who would you trust? - page 8. | Bitcointalksearch.org

Sebas.tian

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Quote from: Stepstowealth

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?

My relevance experience is to buy potential coins when the price is low in the market, and release them for sale when the price is high in the market which is the best strategy many potential traders are using to achieve a huge amount of money from their investment. I will trust old strategy than new strategy, because many traders are used to old trading strategy, buy when the price is low and sell when the price is high which is the old strategy that is still working for traders till now. I don't think, it's advisable to use new strategy to trade your coins because it will not let you comfortable like the way you will be comfortable with old strategy you know very well in the market.

Fivestar4everMVP

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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 must answer this, then my answer would be that, i would prefer to trust the old guy that have been trading for a while and have gathered a lot of experiences, they say that experience is the best teacher, i personally see no difference from myself and the new guy, simply because, the guy is new just same way i am new, and you said he came with new strategies, and then i ask, how long has he traded to form those new strategies and also test and confirm that they are working?

Experience is the best teacher, I would trust the old trader for advice, rather than trust a trading newbie like myself, which would be like a blind man offering to lead a blind man.

Issa56

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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?

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.

Frankolala

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You don't need to follow anybody's trading tips, either old or new trader. As a trader, it is better that you understand the risk management, and analysis strategy based how the market changes. Trading can cause you to a big lost when you don't understand the right time to trade. It is better to avoid it if they don't understand it.

If you depend on someone else analysis and you used it,it might lead you to lost and you will regret that you listen to him. Your own strategy might bring you luck in the market because it was from your understanding, while someone else own analysis might not work for you.

Mr.right85

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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?

Do I have to trust any trader with my money based on his trading records?
Not like am going to have to give them my money to trade with it or have to copy there trading strategy or something of those but, technically, having to trust any trader based on there level of exposure to the trade is practically betting on them to have a high potency to win and that is what I am not about.

I mean, a trader could test strategies or take uncalculated risks with your money, they might take other risks knowing that they don't get to go down alone, they might take risks because they've got the balance to hold it on and many other reasons.

The only one I can trust is me because, I alone would feel the impact of being worng or right the most. Being wrong points out something to look out for while being right builds my confidence in me self. I would want that.

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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 old trader was once a "new trader who is hot in the market and fresh with new strategies." I would always go with the more experienced person who isn't conservative but open minded. The new traders' strategies may just be a flash in the pan. And I do not joke with anyone who has a strong reputation. Even on this forum, we know the importance of it.

Cling18

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

Since strategies 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 is 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 will trust a highly reputable and experienced tradee with visible proof of successful trading. Of course, I will not look for perfection because there's no such thing as perfect trading but I find it more reliable to trust well-familiar people with trading. We can also rely on our own experience and effective strategies because we learn through time as we explore more about trading.

Peanutswar

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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.

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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?

Try both of what they are saying.
You will not what will work for you if you will not try both of the strategies that they're saying.

If I will choose between the two, I'll try both of their strategies with a certain amount, and then whatever works for me is the one that I'll be using in my trading journey. Just last month, I tried trading with only 10$, but before that, I watched a video on Youtube regarding indicators that will help me with trading. It was said there that you only need 200 EMA, MACD and RSI and gave some tips as well, and as I watch that video, I'm a bit curious thus, I tried it and just after 2-3 weeks of trading using that strategy, my 10$ went to 50$, and I didn't suffer any lost at all. The only time that I suffered loss is when I tweaked the strategy that I copied and didn't follow it (lucky I set a stop loss or else, I lost all of my money in futures trading). To cut it short, my 10$ went to $100, and still using that money for trading until now.

Overall, it doesn't matter who are you trusting, but what strategies will work for you. Different people have different strategies so try different strategies that you watch and try it all or you can make your own if you want.

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Quote from: summonerrk on February 12, 2023, 05:43:00 AM

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?

Experience is certainly a good indicator. But I know a lot of long-term specialists in the field in which I work full-time, and not all of them are good. Many people are here because they just stayed too long, have no desire to discover something new, to study breakthrough technologies. Sometimes a talented novice enthusiast with a fresh look at things is much better. You need to look at the percentage of successful operations (in the case of the exchange - profit), this will give a more objective understanding.

You have a point, not all seasoned traders or investors are good, and newbies are either inexperienced or unable to make a profit. It doesn't matter how long we exist in the market, what matters is the results we achieve. Because we are talking about trading, compare the results that the person gets from that should choose the one with the better record. If you have experience but do not make a profit, it is also useless. Don't forget, the goal when participating in finance is profit.

crwth

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The things that are constantly changing are people. The decisions traders need to make are the reactions of how people will interact with the market, whether they are going with the flow or planning to go against the majority. It's always going to be a constant thing.

If someone is trying to point out and have their strategies, and it looks profitable and successful, then it's worth checking it. As long as you keep an open mind, you can look at it with an unbiased view, and if it works or is worth checking out in the long run, then you earned another strategy to beat the market. Still, if not, it's your time, and learning something is better than not doing anything.

Inwestour

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Quote from: Lida93 on February 11, 2023, 05:02:17 AM

In every area of specialization experience matters a lot. If you were sick and needed to go through surgical heart operation, and you're asked that between an old doctor that has been in the system for decades with wealth of experience in the profession to a new fresh doctor with good grades that has just been inducted into the profession who amongst this two will you OP choose and why?
I bet you will hurriedly pick the old experience doctor to the new fresh guy that just arrived due to his wealth of experience, same thing applies to trading, experience is the bedrock to pulling through with any strategy that you would wanna use without which a little psychology move by the market price can through you overboard.

Because experience is gained in practice, long-term practice, this is the most valuable thing. Anyone will tell you that a few years of practice (of course with certain knowledge) will be valued much higher than dozens of books of studied theory, unsupported by anything.

Therefore, most will choose an old experienced doctor, but the truth is that a young doctor cannot gain experience if he does not start practicing, and someone should become his first patient, this is normal. Successful students with good grades are the ones who will get a chance to practice in surgery, if you get bad grades then the doors will always be closed to you.

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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?

Experience is certainly a good indicator. But I know a lot of long-term specialists in the field in which I work full-time, and not all of them are good. Many people are here because they just stayed too long, have no desire to discover something new, to study breakthrough technologies. Sometimes a talented novice enthusiast with a fresh look at things is much better. You need to look at the percentage of successful operations (in the case of the exchange - profit), this will give a more objective understanding.

nara1892

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Quote from: Lida93 on February 11, 2023, 05:02:17 AM

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 every area of specialization experience matters a lot. If you were sick and needed to go through surgical heart operation, and you're asked that between an old doctor that has been in the system for decades with wealth of experience in the profession to a new fresh doctor with good grades that has just been inducted into the profession who amongst this two will you OP choose and why?
I bet you will hurriedly pick the old experience doctor to the new fresh guy that just arrived due to his wealth of experience, same thing applies to trading, experience is the bedrock to pulling through with any strategy that you would wanna use without which a little psychology move by the market price can through you overboard.

Someone who is experienced will be more trusted than someone who is new even though their abilities are the same. I like the way you put the equation on this and I totally agree with that.
Experienced people are usually more able to look for loopholes because they find a lot of the same things, especially in trades that in my opinion don't change too much. This is a plus for them, and it is a form of appreciation, I've heard that experience is a very good place to learn.

Lida93

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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 every area of specialization experience matters a lot. If you were sick and needed to go through surgical heart operation, and you're asked that between an old doctor that has been in the system for decades with wealth of experience in the profession to a new fresh doctor with good grades that has just been inducted into the profession who amongst this two will you OP choose and why?
I bet you will hurriedly pick the old experience doctor to the new fresh guy that just arrived due to his wealth of experience, same thing applies to trading, experience is the bedrock to pulling through with any strategy that you would wanna use without which a little psychology move by the market price can through you overboard.

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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?

For me, I stick with the trader who has experience and has relevant trades even to this day. New traders thinks strategies are the core but most of it could be wrong as well, strategies are just being recycle and most of it was done by old traders too. Trading for me is all about the experience overall, strategies are just side dishes.

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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 want to become a trader, then you'd better educate yourself and do your own research, that's the best way. And if you need to gain more knowledge by learning from others, then you should choose the person whose method suits you best. It doesn't matter if they are a seasoned trader or a new trader, what matters is the profit they make, you should see the results and make your choice. Sometimes the new trader's method works for you and makes you more profitable, try both.

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Quote from: Questat on February 10, 2023, 01:55:37 AM

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?

Which one do you think is the right person to approach;
a trader with long experience in trading or a trader that is just a few days in the market? I think it was not hard to answer and of course, we choose those who are capable enough to teach us. Though we can say the market is changing and also strategies might not effective anymore. However, we can't hide the fact that experienced trader has the ability to adapt to the market situation which can also teach us and give us some ideas.

Experienced trader could always adjust their strategy based on the market and the developments, a newbie is there to just learn and while they are learning, how could they become better than the experienced one? Just because new one is following the trends is not enough of a reason to keep up with the experienced one.

I understand that some people will look at the current situation and imagine that it would be much better if you are following the trends, but it is better to be experienced and know everything, because that allows you to go with the flow of the market and learn new things a lot easier. I personally would pick the experienced one as well.

Questat

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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?

Which one do you think is the right person to approach;
a trader with long experience in trading or a trader that is just a few days in the market? I think it was not hard to answer and of course, we choose those who are capable enough to teach us. Though we can say the market is changing and also strategies might not effective anymore. However, we can't hide the fact that experienced trader has the ability to adapt to the market situation which can also teach us and give us some ideas.

Alisha-k

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Trust your instincts, it is your most powerful force, trust yourself, you're your no.1 fan.

An old trader who has had better experience trading and a new trader with top-notch strategy are both vital to the game, your instincts helps you decide which of the strategy you apply as the market changes.

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