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Author Topic: Skilled trader or bullshitter? 📈  (Read 189 times)
Sadlife
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March 17, 2020, 01:46:26 PM
 #21

Yes  Smiley similar to eToro, but one important difference. You do not have to move your funds to Altpocket, you can keep trading at the exchanges you prefer.

You can find traders to follow in the performance toplists and get notifications in your phone as soon as they make a trade.


That's really nice, how do you even get the traders to share their position to others ?
would like to know if there are some feedback from users who have tried it and where do you get the API data from the top traders, is that even allowed ?

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March 19, 2020, 04:33:49 AM
 #22

This is actually not a new idea, there are a few of these services out but they are mostly for forex or stock trading and can't find anything for crypto yet. However its smart because there are tons of new retail investors on bitcointalk or crypto twitter who follow people blindly and lose money.

Most people post that they "Long $3,000,000 at $5000" and it gets many peoples attentions because they seem like a whale. However they never provide actual proof. And then all of a sudden they have some "Signals trading" or "Trading course to offer". So your website would weed out many of these scams. And make sure you track performance like ratios of drawdown. Because when someone makes $1 million dollars but have 90% drawdowns all the time, then its obviously based on luck.

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March 19, 2020, 04:35:40 PM
 #23

This is really good idea, and I have checked out you guys' website and it looks really good both on my smartphone and computer. It’s just the app that I haven’t looked into, but I will be doing that very soon.

I am not a professional trader, so when I sign up I’m just going to be looking for experts that I can copy from and that’s all I need, it’s going to be really helpful for me since I don’t get the time to do all these math works and predictions. Copy trading is the way to go for me, and I like that you guys are putting your focus on this area.

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March 20, 2020, 07:12:31 AM
 #24

Oh well, it looks like the OP just posted here and have no intention to come back and answer our queries. Probably he/she wanted us to visit the website.

And this is the problem of accounts just posting here to advertisement their project and not come back. I'm following the thread as I'm interested. Anyways, decided not to try.

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rexxarofmoknathal
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March 20, 2020, 09:51:10 AM
 #25

There has been some other copy trading places that does the same thing. I mean people could literally connect their API of the exchange of their preference so that they could basically do the exact same trades that the trader is doing while even asleep, there is no really word for it other than copy trading but it is like automated bots but does the moves of good traders instead of doing it based on indicators and such.

Still, it is a great product and everyone should check it out, I liked it, and I hope there will be thousands of traders there who will showboat their own trades and we can see really good traders and how they trade and why they trade so we can learn better, but to say that this is the first place is just factually wrong, this could be the best place, that could be true, but not the first place.

And honestly if more and more people connect their preferred API to copy trade wouldn't that deprecate this platform of yours? I understand that this may not be the right way to go about it but the fact is that some people already engage in this activity and likely more people will, and that means that there should be a focus to mitigate this issue.

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Sternbinder
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March 25, 2020, 07:42:44 PM
 #26

A qualified trader from someone who is not so difficult to determine, the main thing here is to be observant and learn to see the key points. First of all, every trader who really knows how to trade profitably can always explain why he or she acted in any way, what type of analysis he or she applied, why he or she chose a certain amount, etc. In other words, he can always reasonably answer for his actions. Secondly, such a trader can provide statistics with real indicators, I personally resent the representatives of demo-trading who show exorbitant results with unreasonably large amounts and a sufficient number of negative positions. And thirdly, such a trader reacts calmly to his mistakes and tries to correct it.
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March 26, 2020, 08:22:47 AM
 #27

it looks like the OP just posted here and have no intention to come back and answer our queries.
You are right. He only replied on the first page, then disappeared till now. Look at his profile, registered March 10 and the last active March 11. It means he only active two days in this forum.

Probably he/she wanted us to visit the website.
Indeed. It is the reason why he created an account and posted a single thread only. He expected people interested in their site and take a look there. His thread here is just a little promotion.

And this is the problem of accounts just posting here to advertisement their project and not come back.
Yeah, there were already too many newbie accounts doing the same ways. Posted a single thread, just replied as necessary, then they disappeared. However, it happened in all crypto forums, so don't be so surprised about it.  Cheesy

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Sadlife
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March 26, 2020, 10:22:28 AM
 #28

What a great way to advertise a product but what you say is quite true, we can all very much relate to this as not all people are good at trading, so we follow financial advice from people who says they can make thousands by a day. But only wants to scam you by joining his premium group even if you're not a legitimate trader with editing skills they  can act like one just by showing key fundamentals or indicators use for TA.

This type of project im interested, it could be nice if you could show us the numbers of traders and their profiles. And testimonials of success using promotional videos.

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March 27, 2020, 07:57:42 AM
 #29

Well for marketing purposes, I can understand why you may want to spread your seeds everywhere you can while also not staying there for too long so you do not have to answer crucial questions. When you talk about your product every single place you can find, you are making an awareness, that way you are making people interested and they all come join your website, well at least some of them do.

When you stay for too long, some people will ask you questions that could be deal breakers, the longer you stay the bigger chance of a question like that to come. Which is why these type of products are usually marketed for a day or so in each place and then they leave. However, I am not bashing the product, it could be something that some people may want, I just disliked the marketing.

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carter34
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March 28, 2020, 07:38:14 PM
 #30

This is actually not a new idea, there are a few of these services out but they are mostly for forex or stock trading and can't find anything for crypto yet. However its smart because there are tons of new retail investors on bitcointalk or crypto twitter who follow people blindly and lose money.


Yes, in forex you see such a lot and it is with charges or percentage of the profit goes to the trader as agreed before following.
For the op, the difference is that he said it would be free but I think soon, he would want to charge some fee when he said premium offer or package will be considered. Well, until followers confirm success rate.

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March 29, 2020, 11:42:33 AM
 #31

If you base it on statistics - it can certainly help, but I'm not sure that even the most profitable trader always succeeds in everything, because it is normal if something goes wrong and we get lost in new circumstances. So the main thing here is probably not to panic, and just to continue to adhere to the rules of your strategy and learn to adapt in an unusual situation. I do not think that everything and always can be just perfect. In fact, traders who do not deserve attention always give themselves away, they are too categorical, they talk a lot, and never give at least some specific information. It is like a single actor playing. So you don't need to be a psychologist here to figure out whether it's worth spending your time or not...
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March 29, 2020, 06:02:34 PM
 #32

Can't someone build a portfolio by doing demo trading

Usually, a demo trade is not a genuine trade. So the genuity will not be there. For me, I won't like to follow someone's demo trade.
There is difference between a demo trade and live trade, at least seriousness is part of it.
Definitely, the difference is only in the emotion of traders with the fear of losing or the excitement of winning. In demo trading, traders do not get much bothered about the direction of the trade. But I think what "Stedsm" referred to there with demo was for trade practice of anyone interested in trying the service offered by the OP.

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