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Author Topic: What do you really need in your trading?  (Read 1481 times)
goldade
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October 28, 2020, 12:11:37 PM
 #41

Bitcoin market become high volatility and unpredictable.
every trader use different skills make the market more complexity and increased risk.
trading need more wisdom and consistency.

At this time you may in these ways:

1. Copy trading (High Risk)
2. Bot trading (Not under control)
3. Trading by yourself (Emotional influence, wasted time)

you may got disappointed in this situation,
But if there have an service just notify for some most opportunity point and use reference in your trading that save a lot of time,
reduce your emotional influence in analysis. and never missed every quotes, make you trading relaxed.

https://tradwra.com an signal provider, just made for trader. once subscribed you will got new signal notify instantly.

opportunity signal + your own trading strategy
let's make trading easy!

Just like many have mentioned already before me, the best form of trading is trading by oneself. That way your losses and profits are dependent on how efficient you are.
I wouldn't advise copy trading. It isn't as effective as supposed and it involves high risk. Bot trading as mentioned by OP isn't under one's control and can be risky as well.
However, I also would not advise trading waiting for signals from a signal provider. One wouldn't be able to trade at one's pace and will be waiting for signals which most likely would not come at a particular time.

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October 28, 2020, 12:55:42 PM
 #42

Everyone's trading style is different when it involves trading trading together with your own intellect is a smaller amount risky. Also the trading strategy will protect the downside of the business plan your business strategy in such how that there's no scope for unlimited losses. there'll be two gains and losses in trading so you've got to require losses from time to time and therefore the reasons for that ought to be analyzed. Your losses should be analyzed and in fact this factor should be taken into consideration within the trading strategy this is often how I follow the trading strategy.
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October 28, 2020, 01:20:13 PM
 #43

I have tried various ways to be successful in trading, but only manual trading by ourselves has been effective so far.
It is true that manual trading wastes a lot of time and requires more effort, but if the results are satisfactory, I will
not be a problem. Because the experience of trading using copy trading and trading bots only depleted my capital.

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isaac_clarke22
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October 28, 2020, 02:16:52 PM
 #44

It's up to one's strategy anyway. Some would prefer a bot so that they would trade systematically, while trading by purely yourself has freedom of your own choice. Don't want to sell or buy? You can do it with your own decision.
When I traded before, I didn't use a bot. Just me.

Side note: OP's kinda just promoting his own site.
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October 28, 2020, 03:03:17 PM
 #45

The moment you start buying into the idea of receiving signals, you begin to rely on them and get distracted from working on your own trading strategy. With signals you gain nothing when the trades goes against you. The fact is they can't be right all the time so obviously the signals providers will get some trades wrong.
Yeah, you’re right, but he’s just trying to promote his business I guess. Signal providers can never be right at all times, even you yourself, if you decide to be doing it by yourself you’re still going to be wrong at times. There is nothing wrong with making use of signal providers, it’s all about how professional they are and whether they are going to be reliable.

If you will be able to get a reliable source to be getting signals for trading, then you wouldn’t be running into much trouble. Then as for working on your skills and being independent, if you can do that too, it would be a good idea, but people find it difficult to develop their skills in technical analysis.
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October 28, 2020, 03:20:09 PM
 #46


It would work for someone who has no idea how to trade and busy doing something else but for someone who wants control over the money they spend, I don't think they want trading signals because they already have learned how to read charts.

I haven't tried really getting some signals to trade. But if you are like the ones who just say "buy now and sell now" as a signal provider I probably just ignore you as signal provider.  Its much convincing if you have inside information including the fundamental news from big investment updates.


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October 29, 2020, 02:30:01 AM
 #47

I have tried various ways to be successful in trading, but only manual trading by ourselves has been effective so far.
It is true that manual trading wastes a lot of time and requires more effort, but if the results are satisfactory, I will
not be a problem. Because the experience of trading using copy trading and trading bots only depleted my capital.
Copy trading and trading bots will indeed drain capital when the Bot is an error or the trading copy is wrong in predicting. But that's not all the impact, trading using a phak platform when it makes us dependent and not learning how to become a trader, we will never know the euphoria when trading, doing TA and FA analysis. We won't go anywhere just relying on bots and copy trading.

Trading manually or independently will have a more positive impact, even though a lot of time is wasted doing analysis, but that's the art of trading, it can't be achieved in an instant way.

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Kelvinid
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October 29, 2020, 03:18:10 AM
 #48

I've come up to think like this, "if others can do, I can make it also". Trading is not an easy task but wondering why there are a lot of people would like to trade and some some of them had succeed. They don't have that signals before and most likely they are manual trading system but they even survive and become successful. 

Why we should have to rely others if those traders before us don't have, in fact, it all just the same, strategies are still the same? Could be the reason why they surpass such struggles is that because they have passion in trading, they never think about quitting, instead, they keep themselves hunger to learn, find a way to improve their trades without the help of others (3rd parties, trading signals, and etc..), and finally, they achieve what they aim for.
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October 29, 2020, 04:24:57 AM
 #49

Im not into the use of trading bots and copy trading even there are a lot of people told me to use this, because for me I don't trust anyone I just trust myself. Also right now there are a lot of sources right there on the internet so don't worry if for information but how about having mistakes? this is part of the life you cannot learn if you didn't make a mistake also nobodies perfect. One thing too don't hesitate to ask other people just to have enlightened you for a mean time about the things you encounter.

Why we should have to rely others if those traders before us don't have, in fact, it all just the same, strategies are still the same? Could be the reason why they surpass such struggles is that because they have passion in trading, they never think about quitting, instead, they keep themselves hunger to learn, find a way to improve their trades without the help of others (3rd parties, trading signals, and etc..), and finally, they achieve what they aim for.


this is the problem to the people today because they think with the use of the copy trading they can now easily earn money somehow there is a statement yes they really can earn but what if the man they followed made a mistake so they cannot blame them because they are being dependent on other people. There are a lot of pool of knowledge right there all you need is to swim and find what you want and not just stay at the side waiting for blessings.

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October 29, 2020, 10:09:46 AM
 #50

I like the third way, everything is decided by myself, it's not only emotions, time but also my own predictions, trading without confidence shouldn't be traded. Many people may need bot or signal provider, but cost and efficiency should be considered.

I too like the third way of trading,
That's listen to your heart, your emotions.
But this too doesn't mean that i will go and blankly buy any coins.
Before buying anything we should must do a clean Research on whether you should invest or not, and if everything works fine, then go with full enthusiasm and energy.
These are the things that really help me while trading and yes this may vary from person to person.

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October 29, 2020, 10:24:33 AM
 #51

I have tried various ways to be successful in trading, but only manual trading by ourselves has been effective so far.
It is true that manual trading wastes a lot of time and requires more effort, but if the results are satisfactory, I will
not be a problem. Because the experience of trading using copy trading and trading bots only depleted my capital.

Same way too, even it takes more time but the success rates is much higher then I'll go with it.

It's wise to work with your own research and your own ways of trading, strategy can be learned along the way, it's just a matter of how you take your risk and how you position yourself, there's patterns that you can follow it will helps you anticipating the next trends.
At the end of the day, traders are just looking for advancement and opportunities whatever path they've tried to take.
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October 29, 2020, 10:29:46 AM
 #52

no need for any signal provider, Copy trading is popular in  but isn't  effective
The crypto market will always fluctuate, and the price will always change every day
Bitcoin is the most trusted platform for trading

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October 29, 2020, 10:44:56 AM
 #53

Of course being able to trade for yourself without any outside help would be the greatest start you could have, not like many people would get that very quickly, but you could potentially have a start for it and that is where the real money starts trickling down. When you have only 1k dollars invested and barely make 20% a year you get 200 dollars, but if you keep that up for 20 years you are getting closer to retirement, this is not a get rich overnight system, this is a retire early system which is what you should focus on.

Do not worry about losses you could make along the way, you could lose some of that and I would say you could regain that just as quickly too if you know what you are doing. So my suggestion is to get started, make a little now, and try to be consistent about it.

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October 29, 2020, 11:56:16 AM
 #54

Of course once you involved yourself here in cryptocurrency there are only two ways for us to earn, the first one is you need to invest to buy coin depending on which one do you like. And you shouldn't rely on copy trading because it is still much better to have your own way to make trade to earn here in cryptocurrency.
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October 29, 2020, 12:31:23 PM
Last edit: October 29, 2020, 02:29:50 PM by Eureka_07
 #55

Bot trading is high risk, you firstly need to subscribe to the bot, never tried any trading bots but I heard these bots are not that profitable, maybe in the long run if you found a really good trading bot.
I heard about bitcoin revolution, but I never had the confirmation if this bot is legitimate bot, but based on the testimonies, they are.
Again I'm not sure, and never confirmed it myself.

Still, the best to do for trading is to self trade, invest on your own knowledge, so you won't be needing any bots, signals or any services just to take profit from trading (profit, still not guaranteed).

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October 29, 2020, 12:34:10 PM
 #56

Of course once you involved yourself here in cryptocurrency there are only two ways for us to earn, the first one is you need to invest to buy coin depending on which one do you like. And you shouldn't rely on copy trading because it is still much better to have your own way to make trade to earn here in cryptocurrency.
Indeed. You don't need to copy and rely on one person's strategy in trading because it is much better if you will make and discover your strategy and plan to see how fun and worth it trading. Trading independently is not easy because you first need to control your emotions for you to make the right decisions or make a successful trade. But once you get the hang of it, you will realize that trading on cryptocurrencies is not that hard.

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October 29, 2020, 03:55:29 PM
 #57

I understand peoples approach towards bots, I have used them, I have used a lot of them and if someone tells me they love it I would get it, if someone tells me they hate it I would get it, even would understand not wanting to use as well, they are really all over the place.

For example there are moments when one bot makes you 10% profit in a month while other one loses you money, you assume that other bot is better because of this, you keep using that bot and close the other one and suddenly people who use the other one profits while you end up losing money with the one that made you profit before. So, bots are unpredictable and only do what you tell them to do, like a slave that works 7/24 hence why I think it all depends on the person and the market situation.

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October 29, 2020, 07:28:28 PM
 #58

I want to run my own business. I learn from my mistakes. And I can comfort myself by forgetting myself. so I like the third way. I still want to trade myself without using any signal provider for my business. I am able to improve my business in stages.

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October 29, 2020, 10:10:29 PM
 #59

For me, doing the analysis correctly is what I need right now for trading, because I don't trust other people signals and trading bots.
After all, if we do the analysis ourselves, will make our trading knowledge and skills increase by itself. I also need to increase my trading
practice, in order to improve my experience in the trading world.

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October 29, 2020, 11:22:06 PM
Last edit: November 01, 2020, 12:27:32 AM by StephenJH
 #60

Bot trading is not reliable, I prefer to trade with my own trading plans. There are many ways to turn losing trades into winning one and finding the perfect tools has common things. Some traders prefer to trade with arbitrage bots but the volatile crypto markets can destroy the winnings during a month in a day. Trading based on signals from random trading groups can turn into the dangerous games on social media because the signal group admins usually edit the trading call in case of loss. Paying money for both signal and loss sounds ridiculous, must be avoided at all costs unless it has been proven by pro traders.

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