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