Tips for Competing in a Trading Event

Trading competitions feel completely different from normal day to day trading. It is not just about being profitable, it is about outperforming everyone else. That added pressure can push you into chasing trades, trying to time entries with unrealistic precision, or even overtrading just to stay active and visible on the leaderboard.

When i was trading $AVNT, i learned that discipline matters far more than speed. i used to jump into trades too quickly, afraid of missing out, but most of those decisions ended badly. Once i slowed down, waited for proper setups, and stuck to my trading plan, my results improved dramatically. That same mindset is something i now carry into competitions, patience and strategy over panic and FOMO.

Another thing to keep in mind is the mental side of competition. Watching the leaderboard can really play tricks on your head. You might be doing well, but seeing someone way ahead can make you feel like you are falling behind. That is when people start copying others’ moves or taking oversized risks. I noticed Bitget’s Onchain Trading Competition 51 is ongoing, and it reminded me how easy it is to slip into risky habits when you are too focused on ranking instead of your own strategy.

That is why risk management is probably the single most important part. Even in a competitive environment, setting loss limits and sticking to them can save you from frustration and burnout. One wrong move can wipe out days of progress, so protecting your capital should always come first. At the end of the day, the real win is not just about placing high on the board, it is about coming out with your account intact, lessons learned, and the confidence to trade smarter in the future.