What do you really need in your trading?

[darewaller]

I think all the methods you have listed there carries the same level of risk. Copy trading is risky , yes, and same is bot trading. Bot trading is not any less risky, if you are using the wrong bot or you don’t know how to set up the not in the right way, you will end up losing your money.

So there is risk, and 90% of the bots I have seen usually don’t make any sense, even the good ones needs to be properly set up. Copy trading is even good and I would prefer copy trading to bot trading. When it comes to copy trading you will have to go through the portfolio of the professional traders you want to copy, and choose the ones with the best performance. So, it’s even better.

[davinchi]

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

With both copy trading and bot based trading, you are risking your capital with someone's knowledge. I am not seeing big differences between copy trading and bot trading. Copy trading may go for different strategy of trades when the source-trader switches strategies whereas bot in pre-defined set of trading instructions until you update the version.

If you consider generating your own signal as waste of time then trading is not for you.

opportunity signal + your own trading strategy

When there will be an external resource which can be free or paid services to confirm our trading signals or to get start with crypto trading, why should we miss that. I mean you must focus on generating your own trading signal but at the same time, if you are getting third party signals then you may cross check your own signal with it and then you may go for trading with more confident.

[blckhawk]

Some said copy trading and bot trading is somehow effecient in acquiring profits. But I still prefer self trading. Yeah, there's agreat emotional influence but it is all the matter of "emotional control and management".  And about that signal group you have mentioned, I've tried joining paid signal service and was just disappointed. If you are able to read technical/fundamental analysis by yourself, joining from those signal groups is not really necessarily.

Joining paid signal services could be just a waste of money if you think you can do it by yourself.
Just like you, I am not a fan of copy trading and bot trading because I heard the news that copy trading isn't that effective while I just really don't trust bot trading. I prefer to trade by myself knowing that I have enough knowledge and experience this would be enough to reduce the risk and earn through my own TA. However, emotion is a really great factor in making your own trade this could bring loss or better results.

[XCANA]

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.

You're right mate, those who tend to go after premium signals don't actually know the danger therein becasue most of these signals aren't good as we see them. Personally i have been a victim of this and almost lost my funds in the process, but, be able to analyze the market to get the accurate signal is the best and profitable. What i see in trade is, learning the skills and going practicals is the best approach to trade.

[South Park]

Absolutely, no thanks.  

I've been approached by signal providers in Telegram before and all I can say is it's like a pyramid scam.
They provide insights on what to trade (buy or sell) but behind it is them also.  
Well, luckily I have not been with them for a long time saving my hard-earned money for something better.
I am not saying every signal provider have the same goal, just please be careful for those who want to try it.

In other markets at least you know you are actually receiving signals and the owners of the signal group are not trading against you and trying to exploit you that way, but in this market I have yet to see a single signal group that is not a pump and dump group in disguise, so anyone that is interested in the markets need to learn how to trade by themselves otherwise just do not trade and be happy by just holding your coins and wait until bitcoin enters in a new bull market.

[Anyobsss]

Absolutely, no thanks.  

I've been approached by signal providers in Telegram before and all I can say is it's like a pyramid scam.
They provide insights on what to trade (buy or sell) but behind it is them also.  
Well, luckily I have not been with them for a long time saving my hard-earned money for something better.
I am not saying every signal provider have the same goal, just please be careful for those who want to try it.

In other markets at least you know you are actually receiving signals and the owners of the signal group are not trading against you and trying to exploit you that way, but in this market I have yet to see a single signal group that is not a pump and dump group in disguise, so anyone that is interested in the markets need to learn how to trade by themselves otherwise just do not trade and be happy by just holding your coins and wait until bitcoin enters in a new bull market.

It will also be bad practice to rely on others for your trades. It seems like you are passing the responsibility of handling your funds to other people. Remember that it is your money and it is your responsibility. If you are a beginner of course there would be losses and it is inevitable. Even experts lose some trades. Although, It would not hurt to ask for some insight and opinions for your trades but don't just rely too much. It would be better if you will develop your individual skill.

[ropyu1978]

Some said copy trading and bot trading is somehow effecient in acquiring profits. But I still prefer self trading. Yeah, there's agreat emotional influence but it is all the matter of "emotional control and management".  And about that signal group you have mentioned, I've tried joining paid signal service and was just disappointed. If you are able to read technical/fundamental analysis by yourself, joining from those signal groups is not really necessarily.

Joining paid signal services could be just a waste of money if you think you can do it by yourself.
Just like you, I am not a fan of copy trading and bot trading because I heard the news that copy trading isn't that effective while I just really don't trust bot trading. I prefer to trade by myself knowing that I have enough knowledge and experience this would be enough to reduce the risk and earn through my own TA. However, emotion is a really great factor in making your own trade this could bring loss or better results.

Waste time and waste much money for joining paid signal group service because they always give late information when entry to some coin, I ever faced the moment like this when coin have break out more than 40% they give an information for entering, but what happen next we have late for buying coin because have touch higher price and then the owner of signal paid group sell their coin, repeat always the signal like this not only for spot trading but also future trading have the same cases, always late giving signal to entry short or long in future or spot market.

[beerlover]

When you are dealing with something as severely risky as trading, you do not really need anything but luck because without luck you can't achieve anything. A coin could have charts that read profit and could show all the indicators, all the details, everything looks 100% perfect for a big jump and it could dump 50% by a huge whale who just wanted to get out right at the moment you buy.

That is why luck is the thing you need most in crypto trading, of course luck is the thing you need in real life as well, not like crypto is not real life but I meant the physical world. Which is why I highly suggest that if you could do all the study, all the research and all the data collection you could possibly do and still end up losing, do not be worried, it is trading and those things happen.

[Xembin]

There are many things I need to make my trade successful:
1) Research: I don't joke with any time am trading my coins I always listen to the result I got from my research.
2) Change: I don't too be in a hurry to release my goods without I no check the condition of the market if it has change for my good.
3) Quality: I prefer to supply quality project than fake that will reduce my trade to low level if people get to know I deal with fake goods.

[sgenuine]

I sometimes make the use of distill browser extension to webscrape traders on binance futures who are sharing their trades, study the TA and modify to apply my trades. Not 100% effective but at least better than when I depended fully on signals, it was quite exhausting. There was no set time for signal alert, I always missed good entry points by the time I set my trade and was always checking my phone for signal alerts.

All these signals and technical stuff will be useless if you use them without any trading strategy. Besides, you can never become a successful trader until you get enough knowledge about the crypto market and make some trading mistakes (they also work for you).

[Viscore]

There are many things I need to make my trade successful:
1) Research: I don't joke with any time am trading my coins I always listen to the result I got from my research.
2) Change: I don't too be in a hurry to release my goods without I no check the condition of the market if it has change for my good.
3) Quality: I prefer to supply quality project than fake that will reduce my trade to low level if people get to know I deal with fake goods.

In general, you are preparing yourself for a big fight. However, it is not only about having enough knowledge but most important is to have skills, make trained yourself help you to improve your trading capabilities. We can't ever be successful at first but having such a losing experience will give us a reason to think of a better and effective strategy.

Don't keep yourselves contented enough with what you have now, continue reading, searching, and collecting ideas from an expert will help you more to build better trading strategies. Yeah, it certainly takes a while before it guarantees that we are fully equipped but you can see positive results from this.

[AmoreJaz]

There are many things I need to make my trade successful:
1) Research: I don't joke with any time am trading my coins I always listen to the result I got from my research.
2) Change: I don't too be in a hurry to release my goods without I no check the condition of the market if it has change for my good.
3) Quality: I prefer to supply quality project than fake that will reduce my trade to low level if people get to know I deal with fake goods.

In general, you are preparing yourself for a big fight. However, it is not only about having enough knowledge but most important is to have skills, make trained yourself help you to improve your trading capabilities. We can't ever be successful at first but having such a losing experience will give us a reason to think of a better and effective strategy.

Don't keep yourselves contented enough with what you have now, continue reading, searching, and collecting ideas from an expert will help you more to build better trading strategies. Yeah, it certainly takes a while before it guarantees that we are fully equipped but you can see positive results from this.

trading skills is not learned overnight. it is the accumulation of years and years in the market, gaining tips and tricks along the way. everyday is a new day to learn things. thats right, if you feel you have all the info that you need to battle this game, youre wrong. the market is changing and so are the factors involved. you need to be updated whats happening, else you will be left behind!

[Tingtong]

Yes i need to trade because i earn some money from trade. And cost this money in my real life. I know trading is high risky but i think if you have knowledge about alt coin you can earn.

[mardaed]

I don't think I really need something like that it's true that in personal trades it may affect your trading with your emotion that's why it needs a lot of practice and experience in doing trading if you've managed to practice it and become a professional trader your analysis or statistics would best matter than your emotion.

[sabingurung]

Thanks for sharing such a great information friend. I have been trading on my own for a month and have so many losses. I wish I will get a good profit following the signals provided on that website.

[Distinctin]

Yes i need to trade because i earn some money from trade. And cost this money in my real life. I know trading is high risky but i think if you have knowledge about alt coin you can earn.

I suggest you not to focus on making money, but the first thing you do is to make a habit of reading. Just be careful in choosing altcoins to trade, not all of them are worth that much which might only give you losses. Why have to choose Altcoins, instead of Bitcoin? Because if we take a look at their market performance, we can say that using Bitcoin in trading is potentially profitable.

Anyway, we all have different choices and it doesn't matter if we use Bitcoin or Altcoins but the most important is we are able to reach our goal.

[iamsheikhadil]

I think copy trading is very low risk as compared to own trading. Because you copy trade what an expert in trading does so you are paying a fee to them. It's more like brokers who recommends when to buy and sell. If one is new to trading and needs to learn more on it, they should practice copy trading and learn more on it instead of just putting money on predictions!

[sayaya17]

Yeah, there is a group of people who need a provider signal as you mentioned in the thread to save more time in trading and may be more practical because it does not spend much time analyzing coins and the state of the market.

But from experience that already using signal trading without analysis turns out to be ineffective because the signal given is not all accurate. So if to use a trading signal, we have to have our own analysis in trading because a trader still has to have skills in trading. That’s absolute.

[sambuddha]

Thanks for sharing such a great information friend. I have been trading on my own for a month and have so many losses. I wish I will get a good profit following the signals provided on that website.

Using trading signals is a road to nowhere. You need to learn trading yourself and have your own good trading system. This is a difficult path, but the only true one. Experience comes over the years, there is no need to rush. This is the only way to become an elite trader

[AjithBtc]

Thanks for sharing such a great information friend. I have been trading on my own for a month and have so many losses. I wish I will get a good profit following the signals provided on that website.

Using trading signals is a road to nowhere. You need to learn trading yourself and have your own good trading system. This is a difficult path, but the only true one. Experience comes over the years, there is no need to rush. This is the only way to become an elite trader

Trading signals can be considered as the initial point, because we don't get to see which cryptocurrency is moving high and low. Once we get to know about particular coin, we need to do our own analysis and make our further move. Here we need to be careful, because certain coins were under bot trading where we cannot do complete our trade. As said it is good to master ourself than depending on other services and signals.