Topic: Do You Compare Your Trading ideas with others ? - page 2. (Read 3461 times)
I do compare my trading ideas with other, I want to know what is the reason and explanation behind the technique, if there is something logical then I will implement that part into my next strategy,not all trading ideas could go well with your strategy but by learning and compare more option then we can find the best formula for trading
Well, I've read your whole post and I agree with some points but the whole thing that I want to mention here is, we are in competition with anyone not even with the markets. So, it's not pretty good to compare your trading ideas with others. By the ideas doesn't make money for you if you can't execute your traders properly on a consistent basis.
You made a good point. The market doesn't just work based on a single person's opinion. You, me and everyone decide when it goes. So checking out other people's ideas/opinions can you an overview and overall sentiment ( especially if you checked out several ideas and opinions) of where the market is going. More often that not, when a lot of traders are looking at a level, It does become a self-fulfilling prophecy. So It's recommended to check out ideas of others. Then make your own analysis as well and then compare it. Finally make a decision. Rhat should give you an extra edge instead of going in blindly.
opinions or ideas from other people can indeed add to the knowledge we will get, especially for beginners who are not accustomed to dealing with market conditions. Therefore, to become a professional trader, we must be able to combine the brilliant ideas of others to be able to practice, but the analysis done by ourselves is certainly much better because all the decisions we make in trading certainly will not depend on someone.
Just on comparing with other traders we aren't gonna get any profit out of the same. I used to go through the trade pattern being followed by other users. This will help in making better decisions choosing the respective asset for trading. My trading idea is very simple, I follow buying low and open a sell order for an increased price. Until the trade gets executed I used to maintain patience.
From my experience one can make himself good in trading just by learning the basics as well as the way to study the market changes. Further it is ones own ability to experiment with small investment and learn out of the same, which is the best way to master trading.
From my experience one can make himself good in trading just by learning the basics as well as the way to study the market changes. Further it is ones own ability to experiment with small investment and learn out of the same, which is the best way to master trading.
It's important to check how other traders are going to react to your ideas because that will definitely have financial implications for you when you put your idea to action in real markets.
Usually if your approach is already well known, agreed upon and in use by a considerable number of people, it's a good sign that it won't lead to any trading edge. If on the other hand the general outline of the idea (without disclosing your strategy) is leading to provocative outrage and heavy criticism, that idea might lead to tremendous profitability.
Usually if your approach is already well known, agreed upon and in use by a considerable number of people, it's a good sign that it won't lead to any trading edge. If on the other hand the general outline of the idea (without disclosing your strategy) is leading to provocative outrage and heavy criticism, that idea might lead to tremendous profitability.
I prefer to compare my trade with other people's trading on the condition that he is professional and expert and always profitable, with the reason as a correction of my shortcomings in trading and will be my lesson, experience can also be gained from ourselves and we also need to get from people and for comparison and consideration when I trade so that I can become a profitable trader.
In some point, there's a lots of benefits from people who really knows how the industry works out and how they can manage to execute very well. Comparing to those who have a good understanding and skills that can be shared you will learn the proper ways of investing to this market, your money will be much safer when you find ways to gather more ideas for much better business.
yes in my country a lot of copy traders alias use trading signals, they are willing to pay hundreds of usd just to give a signal, in my opinion it's not wrong because they want to profit without loss, but there are many elements that deceive members of the trading signal to get profits, okay we skip that problem, because depending on the thoughts of others will not make us successful, we must be independent and dare to take steps, maybe we should practice directly so that we get knowledge, not only copying traders but also true traders
Well, I've read your whole post and I agree with some points but the whole thing that I want to mention here is, we are in competition with anyone not even with the markets. So, it's not pretty good to compare your trading ideas with others. By the ideas doesn't make money for you if you can't execute your traders properly on a consistent basis.
You made a good point. The market doesn't just work based on a single person's opinion. You, me and everyone decide when it goes. So checking out other people's ideas/opinions can you an overview and overall sentiment ( especially if you checked out several ideas and opinions) of where the market is going. More often that not, when a lot of traders are looking at a level, It does become a self-fulfilling prophecy. So It's recommended to check out ideas of others. Then make your own analysis as well and then compare it. Finally make a decision. Rhat should give you an extra edge instead of going in blindly.
I prefer to compare my trade with other people's trading on the condition that he is professional and expert and always profitable, with the reason as a correction of my shortcomings in trading and will be my lesson, experience can also be gained from ourselves and we also need to get from people and for comparison and consideration when I trade so that I can become a profitable trader.
Well, I've read your whole post and I agree with some points but the whole thing that I want to mention here is, we are in competition with anyone not even with the markets. So, it's not pretty good to compare your trading ideas with others. By the ideas doesn't make money for you if you can't execute your traders properly on a consistent basis.
I have never compared my trading ideas with others because since then, I've been only applying the basic strategy of trading which is to buy low and sell high. I don't rely my decisions with trading signals and charts because none of it could really predict the future prices accurately. I have professional crypto trader friends who have been helping me and giving me advices regarding trading which is actually helping me a lot. We could seek advice and guidance from trading experts that we trust.
You know, I respect technical analysis and various trading strategies. But the situation is such that different traders can interpret this or that trading pattern on the chart differently. Therefore, analyzing the conclusions of many traders about how the market will behave can take a lot of time and confuse me. Therefore, I think that the best solution is to peep on the advice of a couple of successful traders and analyze the market yourself. Paid groups of trading signals of course can give valuable information, but here you need to resist the temptation to buy more than it should, thinking that the trading signal will be one hundred percent profitable.
It is better to stick in asking for an advice from the successful traders rather than relying on the trading signals from a paid group. It is more profitable in the long run and it will cost less if you will trade and decide by yourself and not from the signals. If you are a newbie, learn to humble yourself that you don't know enough to be profitable so you should continue to learn from the successful traders and adapt their strategy.Dont push others ideas to work on your side because each of us do have different perspective while we trade.Decision making and intuition is entire different on each individual.
You know, I respect technical analysis and various trading strategies. But the situation is such that different traders can interpret this or that trading pattern on the chart differently. Therefore, analyzing the conclusions of many traders about how the market will behave can take a lot of time and confuse me. Therefore, I think that the best solution is to peep on the advice of a couple of successful traders and analyze the market yourself. Paid groups of trading signals of course can give valuable information, but here you need to resist the temptation to buy more than it should, thinking that the trading signal will be one hundred percent profitable.
Those discrepancies between the opinions of different traders are to be expected, there is not an indicator or combination of indicators that can tell you what direction the market will take with perfect accuracy, some indicators are more precise than others under different circumstances, and while a trader may see the possibility of a bull market because a series of indicators points towards that direction another trader will use some other indicators that point towards a bear market. 
You know, I respect technical analysis and various trading strategies. But the situation is such that different traders can interpret this or that trading pattern on the chart differently. Therefore, analyzing the conclusions of many traders about how the market will behave can take a lot of time and confuse me. Therefore, I think that the best solution is to peep on the advice of a couple of successful traders and analyze the market yourself. Paid groups of trading signals of course can give valuable information, but here you need to resist the temptation to buy more than it should, thinking that the trading signal will be one hundred percent profitable.
I do not compare, but if I see and analyze other types of strategies, I have my way of seeing and understanding the market, when I see other analyzes, especially from AT I realize that there are many Influencers who do not follow their own advice, some just You are interested in selling your courses or signals, and the signals are based on AT only.
When I get some analysis in tradingvew that have studied the volume, they have considered the order book, which is not such a small fractal, that is where I analyze what the person wants to transmit, because trading has many interpretations, and each person has a notion of market, sometimes ideas are clarified with those of others.
When I get some analysis in tradingvew that have studied the volume, they have considered the order book, which is not such a small fractal, that is where I analyze what the person wants to transmit, because trading has many interpretations, and each person has a notion of market, sometimes ideas are clarified with those of others.
I am very bored seeing the signals from the group, because they sometimes only give false signals to trap us. I better just focus on what I think without looking What people say. I only trade with what I learn by reading various issues about the coins I trade.
Signal sometime we just buy coin that other people already bought. From what i see it is get pumped because new people keep buy it and hope for higher price. Who late will lose, the system is simple like that. Maybe if people know about it, it is better to missed a moment of short pump than stuck in high price.This is why I hang out in this section. Although lately there's not been a whole lot of discussion on trading tactics, you can seldom find some good information from other people that seem to know what they're doing. I don't care who you are, there's always more to learn. So, the ability to have other people show you what works for them is brilliant. It's like they say, two heads are better than one. All of our heads together is even better.
I wish I could find someone who has the same interest like me in trading, right now, I am just doing it my own and join online trading channels to improve my knowledge but it's different when you can see someone close to you who are trading because you can both compare and improve together. Thus far, I am still successful despite of being alone but of course as a trader I want more success and more consistency so I can bag more profits.
This is why I hang out in this section. Although lately there's not been a whole lot of discussion on trading tactics, you can seldom find some good information from other people that seem to know what they're doing. I don't care who you are, there's always more to learn. So, the ability to have other people show you what works for them is brilliant. It's like they say, two heads are better than one. All of our heads together is even better.
Yes, as I am not that expert in trading so I need ideas from other people, especially from experts, I used to follow charts of experts in trading view. Sometimes, if there is conflict, I do stick to my chart, but when if I was wrong, I am analyzing how they got their chart so I am considering it in my next chart. I am not pro, so still need a lot of experiences.
I am very bored seeing the signals from the group, because they sometimes only give false signals to trap us. I better just focus on what I think without looking What people say. I only trade with what I learn by reading various issues about the coins I trade.
Don't take a trading position when only getting information from the Trading Channel. you better find a fellow trader to share indicators and also learn about trading. rather than following the directions of the Channel which cannot give us instruction on how to independently trade only on them 
I am very bored seeing the signals from the group, because they sometimes only give false signals to trap us. I better just focus on what I think without looking What people say. I only trade with what I learn by reading various issues about the coins I trade.
Signal sometime we just buy coin that other people already bought. From what i see it is get pumped because new people keep buy it and hope for higher price. Who late will lose, the system is simple like that. Maybe if people know about it, it is better to missed a moment of short pump than stuck in high price.Jump to: