Quote from: Huppercase on Today at 01:22:40 PM

Quote from: Iamcrypticguy on September 16, 2024, 09:32:34 PM

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!

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.

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.