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Topic: Do You Compare Your Trading ideas with others ? - page 6. (Read 3483 times)

hero member
Activity: 1834
Merit: 523
Ideas of others is very helpful fof me and I have my own Ideas but without their Ideas I dis not create mine. There a good outcome if you using the trading Ideas of others but make sure it is really effective. Of course they have newbies knowledge is still not good so It's good for them to use it and  once a trader have enough knowledge they can create their own Ideas that is works for them. Comparing is not bad because you will get information from that can use it in trading to earn money and to become successful.
hero member
Activity: 2604
Merit: 816
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No, I never did that. I had studied many trading strategies of many people but at the end of the day, I suddenly realized my mind was empty. I don't see any value in reading so many strategies, it's messing up.
Since then, I have only learned about their way of thinking about the market, then I will plan my trading. That is how I can maintain discipline in trading.

It still better to learn by ourselves but we need to learn on other people strategy so we can improve our skills. Maybe it's difficult, but if you have more time to learn, I am sure that soon you will get the point. Sharing the ideas with others will be useful to find how to solve the problem that sometimes we face so we can find a way out of the problem. But still, the decision that we will make will be base on our analysis and not depend on other people so we can try to be responsible with our money.
member
Activity: 686
Merit: 10
No, i am not..i dont want to compairing my self to others just to make any competitions about of trading. And this is not a good way being a trader, coz when you have it you must learn by your own self and learn everything about of your mistakes, and to plan of your techniques and strategies on how to earn.

I think it is good that we compare our ideas with other not for the sake of competition but for the sake of getting more knowledge and improving ourselves. When you see the trading idea of other people, you will learn more and maybe apply that in your idea too.
Right if we will share our knowledge so we will gain more knowledge it will increase our abilities and skills. Sharing your trading ideas with other means you are trying to know what other people are doing. It gives more ideas and we learn better ways of trading. In trading I think no knowledge is enough you will always have to keep learning.

True. I do compare my analysis with others and study the possibilities. The more resources you have, the more inputs you consider the better.In trading, there are many tools to used and its better to consider others ideas and analysis for making better decisions.

Yes, sharing our ideas with others is always good because we can overcome the mistakes done by us. Trading has different techniques, each person will follow different analysis about it in order to book profits. In many cases, we might do a mistake and it is impossible to make profits every time.
member
Activity: 459
Merit: 10
No, I never did that. I had studied many trading strategies of many people but at the end of the day, I suddenly realized my mind was empty. I don't see any value in reading so many strategies, it's messing up.
Since then, I have only learned about their way of thinking about the market, then I will plan my trading. That is how I can maintain discipline in trading.
sr. member
Activity: 2436
Merit: 455
If he is really a professional trader, then exchanging ideas with him would be win win for you if you are not that professional yet in Trading. Exchanging ideas doesn't mean you are a failure, it means that you are willing to learn more because your knowledge have still a big space for more useful information that you could use in Trading or in your life, though finding a professional trader that would share ideas with you that have accurate result is a rare case scenario.

Most of the professional traders are low key and doesn't give a damn whether you suck at trading or not, they are just minding their own business as always.
hero member
Activity: 1582
Merit: 523
There are times that I really do compare my trading ideas to others because these way I can gather some techniques to correct my mistakes. At some point, I admit I still have a lack of techniques and analysis to do in trading. These way I can be a better trader and learn some knowledge from an expert trader.
hero member
Activity: 1414
Merit: 505
Backed.Finance
No, i am not..i dont want to compairing my self to others just to make any competitions about of trading. And this is not a good way being a trader, coz when you have it you must learn by your own self and learn everything about of your mistakes, and to plan of your techniques and strategies on how to earn.

I think it is good that we compare our ideas with other not for the sake of competition but for the sake of getting more knowledge and improving ourselves. When you see the trading idea of other people, you will learn more and maybe apply that in your idea too.
Right if we will share our knowledge so we will gain more knowledge it will increase our abilities and skills. Sharing your trading ideas with other means you are trying to know what other people are doing. It gives more ideas and we learn better ways of trading. In trading I think no knowledge is enough you will always have to keep learning.

True. I do compare my analysis with others and study the possibilities. The more resources you have, the more inputs you consider the better.In trading, there are many tools to used and its better to consider others ideas and analysis for making better decisions.
sr. member
Activity: 742
Merit: 397
I do compare my trading ideas with other traders that I know because that is how we can share our thoughts and knowledge to each other and that is how we do in order to grow into a better version of ourselves. I do compare it to see the other perspective of the other traders and it also help me to identify some mistakes that I have done since I am still a newbie in trading.
full member
Activity: 952
Merit: 104
to be honest, I have never compared the ideas or trading formulas that I have been able to with others,
I'm afraid to be hesitant in making decisions because I've seen and tried other people's ideas,
I have read many books related to trading, and I think they have their own characteristics,
do your own research, then develop your own characteristics is the best way.



Yes exactly mate, I agree with you difficult to compare the trading strategy into others for for every traders have an own style and self instinct for every analysis they made in their trading job.
hero member
Activity: 2464
Merit: 550
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I think there are lots of trading methods available and you should be able to apply some of these methods to be able to get a lot of profit, traders must be smart to read the existing chart conditions and after that you can apply several methods that you think are suitable, after that you can get information a good position to buy and sell coins.
full member
Activity: 560
Merit: 107
For me, yes, I compared my trading ideas to others because, at that point, I can get some new ideas about it. I am learning some new techniques that guide me and improving my trading skills. Yes, we can say that we have different skills, techniques, strategies, analyzed and leverages but you might see some ppl that similar to that thing that we do, and knowing their mistakes and learn from that so we can avoid some losses. Smiley
sr. member
Activity: 1002
Merit: 254
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No, i am not..i dont want to compairing my self to others just to make any competitions about of trading. And this is not a good way being a trader, coz when you have it you must learn by your own self and learn everything about of your mistakes, and to plan of your techniques and strategies on how to earn.

I think it is good that we compare our ideas with other not for the sake of competition but for the sake of getting more knowledge and improving ourselves. When you see the trading idea of other people, you will learn more and maybe apply that in your idea too.
full member
Activity: 798
Merit: 104
Its better to learn how to make a technical analysis and know what kind of trader who you are, personally I dont compare my trade to other and I'm staying away from any kind of free signal that you will see in the market specially in telegram apps.
legendary
Activity: 2912
Merit: 1068
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The main mistake that some users often make is to think that some strategy of successful trader will be good for them too.
It's good to share experiences but what works for one doesn't necessary be the best for other because everyone has its own possibilities, limits and goals. So sometimes you could be mislead by some trading example that doesn't necessary work for you.
sr. member
Activity: 1666
Merit: 276
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There is nothing to compare with others way of trading, because myself used to follow the simple trading rules. As I'm not into day trading or regular trading practice my capital into trading is small. Used to buy at some price and then open sell trade order at a higher price than buying price. It takes few days to get the trade executed and at times I don't get profit, but as it is not my primary source I'm not much into it.
hero member
Activity: 1568
Merit: 502
Nope.

Trading is like riding a bike or driving a car, so every time when you drive your bike or car on same road you will get different experience and results.

Everyone has a different mind with experience, intelligence, and knowledge so while trading many factors have to consider to predict the market movement.

I always prefer, own analysis for trading within the crypto market. I already tried many ideas some are good and some are very bad but after all money is nothing in front of knowledge.
full member
Activity: 664
Merit: 100
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I regularly read articles sharing knowledge about trading and always compare them with my trading techniques. I realise that my trading technique has many shortcomings, especially choosing Altcoin to be a portfolio is the hardest step. Through the sharing of trading techniques, I can see and fix my shortcomings.
full member
Activity: 1470
Merit: 103
COMBO 2.0
When you compare trading strategy with others is like planning to fail because you will be packing too many and at the end of the day Yours that might be the correct one might end-up getting twisted and you will confuse yourself so a word of the wise always think for yourself and nobody else
hero member
Activity: 2968
Merit: 687
Sometimes I do check other established traders' ideas about the market, but if I would setup a trading idea I'd never interfere their view on the market with mine. I just like to see how they think and maybe pick up some new concepts.
Nitpicking of ideas is always been my habit.I don't tend to use up entirely on their own idea yet I do have my own idea to use but you can get some part of it and yes its not bad to pick up some new concepts because the longer you trade the more experience and knowledge you do get.

If you do try to copy others idea it would just push you or stress you out.
Copying others idea completely might be perfect or most of the time it wont because there are factors which would differ on each personality
specially on decision making that's why it wont really be that similar from time to time.Combining all of your ideas that had gathered for a long time
being will be just like a puzzle that you do assemble it piece by piece and create your own way of trading.

I know that many traders use special trading chats created for this purpose, in which they share their observations and market research.
This very well helps less experienced traders get feedback from more experienced ones.
I think you yourself understand how much this can increase the level of understanding and analysis of the market.
We are seeing lots of chartings and analysis been shared of which is really good for you to make it as a preference when you are just starting
to learn up this market.Knowing the basics is the most crucial part because if you don't even know on how to read up a simple chart would
really be hard for you to proceed on.Just always have the time to read and find the terms when you encounter these simple charts where once you do able
to see it you will able to read and understand specially its indicators given.
sr. member
Activity: 1078
Merit: 256
I know that many traders use special trading chats created for this purpose, in which they share their observations and market research.
This very well helps less experienced traders get feedback from more experienced ones.
I think you yourself understand how much this can increase the level of understanding and analysis of the market.
Comparing ideas and make a good use out of it will be able to make a good impression to stand with assessment to take. It's your own understanding that matters but if others opinions can increase your skills selecting the right position to take, it can help you to improve your decision making from time to time. Analyze every single information that you may gather from experienced individuals or groups, it will be a good help in the long run.
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