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Title: Idea: Keep your own log of your favorite forecasters Post by: djangofan on March 25, 2021, 06:05:21 PM I had a neat idea to keep a log of forecasts for Bitcoin so that I can revisit them later.
Would be fun to see other people doing this also. https://jonausten.blogspot.com/ Title: Re: Idea: Keep your own log of your favorite forecasters Post by: hugeblack on March 26, 2021, 06:44:28 AM What are the sources on which you base your forecasts, do you do this randomly from the Internet or YouTube? Many channels follow the herd, so when the price rises, the analyzes begin that it will become a million dollars to gain more views and vice versa.
It is rare to find neutral comments. Title: Re: Idea: Keep your own log of your favorite forecasters Post by: jossiel on March 27, 2021, 10:26:53 PM And you will conclude who among of them are the best in forecasting? That's a good idea if you got a lot of time and for the review afterwards when you're done with the market or you just want to revisit and check them out.
I think you will be amazed after several months and you're about to take back on those dates with those forecasts. Because you're going to see that some of them are like just random guesses and only a few has gotten it accurately. Title: Re: Idea: Keep your own log of your favorite forecasters Post by: samcrypto on March 27, 2021, 10:40:10 PM I had a neat idea to keep a log of forecasts for Bitcoin so that I can revisit them later. Not just for the sole purpose of revisit them later but I'm doing my log for my future trading decision and since trading requires history, this can be a big help for you to know your next move in trading by just looking at your log sheet. Would be fun to see other people doing this also. https://jonausten.blogspot.com/ You have to keep yourself on track, and put everything under your control, don't just record your favorite forecasters prediction its better to create your own, focus on your own and succeed on your own. Never rely to anyone when it comes to investing, that's risky. Title: Re: Idea: Keep your own log of your favorite forecasters Post by: Baofeng on March 27, 2021, 11:10:30 PM I had a neat idea to keep a log of forecasts for Bitcoin so that I can revisit them later. Would be fun to see other people doing this also. https://jonausten.blogspot.com/ Not that bad idea though, I think many crypto related blogs have been doing this, I've seen one in 2017, but I don't know if the author is still updating it. I'm not really sure if you have added PlanB forecast based on S2F modelling, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25 Title: Re: Idea: Keep your own log of your favorite forecasters Post by: bassbity on March 27, 2021, 11:58:17 PM I am asking, then what is the difference between a fortune teller and an analyst? think about it!
fortune tellers 90% of speculation and the rest is only based on what is heard. while the 99% analysis of statistical calculation test results is based on credible sources, the latest, obtained from field conditions and is likely to be right. You will then use fortune tellers to filter out which ones are correct and which are not. then make the forecast as your benchmark in trading? that way, you indirectly have free trading signals? what is the definition of any paradigm for you to trade? don't you learn to add insight by applying the knowledge you have instead of depending on other people? Title: Re: Idea: Keep your own log of your favorite forecasters Post by: goldade on March 28, 2021, 08:30:29 AM I think you have a great idea here. It is true history repeats itself in trading. Chart patterns form and go only to form again. It's more or less a circle. You should know however that many times our decisions are just random guesses and only few tend to be accurate.
The question then becomes what if I can keep a log of very accurate past trading decisions that have yielded in profits, then you're good to go Title: Re: Idea: Keep your own log of your favorite forecasters Post by: Jating on March 28, 2021, 11:26:33 AM I think you have a great idea here. It is true history repeats itself in trading. Chart patterns form and go only to form again. It's more or less a circle. You should know however that many times our decisions are just random guesses and only few tend to be accurate. The question then becomes what if I can keep a log of very accurate past trading decisions that have yielded in profits, then you're good to go It maybe cyclical but there could be also divergent in the chart patterns and the formation will be different unless you yourself try to point the graph to what ever outcome or narrative you want. But with the OP's suggestion, this is old school though, some traditional forecasters usually keeps a log of their trading activity or their prediction so that they can go back and see where it goes wrong so to speak. And maybe you can correct yourself as you need to evolve and learn in order to be successful in this field. Title: Re: Idea: Keep your own log of your favorite forecasters Post by: slaman29 on March 28, 2021, 02:01:35 PM I think I've seen a number of places already doing this. Impossible to keep up though since there's a new one every day, along with those Bitcoin death forecasts as well!
Might as well just follow in the Speculation Wall and see all those marks they keep already, better than random influencer or specialist trader predictions IMO!! Title: Re: Idea: Keep your own log of your favorite forecasters Post by: crwth on March 28, 2021, 02:21:39 PM Not bad of a compilation. I think it's better to have the price in all of the titles and maybe have a percentage on how much people are bullish or bearish in a certain time. The predictions can be of help towards deciding if your analysis of the prices can be off to the right direction or not or possibly gambling on the word of another trader. The challenge on this is managing your risks.
This log could refresh your memories once they have occurred or the opposite. Making you regret that you didn't follow it. Lol. |