Topic: Trading on your own vs social trading and copy trading - page 2. (Read 1336 times)

I agree to that, as basis we can use those share strategy and we can make some tweaks to make it workable with our own trades, following blindly not knowing what are the consequences will surely put your investment at risk, you need to adopt and you need to keep pursuing to learn more, with that kind of mindsets you'll be able to find success.

Take your own path while using every resources that you have to adopt and to make a proper adjustment between your type of an investors and the market that you are involving yourself.

I've been hearing about this and how it's quite easy setting up modifications that'll make you profitable, seem I'll consider in checking this out.. Thanks for your sharing.

Since the OP already has good experience with trading. I'd recommend he tries out copy trading. Platforms like Bitget has one-click copy trade section with Millions of expert traders. His trading skills will sure be useful in analyzing which expert trader to copy their trades instead of just asking for signals. Copy trading is more profitable as you'll be copying a professional trader directly as as soon as the expert place their own trade.

It is really the argument that follows from "Give a man a fish and he eats for a day. Teach a man how to fish and he will eat for life". Same here. Except this is more about cryptocurrency and trading.

But you are right to worry about over-trading. Those trading fees add up to a large amount. A lot of traders, especially newbie traders, whittle away their money little by little until a very large chunk of it is gone. And why? Because they wanted to enter and exit trades out of panic or some other pointless reason.

Trading fees are really silent money-eaters.

Trading can be so complicated especially futures trading and one may incur terrible losses if ones TA isn't good enough and that's why it's good to learn from top expert by copying their trades. Although it's advisable for one to learn trading by himself on the long-run but copy trading is a great start to learn. From my experience trading across several platforms, Bitget has the highest top elite traders and I have used it in the past while still trying to master my trading skill.

Following other people's trading methods is not a problem as long as we don't immediately adopt their method and first try to analyze and adjust. Trading on your own will be much more satisfying, but we also need to consider several trading strategies that people use so that there are many ideas that we can use. Thinking about trading is not easy to carry out because perhaps not everyone can master it and when someone is willing to learn there is a way to perfect it.

Direct involvement is important in trading so that we know how to do it and what becomes a problem when we are involved in trading but have no knowledge at all. This is the mistake that needs to be avoided because whatever we follow should have a view about running it because otherwise we would be betting instead of trading.

It is not really "difficult" to become better trader yourself, but it takes time and most people do not want to spend time on it, that's the main problem. I understand the feeling, it may feel like you do not want to spend any time on it, but the reality is that you are going to end up spending long time on becoming better.

Not because it's hard, it's actually not that difficult to become a good trader and the only reason it takes so much time is because there are so many things to learn. While you learn them quickly and easily it doesn't mean that it will be quick overall because when you put in many tiny easy things back to back for months it's still months that you have to spend on learning how to be better at trading.

Yeah right, trading at your own knowledge and be successful with how you find best strategy is always better compared to following someone and blindly place your position without knowing what is the fate of your trade, think about making your own system and execute it the way you wanted it to be.

With that idea, there's no one to be blame aside from your own assessment, you'll be able to adjust from time to time once you already understand the proper way of doing the trade.

You are right there; doing the trading ourselves on any exchange can help a lot. Also, be careful about joining signal groups, as there are often many exploitative people using such groups and crypto signals.

Especially with the trading signals that can always be seen in Telegram group channels. Know well that before believing in signal groups, it is better that you do your own personal trading here in the crypto space.

For me trading independently would be much better because we are not in contact with other people dan is that when we intend to trade alone, the main thing we need to pay attention to is how to trade correctly. Seeing and learning about trading from people who are professionals is quite good because it will provide us with knowledge. Over trading can be minimized if someone knows how to be responsible for the activities they carry out and this all must be looked at based on the knowledge they have.

Trading ideas will be much better when you yourself know how to do analysis and trying to imitate other people's trading patterns will usually be quite problematic, unless you learn from someone who is experienced. Trading does not guarantee profits all the time and even experienced people experience losses at certain times so they need to prepare themselves if that happens.

   You know that it is still different for us to learn the technique ourselves to discover the correct understanding of trading in the field of crypto business. because when we get and apply trading on our own correctly, it will be easier for us to understand the practice or entry into copy trading.

   It's also not good that we just enter these categories without knowing anything because there are high chances that our capital will burn in them. It is unlike us to conduct our own discreet trading that can tell if the result will always be organic in the end.

When you are just starting or shall we say a complete noob then having those kind of following or checking out someones trades arent that a bad idea either. It is really just that there are ones who are really that relying on it for the rest of their lives on the time that they do trade without even having those plans on trying out to make on their own. Whereas, there would really be those individuals who would really be
be making on their own trading ways and methods on how they would really be able to sustain this unpredictable and random market on which technicals and fundamentals doesnt really work all the time.
This is why it would really be that best that you should really be trying out to make on your own so that whenever those sources or people around is gone then you could be able to survive on your own.

It is really a matter of choice on which path you would really be taking. Some do see that copy trading is convenient.Yes, it is but its not something that could
really improve out your skills on doing trading because you arent the ones who do make out such analysis which it is really that from others.
On the time that they would be gone, then what you would gonna do?

Trading on you own is better than picking signals from group and from people because when you get addicted to always getting signals to me you are not a trader. It is better to learn then. You can easily experiment what ever you have learnt. And whe. You fail you can even learn from your mistakes. What is the essence of trading and you don't even know how to do tech technical analysis. And having full control of how you run the market will be better, the most important thing is that you are in charge. I can learn continuously from other people's trade. And a lot of people pay heavily just because they want to get signals, only lazy people will not want to learn. And that is why they are always massive loss, just because people have failed to learn.

One should always give more importance to one's own competence in trading. Relying on others or directly copying other traders never gives good results. Everyone has their own strategy in trading and every trader has to apply that strategy in trading. I am trading I have my own strategy, the strategy I am successful in now may not be successful in the same strategy. If in the beginning a trader is not getting much success in trading then I would say that the trader should try harder and develop his own trading skills so that the trader does not have to depend directly on someone else later on. If you trade by following others, you will never learn anything by yourself, it is very important to know about your own trading, so you should always trust yourself.

Copy trading for me is fine and I'd still choose to trade on my own. I know myself and there will be more times that I'd fail myself and lose my trades but that's feeling better than relying on someone's signal and social with them and in the end, after following their confident advises and trades, you'd still lose.

This is what trading is all about, being patient and how you'd overcome the market by becoming profitable and that means you're a good trader.

Personally I prefer to trade on my own than joining any social trading group or copying others trade .I have lost lots of money paying for those types of groups .I now trade on my own using the small knowledge I have of trading . Better to be patient and wait for my set-ups  cause with time i can become a profitable trader

Just like everyone mentioned, trading your own is a lot better than all of this. The idea that you could make your own money without the helps of anyone else is important because it will give you a way to get better forever. The good old "do not give a man fish, teach him how to fish" part is the most important part. If you end up teaching him how to fish then he will just be able to do it better. In this case, nobody will teach you how to fish, so you have to go out and learn it on your own.

Spending time on becoming better is a difficult one, many people are missing that and it should be important to keep trying no matter how long it takes in order to become a good trader yourself, it may take months, even years, but you should keep trying.

Trading on your own is great if you've got the skills and time. You're in full control, making your own calls based on your research and instincts. The upside? All the profits are yours, and you get a real hands-on understanding of the market. But the catch is it's time-consuming, and the learning curve can be steep. Plus, the responsibility is all on you, so you've got to be ready to handle the stress, especially when the market gets wild.

Now, about social trading and copy trading – these are awesome if you're still figuring things out or if you're strapped for time. Find the best social trading platform, and the big pro here is you can learn from experienced traders. You see what they're doing, understand their strategies, and even mirror their trades. It's like having a mentor guiding you along.

But here's the thing: you've got to be super careful about who you're following. There are legit pros out there, but also scammers looking to make a quick buck. So, do your homework, check their track records, and don’t just follow anyone blindly.

Social trading has the added benefit of community support. You're not just copying trades; you're part of a group sharing insights, which can be super helpful. The downside? You can get swayed by the crowd's opinion, which isn't always right.

Copy trading is more hands-off. You pick a trader, set your parameters, and let the system do its thing. It saves time, but you're also relying heavily on someone else's decisions. If they win, you win, but if they lose, so do you.

I would rather trade with what I know, and not really trust others, that really doesn't change it much, and it makes it quite profitable to keep it going like that. I understand that it's hard to see all those people with amazing returns and you want to be part of it, but there is no guarantee of that for me, I just don't buy it.

All those people who promise great returns look like scammers to me, because if I personally made a lot of money, I wouldn't publicly try to make a few bucks from others as well, I would just make my own money, if it's free and they do not charge you anything or they do not benefit at all, then I could sort of understand, but I bet that they have a benefit from it, even if not money then something else, and I rather stay away from them. This is why it's quite crucial to learn how to trade yourself, you cut the cord early on and you focus on what you could do personally, and that will always end up with something that will benefit you.

You are the ones who could really be able to find out if we do speak about trading related things whether you are opting for following someone or paying up on some paid groups or would really be just going solo.
It would really be entirely be depending on you because if we do speak about choices then you are the ones would be assessing each thing whether it works on your part of not because if you do ask someone
on which one is worth then they would be basing up with their own experience. Also, you wont really be stopping yourself on testing it out if you are really that interested when it comes to social trading or copy trading.
It is really normal specially when we are still a newbie on which something like this would coming up into our mind.

Honestly speaking, there's nothing to be better if we do speak about trading in our own.Why? It is really something that worth on engaging into trading on your own
since you could really be able to enhance up yourself when it comes to trading skills.