Topic: Tips to Follow traders/scalpers (who use Stop Loss) (Read 447 times)

The most experienced traders are making money by trading. They gives signals to the other people's before pumping a coin.
They did a technical analysis about a coin. And when they are sure about this coin will give good profit to the early investors they give a buying signal to their community.
So, I also recommend to follow these types of traders.

One, indeed because using stop loss is a strategy to manage risk in trading. I can totally understand why you're leaning towards traders incorporating this in their approach. However, remember sometimes some exchange bots specifically target large groups of stop-loss orders, then miss out on profit opportunities. Then, the broker's style may not necessarily suit your strategy, and the fact that they trade like eToro for example means you may need to create an account there if you don't already have one. My advice is to just gain experience and averaging-down or forced selling to manage risk, and avoid the need for stop losses.

I do not like to entirely discourage traders, there are good signal providers just as there are bad signal providers, only that people are not so informative about the right one to choose and the consistency of signal providers most times is questionable. But the social media age has spoiled a lot of things, there are fake ones everywhere and they are the most popular simply because they have marketing and influencing skills. However, these several providers are in categories, there are some that will lose your money pretty fast, there are some that will win very fast but lose the money later, and there are some that will continue to lose and win without any meaningful success. If I were anyone, I would go for those who win the money pretty fast but later lose it. But what I would do differently is to manage my account better than them so that it doesn't ruin it later. This is particularly true if the trader has a higher than 60% winning, I believe the lack of management and poor emotional handling causes their latter losses, this is where you come in.

If you are a good trader yourself, you would know that the market is not always rosy for you no matter how much you try. At times, your strategy is being challenged by the market, it's possible that other strategies are flourishing at that time, which makes the market tricky, proper risk and account management are mostly needed by then which the providers lack in most cases. They can't of course be absolved of the blame but as a smart person, you can adjust things for your success especially those that are 60% + in their winning capacity.  

I know many signal groups where know to be a scam and they mostly refer people to there own sites or where they will get referral bonus for referring people to the site. More importantly, we need to understand trade to reduce the stress and the possibility of getting scammed through unknow third party sites that might not worth it because we want to make more money by copy trading and and joining signal groups.

 Bitget is a good centralized exchange we can always use to trade whatsoever coin we are interested in and we also need to  understand the way the trade we intend to copy trade does it own thing. This will help us to be able to adjust using stop loses and other tools to ensure our safety as a trader.

Following copy traders will not end that well for you, the results are usually lackluster and not that great. I highly suggest people to make their own trades, if they are not greatly happy about it, then they could just avoid doing anything regarding this, and they could make sure that they are not doing all that bigger.

I personally believe that the best thing to do right now would be to make sure they are ending up with something that has to be a little different, copy trading means that you are making the same trades that someone else is doing, and you do not know that person, they may have done well so far, but that doesn't guarantee that they are going to keep doing well, so always get better for yourself.

If you don't know how it works, don't do it. Like most traders who don't use stop losses in their trading because they don't want to risk mistakes that will occur in trading.
Copy trading according to the definition that I know is linking a trading account to a trading account belonging to another trader who you think is very skilled.
So far I've never done it so I don't want to say it's bad if you do.
During the trading activities that I have carried out, perhaps I still carry out a very standard type of trading known as spot trading.

Stoploss is used to anticipate when our analysis is wrong, so it aims to ensure that the losses suffered are not too deep, and also that our strategy can be measured according to the existing portfolio. On the other hand, this can maintain our emotional stability, because psychology is the most important factor in the success of trading. Most trading people only rely on their heart's desires, and cannot see logically

I use stop loss every time i trade this the most important or else your acc with be liquidated all your funds

Maybe copy trading is more profitable compared to signal providers that are identical to scams. This depends on us following a trader when copy trading. There are also many potential traders available on exchanges that provide copy trading. Copy trading does not guarantee a profit, there is also a risk of loss or even loss of funds when copy trading.

I'm using stop loss in my regular trade because definitely it's very important to reduces you losses but i don't follow any traders, i don't want to believe copy trading, So i follow my own strategy in trading. I would suggest to you don't follow paid signals, you will get liquidated end of the day. Just try to trade based on your own strategy.

Your opinion is correct. It's just that it takes a long time to implement it. In addition, I think it's good if you always level up that knowledge. Over time it will definitely produce results

The idea starts from the fact that we invest so early, and we invest so smartly and we turn very low amounts into very high amounts, that's the very first start. Secondly, we end up sharing this success online, not all the time and not everyone but some of the people who turn a thousand dollars into hundreds of thousands of dollars share that online.

These are the first two steps, third step is the newbie who is not in crypto, or just got in and out quickly and just not a veteran, ends up seeing you making that much money. Last step is people who want to scam these newbies, saying "we can make that for you too" and promise to help them, in exchange of money. Newbies fall for that because they think it's possible to do it.

Signal providers have been a scam since the beginning, however newbies traders want to find shortcuts to make money without the need to actually learn, and see in signals a way to do this, and while copy trading is not as bad, as we are talking about real traders obtaining some short term profits on those platforms, the reason newbies traders choose this path is the same, but unfortunately for them I do not really think there is any way to obtain profits from the markets by using copy trading.

If you are not really aware of the signal providers, you will really fall into their traps, thinking that you will have an opportunity to earn cryptocurrency. So extra caution and wisdom are needed in such instances.

Now, in copy trading, I have not seen any ads here that promote influencers who say that they can make money from copy trading and that even if you don't know how, you can make money. say such things because they are paid.

Then another thing: copy trading has a paring risk that can be given to any investor here in truth if they only find out about it.

As much as we try to avoid losing money by following other traders who have been trading for several years as a way to make some money, I wouldn't advice going through this route as it's a waste of money and if they lose you lose but they still get paid.. meaning you are more exposed to risk!

Let's invest some time to learn the skill and trade on our own.

If you don't over leverage your account, you can take somedraw as sometimes the markets are after those stop losses which is called liquidity in other circles, so trading without a stop loss can sometimes be rewarding.

We are discussing two things here one is copy trading, even I have not seen any copy traders having stop loss because it will be recorded against their name as a lose which will hamper their profile, for example you will see copy traders they would be running the algo for over an year and so but they never use stop loss and it makes sense because let's say they are trading with $100 and let's see they have a risk margin of 20% then stop loss will be applied at $80, but if they don't apply stop loss then the asset will lie in their wallet until the sell price hits and there is very rare chance of coin going zero unless it goes bankrupt.

I have intentionally ignored to mention anything about signal providers as they are the most widely used scam where someone who have limited knowledge about crypto recommends us on what to buy and sell.

The funny thing I mentioned is that you use limits as a rule, no matter wht kind of trader you are. Even long-term people set max limits for TP and max limits for loss.

You're still discussing that scalpers "must" and how important it is. Experienced traders know this is non-negotiable

The fact most people discuss importance as if it's optional says a lot about the amateur mentality of most crypto traders.

But what sometimes makes me pity beginners who are in a hurry to make quick profits is that sometimes they scalp with all the capital they have. The point is that some of them don't even share their capital. They do not divide their capital as most of it is for long-term, medium-term investments and the rest is for short-term investments such as becoming a day trader or even a scalper. But they sometimes put it all in on a quick trade. Which makes them more risky in trading. But the crux of the problem is that from an emotional or psychological perspective, those who just want a get-rich-quick scheme. or a quick profit scheme. They make trading like gambling. However, these two things must be distinguished. Well trading is for business and financial growth, while gambling is just for fun.

But many beginners eventually become experts after they learn from experience. Sometimes experience in trading will not immediately produce profits. But if we continue to learn then getting benefits will be much easier to obtain.

To be honest, it's hard to be a scalper if you're not sure about entering it. It's okay if you have deep experience here or extensive knowledge of crypto trading. There are also others who are newbies who are too eager to make a profit here in cryptocurrency.

Those who think it's a rich, quick scheme—that's not possible in the field of crypto space, actually. That's why others immediately join signal provider groups without even doing research on things like this. That's why there are usually many people who are fooled due to a lack of knowledge.

When people are looking for traders they can copy on those platforms they often take a look at those that are producing the highest profits, and a trader that is not using a stop loss will most of the time be at the top of such list, since they are willing to take a higher risk and deal with the volatility of the market and this strategy can produce great results on the short term, however eventually a trader like that will make a bad trade and lose a great deal of money, but once this happens they have been replaced already at the top by other traders doing the same, which may cause more conservative traders to be ignored by those looking to copy them.