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Author Topic: Do You Compare Your Trading ideas with others ?  (Read 3402 times)
Oilacris
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September 22, 2019, 07:25:00 PM
 #21

[snip]
I recommend staying away from these paid groups. Instead, I would lurk in the cryptocurrency chat on Tradingview.
Well, you have got a point there, I also don't trust the paid signal group and those pumps and dump groups. Because if you use their pattern there is a possibility that you will be left behind on their forecast. I mean only a group leader will bring more benefits than the member because they knew when exactly to pump or dump. Comparing to others pattern is not bad but don't rely on them. You should have your own research.
Verifying their analysis will always be a good habit and not totally following them without follow up search.Yeah I agree on what being said above that its much better to
hang out with Tradingview crypto chat than into any other telegram or discord groups.

They are giving out something good or just simply having those shady motives specially to newbies.You can spot it out if you are experienced enough.

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September 22, 2019, 08:30:42 PM
 #22

I do compare it. I like to see if maybe there's something that I missed or maybe there's a good idea that I should follow. I never do what others are telling me to do without rethinking it and comparing it with a number of other charts. I don't day trade so I have a lot of time to rethink my moves. Don't get too excited in trading or you will fail.
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September 22, 2019, 11:03:44 PM
 #23

[-snip-]

No i don't compare my trade idea with others. because i'm not comfort with that. It's fell like, teachers check on your exam paper in exam hall when you try to solve a math.. Grin Grin Anyway i strongly prefer not to join any kinda signal group. You can't learn from there anything, they'll just use you because of their own profit, nothing else.

Following other TA is not a good thing also i guess. If you are want to be a good trader i prefer that learn yourself. Do mistake but don't be a hopeless. You only learn when you do mistakes or take a wrong decision. People don't tech you everything, if you really be a professional trader then take time, learn, do mistake, learn from your mistake, be patient, don't be a greedy, be honest with your work and at the end satisfy with your daily profit/losses.
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September 23, 2019, 05:09:05 AM
 #24

You know, we have a chat in telegram and we are trying to share our trading ideas, so yeah, it is important for me to listen other people, their thoughts on future movement of each asset and in these discussions I catch sensitive info and fresh trading ideas
May be you share the ideas in telegram. But I always listen whalepool group in telegram, Because more than 17k traders are available in this group so we can predict and choose easily. Everyone have little different prediction so we can find the best attachment is our own risk. I hope everyone think some techniques in trading platform.
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September 23, 2019, 05:17:40 AM
 #25

I never compare my trading ideas with others, but I use their ideas to find what might work for me. I know that if we are only using their ideas without making my own analysis, it will difficult for me to make a profit because I don't have any info about how they analyze the chart. But if I can use their analysis, then I think I can find more interesting info about what is happening in the market, and I am sure that will only work for me. I already join in some telegram channels, which is given the free signal to their member, and I see that some signs were from the paid service. Although I get more information from them, I still analyze to find more for me.
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September 23, 2019, 05:39:48 AM
 #26

Actually yes at the beginning when i was new to trade but after that I just make a trade by my strategy with my experience. I just thought that being a trader is not about we must have a board startegy I mean we shouldn't learn what other people did when they are trading but we must have one or two strategy that can be relied by us. Because to start new strategy and we applied it with real trading (which mean we spend our money) it can be risk and most of the cases we just make a loss and I don't need that. So, I just pick the strategy that I mastered it to do in my whole trade and it is work for me thus far.
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September 23, 2019, 06:53:35 AM
 #27

Actually yes at the beginning when i was new to trade but after that I just make a trade by my strategy with my experience. I just thought that being a trader is not about we must have a board startegy I mean we shouldn't learn what other people did when they are trading but we must have one or two strategy that can be relied by us. Because to start new strategy and we applied it with real trading (which mean we spend our money) it can be risk and most of the cases we just make a loss and I don't need that. So, I just pick the strategy that I mastered it to do in my whole trade and it is work for me thus far.

   We must pay attention what other people do and their predictions about the future price movements. There are more experienced people and their voice should be heard. But we can`t
make decision based just on that, we need to know how to do our own research and make our own decisions.
   But who master some strategy and who makes money should stick with it and not changing it as long as it`s working. With that I agree, why to change something that works good for you
and that makes profit for you.



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September 23, 2019, 08:22:21 AM
 #28

I usually do this since many groups shares their ideas about a specific coin and they share some movements of a specific coin but of course I don't follow them since I'm making my own trading research. If you keep on comparing your work with the others you might be confuse on what to follow, so my advice is to focus on what you have and focus on your skills, if you are not confident about your ideas then don't trade.
If you don't have confidence it will be hard for you to succeed from this industry, trading is tough and comparing your ideas to others will bring confusions sometimes it can help you to build much better strategies but most of the time it won't and will only cause you trouble deciding what directions to take. You need to be more specific and stay focus with what you already have, you can share it but keep the way as it is.

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September 23, 2019, 12:13:19 PM
 #29

It is really amazing how others get succeed in trading but I don't and I'm still losing. It brings into our mind to ask how they did it and we can make a mirror with them. It is likely to know their strategy and so we can compare and find out what is wrong with mine. This is also a way to improve and develop our knowledge base of what others do and for the chase of their success.
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September 23, 2019, 03:59:14 PM
 #30

For trading, i do solo. Because some of my friends is bounty hunters. For trading, usually they only sell their tokens in market and not do regular trading. About analysis, usually i only pick rate that i think good to buy or maybe above wall. Sometime my order executed, and sell below wall. Not always success, usually lose but i am still learning to do technical analysis or maybe how to read chart.

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September 23, 2019, 10:11:17 PM
 #31

I usually do this since many groups shares their ideas about a specific coin and they share some movements of a specific coin but of course I don't follow them since I'm making my own trading research. If you keep on comparing your work with the others you might be confuse on what to follow, so my advice is to focus on what you have and focus on your skills, if you are not confident about your ideas then don't trade.
If you don't have confidence it will be hard for you to succeed from this industry, trading is tough and comparing your ideas to others will bring confusions sometimes it can help you to build much better strategies but most of the time it won't and will only cause you trouble deciding what directions to take. You need to be more specific and stay focus with what you already have, you can share it but keep the way as it is.
You are right were if you do tend to follow up lots of trading styles you would really got confused rather than on focusing on your own way.
Its not bad to get some ideas but dont go too much of it because it will just disrupt your focus.It might not be an easy thing but it will be worthy
if you do able discover your own trading style and i agree on what said above that this will lead to lots of trials and errors but those things
are stepping stones to learning.
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September 23, 2019, 11:41:07 PM
 #32

What for? I don't see any good reason why and I don't see any benefit in doing that. Maybe I can learn from the trades of others but comparing it side by side from my trades and others, it will just make me think that I've done something wrong and might try something stupid to recover my loses. I would rather take down my mistakes and learn from it so it will not happen it or at least to avoid it.
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September 24, 2019, 12:07:41 AM
 #33

I occasionally do. I've learned a ton about trading and certain things that you might not find in trading guides and perhaps even books from looking at other peoples' charts, and looking at other peoples' ideas is also a good way to evaluate your own biases and see if you're leaning too far towards one side or another. Almost everybody trading has a bias towards either side for many reasons (I'm naturally bullish), but if you're only playing one side of the coin, you're missing out on a lot and you could be losing money as well. The best traders don't stay permanently bullish or bearish.
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September 24, 2019, 03:26:56 AM
 #34

There's nothing wrong if we compare our own TA with other's TA. I do that sometimes, it is basically healthy when I just wanna confirm the right entry time certainly as a Margin trader. But remember that trust only your own Technical analysis, most of the times the simplier indicator works for me than comparing their indicators with so many lines.

We have different styles and ideas in trading. If that style works for him/her doesn't mean it will also work for you.
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September 24, 2019, 06:27:54 AM
 #35

I don`t do that, cause I don`t care what other people are doing. I learned a long time ago that it`s the best for me to relay on myself, when I make some profit it`s on me, when I lose it`s on me to, I`m to blame for everything I do, not others.
And like I said many times, with bitcoin is easy to trade, sooner or later price always bounce back, if you bought in wrong time just wait.

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September 24, 2019, 09:36:32 AM
 #36

Well yes I do compare my trading ideas to others especially the TA came from pro traders because I think it can help me to improve my strategy and do better.

After gathering infos then I will come with my own strategy. For me its fine to compare as long as you will gain something from it positively.

Thats how I learn in trading.


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September 24, 2019, 11:35:37 AM
 #37

You can compare your trading ideas with others so you can get new ideas to trade because sometimes when we are lack of information, we need other people to help us to find the ideas. Perhaps, what you did in the telegram signal channels is good, so you can get so many information about each coin which will be useful for you to trade. But make sure that you can get valid information so it will help you to analyze the coin and you can find the right price to buy and sell.
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September 24, 2019, 01:00:17 PM
 #38

No, I don't think this is a good way. because the transaction only has buyers and sellers, if everyone is the same, then the market will not be.
You should be yourself, learn from your mistakes and invent your trading method. In so doing, you are getting better day by day and your trading strategy will grow if you keep practicing.

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September 24, 2019, 01:46:54 PM
 #39

No, i am not..i dont want to compairing my self to others just to make any competitions about of trading. And this is not a good way being a trader, coz when you have it you must learn by your own self and learn everything about of your mistakes, and to plan of your techniques and strategies on how to earn.
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September 24, 2019, 02:53:23 PM
 #40

I don`t do that, cause I don`t care what other people are doing. I learned a long time ago that it`s the best for me to relay on myself, when I make some profit it`s on me, when I lose it`s on me to, I`m to blame for everything I do, not others.
And like I said many times, with bitcoin is easy to trade, sooner or later price always bounce back, if you bought in wrong time just wait.
- Well, I know that trading is a job that requires our own capabilities rather than looking at what others are doing but the knowledge in trading is too much, we cannot understand it all, so get rid of your ego and look at reality, compare ideas and look at what others have created to be more mature, don't think that we look at other people's ideas, the decision is to follow the path of others. It is a mistake, an investor needs to see the path of others, recognize their limitations and build a more perfect path, overwhelming others.


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