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sr. member
Activity: 2044
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Vave.com - Crypto Casino
June 29, 2021, 06:18:01 PM
#28
If strategies and bots were to work for long time, nobody would go to their 9-to-5 jobs but sit at home, buy that strategy, put it on the charts and see the game. And if that would be possible, then every single trader in this practical world would have impractically hard cash as we see in Zimbabwe. If a strategy or bot would work for long time, nobody would sell them but keep using them for his own benefits.
Bots are working to some trader, it’s just like a human traders are not perfect always so don’t expect too much from BOT. Though, I don’t also believe to rely on a ready made strategy because you are just waiting your time there it’s better for you to learn on your own and use your own strategy, that’s way more effective and profitable. Trade at your own space, make your money worth it.
hero member
Activity: 3010
Merit: 794
June 29, 2021, 06:47:32 PM
#25
If strategies and bots were to work for long time, nobody would go to their 9-to-5 jobs but sit at home, buy that strategy, put it on the charts and see the game. And if that would be possible, then every single trader in this practical world would have impractically hard cash as we see in Zimbabwe. If a strategy or bot would work for long time, nobody would sell them but keep using them for his own benefits.
Bots are working to some trader, it’s just like a human traders are not perfect always so don’t expect too much from BOT. Though, I don’t also believe to rely on a ready made strategy because you are just waiting your time there it’s better for you to learn on your own and use your own strategy, that’s way more effective and profitable. Trade at your own space, make your money worth it.
Bot are man-made and there no way that bots could be always better than with the human brain but of course these are designed for automation then errors are less likely to happen.

Common wrong impression about bots is that majority is really believing that these are money makers for them without even thinking on whats the actual purpose on why these things had been created on the first place.

It is indeed a waste of time and money to buy up something that arent really that needed or relevant with your trading activity.Better create your own and would be more worth

if you do make trials and errors for yourself on which this way you could really enhance yourself.
legendary
Activity: 2618
Merit: 1105
June 29, 2021, 06:09:26 PM
#24
If strategies and bots were to work for long time, nobody would go to their 9-to-5 jobs but sit at home, buy that strategy, put it on the charts and see the game. And if that would be possible, then every single trader in this practical world would have impractically hard cash as we see in Zimbabwe. If a strategy or bot would work for long time, nobody would sell them but keep using them for his own benefits.
sr. member
Activity: 1176
Merit: 252
June 29, 2021, 05:31:32 PM
#23
First of all, the cryptocurrency market is a really volatile market, so buying any kind of strategy is hardly going to work for you, because any little thing can happen and the train you’re on will be derailed.

Yes, at first when you get the strategy, it might be working like the op has said, but since the market is a volatile one, it is not going to work at the end of the day. So it’s always beat to learn how to do it yourself, that you can tell when things are about to go wrong and then you can quickly make some changes to save yourself from losing your money. Relying on other people’s strategy is pointless. And that’s it.

It's reason for the sustain of the market.Another reason is holding of people.Many hold for the long period,it's reason for the volatile.When the price up,the holders will get good profit from it.So holding is essential one.You can trade at any point,in a upcoming trading you can easily earn the profit.Patience also important one.
sr. member
Activity: 2226
Merit: 347
June 29, 2021, 02:05:14 PM
#22
First of all, the cryptocurrency market is a really volatile market, so buying any kind of strategy is hardly going to work for you, because any little thing can happen and the train you’re on will be derailed.

Yes, at first when you get the strategy, it might be working like the op has said, but since the market is a volatile one, it is not going to work at the end of the day. So it’s always beat to learn how to do it yourself, that you can tell when things are about to go wrong and then you can quickly make some changes to save yourself from losing your money. Relying on other people’s strategy is pointless. And that’s it.
To think off that not all working strategy on some people would definitely working for you this is why its really hard to determine whether a said signal or trading strategy would actually work because this market had never been predictable on the first place on where people could sell out those strategies and telling that they do work? If it does make out some guarantee then they wont really be selling it on the first place.Its just a bullshit thing to think off that these things do exist because people would definitely spoil it on their own if it does. Actually most people who do get victimized with these things are noobs who cant just realized on how this market
works and how reality will slap out into their faces and they would surely realize those things on their own if they do actually touch up this very fierce market.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
June 29, 2021, 11:01:19 AM
#21
First of all, the cryptocurrency market is a really volatile market, so buying any kind of strategy is hardly going to work for you, because any little thing can happen and the train you’re on will be derailed.

Yes, at first when you get the strategy, it might be working like the op has said, but since the market is a volatile one, it is not going to work at the end of the day. So it’s always beat to learn how to do it yourself, that you can tell when things are about to go wrong and then you can quickly make some changes to save yourself from losing your money. Relying on other people’s strategy is pointless. And that’s it.
legendary
Activity: 2492
Merit: 1145
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June 28, 2021, 02:19:23 PM
#20
About free strategies from the Internet, which can be downloaded in the public domain, I think, and so everything is clear. These are totally useless strategies that don't and will never work. Only 5% (approximately) of traders are able to make money in trading. Is it really such a small percentage due to the fact that people are so stupid that they cannot download a ready-made strategy for making money on the Internet? Grin

In general, let's summarize. All free and purchased strategies are rubbish. Don't waste your time on this, you can never earn anything from these strategies. Short-term profits are not counted, because if you managed to trade in a plus for several weeks or months, this does not mean that you know how to make money.
I don't know if I'm one of the guys who are included in that 5% of traders who are able to earn money from copied strategies from the internet. I relied on the free knowledge I can get on the internet and I'm happy that I used it till now to earn money from trading, I can't agree that it is rubbish since most of the traders also rely on these strategies and there are just a few of them has their "own" trading strategy that they built. There are many who lose daily in trading but If sum up those who are on gains, I'm sure most of them used the common knowledge they see on the internet.
legendary
Activity: 2996
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Leading Crypto Sports Betting & Casino Platform
June 28, 2021, 11:02:32 AM
#19
Why even people buy at the first place? If someone have enough knowledge, they don't need it. If someone doesn’t have enough knowledge, they can't use it I guess.
There should be a third possibility which must be lack of time; it is like you might be having all the knowledge and awareness against crypto market yet you may not find time to develop your own strategy or you might have developed one but you are too busy to study its performance in real market. In this case, I guess people may go for buying a strategy.

I think usually people buy not trading strategies but the trading bots.
Bots are nothing but automated strategies. These days people are believing into bots rather than improving themselves for getting ready to trade on their own. I am seeing they are not that much wrong because after year-long preparation, still you will not be having any guarantee to make consistent profits then why you need to waste your time instead of going for bots immediately once you decide about trading because both of these might not be having any big difference in the end (with respect to consistent profit making).
hero member
Activity: 1358
Merit: 851
June 28, 2021, 10:52:36 AM
#18
Why even people buy at the first place? If someone have enough knowledge, they don't need it. If someone doesn’t have enough knowledge, they can't use it I guess.

And how can one build a strategy in crypto where yesterday price was 60K and today it become 30K after Musk's tweet and China's ban article?

It only works in stable kinda market and that's why I guess manual trade is better LOL.
hero member
Activity: 2352
Merit: 905
Metawin.com - Truly the best casino ever
June 28, 2021, 09:49:08 AM
#17
What strategies do these people buy? There is only one working strategy and that's: Buy Low / Sell High.
The problem is that people don't realize one thing: If person somehow has one working strategy, why would he/she sell it? And how can one build a strategy in crypto where yesterday price was 60K and today it become 30K after Musk's tweet and China's ban article? Can any strategy predict this? Any strategy follows the basic rule: Buy low and sell high and people have to just be very patient, trade rarely, only when there are good moments. If you have $50 and want to turn it into $50 000 then you come here with the wrong mindset.

I think usually people buy not trading strategies but the trading bots. These sellers know what people want: To earn money while having fun in the cinema, at parties, etc.

In our case, you can add that you don't know how to make money - start selling strategies.  Cheesy
Sad but true   Cry
sr. member
Activity: 2016
Merit: 283
June 28, 2021, 08:38:31 AM
#16
A strategy is a pattern that you can follow in order to make a profit, but that does not mean that all strategies are a waste of time. You must understand how the market works so that you can make the most of these strategies.
correct, making strategies is just a pattern that will lead us, or should i say that can give us an idea how to adjust every situation just to prevent risky situation while trading..  wherein it's doesn't mean 100 percent you're in a safe place because it always depends how the market works as well , so you need to make adjustments once market shows a negative results according to your strategy just to assure everything will be fine afterwards..
 
hero member
Activity: 2338
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Temporary forum vacation
June 28, 2021, 07:37:07 AM
#15
Why buying a ready-made strategy is a waste of money? I don't even want to talk about free trading strategies. You don't even need to spend your time on such, let alone money. Many newbies think that they can not spend years researching the market, but just buy a ready-made solution right away. After the purchase, money will immediately start earning on trading, right? Unfortunately no. Next, I will talk about manual trading strategies (excluding algo trading strategies, there is a slightly different approach)

1. If it is too good to be true,,, it is too good to be true.
2. If there was such a thing as a strategy that worked,,, then why is the guy selling it? First of all he does not need the money. Secondly,,, if he tells everybody the strategy then it will stop working for him.

I think people do share strats to discuss and learn more, that is a valid reason. But to make profit and help others get profit on auto? That does not exist:)
hero member
Activity: 2954
Merit: 796
June 28, 2021, 01:25:33 AM
#14
You also know everyone won't be professional in trading just like everyone won't be a professional in the area they make their source of living because there is what is called partnership in business.

Some people don't know how to trade but they have the desire to make money from it and can follow people who are in it as they have the capacity and capital, so they can even pay someone to use their strategy. A business company sells shares, employees other professionals to run the business and sometimes the real ideas to the business don't come from the owner. Trading can be another way to diversify your business or investment not necessarily that you have to be a professional but can still make money with little idea.

I read the content and AFAIK that OP is aware that not all traders are PRO that's why he come up on this discussion and guide for newbie. The main point here was to educate newbie to don't rely too much and paid strategies as it's a waste of time because they don't get any knowledge and experience which is vey bad for future development of newbie traders. I agree on OP at some point but this kind of ready made strategy has some disadvantage too especially for part time traders only that doesn't have enough time to full time. They can check whether the strategy is correct or not but having a basic knowledge on technical analysis.
hero member
Activity: 2660
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Vave.com - Crypto Casino
June 28, 2021, 01:20:20 AM
#13
You also know everyone won't be professional in trading just like everyone won't be a professional in the area they make their source of living because there is what is called partnership in business.

Some people don't know how to trade but they have the desire to make money from it and can follow people who are in it as they have the capacity and capital, so they can even pay someone to use their strategy. A business company sells shares, employees other professionals to run the business and sometimes the real ideas to the business don't come from the owner. Trading can be another way to diversify your business or investment not necessarily that you have to be a professional but can still make money with little idea.
hero member
Activity: 2702
Merit: 672
I don't request loans~
June 28, 2021, 12:15:40 AM
#12
Well tbf, trading strategies that are mostly spread out as "free" or whatnot are actually just the same usual stuff most traders use, the difference is just like you said, the way they use it. The comparison OPgave out about cards and martial arts was actually quite apt. Successful traders also use whatever strategies the internet has, heck most traders who did a bit of research would also probably know about it tbh.

Add on to that, paid strategies are in the end, just static strategies and would still require users to actually study and learn, so why bother buying if you were going to research in the first place right? Buying it in the first place was for the sake of making easy money without doing anything, but we all know that that's not how trading really works.
hero member
Activity: 2562
Merit: 577
June 27, 2021, 10:38:08 PM
#11
People buy this already made trading strategy for fear of losing money when they go into trading on their own, they feel secure and hope to hit better profit using this strategy but they seem to be forgetting that each trader has their own pattern of trading that works for them, this patter is developed as a result of continuous attempt and months or years of finding them, it is always better to develop this on your own as a trader rather than trying to cut corners to reach your goal,
Best experience is by learning which also includes failing and restarting to eventually get it right, the easy way out will turn out to be a loss of money if further knowledge is not added.
sr. member
Activity: 1162
Merit: 450
June 27, 2021, 06:53:36 PM
#10
~

Wait... some people still buys paid strategies and tutorials? Damn, there are already tons of FREE resources for any newbie traders to learn from and those strategies can befit your preferences and own-made ideas regarding your own trades. I don't know why people tend to be attracted by other trader's profit than their time learning how to trade and create their own strategy. But yes, it is really a dumb decision to make other strategies YOUR strategies jsut because you pay for them or the seller tend to tell you it will give you a huge profit back. There's still no easy money in trading, regardless of how much you pay for a huge step in learning how to trade.
hero member
Activity: 2534
Merit: 605
June 27, 2021, 03:56:29 PM
#9
A strategy is a pattern that you can follow in order to make a profit, but that does not mean that all strategies are a waste of time. You must understand how the market works so that you can make the most of these strategies. For example, the average price of the dollar is not a fading strategy.

In general, buying bots that promise to do everything and you earn money is a real waste of money.
Yes, when you buy any strategy or guide from the market, you will always find something good about it. I mean even the worst guides can teach you something if you have the right mindset to learn. I won't say all the guides and bots are useless but yeah sometimes not worth the money you spend and most of them will not help you achieve the motive, that is, to earn money.

When I was new to the online market, I used to spend a lot of time on various forums and used to buy ebooks and guides for making money and although none of them directly served the purpose, I learned a lot about money making online. So while trading guides and strategies will not help you most of the time, some of them might be worth the knowledge they contain.

I would have never understood blockchain if I didn't spend money on an e-book that was meant to give ways to earn BTC online but instead it gave me good knowledge of what a blockchain and public ledger is.
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
June 27, 2021, 01:21:24 PM
#8
Got to say, I agree with almost everything being said in OP.

There are 2 points I would put for people still unsure why guides and ready-made strategies don't work.

1- No successful trader will actually sell their method because with sharing methods, comes a time when the market is saturated. No one would ever want to saturate their working method.

2- If one sells a method, it probably doesn't work or it is short-term, if even you get a working method to earn with trading, it would have a limited span that it would work.

Guys remember every competitive advantage has a lifespan and if you can't learn with time you will fall behind and this is why buying any kind of method from the market will either not work or will work for a short period. To earn continuously, you need to innovate, improvise and at times learn from others but you won't get at any cost, a method that works for a lifetime without the need for improvement in it.
legendary
Activity: 2436
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June 27, 2021, 08:57:57 AM
#7

In general, let's summarize. All free and purchased strategies are rubbish. Don't waste your time on this, you can never earn anything from these strategies. Short-term profits are not counted, because if you managed to trade in a plus for several weeks or months, this does not mean that you know how to make money. The market phase will change and you will start losing money. The most reliable and proven trading strategy is the one that you created yourself. Only you. A strategy that will be based solely on your vision of the market, on your thinking and on your psychology, will bring you success and money. The rest of the "ready-made" solutions will lead to losses. They can also instill in you a false sense that everything works, it's just that you were in a hurry last time. Learn to think only with your own head. Someone else's thoughts, in the form of a strategy, work only for the creator of the strategy, not for you. And do not forget the old wisdom: If you do not know how to make money, start learning.


The strategies works sometime when the market condition is good/bullish. For example before 1-2 month ago market condition was very good and any strategy worked well that time. But this is not a good strategy which only works in bullish market.

The main reason of buying those trading strategies is, those people have not confidence on themselves. They can not believe their decision as positive.
legendary
Activity: 3178
Merit: 1054
June 27, 2021, 08:31:11 AM
#6
You don't expect every traders to be that pro to develop their own working strategy. No man is an island, so every strategy is drawn from the context of other strategies. You need to know how strategy works inorder to develop your own. Just like Bitcoin and it's interface, altocoins are developed from such concept, alining to the close context and interface of Bitcoin which is the foundation of other cryptocurrencies.

Buying already made strategy is not the best but it can also contribute to one success which can be modified to suit one's trading challenges. Trading strategies can help traders to make good profits from the market but is not the ultimate requirement for a successful journey. Discipline, experience and trading psychology all help to build a wonder trading career without relying most on the strategy in particular. Every successful traders surely as stories of the tough and slim time of their career

i'm actually one of those who only copied strategies from someone who did some tutorials in the past and then gradually i learned that it doesn't work all the time. but that strategy that i followed was the basis of what how i'm trading, his concept is still a reference particularly the RSI, Concavity and Logarithmic Moving Average. the very basic strategy turned into complex over time because of the free strategy that is introduced to me.
sr. member
Activity: 1848
Merit: 341
Duelbits.com
June 27, 2021, 08:20:45 AM
#5
I think for those who are really serious and want to improve their skills in mastering trading strategies that are not a waste of time. because for me they have been aware of the calculations and the benefits they get from it. It's just that for those who don't want to understand more about trading strategies, they think it's a waste of time and money.
everyone has a different way of thinking. depends on our capacity to understand how important and useful trading strategies are.
legendary
Activity: 2702
Merit: 4002
June 27, 2021, 08:16:24 AM
#4
A strategy is a pattern that you can follow in order to make a profit, but that does not mean that all strategies are a waste of time. You must understand how the market works so that you can make the most of these strategies. For example, the average price of the dollar is not a fading strategy.

In general, buying bots that promise to do everything and you earn money is a real waste of money.
sr. member
Activity: 897
Merit: 284
June 27, 2021, 07:52:13 AM
#3
You don't expect every traders to be that pro to develop their own working strategy. No man is an island, so every strategy is drawn from the context of other strategies. You need to know how strategy works inorder to develop your own. Just like Bitcoin and it's interface, altocoins are developed from such concept, alining to the close context and interface of Bitcoin which is the foundation of other cryptocurrencies.

Buying already made strategy is not the best but it can also contribute to one success which can be modified to suit one's trading challenges. Trading strategies can help traders to make good profits from the market but is not the ultimate requirement for a successful journey. Discipline, experience and trading psychology all help to build a wonder trading career without relying most on the strategy in particular. Every successful traders surely as stories of the tough and slim time of their career
legendary
Activity: 1512
Merit: 1218
Change is in your hands
June 27, 2021, 06:57:57 AM
#2
Quote
In general, 99% of successful crypto traders are unlikely to sell their strategies. Because their strategies are their earnings. Why should they breed competitors? They are doing well even without selling the strategy. They know how to make money, why do they need these extra worries in the form of sales. Every successful trader knows the value of his trading strategy. He knows what he had to go through, all these nerves, loss of money, numerous hours spent on charts. He knows the true value of his secrets.

Well if you think about it, it should be the total opposite actually. Given we believe the markets work on the basis of supply and demand, If "strategy A" gives out a buy signal and 1000 people follow it and start buying, it should create buy pressure in the market no? 1 person vs 1000 should actually increase the odds of that strategy actually working out, why do people think it's otherwise and a good "strategy" should be kept a secret? If you think logically about it, it should be the total opposite. Just like a pump and dump group, There is a logical answer behind why these strategies don't work out when the public starts following them, I will hold the answer for now and wait for other people to see if they can come up with an answer.
hero member
Activity: 517
Merit: 11957
June 27, 2021, 06:12:43 AM
#1
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