Do You Compare Your Trading ideas with others ?

[Palider]

Don't compare yourself to others, Because you can do as well as they can, if you focus on what you do. Comparing your Trading ideas to others will only stress you why you can't do what they do. Why not focus on what you do so that you will know why you keep making mistakes. It can really help you to build yourself and to be successful like others.

[Best Dreams]

I usually do this by comparing a number of predictions that often occur in group signals. I always compare them with the results of the lines I made from the chart of price movements at the exchange so that I can find out which is more valid.

So does it help you out to know which is a better way to get profit as I know in the forum in a single day millions of people use to trade and share their ideas so do you compare with the few best ones??I try to gain information from other people by telling than the weak points of my strategies so they give me ideas according to their own way of trading I really enjoy it.

[amarthompson]

Hello,

Are You all also comparing your trading ideas with other traders ? Mby with some ''pro'' trader TA and signals ?
I have been doing that and  the outcome is really good. I feel more comfortable to enter trade, if im able to check bunch of trader ideas + learn something new.
Before I started to compare and check other trade ideas , i was failuring quite often - either I didnt enter trade, as i was not sure about right way or it was completely wrong and trade went to the opposite way.

So after few failures I did join one of ''signal groups'', of course it failed as well , as provided signal results in FREE channel where fake and signals + TA in VIP, was just total waste.
After some time i found leakers , for the same price what i paid to one group - now i have 70 or even more, didnt count. Entered them only because i saw TRIAL , and deam... there was so much information, TA , ideas and much more, that after trial i joined them for 1 year memebrship. And im happy that I found invite to their server , somewhere in bitcon forum.

Now im comparing my trade ideas with many TOP trader TA, signals and their thoughts. Im not following any signal what they offer , im just there to compare and learn something new - they even have many leaked trading courses, found them very useful. But I know guys in their chat , that follows signals even on blind , with no knowlege in crypto - and even they are making profit on trades + some of them buy their copy trader and just forget about crypto for month and then check their profit in binance or bitmex. Planing to try their bot as well, as im going to vacation - so will rest from everything.

Let me know, if You are also comparing trade ideas with others and where?

[cryptoloverlife]

Don't compare yourself to others, Because you can do as well as they can, if you focus on what you do. Comparing your Trading ideas to others will only stress you why you can't do what they do. Why not focus on what you do so that you will know why you keep making mistakes. It can really help you to build yourself and to be successful like others.

Yes, I have experienced this type of situation previously because even though I make profit they keep trolling me you are placing false orders. Based on the knowledge and experience I have. That's why sometimes it is not a good idea to share our ideas with others definitely they will tease us.

[GreenStox]

I always do something like that I will try to compare the predictions I have with predictions with others and after that I compare what is right because in my opinion the existence of such a comparison can make me learn something new.

[Omega Weapon]

You know, I respect technical analysis and various trading strategies. But the situation is such that different traders can interpret this or that trading pattern on the chart differently. Therefore, analyzing the conclusions of many traders about how the market will behave can take a lot of time and confuse me. Therefore, I think that the best solution is to peep on the advice of a couple of successful traders and analyze the market yourself. Paid groups of trading signals of course can give valuable information, but here you need to resist the temptation to buy more than it should, thinking that the trading signal will be one hundred percent profitable.

It is better to stick in asking for an advice from the successful traders rather than relying on the trading signals from a paid group. It is more profitable in the long run and it will cost less if you will trade and decide by yourself and not from the signals. If you are a newbie, learn to humble yourself that you don't know enough to be profitable so you should continue to learn from the successful traders and adapt their strategy.

But as you said asking for advice requires a recognition that we do not have all the information and requires to be humble as well and many traders despite their inexperience will never do that, and the few that could are simply too lazy to do it, if you ask a successful trader about what they did to become successful they will tell you but most of the time their advice will need a huge effort on their part and very few traders are ready to commit so much time to verify if the advice they received is accurate and can be applied by them.

[Edraket31]

You know, I respect technical analysis and various trading strategies. But the situation is such that different traders can interpret this or that trading pattern on the chart differently. Therefore, analyzing the conclusions of many traders about how the market will behave can take a lot of time and confuse me. Therefore, I think that the best solution is to peep on the advice of a couple of successful traders and analyze the market yourself. Paid groups of trading signals of course can give valuable information, but here you need to resist the temptation to buy more than it should, thinking that the trading signal will be one hundred percent profitable.

It is better to stick in asking for an advice from the successful traders rather than relying on the trading signals from a paid group. It is more profitable in the long run and it will cost less if you will trade and decide by yourself and not from the signals. If you are a newbie, learn to humble yourself that you don't know enough to be profitable so you should continue to learn from the successful traders and adapt their strategy.

But as you said asking for advice requires a recognition that we do not have all the information and requires to be humble as well and many traders despite their inexperience will never do that, and the few that could are simply too lazy to do it, if you ask a successful trader about what they did to become successful they will tell you but most of the time their advice will need a huge effort on their part and very few traders are ready to commit so much time to verify if the advice they received is accurate and can be applied by them.

There is nothing wrong with comparing your ideas to other people, sometime 2 heads is better than one, as a beginner in trading too, I do compare most of the time, and analyzing or asking him his side and giving my side too, if I think that I might correct then I am sticking to my decision.

[redsun114]

Don't compare yourself to others, Because you can do as well as they can, if you focus on what you do. Comparing your Trading ideas to others will only stress you why you can't do what they do. Why not focus on what you do so that you will know why you keep making mistakes. It can really help you to build yourself and to be successful like others.

Comparing to envy is what Is not good, but I don’t think that comparing your trade ideas with others is bad, because doing so will only make you to step up your game, it would also make you know where you are lagging behind and also allow you to know if there is need to welcome a mentor, but if you don’t compare, you would think that your own is going to be the best and you will not be able to grow very well and be able to compete with other traders when there is an opportunity to do so.

There is this contest that i saw onetime for traders to contest among themselves, how would you know that your own will surely be the best when you have not really compared it to other people's own and be sure that there is no area where you are lagging behind.