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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?

If you trade normal and not let the contest affect your decision, it is good.

But I noticed in most contests, you have to get to a trading volume before you can be qualified. Do not let that affect your trading plan at all which is the decision that I am taking about. Some people may because of that increase their leverage and get their money liquidated.

As for me I do not trade to compete.

Sitting it out because I don't trade based on contest, I trade based on my own timing and I always not in hurry.

I always see forced trading as the worst trading you could ever do, probably just gonna ended up losing anyway, Might as well be patience. Even if there's ongoing contest I won't do that. I'm not even sure If I'm gonna get the share of the rewards as those usually reserved for either new comers to grow their user base or whales.

If you do it like you usually trade, it may not be a problem. But most of those who participate in trading contests focus on chasing qualifications to claim contest prizes. There is an effort to force reaching the competitive target in the trading volume that must be achieved.
You might need to find out the terms and conditions of the contest first. If everything seems easy for you to achieve and will not affect your activities, you might consider joining the contest.

Looks to me like OP is shilling here, and their post history somewhat confirms that OP's account is definitely run by a shiller, prolly another B****t shiller on the block.
How about your B****t put in some extra effort into how they market their service and their competitions here on the forum. It would further incentivize people to join in it, don't you think so?

If you conduct your trading activity in the spot market, OP, that's a good method you're thinking of, rather than using leverage or futures for what you're thinking of doing,
where I am pretty sure you'll quickly lose your funds in the end.

But if you manage to get or can get some small, incremental profits, it would be better if you experience that because at least you'll see that there's something right in what you're
doing in that actual trade, OP

Yeah, joining a trading competition should not make one start trading recklessly. Trading futures is more like trading memecoins and it’s best to stick with spot. Decent profits that’s consistently won is better than trading using ‘high risk, high reward’ strategy. I’m also considering joining the competition i saw a trader posted their profit somewhere, it seems the comp. is by Bitget. I’ve been coming across different events online lately. The bullish trend seems to be giving way more opportunities.

Are you a whale? I don't feel any trading competition is suitable for us as very small traders. Because often trading competition required a significant trading volume to enter the competition. Then they select some of the winners based on trading volume, which isn't an easy task for us. Trading competitions are mainly run for increasing the trading volume at all. I was never selected for trading competition myself, because that doesn't influence me at all.

If I were influenced by the competition, then my trading strategy would break, which would lead to losing funds as well. I trade according to my own trading strategies; I am not much interested in any competitions. I don't know which exchange you are trading, but I'm wondering how a normal trader would enter the competition without increasing the trading volume.

You wrote my thought out there on that one. I'm never a fan of trading competitions where rules are spelt out and participants will have to abide by them. I hate to have to watch my back because I've to keep to certain rules made my someone else. I like to stick to only my rules while trading. This is why I'm not a fan of prop firms to get a funded account. I've never subscribed to any and won't do that.

The plan to earn something extra has perhaps been what has crashed a lot of individuals who diverted from their original plan and strategy and followed another. If you're already good at trading and you're making consistent profits in small margins, I think what you should look towards doing is trying to improve your profit margin, not getting into any form of trading competition that can affect you emotionally and psychologically even though it does not seem to do so at the beginning.

Trade without pressure.

Trading is very risky, and we all have our own strategy to use. when you partake in a contest, it exposes you to high risk because you will be trading under pressure and that will lead to wrong decisions making which will lead to fast liquidation especially, when you use high leverage. I only trade at my convenient time and I don't involve myself in any trading competition because I know that it's a waste of time since I wouldn't win any of the prizes.

Everyone is probably aware of the risks involved in trading, but sometimes some traders prefer to challenge themselves, such as participating in trading competitions, to the point of forgetting that it's more stressful than regular trading. Competitions require traders not only to follow the rules but also to excel in certain areas to win the prizes offered. However, some traders prefer not to participate in such competitions when they realize the pressure and their own inability to win.

Every trading experience is a learning. We just stop making negative assumptions unless we find it worthless. We have to remind ourselves that we must go beyond our comfort zone in order to succeed. Perhaps it is an additional experience that could also help you develop strategies. As long as you never see a problem with yourself, then go ahead.

You can try. It is about knowing the reality of these kinds of contests. We never know if they are telling the truth unless we are doing it in actuality. Many questions arise in our minds, and the only answer is to participate.

Good luck then but I know what you are up to here and not just all about that trading story. Anyway, I am not into this phase and I am not active in participating in all of these trading competitions. There are other better traders than me and I have already accepted that fact long time ago. So, for you and the others that are so much active with the competitions from each exchanges that you have. It's just a bonus if ever you win those prizes because you're about to make money as well from just trading it. So, you're right that it's no extra effort and just an incentive if ever you've won the prize of how much it is in the table.

You know there are people who trades on higher volume and they could get qualified even before that person, so doing normal trading is good because it wouldn't hold someone's on a tensed and wanting to reach the minimum requirement, and of course these things are being classified or categorized. Sometimes they segment it from 1-10 meaning only these people who qualified could share the amount allocated for the competition.

Wow you're still doing trading competitions? As long as you don't aim to win something from it, that's fine. I know we all heard about BNB and I still have bad dreams about using them all up to save cents and dollars on trading commissions lol

They say there's no such thing as the best time to trade, but usually I say the best time is always a bull time. Not sure we're still in a bull tho :)

And at the end the point is that it's too risk trading on contests knowing how competitive the market is before getting to crown winners.
I'm rather preferred to face it just my way and do my usual trading.
It's really hectic engaging on competition trading whereas, there're lot of traders in the game whom you don't even know whose trading strategies is more profession than yours.
So I think the best is to trade on the low just on your own terrain to be able to control your looses or probably adequately manage your risks all by yourself.

Just trade without having an axe hanging over your neck in the form of a trading competition. When you have that you are only increasing the risk of your own losses and not going to gain anything.

The earning from any such trading club or similar things are only that temporary name and fame, no money is earned, mostly lost because it makes the trading system an entire gambling rush sort of thing.

It breaks the basic principle of buy low and sell high. But I guess new traders who are entering to just make money quickly do not understand this reality.

I'm not participating in these trading competitions at all and what I believe is that most of these requires huge trading volumes and knowing that it's Bitget, for sure there are many traders out there that has really high trading volume, and if you want to compete against them, you need to at least have a huge capital to start with.

Trading normally for me is the best approach instead of trading just because of these trading competitions because there might be a chance that you will end up overtrading just to build up that trading volume that's needed. Well, I haven't tried it yet because I know that I can't compete with such a small amount of capital. You can try and complete AS LONG AS you have the money. If you don't have then just forget about it. :)

I am pretty sure it's once again a shill account, shilling BGB, they have been around for a while, no idea what benefit these guys bring, but check how many newbies talked about BGB in the last 3 months and you will see that it's a real problem for the forum.

In any case, if you just do spot trading as the way you normally do, then you are not going to get the best out of this. This is not going to be that complicated, because you are not going to make that much money from it, and trading will be not bring you any money.

Because, real traders make a million dollars a day trading and you are not going to get any rewards since you would be small compared to them and you will end up with basically nothing compared to them.

Be careful if you want to join the trading competition. You will meet so many traders who have various skills. They will have the same reason for joining that competition so you will not easily profit.

I am not interested in trading competition because I joined in the past but that didn't give me a good result. So instead of losing my money because of my greediness, I prefer to use spot trading or buy, hodl for a while, and sell to make a profit.

That will be good for me because I can minimize the risk and the loss. I can handle my panic feeling so I just need to focus on how to make more profit.

I don't actually like trading competitions because it makes you trade outside of your plan and budget to ensure you win. Of you are profitable, netting 10% per month, you don't really need all that noise in the form of competition.

I was even thinking that your post is pointing to the aspect that require a trader to always show up in the market even though it is not necessary you must place a trade but observing the market regularly has a way of sharpening the traders views or the charts.
 

Lets be real, who doesnt like free stuff?  As long as its not going to take years of your time, Im always down to accept the easy promos and stack some more sats, especially if youre just making your normal trades lets face it, free perks, usually you would take them if it wont cause you any issues, why not!

Me? Well, Im sitting this one out.  I have too much going on but if you are already trading, and it takes nothing to pick up a bonus, why not! You are not derailing anything, you are just making it a better deal.

Trading contest is the most risk contest that will not allow you to earn income that will make you wealthy,  some traders that will be part of the trading contest may be professional than you which you will not have the opportunity to win from the contest till you change your mind to try other trade that will be profitable. Don't forget, there are alway population in that trading contest, no matter how active you are in the market, it will not make you to come first to win as a newbie. Why can't you use other trading strategy that will make you to earn income, when you trade in the bullish season because it hard for traders to lose when the price is high in the market. I'm use to buy coins when the price is low and trade when the price is higher, and am comfortable with what am earning from trading.

And worst, they do it with some terrible coins at times, to make that coin have some volume, and in the end, you end up losing money because the coin does terrible. So, while trying to win something, which you will not win because people with millions will do just quick few trades and pass what we can do in a day, we also lose money because we are forced to trade something terrible.

Not all trading contests are stick to or limited to just one project, but there are some like that, most of them are just limited to a single project. They say something like "shitcoin-usdt trading contest" and give 50k to the winner etc, and then you realize the coin drops 50%+ on the trading day. Just get out of them, and find a better way of making money.

We can meet them if the competition were held offline but don't you worry about the OP because he seem to just shill Bitget there. Also if he does it for real, he is only doing normal trades but this is how we do it. Trading competition is only like a bonus if we still get on the ranks. That being said, there is no need to regret anything. You use spot trading but some trading competitions also uses this mode.

And when you say buy and hold, are you still referring to trading and not investing? But speaking of it, I haven't seen one yet for investing. I just can't imagine though how it works, lol. It looks so easy, so the qualification must also be tougher.

How are you sure the traders that got the reward of 50 bigget token are not whales, those with higher amounts of funds to outshine the poor funded traders because this is competition and so expect the bigger boys to come in for rewards. Mind you, I am not underestimate your funding capacity as I don't know your level of income but I'm giving you the hint that if you are not capable of competing with the whales, then you should've tried it.

Not everyone that got involved gets the prize, some traders loose a lot in competition, are you a better trader with lots of funds in your balance, then you can win.

If you're a newbie, i will advise that you stay off trading for now till you've got the required competences for doing trades, which is how I feel personally, most of us into trading of altcoins ha e been in for years and still trade and lose money, dealing with altcoins could be profitable but we need to have much experience before starting and compare the risk in it.

My question is what will a small trader be doing spending so much time on contest that he may not be able to take part in because of the inability to meet the needed volumes, what I mostly advice people that start trading new is to always focus on their own abilities and trading techniques and not to get so much engaged with some professional activities that could hinder their learning process, contest is for experience traders and not some random luck seekers.

Asides HODLING, spot trading happens to be the next safe heaven for your assets if you are exploring the world of the cryptocurrency market even on bitcoin and other cryptocurrencies.  With spot trading you have a very good control over your assets and how it's been affected by volatility especially if you are using lesser leverage of which if it were possible I will advise not to use leverage at all.

A chance to earn some extra while doing your routine is always an opportunity and privilege I encourage we grab with out two hand seeing they don't come often and if it lays within our capability it will cost us absolutely nothing to join in rather than making less when we cam make more.

Was supposed to say the same thing on which it turned out that this do looks like to be some sort of shilling with BGB and same goes with other post as well that it is that indirectly tagging BGB with these kind of trading competition, investment recommendation and other stuffs on which it is that somewhat already getting obvious. Okay, lets say that this isnt some sort of shilling then answering about on joining up some competitions on which this might be that look non relevant or doesnt have any sense with it but for those who do want some challenge in competing with other traders then it wont be that a bad approach actually. Just do something on which you do know that it would beneficial for you or would be that making you as a better trader as you do  go forward. It would be just that actually be basing or depending on how you would be doing up such approach and actions towards it. Staying active could neither be that speaking about doing active trades or even just that simply knows about on the current trend and happenings that we do have into crypto space. The most important thing on here is that you do know on what you are doing and you do thrive yourself to become that much more better trader or investor. It doesnt matter on which path you are taking as long it would be something beneficial then this what matter the most.

Spot trading requires a lot of intelligence. but if luck is in your favor you can expect high profits. I do it but with the potential to lose. The market is still in a bit of a mixed bag with Bitcoin falling and some alts rising, traders may be confused but I am still holding although I had a short term spot trading mindset but I am considering most coins long term because I think digital currencies can move to more positive levels in the fourth and fifth phases.

I do spot trading regularly but most of the time I choose the coins that are at the top and buy those potential coins to keep myself calm with the price volatility because most of the time selling for fear of losing money increases your losses. It is better to spread the buying for extra income.

The competition in trading is not so much a favorable method to stay activite in the market, if you show up every day, analyze the market lay down entry and exit model, take trades when you see the market moving to your expectations, that's staying active, to participate in competition has some conditions that must be passed before you win else you will just be wasting your time and will not win anything at the end. I don't trade apart from buying and selling after holding for a short time period to gain profits.

And spot trading is like one of the easiest parts of trading because if you look at it, the risk is minimal when you are doing spot trading compared to when you are doing futures. After all, futures are more of a gamble with your funds, so the best thing is to have enough trading knowledge before crossing over to doing futures. And did that fail in trading? Are they eventually going into holding because they feel like the risk in trading is something they can no longer bear it so they need to do the needful? by adding knowledge and knowing the steps to take to succeed.


And when you hold, and when the price goes up, then you will get your money back in return, except that the price might be down, and it will take a longer period for the price to go back up, and this is why when you are holding, it will become more important to have patience or do daily trading those are the options.

Anything trading contest is majorly conducted to make the exchange rich if it's conducted by an exchange.
I think traders should be very careful when joining contest because this is not good for new traders that are struggling in the market to make money.

Most time greedy traders that think they can make quick money from trading just like gambling, most lose their capital in contest due to the pressure to make quick money from the crypto market through the exchanges they are using. I don't even like to do more than myself that's why I am always very careful when making financial decisions so I don't end up losing my entire capital.

The trading competition should not be your main driving force to want to trade. Make sure even when joining such competition, the money you can afford to lose and not over leverage on should be in accordance with what you set for yourself to want to trade with.

Trading competition comes with a lot of rules and such rules may not align with what you’ve planned out, so it’s better to trade by yourself and make the necessary decisions on yourself without having an external force to decide your targeted goal.

I love what competitions comes with, that competitive force to always want to be at the best should be used cautiously and not desperately. There is always a repercussions when not put into good use after joining such contests. Trade as a normal trader, take correction, set limitations and grow gradually until you become a better trader.

Again, I do not compete in trading, because whenever I compete in trading, there will be a desire to get more profits and I will have to face more greed than other people, so my money is at the greatest risk of loss. If you compete in trading, there will definitely be losses because the market does not always go up, in some cases, trading according to the plan should be calm with normal benefits.
Because you should refrain from excessive greed and excessive profit in trading, then the risk will be much less, whenever you compete, you will immediately be at greater risk because the possibility of losing money will be greater than gaining money.

Im not a fan pf trading contest even though theres a huge prize pool on it but im not a good at so another reason too i didnt join. So if you are confident to play with your trading skills and knowledge so you grab this chance and opportunity to earn extra money. Now if not ideal to make a trading in your own phase. No rush, no urgency, and no pressures just your decisions.

The question is will it be worth the hassle migrating exchange and all? the pool is kinda low for something that I predict gonna have many people participate into the contest.
There are definitely whales lurking out there and gonna dominate the contest with their sheer capital.

You better off doing a good trade and make profit out of it rather than hoping to get free money from these kind of contest.
They're never good to begin with.

I think most of us here don't want to join trading competition. We have matured enough not to chase anything in trading, except that we will continue to accumulate and HODL and will not complicate things on our end. So if ever we trade, it's on our own phase and not against anyone.

Just to scenario: Either you win or lose. You got give up your money in the crypto exchange because you are chasing the reward. And how many are going to fall for this trap? if the OP is not shilling, then the exchange here are the real winners because many will join and so they will have a lot of money in the pot and only one is going to take that home. So it's you against all of those traders and the chances are slim to win.

If you really love contests, register at crypto casinos and gamble there. Not only you'll have a higher chance of winning the contest but you'll also win personal rewards, which will be more fun and profitable than participating in trading contests.
For example, Binance is full of whales. If you are not a whale and don't have at least $100K in your pocket, who are you competing against? A whale with 923,266,797$ in trading volume? Think about it. These people with 100Ks in their pocket, sometimes also use leverage, lots of them use bots and etc. I suggest you to participate in contests if there is a bull market, the price of everything is going up and there is a spot for small traders like you.

The fact that you're looking at being profitable and active in the market, I still think one needs to be careful in the decisions they make rather than spending carelessly. From my observation you're doing pretty cool but you need to slow down things to avoid unrealistic ends. Cause the competition may be seen as a medium you might lose or gain though it's based on ones personal decision.

Sometimes, when a trader has experienced frequent and varied profits in the market, they often forget about the losses and continue trading relentlessly and even carelessly. I also quite agree with your suggestion that one should be more relaxed and slow down before experiencing losses. Because traders who move too quickly without careful calculation will not guarantee immediate wins with larger profits, especially given the current market conditions, which often experience corrections after price increases.

Almost always, when I see an event that is held on the exchange, I definitely join it. Nevertheless, I sometimes get a small reward, because by chance, in the process of trading, I fulfill some kind of event condition in the process of trading.

I'm not involved in this type of championship and may not be particularly focused on prize-related activities, but for those looking for some extra income, it might be worth a try. To meet the expected criteria, these types of trades usually have terms and conditions, and you must reach a certain trading level, which means profiting may not be as easy as you might think.

I prefer to trade during times of perceived momentum because I'm not the best trader, so identifying momentum can slightly reduce the risk of losing a lot of money compared to consistently engaging in daily trading. The phase you mentioned may not be as appealing to me yet, so there are no referrals.

Well just trade plain and simple. Sometimes its good to be included in the trading competition without actually caring to be in. Knowing that there is a reward for trading and even knowing the potential price might get you up and excited to do more trade than your usual which isnt good. Dont chase rewards for trading instead do some good trade if theres a reward and youre included thats only a bonus on your action.

Yeah I get that not everyone is really into those competitions because when you actually look at the requirements and conditions it makes the whole thing more difficult than what it looks like at first glance, most of the time the rewards sound attractive but the process to get there is not that simple and many traders who join thinking it’s a quick way to earn end up realizing it takes a lot more effort, patience and consistent strategy, and not everyone wants to commit to that.

Your approach of trading on momentum makes sense because instead of trying to catch every move or forcing trades every single day you are waiting for times when the market itself shows stronger direction, and that in a way reduces unnecessary risks, losses and stress. Some people think daily trading shows more discipline but in reality having the patience to wait and act only when the opportunity feels clearer is also discipline, and it can keep your capital safer in the long run. Even without referrals or prize chasing, that kind of method builds more stability which is something many traders struggle with.

We have noticed that if you do trading without pressure, and can determine the trading volume, then you will get involved in the competition. If you trade under pressure, your decision-making will be hampered. I participate in trading competitions, I know that I will not win the prize, but I participate anyway. If you think of it as just normal trading, then there should be no problem.

This is a good move, and it's better than nothing. Though I would have preferred you to analyse the long-term pattern/trend and stay a little bit more in the trade if the pattern did not change for at least a week. This is spots trading, the risk is not as aggressive as futures trading. Good luck!

You mentioned it as the" Trading Club Championship," there are many of them every year. But since it's to win BGB, I suppose it's Bitget that organised this one, am I right? I think I was mailed on this a while ago, but forgot. Enough on my head these days. I will check Biget first, but do well to confirm it too. Thanks in advance!

But nothing limits anyone if they see an opportunity in this type of trading, as I believe we are free to make our own choices. This type of trading is sometimes not as simple as people think, because if the terms and conditions are carefully read, there will be challenges that may need to be overcome. That's why I prefer to trade as usual without the pressure of the given terms and conditions, even though we know that every trade carries its own risks.

The mindset of people who trade to make money quickly needs to be corrected because there's no guarantee that we will achieve maximum profits on the first, second, or third trade. This mistake leads more people to experience significant losses because they think they can achieve large profits in a short time.

Been killing it with these kinda competitions lately though.. rn I'm focusing on this.
https://i.ibb.co/r2XMTnpG/1758016622991.png (https://ibb.co/HT9Y1mPD)
These events enables me to keep up with the market, test new strategies and have fun in the process!.

You don't have to join all of those trading competitions. If you think that you're good enough for them, you're one of the great traders out there.

But someone who's also consistent in holding and DCA is making themselves active in the market. There are a lot of ways to be active and get involved with it.

And it's not only about trading. If you mean that no extra effort, that's what DCA and holding is all about.

True not everyone needs to jump into trading competitions or short term battles to prove themselves the market isn’t about showing off it’s about staying consistent and growing your portfolio in a way that makes sense for you. A trader who keeps holding and sticking to dca is already putting in the work because every buy is an action in the market and it’s actually one of the hardest things to do consistently since it requires patience and discipline instead of chasing pumps or trying to outsmart the charts.

Being active in the market doesn’t always mean staring at candles all day you can be active by learning more about the ecosystem following news improving your strategies and making steady moves with your portfolio dca is one of the purest forms of activity because it keeps you engaged without burning you out. Trading competitions might give short term hype and rewards but in the long run the people who held strong and stayed consistent usually end up with bigger results.

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.

Ig you are talking about bitget trading events, normally I saw these events will give you a time limit and top volume scorer gets rewarded. For this reason lot's of flash traded are done, you look normally making profits 2-3% from every trade while keeping up the leaderboard/on the trading competition it's hardly I've seen anyone can pulled off.

Lot's of my Friend trades on Binance , for their trading competition. For just rewards money they wash their trading fees. Even though they do flash trades they can't keep up with the leaderboard sometimes

You need to be extremely careful while doing trading because without proper planning you will ending up losing money. Trading has risks associated with it and risk mitigation measures must be figured out before you start trading. Trading is a lengthy process where you keep learning from your mistakes until you reach a point where your right moves out number your mistakes. It's very important that one fully understand what trading is and how to proceed with because you can only lose money here if you don't do prior work.

Spot trading is actually and safe compared to futures, but one need huge amount of capital to actually make it big from spot trading , because this time around you are trying to take advantage of the market volatility . Without making use of leverage and for short term .

One of the good thing about spot trading is that no matter how the coin deep Aslong is a well known coin and have chances to bounce back your money will be safe and no losses will be recorded Aslong you didn’t sell in the dip . But sometimes you can fall as victim of buying coin that have no hope of bouncing back .

To really master trading one have to master the market first , know how it move and always stay updated it help in securing a healthy trading habit.

Usually, in such tournaments, traders simply increase the trading volume, and in this case, the trader does not receive a profit from the order being closed. And such a trader expects to compensate his expenses for the commission spent with the rewards he receives.

Have you read the rules in detail? Because usually trading contests have rules such as account levels or your trading volume, whether it's before the contest or during the contest.
If exchange only count activity, then whales could abuse this by making many trades with small amounts in each position.
What I mean is that exchanges will consider everything for their profits, not just randomly creating contests.

That does happen if a trader just wants to win the competition without thinking about his profit/loss from the trade. It might happen if the winnings are quite high which can make us ignore the losses incurred or the fees paid. This can be a common mistake of those who newly have joined the competitions without any prior experience. But after experience, we will sit down with a pen and paper and start calculating the expenses and forecasting profit and losses instead of just winning the bonuses.

Exchanges do not provide charity. They have some strong calculations backing these competitions. Without those, how can they earn commissions? These competitions can lure anyone but thinking wisely is really required before blindly jumping into.

Not like sport trading, that will cause you so much pressure when you are loosing money and other are winning, because is the most difficult sport trading to me. There are many professional traders in that sport trading that will be more smarter than you in the the market not to favour you and you will not be happy until you stay long to acquire more tactics that will help you to grow profit.

I don't think there is anything that will make me to go back to participate in sport trading, because that marker is full with traders that have experience of winning, and you that don't know how to employ methods to win small it will make you not to be happy with some kind result you will see.

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.

The trading competition comes with lots of opportunities but a trader needs to be more careful and active in the market such that they won't be able to make careless decisions during the that period. So no i think it you can't really focus on trading at that moment is best to give up the context but trying to say this usually results to more confused trading process and it depends on one's decision.

Of course before a trader joins competition it's assumed that they all believed themselves and know their capabilities to handle the type of competition they are about to join. No one just wake up a day and decide to join a competition without them knowing how to trade, which would generally affects their overall trading experience and could lose heavily without winning and it's also a 50/50 conditions where if he don't make profits he lose, and if he makes profits then it's a gain to him.

Being active in the market doesn’t necessarily mean you need to spend hours in front of your monitor or laptop just to keep track of what’s happening with the price of Bitcoin or the cryptocurrency assets you hold.

As long as you can place a position that you believe is good enough to potentially generate profit, you just wait and check it after a few hours or even a few days.
That’s when you’ll see whether the analysis you made turned out to be correct.

I've never stayed up late for a competition myself, so I don't have much to say, and I suspect that trading like this doesn't always go according to plan. As we all know, trading doesn't always go our way, and sometimes it doesn't go according to our strategy. Trading using this method can be even more challenging, fueling a desire to get through the given phase. Trading that isn't influenced by a contest is much more relaxed, as you can make decisions at your own pace due to the lack of rules or time limits.

The appeal might be seen in the context where everything is calculated, and the most appealing aspect is the potential additional income. However, for professional traders, this may not be so appealing, as they don't want to be controlled by others in their trading activities.

Being active in the market means you are trading actively and make your buying and selling or long and short trading positions very regularly. It is different than people trade like hold by opening a bad trading position, but don't know what to do (no stop loss order used, no cut loss practice) but check the price chart, read news very often while there is no trading action is made for a very long time.

Trading is risky and if you don't manage capital and risk well, being more active in trading will result in more losses.

It can be a good source of extra income rather than just looking for profits in trading. These competitions are a good way to get some extra income while performing regular trades in spot markets. But you will have to watch the rules carefully and understand the minimum trading requirements before entering these competitions. This is something which adds up to our extra income so sure, we can give it a try.

But be careful which competition you are entering into. These competitions are a newer way of promoting worthless coins where you have to trade or most specifically saying, buy these coins to enter but after the competition, prices might drop eventually making you end up in losses even after winning the competition.

Bitget offers a variety of offers. Currently, according to what I have seen, Bitget has the most reward systems such as various tournaments, Candyboom, diamond Thursday, from which users can generate a good amount of rewards, but for this, you have to spend some money first. Binance also has some reward systems such as Alpha and trading tournaments and some other features. Each exchanger adopts different strategies for their own marketing and to gain a large number of traders. So no matter how you trade, it is always very risky.

the main thing is to trade with a calm mind and no pressure esle you will give annoying testimonies. stress only leads to bad choices. competitions are okay if you see them as practice so you can get better!! but not to see them as something you must win at all cost!! sport trading is harder because you face pros iin the game with more skills and better strategies. if you are not ready!! it will just make you upset like cr*zy. it is better to focus on learning and improving slowly. at least with time and patience, you will surely build the skills and confidence you need.

I've joined a lot of them before but I didn't won any. And that has lost me appetite in joining one and I thought that I'd hone my trading skills through them. It has given a lot of good decisions for those who have won and they're encouraged to be a better trader when all of these competitions are existing in different exchanges. While it can be a life turning competition because it's a skill based which can be used in making more money.

Staying active in the market means being updated with the market to not be left behind when the market is moving up or going down. Staying active doesn't necessary mean you'll be active 24 hours of the day because that's impossible to do. You can stay active with alerts like when the price of your favourite cryptocurrency are increasing or decreasing so that you can take profits or buy in before the rest of the market catches up. Some traders love to join trading competition to stay active but you can do all this without joining any trading competition. One thing I do is to enjoy trading literally and this makes me want to be actively in the market always.

There are certain ways one can stay active in the market inorder to get some amounts of profits, some join trading contest and competition inorder to see through updates about the markets but it's not that necessary what's  important is being able to protect your funds so you won't be in losses. But spot trading needs so much flexibility cause the moment you snooze on the trades it's a loss knowing fully well you've not really mastered the acts of trading so well.