币圈-舅爷
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Bearish
Brothers, the Binance Alpha trading competition has been quite popular lately, especially in the Sonic chain area. Many people say it’s easier to make the leaderboard compared to the BSC chain. But as an old trader, I have to pour some cold water on you—don’t rush in just yet!
I have tested the Sonic chain trading competition for a few days and found several pitfalls:
1️⃣ The trading volume is pitifully low; it takes forever for an order to be filled.
2️⃣ Price fluctuations are exaggerated; it often drops right after buying, making it impossible to break even.
3️⃣ The actual wear and tear is much higher than expected.
My personal suggestions:
✅ First, test with a small amount to gauge actual wear and tear.
✅ Calculate expected returns before making a decision.
✅ Don’t be fooled by "easy to make the leaderboard."
Do you think it's worth the effort? Feel free to share your test data~ Follow me for more trading competition strategies!
I have tested the Sonic chain trading competition for a few days and found several pitfalls:
1️⃣ The trading volume is pitifully low; it takes forever for an order to be filled.
2️⃣ Price fluctuations are exaggerated; it often drops right after buying, making it impossible to break even.
3️⃣ The actual wear and tear is much higher than expected.
My personal suggestions:
✅ First, test with a small amount to gauge actual wear and tear.
✅ Calculate expected returns before making a decision.
✅ Don’t be fooled by "easy to make the leaderboard."
Do you think it's worth the effort? Feel free to share your test data~ Follow me for more trading competition strategies!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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