A method for operating a wind turbine includes determining at least one wind condition of the wind turbine for a plurality of time intervals. The method also includes determining a status of the wind turbine at the beginning of each of the plurality of time intervals. Further, the method includes determining at least one vibration parameter of the wind turbine for one or more preceding time intervals of the plurality of time intervals. Moreover, the method includes predicting whether a trip event is imminent based on the at least one wind condition, the status of the wind turbine at the beginning of each of the plurality of time intervals, and the vibration parameter. Thus, the method further includes implementing a control action for the wind turbine so as to prevent the trip event.