It is very important to know that some if not most of these Trading Signal gurus do not even trade on their own, if they do, they use you as their exit strategy, you will need to develop what works for you depending on your;
1. Level of discipline: this is very important because it allows you to stick to your trading plan from the beginning and it helps because it could be the difference between profit and a loss
2. Time: how much time you can devote to trading, this will help you to determine if you will be a day trader, swing trader, or a long-term investor
3. Analytical skills: This one you will continue to fine-tune with time just keep learning and you will get better
Topic: Trading Signals vs Own Analysis - page 3. (Read 964 times)
Oh, signals, the tantalizing tune of the trading realm! It's like trusting a wacky GPS that lands you in no-man's-land half the time, but you can't quit the thrill. As you said, no one's rocking that 100% accuracy, and even the top signal maestros are just winging it, if you ask me.
In my wild escapades, signals can be a blast, but bro, proceed with caution. It's like letting a magic 8-ball call the shots in your life—sure, it's a riot, but don't bank on it. Instead, take a step back, scour those charts, and hunt down your own primo trading chances.
So, let's give signals the boot and morph into our own trading navigators. It'll take some grind time to master the art, but with a hefty dose of patience and elbow grease, we'll rule the trading scene like we were born for it.
In my wild escapades, signals can be a blast, but bro, proceed with caution. It's like letting a magic 8-ball call the shots in your life—sure, it's a riot, but don't bank on it. Instead, take a step back, scour those charts, and hunt down your own primo trading chances.
So, let's give signals the boot and morph into our own trading navigators. It'll take some grind time to master the art, but with a hefty dose of patience and elbow grease, we'll rule the trading scene like we were born for it.
This is very similar to sports betting. If you have more wins than losses, you can ensure that you'll be in profit. I'm talking about bankroll management, as it's also applicable in trading. However, the best way to be consistent in trading is to rely on our personal analysis, as that will help us grow, as opposed to just relying on signals from so-called experts.
I somehow tried to follow these signals, the tokens I follow, to see how much my opinion coincides with these signals, but I will say that there was little useful in them. I noticed that very often there was empty content to maintain, and there was simply no point in following them. I don’t know if it’s possible to say that trading is similar to gambling, these are different things, and if we talk about spot trading, then trading is safer than gambling.
This is very similar to sports betting. If you have more wins than losses, you can ensure that you'll be in profit. I'm talking about bankroll management, as it's also applicable in trading. However, the best way to be consistent in trading is to rely on our personal analysis, as that will help us grow, as opposed to just relying on signals from so-called experts.
I somehow tried to follow these signals, the tokens I follow, to see how much my opinion coincides with these signals, but I will say that there was little useful in them. I noticed that very often there was empty content to maintain, and there was simply no point in following them. I don’t know if it’s possible to say that trading is similar to gambling, these are different things, and if we talk about spot trading, then trading is safer than gambling. 
...i honestly rarely seen some real succesful trader that could make massive profit consistently, it's always either they make good profit and they lose it the next day.
Of course, there is no such trader who does not have unprofitable trades. But the very principle of successful trading is that there should be fewer such unprofitable transactions than profitable ones. Only in this case, it can be considered that such a trader is successful.
This is very similar to sports betting. If you have more wins than losses, you can ensure that you'll be in profit. I'm talking about bankroll management, as it's also applicable in trading. However, the best way to be consistent in trading is to rely on our personal analysis, as that will help us grow, as opposed to just relying on signals from so-called experts.
In the past, what I did was joining 2-3 signal groups and buy/sell according to their instructions. However, I realized 2 points.
1. No one can generate signals with a 100% accuracy.
2. When the winning percentage is 80%-90%, we have to make use of all the signals to get that percentage.
For example, if the results are
1-Win
2-Win
3-Loss
4-Loss
5-Win
6-Win
and we only take 3,4 and 5 trades, we are in a loss. Therefore, now I am not doing trading all the day. When I am free, I spend some time to analyze the charts and find some opportunities to enter the trades. Please share if someone has a different story.
I basically do trading most of the time. I do more trading on futures trading platforms than spot trading. But I never follow signals given by others I do market analysis on my own and trade on personal analysis. I found that I won most of the time. I lost on the trading platform in a very short period of time. I have seen in various places that those who trade following the signals given by others lose the most. If I lose from my own analysis, it is not difficult to accept it, but if I lose from the signals given by others, it is very difficult to accept it.1. No one can generate signals with a 100% accuracy.
2. When the winning percentage is 80%-90%, we have to make use of all the signals to get that percentage.
For example, if the results are
1-Win
2-Win
3-Loss
4-Loss
5-Win
6-Win
and we only take 3,4 and 5 trades, we are in a loss. Therefore, now I am not doing trading all the day. When I am free, I spend some time to analyze the charts and find some opportunities to enter the trades. Please share if someone has a different story.
...i honestly rarely seen some real succesful trader that could make massive profit consistently, it's always either they make good profit and they lose it the next day.
Of course, there is no such trader who does not have unprofitable trades. But the very principle of successful trading is that there should be fewer such unprofitable transactions than profitable ones. Only in this case, it can be considered that such a trader is successful.
Actually, why do we should have to believe these signals when in fact, we know that the market is unpredictable in the first place. And besides, we know already that many people had suffered losses from following signals.
Sure, the market is unpredictable, but if to think so, then trading becomes irrelevant at all, because you will think that it is more like a gambling and probably decide not to take part in it. However, if we agree that trading can be somewhat rationalised and stabilised, then we have to admit that trading signals can be useful in any market condition, including unpredictable markets as a tool to help traders make informed decisions.
One approach to using trading signals in unpredictable markets is to combine them with other types of analysis, such as fundamental analysis or sentiment analysis. Traders can use trading signals as one piece of information among other indicators to form a more comprehensive view of the market. Another approach is to adjust the settings or parameters of the trading signals to better suit the current market conditions. We just don't have to see them as some panacea which tells you exactly when to buy or sell
I do not really advise joining in trading signals or subscribing in premium groups because it teaches tradet to be dependent on someone else, you cannot learn any confidence that can help your decision making skills to improve and you can also incur losses because it is inevitable. There is no perfect system in trading because it is purely probability game. Most of the trading signals and whales group are 98% scams because they are purely focusing on how they can get members because of the fee and not giving enough service for their member.
It is really better if you are the one who will do the own analysis, remember that your success in trading rely to you it means that you are the own creator of your trading career. It is your own fault if you became failure in trading so make sure to take responsibility of yourself. Forget about joining signal groups because it will make you dependent on someone else like a parasite. Build your career by learning trading by yourself through researching and reading a lot of books that related to trading psychology and technical analysis.
It is really better if you are the one who will do the own analysis, remember that your success in trading rely to you it means that you are the own creator of your trading career. It is your own fault if you became failure in trading so make sure to take responsibility of yourself. Forget about joining signal groups because it will make you dependent on someone else like a parasite. Build your career by learning trading by yourself through researching and reading a lot of books that related to trading psychology and technical analysis.
In the past, what I did was joining 2-3 signal groups and buy/sell according to their instructions. However, I realized 2 points.
To be successful when you follow a signal from a random group is when opening and closing trades, unfortunately, channels like that are just an association of traders who are trying to manipulate the market by influencing other traders to enter these pairs which are actually the channel owners and their friends have already entered the market and they only need other traders to enter to make the price go up and they will sell with profits, even when you also follow paid signals it doesn't guarantee 100% profit, that's why traders will be better off starting trading based on their own analysis by studying the market instead of depending on the signal like that. The most ideal decision right here is to study how does the trading, fundamentals, analysis works because not all the time you are getting dependent to the peoples signal only in that case you can now make a decision at your own if you getting dependent on other users I guess must ideal is to deal with the copy trading with no hassle and let other traders trade your positions.
Most traders, especially beginners, underestimate the importance of fundamental analysis in their trading strategy. That is why many traders suffer significant losses. To maximize your chances of winning trades, you must combine fundamentals with technical analysis. Copy trading is ideal for people who are too busy or don't know how to trade, but we must choose carefully who we want to copy, preferably a trader with a high winrate and pnl.
The most ideal decision right here is to study how does the trading, fundamentals, analysis works because not all the time you are getting dependent to the peoples signal only in that case you can now make a decision at your own if you getting dependent on other users I guess must ideal is to deal with the copy trading with no hassle and let other traders trade your positions.
...But if we deviate a little from this topic, then I see in my own example that hold brings better results than trading. ..
The hold will bring more profit only if you are a bad trader. In this case, it is better to hold your coins than to lose money regularly. When you are a successful trader, your profit will be many times more from trading than if you just hold bitcoin.
In the past, what I did was joining 2-3 signal groups and buy/sell according to their instructions. However, I realized 2 points.
1. No one can generate signals with a 100% accuracy.
2. When the winning percentage is 80%-90%, we have to make use of all the signals to get that percentage.
For example, if the results are
1-Win
2-Win
3-Loss
4-Loss
5-Win
6-Win
and we only take 3,4 and 5 trades, we are in a loss. Therefore, now I am not doing trading all the day. When I am free, I spend some time to analyze the charts and find some opportunities to enter the trades. Please share if someone has a different story.
I basically do trading most of the time. I do more trading on futures trading platforms than spot trading. But I never follow signals given by others I do market analysis on my own and trade on personal analysis. I found that I won most of the time. I lost on the trading platform in a very short period of time. I have seen in various places that those who trade following the signals given by others lose the most. If I lose from my own analysis, it is not difficult to accept it, but if I lose from the signals given by others, it is very difficult to accept it. 1. No one can generate signals with a 100% accuracy.
2. When the winning percentage is 80%-90%, we have to make use of all the signals to get that percentage.
For example, if the results are
1-Win
2-Win
3-Loss
4-Loss
5-Win
6-Win
and we only take 3,4 and 5 trades, we are in a loss. Therefore, now I am not doing trading all the day. When I am free, I spend some time to analyze the charts and find some opportunities to enter the trades. Please share if someone has a different story.
Actually, why do we should have to believe these signals when in fact, we know that the market is unpredictable in the first place. And besides, we know already that many people had suffered losses from following signals. Because if we think deeply, we can ask ourself why these people are offering help to others claiming that they can predict the right momentum in the market, why not use it personally and become rich? We can't fool ourselves if we don't let them manipulate our minds. Perhaps, it is possible to become better from them.
Most people today don't want to try and don't want to go through the process. They only think about profit, and in the end, they choose to depend on others by joining signal groups, without them realizing that huge losses are in front of them. I have experienced something like this, joined the signal group hoping to make a lot of profit, but yes as you already know, this is just a trick, three months following the signal from the group, apparently, my loss rate was getting bigger and bigger, I decided to do it myself with all the knowledge that I have. You can't run away from the journey you've started, enjoy the process, face the risks, and find solutions.Basically they want to earn as soon as possible like if they have a capital right now they want to start trading by tomorrow and doesn't want to learn on their own that is why they will search on trading or signal groups to join and follow the signals. Others also tried to learn but they dont have patience and thinking that it doesn't work on them.Even if you found a signal group that lets say you have good wins in the last three months but after that they will vanished and gone how do you trade now right?
Most people today don't want to try and don't want to go through the process. They only think about profit, and in the end, they choose to depend on others by joining signal groups, without them realizing that huge losses are in front of them. I have experienced something like this, joined the signal group hoping to make a lot of profit, but yes as you already know, this is just a trick, three months following the signal from the group, apparently, my loss rate was getting bigger and bigger, I decided to do it myself with all the knowledge that I have. You can't run away from the journey you've started, enjoy the process, face the risks, and find solutions.
That is mainly because we lost our attention span. Back in the day people traveled for months, even years to reach a place, then we improved on that and today we have planes, what took many years to travel, takes less than a day nowadays thanks to that. Imagine going from England to Australia just 500 years ago, that was the earliest days I think, and now think about it today.This is just travel, it happened with our attention span as well. Just 20 years ago we had to wait for the tv show we like to air, nowadays we just watch it on netflix whenever we want, it got even worse people follow good scenes on tiktoks instead, in under a minute. So basically now we want to get rich that quickly as well, and not wait for it to happen in a long time.
Actually, why do we should have to believe these signals when in fact, we know that the market is unpredictable in the first place. And besides, we know already that many people had suffered losses from following signals. Because if we think deeply, we can ask ourself why these people are offering help to others claiming that they can predict the right momentum in the market, why not use it personally and become rich? We can't fool ourselves if we don't let them manipulate our minds. Perhaps, it is possible to become better from them.
Most people today don't want to try and don't want to go through the process. They only think about profit, and in the end, they choose to depend on others by joining signal groups, without them realizing that huge losses are in front of them. I have experienced something like this, joined the signal group hoping to make a lot of profit, but yes as you already know, this is just a trick, three months following the signal from the group, apparently, my loss rate was getting bigger and bigger, I decided to do it myself with all the knowledge that I have. You can't run away from the journey you've started, enjoy the process, face the risks, and find solutions. do take note that those free trading signals won't give you a very good outcome. even the paid ones are not getting support because later on, their subscribers came to find out that they are more on the losing side rather than on the winning side.
it is really advisable to learn on your own about those trading tricks. because each project has their own market performance. if you are just relying from someone else's advise, you won't truly understand how each coin behaves to certain factors.
The best is to develop your own trading habits and be independent of anyone, but if you do not have the grace for that, it's not bad to seek external help. It's money we are all looking for, but one must be certain of the source of their information and signals. I've used some top-notch trading signals before I discover myself in the world of trading and I give about three signal providers kudos as their success rate ranges between 85-90% accuracy. I even learned how to trade through their daily trading advice.
This is not about the bullshit of telling you the entry and exit levels. It's about issuing a detailed daily market review and commentary.
90% is very good, nine trades out of ten should be profitable, if this is true, then you probably already got rich well through trading? I had a question, why would someone share such successful transactions, and in what time period did you get such a result, a week, a month, a year? I understand that trading can make good money, but I also understand that not many people make money in this business, and I assume that those who have their own strategy will be able to earn money, and not just waiting for free signals from the telegram channel, or from somewhere else..This is not about the bullshit of telling you the entry and exit levels. It's about issuing a detailed daily market review and commentary.
do take note that those free trading signals won't give you a very good outcome. even the paid ones are not getting support because later on, their subscribers came to find out that they are more on the losing side rather than on the winning side.
it is really advisable to learn on your own about those trading tricks. because each project has their own market performance. if you are just relying from someone else's advise, you won't truly understand how each coin behaves to certain factors.
It is an interesting discussion.
There are few guidelines for choosing trading signals in any markets. We will say upfront that we are providing trade alerts. The majority of the signal services on telegram do not provide any type of track record.
If the performance of the signals is great, why not provide some track record of it? Second point, if a performance is provided, is just the performance just for several weeks, months or years?
Anyone can have a good month, several months and even a year. When you have a 3-year track record you will see how the trader handles the trades when the market turns against him consecutively.
Many buckle under the pressure and try to recover as soon as possible, which is a classic psychological error that often leads to greater losses.
Thirdly, as some already said, no strategy can withstand any market conditions. Any services that claim to have a 90% success rate or even 80% success rate should be taken with a pinch of salt.
Fourthly, some signal providers provide multiple take profit orders (TP1, TP2, TP3, TP4 etc.). Many followers struggle to decide which take profit to choose and how to manage the trade as some providers do not send any updates on their trades.
We have a +7-year track record in FX and commodities (mostly FX). In our performance you will see negative phases and positive phases. It's all there. For cryptocurrencies, the performance is still short but we trust our FX performance will act in our favor.
As we cannot upload any images, we invite everyone to review and comment on our (now free) Ethereum forecast that was published at the beginning of April prior to the Shapella upgrade.
Ethereum Forecast April 2023
There are few guidelines for choosing trading signals in any markets. We will say upfront that we are providing trade alerts. The majority of the signal services on telegram do not provide any type of track record.
If the performance of the signals is great, why not provide some track record of it? Second point, if a performance is provided, is just the performance just for several weeks, months or years?
Anyone can have a good month, several months and even a year. When you have a 3-year track record you will see how the trader handles the trades when the market turns against him consecutively.
Many buckle under the pressure and try to recover as soon as possible, which is a classic psychological error that often leads to greater losses.
Thirdly, as some already said, no strategy can withstand any market conditions. Any services that claim to have a 90% success rate or even 80% success rate should be taken with a pinch of salt.
Fourthly, some signal providers provide multiple take profit orders (TP1, TP2, TP3, TP4 etc.). Many followers struggle to decide which take profit to choose and how to manage the trade as some providers do not send any updates on their trades.
We have a +7-year track record in FX and commodities (mostly FX). In our performance you will see negative phases and positive phases. It's all there. For cryptocurrencies, the performance is still short but we trust our FX performance will act in our favor.
As we cannot upload any images, we invite everyone to review and comment on our (now free) Ethereum forecast that was published at the beginning of April prior to the Shapella upgrade.
Ethereum Forecast April 2023
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