Staying Active in the Market

[michellee]

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.

[Odohu]

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.
 

[Stalker22]

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.

[Oshio-man]

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.

[justdimin]

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.

[jaberwock]

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.

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.

[Odogwu-Blockchain]

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.

[Dunamisx]

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.

[Odusko]

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.

[Zigabel]

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?

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.

[Mahanton]

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.

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.

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.

[cxtreenal]

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.

[Mrbluntzy]

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.

[Baki202]

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.

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.

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.

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.

[Wakate]

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.

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.

[Ndabagi01]

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 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.

[Popkon6]

Anyone else looking into this phase, or sitting it out for now?

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.

[Peanutswar]

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.

[shinratensei_]

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 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.

[Yaunfitda]

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 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.

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.

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.