Topic: Is sharing insights the key to better trading? (Read 703 times)

Perhaps, listening and hearing insights from experienced traders helps us improve and gain more ideas in return but it doesn't mean that we could be like them. I said NO and why? Because we all have different opinions in making a decision and an evaluation in a particular situation making you and me have different results. This is the fact that we can't change which is why not all traders become successful even though we follow the same person and the same strategies still, it results differently.

Of course, there is a big changes as we learn more and bigger chances to earn more but yes, it generally depends on a trader and how they manage themselves, especially in dealing with their emotions.

Absolutely, sharing knowledge can definitely improve your trading progress. You can access a wide range of experiences by connecting with others and that in turn can help you refine your approach and decisions. My strategy for example leverages a Human-in-the-loop AI system, that focuses on asset rebalancing to improve our returns. My strategy isn't simple holding, but actively adjusting my portfolio to match market movements. Thats My strategy at least.
If you would like to discuss this further, you can contact me via my Discord: https://discord.gg/dCvaBZWNcG

That's great actually! Sharing your knowledge and earning at the same time, I agree with your statement that sometimes you'll learn a lot and have a better understanding on getting a position in trading, sometimes it's not bad to hear other people's insight as you might give you more information and might expand your perspective regarding the market but sometimes you'll encounter useless information and insight but no matter what, you'll still get more ideas in the community that's why there's also a good way to share your strategy and insight and also let them criticize (constructive criticism) your idea.

It is important to know how reliable is the source or just nonsense. Yes, there is no other person to decide other than us and there is no other person to say this is right or wrong but just ourselves. That is why we don't have to dive into something that we never clearly knew it instead, have time to evaluate and reconsider if that is worth it.

There is no other way to make better and improved but just ourselves. We can be better, better than others if we never stop learning. We just think that we can listen to others' advice but not all are effective, that still depends on our trading style.

I agree with you that having a good strategy is very important in trading. Without we are not going to make consistently positive returns if we don't have a strategy that we can rely upon. The opposite would be if we make gut decisions every time we enter or close a trade. This might lead to a few lucky trade, but is never going to make us long term returns. The big question is how we develop our strategy and if we should share it publicly. When it comes to sharing trading ideas online and discussing them with other traders, I think it's a good idea. Nobody knows everything and when exchanging our ideas with others we can get new insights that we might have missed otherwise. However, sharing our full strategies online seems a bit much for me. Maybe I am too secretive and feel like other people could take advantage of me, but when sharing a fully working strategy for free it could hurt me. The first issue would be that other people will copy that strategy and take away profit from the market. In case our strategy is time sensitive and uses market inefficiencies to make a profit, then more traders trying to do the same trade will reduce the inefficiency. Financial markets are very dynamic and a trading strategy is not going to be profitable for ever. So, it’s good to exchange ideas and information with others, but somethings should be left for our own use only.    

Not really, or maybe it is. We really can't decide who is sharing it and what is the insight, without knowing that we can't really make a decision. It is clear that there are many people with too many insights these days. Not all of them are good, we need to make sure that we are going to end up with something cool. At the end of the day we can't really make it work without making bigger strides.

I hope that people could see it getting better, and we need to make sure that we are going to end up with something that would help people profit better. If the person is smart and a good trader, and if the insight is a good one, then it could help not only themselves but also something that would benefit the whole world.

It is very important to adopt the strategy of trading in the same way as it is necessary to acquire knowledge in trading. Of course, in the field of trading, you have to acquire enough knowledge, after gaining knowledge, you have to check the market and make a long-term plan for trading. Many times we get impatient in trading, if we get impatient in trading then we can't do anything good in trading. Patience in trading is very important thing. Many times it is seen that we lose patience in trading without realizing it, so trading patience is a very important thing.

That is how you stay fresh, if you learn something at one point and never improve yourself ever again, you are going to end up losing money and that doesn't make sense at all. However, if you are talking about making money from trading, then you should keep on improving and getting better as well, that's just the way you should be going.

I personally believe that the best thing to do in this case would be making sure that you are dealing with something that may make you some money, and in order for you to do that you need to find whatever it is that the highest new technology offers. Like for example if everyone starts to use AI to make more money, you can't just ignore it, that's not how it works, you still need to learn it.

In fact, even experts and old timers still continue acquiring knowledge, gaining ideas from other successful traders, and improving their skills because it is necessary. This means that it was an effective strategy to improve our trading performance. That is why we don't assume that we are knowledgeable already or think that we are good enough but rather think that we need to acquire new ideas and learn new things because the market movement has also changed. We did this because that is the thing we are supposed to do. Otherwise, we just limit our achievement which in fact, there is a way we can improve it more.

The knowledge you acquire from such community can help  in your trading skill, insight class should always be an interactive one whereby you get different knowledge and strategies to benefit, trading is not difficult but it has some deeper strategy and sometimes if you lack the idea and strategy that's when you find trading difficult, the ability to accumulate the knowledge and insights shared determines your progress, people who share different ideas about trade are just humans like everyone and they give their ideas and predictions willingly in discussions for newbies to learn and during such class newbies should also be interactive to learn fast

In general, I believe that exchanging experiences and knowledge in trading plays a crucial role in success. When traders discuss ideas and strategies, it helps everyone better understand the market and make more informed decisions. I also find valuable information on resources like Bitget Insights and Binance Feed, which not only educate but also reward for engagement. This approach allows not only learning but also earning, making the learning process more motivating and interesting.

Most people in this crypto community know that if we are new or if we want to become better traders, we must first know and learn the basics of trading. Let's learn to listen to and follow those who give good advice about trading honestly. Especially if it is for our own benefit in the future.

It's not easy to understand, that's true, but if we are determined to learn, nothing is impossible for us to understand it at the right time, that's for sure.

That is basically what this question is, it is not about me sharing with you, it's about me making a video and sharing it with hundreds of even thousands of people. This means that you do not have to take all of it as correct, but if you find even a small part of it as something that helps you out, then it would be quite well for you. I personally believe this without a doubt.

I think it's quite important that we get to do what we want to do and that ends up being the most important part. Just put out whatever you think, even if just a twitter account that very few people follows, put it out there, and if anyone can benefit from it then they can. Also, that's the part where you gift, there is also the part where you should look at what everyone is doing and get what you want out of it as well.

Sharing and learning from those insights, and eventually enhance trading skills is always a good thing in trading. You cannot share what you have not learned, and you cannot perform trading well without skills and experience in the market. Those who are in panic mode definitely do not understand the insights they have been receiving. They just trade without without proper comprehension and market analysis.

However, FOMOing is not new in the market most likely when others are shilling. But if you think you are FOMOing in good reason, and as long as you’ll trade for profits and not with losses, that will never cause a problem.

Trading is not all about knowledge but most importantly, having the skills and potentials to trade. Although gathering insights is still a must in trading but we all know not all knowledgeable traders end up being successful and profitable in trading. They should prioritized developing and enhancing their skills and strategies, and carry out these strategies with patience and positive outlook on trading. So that even if they will face consistent losses on their first trades, they will not decide resorting into quitting as real winners in trading never quits in the process.

In essence, when we have a community and we get various information indirectly, our insight and knowledge will increase, our financial literacy will also increase. Analysis is important and we need to get as detailed information as possible from various sources in the community so that we can compare other people's strategies with the strategies we have so that we can make the right decisions when trading.

So from the question from the thread Is sharing insight the key to success in trading? The answer is of course, because the more we know and learn, the more success in trading becomes real, because we have a comparison between other people's strategies and the strategies we have.

Totally depends on you whether you are really that welcoming others ideas and experience for you to check out and would be applying into yours, but there are ones who would really be loving on going solo and would really be learning things on their own and discover for themselves but for me then it would be always best that you should really be trying out to make use of others experiences too and their own analysis too.
You arent that being told or force to copy them or you would be applying it into yours or you would really be that free on whatever things that you do.

Better trading would really be always mattering on the results that you are making. Other factors would really be needing for you to consider out because if you do find yourself not to be
that someone whose really that versatile on things then you wont really be finding yourself that progressive on which this is something not that much preferred i would say.

Have you reason most people are called pro traders? Is not that they can tell the future of market movement and all that. Nah!!! They where ones newbie and they ones pass through this certain stage you passing now. The reason why most are being  classify as a pro trader is because of their principles in trading, like they always do proper research about a particular coin before trading it (most time those that focus in different varieties of coin) . And they know when to call it a day, most traders don't know that whenever they make some losses they always have this reckless drive in wanting to get that they have loss back with immediate act. Which may trigger them losing more, and also they are called pro because they know how to tackle their emotions and to manage risks to avoid them losing their funds during the process of trading. So with good practices and studying with some nice determination you can also be a pro trader.

People have different ways to earn could be self-thought with the use of the internet, or through the experience of other people. Its ideal for me to have a community of traders so in that point you can seek information what are the good coins to trade and their current status, also you can have a discussions with them about your different analyses and predictions of the market, by this you help each other through your knowledge and experience but still at the end its your trade so your decisions.

After getting an insight from a trading community that you're a part of, you don't have to follow the insight blindly without doing your verification if the insights being shared is accurate. Insight can give you an idea of what to look out for in the trading charts or the market when doing your own research. Insight aren't signals that all you have to do is to follow the trading direction without doing any further research. Insight should make you want to do further research and this kind of help you to become better at trading. Some traders don't know what to look out for when doing their research therefore as they constantly keep getting insight it'll help make them better at doing research and having a successful trade.