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With the right psychological mind set can a trader make it with just random signals rather than spending too much time understanding all about technical and fundamental analysis?

I've been wondering how some traders suddenly become consistently profitable in a very short length of time compered to others. Some 2 years, some even in the first year with simple basic technical strategic Ideas while some spend 5-6 years or even more before becoming consistently profitable. And some are even making it with just copy trading systems.

Does it mean one could become consistent in the market learning just a few trading tips with well structured psychological behaviors?
What brings about consistency? Good psychology or years of experience. What do you think ???

Anyone can provide trading signals. Even someone that is not good at all in trading and losing can provide signals. It is better you learn how to trade than to be disappointed in signal providers. Signal providers only cares bout their pockets and they do not care about you or your money at all.

If you want to trade profitably, you need to first start with disciplining yourself. Learn risk management. Start with very small amout of money. Learn how to control you emotions. Learn how to use just low leverage. Avoid shit coins. Having good experience in trading can take a year.

But always know that trading is very risky.

The first behavior to apply is to stop going to signal providers.

The people who run such groups will take money for no reason as "membership fee" with or without recurring fee and then dump their shitcoins on you so they can create a fake demand and sell their coins. These two are the methods commonly used by such scammers to get money.

They are rampant because nobody wants to learn trading the hard way or actually do dummy trading to get an idea of how the market works.

Yes I think you have a point there.
I just wonder why I keep meeting good market analysts not being consistently profitable in the market and I thought there's something they have to put together to achieve that.

People who rely on signals are people who don't want the hassle of doing analysis and just want to receive orders and then use them in their trading. This is not trading, this is just gambling your money on the market, because you are only using other people's analysis which could be totally wrong and result in losses for you. It's better to learn technical and fundamental analysis, then build your experience and psychology in the market, if you can do this, then you don't need signals anymore in your trading because you, with your knowledge, are able to make the best decisions for your trading.

Obviously those who become successful on short time span takes more risk and manage to overcome it with their strategy. But that doesn’t mean that they can keep doing it on longer time span consistently with the amount of risk involved to quickly gain profits.

Those user that choose the slow path usually use a strategy that only involves small risk using high capital. Consistency in long term is really the best way in trading since you lose all your 2 years profit with just few bad trades due to the risk you are taking.

At the end of the day, the duration of you profit consistency is more important.

All information that you can get on YouTube or Google is not 100% guaranteed will help you become profitable you need to find it for yourself, and the strategies you get online are just ideas you need to test yourself  in order to avoid losses in the future you need to test your skills first on paper money and learn the basic until you discover a strategy that works for you once you found that thing then you need to focus on that strategy and improve and optimize it until you find the sweet spot before you can be a profitable trader.

And take note there is no trader that consistently profitable look at those who are making a profit even if their win  rate is 50% those people are those who actively trade on every signal or pattern they found even if their win rate is low they always make a profit because they have a risk management this is the thing you should focus because there is no 100% profitable strategy if you have a management risk you can limit further loses and be profitable.

Even if you're to make use of the technical and fundamental analysis we have in trading or tracking the market price, you will still need to do your own research, this will help you to know what more better and apply the right method to use, we also have to understand that either we make use of the random signals or the technical fundamental analysis as the case may be, we have to either be on the winning or losing as we cannot afford to always be accurate or inaccurate about the signal used.

I would rather prefer the other one on which you would really be needing rather on having that understanding and own analysis in regarding TA+FA on which this is much more worth rather than
on spending your time on following some random signals that you do see or hear of. Why? Just like on what those people been saying above that when it comes to signals then it would neither be
that totally having no analysis applied or simply random and intuition and to those who do have which you could really actually make on your own. I would rather prefer on having that loss of profits
with my own methods and ways rather than on following someones calls and analysis which it would really be leading out some regret.

On the moment that you would really be using on your own then you would really be making your trading knowledge and analysis way more better as you do go forward
on which this is something a skill that cant really be taken away from you, plus you would really be that making yourself that lot more better and could stand alone without
relying on someone on the moment that you would be making up trades.

A trader can make it with just random signals and most of their traders are not ready or don’t have that time to learn the basics of the market. They pay to get the signals and once it’s not profitable for them, they must have earned a lot or stop subscribing to that particular person’s own. You’ll need a lot of money for this, because you can lose everything in one trade because money management is not most involved here and are mostly going for full margin which is the most risky but is taken because of quick profit they want to make.


The brain which we use to learn and assimilate things is not the same and that is a distinguished characteristic that is very obvious in today’s life. Some can take lesser time than you think and will be profitable immediately. Just have in mind that, within a period of time you’ll also become profitable if you don’t give up

If ever you would really be planning on following someones analysis then you should really be that doing on your own too on which it would really be that normal that you would really be that amaze on how others been making their own analysis specially if you are really just that starting on dealing up with this market then you would really be that confident that they are making much more better than yourself but it would be that ideal that you should be making on your own too because just like on what mentioned above that if ever that you would be having a losing trade then you wont really be that regretting much because you do know that it do came from you and not for others on which it would really be that different if you are someone whose that been relying with others analysis.

If you do find out that you are profitable with those kind of following method then you would be normally be sticking out but if its not then its time for you to make on your own.
You dont need to be relying with others analysis if you could make your own and in terms of others ideas then snipping out some parts of it would be also significant.

You got it right there. Profitable trading does not rely mainly on trading signals, since it can never guarantee profitability, but it's more on how you will improve your trading skills and strategies, and adapt self-discipline that will help you avoid too much losses in trading. Trading signals are not made for us to maximize our profits, but more likely to increase our losses every time we fall on the traps of these trading signals providers. So don't too paranoid on how trade successfully following random trading signals, but focus more on learning good market analysis and calculated risk management. Don't trade for quick profits, but trade one step at a time until you start trading like professionals.

because it is a free market? In controlled market you can get consistent profit but free market there always uncertainty in the result no matter how good those analyst

You say about consistently profitable trading result which is not matched with trading result for short term.

So consistent profitable trading result in short length of time is a wrong thinking. When you say about consistency, it should be for net trading result in a long term to be accurately.

Emotion and psychology are important for traders and their decisions but emotional effects possible are short term but psychological effects are possibly long term. Traders will move from emotional decisions to psychological decisions, from short term to long term effects by emotional / psychological effects.

If they let these effects affect them, they will not get good trading results.

Psychology of a Market Cycle – Where are we in the cycle? (https://financialhorse.com/psychology-of-a-market-cycle-where-are-we-in-the-cycle/)
https://financialhorse.com/wp-content/uploads/2020/01/Cover.jpg

Knowledge from this forum has exposed to me that psychology is a huge aspect in trading and that traders who are quickly able to achieve mastery of their psychology will take no time in becoming good traders in the market if they are able to follow the lessons on fundamental and technical analysis.
From my point of view I think interest brings consistency because whatever you are very interested in you would always check on it even without being told. So if you're someone who is interested in trading it will be easy for you to build consistency with it and learn faster but if you are someone who was pressured into picking up trading consistency may be difficult for you to develop.

If you want to be a good trader then you should first stop following any signals or signal groups as those are just created to get some liquidity to a coin so they can exit with profit. Especially those random signals that one gets from those meme coin promoting groups.

If you want to be a good trader then psychologically you should keep in mind that trading requires experience and control over ones emotions like greed and fear. If you can't control those emotions then you won't make profits as a trader.

I've been a trader for a long time now and each new trade teaches me something new. That's why I can surely say that as a trader one should also observe the market carefully and only open positions when he/she is sure that there's going to be some profitable candles.

That surety will come from years of experience of trading and of research. Even when you're 100% sure there can still be some uncertainty or errors that you may face and that's why one should use stop losses from time to time in order to not get his/her account emptied.

We can't start and become good at the same time, so it's not wrong to learn from others, besides, not all groups like that are paid and there are also legit ones. In everything that we do, we must also be psychologically prepared, so I wonder why it is only highlighted here in the trading scene. I know trading is hard but it mainly means hard to understand. Some are already psychologically prepared but that is not enough for them to start trading.

Obviously mate, this is what trading is all about (about doing a market analysis) in order to help you trade better. I only find it interesting that you can learn new things each time you trade. I wonder if what are those things. Care to share an example of it?

There is no such thing as surety. You even said it on your second sentence. That is only normal though and nothing to worry about but using a stop loss can sometimes be optional or can depend on the experience of the trader, as I've heard many pro traders don't use it anymore and they can now trade even better.

knowing about technical analysis and fundamental analysis is something very important, but for trading, a person, even if they study for many years, even if they spend every day in front of a computer screen, will suffer losses and frustrations, just ask yourself the following: if you were today a successful trader, someone who managed to make a profit every day in the financial market with day trading, what would you do? Would you waste your time creating a Telegram channel to send signals to your customers or would you be traveling all over the world for tourism, seeing the best places in the world?


Have you personally seen these people who say they make consistent profits by trading? Did these people who trade and make consistent profits show you any proof? because in my opinion, people don't make a profit trading. they profit from courses, from selling signs, from YouTube channels. but they don't profit from trade


Don't be fooled by trading, all those people who say they make money from trading are lying, investing is the way you can make money, and invest in the long term, it's true that it requires a lot of patience to make an investment, but it makes a profit when you do it. due research and investing in good assets, while trading makes people lose money

I do not expect a trader to become consistent in the market by learning some trading tips with well-organized psychological behaviors as you say, of course the trader needs some advice and needs to have good psychological behaviors but he needs to gain experience and constantly develop his skills.

Therefore, in my opinion, the personal qualities of the trader, in addition to years of experience, play the main role in turning him into a successful trader, both are necessary.

Relying on random signal for your trade is detrimental, first thing first, the signal giver probably already bought the coin at the bottom and giving signal for the sake of pumping it, taking advantage of you for exit liquidity, the copy trading also exposed to this kind of risk as well.
second, the signal giver probably just giving some random signal that he himself not even buy according to his own signal, so you're just a test subject in this regard.

the people you mentioned that could profit consistently in trading within short term learning probably those people that already have mental resilience and can manage their emotion good, for example a people with good trading aptitude and mental resilience will try to fill their bags when the market is in red, while the people that are weak and don't have the it factor for trading usually just gonna holed up in fear instead of buying afraid of losing more money.

just see previous bearish as an example, the people who bought at $20k are the chosen people with good mental resilience, i still vividly remember back then many paper hands are calling that crypto is doomed.

so your question
yes, psychological behaviour does contribute a lot to profit generation in trading, i could even say that it's the most important thing, you can be having extensive experience and knowledge but if you're so afraid of things going south you probably never ever gonna trade at all.

Other than those personal qualities of a trader and its experience, having a defined strategic plan in trading and sticking with it will also aid in making consistent profits with trading. Hence, discipline is very crucial in order for a trader to follow the set trading plan, otherwise experienced traders may know already when to stick with its plan or dump it instead.

Moreover, continuous education and mastering emotional control are also vital for a successful trading. Traders need to constantly learn and keep growing, so they can be more sustainable and fit the unpredictable trading market.

Yes, that's right, these are all very necessary things for a trader to have, and the point that you mentioned, I mean, "mastering emotional control" is a very vital thing, and that's why I said that this depends on the trader's personal qualities, because if the trader is unable to control his emotions, it will be easier Manipulating it, whether through greed or fear, which leads to loss.

That is such an important part of the trading world that not many people can see. We should let everyone know that if you know what you are planning on doing, and you would like to end up with making a bigger better profit, then all you have to do is just keep sticking to your plan and you will do better.

No plan starts with "and this is how I will lose money", you had a plan and that plan had a profit planned out, then you should just stick to it and do not get worried because there are bumps on the road there. Sure, you may buy and the price may fall after you buy, if you sell because of that, then you are going to do a lot worse, but if you keep holding, until it reaches the price you hoped, then you are going to make some profit.

For me yes. Since you will be relying on other people here, if they are profitable you will also you will just copy them. The best example here is "copy trading".
For sure a lot of people who already doing this like they will not anymore learn how to trades and understand, but for me, I don't tolerate it, it's not good.

A good psychological behaviour is to not follow random signals because it's like trusting someone you don't know with your money. If you think you have good psychological behaviour, try to learn and adapt and you will be good because those who become consistently profitable within a short period are those who have their minds at the right place and have the ability to learn things with a fast pace, it's not that they learn a little bit and then start following random signals to make their trades.

Even if you are copy-trading, you are basically giving your money to someone and asking them to trade for you, you can do that if you know someone personally and understand that they have a lot of control over their trading because of the knowledge and experience they have, but if it's someone you don't know, I don't see why you should do that instead of learning and making your trades yourself.

Take away good psychology then you see that the trader will keep learning and making psychological mistakes that could be avoided if such balance of mental and emotional strength was there. If you are not stable with emotion the trade is more difficult than you can imagine. So years of experience of experience doesn't matter and it doesn't make someone a good trader when you can't have control of emotion.

Regardless if one has good psychological behavior, relying on random signals will never be a wise option. Simply because trading signals can never guarantee real profitability, but one should definitely have a good trading skill and proven strategies so he will be profitable in this kind of industry. Otherwise, if you are just trading because of random trading signals given by unreliable signal providers, just forget about trading, you will only lose a lot all throughout the trading process.

Some traders can actually be genius like that just as some members in the forum can grasp eat a lengthy thread could be about in a summary but by understanding the topic and reading few between lines.
So In trading, such traders may only require to understand the basic forms of the trade specifically the risks and how to avoid it including the trades potentials in a summary view and then, they're just good to win.

And do take note that those random signals are not in any way considered to be a valid source as you don't know how authentic it is. Most of them are given to mislead traders so those who gave it will get the benefit from those who will take the bait. Just look at how those free trading signal groups operate, most of the subscribers are losing their money from following their advice.

It is better to learn on your own and have a grasp how trading exactly works. Though learning the TAs may not help you from time to time but learning the basics will give you fundamental analysis of what's going on with the market.

Another thing is - experience. If you have been here long enough, you can easily spot those pump and dump schemes and so you can avoid getting in the middle of it. Also, by keeping tabs on the social media channels of each project will give you a hint on where they are heading at. If you feel they are about to exit, better discard your coins fast before it is too late.

What you say is very true, if we only use random signals in the trades we carry out, of course we will not be able to get any profit from the trades we make and I agree with you that to be able to make a profit on trades someone must first have a good understanding. good thing about trading and also they have to prepare themselves first before starting trading because there are many things they have to understand first before deciding to trade because if they don't have a good understanding and also skills in trading but just relying on random signals it will certainly be better do not start to trade because it is very unlikely that they will be able to make a profit from trading. Of course this is not the goal of every trading person because everyone who trades is of course looking to make a profit from the trades they make.

Luck. That is the different. You can have a high skills in trading but  you will not always make a profit in trading. But for the lucky guy, he will make a constant profit, even he can make a big profit. You can not be jealous with what other people gets because you will gets what deserves for you someday.

Sometimes those who doesn't have a high skills in trading but depends on the signal provider just follows the signal given to him. He doesn't thinks about if that signal is right or wrong and he will confusing about that. He just buy it and wait and sell the coins follow the signal.

When someone has a high skills in trading, he will make too much calculation but he always late to act. Having a high skills in trading doesn't mean you can always make a profit but you needs other things that needed to make a profit.

My guess was just mathematics in general. What people do not understand is that not everyone has the same type of intelligence, some people are smart in math, some in literature, some street smart, some book smart, some understand everything about philosophy and can't even tie their shoes. Basically humans do have smart vs idiot, but also smart people have various ways of being smart in different subjects.

This means that one person could see how trading is done and get it in less than six months because they are that kind of smart, whereas some other person can study for many years and still have no idea how it works because their brain is not wired that way. I believe that it would be quite good in the end if we realize that part.

Trading is not just math, if that was the case, math profs would be ruling this sector, but they are not. The key to winning anything is to be cunning and deceptive. You have to learn how the market psychology works and when you can get in and when is the time to exit.

You sell when the price is rising and not buy. You buy when the price is dropping and not sell. These might very easy to understand but in real life when such events happen 90% of traders make just the wrong side move.

Also depending upon someone to tell you what to buy/sell - is the worst thing one can do.

Traders often get the momentum too late. So traders are late in entering or late in exiting their trading positions.
Even when following the given trading signals, it also cannot be accurate. I once followed a trading signal from a channel. some are accurate, but others or more do not match the given target.

Our mistake as traders may be more following the FOMO we hear about to trade or immediately buy a certain asset. with simple analysis, because we are too eager to just follow the advice and the results will not be as expected.

I have tested out too on joining on a group but not a paid one because i do never ever consider on paying up for subs just to get some trading signals or recommendations if we are all considered to be speculators.

The thing you have said is true that on the moment that you do find yourself being late or not be able to execute out basing on the signal given then there would really be that feeling or urge that you would really be making up some steps on which you do know that it would really be able to cope up. If you do find yourself being having that kind of realistic approach on things then why you would really be needing up for you to make up some kind of trying to cope up everything if you could be able to wait up for another one?

Its not something a hack or whatever called it is when you do tend to find for some entries or exits. It would really be just that a matter on how broad and experienced you are
on dealing with this unpredictable space. Actions be made will really be that depending into this regard.

Good psychological behaviors are not enough to remain consistently earning in trading. There's more a lot to that. And to hit the reality that random signals do not last an impact in trading, then that's good to say that it can never be highly reliable as well.

Don't just trade with random signals, but trade through analysing well the market first so you can come up with good and reliable trading signals. Also, use effective trading strategies as well so you can assure higher profitability in trading.

In trading knowledge and experience are the one you need to make sure to survive with the market volatility evey time you make a trade you will learn something with your wins and mistakes and of course you can lessen the number of losses and risk if you have knowledge how to deal with that signals. If you know how to control your self you can make a good decision making with the unexpected price action. A knowledgeable trader knows what they are doing they have a preparation stages before making their trade and they keep stick with their plan so if you need to cut loss deal with it because there's no essence to keep the position people getting more greedy are the one who losses a lot.

It is true that to be a successful trader one must have certain qualities that enable him to trade successfully and the most important thing for that I think is patience even if a trader learns everything and follows everyone's advice, cannot succeed as long as there is a lack of patience and endurance and the right decision at the right time is the main reason for a person's success, whether it is trading or anything else in the market, I have seen that successful people place trades and close trades at the right time.

Therefore, along with learning and understanding, you also need to bring changes in your behaviour. I have seen both panic buyers and panic sellers suffer losses in different market conditions only because they lack patience and due to that, they panic a lot.

When we do fundamental analysis or technical analysis that is a part of doing our own research and that is the best way to trade with more confidence. Doing everything yourself is better than depending on others, there are some things that you'll need help through collaboration or learning directly from others but don't depend totally on them or you'll be going down a path that wouldn't be good for you as you trade for a longer time. Random signals can cause you to lose as you don't know if the signals are good ones or bad ones. There are alot of fakers online and they can post fake signals just to make it look like they're good at providing signals draw attention of newbie that they're want to scam and if you don't do your own research but depend on them, you're going to lose.

Its like a random chance, like giving four options to a set of multiple choice questions and giving the same option as answer to all question, regardless of the content of the question, yields a 25% strike rate.

Because you can never verify what was correct and what was wrong, the creators of such groups take advantage of it. Added to it the fact that members are often disgruntled traders who never want to learn trading on their own, adds to the scam.

It is a complete scam, for those who think it works sometimes and does not at times, you are free to run them and see who becomes the real winner, the owners or you.