Topic: Trading Signals vs Own Analysis - page 5. (Read 964 times)

I think "checking" and following are different stuff. If you are checking others analysis that is great, and you can even do your own and compare that with others as well and that way you could see if everyone thinks like you and have a confirmation.

However, if you do not do yours and just blindly follow someone else, that's going to be a trouble for you and you are going to lose a lot of money. Which is why it is suggested that you should learn to do your own analysis, you should be making a lot more profit that way. I feel like there is going to be a big difference in the end and you should be gradually becoming a better trader and eventually after becoming rich, stop trading and just invest and eat the profits.

You make a good point that not everyone can be their own trading analyst due to various reasons. However, it is important to take the time to learn how to analyze trading charts as it can help one make informed decisions when it comes to trading.

It is easy to fall into the trap of following someone else's trading signals without fully understanding the charts and market conditions. This can lead to losses and frustration.

My high school classmate has dedicated a lot of time and effort of self-learning and ended up having his own Youtube channel and gaining revenue from his Patreon subscribers is a great example of how taking the time to learn can lead to success in trading.

While it may take some time and effort to learn how to analyze trading charts, it can pay off in the long run by allowing you to make informed trading decisions and potentially even create your own trading signals.

Which does means that checking others analysis wont really be that bad, of course you would really be having that kind of in comparison with yours analysis compared to others which if you do see some
strategies which you do look that it is really that something that can be applied into yours then you would really be seeing this not to be that bad but its better always to rely with your own
analysis which it would really be giving that kind of no regret when it comes to outcomes or results unlike when you are really that following or using up something and ending up on a
lose then you would really be having that kind of regret in the end which we dont really like.

I personally seek other charts analysis to have my own analysis a validation and to gain some ideas that I missed. I do this when the market is in chaos or I'm not really confident on how my technical analysis will turn out. It's never a be mistake to ask for someone opinion especially if you are trying to improve your self by asking validations. The bad thing about it is to just purely rely on the charts that you saw and abandon your own analysis. I encourage even new traders to practice their own analysis even if it's a bit rough and just try to compare it to other signals as a way to check their growth and improvements.

Getting help from crypto signals and then try to use your own idea will be better because sometime the market is so harsh that no one knows what to do so in such situations getting help from crypto signals is not bad. Depending on crypto signals sometimes become disadvantage for you because there are a majority of individuals who doesn't not know about signals but they give it to another just for getting cash in return so try to hear everyone but take a decision what you really want to take and what is better for you.

For us who already have some experience, it's easy to say that our own analysis is better. We know how to differentiate a bad analysis from the good one but we still don't praise those who have a better analysis because we think we are better than them.

For someone who is new here, they can rely on someone's analysis, more if they are rushing to trade and make profits. Regrets will always be there, the same when we lose in gambling and on any other activity but I think for those who are a sport person and only want's to enjoy everything, regret is never in their vocabulary. That is a good example and we need to follow it to have a better life.

Right. Although your own analysis is not 100% accurate, it will help you because you develop a deeper understanding of the market and the factors that influence price movements. This can help you to make more informed decisions and to adapt to changing market conditions without being bothered by anything else. But what I find a con is that it can be time-consuming and sometimes we may need a greater amount of knowledge and expertise. It can also be difficult to remain objective and avoid emotional biases when analyzing the market. It won't hurt to get some help too from trading signals.

I think we can take advantage using both trading signals and own analysis at the same time. For example, after relying on trading signals, you can use your own analysis to confirm the signals by examining price charts, market news and other factors that could influence price movements. By doing this, you can make more informed decisions about when to enter or exit trades.

We still have to be cautious of trading signals that are not legit because they just want make money by charging subscribers for access to their signals. They may use social media, online forums or other platforms to promote their signals and attract subscribers. Let's be careful,  let's look first for reviews and testimonials from other traders and be wary of any group that promises guaranteed profits.
Anyway, relying solely on trading signals is very risky because they can sometimes be inaccurate or fail to account for unexpected market events. They may not take into account other qualitative factors that can have a significant impact on price movements like an event that can cause an unexpected shift in the market. Like what I've said, we can use trading signals in combination with our own analysis. 

no one can generate signal with 100 percent accuracy, they is no need of paying for a signal you can generate because most times after paying for signals, you will still end up losing.

If a person or trading signal group claims to have 100% accuracy, they are most likely a scam; they say this to entice newbie traders who only want to trade using signals. Also, how do you calculate the winning percentage when it's only 80%? Is it your own analysis or the signal? because most of the signals they are sending are just telling people to buy or sell and then posting their shitcharts, which those in the group couldn't understand.

Besides not being 100% reliable, group signals seem to be self-deception, considering that it makes us lazy to learn about trading. until later life is spent just looking for the best signal, even though there is no perfect strategy. therefore it is your own abilities that should be sharpened so that they can become provisions to be able to trade well. therefore don't be lazy to process, because money will follow us later

You are doing what you should be doing by trading when you are free so you can take the time to analyze the market. Indeed, no one can generate signals with 100% accuracy because it predicts where the market is moving.

It's better for you to analyze yourself to improve your trading skills because increasingly uncertain market conditions require better analytical skills. I have experience using trading signals but the results are not as good as I thought. Since then, I decided to learn to trade so I don't depend on signals from other people.

Even if signal groups were legit, i.e, having good win trades, eventually they will try to make money of you. As it was their intention to start the group in first place.

Once such groups are grown enough, either they will shill some coin to you, use their group for pumping & dumping coins or put their group behind pay wall.

Depending on yourself is always better.

Impossible to have that 100% accuracy. Trading signals are just meant to give us the possible outcomes that a certain trend will go referring to where the trading indicators result. Really hard to trust a trading signal group claiming a 100% accuracy to their banners just to attract new users to paid money for it.

It's better to work on our own and do the work for ourselves. It will take time to at least understand the market behaviour but we will get there soon.

Good thing that you realized some good pointers while being under a trading signal group. Actual experience will really made us understand if we really need to rely on trading signal group or trust our own analysis.

Regardless though, whether following a trading signal or not, once a trader become used on doing trades, experience will teach us how to become a better trader while on progres.


1. That's why it call "signals in the first place. Supposed to be it will just give us some scenarios to happened. Once a group claimed that they can able to generate signals with 100% accuracy, that can be considered as "sh*t" group.

2. But not the always case since crypto is too volatile and speculative.

I agree that facing your own actions consequences is the best thing to learn how to trade. If you listen to someone else and lose money, then the only thing you would learn is not to listen to them if you are smart, maybe even keep trading based on what they say if you want to give more chances to them.

All of this would not grow you as a trader and would just make you weaker and you would continue to lose more and more money. Whereas if you are smart and you know what you are doing, then you would trade yourself and even if you lose money then you would end up with something much better, which is the fact that you would learn from mistakes and be better.

You wouldn't feel any regrets
You wouldn't feel any anger
You wouldn't really be annoyed nor disappoint on the time that you would be lossing.

This is the difference when you do make use of others analysis which is compared to yours where you would really be making out adjustments on your own
and you wouldnt really be feeling that regret on the time that you would be losing a trade.

Trading with your own analysis is so much acceptable when it comes to losing a trade because at least it is your own judgement, unlike when using someone else's technical analysis which is much kind of regrettable. Trading is all about prediction and luck, in my opinion, technical analysis increases the chances of predicting what's gonna happen next, depending on your knowledge about the market.

I do agree that there are too many people who do not know what they should possibly do with their money. And that's a sad reality, because not many people in the world has money, so if you are one of the lucky few that has money to invest, any money on the side, that is amazing.

I have debts and I am barely paying them back thankfully, it's a bad period for me but I am sure one day life will be better for me but even with no money I still know what I would do with it, and nothing risky as well, yet there are some people with money and they do not know what to do with it and so they end up checking these other people for signals on what to buy, that's a big shame.

I think combination of both methods would be more accurate and give confidence to trader as he/she can evaluate their own strategies with given signals, back checking the profits & losses can compare with own results.

Trading signal is only for people who don't know how to trade or people who don't have enough time to analyze the market. There are many people who rely on that, and I witnessed it by entering some crypto trading groups. I thought it's working since some of their signals were materialize. So people who win some of their signals posting it in the group and seems they're really earning. But in reality most of their signals are not working and their members were getting big losses at the end of that.

And here are the thing. Before they post their signals, they already gain 10% to 20%. And now, I didn't find them just like a water silently flow in the river.

That's why don't let others trade your money, you must be obliged in your own money. Don't let insert in your mind that they are only the profitable, it can only affect the way you trade.