Topic: Trading on your own vs social trading and copy trading - page 5. (Read 1336 times)

What I don't like on this strategy is that, many influencers have been telling that this strategy can be done by everyone and that's not wrong. But they're hyping this strategy as if everyone will profit. They are not explaining well that it still varies from the market and the result of the trader they copy.

Yes, that's the greatest consolation that you get there is by learning and getting how they work on their strategies. Maybe soon, who knows if you're the type of trader that will be copied then by the newbies just as how you started.

Yes, every exchange platform does have that kind of feature on which they do really have that copy trade. It is really that impossible for those stats or profitability percentage to be faked out and this is why
i do see this thing to be more better than into those people who do follow up someone on the net randomly without having those portfolio stats or percentages on which it would be showing on how good they do trade on.
Im aint saying that people should really be following up or something that recommended but rather it would really be that just normal that people would be having approach on dealing up with things which is more simpler and convenient on which it cant really be denied that copy trading does really give out that situation where it doesnt really need up that kind of critical thinking and analysis on things.

In overall, it doesnt really need up for you to be that reliant with something like this because nothing beats out on having that your own skills and trading knowledge comparing into those people who
are really just that relying on someone and doesnt mind whether they would really be losing with not their own ways or choices which i would say that it doesnt really
give out that kind of good feeling if ever that ones happen into me.

Yup, but it's always a need for you to back up your decision for following those signals, without any knowledge about it and just blindly follow those signals chances of losing your money is very high.Like what you said, it's better to invest with your knowledge, use your time wisely and continue to seek for those experts who are sharing ideas to be guided when creating your own strategy.

The best way to learn is to be keen on learning more combinations of strategy, then try to absorb factors that you need to understand. It will surely give you that knowledge to anticipate and to position yourself in the right direction of possible market movements.

That's right, some signals from groups or maybe from other references are good enough to help beginners, but I don't think it's entirely good. Logically they are beginners who don't know everything in the world of trading so maybe when they get fake or fake signals that can make them always experience losses then maybe in my opinion they will find it difficult to find the mistake because they don't know the full safety of good and bad signals. So it's true as you say, it's better for them beginners to learn on their own to develop their knowledge and knowledge, and even if they want to follow signals from others then they must really be able to consider and judge them, but logically they are beginners who don't know how to distinguish right? of course this is very difficult for them to judge.

Therefore in my opinion for those beginners it is better to start everything yourself, I understand the process of learning trading is quite difficult but none other than that it is also for your own benefit in the future and also clearly so that you can get progress over time. If you do it yourself by learning from several sources then you will know the steps that should be done and those that should not be done, such as learning from those who are expert enough to help you. Everyone has their own way of learning, whether it's fast or slow it depends on their personality in learning, but believe me there is no process that betrays results. I see most people who are successful in the world of trading also initially they learn themselves with hard struggle, the point is everyone has their own way in the world of trading, therefore sometimes it is very difficult if we have to follow the way others do, even though it is effective for them but not necessarily for you.

Signals are actually great for beginners, but it is still needed to be back up by your own strategies and analysis. So basically, the best thing that you can do is to invest in doing research and educating yourself. I think it is also a great idea to seek help from experts and experienced traders who are giving free education about trading. For they are the best people that you can asks for advice from since they are the capable ones. And besides, no one who just started is good right away. Certainly, it will take time and will require a lot of effort. The best thing that you can do is have the knowledge and make experiences out of it. Because at the end of the day, you will still decide for yourself, and other people will not decide for you.

Depends on you are you willing to make a trade on your own and you have time or do you want to let others decide with your money?, newbies do not want to make a trade yet because they are afraid of the market, so they keep doing to those groups giving free signals so they do not need to take too much time but the assurance right there is less because not as always listening to other people is the best way, and for the long term its their loss because they didn't learn from those experience they made in trading. Sooner or later on their own trade they can now make their own decision, seek for their own which coin is ideal to trade.

I see why many people subscribe to copy trading and these are the possible reasons
 - lack of knowledge
 - lack of time to analyze the market condition

The use of copy trading is not wrong but what went wrong is when fully relying on it like we don't see any way to trade our own.
Indeed, if we want to grow and improve our knowledge in trading, we have to work on it on our own, not by relying on someone. Yes, we can do a lot of good things when doing alone as we can do whatever we want to do.

You can't improve with copy trading if all you do is copy someone's trades and nothing else. Sure, you are allowed to do that as well if you really want to but that is not the point of it and you shouldn't do just that, there are more that you can do with it and that matters. I believe that the best thing you could do regarding copy trading would be learning from them, and making those type of trades yourself in the future. If you could learn how to make them yourself then you are going to be fine.

I really believe that the best thing to do would be just focusing on your own improvement and well being, without that then no matter what you are doing and even if you are profiting, you will end up in trouble in the future without a doubt. This is why we should be considering this situation a bit differently and approach it with different sense so that we could get better. Just like everything in life you do not improve without working hard on it.

copy trading exists for the sake of convenience, some people can't be bothered to learn all those technical analysis and many more so they decided to use copy trading.
the thing that should be concerned more is whether there is exploit that can be taken advantage by some of the trader that provides copy trading that could cause long term lose and how effective it is actually to use copy trading to make some profit.
that I think should be more of concern, when it comes to trading, I would always took the most effective way, but i'm still doubtful with how these copy trading gonna turning out to be since i've never heard success stories that did follow copy trading.

Well, I'd say a lot of people had used copy trading during their early days in trading and while they were still getting ideas. I could say that it was a good way of learning but this will never bring us to gain success in life if we keep relying on this strategy. Instead, we have to walk on our fit and make a market discovery. We can learn more things by doing it alone which is very useful as we continue our journey that can't be learned if we just rely on others. In fact, before this copy trading existed, we already had successful traders which means that we can be like them without depending on others.

It is just good for a time but if we think about it for the long term looking to others and asking and seeking knowledge from others it can't make us professional traders. The traders we call today professional there was a day who was also like us in the beginning but they started to work hard and just put themselves in some risky trades they took some risks and some points and as a result, they become professional today. There are a lot of channels on YouTube that are going to give signals but look between them as they are verified or not if verified just learn from them and get help.

I think most people here would suggest that trading on your own is the best option over all other options. I would suggest it myself but there is a lot to learn, from fundamental analysis to technical analysis. Chances of success are available only after a lot of experience in this, although I think you will get advantage in long term trading than short term trading, because in short term trading you need to know more about technical analysis and daily updates about new news etc.If you want, you can see the details in this topic(Trade vs. HODL - avoid traps) about technical analysis in long time holding and short time trading.
So my suggestion is that you can do copy trading or social trading if you want, but besides following them, analyze them with the trading knowledge you have inside yourself and then invest.

For me, of course it is illogical to let others use the money we get with difficulty then others use it to trade by sharing profits if you get a profit, and loss in the shared bear, the risk is the same as you who do it, for me personally It is better for me to do the trade because the risk is the same weight. Secondly I can get more profit, even though not in money, but I will definitely get a decent experience from my trading activities, whether to win or lose at each session.

Someone must realize this, the question is even if it is successful, until when you have to stand up by the hands of others, even though you can actually train yourself to become a great trader.
Even if you lose because you do it yourself, at least there is an experience that must be paid first to increase your abilities and knowledge in trading.

The reason you are quite logical, sometimes we need another perspective of the brain and different experiences from others, especially when the analysis that is made yourself does not make you confident in making decisions at certain times, it is important to make knowledge of knowledge to find out how Kiata should behave in certain circumstances in the market.

Trading on your own will teach you a lot. The same goes with social and copy trading but you know that these won't do much to you to improve.
You'll get some ideas from them but you are on your own on this market. A lot can be learned from others but those strategies are like relying to other traders.
I think that even copy trading has been there for a long time, it's gonna be like a hype and trending strategy especially for the new ones.

I don't think so, in fact in trading we need other people to ask for advice or input, but that doesn't mean we have to follow it, because there are definitely some things we don't know about, so by discussing we will absorb other knowledge to be able to decide what steps we should take. take in trade.
It is true that we should not follow other people's advice in the trading we do because whatever happens we will bear it ourselves, but that does not mean that because of this we will close ourselves off from input for knowledge or better things that we will get.

We need to have that mentality, trusting someone using your hard earned money is something that added risk with your trading, better to trust your own understanding and judgements, as you should take time before sending your money inside trading, there are many factors to recognize as part of your way to avoid losing your money.

One big factor is the knowledge that you have before starting your journey. Without a knowledge, chances to lose are far high unless luck backs you up, but that's another side of your journey.

That is the hardest but the best path anyone could take. Learning how to trade yourself is not easy, it will take time and you are going to end up with something that will be very tough to handle on the long run but that is also the best and most profitable way to trade as well.

When you finally learn how to trade all by yourself then you are going to end up with something that benefits you for a good time and should be doing something that could get you a greater return, it is not going to be easy and there will be some time when you are going to end up with some trouble but that shouldn't make you stop.

If people stopped doing things just because they faced some pushback or failure at early stages, nobody would achieve anything. There will be times when you are not going to get any good returns and should not be expecting anything major that easily, should be doing things that are a lot better and give you greater returns by working hard and learning from your failures.

There is no point in relying on anyone in trading, you will be risking your money and the responsibility for any actions will be yours alone. Trading is a job and when we work at any other job, we rely only on ourselves, since we will receive a salary for our work. The same attitude should be regarding trading, but you need to understand that there is a much greater risk of losing money and therefore you need to be more careful, and trust the advice of someone, means to increase your risks.

I just only have one question for you. How can you learn anything from copy trading. Answer me this and then we can discuss it. I get the idea of using paid signals that shows details on why the market is moving like that. Without proper explanation any signal that is available is trash. You can only learn from those signals that provide explanation.
On the other hand, in copy trading you are just following what others are doing. Also, you can't have the entire details about how much money they are putting in and what is the leverage they are using. So if you follow them and put not enough asset as they are putting in one trade, you will face problems. And the thing about learning while earning profits from trading. Those who provides copy trading they also lose. It is not like that you will win in every trade.

As I said, how do you think that people can learn from copy trading. I want to hear your side of the story and then I will explain mine.

Perhaps, you'll be in your decision which you think was easy for you and you think the way it helps for you to earn profit.
Because for me, I've been in trading on my own and I feel I can breathe easily knowing that all of my decisions are in my mind. We can seek assistance from others but we should not think that we can rely on them for a long time.

And talking about copy trading - seems to be a good way when starting to trade but can't just keep it for long as this won't bring success. Better work on your own and apply all the learning that you have.