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Topic: Trade by yourself - page 4. (Read 9143 times)

legendary
Activity: 1862
Merit: 1046
September 25, 2020, 08:46:56 AM
i don't really suggest following on the signal groups specially the free one they are just there to deceive you but there are some legitimate services who really gives a profitable signals but in exchange you will not be able to learn to trade and will just rely on a signal so it's true that you should learn to trade by yourself.
sr. member
Activity: 602
Merit: 250
HEX: Longer pays better
September 25, 2020, 03:11:52 AM
Market is in bad condition and btc is unstable and every 200 or 300 dollars moves of btc alt making bleeding. In this condition trade by yourself is good but don't forget to put proper stop loss if you are taking margin in your trade.
I think this is not the time to conduct margin trading, it will be very risky if the sharks are constantly manipulating and reversing prices.
I see our crypto market accumulating day by day, volume is decreasing and preparing for a big dump or pump. Given the current unstable economy and some political turmoil taking place in many places, I think we'll have to see bitcoin fall to $ 9k6 or $ 9k8. We'd best hold USDT for now.
copper member
Activity: 504
Merit: 0
September 25, 2020, 12:47:09 AM
Anybody who is newbie following up the trading signal group might loss his all money because trading is an experienced man job. To predict the market price you have to know all the details behind the project to what can happen next. When you start trade by yourself gets much more knowledge and experience and this experience will going to work whole life.
I can say that trading experience is always going to called source of money.
full member
Activity: 552
Merit: 107
September 25, 2020, 12:26:34 AM
First rule of crypto trading is don't get FOMO. But, literally still see people do it all the time over and over again. Actually they get mad at the crypto market and freaking out thinking his holding gonna hit more. Until they realize it getting to late. Hence practice makes us good trader so try yourself unless you feel comfortable in trading.
hero member
Activity: 2982
Merit: 790
September 24, 2020, 05:24:09 PM
Market is in bad condition and btc is unstable and every 200 or 300 dollars moves of btc alt making bleeding. In this condition trade by yourself is good but don't forget to put proper stop loss if you are taking margin in your trade.

short term trading actually is good if you know how to strategise. sometimes you will gain more profit from this strategy as compared to long term hodling. that is, if you have the patience to do intermittent trading and watching the market closely.
 profit of 200 - 300 bucks many times is sometimes better than long term hodling. but you should know what you are doing here. with this strategy, you can already see your gains here in a very short period of time. and also, incorporate the fees (trading/transfer fees) that you are spending so you know your actual net profit from this game plan
Sounds to simple but really hard to be done and this kind of skill wont really be just easily for you to attain for a short period of time.Being an active trader is the hardest part of trade yet you would need to deal with moving prices on a very active manner which makes it more risky compared on just simply holding which is logical but there are people whom do much prefer this method rather than holding long for years.

I myself is a hodler and at the same time i do have some allocated or saved funds which are used for day active trades.It is really totally different when it comes to level of profitability yet you can gain on gradual basis
which would sum up even more than on the profit you do gain when you are just holding.Even though the risk is much higher but really worth for someone to try.

Just remember on not just simply jumping off to the market without proper preparation and knowledge because you would just simply be burning out your funds and wont able to recover it on a short time basis.
Always start from the basics until you do get some good grasp on it.
copper member
Activity: 12
Merit: 0
September 24, 2020, 07:39:25 AM
right. When I started trading, I was involved in many signal groups. and when I received many signals and I was confused. I don't know how to set the stoploss properly and I don't know how to set the target. I was even more worried about my trading orders when I started making open orders. after such a bad long time, I realized that I should trade by myself. And since then, I've won more and I'm not as nervous as when I heard the signal from others. Trading by yourself will help us learn a lot.
member
Activity: 297
Merit: 10
Life is beautiful !
September 22, 2020, 06:55:39 PM

It's not bad to copy the strategy of the other people to make the trade if you are winning those trades why not it gives a lot of market profit to you all of the aims of the trader is to have some additional earning no matter what they did like copying other strategy or using your own.

If you think you are winning with their skills go use it still one of the best things to do is make your own trading skills too and combine with the knowledge of other people this is one of the best things you could do with the combination of different knowledge can make a good outcome towards to your profit.

Yes, if you're profiting using their strategy its good. I don't see anything wrong from copying others strategy. Life has always been like this. You copy then you improve it. That's how most of the successful people in life become successful. They are adapt other's strategy they improve it suitable to their style.
Indeed. There is nothing wrong with copying other people's strategy, as long as you don't claim it as your strategy. Using other people's techniques on trading could definitely help you make a successful trade, and combining it with your strategy for it would have a better outcome.  Sometimes, in your life, you need to ask for someone's help for you to step up and make yourself independent in the future.

I think it is not healthy to copy other peoples strategy, it may not work for you. Instead of doing this; you can simply study and practice the strategy to perfection. Refine and remodify it and set targets for yourself.

Don't just copy and trade signals or lectures.
full member
Activity: 574
Merit: 101
September 22, 2020, 04:07:29 AM
I saw some thread too right here on our forum which is some of the members are asking for some help about their trading techniques and what are the things they should do but on my opinion its better not to become a dependent person.

Search for your answer and don't just wait for the blessings we are avoiding getting spoon feeding to other members.

Also they can try the traditional way which is the wait for the market price goes into dip and sell it when it comes to ATH.   
member
Activity: 1120
Merit: 68
September 22, 2020, 03:26:07 AM

It's not bad to copy the strategy of the other people to make the trade if you are winning those trades why not it gives a lot of market profit to you all of the aims of the trader is to have some additional earning no matter what they did like copying other strategy or using your own.

If you think you are winning with their skills go use it still one of the best things to do is make your own trading skills too and combine with the knowledge of other people this is one of the best things you could do with the combination of different knowledge can make a good outcome towards to your profit.

Yes, if you're profiting using their strategy its good. I don't see anything wrong from copying others strategy. Life has always been like this. You copy then you improve it. That's how most of the successful people in life become successful. They are adapt other's strategy they improve it suitable to their style.
Indeed. There is nothing wrong with copying other people's strategy, as long as you don't claim it as your strategy. Using other people's techniques on trading could definitely help you make a successful trade, and combining it with your strategy for it would have a better outcome.  Sometimes, in your life, you need to ask for someone's help for you to step up and make yourself independent in the future.
full member
Activity: 784
Merit: 135
DeFixy.com - The future of Decentralization
September 21, 2020, 05:03:51 PM

It's not bad to copy the strategy of the other people to make the trade if you are winning those trades why not it gives a lot of market profit to you all of the aims of the trader is to have some additional earning no matter what they did like copying other strategy or using your own.

If you think you are winning with their skills go use it still one of the best things to do is make your own trading skills too and combine with the knowledge of other people this is one of the best things you could do with the combination of different knowledge can make a good outcome towards to your profit.

Yes, if you're profiting using their strategy its good. I don't see anything wrong from copying others strategy. Life has always been like this. You copy then you improve it. That's how most of the successful people in life become successful. They adapt other's strategy they they improve it suitable to their style.
member
Activity: 224
Merit: 16
September 20, 2020, 09:01:24 AM
Trading without learning trading strategy is just a foolish decision. For learning trading strategy one should study more and more. Before starting your trade you should gather knowledge and experience about trade. You can follow the traders who have a long days experience on trade. Then you can start your trade in small scale so that you can get practical knowledge. 
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
September 19, 2020, 07:04:25 PM
Market is in bad condition and btc is unstable and every 200 or 300 dollars moves of btc alt making bleeding. In this condition trade by yourself is good but don't forget to put proper stop loss if you are taking margin in your trade.

short term trading actually is good if you know how to strategise. sometimes you will gain more profit from this strategy as compared to long term hodling. that is, if you have the patience to do intermittent trading and watching the market closely.
 profit of 200 - 300 bucks many times is sometimes better than long term hodling. but you should know what you are doing here. with this strategy, you can already see your gains here in a very short period of time. and also, incorporate the fees (trading/transfer fees) that you are spending so you know your actual net profit from this game plan
full member
Activity: 293
Merit: 105
Love is all
September 19, 2020, 06:56:54 PM
Market is in bad condition and btc is unstable and every 200 or 300 dollars moves of btc alt making bleeding. In this condition trade by yourself is good but don't forget to put proper stop loss if you are taking margin in your trade.
member
Activity: 898
Merit: 19
Do it For Better Humanity (Bitget trader)
September 19, 2020, 05:48:47 PM
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 absolutely the best way to be successful in trading. When you trade by your self, you believe in your delve and use yout own logic for every trading you do.
hero member
Activity: 1190
Merit: 568
Sovryn - Brings DeFi to Bitcoin
August 22, 2020, 06:55:17 PM
You're right lazy people usually trade counting on bots or signals they need to form more profit with less work but it's never possible to trade nobody can succeed without diligence Most of the time the signals are with the incorrect signals so trading is at a loss. If we analyze the market ourselves and trade then we will understand the present state of the market and gain knowledge The above discussion is great for traders.
Yes that is why they put trust on bots, and to those individuals who they met and then give them free signals and after some  time  they are required to pay for signals. Group for signals and bots are not always good, for me trust in yourself is the better. Learn everything for yourself as well so that you will have a widen knowledge in trading.
hero member
Activity: 2982
Merit: 790
August 22, 2020, 12:25:38 PM
If people are really into it, they could learn a lot of things just by themselves.

People are usually doing things half-heartedly and that is the reason why there are still lapses in the process. If you want it, you do things to get it and that is not always instantaneous. I agree that following someone else's signals might lead you to path that you might understand in the long run, better learn by yourselves. There are a lot of things or sources to learn to.

It does really need some mix of passion on the things that you've been doing because if it lacks then you would definitely wont able to do it properly.If this one wont fit your interest then you will find a hard time

unlike when you do things on what interest you then you would really strive to learn things up and wont easily backed in even you do really commit mistakes unlike when you arent really that that much interested
then having a few tries and end up on being not profitable will really give out that giving up feeling directly. When it comes to sources then there are already complete and can be search through net
it all just matter on the effort on making yourself learn.

Everything is correct. The demo account is the best place to practice your skills. However, it is important to treat demo money as real money, otherwise nothing will work.

Its hard to presume out demo trading to be real ones and i have tried for many times.
sr. member
Activity: 1610
Merit: 372
August 22, 2020, 11:18:01 AM

Maybe you can also learn from others mistake as well, like this March when price went down I saw how a lot of people I knew sold their coins and when the price went back up, they were so ruined and regretful, so I got a lesson myself that if even I am holding some coins then just don't worry too much if a big dip happens.

A very good example. You received information based on a mistake made by your friends.
However, this information is not enough to correctly apply it in the future, for this you need to know when and where the price will move. Does this mistake give you such knowledge?

If the price, in March, would not go up, then the actions of your friends could not be regarded as a mistake.
We can know what mistakes others have made, but we cannot avoid them because we often do not know where we will make this mistake.

Exactly the reason I said if we can try and learn from others because not everyone can afford to make all the mistakes themselves and a lot of people bow out of trading while the time they learn about trading. If they try demo accounts for learning then they can save their capital for live trading. In my experience, "trade yourself" should start from demo accounts. If you are good in demo account then you can get into live trading.

Everything is correct. The demo account is the best place to practice your skills. However, it is important to treat demo money as real money, otherwise nothing will work.

member
Activity: 421
Merit: 47
August 19, 2020, 01:39:28 PM
trading itself seems like a very easy thing but it becomes our risk when trading because there are those who have big profits and some who have big losses. I used to also trade and I was a trader who didn't have a profit yet and eventually became a loss.
so trade take what is tranding now maybe from that we get a sizable profit.

Believe me honestly, trading can be very easy to do consistently but it is not easy. Trading is not all about learning the risks or losses, but understanding what principles and strategies you want to employ to understand how the trade market works so that you can forecast and also trade efficiently
legendary
Activity: 2996
Merit: 1188
August 18, 2020, 01:56:24 PM
I used to also trade and I was a trader who didn't have a profit yet and eventually became a loss.
so trade take what is tranding now maybe from that we get a sizable profit.
This is always being discussed here that anyone can start trading but only if you are knowing what you're doing then you can make profits from trading. This is not easier one like it is sounding. This is the reason most people are getting misguided by seeing some people's performance in crypto trading. The contribution of profit-making in trading in market hours is just only 20% and the remaining are how you are preparing yourself to react to market conditions during market hours.

So, trading by yourself must need lots of preparation which includes mastering technical analysis and practicing in live markets with very low capital. And moreover you must take time to experience the real market pressure so that you could get ready to trade in live market for actual profits from actual capital Smiley.
newbie
Activity: 14
Merit: 0
August 17, 2020, 10:02:55 AM
trading itself seems like a very easy thing but it becomes our risk when trading because there are those who have big profits and some who have big losses. I used to also trade and I was a trader who didn't have a profit yet and eventually became a loss.
so trade take what is tranding now maybe from that we get a sizable profit.
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