who would you trust? - page 11. | Bitcointalksearch.org

jeraldskie11

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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 we really have to choose between the two, I would choose new trader. Market is always changing not all strat are working all the time especially when big banks or institutions already know that strat. We have to bear in mind that they're the manipulator, that's why we have to find new strat, a strat that knows where the institutions are going to buy. However, we really don't have to trust our money to them because it's our money, just get some knowledge from them.

Ndabagi01

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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?

However, this question appears rhetorical because no one can be certain of the strategy tip that will work perfectly for him/her. A strategy that works well for one person may not work well for another. The best thing for them to do is to find the best strategy method that will work well for them. Trying two or more strategies in order to find the best one to work with is a good idea.

Lanatsa

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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 only yourself and this is where you should really be ending up.When you are a noob then its not bad to take up some consideration on looking on how those veterans would really be making out their trades.

Getting up some idea wont really be that bad as long you arent really that reliant into that.This is what matter the most that you should really be that versatile and able to adapt on what are the things around you.
When you are still on learning phase then it is really normal that you do have in mind on seeking or looking for something like this on which you are really that tend to copy on what those experienced
people been doing but still nothing beats out when you are really that self learning.

Cantsay

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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 fact is that if you don't learn how to make analysis and think by yourself you will never get to advance you'll only just be feeding off from the leftovers of those you're relying on. But, if you need something like an advice or something similar then going to an old and experienced trader will do the trick but as for getting tips on how to trade or on which stocks you should trade then it's no longer advisable to meet anyone for that kind of help. Just sit down take your time to analysis the market and come up with something that you're okay with.

adaseb

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Neither.

The old trader who is experienced and profitable, why would he teach you ? What does he gain exactly unless you are a close friend or family member. He can just take a few trades himself and go golfing for the rest of the day. Why waste your time to teach new people to trade? Obviously they do it because they want money from their coaching. However why teach trading, when you can just trade and make more money that way? Hence why many of these trading signals from "gurus" are nothing but scams to lure new traders.

And a new trader will never make you profitable long term. They usually make good money in a bull market and when the markets peak they end up losing all their money. Its very easy making money in a bull market, anyone can do it. The trick is to survive the bear markets which most people can't.

Nrcewker

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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 always advised that when it’s your hard earned money, then why investing it on other people’s calls? Always invest the money where you think is good and beneficial. In this manner if you make losses, you will learn from it and you won’t blame others for the loss. Definitely you can learn how to trade from experienced traders, but don’t put your money on their picks. Regarding strategies, they never works the second time, else everyone have just followed the strategies and would have became rich by now. So take time, learn and use it in the market.

electronicash

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the person you probably ask for tips in trading doesn't want you to trust him either because he doesn't want you to blame him if incase you lose money because of his trading advice.

trust yourself and trade based on you what you have read on your trading chart. you wouldn't have to blame someone else. this way you will strive to learn with your experience.

Fondarchand

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In this era everyone wants to be successful without giving benefits to others. So trust on another person is something difficult. As you know that there are so many groups of Telegram which provides information about the coins and other data like price prediction eta so may be these are true and may be they are providing wrong information regarding trading. Also remember that new traders has not such a good experience as compared to those traders who are involved in trader for so many years. I have gained experience from my cousins therefore I can trust them easily so just see that person which you can trust. YouTube videos will helps you in attaining your goals.

ethereumhunter

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I trust myself more than I depend on other people to analyze the market. Maybe I could ask for advice from other people, including experienced traders or new traders, because it can add to my knowledge in analysis. The more information I can get, the more valuable input I can get and of course, it will complement the results of my analysis.

The more you can get information, it will benefit you in analyzing because you can find out the analysis of other people so that your analysis can be more accurate.

Jody.Drummer

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If it becomes a good thing for our trade, then we must listen to both with the aim of learning the knowledge and we can apply it. But don't assume that the strategies other people use will also work for us. We have to look for our own trading strategy. We can collaborate between experienced traders and new traders from there we can absorb their knowledge and then we process it into our strategy. Never look at who teaches us, but see what they teach, if it makes us better then adopt that knowledge.

Zaguru12

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One fascinating aspect of cryptocurrency trading is you don’t need to pick or rely solely on any trader tips rather you gather them lots and the do your research on them them. The old trader possesses consistency and that is one major factor needed in trading and then the new trader might have some new ideas to get from. So I would say one could combine both and use it. But the best strategy in trading is that strategy that has been working for you

bittraffic

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You can always listen to what both are saying. The experienced trader can help when it comes to what they have encountered in their previous trades and you can always hear what the new trader says. Crypto is a new market. Its just a decade, there could be things that will happen that will change its cycle.

It's always still you that will execute your trading and it's you who will decide whatever you saw in your chart.

Mauser

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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?

That is a though question, because a young hot trader could only have been lucky in the past and will not make big returns in the future again. Similar with the old trader who might not have had a successful trade in years. In general I would always be cautious when it comes to trusting strategies from other people. It's better to check and analyse strategies ourselves than blindly trust someone else. If I had to choose between the two I would go with the older experienced trader. Being around in the business for many years means that he has seen plenty of bull and bear markets. Maybe he developed a sixth sense to identify the big cycles and can better protect my coins. Even better would be to use both their advice and bet big when they give the same recommendation.

BenCodie

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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 answer is that you don't rely on anyone for trading tips. You should learn and think for yourself, HODL or not trade at all. Taking tips from others rarely works well, it can only succeed for so long and in the end someone or both parties feel like an idiot, especially in volatile cryptocurrency markets. It's easy to pick stocks and shares in the long term, they go up and up and up because money printer brrrr then when someone is wrong, everyone is so wrong that they don't care about who they got their tips from. Bitcoin and cryptocurrency is another ball park, because it is a legitimate market. The price is unpredictable because people are unpredictable, just as are whale forces (hedge funds, banks, corporations, high value individuals, all of whom are around the globe).

TLDR: No one will ever be right consecutively, so just don't take tips.

Stepstowealth

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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?

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