Should we have to follow the footmarks of top traders?

[maxreish]

Why not? That top traders and expert you are mentioning started from newbie like you. If we follow them, their strategies, their advices, their footsteps then it will be a great help. Trading needs knowledge, and we can somehow gain that knowledge somehow from the other traders who shares their tactics, etc. If we already know some of their strategies, you can now build confidence especially you can create your own TA that suits you well.

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[el kaka22]

Top traders are not something we can actually calculate, if there was a website where you can see the trades of a person and it showed like a profile how much they made then we could have an exchange social media type deal (amazing idea by the way, someone should definitely do it). That way we could see who buys what and sells what and how much they made so far and during bear or bull etc etc and can decide who is a great trader and who is a horrible trader. After that we could at least eliminate the bad ones and pick the good ones that have been profiting consistently for a long time.

Because, someone who did a great profit and become super rich doesn't mean they are a good trader, maybe that was a dumb luck for a first time and we need to see people who do great trades consistently.

[LogitechMouse]

You can but to be honest, you can't especially if you are a newbie.

I know some newbie traders are following the moves of the professional traders but them and you are different especially in the skills and knowledge both of you have. Professional traders are selfish and they will not tell their secrets. Maybe they will share some of the tips and tricks but adding a research coming from you will help you be a professional trader.

[EdenHazard]

What made top traders gain their profit might not work for you. Their timing is different with yours. however, it is indeed a good idea to pick and follow a trader and see how he makes profits specially if that trader openly shares his knowledge to everyone. But keep in mind what they will share is what they experienced and it might not be applicable on your next trade.

I simply must agree with that , a new trader and an experienced trader has their own timelines .. if you force to apply it into yours i bet that things would went wrong.

It's pretty obvious that those people who make a plain copy on what top traders doing are know nothing but greed to achieve an instant success.

[GreatArkansas]

~....
Professional traders are selfish and they will not tell their secrets.
.....

I am also thinking this, because if they will share their knowledge on how they can make money, especially on trading. Then, there will be new people who will counter them, get what I wanted to say?
It is more likely, "If you found a river with a lot of fish, and if you will tell it to others, you will be having another person to share with the fish, your fish catches will probably decrease", unless you are generous, it will be different.

[DarkDays]

Most top traders don't publish their trades, and even if they do, they don't publish them right after they make them.

With that said, you can use websites like eToro that offer copytrading features. Similarly, there's a bunch of trading bots that allow you to automatically mirror the trades of top performers, though this usually comes at a fee.

If you're inexperienced then this is probably a good way to begin. But make sure you do your homework as there are situations that need to be responded to that you need to know about.

[kennen1113]

~....
Professional traders are selfish and they will not tell their secrets.
.....

I am also thinking this, because if they will share their knowledge on how they can make money, especially on trading. Then, there will be new people who will counter them, get what I wanted to say?
It is more likely, "If you found a river with a lot of fish, and if you will tell it to others, you will be having another person to share with the fish, your fish catches will probably decrease", unless you are generous, it will be different.

Well, being selfish and not sharing knowledge and some secrets in trading is a certainty, we can't blame them because if we have methods of making money that other people don't know, we also still do not dare to share, share more, the money we earn will be less, this life sometimes we need selfishness and not help others, protecting the interests of individuals is not a wrong thing. And understanding this problem, I never go the way of leading traders, I like to find my way, it will be safer and longer, learning is good but not following.

[leowonderful]

There are definitely a lot of takeaways from 'top' traders that you can use to better your own trading, but by no means should you be cloning their every move, especially if you don't understand why the person you're following is doing those things (common with newbies to trading). It's perfectly fine to analyze what better traders do, but you should also be learning on your own and making a unique trading plan yourself that's not completely plagiarized from somebody else. Put your own spin on things.

[Yamifoud]

Not totally to become a shadow of their steps but to figure it out how they did and become a successful trader is enough. We have to make our own way also and finding the best strategies suited to us. Those top traders working it hard to reach on the top and that's the thing we have look at. It doesn't mean that we have to follow their strategies, only we need to see their behavior and how they become committed to their work.

[1Referee]

With that said, you can use websites like eToro that offer copytrading features. Similarly, there's a bunch of trading bots that allow you to automatically mirror the trades of top performers, though this usually comes at a fee.

This works until it no longer does. Regardless of how 'professional' a trader is, a losing streak is very much what you will be subject to at some point.

I get the idea of people looking at how other traders think about the market, read into their analysis and whatnot, but that should never be something you copy in full. Another disadvantage is that by copying trades you don't actually gain any crucial market experience yourself. All you do is depend on others to tell you what to do. You have no clue if they're selling you bs or worthwhile signals.

Also, some of these traders don't tell you is that they hedge their positions by using options, which means that even if their main trade isn't profitable, they can still make money through these options.

[GreatArkansas]

~....
Professional traders are selfish and they will not tell their secrets.
.....

I am also thinking this, because if they will share their knowledge on how they can make money, especially on trading. Then, there will be new people who will counter them, get what I wanted to say?
~.....

Well, being selfish and not sharing knowledge and some secrets in trading is a certainty, we can't blame them because if we have methods of making money that other people don't know,...
~....

And also, they are making money on that method or way, what they will still share it? I also think on some doing paid course in trading, because what if they have this their own method how to trade which that is their secret, but the method they are teaching to students or buying their course, are different from what they use on their trading activities.
Those public advertisements they showing, like gains on their every chart, but behind those, they have this some secrets what they are using.

[Vektrum]

A lot of different services have already been created that allow novice traders to copy the trading scenario of experienced traders and make a profit. For this service, payment is often made in service tokens. I have not yet used the services of such platforms, but I read a lot about them. Perhaps someone here will be able to do an overview of such a service with a report on the profitability or loss-making of such a trading method. In general, I agree, it is much easier to learn from experienced traders and learn from their experience and knowledge.

[RealMalatesta]

A lot of different services have already been created that allow novice traders to copy the trading scenario of experienced traders and make a profit. For this service, payment is often made in service tokens. I have not yet used the services of such platforms, but I read a lot about them. Perhaps someone here will be able to do an overview of such a service with a report on the profitability or loss-making of such a trading method. In general, I agree, it is much easier to learn from experienced traders and learn from their experience and knowledge.

I believe that It is better to learn than to completely trade based on their own signal, sometimes, they could be wrong because if we copy their trade, we will not copy their risk management tool, and they know how to manage their own risk while we that has not developed may not know how to manage ours.

If we have to copy the trade of anyone that is superior to us and we trust, we have to still first have the full knowledge of the whole thing first, so that we know when they are wrong and still on the right part, than when they are no longer on the right trading path. They might be superior, but they are not Gods, so they are also subject to lots of mistake, which I believe the best way to avoid such mistake is to also have our own strategies.

[Slow death]

Do you believe these professional trade or even successful trade would tell all their secrets that allowed them to succeed? What they do is just give you little advice and they don't do it for free, either they want to earn views for their channels or they want to make money from books they write... but they never tell all their strategies. That's why I think you shouldn't follow anyone's footsteps ... you should create your own strategies.

[Capt00]

Top traders reach their goals just because they are able to put their self comfortable within trading, they dedicate their life here and to create effective strategies that could help them to become successful. They look weird? It may not, they only have that attitude and perseverance which is something missing to the others. If we want to become a millionaire or top traders, we have to follow what they did with their lives and considering their behavior.

[kisfoxs]

Following the footsteps of the top trader I suppose it is the thing we must do. All we need to learn and a good strategy in doing our trading needs an example. The most important thing is as a beginner we must continue to learn and not easily give up. Being the best trader of course they have ever experienced difficulties. And we must be able to learn from their experience.

[bering]

Top traders means they were one of the best traders in the world and i'm sure they already rich from trading and i want too following their footsteps but the questions is whether they will honest and allowed people to following them because i fear they don't give to us their real method and usually people will too stingy to give their knowledge to other people and only keep it by theirself

[ethereumhunter]

Yes, we can follow their step to reach our goals but remember, we should have a plan for our strategies, and we can build our step depends on what we want. The steps of the top traders could help us to learn about trading, but we should have our own style and method so we can trade with our skills.

We cannot depend on them because each of us different so you need to explore what you have, learn more hard if you think you don't have enough skills in trading. In the end, we can be a pro trader like them with our own style and skills.

[ene1980]

As personally, I believe we have to follow the footsteps of top traders as well as we have to build our own strategies to trade

Who are these specialized top traders and what is the models they are using to determine the market and if there is a winning strategy why should we built a different strategy if you already have a winning one, the strategy i follow is to invest when the market is dropping and then wait for the market to recover, the time it takes to recover might take some time since patience is the name of the game.

[sana54210]

Yes, we can follow their step to reach our goals but remember, we should have a plan for our strategies, and we can build our step depends on what we want. The steps of the top traders could help us to learn about trading, but we should have our own style and method so we can trade with our skills.

We cannot depend on them because each of us different so you need to explore what you have, learn more hard if you think you don't have enough skills in trading. In the end, we can be a pro trader like them with our own style and skills.

Parts of my training in life is to learn to be responsible for myself and never to depend on people for anything and this advise has gone to majority of us, but that does not mean that we can't learn from people, there is a difference between learning from someone’s, and then relying on the person fully to be able to take an action, so like you said earlier, we can follow their step but not to just depend on it like it is our lives.

There is need to remember that we also need to be that leader one day, and the only thing that can classify us as a leader is when we also have the same skill as those ones, which can only be made possible when we have our own full knowledge about it too, with our own personal skills and strategies, we can always make it right.