Topic: Do You Compare Your Trading ideas with others ? - page 4. (Read 3483 times)
Sometimes I discuss my trading idea with others, but I never reveal my secret strategy in trade. For example, most of the traders suggest buy low and sell high, but this is not a very helpful strategy for new traders. Therefore, traders don't like to reveal their favorite coins. Like if someone asks me which coin to buy, I will suggest to him BTC, ETH, LTC, BNB and so on. Because these coins are stable and investment is safe here! At the same time, when I am trading with VERI coin and making profits! So, overall, I want to say that most of the traders won't tell you their trading idea, you have to make your own strategy.
No man knows it all so comparing trading ideas and strategy should not be a bad one. I for one compare my trading ideas with other traders as i am deficient in technical analysis so i need to supplement my area of weakness and fix which ever part am not doing well. Sharing trading ideas helps one to learn fast
Yes I do that, I compare it because I want to see if we have the same analyzation. If I see an expert trader with the same idea as me it boosts my confidence to trade and it means I'm on the right path. If I think they have a better idea I test it myself and see if it will suit my trading style.
Yeah, I am always in my own way. Don't usually share the pros and cons with others. But if I get stuck somewhere then take some help from other experts.
I don't think so, most traders don't want to provide portfolio information and their tips or tricks. If there is enough it helps to share useful information especially for newbie traders like me. From my experience such information is inaccurate and sometimes only contains Fud information.
As you said, most but not entirely all traders, many people may not like to share their information and ideas, even if they share, it will be a trap to promote their investment, however, some people will often share their knowledge with others, in return, they will receive the knowledge and ideas of others. Of course, these trading ideas will not be shared publicly, I see that most of these ideas come from individual groups, everyone involved in the group needs to discuss contributing, compare with their ideas, we will improve the shortcomings i do compare with my friends, it help me to correct my mistakes sometimes and sometimes my friends learn something out of mine.
Sometimes sharing sessions are very important so you know which parts you need to fix. it can increase your knowledge of trading and enrich the strategies you can have, you can exchange ideas and many other things. I often do that with my friends, sometimes I and my friends trade and analyze together. the result is far better than just playing alone. 
I don't think so, most traders don't want to provide portfolio information and their tips or tricks. If there is enough it helps to share useful information especially for newbie traders like me. From my experience such information is inaccurate and sometimes only contains Fud information.
You see a lot of trading idea based thread in this forum, there are a lot of ideas you can get from here, not only that but also you could avail of many important related documents available here. but the question is how you could get this? If you want to start trading then you must have self-assessment in terms of trading and investment, so you can follow other's thinking in a customized way. It's true when starting trading then I asked so many people who are doing well and they also shared a lot of dimensions regarding trading, So you have to select your category and find some people whom you trust, but doing anything in your own way is the best for anything. so you have to make your own strategy and then follow your idol in a trading platform.
Absolutely yes, we are so lucky that in this generation, we have so many tools to do so. And one amongst those is Facebook. As there are some really amazing Crypto Facebook Groups available, as with them you can share/exchange ideas. It’s not always necessary for one to follow them completely, but just having these things in back of your mind helps a lot. So this is really what we are required to keep eyes on to manage right.
There is so much information flow in the market that it is impossible to follow everything. In this case, we need to define a specific area. Otherwise, there is no way that our energy is enough.
To get more information and advice, I often miss some important information about the crypto market, so I often ask in several groups that I follow to get important information that might change my portfolio, but here I often process suggestions and do not include just any suggestions which is unclear.
Comparing trades is not a bad idea, if you do it to learn, from mistakes, for how to improve, or even to simply yearn for something better. However, comparing can also be destructive if done in such a way that breeds envy and greed.
Remember that the grass will always be greener on the other side, the secret to success and happiness is being content with what you have.
We need to understand this concept that if we trade as a team, we have many minds working for same goal and if one domain is by chance missed by one person, others are there to cover it. I have seen many traders working together because of this very reason. Moreover sharing knowledge helps you in learning more. Remember that the grass will always be greener on the other side, the secret to success and happiness is being content with what you have.
Its not bad to compare trading ideas if you want a winning strategy its a common method if you are a beginner and don't know much about how the market behaves. By that way you will learn and gather more informations that can help you formulate your own strategy, best if you follow the right people in the trading world.
Sometimes I compare my trading ideas with my friends so we can have more clue about the market, and that helps us to determine the current situation.
Maybe it's not too detailed, but it gives another vision about the market so we can determine what step we need to do.
If we cannot find something, then we decide to stay calm for a while and seeing the market moves.
Sometimes, we find other people's ideas, and we analyze together to find additional information from that person that can help us to make a decision.
But that does not always work because sometimes our analysis can be wrong because the market is moving without we can expect.
Maybe it's not too detailed, but it gives another vision about the market so we can determine what step we need to do.
If we cannot find something, then we decide to stay calm for a while and seeing the market moves.
Sometimes, we find other people's ideas, and we analyze together to find additional information from that person that can help us to make a decision.
But that does not always work because sometimes our analysis can be wrong because the market is moving without we can expect.
Comparing my ideas will help us to acquire more knowledge in technical skills because without sharing it is impossible for us to find the mistake done by us. Everyone will make mistakes, but in order to rectify, we have to share those with our friend who has very good experience of trading.
i do compare with my friends, it help me to correct my mistakes sometimes and sometimes my friends learn something out of mine.
I don't hold any ideas in trading but I gather different ideas from different traders at tradingview. Since I'm not good in telling TAs then I consult on every traders that gives their personal opinion on a market. And I will compare different people's idea that has same point of view. For example, trader A says that bitcoin will go up, trader B says bitcoin will go up also. If majority of TAs are like that then that's the time I would buy.
I do my own technical analysis before checking out what others traders are thinking of the market because I don't like to be dependent on others or influenced by them before I make my own analysis. For the paid signal group or even the free I don't use them, I'd rather listen to someone on youtube giving his own thoughts on market than receiving a signal to buy or sell.
In my opinion comparing trading ideas is very necessary to get the best decision. By comparing the analysis techniques that we have
with other people also positive actions, because by making comparisons you will find similarities and differences. Well from there we will
can conclude the strategic decisions that we will run. Usually after I compare the strategy with others, will find the point of error that
I made. So you can correct the mistake so that when trading can take the right decisions and can make a profit.
with other people also positive actions, because by making comparisons you will find similarities and differences. Well from there we will
can conclude the strategic decisions that we will run. Usually after I compare the strategy with others, will find the point of error that
I made. So you can correct the mistake so that when trading can take the right decisions and can make a profit.
Yes. I also compare my trading ideas or strategies to others because it may be useful in my future trades and for me to enhance my trading skills as well. Many of us finds trading really difficult, that is why having some research and asking questions in other traders will be very helpful for you, so all of your trades will be worth it.
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