who would you trust? - page 9. | Bitcointalksearch.org

wxa7115

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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 got it all wrong, a good trading strategy is timeless, it works now, it would have worked on the free markets of the past and it will work on the free markets of the future, anyone that is changing their trading strategy constantly most likely does not know what they are doing as some of the most prolific traders have used the same strategy for decades.

And in relation to who should we trust, the answer is always the same, trust no one, if you cannot trade the markets and obtain profits then go back to the drawing board and do not come back to the markets until you know how to do it.

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Quote from: dimonstration on February 09, 2023, 08:27:40 AM

Quote from: michellee on February 09, 2023, 07:29:32 AM

I probably won't trust 100% with trading tips from old or new traders and prefer to analyze myself based on their tips because I might be able to find a moment to use to enter the market. But I see many traders expect to get trading signals from other people, especially in group chats, who don't even know the person giving the signal in that group very well. You have to trust yourself if you can analyze better than other people. You need to learn more from them. Maybe now is a newbie but maybe 6 months later, you are a pro trader who is an expert in analyzing market movements.

This depends on your level of understanding on trading. Probably you have some skills to do analysis for yourself but it’s different with other trader that lacks it because they will obviously just follow someone tips based on experience. Not all people has the capacity to analyze and do an accurate TA for themselves that’s why tipster is always in demand in crypto.

It’s really good to have a personal knowledge on TA to analyze personally some tips.

That is if you can find the right tips but unfortunately, people don't seem to care about that because they are still looking for tips from chat groups.

That's what makes people suffer losses because they only depend on other people's analysis. We can use the analysis or tips from other traders but we have to find out the basics used by them so we can see if their analysis works well when we use it or if it won't work at all and we only get a loss.

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Quote from: blockman on February 09, 2023, 06:52:56 PM

Be neutral in almost everything.
If you think that someone is telling you honest opinions about the market and you're seeing it as it reflects then remain neutral and take those helpful insights.
Always be like that because once you're believing to them, they might take advantage of you and will just milk some money based on how you're admiring them.

Indeed. You can watch and listen to their helpful tips but there's no need to trust anyone of them, since you can create your own plan and strategy through your experience and learning on how to analyze the market.

Just take advantage the information you can get to these traders because it can work as your guide to succeed as a trader. But don't rely on them and always do your diligent research.

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Be neutral in almost everything.
If you think that someone is telling you honest opinions about the market and you're seeing it as it reflects then remain neutral and take those helpful insights.
Always be like that because once you're believing to them, they might take advantage of you and will just milk some money based on how you're admiring 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?

Reputation is a big thing, if you are a reputable trader then for sure someone is waiting for you always.
Analysis requires a lot of work and knowledge, some beginners are choosing to follow someone with their trading decisions while some are too focus on their learnings. Know what is your priority as a trader, and know what is working with you beside trading is more complicated if you have a lot of basis, try to focus in one and create a good approach in trading.

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Quote from: BitDane on February 09, 2023, 05:21:36 PM

~snip~

Quote from: crzy on February 09, 2023, 04:19:53 PM

I usually watched the videos of a pro trader and learn from their strategy, though of course I didn’t follow them exactly but usually their analysis are ok so listening to them are more ok to me than to listen to a beginner trader. Though we should not depend on them always, we should still need to learn trading and create our own strategy. Trading is very risky, there’s a lot of things that you need to learn first before actually making profit.

Definitely a better move than just following someone blindly. So better accumulate learning and strategy, combined them accordingly and it will possibly give us better result.

^Definitely right, the time when I was in trading before, this was a strategy that I used. I follow someone that good at trading and I accumulate those pieces of information and knowledge that I gained. It takes how many months before I tried on my own, I do also practice paper trading, demo trading, and copy trading before I decided to do trading on my own, or let's say, it stands on my own strategy and analysis. The more you have references the more knowledge you can accumulate about them, in trading, there is no one strategy that works, you should use different of them that suit 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?

Why choose when you can just absorb the two predictions and compared it with what we know. It is always best to have things compared and decide it for ourselves than following someone blindly. The two traders you stated have their storng and weak points but by combining the two strategy may somehow supplement each other and will give us more precise price prediction.

Quote from: crzy on February 09, 2023, 04:19:53 PM

I usually watched the videos of a pro trader and learn from their strategy, though of course I didn’t follow them exactly but usually their analysis are ok so listening to them are more ok to me than to listen to a beginner trader. Though we should not depend on them always, we should still need to learn trading and create our own strategy. Trading is very risky, there’s a lot of things that you need to learn first before actually making profit.

Definitely a better move than just following someone blindly. So better accumulate learning and strategy, combined them accordingly and it will possibly give us better result.

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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,

Yourself. Trading strategy would "work" depends on the situation, you can't just stick to one strategy and call it a day, you have to adapt and improvise based on the situation you are currently in.
You can take every strategy you want in the internet, but just take it with grain of salt and take the fundamentals of those strategies into your own based on your performance and how you handle your assets during that period.

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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?

Although it is always changing, in fact, many top strategies is still working very well in any kind of market. This may become the basic strategy to be implemented but we can also combine or modify the strategy based on the condition of the current market itself. We don't need to be strict enough with the strategy to be like this or like that. We may be better to be more flexible to see what kind of market changes are now and what must do much better in this current situation. Of course, modifying and using a new strategy will be very difficult moreover we need to make it really work and we must adapt to the next strategy.

Quote from: tvplus006 on February 09, 2023, 08:29:51 AM

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

or would you trust a new trader who is hot in the market and fresh with new strategies?

Of course, I would listen to the advice of an experienced trader like Jesse Livermore, but the reality is that they will not share their trading strategies with you. But I would definitely refuse the advice of beginners, since this would be the fastest way to lose your money.

Indeed, trusting a new trader that has only a few experiences of profits and loss mean quite stupid ways. Tp traders or professional traders may also use the old strategy and they are also probably modifying but I am sure that those professional traders must analyze the trading strategy much better than the new trader. So, I think also that trusting a new trader will be worse

crzy

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I usually watched the videos of a pro trader and learn from their strategy, though of course I didn’t follow them exactly but usually their analysis are ok so listening to them are more ok to me than to listen to a beginner trader. Though we should not depend on them always, we should still need to learn trading and create our own strategy. Trading is very risky, there’s a lot of things that you need to learn first before actually making profit.

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Quote from: tvplus006 on February 09, 2023, 08:29:51 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?

Of course, I would listen to the advice of an experienced trader like Jesse Livermore, but the reality is that they will not share their trading strategies with you. But I would definitely refuse the advice of beginners, since this would be the fastest way to lose your money.

I will also do the same thing. I would rely and trust the opinions of experienced and professional traders, especially those who have proof of successful trading experiences. Lots of people these days are sharing their tips but not all of them are reliable and might just lead us to confusion and wrong decisions. It will be better to listen to those who are already familiar with all aspects of the trading field. Listening to unreliable advice might only ruin our gambling journey.

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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 really want to give it a shot, then trust the experienced trader for tips, but keep in your mind that those tips might be working for him but it might not work for you since we have our own understanding when it comes to complicated things. That's why it is a must that you have to find out it yourself, trial and error. You have to find the right indicators for you, and how you're going to execute what you've learned.

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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?

Of course, I would listen to the advice of an experienced trader like Jesse Livermore, but the reality is that they will not share their trading strategies with you. But I would definitely refuse the advice of beginners, since this would be the fastest way to lose your money.

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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?

Listen with no one, focus on your own strategy because what works for them might not work for you.
Trading is very tricky, if you will stick on your old strategy you might incur more losses so update it from time to time. You can just see their analysis but again, its better to have your own analysis and try to validate their prediction if you think its ok for you, then use it. I personally trade on my own, I just want some videos about trading and how they analyze the market and will try it on my own using my different approach.

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Quote from: michellee on February 09, 2023, 07:29:32 AM

I probably won't trust 100% with trading tips from old or new traders and prefer to analyze myself based on their tips because I might be able to find a moment to use to enter the market. But I see many traders expect to get trading signals from other people, especially in group chats, who don't even know the person giving the signal in that group very well. You have to trust yourself if you can analyze better than other people. You need to learn more from them. Maybe now is a newbie but maybe 6 months later, you are a pro trader who is an expert in analyzing market movements.

This depends on your level of understanding on trading. Probably you have some skills to do analysis for yourself but it’s different with other trader that lacks it because they will obviously just follow someone tips based on experience. Not all people has the capacity to analyze and do an accurate TA for themselves that’s why tipster is always in demand in crypto.

It’s really good to have a personal knowledge on TA to analyze personally some tips.

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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 rely too much on other people's strategies or analysis because not always the analysis they make will be profitable if applied to our trading, moreover each individual has different emotions that make us confused in making decisions if the market moves not according to that strategy, always apply personal strategy when you want to start trading because even though we experience losses, these losses make us realize that there are still deficiencies in our personal trading strategy, thus making us more experienced in making future strategies.

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I probably won't trust 100% with trading tips from old or new traders and prefer to analyze myself based on their tips because I might be able to find a moment to use to enter the market. But I see many traders expect to get trading signals from other people, especially in group chats, who don't even know the person giving the signal in that group very well. You have to trust yourself if you can analyze better than other people. You need to learn more from them. Maybe now is a newbie but maybe 6 months later, you are a pro trader who is an expert in analyzing market movements.

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I do not advise you to listen to traders, no matter how extensive their experience is. I have not seen a single trader who could openly and publicly, and at the same time consistently show profitability. Believe only yourself and draw conclusions based on facts. I would like to recommend you to try trading with pending orders. I think it is the most reasonable: we buy lower, sell higher in price.

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

Since strategy are always changing in trading,

Strategy don't change it is the trader who tries to force their strategies to do what it is not meant o do. That is why if a newbie adopt any old strategy and applies it correctly to the market they also profit from it. In regards to whom to trust i will say trust your final analysis. If the old trader or the new hot trader is making profit try building a confluence but first make sure as a trader the ability to detect a profitable trading strategy is at its maximum.

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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?

Neither of the two, you cant just trust them no matter how good or hot they are because they are both still speculators which its never been worth on following someone, how much more if you do pay up for some

sub fees just to follow them.I could say that its never been worth and never been that effective.Nothing beats out if you do make your own analysis and learning up trading on your own way and efforts.

So better to learn up for yourself so that you wont really be that relying too much with these people.You could eventually able to stand on your own if you are really just that eager
to do so.Doesnt really need on following someone imho.

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