Do You Compare Your Trading ideas with others ?

[Crypto_Emirates]

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!

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[Renampun]

to be honest, I have never compared the ideas or trading formulas that I have been able to with others,
I'm afraid to be hesitant in making decisions because I've seen and tried other people's ideas,
I have read many books related to trading, and I think they have their own characteristics,
do your own research, then develop your own characteristics is the best way.

[Mpamaegbu]

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.

[Lanatsa]

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!

Its unavoidable for you not to compare your own trades or analysis with others.It isn't really that bad to have that kind of behavior because its just normal
for us to get curious specially if we do see some top traders who are profiting.We compare our analysis to ours and see what happen- Some might consider on
following their strats instead rather than on sticking to their own plan and some would simply get some ideas and do imply or apply to their own.
Its just depend with the trader on how he utilizes up various informations and ideas on the surroundings.It doesn't matter on how its being obtain as long
it do benefits you then it doesn't matter.

[Kemarit]

Copy trader? Personally, I haven't used this kind of strategy. I just try to learn from successful trader and see what's their strategy and apply it to myself in most cases. I think that's the correct term, compare and get the ideas of other traders and see what you might needed to go on the next level of success. But to completely and blindly copy others? Nah, not good in the long run because your putting your money on others and I don't think that it will also help you as individuals. I mean how can you grow in this field if you just rely on someone's trading signal? Better to learn their methods and apply what suits your trading plan and strategy and grow by yourself.

[perla]

I am only ask people's trading strategy because i not really good  in analysis yet. But i think it is something that will very good, for us or for others. Becasue we can discuss and pick best way or best strategies in trading and take profit together.

[jrrsparkles]

In this forum you can find lot of people sharing their strategies and analysis more often but we don't have to copy their strategies in our trades since there is no assurance that it will work for ourselves.When someone sharing the strategies it also could leads to market manipulation so you don;t have to trust them at all,only simple rule of trading is do your own research.

[HatakeKakashi]

Im not comparing my trading Ideas to the others but you know what I do is I look for something unique to their startegy or tips and I apply to me and added to my list. But it's up to you if you want to compare the Ideas of the others but make sure no one can harm and better to be analyze each Ideas and do some search if that really effective and you can use it to make a good profit.

[jhenfelipe]

No, I'm not comparing. When I trade, I just do it my own way and learn ("Experiential learning"). Tbh, I started trading with just "buy low-sell high" mindset, no TA nor signals, and I survived, learned my own techniques. Doesn't mean I didn't lose (I also have losses), it's part of trading, but I'm satisfied with the results of my trades so far.

Sometimes, comparing makes you doubt your own (thoughts, ideas, techniques, whatsoever). Just my opinion

By checking your profile, it seems that you are not just asking, your're most likely here to promote. 

[Janation]

Usually, I compare some of them.

Though not really compare, I pick up some ideas of theirs.

It is a good thing to do since you are not really alone trading and you can also look at their strategy that might even point out your mistakes that you are doing. You can fix them making or giving you profits in time.

[Polar91]

There's really no point for me to compare my TA to another person's TA since we both use different time frames and aproach in doing analysis. Also, technical analysis is just a guide; what matters more is the execution in which is should be on time. Lastly, the person's best TA won't be shared to anyone; otherwise it could be ruined by others specially if the market is too volatile.

[goinmerry]

I read some of them, I take those as a guide, I take those as a reference but not the usual comparing it to my own ideas since it might result in confusions on my part.

Maybe it depends. Sometimes I see wonderful trading ideas while sometimes just a pure non-sense.

Maybe they are successful with those ideas but following them easily might give us different results. I'd rather trust my own.

[ReiMomo]

There's nothing wrong if you compared to others work, at least you know if there's wrong you can correct those stuff. I know we had different frame in using technical analysis but we are the same using graph and references. Much better if there are a groups that discussed regarding TA on the market so that you will know furthermore. Group study is better than solo study, sharing ideas to each everyone but of course, just always do research and don't rely with anyone else.

[Reid]

I do.
If not then it will be difficult to have a basis.
I think comparing it with others is one of the good thing as being an optimistic trader.
Your own analysis may be wrong for some time or a lot of times.
Therefore, you could somehow compare it with others if you are still on the right path.

[bering]

Sometimes yes because in my opinion i want the best results from my trading activities so sometimes i compare my method to other traders and if someone else's method is better than mine then i will following them and i personally consider comparing the method how to get profit to other traders isn't always be bad because i will get new knowledge from it

[Kasabus]

Sometimes yes because in my opinion i want the best results from my trading activities so sometimes i compare my method to other traders and if someone else's method is better than mine then i will following them and i personally consider comparing the method how to get profit to other traders isn't always be bad because i will get new knowledge from it

Of course, it is not and there is no wrong with that. Knowing the other's strategies is not about copying their strat but it is for us to develop and create our own strategy. We can't easily learn in trading on our own, it is in great if we have something to mentor us in the early stage of our trading carrier and guide us for better trading experience.
However, it is also our call to follow or decline what they teach us if we think that it is not right or of having difficulties.

[Ucy]

 If you trading strategy works so well why then do you need sell it to people in low-budget way? You're are even considering going on vacation,lol.
OP specifically created this account to promote what is likely thesame trading signals. If the Signal works as he said he would have retire from advertising it on a newbie account for free

[exstasie]

FYI this is a not-so-subtle advertisement for a paid signal group.

The OP actually brings up a good point though: it's extremely useful to consider the analysis of other traders. Not so you can copy their trading plan (that usually doesn't work very well) but so you can challenge your own biases. If you do TA in your own bubble, it's easy to get married to your own ideas and start fitting the chart to your expectations. That's the road to failure.

I recommend staying away from these paid groups. Instead, I would lurk in the cryptocurrency chat on Tradingview. Like any trading/investment forum, take everything said with a grain of salt. But I learned a lot about trading and gauging market sentiment over the years in that chat. Lots of good traders and good ideas come through there. And it's all free.

[gantez]

I guess OP is trying to get some interested to join his paid signal but for me I wouldn't even if my trade is bad. There are some paid group that give signal and they are also very good. On overall, trying to work the strategy out by yourself, is better than always waiting for signal to be sent.

[Ryker1]

[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.