I just recently noticed an issue with the trading competitions, and it seems I’m not the only one who missed it. The deadlines for the KGEN and STAR competitions are actually three hours apart, which gives top players an advantage—they can first exhaust the liquidity for KGEN, then turn around and compete for the STAR spots.

To put it simply, for ordinary retail investors, such a competition design is really unfriendly. The spots are limited, the rewards are quite average, and they still have to compete against experienced long-term participants who know how to fine-tune slippage and transaction fees. These players have long figured out how to use minimal costs to achieve high rankings, so by the time retail investors enter, the prime positions are already taken.

It seems that only those who have been involved in various trading competitions for a long time and have mastered cost control strategies truly benefit from these opportunities. Regular users, no matter how much they try, can only passively follow the trend. This kind of mechanism definitely warrants some reflection.