Do You Compare Your Trading ideas with others ?

[bitzizzix]

I prefer to compare my trade with other people's trading on the condition that he is professional and expert and always profitable, with the reason as a correction of my shortcomings in trading and will be my lesson, experience can also be gained from ourselves and we also need to get from people and for comparison and consideration when I trade so that I can become a profitable trader.

[nelson4lov]

Well, I've read your whole post and I agree with some points but the whole thing that I want to mention here is, we are in competition with anyone not even with the markets. So, it's not pretty good to compare your trading ideas with others. By the ideas doesn't make money for you if you can't execute your traders properly on a consistent basis.

You made a good point. The market doesn't just work based on a single person's opinion. You, me and everyone decide when it goes. So checking out other people's ideas/opinions can you an overview and overall sentiment ( especially if you checked out several ideas and opinions)  of where the market is going. More often that not, when a lot of traders are looking at a level, It does become a self-fulfilling prophecy. So It's recommended to check out ideas of others. Then make your own analysis as well and then compare it. Finally make a decision. Rhat should give you an extra edge instead of going in blindly.

[erickastella]

yes in my country a lot of copy traders alias use trading signals, they are willing to pay hundreds of usd just to give a signal, in my opinion it's not wrong because they want to profit without loss, but there are many elements that deceive members of the trading signal to get profits, okay we skip that problem, because depending on the thoughts of others will not make us successful, we must be independent and dare to take steps, maybe we should practice directly so that we get knowledge, not only copying traders but also true traders

[Golftech]

I prefer to compare my trade with other people's trading on the condition that he is professional and expert and always profitable, with the reason as a correction of my shortcomings in trading and will be my lesson, experience can also be gained from ourselves and we also need to get from people and for comparison and consideration when I trade so that I can become a profitable trader.

In some point, there's a lots of benefits from people who really knows how the industry works out and how they can manage to execute very well. Comparing to those who have a good understanding and skills that can be shared you will learn the proper ways of investing to this market, your money will be much safer when you find ways to gather more ideas for much better business.

[Vispilio]

It's important to check how other traders are going to react to your ideas because that will definitely have financial implications for you when you put your idea to action in real markets.

Usually if your approach is already well known, agreed upon and in use by a considerable number of people, it's a good sign that it won't lead to any trading edge. If on the other hand the general outline of the idea (without disclosing your strategy) is leading to provocative outrage and heavy criticism, that idea might lead to tremendous profitability.

[romero121]

Just on comparing with other traders we aren't gonna get any profit out of the same. I used to go through the trade pattern being followed by other users. This will help in making better decisions choosing the respective asset for trading. My trading idea is very simple, I follow buying low and open a sell order for an increased price. Until the trade gets executed I used to maintain patience.

From my experience one can make himself good in trading just by learning the basics as well as the way to study the market changes. Further it is ones own ability to experiment with small investment and learn out of the same, which is the best way to master trading.

[tungaqhd]

Well, I've read your whole post and I agree with some points but the whole thing that I want to mention here is, we are in competition with anyone not even with the markets. So, it's not pretty good to compare your trading ideas with others. By the ideas doesn't make money for you if you can't execute your traders properly on a consistent basis.

You made a good point. The market doesn't just work based on a single person's opinion. You, me and everyone decide when it goes. So checking out other people's ideas/opinions can you an overview and overall sentiment ( especially if you checked out several ideas and opinions)  of where the market is going. More often that not, when a lot of traders are looking at a level, It does become a self-fulfilling prophecy. So It's recommended to check out ideas of others. Then make your own analysis as well and then compare it. Finally make a decision. Rhat should give you an extra edge instead of going in blindly.

opinions or ideas from other people can indeed add to the knowledge we will get, especially for beginners who are not accustomed to dealing with market conditions. Therefore, to become a professional trader, we must be able to combine the brilliant ideas of others to be able to practice, but the analysis done by ourselves is certainly much better because all the decisions we make in trading certainly will not depend on someone.

Well, ideas from others are always valuable information because each idea always needs specific evidence and evidence, with lots of different sources, we can really accumulate more knowledge from other people's ideas, and as you say, new traders should adopt these ideas to improve their analytics. However, very much agree that our analysis will be more valuable when we understand that our mistake will be our loss of money, so accumulate good things from others but don't forget our path

[Indrawan77]

I do compare my trading ideas with other, I want to know what is the reason and explanation behind the technique, if there is something logical then I will implement that part into my next strategy,not all trading ideas could go well with your strategy but by learning and compare more option then we can find the best formula for trading

[joinfree]

Sure i do and it has been of great help because through reading some tactics on several trading channels i got to know about the 72-hour crypto volatility cycle. I have joined several trading groups as well where we share ideas and news about market movements and this also have been of great help in my crypto trading activities.

[AicecreaME]

You know, I respect technical analysis and various trading strategies. But the situation is such that different traders can interpret this or that trading pattern on the chart differently. Therefore, analyzing the conclusions of many traders about how the market will behave can take a lot of time and confuse me. Therefore, I think that the best solution is to peep on the advice of a couple of successful traders and analyze the market yourself. Paid groups of trading signals of course can give valuable information, but here you need to resist the temptation to buy more than it should, thinking that the trading signal will be one hundred percent profitable.

It might be confusing but the way you are all pursuing is all the same, even if you guys use different analysis and approach on a single matter, you will all have the same result and conclusion. Brainstorming ideas of smart people will never work together, you'll just keep clashing, therefore I think your resolve is better to make things in your way, but the whole point of comparing your ideas to others is to make things more easier and be more productive.

[mdzahed134]

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.

I think compare trading ideas is too much important for newbie and experience traders. There are no limitation to learn in trading because every traders strategy is different and unique. Sometimes a lot of experience traders make big mistake. But that is true many traders don’t comport feel to share their ideas which are very effective and to finish successful trade. I don’t go with paid tricks and signals it’s not worthy for the future.                         

[bitbunnny]

I don't think that comparing trading ideas with others is very wise thing. It's good to learn something new all the time but if you compare yourself all the time with others you might start doubt in yourself and think that everyone else is more successful than you and that you are doing something wrong. Have confidence in your own experience.

[nydiacaskey01]

Even if I am trading with the same coin or token like BTC to ETH or BTC to ADA, I will not compare my strategies to others, most specially if what he is trading is different. The market movement is different from each coin, like if the other is trading BTC-NEO, why will I copy his strategy if I am trading BTC-LTC. I might use it as a guide specially if he is successful in gaining profits, but as a guide only.

[gandame]

No i never compare my trading strategy or ideas to other because i do it on my own and i don't know what there ideas to maybe i will share but i never compare it because i know to my self that I'm not so good in trading.

[Sahyadri]

Considering others' trade idea before making your trade is a good option but that can manipulate your decision too which is not always the correct approach. There could be a chance that your decision has more merits than theirs. There are many fake "gurus" everywhere on Twitter and telegram. So if you're comparing your trades with them, take some precautions. I have seen many good traders getting in wrong trades. Market is really volatile and just one wrong trade can ruin you.

[Aying]

No i never compare my trading strategy or ideas to other because i do it on my own and i don't know what there ideas to maybe i will share but i never compare it because i know to my self that I'm not so good in trading.

If we have the idea do we need to compare it? Maybe for me its not totally useful if we did compare it everytime we trade because it gave us curiosity and it turns to distraction. we have unique idea on our head if we use it we benefits a lot and if we use another users idea maybe its going to be wrong and not bring us more profit. just learn and grow. our starting line to meet success.

[cryptoknightt]

I usually do this by comparing a number of predictions that often occur in group signals. I always compare them with the results of the lines I made from the chart of price movements at the exchange so that I can find out which is more valid.

[TRONTON]

much can be compared on the tradingview platform, especially btc, I feel obliged to do so to formulate the analysis that I made. If we jump into the market, we must also look at the thoughts of the big speculators.

At first this looks like something boring, but if the escalation of orders enlarges, this will affect our trade confidence, especially when the current crypto situation is needed to share analysis with each other.

[glendall]

very interesting that you do, in my opinion it is a very good learning innovation. I myself have never compared my trading strategy with others, so far I have only asked someone who I feel understands about crypto trading. I do daily trading with little capital, maybe if there is time I will try to see the site that you suggest. have a nice vacation and rest guys.

I also do the same thing with you, do a comparison with the analysis done by others, but the difference is if you do not follow the signal, if I am still following some signals,
but I do not follow it all, just see the results of the analysis, different or the same, and usually I look for different, then see the results after the chart moves, from there I usually find some new techniques.

[samcrypto]

I don't think that comparing trading ideas with others is very wise thing. It's good to learn something new all the time but if you compare yourself all the time with others you might start doubt in yourself and think that everyone else is more successful than you and that you are doing something wrong. Have confidence in your own experience.

Instead of comparing yourself with other traders, its better if you will just use their output to learn more about trading and I agree that if you keep on doing this, you will just ended up broke and doubt to yourself. Its good to become a confident trader especially on a highly volatile market and it requires your courage to take risk.