Is sharing insights the key to better trading? - page 2.

YOSHIE

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Quote from: R1dwanRz on February 24, 2024, 11:09:50 AM

Is sharing insights the key to better trading?

Actually, there are many ways that can be done in crypto trading and there are many tips that we can do so that the trading we do can be successful and successful.
Tips from me, never prioritize greed in crypto trading, trade in small amounts. for example, if you have $3000 in crypto assets, don't use it all and one more tip, don't ever think about getting a chance or luck in crypto trading, insight is important to overcome losses.

Other tips focus on one type of crypto only, for example: Bitcoin only, if you try to trade in several types of crypto, it will make you prone to losing, those are some of my crypto trading strategies/tips.

MusaMohamed

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Quote from: goaldigger on February 28, 2024, 02:34:09 AM

This is ok but not a way to a better trading, there are unreliable insights and you might get confused if you will follow it.

If you're just learning how to trading, this can be a big help but if you already have the knowledge about trading then better to do it on your own and have a winning strategy at your own timeline and risk level.

Trading is very risky, I don't rely to anyone because this is my own money and I'm responsible for this.

Trading is certainly risky and everyone see this fact. If I can not trust on myself, I can not trust others.

They can have good intention to help me but they themselves can make mistakes, incorrect thinking and wrongly predict the market. If I trust them, open my orders and positions, I will lose money and they will not pay me any compensation.

They don't have reasons and responsibility to pay compensation to me. I am responsible for my decisions and positions so I have to afford to loss or profit from my trading.

goaldigger

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This is ok but not a way to a better trading, there are unreliable insights and you might get confused if you will follow it.

If you're just learning how to trading, this can be a big help but if you already have the knowledge about trading then better to do it on your own and have a winning strategy at your own timeline and risk level.

Trading is very risky, I don't rely to anyone because this is my own money and I'm responsible for this.

lixer

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Quote from: boyptc on February 25, 2024, 03:45:09 AM

You are able to introduce that bitget thing everytime you discuss some topics. I'd applaud you for that because it doesn't seem that it is noticeable.

As for shared insights from the community, it does help an individual but also, it might cause a panic to someone who's just reading those insights.

I think there are other users too who shill that exchange but they are way too obvious. I guess it's because their sentence are only short while this one here or every time the OP writes, isn't.

Even though it can also be considered as a shill but he is doing it carefully though I do not know if this is still not acceptable or not?

Anyways, on topic now, I am just wondering on why you said sharing insights can cause a panic to someone else? Is it like they are going to FOMO because the insights is too good? But, why not? As long as it's not hoax and then those listeners already have a good experience on how to use it, they will be just fine.

Finestream

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Quote from: Fakhrulenclix on February 27, 2024, 09:54:22 AM

Quote from: Mpamaegbu on February 27, 2024, 06:09:15 AM

But of course, no single individual knows it all. I believe in the power of sharing ideas. Anyone who holds down what they know and refuses to share with others remains behind. It's a simple logic which those doing it may not know. When we share ideas we also learn from those we think we're teaching. It's cross fertilization of ideas. I belong to several communities and I know what insights we've been sharing and how they've impacted my trading. Like my people would say, when several persons pee at a spot at the same time it generates foam which when done individually won't be possible. Have a trading plan or strategies but review that of others to know where you stand.

I agree with that, we will not lose anything if we share insight/knowledge with other people, in fact we will understand more about that knowledge, then the feedback we will receive will also make it possible for us to understand more about it so it is very likely that it will be enough. We will get many benefits if we share our insights with other people.
In trading, we actually have to have a community to share because alone we are not able to receive a lot of information or knowledge that will benefit us.

Sharing insights is always good and beneficial for everyone as one can reap benefits and use it as his own advantage in trading. But we should not solely rely to that, as one must seek his own knowledge and working strategies in trading so that he can maximize his profits and reduced his losses. No one get to consistently winning and making profits in trading as there are times we get trapped by this unpredictable market, but if we can be more proficient in reading market analysis and be more patient and goal-centered, we can always create successful trades more than losses in trading.

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Quote from: Mpamaegbu on February 27, 2024, 06:09:15 AM

But of course, no single individual knows it all. I believe in the power of sharing ideas. Anyone who holds down what they know and refuses to share with others remains behind. It's a simple logic which those doing it may not know. When we share ideas we also learn from those we think we're teaching. It's cross fertilization of ideas. I belong to several communities and I know what insights we've been sharing and how they've impacted my trading. Like my people would say, when several persons pee at a spot at the same time it generates foam which when done individually won't be possible. Have a trading plan or strategies but review that of others to know where you stand.

I agree with that, we will not lose anything if we share insight/knowledge with other people, in fact we will understand more about that knowledge, then the feedback we will receive will also make it possible for us to understand more about it so it is very likely that it will be enough. We will get many benefits if we share our insights with other people.
In trading, we actually have to have a community to share because alone we are not able to receive a lot of information or knowledge that will benefit us.

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No one can actually say they became successful traders all alone without help directly or indirectly from other sources. Insights from reliable sources have been very useful to many traders who really know what they are doing. But, relying so much on insights is not good for the growth of any trader. Many traders fail because they blindly get help from just any source because they lack the knowledge to trade with high confidence without seeking validation from just any source. Insights are supposed to serve as reminders to use a certain strategy and not just as a working tool.

No matter how useful an insight is, every trader (especially newbies) should develop their skills and improve on themselves regularly by learning new ideas that can be used to form good strategies. It is very important for traders to gather lots of information so they can tell when an insight is useful or not.

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It's the best that can happen if you can seriously learn and earn at the same time but in most cases it's almost impossible. In the learning phase you make a lot of mistakes and with mistakes you can't earn much profits.Failure are the biggest lessons that lead to profits and they come in the learning phase.

In trading you have to get the Insights some experts advice and then with a small investment you can start to experience the market then you come to see where you got wrong. first research and then slowly you get the experience and learning phase continues after some time you'll notice that most of the your investments will come out richer. The roadmap is simple learn failure and then earn of course with some exceptions.

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But of course, no single individual knows it all. I believe in the power of sharing ideas. Anyone who holds down what they know and refuses to share with others remains behind. It's a simple logic which those doing it may not know. When we share ideas we also learn from those we think we're teaching. It's cross fertilization of ideas. I belong to several communities and I know what insights we've been sharing and how they've impacted my trading. Like my people would say, when several persons pee at a spot at the same time it generates foam which when done individually won't be possible. Have a trading plan or strategies but review that of others to know where you stand.

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Quote from: Natsuu on February 26, 2024, 08:25:13 AM

It may not be for everyone but I think it helps. Think of it like making your own trading style. It's about figuring out what works best for you like how much risk you're comfortable with, how much time you want to put in and what you want to achieve. Joining a community and using platforms is like getting tips from friends in the trading world. It's all about finding your groove and making trading work for you

Yeah correct, fine tuning your own trading setup would be the most important thing for any trader in the world, and there is really nothing else that we can do about it, we have to end up being a lot better eventually about this and that would only be done by finding what works best for us. I know that it is not going to be easy to find our best method, because it takes months even maybe years to perfect it to our liking but that doesn't mean that we are going to be able to do it easily. So, we should definitely find a way to do it one way or another.

This is why I believe that we are going to end up with a much better trading if we could just learn from others and take parts of it to ourselves and combine everything together to make a mixture of it all.

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For trading you can gain some knowledge from sharing but own skills are more essential. We all know that there are risks involved. If you do market analysis by yourself you will know the updated information along with the signals of the trade market making it easy to be profitable in trading. Not everyone has the same intelligence for trading. Other's tips can fail many times analyzing trading strategies by yourself is the right decision.

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Quote from: Natsuu on February 26, 2024, 08:25:13 AM

It may not be for everyone but I think it helps. Think of it like making your own trading style. It's about figuring out what works best for you like how much risk you're comfortable with, how much time you want to put in and what you want to achieve. Joining a community and using platforms is like getting tips from friends in the trading world. It's all about finding your groove and making trading work for you

Yes, of course this really depends on a person's personality, but it will be very profitable if we can do this because we can find out whether the techniques we use for trading are good or not and we will also be able to find out how much knowledge we have. trading that we have mastered and will be able to increase our knowledge about trading from sharing these insights.

If we can join a trading community, of course we will be able to gain knowledge from other members and we can also share what we have mastered well in trading, of course this is very useful for ourselves and also our friends in the community.

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Quote from: Questat on February 26, 2024, 08:13:37 AM

Quote from: R1dwanRz on February 24, 2024, 11:09:50 AM

You know, trading strategies are the backbone of how any trader approaches the market. Whether you're into day trading or future trading, a good strategy gives you structure and a framework to make informed decisions.

I agree, that the shared trading strategies of many successful traders help you think how important it was. But the question is why some traders have never been successful even following experts or successful traders. Maybe you are right that it was the backbone of trading but so many factors affect the end result of our trades - emotions and behaviors. Perhaps, these things cause major losses for many traders and even those having deep knowledge of trading but if we have been influenced by our emotions and bad behaviors, we ain't go far but end shortly.

Trading strategies and insights will always be helpful most particularly to novice traders. They need to see and hear it most often so that their motivation to trade and be successful on it will stay high. However, being a trader is not only concern with knowledge and development of skills and strategies, being patient and being in controlled of emotions also contribute a bigger outcome in trading. Without these, trading seems to end up like gambling wherein losses and mistakes will always be inevitable.

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Quote from: rozak on February 24, 2024, 10:52:28 PM

Quote from: cryptoaddictchie on February 24, 2024, 01:56:54 PM

Quote from: R1dwanRz on February 24, 2024, 11:09:50 AM

I also take some insights from Bitget Insights and Binance Feed. Besides being great resources, I've noticed I'm earning a bit of $BGB for checking things out and interacting on the former exchange's Insights. It's a nice way to get a little something back while I'm learning. Don't you think it's a cool way to learn and earn at the same time?

Whats BGB? Is this is some sort of subtle shill about it? Well I assume this isnt connected or related to your mentioned exxhanges. Trading is different from investment where you can earn on short period of time. Likewise most investment gets appreciated on the long term or if the price is extremely high already.

Maybe what the OP means by BGB is a token from the Bitget wallet. I don't know for sure whether Bitget provides free tokens to those who interact via Bitget Insights. but there seems to be someone sharing something like analysis or more on trading signals from fellow members.
again I don't know for sure if he got free tokens from his activity on the exchange or their wallet.

I think the OP was refering to this event https://www.bitget.com/insights/posts/171454 and tbh it's worth participating cos BGB seems to be among the top 3 exchange tokens that we could keep a close tab and it's also not not a wallet token but an exchange token.

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Quote from: Faisal2202 on February 25, 2024, 01:10:53 PM

Quote from: R1dwanRz on February 24, 2024, 11:09:50 AM

I also take some insights from Bitget Insights and Binance Feed. Besides being great resources, I've noticed I'm earning a bit of $BGB for checking things out and interacting on the former exchange's Insights. It's a nice way to get a little something back while I'm learning. Don't you think it's a cool way to learn and earn at the same time?

I did not know we could earn BGB the native token of Bitget by engaging in the insights, I actually don't wonder in insights sections of exchanges, I think not everything shared there is validated, as many scammers and manipulators will try to share some news that is only meant to spread FUD and create FOMO among users. That's why I used to say we should Do Our Own Research (DOOR) even if we want to engage in such sections, we should not forget to DOOR.

Self Analysis is what makes you more confident and if you are confident then you are good to go in trading mentally as well because trading might break one's mental health if done in the wrong way, therefore knowledge is what every trader needs before starting it, and knowledge will build confident and confident will make mental health more strong and make you more bearable.

PS: How much BGB you make by engaging in the insights of Bitget exchange? Can you disclose, I want to make an idea of how much it worth spending time there.

I believe in terms of insight, you won't make more from it if you don't have the basic trading knowledge yourself, so it's imperative to develop your skills before looking for insight.. in this case, insight becomes more of a support not something to live by, to your other question, the the bitget exchange insight thingy is kinda new and rewards are distributed weekly from the research I made.. I shared a link earlier that I found that could be of help..

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Quote from: Questat on February 26, 2024, 08:13:37 AM

Quote from: R1dwanRz on February 24, 2024, 11:09:50 AM

You know, trading strategies are the backbone of how any trader approaches the market. Whether you're into day trading or future trading, a good strategy gives you structure and a framework to make informed decisions.

I agree, that the shared trading strategies of many successful traders help you think how important it was. But the question is why some traders have never been successful even following experts or successful traders.
[...]

The answer is actually quite simple: the best strategy is worth nothing if you don't know how to implement it. Above all, trading requires very good risk management and very good self-control. In my opinion, the trading strategy itself even plays a subordinate role, but it definitely does not determine whether a trader is successful or not. If that were the case, bots would be unbeatable in trading - but they are not.

What's more, anyone can buy ready-made trading strategies on the internet. Clever salespeople even offer courses that make their customers "even more successful". In these courses, however, you quickly learn that it is not the trading strategy that decides whether you win or lose, but you yourself.

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Quote from: nurilham on February 25, 2024, 04:58:45 PM

Quote from: R1dwanRz on February 24, 2024, 11:09:50 AM

Lately, I've been seeing the importance of community and shared knowledge around trading come up a lot. Sometimes the best insights come from discussing charts, setups, and market sentiment with other traders. Since I'm posting this, I'm sure you guys will have some tips to share that I can use to trade more wisely.

Joining a community and sharing insights there are good ways to improve our knowledge in trading. However, we must have the basic of trading knowledge first before we are sharing insights there. If we have lack of the basic of trading knowledge, sharing insights won't impact much. It is because we must be confused which one should implemented for our trading. When we are sharing insights, there must be too many suggestions or tips for trading. As a trader, we must understand that it is not a must to apply all the strategies in trading, just choose the strategies that fit with our trading style.

some certain things most of us don't understand in in this community this community is a knowledge transmitter and whosoever that is in this community will understand the procedures and the beginning of Bitcoin and other things that is to the community of Bitcoin so therefore it is admirable that if you pay attention in this community we will understand things that is unknown to us because the absence of this forum is to impact knowledge to one another.

So for you to understand what you don't know in this community is based on observation and the seriousness that is the only elementary condition that you can use to know what you don't know in this community especially trading strategies in which most of us who come to the community of bitcoin talk go into, when we read previous discussions in this forum, we will see the diagram in which previous people use to perfect their business in Trading so it is left for anyone who is interested or who is curious in Trading to understand techniques of trading through this forum before venturing into it fully.... in summary observation is the key to understand threading the research is the second option to understand trading

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It may not be for everyone but I think it helps. Think of it like making your own trading style. It's about figuring out what works best for you like how much risk you're comfortable with, how much time you want to put in and what you want to achieve. Joining a community and using platforms is like getting tips from friends in the trading world. It's all about finding your groove and making trading work for you

Questat

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Quote from: R1dwanRz on February 24, 2024, 11:09:50 AM

You know, trading strategies are the backbone of how any trader approaches the market. Whether you're into day trading or future trading, a good strategy gives you structure and a framework to make informed decisions.

I agree, that the shared trading strategies of many successful traders help you think how important it was. But the question is why some traders have never been successful even following experts or successful traders. Maybe you are right that it was the backbone of trading but so many factors affect the end result of our trades - emotions and behaviors. Perhaps, these things cause major losses for many traders and even those having deep knowledge of trading but if we have been influenced by our emotions and bad behaviors, we ain't go far but end shortly.

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Before trading we should plan in advance how we will trade. There are usually several types of trading, we should choose which trading is safe for us and which type of trading we can comfortably do. Before planning what kind of trading to do, we need to be sure how much we understand about the business. Before doing any kind of trading we need to get enough knowledge about the business and after getting enough knowledge about the business we have to choose any trading medium based on our trading skills.
For a new trader I would always say that you start your trading journey with spot trading first rather than taking up futures trading in the beginning. Starting your trading journey with spot trading will increase your trading skills which will help you in future trading.

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