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Topic: who would you trust? - page 7. (Read 1262 times)

hero member
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Eloncoin.org - Mars, here we come!
February 16, 2023, 05:21:23 AM
#95

Individual strategies should be used first while trading. You should never trade using strategies given by others. Signals given by others are never properly successful. So you will be most successful using your own strategy.
You are right that everyone should trade  according to own strategy. while making own strategy if anybody take the help of someone else in basic rules, then I think there is not against learning. One can learn basic learning from old trader because the old Traders has had enough experience and it has been through quite a bit of crypto pump and dump. we cannot ignore new users also because they has some new strategy according to change in market status and by following these strategy one can make a quick profit.
But since every person's earning goal is different and also the money management is different, so making own strategy and trade according to it is much better.
sr. member
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February 16, 2023, 04:18:05 AM
#94
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?
OP answer your question I would say you can consult both. As he is an old man, he has gained market experience for a long time. You can get all information from him. On the other hand, you can also get an idea about trading from a newbie. Remember it never fails to learn something from someone. But learn from there never trade with their given strategy.

Individual strategies should be used first while trading. You should never trade using strategies given by others. Signals given by others are never properly successful. So you will be most successful using your own strategy.
hero member
Activity: 1204
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February 16, 2023, 03:19:31 AM
#93
much better to trust your own instincts. but of course, you can always check the old and new traders' strategies. because those strategies don't mean they are applicable to what you are working on. these days, it is quite hard to trust anyone when it comes to risking your own funds. at the end of the day, they don't care what will happen to your funds. they may give their own techniques or advise something, but it is all up to your discretion if you will follow them or not.
Your instincts can only be trusted if you have demonstrated the ability to trade the markets under pressure and still make profits, too many newbies trust their instincts believing that knowing how to trade will simply come to them once they begin to do it and this never happens.

There is not such a thing as a natural born trader, you need to study, formulate a strategy, test it and once you have a strategy that seems to earn profits you need to try it by actually putting it into practice, and despite how simple it sounds very few newbies go through the trouble of following all of those steps.
Startin out in trading can be a dawnting task, and while instinct can be useful, they should not be the only guide for makin trading decisions. Trust me, I've been in the game for years and know that trading requires a methodical approach that relies on discipline, patienc, and a deep understandin of the market. Rushin in with your gut feelings can lead to disaster. Instead, it's important to develop a solid tradin strategy, test it thoroughly, and refine it over time. Don't let emotions take over, and stay focused even when under pressure. As a pro, I can attest that stickin to these principles is crucial for success in trading. I've made impulsive trades in the past and lost out because of it, but by developing a disciplined approach, I was able to turn things around. Remember, it takes time and practice to become a master trader, but by takin a methodical approach, anyone can succed in the long run.
sr. member
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Vave.com - Crypto Casino
February 16, 2023, 02:50:27 AM
#92
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 are in the market to make money regardless of which of the trader you wanted to follow whether it's old or a newbie trader provided that the trading strategy of the hot newbie is consistently making profits just get along with him since his trading strategy is the latest and most updated utilize that opportunity from him and put the strategy in into use to make money as long as the strategy is effective also while learning some skills on the other side from the experienced trader which can very useful in your trading journey in the long run because 'experience is the best teacher'.
hero member
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Bitcoin is GOD
February 16, 2023, 12:15:36 AM
#91
much better to trust your own instincts. but of course, you can always check the old and new traders' strategies. because those strategies don't mean they are applicable to what you are working on. these days, it is quite hard to trust anyone when it comes to risking your own funds. at the end of the day, they don't care what will happen to your funds. they may give their own techniques or advise something, but it is all up to your discretion if you will follow them or not.
Your instincts can only be trusted if you have demonstrated the ability to trade the markets under pressure and still make profits, too many newbies trust their instincts believing that knowing how to trade will simply come to them once they begin to do it and this never happens.

There is not such a thing as a natural born trader, you need to study, formulate a strategy, test it and once you have a strategy that seems to earn profits you need to try it by actually putting it into practice, and despite how simple it sounds very few newbies go through the trouble of following all of those steps.
full member
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February 15, 2023, 11:18:13 PM
#90
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?
For me, the one I trust the most is myself, while we can take the trading experience of senior people into consideration for executing trading strategies. but it is from our experience that we can provide a strategy that is suitable for us because it can always be evaluated so that we have knowledge about the will of the market in all conditions. therefore developing your own trading style is very necessary to become a professional trader
legendary
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February 15, 2023, 06:53:54 PM
#89
Trading done by someone and trading done by us have got difference. Whenever you prefer to do trading it is good to make your own strategy. The strategy followed by someone doesn't workout for us and the same could lead to loss. So, whenever you're into trading it is good to follow traders, whether it is one who is hot in the market or a traditional trader. Then rather than following them wild taking their suggestions as reference will help to make better trade choices.
The only reason why I will follow the traders that are leading is maybe I want to gain experience,but I cannot trust them to the extent of given them my funds to trade for me.Trust is very hard to build this days,because everybody looks likes scam,so it's better to trade by yourselves and see the outcome,than giving it to someone who would not strategies,but to trade anyhow and tell you stories when the money used in the trading will be lost.
But I found out that the main reasons why people give their coin to people to trade for them is because they don't know how to trade.

much better to trust your own instincts. but of course, you can always check the old and new traders' strategies. because those strategies don't mean they are applicable to what you are working on. these days, it is quite hard to trust anyone when it comes to risking your own funds. at the end of the day, they don't care what will happen to your funds. they may give their own techniques or advise something, but it is all up to your discretion if you will follow them or not.
full member
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February 15, 2023, 06:50:21 PM
#88
Trading done by someone and trading done by us have got difference. Whenever you prefer to do trading it is good to make your own strategy. The strategy followed by someone doesn't workout for us and the same could lead to loss. So, whenever you're into trading it is good to follow traders, whether it is one who is hot in the market or a traditional trader. Then rather than following them wild taking their suggestions as reference will help to make better trade choices.
The only reason why I will follow the traders that are leading is maybe I want to gain experience,but I cannot trust them to the extent of given them my funds to trade for me.Trust is very hard to build this days,because everybody looks likes scam,so it's better to trade by yourselves and see the outcome,than giving it to someone who would not strategies,but to trade anyhow and tell you stories when the money used in the trading will be lost.
But I found out that the main reasons why people give their coin to people to trade for them is because they don't know how to trade.
legendary
Activity: 2506
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February 13, 2023, 07:11:30 PM
#87
(....)
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 depends but I am more confident about the old trader because this trader will not be able to be still here if they are not a profitable trader at all.
I believe that there are lot of new traders now but the challenge for these new trades are how they will stay to the market especially in cryptocurrency which we all know that cryptocurrency market is very volatile.
sr. member
Activity: 1008
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Vave.com - Crypto Casino
February 13, 2023, 06:52:40 PM
#86
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 question her is what does a newbie trader knows about trading? It is just like when two blind persons are following themselves.
We don't have to work with people that have no vision when there are many things we can do to build ourselves and be a better person.
Se persons just think trading is a very easy thing we can start doing and after a while we will start making money just like that. That is not so. Alm I know is that it is beyond our imagination. It is better to follow someone that has experience in trading than to follow those that have to experience.
hero member
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Leading Crypto Sports Betting & Casino Platform
February 13, 2023, 06:33:16 PM
#85
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 see there's no comparison between both of them.
Old reputable traders are supposed to have records of proven successful trades, which is the first thing people look at when they want to follow a trader or want to buy his signals, while new traders will suffer a bit, especially if they have new strategies, because people mostly don't like to be a testing field for a new trader. In addition, new strategies are usually susceptible to losses at the beginning as something might go wrong, because trading for real differs from theoretical trading. We can't compare a man who spent years trading and learning new things with a man who just has a new strategy and needs to test it using other people.
hero member
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February 13, 2023, 06:31:46 PM
#84
Trading done by someone and trading done by us have got difference. Whenever you prefer to do trading it is good to make your own strategy. The strategy followed by someone doesn't workout for us and the same could lead to loss. So, whenever you're into trading it is good to follow traders, whether it is one who is hot in the market or a traditional trader. Then rather than following them wild taking their suggestions as reference will help to make better trade choices.
hero member
Activity: 2730
Merit: 632
February 13, 2023, 03:51:48 PM
#83
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?
Better have not.

Its better that you would be trading on your own and dont tend to be relying into those so called experts and professionals since we are all just the same which we are all speculators.The main difference in here
is about the experience and awareness of the market which it isnt surprising that they would really be able to do better decisions and position making but its not actually that hard to attain those knowledge
for you to make use of your own.I have tested on following someone but it wasnt really that giving good results yet you are really that just relying on them but dont learn something which
isnt i do prefer.So i did trade on my own and do all the things on solo.
hero member
Activity: 1078
Merit: 566
February 13, 2023, 12:27:15 PM
#82
Different people have different strategies and not all time those strategies work even for you so the ideal is to make your own trading patterns if this is not effective try another until you see the ideal trading strategy in your trading hobby so this makes you more confident at your own risk. Use the paper trading feature in tradeview before executing your positions.

Why to always follow a pattern? This is the main reason for which many traders make mistakes at beginning. You don’t understand the basics and just go after strategies. Whereas, no strategy works the second time. The thing that every trader needs to understand is that, do well research and invest on capacity. Invest what you can afford to lose. Do prior research on the coin, and at last invest in limit. Don’t greed for profits and at start, concentrate on no profit than losses. Hope this helps you mate.

Both of you are correct. Like Peanutswar said, don't go for strategies that are working for others rather make your own decisions. This is the only way to boost your confident. If what is working for others also works for you then everyone will become millionaire by joining the signaling group.
The very common mistake made by new comers is that they jump in the market with huge capital. This is because many think that crypto is a place where you can become rich overnight. if you are new to trading then always jump with capital that you can afford to lose.
copper member
Activity: 2268
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February 13, 2023, 11:44:37 AM
#81
Different people have different strategies and not all time those strategies work even for you so the ideal is to make your own trading patterns if this is not effective try another until you see the ideal trading strategy in your trading hobby so this makes you more confident at your own risk. Use the paper trading feature in tradeview before executing your positions.

Why to always follow a pattern? This is the main reason for which many traders make mistakes at beginning. You don’t understand the basics and just go after strategies. Whereas, no strategy works the second time. The thing that every trader needs to understand is that, do well research and invest on capacity. Invest what you can afford to lose. Do prior research on the coin, and at last invest in limit. Don’t greed for profits and at start, concentrate on no profit than losses. Hope this helps you mate.
hero member
Activity: 1666
Merit: 513
Leading Crypto Sports Betting & Casino Platform
February 13, 2023, 10:39:04 AM
#80
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?
Trading tips in trading life can lead to big losses if a trader lacks proper education. I have seen many traders here sometimes discussing trading signals as well. These things can be suicidal for many who want to conduct trading based on these signals. At the beginning of trading a trader must have a good idea about particular area and almost everyone knows about the volatility of cryptocurrencies. It can be a big mistake for someone who is ignorant about it and wants to start trading. The same technique should not be applied over and over again. Moreover, it is never possible to achieve anything big by using others techniques. I think it is appropriate if you can create a new strategy with your own talent considering the strategies of successful traders.
hero member
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Eloncoin.org - Mars, here we come!
February 13, 2023, 09:23:42 AM
#79
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?
Every trader has own strategy And he will tell you what he has experienced previously. No trader is completely right or wrong but i think old trader will be much better than new one. I will look at my money management and look at my strategy. i will pic up some strategy from both which is best suitable for me. I wouldn't rely on them a hundred percent.

Trading is something that you learn the more you do it so instead of depending on others i think it will be better that i  do  own small trade and then make some own strategy according to my fund and my holding duration. i think it is much better then just take others strategies and then trade. in this way you can earn but you cannot learn.
legendary
Activity: 2716
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Once a man, twice a child!
February 13, 2023, 09:07:03 AM
#78
Simple truth – Trust no man; verify all. Sometimes trust is broken unintentionally and we've seen this play out here too. We've seen accounts we felt wouldn't do any wrong get involved in scandalous activities. Some trusted escrows have gone wild and misappropriated funds in their care. These things happen because man is subject to change as it's the only constant thing in life. People do change. Accounts (most) here are faceless. No one can truly tell the personality, age or sex of users here apart from what they want us to perceive them as.
legendary
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February 13, 2023, 07:31:57 AM
#77
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 don't have to trust anyone. You need to trust yourself only if you are sure you know what you are doing. Infact you shouldn't trust yourself either.
Talking about your question, it is better you combine the advice of both plus your own experience and you will understand things that will let you do things rightly.
Especially do your own research but pay attention to both fundamental and technical analysis.
hero member
Activity: 2828
Merit: 518
February 12, 2023, 11:07:59 PM
#76
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?
How will I depend on someone's strategy when I have my own, even if my strategy is failing me, the only thing I will do is to work on it and improve it, but I will never use another person's strategy. If you want to stay long in Cryptocurrency, then you should learn to do your analysis yourself and do anything that works for you, don't depend on anyone. The strategy that your friend is using might be hot just as you said, but if I try the same strategy I might be losing money, so don't depend on anybody, learn to do things yourself.
Ideally, trust is somewhat we need upon learning but if we are just talking about relying on a new trader, it seems difficult.
If we have another option, we better ask those who already have a long trading history for they really have the experience and capacity to help us. Instead of asking newbies, we'd rather help ourselves to learn personally for this is the only way. Might working alone is not easy but it is a need to do, there are a lot of online tutorials that could help us and what we need is application to actual trading.
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