who would you trust? - page 10. | Bitcointalksearch.org

boyptc

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Quote from: Stepstowealth on February 06, 2023, 10:09:21 AM

Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?

You should only trust yourself and your instinct.

If there are other good traders that are happily sharing their wins and strategy, if it's possible to know their losses then also start to know about it so you'll know what are the lessons that you should take from them.

But if with those choices, then you should choose the one whom you can learn with. Based on that description you've given, if I'm hungry for a mentor or tips then I'll go with the first choice.

albon

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Quote from: Stepstowealth on February 06, 2023, 10:09:21 AM

Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?

The problem that makes most traders lose their money is their reliance mainly on the advice and strategies of those who have experience and reputation in crypto forums and blogs and on YouTube. Technical analyzes and strategies do not always succeed and achieve their goals, so the solution is to gain experience on your own, there is no objection to receiving advice and guidance, but you must Do your own technical research and analysis and not let these tips /advice affect your investment decisions and deals, Also, do not trust any trader blindly, as he does not guarantee that by following him you will achieve profits, so rely on yourself.

WatChe

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Quote from: traderethereum on February 07, 2023, 02:41:11 AM

You can just listen to tips from experienced or hot new traders, but you must be able to analyze yourself so you don't depend on them.
But if you don't have a close relationship with an experienced old trader, he will not easily give you trading tips because he will see first who asks him.
That is why we must have analytical skills to do it ourselves and try to improve our analytical skills.
And if we already have sufficient analytical skills, we will not depend on anyone because we can trade well without them.

There is no harm in taking advice from experienced or new traders but best thing is to correlate these advice with what your own mind says. In this way your brain will be tuned for trading in the long run. Try to make decisions yourself, even the wrong decision will help you in making correct decision very next time. Do not rely completely on other people advice.

AbuBhakar

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Quote from: Stepstowealth on February 06, 2023, 10:09:21 AM

Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?

Portfolio matters the most and experienced is useless if his trading portfolio is not good at all. A newbie trader with a solid winning percentage portfolio with accuracy is much better on pro traders that is just all talk bout indicators but has a failure portfolio because the record is what matter most in trading and not lengthy experience. Trading outcome is unstable and experience of traders is irrelevant if they didn’t learn anything from it.

jaberwock

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Quote from: AakZaki on February 07, 2023, 01:03:35 PM

No single person or entity can be completely trusted in crypto trading.
New traders who have a lot of experience or new traders who have extensive knowledge, all of them still cannot be trusted.
Crypto is a highly volatile market and is highly dependent on various external factors, such as price fluctuations and regulations. Therefore, it is important for every individual to do their research and make a wise investment decision based on their own understanding of the market and prospects for a particular cryptocurrency. Recommendations from friends or social media cannot be relied upon, and it is better to verify the information and perform "due diligence" before making an investment decision.

A person or entity is trusted until it's not anymore. I can say this because I already saw lots who start great but eventually turned bad. Even the person that we know the most or close to us can still betray us suddenly. The main cause of it would be greed or wanting to earn more money.

In crypto, someone can mislead us and offer us a token to be used in trading but these tokens will only become useless after more people bought it for either trading and investing purposes. Not all cryptos are volatile but those who are stable and less volatile are likely be regulated. There are advantages of it but there are also drawbacks so we must think properly before buying them.

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Quote from: Stepstowealth on February 06, 2023, 10:09:21 AM

Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?

I think think trusting people is necessary in trading. One I know what I am doing and I am ready to learn then I don't have to bother myself much about the changes in market movement. I will rather prepare to learn just like other pro traders in the market that are making good predictions and making some cool cash. We just have to be prepared to do things that matters not wasting my time of sometimes unnecessary. Since those good and experienced traders passed through test of time to be able to get to that level, why not myself doing and going through the same steps.

AakZaki

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No single person or entity can be completely trusted in crypto trading.
New traders who have a lot of experience or new traders who have extensive knowledge, all of them still cannot be trusted.
Crypto is a highly volatile market and is highly dependent on various external factors, such as price fluctuations and regulations. Therefore, it is important for every individual to do their research and make a wise investment decision based on their own understanding of the market and prospects for a particular cryptocurrency. Recommendations from friends or social media cannot be relied upon, and it is better to verify the information and perform "due diligence" before making an investment decision.

tjtonmoy

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Quote from: Stepstowealth on February 06, 2023, 10:09:21 AM

Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?

If you are a trader and want to trade, don't follow other. Rely on your own analysis and trade accordingly. But if you are a newbie and want to learn how to trade, then I would say, you should stick to the experienced one. Strategy stay the same in the market, but the use of strategies depends on market condition. You can create new strategies by combining those, but you have to rely on those existing strategies.
So go for the old guy with the best experience.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Stepstowealth on February 06, 2023, 10:09:21 AM

Since strategy are always changing in trading, what is the relevance of experience?

Experience teaches you that the buy low sell high strategy is the only one to follow and is going to give you good returns in a long term game.

Quote

Who would you trust the most for trading tips,

There is no such thing as trading tips. Anyone touting the same is a scammer/opportunist attempting to fool you for something valuable.

Quote

An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?

I only trust charts and my own judgement. Remember that your loss in this market is the gain for another trader. So why would you expect someone to help you at all?

If it is a family member who has good interests in you, then its fine. But internet weirdos giving advise is a strict no-no. To learn trading you can search on the internet and learn a lot of the basics that are needed. No need for advanced jargons because you will never be able to apply them. Follow the method I mentioned in my first line and you will profit easily over time.

Gladitorcomeback

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strategy changes with the passage of time, and the time comes when the owned strategy become useless. Those individuals who are willing to get profitable results should get knowledge from crypto experts who have created the groups and also other traders which you realize that it can give you correct and useful information.

There are lots of people who are scamming other individuals by giving them incorrect data about their achievements so people follow them and as a consequence of this they lost their money. You do not know that the provided information will be valuable for you or become a cause of your defeat.

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Quote from: Stepstowealth on February 06, 2023, 10:09:21 AM

Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?

In the practice of crypto trading, our experience can do a lot and teach us, experience is the best teacher no matter what field of business we try.

And trusting others depends on you, it can be done if the person is your close friend and has been with you for a long time. Now, if what you're looking for is influential people, that's still up to you.

Smack That Ace

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Quote from: Stepstowealth on February 06, 2023, 10:09:21 AM

Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?

If I had to choose between the two, I would prefer to trust an old trader with more experience than a new trader. But I think it's better not to trust anyone, we should do our own research and analysis, no one is worth trusting in this market. The market like a battlefield, will have winners and losers, I don't think anyone will be kind enough to teach us skills to help them make money. It was like they were kicking their own meal. Moreover, why give our life to someone when we can also do everything ourselves? Not depend on anyone, and earn our own money.

traderethereum

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You can just listen to tips from experienced or hot new traders, but you must be able to analyze yourself so you don't depend on them.
But if you don't have a close relationship with an experienced old trader, he will not easily give you trading tips because he will see first who asks him.
That is why we must have analytical skills to do it ourselves and try to improve our analytical skills.
And if we already have sufficient analytical skills, we will not depend on anyone because we can trade well without them.

xSkylarx

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Trust could kill you, though I don't see any reason why you need to select between experienced and newbie because it is in your own hands on how to improve your strategy. You are just using their opinion to make better tweaks to your strategy, but that doesn't mean that you will really follow it, meaning you are just finding out if their tips are relevant and thinking that it is good for you no matter their experience level as long as they give relevant opinions on you. It is like old people who have a lot of experience in life but are not that computer literate compared to those teenagers who are very tech-savvy but still new to life.

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Quote from: Stepstowealth on February 06, 2023, 10:09:21 AM

Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?

because sometimes market situations do not match the plans we make, of course, the experience will be needed in taking the next step when the market moves not according to predictions. we have analyzed with the tools and skills we have. but the experience is also important. both are needed in trading. I could have taken advice from experienced traders, also traders who have better methods and strategies. but I will still use the results of my analysis.

OcTradism

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Quote from: Stepstowealth on February 06, 2023, 10:09:21 AM

Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?

Don't trust anyone or any strategy because the market changes, the society changes and strategy will be impacted. You can not apply a strategy and get same good results forever. With different market trends, one strategy will give you different net results.

In addition, at points of trend turning, most of strategies will fail but unfortunately, if you over trust and don't be careful, you will lose capital at those points of time.

Don't trust any veteran trader because they have many years of experience in the market. Being a veteran trader does not mean he is a successful one. Especially you should not trust a veteran trader from other markets but want to give advice in cryptocurrency market.

wajik-tempe

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Quote from: Stepstowealth on February 06, 2023, 10:09:21 AM

Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?

it's important to consider multiple sources of information and do thorough research before making a decision. While an old trader with a strong reputation can bring valuable experience and insight, a new trader with fresh strategies and a successful track record can also bring new perspectives and potential profitable opportunities. The most important factor is to trust your own analysis and judgement, and not solely rely on someone else's advice.

kotajikikox

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Quote from: Stepstowealth on February 06, 2023, 10:09:21 AM

Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?

This is the question I mostly find not needed to choose , because trading means money matter and not just that it is ours, to lose and to be fooled so why need to listen in single person when you can use both their skills and behavior?

I mean check the advise of the old trader and also listen to the new one , then evaluate their advise whom to listen and follow? or use them both for better outcome?

abel1337

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Quote from: Stepstowealth on February 06, 2023, 10:09:21 AM

Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?

Trust yourself. It's hard to rely on other especially if we are talking about money. Old traders has the necessary experience to do successful trades and know what to do in every situation they face, They can easily change strategy if they want if the strategy they are currently doing flops for a certain reasons. Those new traders who are doing hot wins sometimes are just carrying tons of luck and be confident enough to brag about it and give advices to public. Trust yourself, Listen to them but don't get too attached to them as if you are following every thing they teach. It's nice to have both worlds and apply it to yourself and finding out yourself on how you will execute it. If you trust others, You will certainly blame them if you fail to do it and that is why you need to trust yourself and make yourself accountable on every move you are doing.

poodle63

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I usually don't rely on stranger in term of financial decision but if I given the chance to choose of course I'd choose new trader with fresh strategies, frankly the old trader are already established enough that even if they didn't do some strategy they'd still strive because they might already have some fund management company and have some insiders information in regard of the company they invested in also same thing with cryptocurrencies project, if you think you could follow them that easily you're wrong.

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