To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.
So long as we remain humans there is always the chance of human error. If human error does not exist at the point of beginning due to consciousness human error may come in later maybe due to laxity, or even emotional imbalance. If you're following in the steps and copying it to signals of high-profile traders always have it at the back of your mind that is always the possibility of human error and the analysis, and they can also make wrong calls, so do not trust completely and always.
Topic: How do you feel about high-profile traders making wrong calls ? - page 3. (Read 650 times)
February 23, 2024, 07:58:10 AM
February 23, 2024, 12:13:27 AM
As for the traders mentioned, it remains to be seen how their positions will be closed. Personally, I don’t yet have absolute confidence that they will lose. Overall their deals look reasonable. As for me, Bitcoin is now at a local top and needs a good correction for further upward movement, if, of course, this upward movement occurs at all. In addition, March is coming up - quite a bearish month for Bitcoin. In addition, halving is ahead - and this is also usually the reason for high volatility. I would evaluate the trading results only after the position is completely closed. After all, a position can last a long time. It can also be averaged for quite a long time.
February 22, 2024, 06:52:52 PM
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.
So long as we remain humans there is always the chance of human error. If human error does not exist at the point of beginning due to consciousness human error may come in later maybe due to laxity, or even emotional imbalance. If you're following in the steps and copying it to signals of high-profile traders always have it at the back of your mind that is always the possibility of human error and the analysis, and they can also make wrong calls, so do not trust completely and always. 
February 22, 2024, 06:30:32 PM
I never pay any attention to any high profile trades. Remember Ackman who shorted that Herbalife because he assumed it was a scam. He had a huge short and went very public about it but the stock still kept going up and up. He had to cover at a loss if I recall correctly.
Most professionals keep their trades secret and never post it live. If you are good at your job you don’t have to post your trades online to get likes. Those types of people most of the time don’t know what they are doing.
Certainly. Those high-profile and successful traders have always want to trade privately and have no time to flex their gains and losses from trading, as the people around won’t change the situation either. Instead of letting other traders to get updates from their personal trades, they will just utilize that time maximizing their trading improvements. That’s how these high-profile traders would prefer to exist.Most professionals keep their trades secret and never post it live. If you are good at your job you don’t have to post your trades online to get likes. Those types of people most of the time don’t know what they are doing.
And take note, losing in trading is not only exclusive for beginner traders. All traders have their fair share of losses, but professionals have manage to keep it to theirselves and use it as a motivation to increase their knowledge and upgrade their skills and strategies.
February 22, 2024, 06:10:26 PM
I feel nothing and don't really care, but rather I do learn something that even experienced well-known traders also have made wrong calls and you shouldn't be ashamed of that. The only thing that is important is to analyze your mistake so you can avoid the same mistake in the future run because smart trader would adapt and change their strategy a little bit to match the current condition of the market.
February 22, 2024, 05:53:43 PM
I'll mind my own mistakes and calls.
Everyone can make all of these mistakes but what's wrong is if they're influencing other people to sign onto their groups and then giving bad calls.
That's a terrible service that they're giving to their influenced people and that's why we always tell to avoid such service and signals group because they won't do any good.
Everyone can make all of these mistakes but what's wrong is if they're influencing other people to sign onto their groups and then giving bad calls.
That's a terrible service that they're giving to their influenced people and that's why we always tell to avoid such service and signals group because they won't do any good.
February 22, 2024, 04:59:32 PM
Quite normal to be fair because they are regular people and they are inclined to make mistakes as commonly as us, and there is nothing wrong with that. I understand that we are going to expect them to be a lot better than us, and that's why making mistakes is not something they can afford to do in most cases, that's fine and I understand the logic, but that doesn't mean that we are going to have an easy life, we should be considering the situation a little different.
I hope that we could end up with a good return and have something that should be easier to manage. All these people who make mistakes are fine, they are just human, and everyone in the world, even if they are the CEO of the richest wall street company, could make mistakes.
Everyone creates mistakes and loses in trading, even with simply investing. That is already given since none of us are perfect and none of us are highly capable to deal with an unpredictable market. However, losing comes with an advantage, at least you will learn from your mistakes and won’t do the same mistakes again. Even high-profile traders have seen losing in the market, and for me that’s acceptable knowing we can’t beat the market at all times. While they can be gaining the bigger advantage to win and make massive profits, they are also prone to losing and lose huge funds when they take wrong decisions in trading. I hope that we could end up with a good return and have something that should be easier to manage. All these people who make mistakes are fine, they are just human, and everyone in the world, even if they are the CEO of the richest wall street company, could make mistakes.
February 22, 2024, 04:21:11 PM
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.
February 22, 2024, 02:47:37 PM
I feel normal because I know the high profile traders are also human beings and they can make mistakes too. Professionals traders also have losses but it's just that they have gather many experience from the many times that they have traded therefore they don't make common mistake that a newbie only joining the market recently will make. High profile players also get carried away by their fame that they begin to think that they can control the market because of the high influence they have from many people following them on social media. ..
But still, we must take into account the fact that Garreth Soloway and Davinci open short positions have not yet been liquidated, which means that they can still potentially bring more profit. And until their positions are liquidated, we cannot say that their assessment of the current market situation is incorrect. Let's grab some popcorn and see how this drama ends.
February 22, 2024, 06:57:11 AM
I'll give you two examples: Garreth Soloway ( featured in Kitco a few times ) and Davinci ( early Bitcoin adopter )
They both shorted Bitcoin at 50K - 49K. And quite likely they're both getting liquidated soon.
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.
They both shorted Bitcoin at 50K - 49K. And quite likely they're both getting liquidated soon.
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.
I feel normal because I know the high profile traders are also human beings and they can make mistakes too. Professionals traders also have losses but it's just that they have gather many experience from the many times that they have traded therefore they don't make common mistake that a newbie only joining the market recently will make. High profile players also get carried away by their fame that they begin to think that they can control the market because of the high influence they have from many people following them on social media. It's because nobody can predict the market correctly always therefore it's not good to follow a prediction we see online even when it's from a trusted high profile trader because they can be wrong too.
February 22, 2024, 06:04:59 AM
It is hard for anyone to predict the price of bitcoin accurately, and this is why in trading and in real life nobody is perfect in whatever that we are doing, how more of predicting that is 50/50 that it will be or not going to be. Professional traders make mistake and this is why nobody is above mistake, and a little mistake made by a professional trader will make him run at big loss. Bitcoin volatile nature is affected by many factors and we don't know the next news that will pump the price or dump it. For this reason, I wouldn't blame anyone that predicts the price of bitcoin wrongly, because we are not seers that look into the future, but we are humans and we can only speculate what we think.
February 22, 2024, 05:38:34 AM
I'll give you two examples: Garreth Soloway ( featured in Kitco a few times ) and Davinci ( early Bitcoin adopter )
They both shorted Bitcoin at 50K - 49K. And quite likely they're both getting liquidated soon.
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.
They both shorted Bitcoin at 50K - 49K. And quite likely they're both getting liquidated soon.
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.
Trading is just speculation and prediction and we all know that everyone can not be right with there predictions all the time. The technical analysis of a coin can simply not play out and then reverse even if an expert predicted it properly based on his strategies that has worked Before, he would still get a loss one day because the market does what it choose and sometimes it doesn’t go with your trade.
If there's unfailing %100 accurate predictions by anyone in crypto trading, then everybody will certainly follow that trader and there'll be no more loses in trading, infact trading will become a get rich quick scheme, therefore despite the best efforts of experienced traders and analysts they'll still have a bad day. I've learnt a bitter truth in this forum that trading is heard, despite following the best strategy and analysis at a given time, loses can still occur. Infact I know professional traders who have years of experience in trading, complain to me that they've lost certain amount today in trading, and it always reminds me that it's better to trade with the amount that we can afford to loose, especially for newbies.
February 22, 2024, 03:25:19 AM
I'll give you two examples: Garreth Soloway ( featured in Kitco a few times ) and Davinci ( early Bitcoin adopter )
They both shorted Bitcoin at 50K - 49K. And quite likely they're both getting liquidated soon.
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.
Experts giving their opinions about the movement on the price should be regarded as a prediction just as other people also predicted a different price because being an expert doesn’t mean they control the price they just seem to have better understanding of the price movement. Different people give their own opinions and predict a price but only few will be close to the price with their prediction that is why it is advised to always carry out personal research and have knowledge about the movement of the market while trading and not just follow the predictions of other traders so when they are wrong you wouldn’t blame it on them when things turn out differently. Being an expert doesn’t guarantee 100% success in trading, experts can also get it wrong and run at loss sometimes. They both shorted Bitcoin at 50K - 49K. And quite likely they're both getting liquidated soon.
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.
Most professionals keep their trades secret and never post it live. If you are good at your job you don’t have to post your trades online to get likes. Those types of people most of the time don’t know what they are doing.
you’re right, i don’t also take people who post their trades online seriously, i think they only do that to get like and increase their social media engagement. It is a good professional ethics to keep your trades secret and not share your trade signals online and I wouldn’t refer to those who share them online as professionals. February 22, 2024, 12:31:37 AM
I never pay any attention to any high profile trades. Remember Ackman who shorted that Herbalife because he assumed it was a scam. He had a huge short and went very public about it but the stock still kept going up and up. He had to cover at a loss if I recall correctly.
Most professionals keep their trades secret and never post it live. If you are good at your job you don’t have to post your trades online to get likes. Those types of people most of the time don’t know what they are doing.
Most professionals keep their trades secret and never post it live. If you are good at your job you don’t have to post your trades online to get likes. Those types of people most of the time don’t know what they are doing.
February 21, 2024, 07:16:21 PM
Quite normal to be fair because they are regular people and they are inclined to make mistakes as commonly as us, and there is nothing wrong with that. I understand that we are going to expect them to be a lot better than us, and that's why making mistakes is not something they can afford to do in most cases, that's fine and I understand the logic, but that doesn't mean that we are going to have an easy life, we should be considering the situation a little different.
I hope that we could end up with a good return and have something that should be easier to manage. All these people who make mistakes are fine, they are just human, and everyone in the world, even if they are the CEO of the richest wall street company, could make mistakes.
I hope that we could end up with a good return and have something that should be easier to manage. All these people who make mistakes are fine, they are just human, and everyone in the world, even if they are the CEO of the richest wall street company, could make mistakes.
February 21, 2024, 06:57:48 PM
...They both shorted Bitcoin at 50K - 49K. And quite likely they're both getting liquidated soon.
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.
No matter how experienced a trader is, he will still make mistakes. But he will have much fewer such mistakes than a novice trader. But the main difference between an experienced trader is that they adhere to the risk management strategy, and even if his position is liquidated, he will lose only 2-3% of his deposit, unlike a beginner who will lose the entire deposit.
Just do remember that even so-called trading experts can experience losses. It is not all the the time that they are on the winning side of things. But yes, if you know what you arw doing, you can lessen or reduce further losses, and stop possible liquidation of your position.
February 21, 2024, 06:46:32 PM
...They both shorted Bitcoin at 50K - 49K. And quite likely they're both getting liquidated soon.
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.
No matter how experienced a trader is, he will still make mistakes. But he will have much fewer such mistakes than a novice trader. But the main difference between an experienced trader is that they adhere to the risk management strategy, and even if his position is liquidated, he will lose only 2-3% of his deposit, unlike a beginner who will lose the entire deposit.
February 21, 2024, 03:54:41 PM
Remember that there is no such perfection in trading. Though they are experts and have been in trading for many years this never gives an assurance that they will be perfectly right as the market is volatile. Therefore, it was not a surprise but seems accepted knowing that this is what really happens in trading.
If these high-profile traders make wrong calls, that much more it happens to the beginners. But this is not bad as nobody makes a perfect decision, well commits mistakes even though we don't like it. Otherwise, all traders are rich and wealthy people
If these high-profile traders make wrong calls, that much more it happens to the beginners. But this is not bad as nobody makes a perfect decision, well commits mistakes even though we don't like it. Otherwise, all traders are rich and wealthy people
February 21, 2024, 03:44:43 PM
I'll give you two examples: Garreth Soloway ( featured in Kitco a few times ) and Davinci ( early Bitcoin adopter )
They both shorted Bitcoin at 50K - 49K. And quite likely they're both getting liquidated soon.
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.
Losing is normal and every trader experienced it, high profile trader are taking risk that much and they are playing really against the trend most of the time, well you can just watch how they trade in the market but I don’t suggest to follow them simply because they have their own style and strategy in trading. The market is unpredictable, and you should not be complacent about your position, you should always have your cut loss price to avoid being liquidated. They both shorted Bitcoin at 50K - 49K. And quite likely they're both getting liquidated soon.
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.
February 21, 2024, 03:37:06 PM
I'll give you two examples: Garreth Soloway ( featured in Kitco a few times ) and Davinci ( early Bitcoin adopter )
They both shorted Bitcoin at 50K - 49K. And quite likely they're both getting liquidated soon.
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.
I do not find this surprising at all, people make mistakes all the time and even if they did not there is no strategy that is perfect either, so obtaining some negative results is to be expected, what matters is if they are actually successful traders as they win more than what they lose, personally I have never heard of them, since I do not really care about what other traders are doing and instead I prefer to concentrate on what I am doing to increase the size of my holdings. They both shorted Bitcoin at 50K - 49K. And quite likely they're both getting liquidated soon.
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.
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