Trade by yourself - page 6. | Bitcointalksearch.org

spike420211

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Quote from: Lorokan on June 22, 2020, 05:00:48 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 only one type of training - learning from your own mistakes.

One of the most effective but at the same time one of the most expensive methods, because you have to pay for each mistake you make, and not every mistake you can correctly identify as a mistake, which can easily lead to an even bigger error in your newbie’s strategy. Learning is based on both his own and others' mistakes.

You can follow the signals, but follow them with a leash on paper, checking how they work, and asking the main question - why they work or do not work. Such an analysis will give you much more experience than just an independent practice.

Sebas.tian

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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.

Imagine the complex situations around the cryptocurrency market and somebody somewhere stick to trading with bot. Bots don't actually understand some complex situations the market is currently facing, most of their decisions are error prone decisions compare to human trading. Personally, I prefer to trade myself while I manage my portfolios against lose.

CarnagexD

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Quote from: KnightElite on July 23, 2020, 02:23:05 AM

Quote from: jostorres on July 22, 2020, 06:29:41 PM

Quote from: ChronoLite on July 22, 2020, 03:40:32 PM

it's always a great idea to trade by yourself, relying on signal is not a great idea as you can't learn anything by doing that. regardless of the result of your trade, you can learn something when you trade based on your choice instead of other people.

It can be a good idea because you will be having all the control but the requirement for getting ready to trade by ourselves must be very big. That is the reason not all the people are going for trading themselves. I mean when you are good at technical analysis and fundamental analysis then you can go for trading yourself.

Otherwise it is always good to go for hiring highly professional trader to take care of your capital. There are a lot of professional trader for offering such services for some fees. But, the outcome is always questionable because only you can trade for your capital more carefully and all others may not care to get you consistent profits.

I think the real reason why there are traders who are dependable on bots or in signals is because they are too lazy to learn technical and fundamental analysis. So basically they want to trade in easy way where they will not study and research about this analysis. Many traders fall for it because of they think that trading is quick rich scheme where if they rely on opinions and trading bots, they think that they can make profit from it but all of them are wrong and all of them keep incurring losses.

But what is the sense of trading if they don't know how manual trading works? If they keep on relying on those bots and don't want to learn technical or fundamental analysis with themselves, they will surely suffer as they keep on trading in the market. Being lazy is not an excuse, if you really want something, you will exert an effort to become good at it. I learned trading only with myself because I don't have any friends or someone I know that could help me learn about trading. As I stayed here in this forum and read a lot of information, day by day, I tried to apply all the knowledge that I learned. There are a lot of people here in this forum that enlightened me about the essence of technical analysis because it is much easier to use, IMO.

ChronoLite

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Quote from: KnightElite on July 23, 2020, 02:23:05 AM

Quote from: jostorres on July 22, 2020, 06:29:41 PM

Quote from: ChronoLite on July 22, 2020, 03:40:32 PM

it's always a great idea to trade by yourself, relying on signal is not a great idea as you can't learn anything by doing that. regardless of the result of your trade, you can learn something when you trade based on your choice instead of other people.

It can be a good idea because you will be having all the control but the requirement for getting ready to trade by ourselves must be very big. That is the reason not all the people are going for trading themselves. I mean when you are good at technical analysis and fundamental analysis then you can go for trading yourself.

Otherwise it is always good to go for hiring highly professional trader to take care of your capital. There are a lot of professional trader for offering such services for some fees. But, the outcome is always questionable because only you can trade for your capital more carefully and all others may not care to get you consistent profits.

I think the real reason why there are traders who are dependable on bots or in signals is because they are too lazy to learn technical and fundamental analysis.

it is either they are too lazy or want to have instant money as many people said that trading is a quick and great way to earn money, but in reality there are so many factors and requirements you have to do before mastering trading or at least get the decent amount of profit through trading

KnightElite

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Quote from: jostorres on July 22, 2020, 06:29:41 PM

Quote from: ChronoLite on July 22, 2020, 03:40:32 PM

it's always a great idea to trade by yourself, relying on signal is not a great idea as you can't learn anything by doing that. regardless of the result of your trade, you can learn something when you trade based on your choice instead of other people.

It can be a good idea because you will be having all the control but the requirement for getting ready to trade by ourselves must be very big. That is the reason not all the people are going for trading themselves. I mean when you are good at technical analysis and fundamental analysis then you can go for trading yourself.

Otherwise it is always good to go for hiring highly professional trader to take care of your capital. There are a lot of professional trader for offering such services for some fees. But, the outcome is always questionable because only you can trade for your capital more carefully and all others may not care to get you consistent profits.

I think the real reason why there are traders who are dependable on bots or in signals is because they are too lazy to learn technical and fundamental analysis. So basically they want to trade in easy way where they will not study and research about this analysis. Many traders fall for it because of they think that trading is quick rich scheme where if they rely on opinions and trading bots, they think that they can make profit from it but all of them are wrong and all of them keep incurring losses.

jostorres

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Quote from: ChronoLite on July 22, 2020, 03:40:32 PM

it's always a great idea to trade by yourself, relying on signal is not a great idea as you can't learn anything by doing that. regardless of the result of your trade, you can learn something when you trade based on your choice instead of other people.

It can be a good idea because you will be having all the control but the requirement for getting ready to trade by ourselves must be very big. That is the reason not all the people are going for trading themselves. I mean when you are good at technical analysis and fundamental analysis then you can go for trading yourself.

Otherwise it is always good to go for hiring highly professional trader to take care of your capital. There are a lot of professional trader for offering such services for some fees. But, the outcome is always questionable because only you can trade for your capital more carefully and all others may not care to get you consistent profits.

ChronoLite

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it's always a great idea to trade by yourself, relying on signal is not a great idea as you can't learn anything by doing that. regardless of the result of your trade, you can learn something when you trade based on your choice instead of other people.

Arkann

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It is thanks to all the feedback I see on bitcointalk that I will never use any signal. all these groups, which provide information on further developments in the cryptocurrency market in relation to a certain cryptocurrency, are trying to create conditions in order to make a profit thanks to the actions of deceived traders. If it were that easy, then everyone would be at least a millionaire.

South Park

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Quote from: slapper on July 17, 2020, 08:32:14 AM

Quote from: suryapro on July 14, 2020, 05:33:50 PM

I don't believe subscribing for signals is wrong, it doesn't stops you from learning and growing, you learn daily and gather experience from what you see happening in the market. I don't think you can just rush into trading as a newbie without seeking for advice or help from an expert, so as not to lose your capital.

Following signals is not wrong, but over time, it will make you become more dependent and the learning progress my be interrupted. I used to follow several signals before truly find a good source to increase my knowledge about trading. Well, when I first joint a signal, honestly, after a few correct signals, I totally trust this signal and put much more money as well as increase the volume, which causes me to lose a huge amount of amount. Then I realize that learning is the only way to control everything, including myself in trading. Right now, I still spend most of my time to enhance my skills and knowledge. There are still many things required and I will not give up. I love trading so much and this is the way to make me control everything in my life

I will argue that in fact following signals is wrong, the first reason is that it does not make much sense to give signals, after all if you can obtain profits in the markets why give signals when you can use that knowledge to make money, even worse your profitable system could be reverse engineered by a smart person and then he could use that system to compete against you and reduce your profits that way, finally there are many scammers giving the impression they are giving signals when in fact they are nothing but a pump and dump group ready to take your coins in something that is clearly illegal but that the lack of regulation in this market allows to continue uninterrupted.

asyakashi

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Quote from: diazepam666 on July 19, 2020, 07:51:24 PM

Quote from: asyakashi on July 19, 2020, 06:42:51 PM

Quote from: iv4n on July 19, 2020, 05:15:58 AM

Quote from: asyakashi on July 18, 2020, 07:59:44 PM

It is important to keep learning, and to ignore ridicule. trade is a blend of theory and emotional control.
need time to become a professional trader.

Time is needed, and many mistakes has to be made before you became an experienced professional. It's how it goes, with practice you try things, sometimes it's good sometimes it's bad, all that is the learning proces, you can't become pro without that.
And this is the best way to learn about trading, how to trade on your own and to rely on yourself. Only that is good for long run, everything else is just temporary.

that's what I experienced, one time I relied on the signal but it was all fake. even intend to use bots, and this is saturation and surrender. I found no other ideas but to study by myself and determine a suitable trading style.

You are right, self trading style is always supporting to all the traders, But we must active in social media and our investment coin then only we always make positive reach in trading. Professional traders are just monitor the market and fix the bunch so they have more attention in crypto market. But mid term and long term traders are invest and hold the promissing coin. I hope self trading is always satisfy our Bucket

The combination of long and short term trading is a good idea, it is difficult to get a profit of more than 30% in daily trading. Long-term trading allows greater profits. by paying attention to potential coins like doge.
I do it.

Savemore

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Quote from: diazepam666 on July 19, 2020, 07:51:24 PM

Quote from: asyakashi on July 19, 2020, 06:42:51 PM

Quote from: iv4n on July 19, 2020, 05:15:58 AM

Quote from: asyakashi on July 18, 2020, 07:59:44 PM

It is important to keep learning, and to ignore ridicule. trade is a blend of theory and emotional control.
need time to become a professional trader.

Time is needed, and many mistakes has to be made before you became an experienced professional. It's how it goes, with practice you try things, sometimes it's good sometimes it's bad, all that is the learning proces, you can't become pro without that.
And this is the best way to learn about trading, how to trade on your own and to rely on yourself. Only that is good for long run, everything else is just temporary.

that's what I experienced, one time I relied on the signal but it was all fake. even intend to use bots, and this is saturation and surrender. I found no other ideas but to study by myself and determine a suitable trading style.

You are right, self trading style is always supporting to all the traders, But we must active in social media and our investment coin then only we always make positive reach in trading. Professional traders are just monitor the market and fix the bunch so they have more attention in crypto market. But mid term and long term traders are invest and hold the promissing coin. I hope self trading is always satisfy our Bucket

Self trading can make us better trader, imagine if we keep relying on bots and in other people for sure there will be no room for improvements and basically it cannot be called as trader if we keep dependable on others. Our self is the only one who can help us especially if we want to become an advanced trader, other can give us knowledge but it doesn't mean that we should rely on them. We cannot become a profitable trader if we keep relying on others, what I said is the truth so we should make sure that we trade with ourselves only.

diazepam666

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Quote from: asyakashi on July 19, 2020, 06:42:51 PM

Quote from: iv4n on July 19, 2020, 05:15:58 AM

Quote from: asyakashi on July 18, 2020, 07:59:44 PM

It is important to keep learning, and to ignore ridicule. trade is a blend of theory and emotional control.
need time to become a professional trader.

Time is needed, and many mistakes has to be made before you became an experienced professional. It's how it goes, with practice you try things, sometimes it's good sometimes it's bad, all that is the learning proces, you can't become pro without that.
And this is the best way to learn about trading, how to trade on your own and to rely on yourself. Only that is good for long run, everything else is just temporary.

that's what I experienced, one time I relied on the signal but it was all fake. even intend to use bots, and this is saturation and surrender. I found no other ideas but to study by myself and determine a suitable trading style.

You are right, self trading style is always supporting to all the traders, But we must active in social media and our investment coin then only we always make positive reach in trading. Professional traders are just monitor the market and fix the bunch so they have more attention in crypto market. But mid term and long term traders are invest and hold the promissing coin. I hope self trading is always satisfy our Bucket

asyakashi

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Activity: 1918

Merit: 256

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Quote from: iv4n on July 19, 2020, 05:15:58 AM

Quote from: asyakashi on July 18, 2020, 07:59:44 PM

It is important to keep learning, and to ignore ridicule. trade is a blend of theory and emotional control.
need time to become a professional trader.

Time is needed, and many mistakes has to be made before you became an experienced professional. It's how it goes, with practice you try things, sometimes it's good sometimes it's bad, all that is the learning proces, you can't become pro without that.
And this is the best way to learn about trading, how to trade on your own and to rely on yourself. Only that is good for long run, everything else is just temporary.

that's what I experienced, one time I relied on the signal but it was all fake. even intend to use bots, and this is saturation and surrender. I found no other ideas but to study by myself and determine a suitable trading style.

tbterryboy

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Quote from: BigBos on July 18, 2020, 10:52:43 PM

only, by trading continuously will not make every prediction step that you do will become a reality. in fact, if you trade continuously without looking for important information or things, you will only wait for a long period of time.

Yes, there are a lot of benefits we can enjoy when trading by ourselves. In my understanding, if you're continuously making signals for your trading then you will become expert like a professional trader one day or other.

But you should not make use of your own signal from the beginning itself; because like you mention that will make you wait long period of time if you enter by wrong signal. When your experiences is low then when you're trading by yourself, you must trade only with very least capital. Trading with least capital should be assumed the like "trial run" to evaluate your signal generating capabilities.

Quote from: BigBos on July 18, 2020, 10:52:43 PM

it's a matter of whether the coins you choose are true or false. it's just that, by trading continuously, you will find your own way to choose coins that are on the market.

You mean choosing right coin or not? Yes, it will be the matter of time; by experience we can choose the right coin for our trading purposes because there are a lot of coins are available in the market and one simple click here could be choosing coins which are having good volume in every 24 hours will help to trade better.

iv4n

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Quote from: asyakashi on July 18, 2020, 07:59:44 PM

It is important to keep learning, and to ignore ridicule. trade is a blend of theory and emotional control.
need time to become a professional trader.

Time is needed, and many mistakes has to be made before you became an experienced professional. It's how it goes, with practice you try things, sometimes it's good sometimes it's bad, all that is the learning proces, you can't become pro without that.
And this is the best way to learn about trading, how to trade on your own and to rely on yourself. Only that is good for long run, everything else is just temporary.

BigBos

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this is quite true. only, by trading continuously will not make every prediction step that you do will become a reality. in fact, if you trade continuously without looking for important information or things, you will only wait for a long period of time. however, it's a matter of whether the coins you choose are true or false. it's just that, by trading continuously, you will find your own way to choose coins that are on the market.

asyakashi

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It is important to keep learning, and to ignore ridicule. trade is a blend of theory and emotional control.
need time to become a professional trader.

pixie85

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Quote from: mithun303 on July 18, 2020, 05:20:21 AM

It is better to be rich in one's knowledge than to be rich in the knowledge of others. Why don't you defend on others but you have to know about it then not cant man from others but if you don't have any knowledge about trading at all then there is no benefit from knowledge of other.

Others who make their predictions public allow you to know the market psychology. If all known traders start posting about the market going up you know the crowd is going crazy and the sentiment is positive.

You don't have to rely on others with your trades but it's good to build a strategy knowing what the masses think.

bitcoinisbest

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Quote from: mithun303 on July 18, 2020, 05:20:21 AM

It is better to be rich in one's knowledge than to be rich in the knowledge of others. Why don't you defend on others but you have to know about it then not cant man from others but if you don't have any knowledge about trading at all then there is no benefit from knowledge of other.

Self-help is the best help. And during this time when we have time being at home, it is so good to read books online and learn about it. See videos and research on it. Start with limited capital on most liquid coins and over a period with experience one will be able to understand the buy/sell signals. It may not be easy but surely it is not impossible as well.

gabbie2010

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Quote from: SARA ISLAM on July 12, 2020, 01:11:06 PM

It is not possible to succeed in any kind of business without learning and trading without learning, whether it is a cryptocurrency, commodity or forex trading. If one wants to trade in a successful way, then one must take education. No work can be successful without education.

but the story differs from trading, work in the real world does have to take education,
but in cyberspace we don't have to follow that path, enough to learn independently, and study it regularly

Definitely you just have to learn trading passionately of course success comes with hard work and perseverance while education and knowledge is the key to become a successful trader I don't. subscribe to following signals I had devoted my time in learning how to trade forex independently and gradually I had started to make profits although I am still demoing while with time I am very sure of dealing with emotion and fears while trading to gain experience better than waiting for any fictitious signals.

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