Dream about losing contest is an indication for a period of isolation or loneliness. You are not taking care of the things you treasure. Some issue or some aspect of your life still remains unresolved. This dream denotes poverty and disappointment. There is a situation that is causing you to lose your mind.
Losing contest dream is an evidence for issues with your self-image and how you portray yourself to the outside world. You are ignoring everything else around you. Your emotions need to be dealt with head on. This is a metaphor for something that you need to act quickly on or someone else will. A situation or a person may be trying to take over your sense of control.
If you dreamt about losing contest:
A letter or phone call regarding money that you may be expecting may still not come today. This could put you in a panic and cause you to want to phone those responsible to see what’s going on. Don’t be surprised if you end up playing phone tag. This just isn’t a good day for any sort of communication. Your call will come. Just hang in there for a day or two more.