How to approach a trading competition??

[Zanab247]

What should I look out for, how should I prepare, and what’s the best approach? All suggestions are welcome!

The best approach is to learn the movements of the market well and then participate in any competition. If the market is going up and it reached high peaks then surely it will have some correction and in correction shorting works like a charm but if market is dumped and bull run is still there then there'e chance the market may go up again and in such times it's better to open long positions to earn profits.

And when you learn to acquire the knowledge of the movement in the market, it will help you to succeed among the competitors in the market because you have the experience of the market which it will lead you to the season to trade your coins to make a good profit other people are making from trading. It depend the price you bought your coins in the market, because if you buy your coins in a high price and you sell the coins in the bull run, it will not help you to make plenty profits like those that bought their coins in the bear run and sell in the bull run.

This long hodling before trading, is very hard for some newbies to achieve to improve in any competition trading because they feel is a waste of time for them, than to trade without considering the price of the market at the moment, which it will not help them to earn a good profit with other traders in the competition.

[JunaidAzizi]

Hahaha, it was a joyful moment for you winning BNB. Well, buddy, the trading competition is easy and tough at the same time, and your preparation depends on the opposing team, how skilled and experienced they are and their preparation for the competition. I can simply say that you should make your own strategy before entering the competition, but yes, you have to read the terms and conditions before you enter to the market. it's very important because they set the criteria for winning. The third point is risk management and the use of stop-loss to prevent excessive losses. Next, you should communicate with your team members and other participants in the competition arena, which will provide you with knowledge about different strategies and the market. These are some essential things that are important to consider in a trading competition.

[AYOBA]

Hey traders, hope your week is off to a good start! Mine’s been profitable because I'm currently shorting BNB, haha. But that's not why I'm here. I’d love to hear about your experiences participating in trading competitions and get some tips.

What should I look out for, how should I prepare, and what’s the best approach? All suggestions are welcome!

Those peoples that we see make an competition about the trading are those who have already have much experience about the, but I wonder some people that they just started instead of them should be endure and lean in other to get a lot of experience about trading: Bit they will be after competition with those that have become experts.

When we come to trade we need to extra very careful, some of people’s will go and participate competition without having a proper knowledge of the trading or knowing their own market strategies, but if a person is lack of knowledge about the markets it will never succeed in trading.

[$weetne$$]

And when you learn to acquire the knowledge of the movement in the market, it will help you to succeed among the competitors in the market because you have the experience of the market which it will lead you to the season to trade your coins to make a good profit other people are making from trading. It depend the price you bought your coins in the market, because if you buy your coins in a high price and you sell the coins in the bull run, it will not help you to make plenty profits like those that bought their coins in the bear run and sell in the bull run.

You can still buy a coin during the time of the bull market and make a better profits than those that bought during the bear market. Some people buy a coin during the bear market thinking that they have bought in the cheapest price but after buying, the coin can still drop more and it continues to fall until it gets a lucky break during the bull market and that was when another investors or trader buys the coins. The market is full of surprises and you can surprised at anytime. Trading competition are good because they can make you to improve from the way you use to trade before, some traders are afraid of taking more risk as they are always too careful of how much they want to use to trade and this makes them to not get plenty profits but just average.

[serjent05]

I think it is necessary to learn the trend when trading.  Aside from basic to advance knowledge on trading strategy, it is also useful to know the emotion that is engulfing the market.  If we happen to master this kind of observation, it is easier for us to use the tools, and technical analysis since we can somehow get some hints whether the upcoming market trend is upward or downward.
It is said that it is best to mix technical and fundamental knowledge for a better result in terms of price movement prediction.  Regardless how tight the trading competition is learning to adopt and rightfully apply the knowledge we gathered gives us an advantage.

[Mahanton]

What should I look out for, how should I prepare, and what’s the best approach? All suggestions are welcome!

The best approach is to learn the movements of the market well and then participate in any competition. If the market is going up and it reached high peaks then surely it will have some correction and in correction shorting works like a charm but if market is dumped and bull run is still there then there'e chance the market may go up again and in such times it's better to open long positions to earn profits.

And when you learn to acquire the knowledge of the movement in the market, it will help you to succeed among the competitors in the market because you have the experience of the market which it will lead you to the season to trade your coins to make a good profit other people are making from trading. It depend the price you bought your coins in the market, because if you buy your coins in a high price and you sell the coins in the bull run, it will not help you to make plenty profits like those that bought their coins in the bear run and sell in the bull run.

This long hodling before trading, is very hard for some newbies to achieve to improve in any competition trading because they feel is a waste of time for them, than to trade without considering the price of the market at the moment, which it will not help them to earn a good profit with other traders in the competition.

Learning trading isnt a skill that you could really be able to easily obtain on which it will really be taking up that long time and tons of engagement and trading positions on which you will really be experiencing those trials and errors. Not all will really be that having that kind of open mindedness on which there are ones who do really be able to adjust accordingly and there are those people who do just easily quit up on the time that they do experience some hardship or tough situations. When you are really that dealing up with trading competition then this is something really that a good time or moment that you do make yourself that learn because you would really be challenged on trying out to achieve or hit up something, but somehow since you do know that you are less in experience and knowledge then you shouldnt be anticipating that you can be able to make out some
winning spot or in the top so that you wont be ending up on getting frustrated or would really be that disappointed. It is really that important that you do need to learn up and acquiring that sufficient and experience so that on the moment that you had build up yourself in terms of foundation about learning up trading then you will really be also that competitive on the time that there would really be other some competitions.
Although you cant be able to sure that you will be winning up the top spot but at least you do made up yourself that more better and better as years or time passing by.

[FortuneFollower]

I think it is necessary to learn the trend when trading.  Aside from basic to advance knowledge on trading strategy, it is also useful to know the emotion that is engulfing the market.  If we happen to master this kind of observation, it is easier for us to use the tools, and technical analysis since we can somehow get some hints whether the upcoming market trend is upward or downward.
It is said that it is best to mix technical and fundamental knowledge for a better result in terms of price movement prediction.  Regardless how tight the trading competition is learning to adopt and rightfully apply the knowledge we gathered gives us an advantage.

Yeah, sounds great - you do what sticks to you and suits you, which is - making your profit and bringing you joy in doing.
So to be good, you need to crave knowledge, markers to enter, and self-discipline in emotions and not only in them, but in your actions too.

[fikrett]

And when you learn to acquire the knowledge of the movement in the market, it will help you to succeed among the competitors in the market because you have the experience of the market which it will lead you to the season to trade your coins to make a good profit other people are making from trading. It depend the price you bought your coins in the market, because if you buy your coins in a high price and you sell the coins in the bull run, it will not help you to make plenty profits like those that bought their coins in the bear run and sell in the bull run.

You can still buy a coin during the time of the bull market and make a better profits than those that bought during the bear market. Some people buy a coin during the bear market thinking that they have bought in the cheapest price but after buying, the coin can still drop more and it continues to fall until it gets a lucky break during the bull market and that was when another investors or trader buys the coins. The market is full of surprises and you can surprised at anytime. Trading competition are good because they can make you to improve from the way you use to trade before, some traders are afraid of taking more risk as they are always too careful of how much they want to use to trade and this makes them to not get plenty profits but just average.

You are totally right - if you want to buy a coin for the future, you buy it at any price, having confidence that it will spike anyway, such as the case with BTC.
You either DCA your way out or buy in lumps, of course, with other coins, this is a more risky venture, however - it's better to have many coins in your portfolio with different potentials and metrics attached to them.

[john_egbert]

Hey traders, hope your week is off to a good start! Mine’s been profitable because I'm currently shorting BNB, haha. But that's not why I'm here. I’d love to hear about your experiences participating in trading competitions and get some tips.

What should I look out for, how should I prepare, and what’s the best approach? All suggestions are welcome!

Those peoples that we see make an competition about the trading are those who have already have much experience about the, but I wonder some people that they just started instead of them should be endure and lean in other to get a lot of experience about trading: Bit they will be after competition with those that have become experts.

When we come to trade we need to extra very careful, some of people’s will go and participate competition without having a proper knowledge of the trading or knowing their own market strategies, but if a person is lack of knowledge about the markets it will never succeed in trading.

Only if you do think you have the needed expertise - you lean towards the competitions 
Especially regarding the details about them - always read the fine print, in fact, everywhere.

[FortuneFollower]

What should I look out for, how should I prepare, and what’s the best approach? All suggestions are welcome!

The best approach is to learn the movements of the market well and then participate in any competition. If the market is going up and it reached high peaks then surely it will have some correction and in correction shorting works like a charm but if market is dumped and bull run is still there then there'e chance the market may go up again and in such times it's better to open long positions to earn profits.

And when you learn to acquire the knowledge of the movement in the market, it will help you to succeed among the competitors in the market because you have the experience of the market which it will lead you to the season to trade your coins to make a good profit other people are making from trading. It depend the price you bought your coins in the market, because if you buy your coins in a high price and you sell the coins in the bull run, it will not help you to make plenty profits like those that bought their coins in the bear run and sell in the bull run.

This long hodling before trading, is very hard for some newbies to achieve to improve in any competition trading because they feel is a waste of time for them, than to trade without considering the price of the market at the moment, which it will not help them to earn a good profit with other traders in the competition.

Patience and self-discipline - two knight-traits for the traders to acquire in order to become the masters of the market, not a prey for it.
Indeed, if you control yourself - you control what you do and how you perceive the events unfolding on the market.

[Issa56]

Hey traders, hope your week is off to a good start! Mine’s been profitable because I'm currently shorting BNB, haha. But that's not why I'm here. I’d love to hear about your experiences participating in trading competitions and get some tips.

Seriously future trading is not for beginners, All I will tell you is that you should be careful. If you are not yet a professional trader, then it’s just better you avoid future trading, their is nothing bad in spot trading, you should just trade on spot. With the current bitcoin price movement, it’s going to be difficult to predict altcoin movement, and involving yourself in future trading currently comes with a very great risk. With bitcoin's current price, then I am sure with time, other altcoins will start following bitcoin price movement, so if you end up shorting any coin now, then things might not just end well.

[GeorgeJohn]

Hey traders, hope your week is off to a good start! Mine’s been profitable because I'm currently shorting BNB, haha. But that's not why I'm here. I’d love to hear about your experiences participating in trading competitions and get some tips.

What should I look out for, how should I prepare, and what’s the best approach? All suggestions are welcome!

I cannot come and demislead you or indicate your wrongly about trading for you to join trading competition you must know how acquire the knowledge of trading to at least 80% of the knowledge before you can join to participate in Trading competition because we have many people who take trading us their source of generating Revenue, but you as a beginner in Trading you have to understand as a threading is not all about competing with somebody but is all about on that standing the basic knowledge of trading because when you understand the basic knowledge of trading or basic concept of trading definitely you must achieve a greater height through trading

[2Pizza410000BTC]

Hey traders, hope your week is off to a good start! Mine’s been profitable because I'm currently shorting BNB, haha. But that's not why I'm here. I’d love to hear about your experiences participating in trading competitions and get some tips.

What should I look out for, how should I prepare, and what’s the best approach? All suggestions are welcome!

You cannot see the trading competition as small, you must see the trading competition as big. There are many competitors in trading competition you must trade with huge amount of money if you can trade with huge amount of money then you can expect to win the trading competition. Because the trading platform never remembers those who trade with small amount of money in trading competition remembers traders who can pay huge amount of money for trading. So you must participate in the trading competition by investing huge amount of money. But here I want to know from you are you ready to give huge amount of money, are you very experienced about trading? It is good if you are very experienced about trading and ready to invest huge amount of money.

[fikrett]

Hey traders, hope your week is off to a good start! Mine’s been profitable because I'm currently shorting BNB, haha. But that's not why I'm here. I’d love to hear about your experiences participating in trading competitions and get some tips.

Seriously future trading is not for beginners, All I will tell you is that you should be careful. If you are not yet a professional trader, then it’s just better you avoid future trading, their is nothing bad in spot trading, you should just trade on spot. With the current bitcoin price movement, it’s going to be difficult to predict altcoin movement, and involving yourself in future trading currently comes with a very great risk. With bitcoin's current price, then I am sure with time, other altcoins will start following bitcoin price movement, so if you end up shorting any coin now, then things might not just end well.

Yep, futures are a grave for many out there with such volatility going in.
Only with the money you are willing to spend, just like with the spot, you can enter a position, but I wouldn't risk it due to what's going to happen is pretty much uncertain besides the rally growing stronger day by day.

[FortuneFollower]

Hey traders, hope your week is off to a good start! Mine’s been profitable because I'm currently shorting BNB, haha. But that's not why I'm here. I’d love to hear about your experiences participating in trading competitions and get some tips.

What should I look out for, how should I prepare, and what’s the best approach? All suggestions are welcome!

You cannot see the trading competition as small, you must see the trading competition as big. There are many competitors in trading competition you must trade with huge amount of money if you can trade with huge amount of money then you can expect to win the trading competition. Because the trading platform never remembers those who trade with small amount of money in trading competition remembers traders who can pay huge amount of money for trading. So you must participate in the trading competition by investing huge amount of money. But here I want to know from you are you ready to give huge amount of money, are you very experienced about trading? It is good if you are very experienced about trading and ready to invest huge amount of money.

It's either you win big or you go home here, so I totally agree - a competition, if a person wants a good place in it, is no joke to your depo.
Only with needed expertise, it should be entered with such an intent.

[john_egbert]

I think it is necessary to learn the trend when trading.  Aside from basic to advance knowledge on trading strategy, it is also useful to know the emotion that is engulfing the market.  If we happen to master this kind of observation, it is easier for us to use the tools, and technical analysis since we can somehow get some hints whether the upcoming market trend is upward or downward.
It is said that it is best to mix technical and fundamental knowledge for a better result in terms of price movement prediction.  Regardless how tight the trading competition is learning to adopt and rightfully apply the knowledge we gathered gives us an advantage.

Yeah, risk management + the readability of the mood of the market are essential, though now we can all say that the rally for BTC dictates the market, we can never underestimate how things may go in the perspective.

[CageMabok]

Yep, futures are a grave for many out there with such volatility going in.
Only with the money you are willing to spend, just like with the spot, you can enter a position, but I wouldn't risk it due to what's going to happen is pretty much uncertain besides the rally growing stronger day by day.

Because there is always a rally in the market that is getting stronger day by day, it has caused most traders to have a strong mentality in order to be able to continue to survive in the market with whatever trading capital they choose themselves. In futures all funds can be lost if they are hit by the liquidation price, while in spot every fund or asset that has been purchased can still remain if it has not been sold at a certain price or bought at a certain price. So in terms of choice and strategy, whatever it is, it is always up to yourself to determine it because it is also the first step that every trader must think about.

[fikrett]

Yep, futures are a grave for many out there with such volatility going in.
Only with the money you are willing to spend, just like with the spot, you can enter a position, but I wouldn't risk it due to what's going to happen is pretty much uncertain besides the rally growing stronger day by day.

Because there is always a rally in the market that is getting stronger day by day, it has caused most traders to have a strong mentality in order to be able to continue to survive in the market with whatever trading capital they choose themselves. In futures all funds can be lost if they are hit by the liquidation price, while in spot every fund or asset that has been purchased can still remain if it has not been sold at a certain price or bought at a certain price. So in terms of choice and strategy, whatever it is, it is always up to yourself to determine it because it is also the first step that every trader must think about.

In conclusion - think and analyze first, and act second.
That way, the market will have fewer chances to punish you.

[milewilda]

Yep, futures are a grave for many out there with such volatility going in.
Only with the money you are willing to spend, just like with the spot, you can enter a position, but I wouldn't risk it due to what's going to happen is pretty much uncertain besides the rally growing stronger day by day.

Because there is always a rally in the market that is getting stronger day by day, it has caused most traders to have a strong mentality in order to be able to continue to survive in the market with whatever trading capital they choose themselves. In futures all funds can be lost if they are hit by the liquidation price, while in spot every fund or asset that has been purchased can still remain if it has not been sold at a certain price or bought at a certain price. So in terms of choice and strategy, whatever it is, it is always up to yourself to determine it because it is also the first step that every trader must think about.

In conclusion - think and analyze first, and act second.
That way, the market will have fewer chances to punish you.

Easy to say but it would really be that so hard to do on which on the moment that you do deal up with trading specially on a market on which it is really that very volatile and unpredictable then there's no way that you could be able to handle it out on very easy way on which it will really be having those chances or tendency that you do really end up on having those kind of possibility that you might be ending up on losing that big time.
As for trading competions then it will really be that not easy yet we do know that the ones who are joining with these competitions are to those traders who do have some good skills on which they can be able to generate profits in a short span of time on which simply means that there's that difference when it comes to overall skills and knowledge.

Come to think of that even professional traders wont really be that able to avoid loses but what matter the most is on how you will really be able to handle up yourself into this unpredictable world of trading in crypto space. If you arent that good on handling your emotions then you will really be that prone into tons of mistakes and errors on which it will really be causing up that losing money.

Somehow it wont really be that bad on trying out to make yourself having that kind of perseverance on joining up this contest so that you will be able to enhance your skills even more
and you are really that being inspired to be trading up much more better because you do know that this will be beneficial for long term.

[SamReomo]

Patience and self-discipline - two knight-traits for the traders to acquire in order to become the masters of the market, not a prey for it.

Those two are really important traits of a trader but as humans it's hard to have patience and apply self-discipline when you see your positing gaining more green candles.

Some of such traders sell their positions by securing less profit, but if they can apply self-discipline, and have patience then they could literally make more profit by holding.