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Author Topic: Do You Compare Your Trading ideas with others ?  (Read 3407 times)
Karmakid
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September 28, 2019, 12:19:05 AM
 #61

I do compare my trading ideas with other traders that I know because that is how we can share our thoughts and knowledge to each other and that is how we do in order to grow into a better version of ourselves. I do compare it to see the other perspective of the other traders and it also help me to identify some mistakes that I have done since I am still a newbie in trading.
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September 28, 2019, 12:50:58 AM
 #62

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.

I think it is good that we compare our ideas with other not for the sake of competition but for the sake of getting more knowledge and improving ourselves. When you see the trading idea of other people, you will learn more and maybe apply that in your idea too.
Right if we will share our knowledge so we will gain more knowledge it will increase our abilities and skills. Sharing your trading ideas with other means you are trying to know what other people are doing. It gives more ideas and we learn better ways of trading. In trading I think no knowledge is enough you will always have to keep learning.

True. I do compare my analysis with others and study the possibilities. The more resources you have, the more inputs you consider the better.In trading, there are many tools to used and its better to consider others ideas and analysis for making better decisions.

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September 28, 2019, 01:48:06 AM
 #63

There are times that I really do compare my trading ideas to others because these way I can gather some techniques to correct my mistakes. At some point, I admit I still have a lack of techniques and analysis to do in trading. These way I can be a better trader and learn some knowledge from an expert trader.
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September 28, 2019, 06:25:38 AM
 #64

If he is really a professional trader, then exchanging ideas with him would be win win for you if you are not that professional yet in Trading. Exchanging ideas doesn't mean you are a failure, it means that you are willing to learn more because your knowledge have still a big space for more useful information that you could use in Trading or in your life, though finding a professional trader that would share ideas with you that have accurate result is a rare case scenario.

Most of the professional traders are low key and doesn't give a damn whether you suck at trading or not, they are just minding their own business as always.
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September 28, 2019, 06:55:05 AM
 #65

No, I never did that. I had studied many trading strategies of many people but at the end of the day, I suddenly realized my mind was empty. I don't see any value in reading so many strategies, it's messing up.
Since then, I have only learned about their way of thinking about the market, then I will plan my trading. That is how I can maintain discipline in trading.

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September 28, 2019, 07:35:45 AM
 #66

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.

I think it is good that we compare our ideas with other not for the sake of competition but for the sake of getting more knowledge and improving ourselves. When you see the trading idea of other people, you will learn more and maybe apply that in your idea too.
Right if we will share our knowledge so we will gain more knowledge it will increase our abilities and skills. Sharing your trading ideas with other means you are trying to know what other people are doing. It gives more ideas and we learn better ways of trading. In trading I think no knowledge is enough you will always have to keep learning.

True. I do compare my analysis with others and study the possibilities. The more resources you have, the more inputs you consider the better.In trading, there are many tools to used and its better to consider others ideas and analysis for making better decisions.

Yes, sharing our ideas with others is always good because we can overcome the mistakes done by us. Trading has different techniques, each person will follow different analysis about it in order to book profits. In many cases, we might do a mistake and it is impossible to make profits every time.
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September 28, 2019, 08:03:39 AM
 #67

No, I never did that. I had studied many trading strategies of many people but at the end of the day, I suddenly realized my mind was empty. I don't see any value in reading so many strategies, it's messing up.
Since then, I have only learned about their way of thinking about the market, then I will plan my trading. That is how I can maintain discipline in trading.

It still better to learn by ourselves but we need to learn on other people strategy so we can improve our skills. Maybe it's difficult, but if you have more time to learn, I am sure that soon you will get the point. Sharing the ideas with others will be useful to find how to solve the problem that sometimes we face so we can find a way out of the problem. But still, the decision that we will make will be base on our analysis and not depend on other people so we can try to be responsible with our money.

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September 29, 2019, 11:49:55 AM
 #68

Ideas of others is very helpful fof me and I have my own Ideas but without their Ideas I dis not create mine. There a good outcome if you using the trading Ideas of others but make sure it is really effective. Of course they have newbies knowledge is still not good so It's good for them to use it and  once a trader have enough knowledge they can create their own Ideas that is works for them. Comparing is not bad because you will get information from that can use it in trading to earn money and to become successful.
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September 29, 2019, 03:02:01 PM
 #69

It's a healthy thing to do - comparing one's trading idea with others, especially if one isn't making much profit or profits at all. It goes to buttress the fact that a tree doesn't make a forest. It should even transcend comparing to copying trade ideas and formulas too.

We look in a mirror even with one purpose - to compare us with others. Certainly, I also do it regularly, and it is normal. However, comparing my methods of trading with the stuff what is done by other guys does not mean that I should follow their ideas. The comparison is given to find out what are the pros and cons of all approaches to create the better, new one trading strategy.

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September 29, 2019, 06:39:15 PM
 #70

It's a healthy thing to do - comparing one's trading idea with others, especially if one isn't making much profit or profits at all. It goes to buttress the fact that a tree doesn't make a forest. It should even transcend comparing to copying trade ideas and formulas too.

We look in a mirror even with one purpose - to compare us with others. Certainly, I also do it regularly, and it is normal. However, comparing my methods of trading with the stuff what is done by other guys does not mean that I should follow their ideas. The comparison is given to find out what are the pros and cons of all approaches to create the better, new one trading strategy.
It is not good to follow other people it is much better to learn from everyone but it is also good to do what you think it is good, every trader cannot think the same they will have their own thinking an down point of view so it is goods to share but always do what you think is good, comparison should be for more learning not to get distract.
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October 04, 2019, 09:54:27 PM
 #71

The main mistake that some users often make is to think that some strategy of successful trader will be good for them too.
It's good to share experiences but what works for one doesn't necessary be the best for other because everyone has its own possibilities, limits and goals. So sometimes you could be mislead by some trading example that doesn't necessary work for you.
Many people do not really take into account their personality when they are devising their own strategy and I find that to be a horrible mistake, you could create a strategy that could make you a millionaire in just a few years but if for some reason you do not feel comfortable following that strategy then when the time comes to apply it you're not going to do it even if you know that it is the right thing to do, so before committing to a strategy ask yourself if you can really follow that strategy and make money with it.
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October 05, 2019, 01:59:51 PM
 #72

There are times that I really do compare my trading ideas to others because these way I can gather some techniques to correct my mistakes. At some point

Same here mate, I consider sharing ideas with others to improve my skills in Trading, it helps me to improve my logic and how I will make a solution for a definite situation. It is more easier if you guys team up and solve a problem as one, you could rely on each other because you have all skills and talent.


I admit I still have a lack of techniques and analysis to do in trading. These way I can be a better trader and learn some knowledge from an expert trader.

This is what we should all do! Denying our weaknesses and pretending we are strong or professional doesn't change anything, we are just putting ourselves in a shameful way. We are not going to grow this way, it is not going to hurt your ego if you are going to ask some help sometimes, it doesn't have any fee also, so we have to encourage ourselves to accept other ideas to be able to learn more and be a real professional in Trading.
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October 05, 2019, 02:32:28 PM
 #73

I do compare my trading ideas with others for me to check whether i'm doing it correctly and all by comparing your ideas to others will help you learn essential things that you can use to make your ideas or strategies better. For me comparing your ideas does not really imply that you are weak or something but it is a way for a trader to weigh which strategy is better and also know whether you have to correct something from your ideas.
Trading is a bit complicated most especially if you are new and I think checking on other people's idea is a best thing to do to learn and become successful in trading.
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October 05, 2019, 02:58:51 PM
 #74

Yes, I compare my trading ideas and strategy with others, because that's helpful for me to improve my trading experience. Trading is a very risky field, and we have to keep learning and reading about the other experiences especially from the successful traders in order to minimize the risks of losing.
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October 05, 2019, 03:23:09 PM
 #75

The main mistake that some users often make is to think that some strategy of successful trader will be good for them too.
It's good to share experiences but what works for one doesn't necessary be the best for other because everyone has its own possibilities, limits and goals. So sometimes you could be mislead by some trading example that doesn't necessary work for you.
Many people do not really take into account their personality when they are devising their own strategy and I find that to be a horrible mistake, you could create a strategy that could make you a millionaire in just a few years but if for some reason you do not feel comfortable following that strategy then when the time comes to apply it you're not going to do it even if you know that it is the right thing to do, so before committing to a strategy ask yourself if you can really follow that strategy and make money with it.
not all strategy can be profitable to others , you can try other people strategy but if you  see that you failed following it and see that you are not able to earn with that strategy. then you should move to other things  that you are more comfartable to use.
There are too many trading ideas just choose what you think is good and can help you.
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October 05, 2019, 03:32:18 PM
 #76

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.

I think it is good that we compare our ideas with other not for the sake of competition but for the sake of getting more knowledge and improving ourselves. When you see the trading idea of other people, you will learn more and maybe apply that in your idea too.
Right if we will share our knowledge so we will gain more knowledge it will increase our abilities and skills. Sharing your trading ideas with other means you are trying to know what other people are doing. It gives more ideas and we learn better ways of trading. In trading I think no knowledge is enough you will always have to keep learning.
Indeed. I think you have all heard the quote "No man is an Island" and that is the best scenario I can think of. Knowledge discovers by ours is not enough, we should get knowledge from others because there are things that we still we don't know and so we also share our knowledge since this would be a great help from them too. Sharing our ideas is one of the most important things you can also trade in this industry.

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October 05, 2019, 04:15:26 PM
 #77

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?

If you want to know the place where I brainstorm ideas , then here is invite to their server : You can get free trial: https://discord.gg/3XcGV6N

Good Luck in trades!
Absolutely, and I think people should do it as well, comparing your trading style to other's style could help you adjust and make a new and better trading strategy. Comparing it could help you see what could be the downside of your trading strategy and know why the latter is moving differently. You can also take some tips and learnings from others and apply or add it to your strategy so that yours will be effective more than before. But upon doing so, it still important that you analyze other strategies cause those might not be applicable for you and ineffective and lead you to have losses. Study the market, study the movement of the market and analyze whether to apply or not trading strategies that you're comparing, will it be good or bad for your trading.
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October 06, 2019, 12:01:45 PM
 #78

Hello,
~snip~

~snip~
Comparing it could help you see what could be the downside of your trading strategy and know why the latter is moving differently. You can also take some tips and learnings from others and apply or add it to your strategy so that yours will be effective more than before.
This is what most traders do, comparing others is one of the best strategies. Then, Yes I do. I am comparing my ideas with other traders so that I can be able to earn more knowledge and technique on how to be a good trader and not just to be a good trader but to be able to share my ideas to others as well because I do believe that sharing ideas will be a good help to all of us to achieve success in trading.

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October 06, 2019, 12:36:02 PM
 #79

I compare my trading ideas with others sometimes if the idea looks interesting for me, and proved to work by the traders. Trading is a risky way, and knowledge is very essential to avoid the big lose and make the maximum potential profit. Even if you are very experienced in this field, you still need to learn more.
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October 06, 2019, 01:17:05 PM
 #80

I usually compare my ideas and strategies to others'. It is important to not stick to an idea and defend it for death. So, different perspectives and minds are crucial for tradings. Everyday new implementations are adding up to the environment. So, it is good to compare and learn from others

When you're comparing on lots of ideas which has typical points, I guess you'd formulate a strong foundation on your trading. Some situations might not be so good once you're not able to control yourself, specially in times of doubt. But if you're equipped with experiences together with strong dedication, that's for sure successful trading will be yours.

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