Staying Active in the Market

[shield132]

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 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.

[harapan]

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.

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.

[G_Besar]

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.

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.

[tvplus006]

...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.

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.

[ancafe]

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?

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.

[cryptoaddictchie]

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?

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.

[dunfida]

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?

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.

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.

[HistoLock]

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.

[EarnOnVictor]

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.

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!

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

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!

[ancafe]

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.

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.

[Bournesparks]

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?

Been killing it with these kinda competitions lately though.. rn I'm focusing on this.

These events enables me to keep up with the market, test new strategies and have fun in the process!.

[boyptc]

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.

[Lanatsa]

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.

[tvplus006]

Been killing it with these kinda competitions lately though.. rn I'm focusing on this.

These events enables me to keep up with the market, test new strategies and have fun in the process!.

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.

[hd49728]

Been killing it with these kinda competitions lately though.. rn I'm focusing on this.

These events enables me to keep up with the market, test new strategies and have fun in the process!.

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.

[Mahiyammahi]

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

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

[WatChe]

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.

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.

[I_Anime]

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?

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.

[tvplus006]

... 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.

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.

[Strongkored]

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?

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.