I’ve always heard complaints about exchange trading comps — unfair rules, bots dominating, or hidden conditions. Decided to test it myself.
Joined a small trading challenge 3 months ago and ended up winning $100. Tried again later and won $250. Not life-changing, but encouraging enough.
From this little experience, I picked up 3 lessons:
1. Don’t judge until you’ve actually tried.
2. Some comps do provide a fairer playing field.
3. Pick competitions that match your category and strength.
Curiousto know if anyone else here had similar or opposite experiences with trading comps?
Where do you join these trading contests and it was free to join? Well it's really encouraging but never have any wins before with trading probably just a skill issue of mine and was impulsive of a trader I guess. Not that I can still remember it but most of the time I was with it, probably bots dominate or there was a team that probably has good traders. I think it was easy to say you need to try but in reality the difficulty comes mid way.
It's not about just jumping into a trading contest because it sounds exciting, one must first know and digest the risks involved and bear in mind that the mindset and strategy here, is different than one would need for managing a real world investment portfolio.
If you can get into form by mastering the discipline to adhere strictly to an aggressive return-seeking model, then also how to manage your portfolio while analyzing top performances by others and how to interpret and use signals to leverage your stand, then you know you have done the work that would qualify you to join any of these trading competitions, otherwise please stick to mastering trading for regular returns.
Currently, there are both broker hosted demo contests, real money & futures championships and proprietary firms challenges ongoing. Learn the risk management involved and register accordingly.