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Author Topic: What do you really need in your trading?  (Read 1481 times)
TimeTeller
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October 31, 2020, 11:01:18 PM
 #81

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 Cool
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.

I won't trust site for trading signals as well even those free or paid trading signal groups.
It will bring you to much more losses. Maybe if you do really want to try following them, just follow those free groups first.
And check out if it will really give you advantage in trading.
But better learn trading on your own. Start small and study also the coin you want to trade with.
You can get hints from their social media channels on what's going on with their platform.
Along the way, you will gain tips and strategies that you can use in other coins.
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November 01, 2020, 05:27:04 AM
 #82

Trading and a job where you should always be up to date on every price rise and fall etc. Technical charts, tables, updated news, etc. should be at hand which will help you to identify the market trends. Take a good look at the situation where you don't want to be in a situation where your trading instrument can't be completed due to some delay in the equipment of your business and because it is getting old it is very important for trading to use the latest updated technology with your own knowledge and skills.
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November 01, 2020, 09:42:43 PM
 #83

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 Cool
Yeah true but there are actually some good groups on telegram but they are mostly paid and 98% are scam and only 2% are real so it is hard to find them but I do know a few good ones so I cannot agree that all are fake and worth it, some are worth it but you have to find them and no one shares their source either, with time you just get those if you are determined.

Trading and a job where you should always be up to date on every price rise and fall etc. Technical charts, tables, updated news, etc. should be at hand which will help you to identify the market trends.
Having the right tools is as important as having the right news because I got the news from someone that Paypal is going to allow purchase of bitcoins and some major altcoins and I knew the price would be going high in coming weeks and so it went. But since I don't have money to invest, I didn't buy although that is how traders and investors work.
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November 01, 2020, 09:57:44 PM
 #84

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.
I always take all the possible signals from various free groups and then compare them to my own estimation so that is how I use the market signals instead of blindly following them and facing loss it is better to use them as a tool to estimate your understanding and if all the groups are saying DOWN and you are thinking UP then you might be wrong and it is better to take a pause, that is how I proceed. If my signals and analysis matches the signals from these groups I just go ahead and proceed with the trade.

I hardly ever trust these groups though, must be said clearly, most of these signal group admins will delete their signals if they are wrong and edit with wrong information so I don't know how good they are but to have my own analysis backed with something I use them.

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November 02, 2020, 09:58:35 AM
 #85

What is really needed for trading ourselves is not the tools or any impact of anyone else. Considering trading is a job that requires high skills, continuous learning and updating, that is the most essential thing.
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November 02, 2020, 11:33:05 AM
 #86

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.
Definitely I do not need any such services Tongue. I am ready to spend all my time and efforts for my trading as long as I am profitable with cryptos. If you are not able to be profitable then why you stick with trading after all; I mean there will be no point of arguing about spending time on something which is supporting our life with extra income stream. So, trade cryptos if it remains profitable and then you never need to worry about all other consequences of trading.

opportunity signal + your own trading strategy
Mixing up signals of signals which are from more than one source will lead to confusions some times. Because, there is a famous saying like all the price levels are good to enter and same is true to exit as well. It means some strategy will ask you to enter and some other strategy may ask to you exit around that price level and in the end of day both strategy may turn right and profitable.
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November 02, 2020, 04:04:18 PM
 #87

What is really needed for trading ourselves is not the tools or any impact of anyone else. Considering trading is a job that requires high skills, continuous learning and updating, that is the most essential thing.


What we need only learning from many lessons which can help us to improve our skills in trading. Once we can analyze better than before, it will not difficult to find the time to enter the market and select the right coin. We can not say that the lesson stop once we can be a pro trader because the pro trader must learn more to improve their skills. We need to learn many more lessons because the lesson will always change based on market situations.

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November 02, 2020, 04:27:22 PM
 #88

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

1. copy trading can also be helpful if your going to copy best traders  . they know what they are doing to avoid the risk  of loosing .

2. bot trading can be helpful too if you will pick the best bot out there in the market . best bots are not faulty and are built to aid the trader . they will follow what you have set to them

3. to avoid feelings and time waste , you can use the number 2 in the list which is trading bot . this is the purpose of them and you can also use the number 1 together with a bot to get the best results .
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November 02, 2020, 04:33:24 PM
 #89

I always take all the possible signals from various free groups and then compare them to my own estimation so that is how I use the market signals instead of blindly following them and facing loss it is better to use them as a tool to estimate your understanding and if all the groups are saying DOWN and you are thinking UP then you might be wrong and it is better to take a pause, that is how I proceed. If my signals and analysis matches the signals from these groups I just go ahead and proceed with the trade.

I hardly ever trust these groups though, must be said clearly, most of these signal group admins will delete their signals if they are wrong and edit with wrong information so I don't know how good they are but to have my own analysis backed with something I use them.
Seeking info about trading signals is of course a must because in everything they say is also true but sometimes we don't believe me because they might be making a pump to throw away again because that's what they do for the premium signal community but for me that's not very convincing.

With what I analyze, of course there will be different views but the decision must be right where we correct in the trade that is being carried out, I know many are doing this but it is difficult to guess where the tokens we are trading will go.

R


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November 02, 2020, 09:55:19 PM
 #90

Trading by yourself is not always fueled by emotional imbalance and it is also not just a waste of time. It is putting time and effort as well as developing your skill and strategy on your own that every trader have been doing for so long up until now. Even there is already existence of trading bots, still trading by yourself is my best choice to be done for it is a best feeling gaining through the efforts you have spent on doing your trades. Also, it depends upon the trader if he will put into trade the emotional drive due to pressure that will surely affect the way he conceptualize on how his trades will be going. Personally as a trader, I am just trading by myself always checking upon the market as well as the news for there is an affection between the market and the happenings within the society. A good trader is being developed by time and experience alone so trading by yourself is still the best option for me to be done.

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November 03, 2020, 12:07:55 AM
 #91

At this time you may in these ways:
1. Copy trading (High Risk)
I have heard that the promise of copy trading for you to get more profit is completely wrong. Read a review about it and most of the reviewers tell us that they lost money more than they did by themselves. Would not recommend copy trading by any chance because you won't learn anything from it.

2. Bot trading (Not under control)
You may lose more if you use bot trading, because it's not your under control.

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cryptolord2077
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November 03, 2020, 04:20:19 PM
 #92

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 Cool

This is not a road to nowhere. Trading signals from truly serious traders can be a great help for you to start your own training.
In addition, experienced traders can explain their actions to you, which will lead to faster learning. Always look at the cost of signals of this kind, it should not be expensive but not too cheap.
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November 03, 2020, 08:17:17 PM
 #93

Absolutely, no thanks.  Grin

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.  Wink
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.
I have the same opinion but most people do not want to do this and this is because learning how to trade is hard, you will need to at least dedicate a year to learn how to trade and that is if you are dedicated if you are not you will need a longer amount of time and people do not want to wait that long, after all many of the ads they see over the Internet talk about all the money they can make in this market not understanding that money comes from other traders and the only way to obtain consistent profits is to outsmart other traders constantly and that can only be done if you know the markets better than they do.

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Emitdama
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November 04, 2020, 06:40:04 AM
 #94

2. Bot trading (Not under control)
You may lose more if you use bot trading, because it's not your under control.
Bot trading is one thing I never tried, and I don’t think I will be trying it in future, I have never been interested in it for once, because people who claim to make use of it are never open with their opinions as to whether it works or not, but a lot of people have said they are very risky and can even be worse.

Although I have also seen people who say that you have to properly set them before they work, and you don’t just set it once and leave it, you will keep on resetting it every time depending on the market condition. Then as for copy trading, I think if there are professionals around that you can copy, then it will probably be a good idea.
BitcoinTurk
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November 04, 2020, 08:01:30 AM
 #95

I think that knowledge and experience are all that is essential to trading or trading in the cryptocurrency markets. When the analysis is done in a knowledgeable and experienced way instead of using many signal algorithms or similar things while trading, there is absolutely no need for another auxiliary product. In other words, I think a good level of technical and fundamental analysis knowledge will be sufficient to trade and that this information can be successfully traded.

On the other hand, it will be worth noting that those who trade as I mentioned will trade with less stress. I don't think there is a need to copy other traders 'trades, use assistive algorithms, and trade with others' ideas.
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November 04, 2020, 12:21:59 PM
 #96

In doing trade in cryptocurrency, it is much better to learn in our own experience rather than copying other style in trading although there's nothing wrong with it. But like what I said learning in our own experience is the best tools and way for us to improve ourselves to earn big in the future dude, just simple as that.
peter0425
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November 04, 2020, 12:59:17 PM
 #97

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!
Signals has been Done years ago when they spread Shits all over the community and Giving BS Signals for their Telegram members and even those paid one?still brings nothing but BS.
What is really needed for trading ourselves is not the tools or any impact of anyone else. Considering trading is a job that requires high skills, continuous learning and updating, that is the most essential thing.

and try believing your Instinct at some point.









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happen or be a part of it"

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BTCappu
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November 04, 2020, 07:13:14 PM
 #98

I am having hard time staying calm with the actions itself, not the aftermath, which is really something rare and new because I wasn't like this. I have been involved with crypto for a long time now, and I have traded before, not a lot because I am mainly an investor but I have traded here and there time to time because it was fun plus I worked with a trading bot company before as well (sales) so I know one thing or two about trading.

However when it comes down to today, with all the uniswap and tokens and defi and many other trading using metamask, all of those scares me and confuses me and I can't stay calm. Unfortunately I have been doing not so well as a result. Hopefully I am going to keep insisting on learning, not focusing on profiting, and when I feel more comfortable I could maybe do better.

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Bisq Market Day - March 20th 2023


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November 04, 2020, 08:32:25 PM
 #99

Since covid-19 came on board i find it difficult to make a good profit from my trade. Many investors are complaining about a particular project which is not too stable in the market since covid-19 came to collapse world economy.
Every trader want to be coming home with a good smile,that will show there is something good happen in the market. Market is on predictable sometimes, because most trader always think every day is a Christmas not knowing that,trading is either you gain or you loose.
Am still watching the market if the market will still increase more than this, for me to supply to market. According to my research bitcoin will still improve more than this soon. 

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DarkDays
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November 04, 2020, 09:43:52 PM
 #100

I don't need any signal provider.

And if there's one strategy that I will be used in trading, I'll stay with the common style through trading alone with my control. It's very effective on my end and I don't have to follow any other's advice although I listen and collect information that I see which will make the market possibly moved.

Copy trading is popular in etoro but I've heard that this isn't that effective, in the long term somehow it is but not for me.

Only newbies might be tempted to get these signals not established traders, and this is the point made above.
When you don't know what you're doing it. makes sense to copy trading from others or use signals that people can subscribe to but when the market is so unpredictable can you even rely on others to pick up the right signals? I think not.

In my opinion, you can't call yourself a trader if you yourself don't have the ability to judge the market on your own, in this manner you'll never get it and wlil always have to rely on other at your own expense. Just doesn't make sense, specially if you're in for the long-term. Best to learn your own way, through good and bad.
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