I participated in my first trading competition back in 2021, and it was an incredible experience! It was a team competition, and I was privileged to be among a talented group of traders. Although we didn't emerge victorious, I seized the opportunity to enhance my skills and learned a great deal.
I still recall frequently revisiting the live feed on YouTube to analyze and improve my strategy. The competition had a profound impact on me, and I emerged a better trader. What are your thoughts on trading competitions? If you're aware of any upcoming competitions, I'd love to hear about them!
I am not really a fan about those competitions if I am honest, and this is because I think that a trader should only make a move once the market is moving as predicted.
Trading competitions force people to overtrade with the hopes of beating their competitors, and this teaches bad habits to traders as they are always looking for an excuse to join the action, so once the competition is over, it is likely this attitude will become prevalent for a time, which is precisely what exchanges want since they earn more money the more trades you actually do.