How do you approach a trading contest..

[YoungBoyCrypto]

The market is green again, and as an OG trader I know a lot of platforms could be rolling out various competitions to build liquidity and also reward users. I actually lost a lot to memecoins recently and I'm looking to build up my liquidity via bounties, competitions etc now that the market is a little bit stable hence this thread.

So for those that are familiar, how do you approach a trading competition and is there anyone ongoing that you know? You can send the links below.

[slaman29]

As someone who has done trading contests, my advice is don't.

You CAN win them. But you'll use up so much and lose so much to trading commissions you will need to make upward of 10% just to make up for the lost commissions on CEX. Prepare for 5% on DEX. You'll essentially be doing wash trading, but can you compete with bots?

CEX usually give out cash, DEX give out NFTs and nowadays memecoins. Which you sell hoping they cost more than you lost. It usually ends up false hope

[Oshosondy]

So for those that are familiar, how do you approach a trading competition and is there anyone ongoing that you know? You can send the links below.

Trading competitions are always ongoing because as one ended another will start. But I only prefer to advice traders that they can register for such competitions because they are trading at that time and not registered because they want to earn from it for it not to change your trading strategies. Trading is very risky and it can take money from someone and the person may not qualify or win any prize at the end.

[traderethereum]

Nah, I don't join in the contest as that is difficult for me. I realized that I need to have much money to trade in that competition. Besides that, I do not have good skill in trading so I can not get a better position.

I prefer to trade as usual without joining in the competition. With that way, I can relax myself in analyzing the market and will not rush to chase a better position in that competition.

You can find the trading contests in some exchanges such as Binance, KuCoin, Bybit, Bitget or else. But make sure you know the rules and how you can get the position.

[Floxynice]

Trading alone is already very risky and can take a toll on one's emotions. Doesn’t joining a trading contest add even more emotional stress? Like being extra careful so you don’t make silly mistakes, dealing with anxiety, and managing the expectations that come with such a contest.

I can't really call myself a full-time trader and have never joined a trading contest before, but I'm already feeling like participating would be too risky and expensive. I think the reply from @slaman29 has justified my doubts about the trading contest. You should think this through thoroughly to be certain that you really want to go ahead with your decision. I wish you well on your trading journey.

[EarnOnVictor]

The market is green again, and as an OG trader I know a lot of platforms could be rolling out various competitions to build liquidity and also reward users. I actually lost a lot to memecoins recently and I'm looking to build up my liquidity via bounties, competitions etc now that the market is a little bit stable hence this thread.

I hope you recover back your lost money in memecoins. I advise you to avoid memecoins if you couldn't buy them at the very beginning of a bullish season, or when the bearish season is almost over.

So for those that are familiar, how do you approach a trading competition and is there anyone ongoing that you know? You can send the links below.

I know of the traditional trading contest style through brokers, and not exchanges. I hardly see forex brokers without a trading contest, so do yourself a good by using Google to that advantage. You can trade cryptos in the contests too, if that is your choice.

[hyudien]

As stated by several members, I also have the same view, if you want to join a trading contest and hope to cover your previous losses you must be prepared for the consequences of greater losses. Trading contests require a lot of capital and besides that you must really focus and continue to monitor the market in order to make the right decisions when trading, my advice if you really want to join it choose the right competition and according to your trading experience so you can compete with other traders but avoiding is much better.

[stomachgrowls]

The market is green again, and as an OG trader I know a lot of platforms could be rolling out various competitions to build liquidity and also reward users. I actually lost a lot to memecoins recently and I'm looking to build up my liquidity via bounties, competitions etc now that the market is a little bit stable hence this thread.

So for those that are familiar, how do you approach a trading competition and is there anyone ongoing that you know? You can send the links below.

https://www.mexc.com/futures-activity/trading-competition
https://crypto.com/en/events/avax-trading-and-deposit-competition
https://www.okx.com/campaigns/cm-jan-trading-competition-2025

Links above might be their past month trading competition but surely they do have the current ones. Most of the time current top tier platforms does have their
trading competition. If you do find yourself having that good skills on the way you do trade then joining up these competition might give you an edge.
It doesnt matter on which way we do able to get money or source as long you do make use of your skills and knowledge then there's always the odds.

[Dr.Bitcoin_Strange]

Trading contest is usually of two types, the first is futures and the second is spot trading, if some exchange launch trading contest, they usually specify which one of them it is and also the terms and conditions of participating in the contest. If it's in spot trading, they will ask you to purchase a particular coin with a certain amount, so you will buy and sell and repeat it again, depending on the condition they gave. Same applies to futures, you will trade a certain amount giving you the leverage to win the contest but futures trading is more risky. You could lose some money trying to win the contest.

Last contest I witnessed but did not participate was hosted by Binance exchange on the month of March. Sometimes, you can check those exchanges they usually bring up those contest almost every month.

[cryptoaddictchie]

So for those that are familiar, how do you approach a trading competition and is there anyone ongoing that you know? You can send the links below.

Ive participated on most trading contest on cex. Preferably bybit, I approach the contest with cautious. Its all about volume so Id say better get to do a solid charting or analyzing the token project. Its gonna be good to buy low and sell high but sometimes it not happened often, and make some error but make sure you did your best on trying to win trade aside from eyeing the prizes.

[Rruchi man]

So for those that are familiar, how do you approach a trading competition and is there anyone ongoing that you know? You can send the links below.

Generally the advice would be to approach with a mindset not to get overwhelmed by your emotions because that can be the number one enemy against you, but because that is very difficult to do, even though you start up like that, it is hard to maintain. Just avoid competitions like this because they can put you under unnecessary pressure that could lead to sometimes uncalculated losses.

Trade at your own pace.

[LogitechMouse]

The market is green again, and as an OG trader I know a lot of platforms could be rolling out various competitions to build liquidity and also reward users. I actually lost a lot to memecoins recently and I'm looking to build up my liquidity via bounties, competitions etc now that the market is a little bit stable hence this thread.

So for those that are familiar, how do you approach a trading competition and is there anyone ongoing that you know? You can send the links below.

If you lost a lot of money to meme coins, go spot trading using the remaining money. Now if you don't have money left, go find a work. Don't rely on bounties as well because it isn't worth it. Go find a work and use your salary to trade.

I'm familiar with these trading competitions where there will be a bounty pool and you as a trader will get a share of that prize if you do the certain requirements. While this can give you additional capital, it needs lots... and I mean lots of capital in order to get a huge share of the prize pool. If you're trading just because of these competitions, change your approach already because it will not be worth it. You might've spent thousands of dollars already and you will only get hundreds of dollars. It isn't worth it at all.

I believe there are some exchanges that has current trading competition. MEXC has many events where if you trade specific coins, you will get a share of the prize pool. I don't know if Bitget has currently.

[AVE5]

So for those that are familiar, how do you approach a trading competition and is there anyone ongoing that you know? You can send the links below.

Trading contest via trading or exchange platforms hosts? I haven't been involved in trading competition neither do I trade on platforms that fosters their special offers just to attract users to their platforms. I basically go for reputable platforms and stick to my normal trading and I also don't chase free earning.

[slaman29]

I can't really call myself a full-time trader and have never joined a trading contest before, but I'm already feeling like participating would be too risky and expensive. I think the reply from @slaman29 has justified my doubts about the trading contest.

I wasn't even 20% a full time trader and I joined so many contests in the first few crypto years, especially when DEX platforms started popping up I was a full degen joining all of them, supposedly NFTs to be won were rare (and to be fair Pancakeswap NFTs for the first few trading contests were VERY worth it if you won and sold them immediately).

Its all a scam in the end, sorry to keep repeating myself. Wash trading in 10 different uniforms.

[GreatArkansas]

(....)
So for those that are familiar, how do you approach a trading competition and is there anyone ongoing that you know? You can send the links below.

There are a lot of famous exchanges today that host trading competitions. Most announcements can be seen on their website or mobile app if you frequently use them, or even on their social media. So make sure you follow their social media, the trading platform you always use.

[sheenshane]

(....)
So for those that are familiar, how do you approach a trading competition and is there anyone ongoing that you know? You can send the links below.

There are a lot of famous exchanges today that host trading competitions. Most announcements can be seen on their website or mobile app if you frequently use them, or even on their social media. So make sure you follow their social media, the trading platform you always use.

Exactly, I usually receive notifications for competition events at my email address linked to the exchange.
Typically, users are get informed of every announcement made on the exchange platform, and the next option could be their social media accounts.

But let me remind you, OP, that choosing a legitimate exchange is crucial if you really want to join a contest, as it sometimes can lead you to a scam.  Instead of pursuing this competition, I believe a safer way to earn is to join an affiliate program.

[Awaklara]

The market is green again, and as an OG trader I know a lot of platforms could be rolling out various competitions to build liquidity and also reward users. I actually lost a lot to memecoins recently and I'm looking to build up my liquidity via bounties, competitions etc now that the market is a little bit stable hence this thread.

So for those that are familiar, how do you approach a trading competition and is there anyone ongoing that you know? You can send the links below.

So you have traded and have an account on a particular exchange where you usually trade? Usually, the exchange notifies their members via email or social media when it holds a contest or competition. You should also get a notification like that.
The most common trading competition I have encountered on an exchange is when they list a new coin or the developer of a new coin holds a trading contest. I think it will be almost the same as your experience with the meme coin.
Trade as usual with your skills, don't chase bonuses from competitions. Maybe the results are not worth your loss.

[el kaka22]

Yeah, promotional emails are the ways that we learn them, and usually quite earlier on, like a week before at least, so you ready yourself for it, you end up trying to deposit as much as you can for that day, and then you trade as much as you can that day too.

The point here is that trading amount is the key, not the profit, for most of them, meaning if you invest a thousand, and lose all thousand, but traded it many times and have a 100k+ trading volume then you are doing better than everyone else and you will get reward, but if you deposited a thousand, and have five thousand because you won, but you only trading volume is 20k then you are not going to win. So you have to decide, do you want more volume, or do you want to focus on trading profitability?

[Potato Chips]

By knowing whether it's right for you or nah. As with anything, you'd need to gauge your risk appetite because you could lose your principal. It's typically not for small spenders as well—higher amount means higher risk.

My middle ground approach would be on the lookout for upcoming projects that does trading contests. You pretty much just use testnet coins, burner wallet and/or device so risk is much lower. But don't expect huge prizes like in big tier 1 exchanges and nevermind if you're prone to scams.

[The Cryptovator]

I have noticed too exchanges sometimes run trading competitions. It would be for a newly listed coin or for existing ones as well. But I never participated in such a trading competition ever. Because I need a lot of funds to trade, there would be a loss as well from the trading. Also, I don't trade with such a big amount on the exchange, and I don't store such a big amount on the exchange as well. So think twice before you participate in the trading competition.

Sorry to hear you lost from meme trading. That's the reason I don't often trade with meme coins. Because they are highly volatile and high-risk to trade them. Only lucky people made money from the meme coin trading. Hope you learnt from your mistakes.