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.