I would if the prize is big but if it just to show who is the best trader among the participants, I don't think it gains such courage and motivation. It is unlikely that will have a huge impact on our trading career, possibly nothing change. Perhaps, we can challenge ourselves to improve without this stuff if we want to level up and become more profitable. What is important for us a traders, we are certain of our plan and continue finding strategies that really work. It is not necessary to go into competition so we have to enhance our capability but since we want to become successful, therefore, there is indeed a need to keep improving.
By all means, trading competition may possibly fuel our trading passion but it’s not necessarily that we have to go with it just to prove to others that we are good enough. We can always improve our trading performance and skills by continuous exposure in the market and by trading even at a small basis. What’s more important is that we are trading to harness our knowledge and skills, and with goals that will motivate us to go for it. Competition is a good one, but it can never guarantee successful trading. It’s within your own perspective and motivation that makes you a successful trader.