Trade by yourself - page 10. | Bitcointalksearch.org

Lorokan

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Quote from: ?? on ??

Starting trade, we develop many facets in ourselves.

This is short and wrong; firsttly you do not trade to learn; instead remember you have to learn to trade; the perfect your learnings by trading often and making, taking corrections and losses when due. That way you get to develop yourself and be a pro trader. As a newbie, always remember learning is key even when it comes to marketing or content writing.

ChiBitCTy

legendary

Activity: 2282

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As an investment advisor by trade I would more so agree than not with your statements here. While you can learn how to trade with or by others, it is certainly advisable to trade on your own. I know several buddies who are in crypto trading groups where they all pooled their money and it's a shit show. Most of the group is clueless and chases after shitcoins and the ones with knowledge rarely get their way. I tell my buddies to get out but they feel pot committed I suppose.

isaac_clarke22

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Activity: 1610

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Well I am a long-term holder, therefore these signals don't really mean much to me.
I am not even interested to such signals or signal groups.
All I do is keep holding my coins, then decide whether to sell or not.
I've been trading by myself since 2017 although there was quite of an experience I got in day trading, and so far it's been quite good.
Not successful but fine.

olamidey

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Activity: 798

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I totally agree with you, newbies should not rely on signals otherwise they might never learn to trade.

Learning to trade is the best gift you can give to yourself. However, before you learn, you have to first take risks, and learn persistence.

Along the way, you are going to win and lose. If you can survive the heartbreaks, then you have a chance of becoming a pro trader. But if you completely choose to rely on signals, you may never become pro. Trading by yourself may be a very difficult road but it is also a rewarding path.

IMAR

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Activity: 314

Merit: 20

It's better to have your opinion rather than just depending on another trader's signal. Why so? Because you will not grow in terms on trading. Yeah, Newbies don't know how the read the market yet so they depend on others. For me, I would not spend a dime on something because of other's opinion. So take your time to learn the market because not all signals are accurate and it can lose you money. And it would be better if you lost that money in your own terms.

dragon695

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Quote from: BuNga_cute on June 28, 2020, 06:24:33 PM

If the new trader can learn by themselves, they will have the opportunity to grow their skills, and they can have more experience that they got from practice and learning.
Yes, we admit that it is very hard, but it is worth trying because that can help us have skills that will be useful in trading.
We know that all pro traders start from zero, but they don't stop learning to trade, even they spent more time in case to learn more lessons.
And the result that they get is they can analyze the market better than the other people.

True! The lesson that you'll remember the most is the lesson that you learn in a hard way. I have to admit that I've been through a lot of failures in trading. However, thanks to those failures, I have more experience and knowledge about trading. At first, I was very disappointed with myself because I have failed too many times. After that, I realized the only way I can get better is to learn more and more!

Kelvinid

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win lambo...

Quote from: koang on June 28, 2020, 09:23:48 PM

Trading is not only a matter of money. Of course, there must be a connection. But in my opinion, trading is more than just money.
In trading, you learn a lot of things, not only strategies in Technical Analysis, Fundamental analysis to find out how the market relations, and its relation to supply and demand. In addition, learning about Trading Psychology can give you an edge in understanding market behavior. This also means that you will know about human behavior and be very helpful in your personal relationships.
Over time,learning to trade properly will be able to help you control all the negative things within you

I believe it so. Learning is the fundamental access to a better trade result, however, it won't perfectly in a very short period of time but it can be in the future. And why it is very important to control our emotions? It is because that is a big factor to make a change. Psychologically matter, nothing will happen if we can't control it and that is a reason why many traders had fails.

Quote from: koang on June 28, 2020, 09:23:48 PM

Trading under a signal is a waste of time and in the long term unprofitable

Traders make a way to have a better result of trading and having signals or TA's is a tool that could help either but things can't be soo easy in trading, yet that struggles and losses will come along with.

traderethereum

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Quote from: BuNga_cute on June 28, 2020, 06:24:33 PM

Your opinion is very true regarding trading by yourself is far better than trading following the signals of others who are not necessarily
accurate and correct. Especially for newbies who are many victims who lose money when trading by following the signal pump and dump.
It would be nice when trading learn how to do it yourself, from starting how to read a trading chart, determining the purchase price or
selling price and managing capital we have.

If the new trader can learn by themselves, they will have the opportunity to grow their skills, and they can have more experience that they got from practice and learning.
Yes, we admit that it is very hard, but it is worth trying because that can help us have skills that will be useful in trading.
We know that all pro traders start from zero, but they don't stop learning to trade, even they spent more time in case to learn more lessons.
And the result that they get is they can analyze the market better than the other people.

koang

sr. member

Activity: 2422

Merit: 264

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Trading is not only a matter of money. Of course, there must be a connection. But in my opinion, trading is more than just money.
In trading, you learn a lot of things, not only strategies in Technical Analysis, Fundamental analysis to find out how the market relations, and its relation to supply and demand. In addition, learning about Trading Psychology can give you an edge in understanding market behavior. This also means that you will know about human behavior and be very helpful in your personal relationships.
Over time,learning to trade properly will be able to help you control all the negative things within you

Trading under a signal is a waste of time and in the long term unprofitable

BuNga_cute

full member

Activity: 1736

Merit: 116

Your opinion is very true regarding trading by yourself is far better than trading following the signals of others who are not necessarily
accurate and correct. Especially for newbies who are many victims who lose money when trading by following the signal pump and dump.
It would be nice when trading learn how to do it yourself, from starting how to read a trading chart, determining the purchase price or
selling price and managing capital we have.

Oasisman

hero member

Activity: 2716

Merit: 552

Quote from: Findingnemo on June 28, 2020, 04:03:46 PM

Quote from: Wexnident on June 28, 2020, 12:38:18 AM

Quote from: Findingnemo on June 27, 2020, 09:13:01 PM

Only you think that you should become successful and all others work for their success so if you think that signals from others will make you rich then you are about to lose at some point.Trading is nit too hard to learn but it will become more complicated if you complicate the things by trading too often and wanted to rich too soon.

The hard part about trading isn't learning about it, but rather putting what you learned to constant use every day. You can describe trading as something that requires your daily attention, and not only that, applying everything you learn at every possible moment is a must since losses and wins stand hand by hand.

Even if you apply everything you had learned on a daily basis still you need luck factor to become successful in the long term because day trading is extremely profitable compared to any other kind of investments but still why people lose their money and go bankrupt shows the reality of trading.You can constantly make profits from trading.

Luck is not the word in trading but rather "experience". When you're trading since day 1 most probably you possess enough knowledge on how the market prices would react from the fundamental news and events that's happening in crypto space. I haven't heard much about successful traders posting guidelines on how to position yourself not to lose good amount of money while learning how to trade. That's because there is no amount of advice that experience could give you, and that you don't need trading signals.

Findingnemo

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Quote from: Wexnident on June 28, 2020, 12:38:18 AM

Quote from: Findingnemo on June 27, 2020, 09:13:01 PM

Only you think that you should become successful and all others work for their success so if you think that signals from others will make you rich then you are about to lose at some point.Trading is nit too hard to learn but it will become more complicated if you complicate the things by trading too often and wanted to rich too soon.

The hard part about trading isn't learning about it, but rather putting what you learned to constant use every day. You can describe trading as something that requires your daily attention, and not only that, applying everything you learn at every possible moment is a must since losses and wins stand hand by hand.

Even if you apply everything you had learned on a daily basis still you need luck factor to become successful in the long term because day trading is extremely profitable compared to any other kind of investments but still why people lose their money and go bankrupt shows the reality of trading.You can constantly make profits from trading.

FanEagle

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Quote from: cheezcarls on June 28, 2020, 01:17:18 PM

it's the best thing to learn trade by yourself starting off with the basics. There are numerous Youtube videos that you can find about cryptocurrency trading. However, if you want to take an online course about cryptocurrency trading, there are platforms such as NewsCrypto, TraderCobb, Trading Heroes and Udemy.

These days, learning about crypto trading and starting it by our own signals are highly possible for anyone only when they are ready to take these serious. People do go for buying signals from other only when they take crypto trading like gambling or just like another source of making money. For such people, I do always suggest not to get into crypto trading by underestimating its potential; if we are approach it with all skills and strategies then we may get chances to retire early.

Quote from: Golftech on June 28, 2020, 11:54:38 AM

There's always a good strategy that will fit to each traders who knows how to do good research, it will enhance your skills anticipating the market, instead of following others interpretations it's much better create your own.

Deriving own strategy and then own signal will definitely help anyone to be successful in crypto trading. But most people do get frustrated before they settle with one effective strategy and profit making methodology. This is the reason they simply look for by-passing the core part of trading which must generating our own signals and trading by ourselves.

cheezcarls

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Looking for gigs

Quote from: Lorokan on June 22, 2020, 04:00:48 AM

There are several traces of newbies finding signals here and there to trade, but it is wrong. Believe me If you want to trade consistently and profitably just learn how to do it yourself no matter how difficult or how long it takes.

You can subscribe to signals if you're the type who wants to earn while you learn but long term.... Learn trading by yourself

This is where newbies should not fall prey into those nonsense trading signals. The cryptocurrency market is highly volatile and unpredictable by now, and trading signals are going to be useless and predictions will not be guaranteed as well.

For me, it's the best thing to learn trade by yourself starting off with the basics. There are numerous Youtube videos that you can find about cryptocurrency trading. However, if you want to take an online course about cryptocurrency trading, there are platforms such as NewsCrypto, TraderCobb, Trading Heroes and Udemy.

Just don't waste your time with those trading signals you've seen in various social media channels, chats and groups. They're pure nonsense.

Golftech

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Activity: 2128

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Quote from: erickastella on June 27, 2020, 08:48:48 PM

very interesting, but sometimes copy and paste trading with a signal that other people will never learn, I trade only using the news of the coin, say binance will be listed as a coin on their platform so I will quickly buy it, it is also high risk, but there must be a gap / fomo itself if there are coins that will be listed in binance, that's my trading style, which is utilizing the moment / news

Such trading style will work if you are good in doing your research, buying the news and have a good patience waiting for your targets, like what you have said, fomos will take place and if you are good in riding with them results will be positive.

There's always a good strategy that will fit to each traders who knows how to do good research, it will enhance your skills anticipating the market, instead of following others interpretations it's much better create your own.

South Park

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Quote from: Lorokan on June 22, 2020, 04:00:48 AM

There are several traces of newbies finding signals here and there to trade, but it is wrong. Believe me If you want to trade consistently and profitably just learn how to do it yourself no matter how difficult or how long it takes.

You can subscribe to signals if you're the type who wants to earn while you learn but long term.... Learn trading by yourself

Not only that it does not really makes sense for someone that can obtain profits out of the markets to give signals for free or for a small fee, if someone is so good at the markets that he can obtain profits consistently believe me he will have his own investment firm and millionaires will come knowing at his door, as such the only realistic option that we have is to learn how to trade by ourselves, however this is a long process and no one can learn how to do this overnight and unfortunately that is exactly what newbies are looking for.

Shohag123

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Activity: 385

Merit: 12

There are severals of paid channels and free channels will give a signal but no one knows which is correct.You can loss a big amount of money or you can win some sometimes.But in paid channels you have to pay a significant amount of money.So i think its not right to join in paid channels.Because you have to pay every month.And free channels are 100% useless.

For newbie,i think they should avoid this kind of crap.They should research and study about crypto.If they gain some knowledge and use it in proper way there is a great chance to be successful.But you know everyone can not be successful at a very first attempt.It will take time.So newbie and everybody should study about project and then trade.

okala

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Quote from: Lorokan on June 22, 2020, 04:00:48 AM

There are several traces of newbies finding signals here and there to trade, but it is wrong. Believe me If you want to trade consistently and profitably just learn how to do it yourself no matter how difficult or how long it takes.

You can subscribe to signals if you're the type who wants to earn while you learn but long term.... Learn trading by yourself

I do sincerely agree with you but how many people are ready to spend time and learn. Most of us focus on the profits we hear some pump and dump traders are claiming and forgotten that most of the signal selling sites are out for business.

Wexnident

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I don't request loans~

Signals aren't something to be trusted 100%, but you can assume the idea behind it and use it to build up the idea of trading you want to take. It's most difficult to find/predict what the price would be in the next few days if you were to start at zero, so you could try to use other's analysis and accept or deny their hypothesis and move from there. You can also see this being applied from various research/inventions, they always have something to start with, that is, except for those that literally started from zero. Though most of the time, signals are just traps, shitposts that people make to push an empty argument.

Quote from: Findingnemo on June 27, 2020, 09:13:01 PM

Only you think that you should become successful and all others work for their success so if you think that signals from others will make you rich then you are about to lose at some point.Trading is nit too hard to learn but it will become more complicated if you complicate the things by trading too often and wanted to rich too soon.

The hard part about trading isn't learning about it, but rather putting what you learned to constant use every day. You can describe trading as something that requires your daily attention, and not only that, applying everything you learn at every possible moment is a must since losses and wins stand hand by hand.

Lorence.xD

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Quote from: BitcoinTurk on June 27, 2020, 05:56:15 AM

Absolutely, you shouldn't do any trading that someone else has shared. In particular, it will be much more useful for you to do your own transactions instead of copying the processes shared by social media phenomena. I would also like to say that I recommend you to watch the training videos or read the training articles of investors, trainers and individuals who are really knowledgeable, although doing your own trades rather than doing other trades is better for you. So, watching the training series of really knowledgeable people will not do you any harm, but copying the processes shared by unconscious people will not only harm you. Therefore, always be open to development and benefit from the experience of others, but when you trade, create your own path instead of acting according to the transactions of others.

Copytrading will only work if you are trading just as a side hustle but if you are going full time trading then you must learn what there is to learn because I do think it is much worth when you have the wits and ability to trade on your own, remember that in the end, you are the only one who will make the decision and you will be the only one who will be affected by that decision be it beneficial or not.

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