Topic: Do You Compare Your Trading ideas with others ? - page 8. (Read 3483 times)
I usually do this since many groups shares their ideas about a specific coin and they share some movements of a specific coin but of course I don't follow them since I'm making my own trading research. If you keep on comparing your work with the others you might be confuse on what to follow, so my advice is to focus on what you have and focus on your skills, if you are not confident about your ideas then don't trade.
It is really amazing how others get succeed in trading but I don't and I'm still losing. It brings into our mind to ask how they did it and we can make a mirror with them. It is likely to know their strategy and so we can compare and find out what is wrong with mine. This is also a way to improve and develop our knowledge base of what others do and for the chase of their success.
I usually do this since many groups shares their ideas about a specific coin and they share some movements of a specific coin but of course I don't follow them since I'm making my own trading research. If you keep on comparing your work with the others you might be confuse on what to follow, so my advice is to focus on what you have and focus on your skills, if you are not confident about your ideas then don't trade.
If you don't have confidence it will be hard for you to succeed from this industry, trading is tough and comparing your ideas to others will bring confusions sometimes it can help you to build much better strategies but most of the time it won't and will only cause you trouble deciding what directions to take. You need to be more specific and stay focus with what you already have, you can share it but keep the way as it is. 
Actually yes at the beginning when i was new to trade but after that I just make a trade by my strategy with my experience. I just thought that being a trader is not about we must have a board startegy I mean we shouldn't learn what other people did when they are trading but we must have one or two strategy that can be relied by us. Because to start new strategy and we applied it with real trading (which mean we spend our money) it can be risk and most of the cases we just make a loss and I don't need that. So, I just pick the strategy that I mastered it to do in my whole trade and it is work for me thus far.
We must pay attention what other people do and their predictions about the future price movements. There are more experienced people and their voice should be heard. But we can`t
make decision based just on that, we need to know how to do our own research and make our own decisions.
But who master some strategy and who makes money should stick with it and not changing it as long as it`s working. With that I agree, why to change something that works good for you
and that makes profit for you.
Actually yes at the beginning when i was new to trade but after that I just make a trade by my strategy with my experience. I just thought that being a trader is not about we must have a board startegy I mean we shouldn't learn what other people did when they are trading but we must have one or two strategy that can be relied by us. Because to start new strategy and we applied it with real trading (which mean we spend our money) it can be risk and most of the cases we just make a loss and I don't need that. So, I just pick the strategy that I mastered it to do in my whole trade and it is work for me thus far.
I never compare my trading ideas with others, but I use their ideas to find what might work for me. I know that if we are only using their ideas without making my own analysis, it will difficult for me to make a profit because I don't have any info about how they analyze the chart. But if I can use their analysis, then I think I can find more interesting info about what is happening in the market, and I am sure that will only work for me. I already join in some telegram channels, which is given the free signal to their member, and I see that some signs were from the paid service. Although I get more information from them, I still analyze to find more for me.
You know, we have a chat in telegram and we are trying to share our trading ideas, so yeah, it is important for me to listen other people, their thoughts on future movement of each asset and in these discussions I catch sensitive info and fresh trading ideas
May be you share the ideas in telegram. But I always listen whalepool group in telegram, Because more than 17k traders are available in this group so we can predict and choose easily. Everyone have little different prediction so we can find the best attachment is our own risk. I hope everyone think some techniques in trading platform. [-snip-]
No i don't compare my trade idea with others. because i'm not comfort with that. It's fell like, teachers check on your exam paper in exam hall when you try to solve a math..
Anyway i strongly prefer not to join any kinda signal group. You can't learn from there anything, they'll just use you because of their own profit, nothing else.Following other TA is not a good thing also i guess. If you are want to be a good trader i prefer that learn yourself. Do mistake but don't be a hopeless. You only learn when you do mistakes or take a wrong decision. People don't tech you everything, if you really be a professional trader then take time, learn, do mistake, learn from your mistake, be patient, don't be a greedy, be honest with your work and at the end satisfy with your daily profit/losses.
I do compare it. I like to see if maybe there's something that I missed or maybe there's a good idea that I should follow. I never do what others are telling me to do without rethinking it and comparing it with a number of other charts. I don't day trade so I have a lot of time to rethink my moves. Don't get too excited in trading or you will fail.
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I recommend staying away from these paid groups. Instead, I would lurk in the cryptocurrency chat on Tradingview.
Well, you have got a point there, I also don't trust the paid signal group and those pumps and dump groups. Because if you use their pattern there is a possibility that you will be left behind on their forecast. I mean only a group leader will bring more benefits than the member because they knew when exactly to pump or dump. Comparing to others pattern is not bad but don't rely on them. You should have your own research.I recommend staying away from these paid groups. Instead, I would lurk in the cryptocurrency chat on Tradingview.
hang out with Tradingview crypto chat than into any other telegram or discord groups.
They are giving out something good or just simply having those shady motives specially to newbies.You can spot it out if you are experienced enough.
[snip]
I recommend staying away from these paid groups. Instead, I would lurk in the cryptocurrency chat on Tradingview.
Well, you have got a point there, I also don't trust the paid signal group and those pumps and dump groups. Because if you use their pattern there is a possibility that you will be left behind on their forecast. I mean only a group leader will bring more benefits than the member because they knew when exactly to pump or dump. Comparing to others pattern is not bad but don't rely on them. You should have your own research. I recommend staying away from these paid groups. Instead, I would lurk in the cryptocurrency chat on Tradingview.
I guess OP is trying to get some interested to join his paid signal but for me I wouldn't even if my trade is bad. There are some paid group that give signal and they are also very good. On overall, trying to work the strategy out by yourself, is better than always waiting for signal to be sent.
FYI this is a not-so-subtle advertisement for a paid signal group.
The OP actually brings up a good point though: it's extremely useful to consider the analysis of other traders. Not so you can copy their trading plan (that usually doesn't work very well) but so you can challenge your own biases. If you do TA in your own bubble, it's easy to get married to your own ideas and start fitting the chart to your expectations. That's the road to failure.
I recommend staying away from these paid groups. Instead, I would lurk in the cryptocurrency chat on Tradingview. Like any trading/investment forum, take everything said with a grain of salt. But I learned a lot about trading and gauging market sentiment over the years in that chat. Lots of good traders and good ideas come through there. And it's all free.
The OP actually brings up a good point though: it's extremely useful to consider the analysis of other traders. Not so you can copy their trading plan (that usually doesn't work very well) but so you can challenge your own biases. If you do TA in your own bubble, it's easy to get married to your own ideas and start fitting the chart to your expectations. That's the road to failure.
I recommend staying away from these paid groups. Instead, I would lurk in the cryptocurrency chat on Tradingview. Like any trading/investment forum, take everything said with a grain of salt. But I learned a lot about trading and gauging market sentiment over the years in that chat. Lots of good traders and good ideas come through there. And it's all free.
If you trading strategy works so well why then do you need sell it to people in low-budget way? You're are even considering going on vacation,lol.
OP specifically created this account to promote what is likely thesame trading signals. If the Signal works as he said he would have retire from advertising it on a newbie account for free
OP specifically created this account to promote what is likely thesame trading signals. If the Signal works as he said he would have retire from advertising it on a newbie account for free
Sometimes yes because in my opinion i want the best results from my trading activities so sometimes i compare my method to other traders and if someone else's method is better than mine then i will following them and i personally consider comparing the method how to get profit to other traders isn't always be bad because i will get new knowledge from it
Of course, it is not and there is no wrong with that. Knowing the other's strategies is not about copying their strat but it is for us to develop and create our own strategy. We can't easily learn in trading on our own, it is in great if we have something to mentor us in the early stage of our trading carrier and guide us for better trading experience. However, it is also our call to follow or decline what they teach us if we think that it is not right or of having difficulties.
Sometimes yes because in my opinion i want the best results from my trading activities so sometimes i compare my method to other traders and if someone else's method is better than mine then i will following them and i personally consider comparing the method how to get profit to other traders isn't always be bad because i will get new knowledge from it
I do.
If not then it will be difficult to have a basis.
I think comparing it with others is one of the good thing as being an optimistic trader.
Your own analysis may be wrong for some time or a lot of times.
Therefore, you could somehow compare it with others if you are still on the right path.
If not then it will be difficult to have a basis.
I think comparing it with others is one of the good thing as being an optimistic trader.
Your own analysis may be wrong for some time or a lot of times.
Therefore, you could somehow compare it with others if you are still on the right path.
There's nothing wrong if you compared to others work, at least you know if there's wrong you can correct those stuff. I know we had different frame in using technical analysis but we are the same using graph and references. Much better if there are a groups that discussed regarding TA on the market so that you will know furthermore. Group study is better than solo study, sharing ideas to each everyone but of course, just always do research and don't rely with anyone else.
I read some of them, I take those as a guide, I take those as a reference but not the usual comparing it to my own ideas since it might result in confusions on my part.
Maybe it depends. Sometimes I see wonderful trading ideas while sometimes just a pure non-sense.
Maybe they are successful with those ideas but following them easily might give us different results. I'd rather trust my own.
There's really no point for me to compare my TA to another person's TA since we both use different time frames and aproach in doing analysis. Also, technical analysis is just a guide; what matters more is the execution in which is should be on time. Lastly, the person's best TA won't be shared to anyone; otherwise it could be ruined by others specially if the market is too volatile.
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