Quote from: Zoomic on November 24, 2024, 04:17:38 PM

Quote from: Gladitorcomeback on November 22, 2024, 11:07:32 AM

Quote from: justdimin on November 20, 2024, 07:21:42 PM

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.

You are right, and when it comes to trading, when you win, you gain profits. When you lose, you gain experience and knowledge because every wrong decision makes you learn one wrong way of doing that, so losing might be bad for your finances. Still, it is suitable for your knowledge and experience.

Joining trading competitions can actually help one learn some new strategies and gain some experiences, but it is not just the right way to learn more about trading. Anyone wishing to join a trading competition must have equipped themselves with with the basic knowledge about trading because inexperienced and unskilled traders stand the chance of making mistakes that will make them lose money and lose the competition too.

For newbies, it is important that they prepare very well before joining a competition. Poor preparation might lead to frustration and impulsive decisions, making them learn more after some silly mistakes.

Learning experience is the key on which dont make yourself that anticipate that you can win up the competition specially when you are just new or starting up. There's always those who are far more better than you on which simply means that winning up the competition will really be that tough for you but it doesnt mean that you wont really be participating with these competitions.

This will really be adding up on your learning curve and will really be able to be helpful on your trading on which on the moment that you do know on how things works and keeps on learning on everything new
by joining up these competitions then just continue on doing it until the moment comes that you do get in line with those old and good traders out there. Just take it slow and dont
rush up yourself to be profitable because this is where mistakes do usually happen.