Topic: Trading on your own vs social trading and copy trading - page 4. (Read 1412 times)

Not all traders are successful, and successful ones also suffer losses, but if they follow risk management and manage the deposit competently, then for them this can become an ordinary loss, and for an inexperienced trader it can be a loss of the entire deposit.

If everything with copy trading was so simple, then everyone could do it and make a profit, but for some reason this does not happen. I am not very familiar with copy trading, but I suspect that a successful trader will not always want to share his trades for free, perhaps for some time, and then you will have to pay. And what is the use of this for a novice trader if he does not gain any experience from it, simply repeating transactions will not give any progress in development.

trading your own way is better than other trading methods. It is better to continue to improve these skills rather than using social trading, or other types of trading methods. I say this because by trading in your own way, you can continue to improve the skills you have, so you don't need to depend on other people's methods. This can allow you to trade anywhere, and at any time. Meanwhile, if you are used to using other trading methods, this will make you dependent and hope that other people will give you this information before trading. Apart from that, you also cannot be flexible in trading.

Copy trading can be very profitable for us especially if we are copy trading from experience and big traders that had been in the market. Cryptocurrency trading is very important and can give us a big profits if we know how to go about it. Because if copy trading, ma y people had leave there trading skills and go for some cheap and easy. We don't need to rent on just copy trading, it is good when we try and upgrade ourselves so that as we are copy trading we should be improving our skills so that we are not going to be ignorance of what is happening in the market and how to better a better trader.

I believe trade your own strategy than copying other Technical analysis
Believe your own Technical analysis trust your analysis

I agree. Copy trading would help you when you are just starting especially if you want to see how someone else do it. But it shouldn't replace our own understanding and efforts in the trading world. Along the way, we have to do it on our own and outgrow copying the trading practice of others. Anyway, it will help us too to improve our knowledge. Who knows, maybe youll discover something valuable.

It really seems the OP does not really understand some of the terminology that traders use, since overtrading as the word itself implies means simply a trader that is trading too much compared to what their strategy is telling them, most likely because they have lost a lot of money and they want to recover it fast, or simply because they are going through a moment in which they cannot control their emotions and they are trading any single movement on the market hoping to hit it big.

I think you can never say that you are over trading because a responsible trader would never do such a thing again, rather you limit trading only to see later that you have suffered losses. So I think it's best if you start a trading business by yourself, and you can move forward with trading. If you copy trading you will depend on others, that's why I say never depend on others but best to go with your own knowledge and skills. You should never be afraid of trading with your own skills, rather if you can use your skills, you can gain fame as a trader in the future. That's why you should ignore the signals given by others and instead educate yourself about trading and use your own experience. It will be reliable for you.

Everyone who trades certainly hopes for the profits they get from the trades they make and this will increase the income they get from these trades. Choosing to do copy-trading will of course be very risky for the assets we have and if we fail in doing copy-trading we will certainly lose the assets we have, but even when doing trading yourself there is also a risk of failure which may occur in this case of course. We will try to overcome it ourselves so that we lose big from the trades we make.

When we do trading, it can be a way for us to make a profit. And this has been proven and tested for several decades; the trading business industry did not exist before Bitcoin or cryptocurrency. Why? because it helps every country's economy.

Now, copy trading uses a trading platform that also trades for profit. The only difference is that there are other traders who do the work in trading so that we can earn. But this is a higher risk compared to us doing the trading ourselves. That's what we should remember about this matter. In short, this is lazy copy-trading.

If you are just starting on trading field or career then it would really be just that right that you would really be experiencing about those mistakes on which this is something that inevitable and there's no way that you would really be able to avoid that and of course you would really be needing to adjust and learn something from it because if you dont and keeps tolerating with those mistakes then there's no way that you could really be able to enhance or make yourself that good into this career but of course adjustments and adaptability is a must. Copy trading? Not recommendable but if you dont like on risking of your lack of experience on doing trading then you would really be going with those copy trading or following some signals but honestly it isnt really that recommendable on doing so and nothing beats out if you would really be that
 going for manual trading on your own on which you could enhance your skills.

Its up on how you would really be making yourself that sustainable but if you are really that going for long term aspect then learning that trading self skill would really be that ideal.
You cant really just fasten up yourself on such process though and it does really takes time and tons of effort then you would really be needing and this is what you would really
be needing to do.

TRADING on your own doesnt mean you are O.V.E.R trading buddy, if you have gotten the skills and knowledge to trade is just for you to abide to some principles and discipline, And get to see the results as you progress on. so please dont let anyone buy you the IDEA that you are over trading as you trade alone.

That is the case why we should not underestimate trading and the market which means that we have to enhance our level of understanding and skill just to fit with it. While we know that trading is not easy, therefore, we have to improve our knowledge as well because this is the only to help us succeed. So if we think we can't do it and still feel that we are hopeless and even too emotional, I don't think we need to force ourselves either. Otherwise, we are not trading but making it like gambling where we just rely on luck not strategies.

Profits is something that in result with the good analysis that you have been making and on having that little bit mix of luck when we do speak about success yet even if we arent dealing with gambling but since this market is really that unpredictable then it would really be that so normal  that we would really be needing up that kind of approach or anticipations about random results because  there are factors which could really affect out market movement and this would really be resulting on messing up on the analysis that you had made out earlier. Trading is really not an easy path that someone could easily take on which it would really be needing that non stop learning and adaptability towards market volatility and random aspect or behavior, because if you dont have that kind of treatment or approach then for sure you would really be having a hard time on handling yourself towards this market or simply you cant really just that be able to make yourself that sustainable or could be able to succeed this type of career.

Yeah right, there's always a big competition among others, the concept of trading is like this, the win of someone is the loss of another one, never ending learning process to make sure that you can compete against those other traders who also have that same goals like yours, they are also doing their best to understand how the market works and what will be the next possible market run.

They are also keen in succeeding and they are always updated to what they get to anticipate the possible market directions.

From that knowledge, they will be able to place their position and make a decent amount of profits.

You wont really be able to sustain yourself into this market if you are really just that making yourself that being passive or wont really be that minding much about progressing yourself or becoming better on which means that you should really be doing yourself at best so that you could really go along on what the market would really be able to face on. Adjustments and back up plans would really be that necessary because if you dont really make out such step then you would really be having a hard time on surviving this market knowing that prices are unpredictable or something that do talks about completely random. We do know that it isnt something that could be handled out so easily.

Trading on your own is much more better rather than on being too reliant into other traders or simply been following. Time will come that you would really be needing to stand for yourself or would really be trading on your own which it is really just that right that you should really be that prepared on that on the time comes. Its not really that bad to get some ideas with other
traders analysis as long it would really be something that relevant and beneficial on your part then it would really be a considerable act or thing that
you would really be needing to do.

Or to put it in other words, anyone that is interested in becoming a trader needs to study as hard as they can in order to improve, there is no other method that is going to work as  the competition among traders is too intense, and any edge you can get over your competition can mean a great deal of money over the long term, it is because of this that even legendary traders keep improving as they know that if they do not do it their competition will and their profits will be reduced accordingly.

Immerse yourself in online trading communities and forums, where skilled traders frequently exchange insights and trading signals. Collaborating with other like-minded individuals can bring new insights and ideas. Furthermore, subscribing to credible financial news channels, following expert analysis on social media, or investigating complex algorithmic trading tools such as quant models or trading bots may provide a variety of data-driven signals for analyzing and cherry-picking the most attractive prospects.

In my view, it is still necessary to be careful when choosing to copy-trade. Because others who try it just think that you just chose it and it's okay, and that's it immediately. I noticed that the majority of people who do this are those who don't really have time and are too lazy to do fundamental or technical analysis.

I haven't really tried him, but I would like to try. And the size of the profit here depends on how much you enter, which is also the only amount I know about this matter.

I believe that if we are not careful with what we are doing then the result will not be all that interesting, we should be focusing on something that's a bit more different in the end. I get that people may not like the situation we are in right now, but we just need to find a balance between them without a doubt. I know that life is not all that easy and we could end up with a troubled future if we are not sure about what we are doing but that's how it's going to look.

So, figuring out what we can do all by yourself is the only way to go and shouldn't really move any further than that, it can't really change anything at all. I know that it's going to be quite troublesome one way or another, and yet it is not going to be all that major at all.

those signals are great but there's reason why those signal providers usually didn't last long, i'd assume that they got some ulterior motive and done once that reached.
one way to earn for beginner through trading is indeed copy trading considering we are just following the path of professional trader that already have extensive knowledge.
but there's always disadvantage to every choices, even copy trading also have some disadvantage that is smaller profit compared to the trades made by the pro trader themselves.
and maybe there are some way for the pro trader to take advantage of the situation and use up our capital as liquidity.