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Topic: Trading on your own vs social trading and copy trading - page 7. (Read 1336 times)

hero member
Activity: 798
Merit: 546
I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?


If you can't believe in yourself how much more do you think the next trader out there whom you are looking to copy or follow his/her trade signal isn't in the same shoes as you?
Op, work on improving yourself and never rely on anyone to trade,  think of those people whom you want to rely on to trade, if they are no longer available, it means you would earn no money right? insane.

It is clear that you are addicted to trading and you should think of a possible way of getting yourself out, which you can achieve by taking a break right now and getting yourself busy with some stuff aside from trading, this was how I got myself out when I was in your shoes trading back days.
sr. member
Activity: 1120
Merit: 414
There is technically a way to make money using the knowledge of other people, but for that you will need to hire a financial manager and to let them have access to a portion of your capital so they can trade and invest in your behalf, however those people are not going to waste their time posting their results in social media and faking their results like influencers do, but very rarely people think about financial managers when they express their desire to to follow the ideas or signals of someone else, and instead they think about schemes that are managed by scammers.
I really don't agree if there are people who rely on other people's knowledge to make a profit, especially by hiring a financial manager for things that we can do ourselves, especially in trading that is full of risk, I think it's better for us to do it and we will do it ourselves. responsible for everything that happens, whether profit or loss.

However, in trading we need input from other people or need references from other people, but that doesn't mean we have to follow it without any research or belief from ourselves.
And if you are asked whether trading is better alone or in a group, I think it is better in a group so that we can discuss and share knowledge, not arbitrarily taking action on other people's decisions.
hero member
Activity: 2814
Merit: 576
There is technically a way to make money using the knowledge of other people, but for that you will need to hire a financial manager and to let them have access to a portion of your capital so they can trade and invest in your behalf, however those people are not going to waste their time posting their results in social media and faking their results like influencers do, but very rarely people think about financial managers when they express their desire to to follow the ideas or signals of someone else, and instead they think about schemes that are managed by scammers.

Short to say, there's no easy way, like the old saying goes, if it's too good to be true, it's too good to be true. That especially happens in wealth management and trading.

Warren Buffett and others make money from other people's work not knowledge, this is what people got wrong.

If your financial manager knows more than you, or if you think he does, then he's making money from you, not the other way round Smiley
This is true. You are not actually making profits by hiring a financial manager. In fact, you are the one allowing him to make money from you, and not that you are the one benefiting from him. That is why if you just enter trading and rely the success of your trades from the other trader's work, then you are not actually becoming a successful and profitable one. Instead, you become an instrument for their own success, while leaving yourself at loss.
legendary
Activity: 2632
Merit: 1212
Livecasino, 20% cashback, no fuss payouts.
There is technically a way to make money using the knowledge of other people, but for that you will need to hire a financial manager and to let them have access to a portion of your capital so they can trade and invest in your behalf, however those people are not going to waste their time posting their results in social media and faking their results like influencers do, but very rarely people think about financial managers when they express their desire to to follow the ideas or signals of someone else, and instead they think about schemes that are managed by scammers.

Short to say, there's no easy way, like the old saying goes, if it's too good to be true, it's too good to be true. That especially happens in wealth management and trading.

Warren Buffett and others make money from other people's work not knowledge, this is what people got wrong.

If your financial manager knows more than you, or if you think he does, then he's making money from you, not the other way round Smiley
legendary
Activity: 2492
Merit: 1332

What options does one have to view trading ideas/signals from other professional traders?


In financial markets each individual is responsible for their own investments and managing their own budget in the most accurate way. In order for a person to earn regular income it is very important that they always improves theirself adapts to changing markets and takes his analysis skills one step further.

Investment recommendations, especially those made by social media influencers are recommendations that no one shouldn't take into consideration without doing one's own analysis because most of the time these people only show their successful trades and don't show the trades in which they were not successful. In addition, it is a fact that should be accepted that since such people make paid promotions any advice they make always carries a high risk.

On the other hand, copying the transactions of professional people is a good way to make money but regardless of the experience of these people it is also very important for the person to support this transaction by making their own analysis for each transaction and to have an idea about this transaction. In other words, carrying out the transactions of a professional trader by performing our own controls will definitely help these transactions to be carried out efficiently in the best possible way.
There is technically a way to make money using the knowledge of other people, but for that you will need to hire a financial manager and to let them have access to a portion of your capital so they can trade and invest in your behalf, however those people are not going to waste their time posting their results in social media and faking their results like influencers do, but very rarely people think about financial managers when they express their desire to follow the ideas or signals of someone else, and instead they think about schemes that are managed by scammers.
hero member
Activity: 1624
Merit: 624

What options does one have to view trading ideas/signals from other professional traders?


In financial markets each individual is responsible for their own investments and managing their own budget in the most accurate way. In order for a person to earn regular income it is very important that they always improves theirself adapts to changing markets and takes his analysis skills one step further.

Investment recommendations, especially those made by social media influencers are recommendations that no one shouldn't take into consideration without doing one's own analysis because most of the time these people only show their successful trades and don't show the trades in which they were not successful. In addition, it is a fact that should be accepted that since such people make paid promotions any advice they make always carries a high risk.

On the other hand, copying the transactions of professional people is a good way to make money but regardless of the experience of these people it is also very important for the person to support this transaction by making their own analysis for each transaction and to have an idea about this transaction. In other words, carrying out the transactions of a professional trader by performing our own controls will definitely help these transactions to be carried out efficiently in the best possible way.
sr. member
Activity: 2226
Merit: 347
You should have to use the mixture of these things because at start a person have no idea that what to do and what is important for getting profit so he will must follow trading signals. If you don't have knowledge then surely you will be overtrading as you will have hope that sometimes time will heals you but its not true because without knowing the basics you cannot achieve for what you are entered into crypto.

Just follow signals from experts for sometimes and when you learn the facts then leave to follow it because its upto you that what you are doing in order to maximize your profit. You can only trade by yourself if you get the experience otherwise you will just loss your money so don't be a part of overtrading and just spend that amount which you can.
When you are a complete newbie then it wont really be that so bad on seeking out with some help or really that going to tend on dealing on following someone with their trades. The only mistake on here is that newbies are really that heavily reliant on the time that they do engage into it and doesnt really mind anymore in speaking about progress and learning because they are really that depending on the source that they do have and this is what it isnt really that recommended on doing so. This is why you should really be that sensible in speaking about taking such step on trading because its not something that is really that recommendable that you should really be making acts or steps on which you had made on your own analysis. Snipping out some ideas into other trades is ideal as long you do know that you could really be able to apply and integrate into your own analysis then it would really be a good add up. Never ever make yourself that easily get fooled or really that get hooked for those people who do have those common lines that these are indeed precise chart analysis on which it is really just that not shocking if those things turns out to be shit afterwards.
Stick with your own and never make yourself that relying into other trading analysis because we are all predictors or speculators on this market which same as you said.Therefore, no one would really be able to get the right formula on how to deal up with this volatile market. Lots of streamers out there who do share up with their trading analysis and then later on once they had made out a right position and profitable trade then they would really be boasting that they are really that good and now they are offering those VIP groups which it would really be requiring for you to pay up some vip fee or some sort of like that on which its never been that worth.
You are really just indeed wasting your money and its not something that would really be that good on paying up something on which you can make with your own.


Following signals from influencers too can be very risky too because the market is basically on predictions and analysis. One thing I have understood about the market is that different influencers have there own market predictions and most time they are different from each other. Some influencers just want to make money money and gain more followers that is why we do have see them doing things that would attract more novice to be following and adhering to there instructions. We need to make sure we learn on our own rather than going from one influencer to another to seek for a 90% winning signals which be difficult and inconsistent.
We are all speculators here on this market and there's no way that those people would really be having that kind of precise predictions on how this market moves.
This is why its always that recommendable on having that realist approach or else then you would really be having that kind of action which you would really be that
a fan on trying out to follow them no matter what without realizing that it is really just that still a speculative approach.
sr. member
Activity: 854
Merit: 262
Eloncoin.org - Mars, here we come!
You should have to use the mixture of these things because at start a person have no idea that what to do and what is important for getting profit so he will must follow trading signals. If you don't have knowledge then surely you will be overtrading as you will have hope that sometimes time will heals you but its not true because without knowing the basics you cannot achieve for what you are entered into crypto.

Just follow signals from experts for sometimes and when you learn the facts then leave to follow it because its upto you that what you are doing in order to maximize your profit. You can only trade by yourself if you get the experience otherwise you will just loss your money so don't be a part of overtrading and just spend that amount which you can.
Following signals from influencers too can be very risky too because the market is basically on predictions and analysis. One thing I have understood about the market is that different influencers have there own market predictions and most time they are different from each other. Some influencers just want to make money money and gain more followers that is why we do have see them doing things that would attract more novice to be following and adhering to there instructions. We need to make sure we learn on our own rather than going from one influencer to another to seek for a 90% winning signals which be difficult and inconsistent.
hero member
Activity: 2548
Merit: 533
You should have to use the mixture of these things because at start a person have no idea that what to do and what is important for getting profit so he will must follow trading signals. If you don't have knowledge then surely you will be overtrading as you will have hope that sometimes time will heals you but its not true because without knowing the basics you cannot achieve for what you are entered into crypto.

Just follow signals from experts for sometimes and when you learn the facts then leave to follow it because its upto you that what you are doing in order to maximize your profit. You can only trade by yourself if you get the experience otherwise you will just loss your money so don't be a part of overtrading and just spend that amount which you can.
When you are a complete newbie then it wont really be that so bad on seeking out with some help or really that going to tend on dealing on following someone with their trades. The only mistake on here is that newbies are really that heavily reliant on the time that they do engage into it and doesnt really mind anymore in speaking about progress and learning because they are really that depending on the source that they do have and this is what it isnt really that recommended on doing so. This is why you should really be that sensible in speaking about taking such step on trading because its not something that is really that recommendable that you should really be making acts or steps on which you had made on your own analysis. Snipping out some ideas into other trades is ideal as long you do know that you could really be able to apply and integrate into your own analysis then it would really be a good add up. Never ever make yourself that easily get fooled or really that get hooked for those people who do have those common lines that these are indeed precise chart analysis on which it is really just that not shocking if those things turns out to be shit afterwards.
hero member
Activity: 2464
Merit: 644
Eloncoin.org - Mars, here we come!
You should have to use the mixture of these things because at start a person have no idea that what to do and what is important for getting profit so he will must follow trading signals. If you don't have knowledge then surely you will be overtrading as you will have hope that sometimes time will heals you but its not true because without knowing the basics you cannot achieve for what you are entered into crypto.

Just follow signals from experts for sometimes and when you learn the facts then leave to follow it because its upto you that what you are doing in order to maximize your profit. You can only trade by yourself if you get the experience otherwise you will just loss your money so don't be a part of overtrading and just spend that amount which you can.
hero member
Activity: 1792
Merit: 871
Rollbit.com ⚔️Crypto Futures
I think that by trading on my own I am just overtrading...
Over trading  means one is trading based on emotions and not following their strategy and risk management!!!
For lack of a better term this can also be termed to be gambling and best remedy to overcome it is by limiting how much capital (number of trades) you willing to lose on a daily basis.

I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
Am not a fan of these signal groups and would advise you to try learn the art of trading by yourself to avoid paying out money to people that make most of their money from subscriptions than they can actually trade !!!!

What options does one have to view trading ideas/signals from other professional traders?

These services aren't free and the closest to being reliable is copytrading as you choose which trader fits your ROI target's...but still I will advocate trading on your own which is a painful journey but will reward you once you get it right.
legendary
Activity: 2086
Merit: 1759
I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
Talking about crypto trading, of course Copy trading, Al, social is a system or assistance that can be used or not used by those who are involved in crypto trading, doing copy trading and so on, in my opinion, it's all according to their own beliefs.

But if you trade with the knowledge you have and control overtrading well, maybe that's better, if you want to do it yourself, whatever you have about crypto trading is good to use.

For me, whatever we want to do cannot be separated from our own self-belief in starting it, especially in terms of crypto trading, if I consider doing it myself it's better to consider it.
sr. member
Activity: 1316
Merit: 268
★Bitvest.io★ Play Plinko or Invest!
I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?


I think that trading on your own and copy trading is okay because we ourselves will do the trading. It is really good because we ourselves will feel and work our minds on how we will approach reading a trading chart.

As for copy trading, maybe just look for a legitimate platform that has copy trading, and based on my experience, that seems okay: Bitget and Fairdesk, which I think are recommendable because so far the service of the platform is okay.
hero member
Activity: 616
Merit: 749
I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

When you depend on trading signals you would still be trading but you won't be doing it right. Trading signals make trading easy until you start losing your trade and still not learning anything from that trade to correct your next trade because you're not the one analyzing the market. Depending on trading signals makes you lazy and unable to analyzed the market yourself. Trading signals won't make you a professional trader with experience. You can depend on trade signals to raise capital but don't use it forever.

Trading on your own is the real deal, you gain experience, learn from your mistakes and improve on your next trade. Trading on your own gives you lesson on each trade that you open so you can learn from them. Trading on your own makes you to understand the market better and you become a professional when you understand the market.
legendary
Activity: 2282
Merit: 1344
Buy/Sell crypto at BestChange
I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?
It really depends, there are some who just copy trade, but still losses money (I experienced this when on my first copy trade).  While before I do copy trade at the same time while I do my personal trade, I realized that I made more profits while doing my personal trade while my copy trade lost a lot, lol.
legendary
Activity: 2688
Merit: 1208
Once a man, twice a child!
I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones. What options does one have to view trading ideas/signals from other professional traders?
I like to use the expression, "profitable traders" over "professional traders", though I get your drift there. Sometimes I'm also guilty of this interchange too. Your desire to meet other traders isn't out of place as it buttresses the fact that iron sharpens iron. I belong to a few of such groups on telegram too but it doesn't mean I always take trade calls from them. I use them as reference points to review my analyses and see what aligns and what doesn't. I dare say that some of these groups are really good at their calls.
sr. member
Activity: 1666
Merit: 453
Practicing our own trading method for profit is the best way for us to hone it. rather than relying on the knowledge provided by others, although sharing what we know is not bad.

But if you really want to learn, it's even better that we ourselves have experienced and felt what we do in trading. than joining any signal group to gain knowledge. Most of the signals in groups even become a way for us to learn because the group we joined was wrong because it was a group of scammers.
That is why our success in what we want to achieve depends on the decision we make and choose.
hero member
Activity: 3038
Merit: 647
people have different styles of trading. I use all of them because I'm a beginner, meaning I'm not very good at my own predictions. Sometimes I need a trading expert or like a channel that gives signals. It's not wrong to use it, everything is good as long as it doesn't harm you. I think I prefer to use my own predictions in certain cases, as well as copy trading.
It’s not actually wrong to listen from professional traders about their own trading signals that bring them profits, but always do your own analysis before you consider copying it. Trading signals can always have a different effect on each trader, probably it can work for others but not for you. That is the reason why we need to learn trading on our own, and learn from other traders as well. Trading can be more successful if we inculcate our own trading analysis, by also not taking for granted those trading signals that we have learned from successful traders.
hero member
Activity: 644
Merit: 592
Leading Crypto Sports Betting & Casino Platform
I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

And how exactly are you going to evaluate the ideas of other traders when just trading on your own is considered to be overtrading according to you? You are free to try to use signals, use copy trading or bots, but remember, most of them are scams and will not allow you to get the results that you want, and in that case you may want to avoid wasting your time and begin to learn how to trade on your own, not an easy feat as there is a very real possibility you will fail, but at least there is a chance you could succeed too, unlike the alternatives.
I believe that it's not every trader that will trade by themselves, this is for obvious reasons, some people want to invest but do not have the time and still wouldn't want to miss out on the general cake of the market. I wouldn't blame them if they are so desperate to find the right service provider rather than trading all by themselves. While some will never trust themselves to handle their trading investment, I wouldn't blame them too since they know their weaknesses and strengths, that is why I will never entirely condemn going for social trading like copy trading.

While the last set of traders will not like copying trades and will want to trade all by themselves, such traders are so challenged and many are only wasting their money every time they invest. They will again learn more and still again lose their money and it will continue like that probably forever.

However, only a very few make it in trading.
newbie
Activity: 233
Merit: 0
I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

Trading on your own is cool but if you’re a novice and you don’t really have much knowledge on trading you just have to seek for help by getting signals or you go for copy trading. There are lots of exchanges that can help you trade if you feel you don’t want to trade on your own anymore, you just have to do your research well. I’m sure Bitget exchange has copy trading and some other exchanges too.
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