trading, don't make losses thinking the reward is enough to compensate your loss.

Make sure that you have trading experience before you start it in the first place, you will only make losses because the whales know the boundaries of upper limit and lower limit of price they can use to make their profits and minimize losses but you that don't have the experience, you will only be falling into their traps of price manipulation and it wouldn't be good to be honest, so prioritize experience before you venture into any competition with whales.

Since you are not a beginner in trading, you do not need additional skills to participate in trader competitions. A lot of such free contests with a large prize fund are held by the Bybit exchange and to participate in the competition, it is enough only to register on the exchange.

Trading competition right now don't really feel like a competition, most of exchanges just offered pooled reward with minimum trading volume to be eligible and that's it, so I don't think we really need to raises 24h trading volume with that much amount of money, even leveraged trade will be sufficient.
It's just that, most of trading competition just feels like a waste of time, since reward is pooled anyway, we probably just gonna get pennies out of these event, I just never participated into these competition anymore, because the centralized exchange have ulterior motive of attracting new users and don't really reward based on performance.

Approaching a trading competition requires strategy, preparation, and discipline. Here’s a step-by-step guide to give you the best chance of success:

### 1.   Understand the Rules 
   -   Read the Competition Guidelines  : Each competition has specific rules, such as the duration, initial capital, assets you can trade, and trading restrictions (e.g., leverage limits).
   -   Scoring Metrics  : Know whether winners are decided by percentage gains, absolute profit, or risk-adjusted returns (like Sharpe ratio).

### 2.   Define Your Strategy 
   -   Risk Management  : Avoid risking too much capital on a single trade. A common rule is to risk only 1-2% of your capital per trade.
   -   Choose a Trading Style  : Decide whether you’ll day trade, swing trade, or combine both. Day trading may be necessary in short competitions, while longer ones might allow for swing or position trades.
   -   Leverage  : If the competition allows leverage, use it wisely. Higher leverage increases both potential profits and risk of large losses.

### 3.   Select the Right Assets 
   -   Focus on High Volatility  : To maximize gains in a short time, consider assets with high volatility, like small-cap stocks or altcoins in a crypto competition.
   -   Liquidity Considerations  : Ensure the assets you trade have high enough liquidity to enter and exit positions without slippage.

### 4.   Practice Beforehand 
   -   Simulated Trading  : If possible, practice using demo accounts before the competition begins to test your strategies in real market conditions.
   -   Backtesting  : Backtest your strategies on historical data to identify how well they perform under different market conditions.

### 5.   Stay Disciplined 
   -   Stick to Your Plan  : Once the competition starts, avoid emotional trading. Stick to your strategy and adjust only when there’s a strong rationale, not based on fear or greed.
   -   Don’t Chase Losses  : If you lose money, avoid over-leveraging or making hasty trades to recover. This often leads to bigger losses.

### 6.   Track Your Performance 
   -   Monitor Regularly  : Keep an eye on your profit and loss (P&L), position sizes, and the leaderboard (if available). Tracking performance helps you adjust strategies when needed.
   -   Analyze Your Trades  : After each trade, reflect on what worked and what didn’t. Continuous improvement is key.

### 7.   Be Aware of Market News 
   -   Stay Informed  : Economic reports, earnings announcements, and news events can significantly impact prices. React to news quickly, but avoid trading solely based on speculation.

### 8.   Risk-Taking for Competitive Edge 
   -   Calculated Aggression  : If you fall behind in rankings, taking some calculated risks toward the end of the competition may help you catch up. This could involve increasing position sizes or leveraging more.

### 9. Psychological Preparation
   -Stay Calm: Trading competitions can be intense. Maintaining emotional balance, especially during volatile periods, is crucial to making rational decisions.
   -Accept the Outcome: Focus on following your process rather than obsessing over winning. Results will follow if your strategy is sound.

### 10. Learn from Other Participants
   - Analyze the Winners: After the competition, study the winning strategies and see what you can incorporate into your own approach.

### Summary of Key Factors:
   - Risk Management: Balance risk and reward.
   - Market Focus: Trade high-volatility assets.
   - Disciplined Execution: Stick to your plan and avoid emotional decisions.
   -Aggression in the Final Phase: Consider calculated risks toward the end of the competition if needed.

By following these steps, you’ll maximize your chances of performing well in a trading competition, no matter the market.

If you have deep pockets then you could trade as much as you want and if you know what you are doing then you could make some money. But, people with not that much money will end up losing money and not making that much, so we shouldn't really be worried about it, I think it wouldn't be fair and it would not give you any good results neither.

I personally believe that we should be looking into this getting a greater result, and because of that ı think we shouldn't really be focusing on getting any different profit then what we can on a trading run. Just make sure that you work within your budget and if you try to get out of that then you are going to end up with a lot of loss and won't be helping you at all in the end neither.

To be more profitable by trading you must analyze the market. Because only through market analysis you can achieve a lot in this regard. One more thing about trading is that you can never be in a hurry and you have to make a deliberate decision. Many people find that while they gain early in the trade, they become overconfident which causes them losses at the end of the day.  So you must be strategic and wait for the right time. When you trade you must start trading with a plan and you must start this plan in advance.

I have some experienced in trading competition although it's happen in the recent like in this month, i participated in DOGS coin trading competition in the bybit exchange, but here a requirement was like minimum 500$ worth of trading and more trading volume will give more coins, i will suggest don't start trade with big amount, because if which coin is huge dump then you can not recover it easily.

Trading competition is not suggested for those who are not excellent in trade because he might cause them to lose all of their funds. It is better to trade on your own and learn without competing with others. Trading is a risky activity that can cause you to lose control and overstake in order to increase profits. If you are a professional and believe in yourself, you can participate and potentially profit, but it is a high risk that can result in both wins and losses.

Trading on your own is preferable because you will have a better understanding of the market and can find mentors who can assist you when you don't understand something so that he can guide you through and gradually increase your profits until you are perfect and confident in yourself that you can do anything and be profitable. So, in my opinion, I prefer to trade my own without competing with anyone, just focus on yourself because if you are looking for people trade, you will be worried about why they are getting more than you and you don't know what challenges they face before they are perfect and be making huge profits. is not about competition is all about patient and learning and developing your self on it.

If you want my candid advise, I will suggest you stay away from trading competitions because it turns you into a reckless trader. In trading competitions, you will definitely over leverage and most times get margin call. The few times you will be lucky to win such over leveraged trades, you will start feeling like a champion and will be tempted to apply this in your personal account and you will get hurt in the end. If you want to go far in trading, manage your capital even though it may be small, you can compound and grow gradually.

Most trading competitions held by major exchanges rank users by the size of their total trades. If that is the case in a competition you are willing to join, you should see if you have good enough capital to compete with other users because only being profitable wouldn't help in that case. However, if the users in a competition are ranked based on their profitability which means that whoever has been more profitable in the week or month will rank higher, then you can have a chance no matter how much your capital is.

This is one of the most basic things you need to look for when you are joining a trading competition. Other than that, you surely need to see how good you are with the market and whether you are getting profits constantly or not because constant profits are the key to winning such competition.

Some platforms would rank users itself in weekly or monthly competitions based on their trading activities if they are doing good.

Most of the competitions are based on the trading volume of the user. So be aware of the exchange fees. The fees that you will be paying each trade might kill any small profits you are making. Sometimes you might end up paying more in fees than you could win even if you are in the top of the leaderboard. The competitions are actually useful for high volume traders as those rewards help them minimize the fees spent on each trade. If you still want to join the trading competitions, be careful with coins that are extremely volatile as they can mess you up real quick without you even noticing. You might end up making loss that even the top prizes cant cover.

Sometimes there are people fall by having wrong expectation on their trades and they only think about consistency is important for them to win always on their trade. But in terms of there's competition involve those who have huge volume most likely have huge chance to win.

And if they only trade small amounts or can't afford to become a whale then they should focus to  create more better trading decision and much better for them not to spend time on something that not necessary for them to pay attention. I usually dispose immediately once I already see or get a good profit already and never plan to hold altcoins since for me its super risky to decide to do that. But in bitcoin its different story since what I did to this coin is to hodl it for long term.

You can only win on trading competition if you huge volume of capital since most of the contest mechanics revolves only on trading volume as main criteria to determine winners. There’s a lot whales that compete with tournaments that has million of dollar capital which is impossible to beat as regular trader regardless of your strategy.

My strategy before when I’m still active on trading is to buy and sell quickly a less volatile token using high leverage to amass volume quickly with minimal losses.

But now you can use the exchange bot to do grid trading for you.

You are saying that luck is more needed? But I think it was actually the skills and strategies are the two's that are needed the most and luck should only play a minor role here. Feeling lucky can only be a feeling and it does not mean that we are really lucky when we are now trading. Also, if we are not feeling lucky we must still try our luck but like I said earlier, trading must mostly rely on skills and strategies, so if we believe that we have them at a better level we must not have an excuse to not do it.

Trading is fast-paced and if patience can matter here, that will only be to continue trying until we are now back on the greens again because some days we can also be a loser. Like it or not, we need to take risks because this is the only way to profit and how can we know if we are now good in trading or lucky if we don't try?

But if we keep on making the same lose result, we may need to pause for a while and analyse if where we have gone wrong and what can we do in order to improve it. Before leverage trading, it must be the normal way of trading or also called as spot trading first. So, if we are not good at leverage or we jump on it quickly, we actually need to downgrade for a while and not leverage evenly.

When you are knowledgeable about the trading competition and you are capable to use any amount of money to trade in the trading competition, I believe you will be recognize among other traders in that competition because the amount of money you are using will make them to recognize you in the competition. Don't forget to go with faith in that competition, because once you conclude in your mind that you will be successful in that trading competition which is faith, you will surely become successful with your skills and knowledge you are going to apply in the competition.
And, it can also make you to lose what you have made before because the trading competition required knowledge which you must have before thinking of joining the competition, because what you are going to see in that competition is what you have experienced or experience from other traders in the past that will make you to earn reasonable profit.

He is wearing casino sigs. That's why he thinks that trading is based on luck. If you have a lack of knowledge about trading, all positions and decisions you make are purely based on luck.

You can study technical analysis and test your skills on Tradingview for free with Paper money do it consistently and you should notice something how the price reacts sample in support and resistance or in order block/fair value gap if you study technical analysis I'm sure you will notice them and you will get some idea where to place a position.

Look at those real traders who join the competition and become the top traders. Do you think it's all based on luck that is why they got the top rank?

Most likely those are the goals of joining in a trading competition. But more than that, it also creates a challenge on us whether we can be extra good and reliable trader, and not just good enough not to consistently lose at all.

I think the best approach towards a trading competition is through your self-confidence that despite of uncertain future market direction, you will still be able to manage or even redirect your trade so you won't end up seeing your trade going wrong and cause you instant losses. Be a wise and smart trader, not just a knowledgeable one.

You guys have been really helpful here. Gotten lots of insights.

Experience will tell it all. If you have a wide experience trading in the market and has been a trader from scratch and is already making trading developments by now, I guess you don’t have to worry a lot if you participate in a trading competition. Your knowledge, skills, strategies and your overall confidence will be your asset in trading that will make you gain an edge over other traders.

However, if you are still learning the process of trading and yet you are eager to participate in trading competition, that creates higher risk and pressure on your part. Prioritize first your market exposure and trading experience. When you have achieved that already, good results will eventually follow when you trade.

The only tip is to prepare a big big big capital amount haha and a good risk management strategy, as it won't be surprising that you are competing in a $20k to $30k trading competition on any platform with $ Million capital and the pair you were trading due to its volatility you lost $50k and got tricked by marketing strategy as exit liquidity by the team.

Aslo this is one of the most covered topics I can mention a few below as I've bookmarked them at that time.

https://ninjastic.space/topic/5501165
Has Trading Competitions competitions led you to challenge your skills?
Why Not A Crypto Trading Tournament Like Having FIFA eWorld Cup
What is KCGI?

Trading competitions are awesome, especially if you are a top-ranked trader. First, I think you need to see what parameter you are going to compete for. Is it going to be ROI, volume, quantity of trades, etc.? If you are capable of making high-frequency trades, I think you could be one of the top performers in that competition.

You need to look for easy access and an exchange on which you have an account, and with that, I think it could already be possible.

Best approach? Stick into your own trading style and dont get pressured specially when you are on a trading competition yet this would be still mostly goes after on how profitable you are or the volume that you do generate out. It will really be basing up on the mechanics on which it would really be something casual or talks about profits you had made. Dont get stressed out or make yourself that desperate because on the time or moment
that you are chasing up something then it will really be disrupting you to make good trades. Just do on the things that you do or getting used to and you would be able to see that you are doing just fine.
Just accept that there would really be that better traders out there which is normal, if you are doing something great then you would be placing yourself on the top as simple as that. When joining up competitions then
just do your best and accept on whatever the outcome it would be. In competition then there would really be those winners and there would be those losers on which it is really just that part of it.
Thing here is that you shouldnt really be losing up your cool on the time or moment that you do find yourself on such condition.

I didn't participate any trading competitions at all because the goal of it is the highest win rate and profit right, I have my own pace of trading so I don't need to get bothered with the others people makes a huge amount of earning than me well there's particular reward with the winner but I'm just a small time and casual trader seeking small amount of gains with the market volatility. I guess ideal is to explore more learnings so you can use those tools in different situation when you make a trade.

More than trading skills and strategies, trading itself also requires luck. So if you are going in a trading competition, make sure you are feeling lucky because that will help you to make those trades turn favor on you. And also, you need to be more patient on the market, if not, the risk to lose will increase its chances due to wrong decision making. And lastly, if you can’t be good in leverage trading, then at least leverage yourself in trading. That way, you will gain more possibilities in maximizing your profits as well as lessening your trading losses.

You should derived a means that will make you to have limitations of losses and increase your chances of profit, so you can derived it through adequate research and also examine yourself for that, because what trading needs is a way that you can make your profit and observe how to overcome losses..because once you control yourself in getting much losses  in trading methods and derived a means to be making profits instead of involving in much losses I think will make you to be strong in trading.

Finding the right crypto trading platform with less demanding event eligibility criteria often stands out top for me. Next is to get familiar with the trading eligibility instructions and get ready to meet the requirements. Recently I found futures elite trader's events announced by Bitget. First thing, I looked up their requirements to see if It's something I can meet up with.

These seems to be an issue for traders. Why don't they get profits even been good. As for trading competitions someone suggested one on Bitget. I checked the volume requirements it doesn't need much.   I'm seriously considering giving it a try✅

I do all these im just impatient. Any books you can recommend that'll aid my trading psychology?

They are too greedy to chase the better position and not thinks with calm to analyze the market situation. That makes them in a wrong way because they make a wrong analysis which can lead them to lost their money and that means they lose their chance to lift their rank. Indeed it is exciting to participates in the trading events but you must know how good your skill in trading and remember that many people will have better skills than you. If you don't mind to trade based on your skills and you participate in that trading events because you want to get more experience, that will be good for you because you can see the competition between each trader. We must know how to manage the risks of losing money in trading so we need to learn more about trading.

My experience has been an interesting one because it challenges me to go out of my comfort zone and try to take more risks by increasing my trading capital but I still don't over exceed my risk tolerance. My regrets with trading competition is that I didn't trade everyday the last time I participated in one. Trading almost everyday increase the profits that you're going to be making and it puts you among the top earners. Already you have to be very experienced with trading before going to join a competition. For people that don't have any experience, they don't have to join the competition but if you already are a trader that is confident of having successful trade, you can join and try you luck to see if you can be among the lucky winners. Trading competition aren't for low budget traders and those not use to lots of risk, you have to risk more money than when you're trading for your own gains.

It is mission for all traders and what they all want to achieve but the reality is most of traders don't get profit and don't achieve these things.

Because of a fact that most of traders get loss, if they don't belong to very minority of traders who can get profit from trading, and they can not get profit in normal trading - not in trading competitions, it's supposed that they won't get better results in trading competitions when pressure is bigger than in normal tradings. It means that with most of traders, joining in trading competitions means risk of losing more money.

Trading competitions are for very professional traders, so if you're not such a pro in trading, don't join it.

I don't think there's anything different about it from regular trading other than the additional stakes as a competition so if you're already a pretty good trader, there's nothing much for you to do really.

Ofc it may vary based on the way the competiton is making you guys compete with but jus stick to what you know and you'd be fine. Even if you lose the competition itself you should only lose ny failing to maximize profits. Minimizing losses shluld always be the bare minimum.

The only new factor here I reckon is time abd money involved since you're definitely going to need to trade a lot more than usual.

This is true, a lot of people think that there are answers which fit the questions directly and not realize that each question could have different answers depending on the person and the situation they are in. This is why most questions about trading and investment stay afloat and they can't really do anything about it, we need to focus on getting better results and we need to do a lot better. I know that it's hard and not be done at all but we are going to deal with something that is getting a great deal of attention towards yourself and your situation when thinking about these questions.

What could be easy for me could be hard for you and what could be easy for you could be hard for me and that's the most important part. I believe that the best thing to do right now would be just focusing on how to make more money with whatever we have, so it can't be really dealing with getting greater results if we focus on personal situation without a much deal.

Yes, this week has been good for me and so does the last week. I've made some profits, not a lot but at least 1%-2% in most of my trades.

I'm not doing any kind of shorting these days as the market has been bearish in past few days but now it seems like a good time for me to open some short positions.

I used to avoid trading competitions because they weren't giving me enough rewards for my time but recently I have made some profits by participating in some trading competitions.

I guess, this week I may have some better profits by shorting and averaging my positions. Let's see what happens, and how the market reacts.

Good to hear that from you OP,  because it is our joy to see other traders making profits from their short term trading, to me my new week is going well because i made some profits from the coins I traded yesterday and i will still like to buy more of those coins when their price dump again.

You want to prepare for a bigger profit right ? I will advise you to make use of long term trading and you will get what you want in trading, because all those coins you are trading  use to bring big profit when the massive bull  run occur but you have to make use of long term trading to accumulate profits from the industry. Bull season is the best to approach the market because the price of many coins will be pumping higher for traders to turn to expert in profit making in the industry.

If you are already a good trader, there will not be any need for any extra preparation for a trading competition, as you would already be prepared. An expert trader will not feel too tensed up about a trading competition; there will be a level of confidence that they have in the trading skills that they have. New traders who are still learning to trade and are still finding their way around the rudiments have no business involving themselves in trading competitions because such competitions can pull them under pressure, after which they end up failing and then creating the mindset that maybe trading is not for them or they are not destined to be successful traders, forgetting that their outcome is because they took action without proper preparation.

How experience are you in trading?

How well can you tolerate risk? And are you ready for the outcome?

Your answer to questions above determine how prepared you are. Participating in trading competition is not for amateur traders nor for low risk takers. Some of your fellow competitors have been in the field for long and are well experienced yet ready to risk since they're already living in profits. The organizers are interested in how much you are willing to risk. If you can risk it, you can join to at least have the experience as first timer.


This is where many competitors got it wrong in most cases. When you are to focus to overtake and move your position, you are likely to make a wrong analysis that'll end you up falling down on the list. It is fun to participate but it is not advisable considering the risk involved.

You should prepare yourself to handle your emotions because participating in the trading competitions will makes you becomes up and down especially when you see your position. You will want to trade without stop to chase a better position and can lose your control managing your money. The best approach is when you can analyze the market will calmly and not in rush to enter the market without preparation. Besides that, you must know how to analyze better so you will make a profit and manage your lose not to become bigger.

When you can lift up your ranks, it is better to keep calm and not too happy because that can make you underestimate other traders and will make you a wrong analysis. Stay focus to your trade and not think about lifting your position because if you do better trade, your position will be up.

After you join a trading competition, know that the trading site will not recognize you if you do not trade with huge amount of money. They only prefer to know those that are trading with huge amount of money. Also you will need to earn money from the coin of the competition than losing from it. Not much requirements to join the competition than to press on something like 'join' when the exchange that you are using send you the message to join. If you are not on the exchange, you will see a link to register an account on the exchange and then join the competition.

Minimize losses, and maximize profits. The way you can achieve it is by having good risk management, for example, good risk: reward ratio.
Since it is a trading competition, expect there are a lot of other traders better than you, so don't get too comfortable.
Respect the market, avoid chasing losses and have patience - this is the most important too.

In trading you must have a strategy and experience will teach you how one should trade properly.
In trading you are not competing with anyone but trying to see the potential of the strategy in the trade you make so that the trade will have a positive effect to run.
If you want to succeed in trading then what must be done is knowing how and not being greedy to make a lot of profit. Trading does not guarantee consistent profits because there are times when you will also face losses even though the strategy is correct.

Improve your trading skills and practice by using small capital first and when your trading experience becomes better then trade with a slightly larger amount.
Knowledge and experience are important in trading because we will have an idea when we are involved in it with any conditions.

I don’t think there’s basically anything you need to add if at all your good in taking your own trades, first thing I will advice you is to check the criteria or basis in which the competition will use to determine the results, some of the competitions I have witnessed mostly use the trading volume while other use the number or winning trades, the former is mostly the common although i don’t fancy those ones because mostly they are mostly won by those who have high capital. Volume to me is never a good way to rate a good trader.

As for technique I will say you should stick your trading plan and technical skills, the only problem might be you need to trade more for that period, so if you’re maybe a swing trader then it is another task to switch to a daily trading

Hey traders, hope your week is off to a good start! Mine’s been profitable because I'm currently shorting BNB, haha. But that's not why I'm here. I’d love to hear about your experiences participating in trading competitions and get some tips.

What should I look out for, how should I prepare, and what’s the best approach? All suggestions are welcome!