Do You Compare Your Trading ideas with others ?

[Murat]

You see a lot of trading idea based thread in this forum, there are a lot of ideas you can get from here, not only that but also you could avail of many important related documents available here. but the question is how you could get this? If you want to start trading then you must have self-assessment in terms of trading and investment, so you can follow other's thinking in a customized way. It's true when starting trading then I asked so many people who are doing well and they also shared a lot of dimensions regarding trading, So you have to select your category and find some people whom you trust, but doing anything in your own way is the best for anything. so you have to make your own strategy and then follow your idol in a trading platform.

[1714695375]

1714695375

[nasipadang]

I don't think so, most traders don't want to provide portfolio information and their tips or tricks. If there is enough it helps to share useful information especially for newbie traders like me. From my experience such information is inaccurate and sometimes only contains Fud information.

[iMark]

i do compare with my friends, it help me to correct my mistakes sometimes and sometimes my friends learn something out of mine.

Sometimes sharing sessions are very important so you know which parts you need to fix. it can increase your knowledge of trading and enrich the strategies you can have, you can exchange ideas and many other things. I often do that with my friends, sometimes I and my friends trade and analyze together. the result is far better than just playing alone.

[Williams_Leo]

I don't think so, most traders don't want to provide portfolio information and their tips or tricks. If there is enough it helps to share useful information especially for newbie traders like me. From my experience such information is inaccurate and sometimes only contains Fud information.

As you said, most but not entirely all traders, many people may not like to share their information and ideas, even if they share, it will be a trap to promote their investment, however, some people will often share their knowledge with others, in return, they will receive the knowledge and ideas of others. Of course, these trading ideas will not be shared publicly, I see that most of these ideas come from individual groups, everyone involved in the group needs to discuss contributing, compare with their ideas, we will improve the shortcomings

[mascherono]

Yeah, I am always in my own way. Don't usually share the pros and cons with others. But if I get stuck somewhere then take some help from other experts.

[xSkylarx]

Yes I do that, I compare it because I want to see if we have the same analyzation. If I see an expert trader with the same idea as me it boosts my confidence to trade and it means I'm on the right path. If I think they have a better idea I test it myself and see if it will suit my trading style.

[DeathProxy]

No man knows it all so comparing trading ideas and strategy should not be a bad one. I for one compare my trading ideas with other traders as i am deficient in technical analysis so i need to supplement my area of  weakness and fix which ever part am not doing well. Sharing trading ideas helps one to learn fast

[Ferris419]

Sometimes I discuss my trading idea with others, but I never reveal my secret strategy in trade. For example, most of the traders suggest buy low and sell high, but this is not a very helpful strategy for new traders. Therefore, traders don't like to reveal their favorite coins. Like if someone asks me which coin to buy, I will suggest to him BTC, ETH, LTC, BNB and so on. Because these coins are stable and investment is safe here! At the same time, when I am trading with VERI coin and making profits! So, overall, I want to say that most of the traders won't tell you their trading idea, you have to make your own strategy.

[NewRanger]

Comparing my ideas will help us to acquire more knowledge in technical skills because without sharing it is impossible for us to find the mistake done by us. Everyone will make mistakes, but in order to rectify, we have to share those with our friend who has very good experience of trading.

sometimes we can get success from trading that is from a failure that we experience. sharing trading ideas for many people and exchanging trading ideas with others will make us learn new and good things, of course with a technique that is better and more profitable

discussing with another trader will help us to improve our knowledge.sometime they have skill or knowledge that we haven't.and compare our trading plan with them will give positive result in our trading and minimize the risk.but it doesn't mean that we will follow them fully.take knowledge that suitable with our charater and leave another one.or maybe creating forum discussion group will help us alot to improve our skill faster than before.in this discussion group we could share and learn experience each other.so no one will repeat bad experience other trader.

[bitzizzix]

It is a good thing to compare my own trade with others and it will be a correction of what my trading weaknesses and mistakes are so that I become a mutually beneficial trader.
I compare and share my thoughts with fellow crypto users who are close friends and don't hesitate to find out more about trading with each other and it produces good results.

[BitTyro]

Comparing trading ideas is the right thing to do specially if you are a beginner. But never compare your gains from others as this could lead into frustrations if the result is not what you really expect. Try to learn from others as you formulate your own plan.

[Fredomago]

Comparing trading ideas is the right thing to do specially if you are a beginner. But never compare your gains from others as this could lead into frustrations if the result is not what you really expect. Try to lean from others as you formulate your own plan.

For beginners, finding reasons on how to speculate correctly with the help of others assumptions will give a good hints to be more comfortable with position that you'll going to take. With their knowledge about the project it's best to study what are the reason behind why they are going to invest and support.
Comparing your ideas and building a good system to execute your trading position with the right anticipation.

[trecore4]

It is a good thing to compare my own trade with others and it will be a correction of what my trading weaknesses and mistakes are so that I become a mutually beneficial trader.
I compare and share my thoughts with fellow crypto users who are close friends and don't hesitate to find out more about trading with each other and it produces good results.

There is no benefit in comparing our trading experience with others. Bitcoin market is too random to predict. So even if strategy of other person worked this time and mine failed, it doesn't mean strategy of other person will work again and mine will fail again. Crypto trading is more or less is a gambling.

[Omega Weapon]

Comparing trades is not a bad idea, if you do it to learn, from mistakes, for how to improve, or even to simply yearn for something better. However, comparing can also be destructive if done in such a way that breeds envy and greed.

Remember that the grass will always be greener on the other side, the secret to success and happiness is being content with what you have.

We need to understand this concept that if we trade as a team, we have many minds working for same goal and if one domain is by chance missed by one person, others are there to cover it. I have seen many traders working together because of this very reason. Moreover sharing knowledge helps you in learning more.

While there are some traders which can trade as a team that is in fact rare, most traders keep their strategy secret from everyone even their families, so while they may offer some pointers about what you are doing wrong if you approach them they will not reveal their strategy no matter what, and we cannot really blame them for that behaviour, it has take them years to find a strategy that fits them and they are not going to give it away to the first person that asks them how to trade.

[SaShiRaJaVu]

There is no benefit in comparing our trading experience with others. Bitcoin market is too random to predict. So even if strategy of other person worked this time and mine failed, it doesn't mean strategy of other person will work again and mine will fail again. Crypto trading is more or less is a gambling.

You cannot view trading as a sort of gambling, timing is everything when it comes to investment and you can have the profit if you are patient enough to sell only at a profit and not to sell off because the market is going down and gambling is entire different as you have no clue about the outcome and hence both are entirely different, if you are smart enough then you will end up in a profit .

[traderethereum]

There is no benefit in comparing our trading experience with others. Bitcoin market is too random to predict. So even if strategy of other person worked this time and mine failed, it doesn't mean strategy of other person will work again and mine will fail again. Crypto trading is more or less is a gambling.

You cannot view trading as a sort of gambling, timing is everything when it comes to investment and you can have the profit if you are patient enough to sell only at a profit and not to sell off because the market is going down and gambling is entire different as you have no clue about the outcome and hence both are entirely different, if you are smart enough then you will end up in a profit .

People who don't analyze trading will be gambling because they don't search for an excellent price to buy and sell.
They follow other people's advice, but they never research by themselves.
That will happen, too, with the investment.
And if they keep doing that, they will not be able to make a profit even if they use the investment as the long term investment.
Search the right timing to buy or sell will determine your profit, and if you cannot do that, then better you don't invest in anything.
You can compare your trading analysis with the other, but remember, and you don't need to use their analysis to buy or sell.
You should determine your own price because that is your money, you want to make a big profit than the others.
After you know how much price you want to buy or sell, you can place the order to buy or sell, and leave it until its filled.

[BitcoinHunt3r]

I am very bored seeing the signals from the group, because they sometimes only give false signals to trap us. I better just focus on what I think without looking What people say. I only trade with what I learn by reading various issues about the coins I trade.

Signal sometime we just buy coin that other people already bought. From what i see it is get pumped because new people keep buy it and hope for higher price. Who late will lose, the system is simple like that. Maybe if people know about it, it is better to missed a moment of short pump than stuck in high price.

[BITDV]

Learn from others yes, but not comparing my trading ideas. Imo, i have few step before comparing to others trading ideas such as

1. learn their methods
2. Find risk and profit from theirs idea
3. Benchmaking with my own

So far, i still comfortable with my trade methods. So no need to look any signal and other methods

[ringgo96]

This can be done to be able to find new strategies for making profits when trading, often sharing to add insight because this is very profitable. there is nothing wrong if we share information with traders because it can add information every day, even for myself, I made a group that is specialized for sharing trading every day for traders. mutual benefit between people

[GreatArkansas]

Learn from others yes, but not comparing my trading ideas. Imo, i have few step before comparing to others trading ideas such as
(......)

But you can learn also from other while comparing your trading ideas, especially in some indicator or even in patterns.
Or even in some method like Elliot Wave.
We have different ideas especially in trading, we can also see some people that has better or maybe you can understand it easy and comfortable. Then, that's the time we can able to compare ideas, because it will lead to learnings for sure.