Post
Topic
Board Trading Discussion
Re: Staying Active in the Market
by
hd49728
on 16/09/2025, 15:21:47 UTC
Been killing it with these kinda competitions lately though.. rn I'm focusing on this.

These events enables me to keep up with the market, test new strategies and have fun in the process!.

These awards look impressive, but not everyone will be able to receive them, but only those who make a large trading volume as part of the promotion and get into the TOP 1000. And if you decide to participate in this tournament for the sake of a reward, then be prepared for the fact that you will lose part of your deposit as a result of trading and commissions.
Your point is true as it's a very competitive tournament and trading is risky already but by joining such trading tournaments, you are escalating risk to a higher level. It does not worth at all if you are not millionaire and let's say if you are a millionaire in cryptocurrency, is it worth to join it for some or hundreds BGB?

Rather than taking too high risk, I would like to wait patiently and only open trading positions when I feel the market is good, and risk / reward ratio is safe for my potentially open position. If I can trade well and get $50 or $100 in profit, it's good enough for me in each trading round and I can repeat it many times to get more profit. I feel it is safer than joining such a trading tournament that is not for traders with small trading capital.