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Author Topic: Trade by yourself  (Read 9118 times)
Aaroenz0r
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June 23, 2020, 05:05:14 AM
 #21

Most newbies haven't that awareness and usually, they get trick by those signals which they think that it will certainly give them a boost to become profitable but the sad story is that, they are just been fooled with it. I was then a victim of this before and somewhat it opens up my mind and to see the reality about this group. Yeah, they are helping you at first but don't get surprised if they ask money for the return and left in the air. But anyway, we can deny that we also learn from them and that is enough to stop relying on them but have to stand our own feet.

Things that if you are doing it by yourself, you can learn a lot more than a thing that the others teach you.
TRUE!! Newbies usually believe that trading signal group is a good starting point! But they get it wrong! First of all, trading signal groups work based on the creators' behalf, not theirs. Secondly, trading signals are not always accurate. Therefore, traders should learn anything they need to have the ability to trade all by themselves!

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June 23, 2020, 07:37:32 AM
 #22

I don't know how to analyze and describe with chart of some coin when trading but I like for checking new update information with trading by seeing announcement from bigger exchange will listed new coin on their exchange, I think is bigger moment waiting for many trader because will give positive effect with some coin on the top price.

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slapper
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June 23, 2020, 08:16:17 AM
 #23

There are several traces of newbies finding signals here and there to trade, but it is wrong. Believe me If you want to trade consistently and profitably just learn how to do it yourself no matter how difficult or how long it takes.

You can subscribe to signals if you're the type who wants to earn while you learn but long term.... Learn trading by yourself
True. Learning trading by yourself can help you to improve a lot of skills and techniques. In the long term, having trading knowledge gives you opportunities to work alone and create your own system which helps you to understand the market a lot

Therefore, dont become lazy and dont depend all of your money on a trading signal

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June 23, 2020, 09:32:01 AM
 #24

I don't know how to analyze and describe with chart of some coin when trading but I like for checking new update information with trading by seeing announcement from bigger exchange will listed new coin on their exchange, I think is bigger moment waiting for many trader because will give positive effect with some coin on the top price.

Initially any new trader would know about it. I also had to learn the trading and read some books about it. Slowly started trades with small capital and though with time and experience one will eventually learn how to trade it. Though it is not meant for all and not everyone also master this trading. In this way you would not be depend on other and their recommendations too.


Dart18
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June 23, 2020, 11:46:31 AM
 #25

Are there even legitimate signals by now?
I bet they are all just doing it for their own profit.
I have never believed them even the first time I knew about it and joined some of them.

Inside that is just one group of people who are looking for victims.
Since day 1 of trading you are always by yourself.
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June 23, 2020, 12:13:20 PM
 #26

I think demo accounts are good when you start to trade by yourself. However, you can easily spend a few years trying to figure things out on your own. That is why I believe one to one coaching is essential. Many traders and sites are offering this, but I tried InvestingCube’s program myself. I went from losing money to making it. You can learn more about it here: https://www.investingcube.com/tailored-one-to-one-trading-coaching/?utm_campaign=Requested_info_Coaching.
Oceat
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June 23, 2020, 03:38:19 PM
 #27

There are several traces of newbies finding signals here and there to trade, but it is wrong. Believe me If you want to trade consistently and profitably just learn how to do it yourself no matter how difficult or how long it takes.

You can subscribe to signals if you're the type who wants to earn while you learn but long term.... Learn trading by yourself

Im a self-taught trader without any mentorship or whatsoever when i do start up myself with my trading career but i do able to withstand all of the challenges by standing on your own.

Internet would be your friend most of the time and as long you do have the connection to search up everything then that would already be enough and of course it wont really be complete

if you dont throw off time on it.It does really need strong dedication and motivation if you want to succeed and of course it wont really be that easy because you would meet tough

challenges along the way specially when emotions or boredom sets in.
I would like to know if how successful you are right now if you do your own strategy in trading. Since most of those who self-taught I knew was spending too much time and effort considering the amount you have lost on its way just to gain the right experience each time you trade. Some of them took a couple of years or more before they can do trade on their own with ease without looking the charts unlike before where they barely get any profit even if they watch the charts.

3996
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June 23, 2020, 04:04:34 PM
 #28

It's true that many people are lazy to learn trading, they want instant profit. So what is normally done is looking for trading signals,
by joining the pump and dump signal group. Even though we have utilized it to be able to generate profits for group owners, the owner of
the group tells his members to buy coins that he previously bought. In the end the coins will dump, after the owner of the group sells it.
Then we become a loss, it's better to trade based on the results of your own analysis, the results will definitely be better than following
other people's signals.

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spike420211
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June 23, 2020, 09:36:00 PM
 #29

That's true, most of the times, doing things by ourselves is the right way to go about it, because through this way, we will learn most importantly from our mistakes thus becoming better at the long run. Also, about trading signals, do they actually work? I once had friends who trade with signals and most of the times they do complain of it not working or meeting their expectations. Some even joined pump and dump groups. So the whole thing comes down to the point of learning it ourselves, asking the right questions, seeking opinions, in fact doing everything possible to ensure we learn it so that we can be better in all ramifications.

Dump and pump groups do not work, these are usually fraudulent schemes.

As for signals, provided that you find a strong trader, signals will bring you profit if you follow the trader’s clear instructions and don’t do anything yourself, set stop loss on time and correctly, and don’t forget to take profit in parts. In this case, you can earn money, but there is a difficulty in finding a really good group with signals. As a rule, they are paid, and are not cheap.
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June 23, 2020, 10:02:14 PM
 #30

It's true that many people are lazy to learn trading, they want instant profit. So what is normally done is looking for trading signals,
by joining the pump and dump signal group. Even though we have utilized it to be able to generate profits for group owners, the owner of
the group tells his members to buy coins that he previously bought. In the end the coins will dump, after the owner of the group sells it.
Then we become a loss, it's better to trade based on the results of your own analysis, the results will definitely be better than following
other people's signals.
Traders should not always depend on other people's trading signals or any paid signals because it won't make you a good trader at all. You should also learn by yourself especially in making a good analysis in the market, when is the best time to enter and exit in trading. If we keep on trading by ourselves, then we can learn how to maximize profits and minimize our losses eventually.

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June 23, 2020, 10:16:37 PM
 #31

There's a popular saying that I so much like.

Quote
The best way to get something done is to do it yourself

And it's true. Often times, I've seen newbies skipping the learning path and moved straight to trading. When it doesn't go as expected, they resolve to ventures like signals group, pump and dump groups, numerous trading discussion channels in a bid to keep the profits. It doesn't take long before they released that crypto isn't all sunshine and lambos. Using signals is more like being spoon fed. You don't really get to the nitty gritty stuffs about trading.


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TimeTeller
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June 23, 2020, 10:21:19 PM
 #32

There's a popular saying that I so much like.

Quote
The best way to get something done is to do it yourself

And it's true. Often times, I've seen newbies skipping the learning path and moved straight to trading. When it doesn't go as expected, they resolve to ventures like signals group, pump and dump groups, numerous trading discussion channels in a bid to keep the profits. It doesn't take long before they released that crypto isn't all sunshine and lambos. Using signals is more like being spoon fed. You don't really get to the nitty gritty stuffs about trading.


You should learn the ropes on your own.
And if you want to learn the tricks in trading, you should experience it first hand.
There's nothing wrong following some signal groups but better if you check the free groups first.
You will have idea on how they do business and more than likely, you will stop following them later on because it won't do any good in your trading.
If you will start educating yourself even with TAs, would be a good tool in understanding some charts.
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June 23, 2020, 10:51:12 PM
 #33

This is just the best way around it, no matter how convenient you are to pay for signals, you will never get contented until you understand perfectly the ideology behind trading, and do so yourself at your convenience. Self dependence on signals are not good, instead be your own source of motivation by doing your researches, leaning and becoming  a better trader for yourself.

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June 24, 2020, 01:03:26 AM
 #34

Trading by yourself as a new trader is the surest way to lose money. People need to learn from somewhere or someone before they can be a competitive/profitable trader.  However, I agree that signals groups are a waste of time if there is no supplemental info to backup why trades were made.

Understanding risk is the most important aspect of trading. New traders typically pay with losses to learn this lesson. Why not speed up the learning process while simultaneously reducing the trading tuition?
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June 24, 2020, 01:12:21 AM
 #35

I do not think that subscribing to signal groups is terrible, but it’s kind of trial and error method in which where you could just see other people's analysis instead of creating your own. It’s better to understand that to learn something, you need to have experience with it, and a great trading tool would be efficient in learning IMO.

I learned trading with the assistance of Gunbot and how you could simulate different start and what you need to do to adapt to the current market.

https://gunbot.ph

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June 24, 2020, 02:55:13 AM
 #36

This is just the best way around it, no matter how convenient you are to pay for signals, you will never get contented until you understand perfectly the ideology behind trading, and do so yourself at your convenience. Self dependence on signals are not good, instead be your own source of motivation by doing your researches, leaning and becoming  a better trader for yourself.
I love the way traders find themselves to have their own market understanding rather than to rely upon others. It is to see that signals aren't the only tool to help us in trading and so we have to rely upon it. That is how important to know our capabilities and self-confidence we brought into trading coz in the actually trade, signals and any other trading tools can't actually be used but just of our own decision.
We fully understand crypto if we are on-hand of it.

R


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Ararbermas
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June 24, 2020, 04:17:16 AM
 #37

There are several traces of newbies finding signals here and there to trade, but it is wrong. Believe me If you want to trade consistently and profitably just learn how to do it yourself no matter how difficult or how long it takes.

You can subscribe to signals if you're the type who wants to earn while you learn but long term.... Learn trading by yourself
definitely!  Because being lack in trading is not safe so you must educate your self first to obtain specific information wherein how it really works..Although subscribing in some sort of signal group isn't really helpful .  But there are some group also or site where you can find / practice your skills so must try it .. It's a big help for beginners..

.  Instead of waiting for others opinions such on group of traders which have no specific theology when it comes trading.. Remember putting money in different trading site is very risky.  So you must be aware on it and make it sure before making a decision.. In fact all the things you want to know about trading can be found around the internet so just always make a research for your self to avoid risky situation..  
KrisAlex18
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June 24, 2020, 04:26:53 AM
 #38

Well said the experience is the best teacher. We may learn about some of our experiences. That is why it is really advantageous if you have more experience with something. You may face so many struggles before you become successful in something. You will make many mistakes because that is part of the process of growing up but do not let those mistakes down you. If you have done mistakes you shouldn't quit trying it because once you have quit on it you will never make it right again. You will lose opportunities because of writing. Just try and try until you reach the things you want.
Dhoe
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June 24, 2020, 05:28:08 AM
 #39

Sometimes new traders think, it's better to listen to other people's opinions than to be tired learning by yourself, So they only depend on trading signal providers, And I don't think they can become a professional trader if continues like that. We must learn by ourselves, and of course there are mistakes, so make a lesson from those mistakes.
michellee
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June 24, 2020, 05:34:42 AM
 #40

Well said the experience is the best teacher. We may learn about some of our experiences. That is why it is really advantageous if you have more experience with something. You may face so many struggles before you become successful in something. You will make many mistakes because that is part of the process of growing up but do not let those mistakes down you. If you have done mistakes you shouldn't quit trying it because once you have quit on it you will never make it right again. You will lose opportunities because of writing. Just try and try until you reach the things you want.
Become successful in trading will need time, so you need to be patient, and still learning more about trading. The process will depend on how you can learn trading, and good you understand the lesson so that you can apply the lesson in real situations in the market. If you can have more experience in trading, that can help you analyze better than before, and that means you will have more chances to make a profit in the future. The mistakes itself will help you to have more experience, so you can avoid making the same mistake in the next trading.

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