Trade + study = great combination - page 2.

milewilda

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Quote from: imstillthebest on March 24, 2021, 02:35:20 PM

Quote from: zanezane on March 24, 2021, 02:34:11 AM

Quote from: santiPOGI on March 23, 2021, 06:37:36 PM

I never heard of that what you are saying here in the forum. However, copying others trade for me is not a good thing, because you have no originality. It is still better to learn trade and earn with your experience in the actual exchange platform. But not in copying others trade style.

Why worry about the originality when you are guaranteed to profit, it is a known tactic and I do think that it is a good thing because it is convenient for you because you don't have to put in the additional effort of analysis because you are just copying what that successful trader does. In the world of finances, originality is laughed at because it is risky and it doesn't guarantee a profit and people love to get profit so what works is what they are going to do.

this is the only industry where someone will share their hardwork to others but i guess they can make comissions for doing that if that strategy is guaranteed sure win but for other industry ( arts and music for ex. ) they dont want to share their works because it was copyrighted by the artists .
its fine to copy trade but if you think that this thing makes you a weak trader because your depending on other traders skill you can quit doing that and learn to trade by your own.

Copying isnt bad but it will vary on how far you've been depending on it which wont really be giving out some advantages on you when we do talk about long term but if you are
a person who do keep learning while you do follow someones trade by making up some review or some test up then i dont see for it to be an issue.Its just on how you do handle
out yourself when it comes to self learning yet this is the main reason on why we do say that following someones trade is really not giving significance at all when it comes to learning.
Trade+study+perseverance+emotion handling = success trading career.

imstillthebest

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Quote from: zanezane on March 24, 2021, 02:34:11 AM

Quote from: santiPOGI on March 23, 2021, 06:37:36 PM

I never heard of that what you are saying here in the forum. However, copying others trade for me is not a good thing, because you have no originality. It is still better to learn trade and earn with your experience in the actual exchange platform. But not in copying others trade style.

Why worry about the originality when you are guaranteed to profit, it is a known tactic and I do think that it is a good thing because it is convenient for you because you don't have to put in the additional effort of analysis because you are just copying what that successful trader does. In the world of finances, originality is laughed at because it is risky and it doesn't guarantee a profit and people love to get profit so what works is what they are going to do.

this is the only industry where someone will share their hardwork to others but i guess they can make comissions for doing that if that strategy is guaranteed sure win but for other industry ( arts and music for ex. ) they dont want to share their works because it was copyrighted by the artists .
its fine to copy trade but if you think that this thing makes you a weak trader because your depending on other traders skill you can quit doing that and learn to trade by your own.

doomloop

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Quote from: maniacmusic on March 11, 2021, 07:25:06 AM

Just imagine, “you simply let someone else develop the trading strategy for you by directly copying the exact same trades they make”. In addition, you can analyze and study the crypto market and strategies you followed, and interact with the traders.

I agree with the author's choice. Those platforms are interesting in their own way, and traders of different levels and with different goals can find the right platform.

Coinmatics is a new and fast-growing platform that will be good for beginners since it has a user-friendly UI and intuitive tools. I think almost everyone knows about eToro, and it is the best match for advanced users (just check their multi-functional platform). Zulutrade has a huge education base in addition to forex and copy trading. The fans of cloud-based systems will like Zagnaly and Shrimpy. I am fascinated by this discovery in our crypto world. What do you think about such crypto copy trading platforms? If you ised some of them I want to hear your experince.

Trading for real is the only way to learn, if you study that would be great, studying would help you a lot, but even the best student who have studied everything amazingly will not be capable of profiting on their early trades, at least not consistently because no matter how much you think you know, if you never traded before that means you are not going to make a profit from it neither. That is why I think it is quite obvious that we do study and learn as much as we can but we try to trade a lot and learn that as well, without that we are not going to be profiting in the end.

This is why I think it is crucially important for everyone to get involved. Of course if you do not want to be a certain type of trader you do not have to learn that part, but learn as much as you can and experience as much as you can in order to be good so that you can get consistent.

zanezane

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Quote from: santiPOGI on March 23, 2021, 06:37:36 PM

I never heard of that what you are saying here in the forum. However, copying others trade for me is not a good thing, because you have no originality. It is still better to learn trade and earn with your experience in the actual exchange platform. But not in copying others trade style.

Why worry about the originality when you are guaranteed to profit, it is a known tactic and I do think that it is a good thing because it is convenient for you because you don't have to put in the additional effort of analysis because you are just copying what that successful trader does. In the world of finances, originality is laughed at because it is risky and it doesn't guarantee a profit and people love to get profit so what works is what they are going to do.

santiPOGI

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I never heard of that what you are saying here in the forum. However, copying others trade for me is not a good thing, because you have no originality. It is still better to learn trade and earn with your experience in the actual exchange platform. But not in copying others trade style.

StartupAnalyst

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I’m not a fan of such platforms. Usually you have to pay for using such a platform and to the trader whose strategy you are copying. Moreover thoughtless copying of someone’s strategy can hardly teach you trading; you will rely on someone’s knowledges and forget about prudence. This can lead you to the total crash. So be very caution with these platforms. Choose the charge free one, read there, communicate, use it like a source of information but not participate in copying strategies. This might not go to end well.

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Quote from: Jemzx00 on March 22, 2021, 08:41:34 AM

Quote from: Darkelf11 on March 22, 2021, 04:32:22 AM

I think the best possible combination is trading + experience + good platform + knowledge = good profit. There are different things we should consider to make trading. We have different expertise so it depends on their adaptation to the environment they have just to earn profit regarding trading.

Trading becomes harder if your self still in the void.

Two major things that every expert trader should have are knowledge and experience as these two combined are sufficient enough to bring ones trader a fortune and profit. But yes, there are minor things such as the platform, emotions, and capital can impact your trading progress. These minor factors can hold you back from earning and trading on such occasions but in the long run knowledge and experience can make up for those.
Anyway, trading takes time but it also depends since I've known people who got literally lucky on the coin they've invested which boom on the short run.

The successful traders never quit. I know that these people never succeed instantly but they suffered losses at first due to a lack of knowledge, trading skills, and strategy. But that because they wanted to reach their goal, they find a way to improve their knowledge and that it can only be possible if they don't get lazy to study the market behavior, keep searching, and applying learnings from their mistakes.

Trade + study = not enough to win this challenge, it also needs to have strong determination and goal setting. This will create motivation to achieve what we aim for.

TedMosby

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the first time I tried copy trading was about a few months ago.
I thought copy trading is an easy thing because the platform also presents the trader's stats (win rate, etc.)
however, I realized that those traders open many positions to get profits.
so, when you have $50 for copy trading, you can only copy 5 positions if the minimum amount of each copy trade is $10.
those traders can open a bunch of positions. they would do cut-loss some of their position too.
when you have bad luck, you could end up copying their positions that need to be closed due to cut-loss.

in a nutshell,

you only afford to have 5 positions. meanwhile, the trader has many.

trader:
1. profit 10%
2. loss 5%
3. win 20%
4. loss 5%
5. loss 50%
6. profit 70%

at this point, the traders can get profit because he successfully recovers their loss on that 6th position.
but, you can only copy him until the 5th position due to your capital is limited for 5 positions only.
CMIIW.

Jemzx00

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Quote from: Darkelf11 on March 22, 2021, 04:32:22 AM

I think the best possible combination is trading + experience + good platform + knowledge = good profit. There are different things we should consider to make trading. We have different expertise so it depends on their adaptation to the environment they have just to earn profit regarding trading.

Trading becomes harder if your self still in the void.

Two major things that every expert trader should have are knowledge and experience as these two combined are sufficient enough to bring ones trader a fortune and profit. But yes, there are minor things such as the platform, emotions, and capital can impact your trading progress. These minor factors can hold you back from earning and trading on such occasions but in the long run knowledge and experience can make up for those.
Anyway, trading takes time but it also depends since I've known people who got literally lucky on the coin they've invested which boom on the short run.

isaac_clarke22

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Quote from: molsewid on March 21, 2021, 03:14:39 AM

Quote from: iv4n on March 16, 2021, 03:33:04 AM

~

I do believe also that trading isn't for everyone because we as a human has a different level of curiosity, different level of taking risks and different type of passion and likeness in life. Doesn't mean that trading suited in him will surely suit in you too. But i do believe that crypto is for everyone unless we have the eagerness to learn about the blockchain. So from knowing crypto we could link the aspect of trading. Learning trading was also like learning crypto, before you can enter to the game you must first hand have the basic knowledge about it.

Maybe not for everyone but it still can be learned sometimes.
Just like when one cooks, not everyone can be like those master chefs around the world but anyone can still manage to cook in their own pace.
It is just that one would be at a disadvantage, but that doesn't stop one to still learn and master trade.
I've been teaching programming and not anyone is a programmer, but anyone can program because it is still learnable.

Darkelf11

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I think the best possible combination is trading + experience + good platform + knowledge = good profit. There are different things we should consider to make trading. We have different expertise so it depends on their adaptation to the environment they have just to earn profit regarding trading.

Trading becomes harder if your self still in the void.

tygeade

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Quote from: conected on March 13, 2021, 09:34:08 AM

Copy trading will not please anyone, although this method from the very beginning has the good characteristics that we will not need too much experience, we can follow in the heels of professionals and make a profit but the market and exchanges will not give us such an easy gift, this method has problems as it involves leveraged trading. The starter will not have too much spread when setting the order while we are the ones placing orders behind them, the price difference will be quite large, don't fall for this simple trap, try to win with our skills

I think it used to have a great idea, but just from the early days of this idea getting famous, we have reached to a huge bull run that saw bitcoin reach from 5k to 60k now in a year, so it was always something that was a bit risky, it was always something that was a bit dangerous but never really looked so profitable, so people saw everyone profiting and they started copying those who made money but didn't realize that those people made money because they were in a lucky market, whereas we may not 6x again for a long time in bitcoin.

So, what happened was, copy trading was calm and good and improving, some lucky people made 5x profit, others followed to make 5x too, and failed, and now copy trading is bad. That is why I always say that nobody should do something because it is hyped, it could end up hurting them the most because they got in with the hype.

Theones

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If you mean trade and also study what's going on in crypto market, then its best possible combination. What we really do is blind trading aka trading without studying the facts and figures. Trading with mind is best possible combination.

molsewid

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Quote from: iv4n on March 16, 2021, 03:33:04 AM

Don't get the wrong idea from the headline, trading is not for everyone! And to make money with trading, you need to have some money first!

Crypto is a great combination with almost everything! You can always find something interesting in crypto, something that you like, from what you can earn, or where you can make a profit with some starting investment! I often say how crypto is a world for itself, there're so many things and mostly new stuff for all of us! We have to read and learn than try it and practice it... and when you figure out one thing (or you didn't even come to that point of understanding something) here is a new thing that is drawing your attention.

I guess that previous education, current status (student, worker, unemployed), profession, age... can give you certain advantages, but they are not essential! Crypto is open for everyone, so anyone is free to come and learn! And in that process, it's possible to earn and make money!

I do believe also that trading isn't for everyone because we as a human has a different level of curiosity, different level of taking risks and different type of passion and likeness in life. Doesn't mean that trading suited in him will surely suit in you too. But i do believe that crypto is for everyone unless we have the eagerness to learn about the blockchain. So from knowing crypto we could link the aspect of trading. Learning trading was also like learning crypto, before you can enter to the game you must first hand have the basic knowledge about it.

jrrsparkles

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Copy trading is not for someone who wants to do trading as their main job, it is smart but not effective as far as I heard from the people who is having experience. There are lot of ads you can see about the positive things about copy trading but no one is talking about the negative side?

If someone made huge profits from a trade doesn't mean he will be successful all the time, the pro can bear the losses but for a newbie it will be unbearable.

CryptopreneurBrainboss

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Quote from: Traderbtcc on March 15, 2021, 06:48:38 PM

I was expecting a totally different write up, but to be honest I don't have any interest in copying or trading by other people's strategies, cause if they make a wrong trade decision I will lose my capital alongside, so I have come to conclusion that if I must trade it must be from my own findings and trading strategies only,

Not just the losing of capital that's brutal, you don't also gain any experience since the trade wasn't yours in the first place. In trading getting the experience and educating you need from lessons is very vital so you don't repeat such mistakes again. There's one thing professional traders have in common which is mistakes they have all made in the past and all learnt from them that way they won't repeat such mistakes.

Your topic should be study plus trading as that's more appealing, you saying trade plus studying is more like saying we can engage ourselves in the act of trading then begin studying which shouldn't be the case as we're all meant to learn, practice before we can start live trading.

Johnyz

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Quote from: JooBra on March 16, 2021, 03:02:50 PM

Quote from: Swopon on March 16, 2021, 12:28:00 PM

I agree with this. Because in cryptocurrency money is not the only fact you can't depend on just investment. If you want to get some positive returns then you have acquired more knowledge and practice more and more. You have to study about the market condition, the study doesn't mean to take any degree it means that you have to research on that and stay connected with the market.

Studying and trading it's still better then going heads in. With time there will come experience and it's gonna be a success for sure. How much success depends on how good a person can control their emotions.

Having your own style in trading is different on following any trading advice and this is why I encourage everyone to study trading and don’t just buy and sell without a proper planning. Having strategies can also be a big help, don’t skip this part and never depend to anyone when it comes to trading. Succeed on your own, and focus on your own timeline, don’t compare your trading result to others.

darewaller

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Quote from: maniacmusic on March 11, 2021, 07:25:06 AM

Just imagine, “you simply let someone else develop the trading strategy for you by directly copying the exact same trades they make”. In addition, you can analyze and study the crypto market and strategies you followed, and interact with the traders.

I consider copy trading or just blindly following others trade as betting on sports with the help of tipster because they are quite similar, you feel confident in your tipster and bet on their picks and in copy trading you are doing the same. It is way better to make mistakes but learn rather than trying to avoid mistakes but skip the learning.

It's more like skipping a class during studies in the fear of failing than actually facing it, learning, and moving ahead. The problem with skipping is that you miss a lot of things that you would have traditionally learned had you focused on learning and didn't chase earnings.

Others cannot help you by holding your finger throughout your life, at a certain point you have to start taking risks or at least be brave enough to make mistakes but learn in the process.

Mahanton

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Quote from: JooBra on March 16, 2021, 03:02:50 PM

Quote from: Swopon on March 16, 2021, 12:28:00 PM

I agree with this. Because in cryptocurrency money is not the only fact you can't depend on just investment. If you want to get some positive returns then you have acquired more knowledge and practice more and more. You have to study about the market condition, the study doesn't mean to take any degree it means that you have to research on that and stay connected with the market.

Studying and trading it's still better then going heads in. With time there will come experience and it's gonna be a success for sure. How much success depends on how good a person can control their emotions.

Success isnt assured because not all to those who trade would gain up experience even though they do able to attain that but doesnt mean that they would succeed.
Lots of factors first need to be considered to climb up into the ladder.To think that trading isnt for everybody because there are instances that no matter how hard you do make
out some trades, no matter how hard you do try to learn up but still not enough to make yourself sustainable.There are real life situations on this trading market
which individuals turns out to be still on the losing side in spite on trading for how many years.

Innerpumper

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Quote from: maniacmusic on March 11, 2021, 07:25:06 AM

I came across this article and definately want to share it with you: https://techbullion.com/best-5-crypto-social-trading-platforms/

It's worth reading if you would like to start crypto trading and don’t know from what and where to start.

Just imagine, “you simply let someone else develop the trading strategy for you by directly copying the exact same trades they make”. In addition, you can analyze and study the crypto market and strategies you followed, and interact with the traders.

I agree with the author's choice. Those platforms are interesting in their own way, and traders of different levels and with different goals can find the right platform.

Coinmatics is a new and fast-growing platform that will be good for beginners since it has a user-friendly UI and intuitive tools. I think almost everyone knows about eToro, and it is the best match for advanced users (just check their multi-functional platform). Zulutrade has a huge education base in addition to forex and copy trading. The fans of cloud-based systems will like Zagnaly and Shrimpy. I am fascinated by this discovery in our crypto world. What do you think about such crypto copy trading platforms? If you ised some of them I want to hear your experince.

During this time I only learned cryptocurrency and get signals from telegram channels. and if to make predictions using only tradingviews. I'm just a little confused as to how they can get good news about the coins they're newsing. What's from the special group? or anything else? and i just heard about coinmatics i will try it to apply it in the world of trading.

Topic: Trade + study = great combination - page 2. (Read 787 times)