The market’s been a bit more active lately, so I’ve been doing some light spot trading ,just staying consistent and watching for small gains where possible.
I saw that Phase 2 of the Trading Club Championship recently ended, and a few traders shared they earned around 50 BGB in rewards just by trading daily. I missed that round, but since Phase 3 just started, I decided to join in and see how it goes.
No extra effort really ,it counts your regular spot trades. If there’s a chance to earn something extra while doing what I normally do, I don’t mind giving it a shot.
Anyone else looking into this phase, or sitting it out for now?
The most important thing is that our mentality isn't affected by the contest we're participating in. Trading while participating in a contest can often trigger excessive emotions if we're not used to it. However, if you can still trade normally, as if you weren't participating in a contest, that's perfectly fine and can even yield double benefits. First, you profit from your trading results. Second, you have the potential to win prizes from the contest you participate in. So, there's no harm in doing so. In fact, it's a pretty good option.
Personally, I trade quite sparingly during the week. Or, you could say, I don't trade every day. Therefore, I rarely participate in trading contests or similar events, even though I sometimes know they're ongoing.