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Author Topic: who would you trust?  (Read 1254 times)
jostorres
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February 16, 2023, 09:32:59 PM
 #101

Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?
This question could be asked of any profession. Like for example would you trust a 60 year old with nearly 45 years of experience on blowing gas and making something, or would you trust a 30 year old with 10 years experience?

In one of them, you get the experience and the craftsmanship but with a bit of bored for doing it this long, plus old tech and the way they learned how to do it, with the other you get a newbie compared to other one who doesn't know and perfected it yet, but has the highest tech available and knows all the new methods to make it even prettier. This all depends on the person, there are 30 year olds better than some 70 year olds, and there are some 70 years better than some 30 year olds. We do not have an exact answer, because it depends on each individual and not as a whole thing.
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February 16, 2023, 09:41:17 PM
 #102

Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?
None of the above i would say on which there's no one could really be able to predict up the price on where this market would be going on which even yourself could really make out such speculation and approach without needing to rely on others signals or speculative approach too.It is really just that these fellas are just been hyped up just because they had really increased out their popularity.Somehow it wont really be that
bad on snipping out some idea out of these people because we cant really be that so sure sometimes on what we are really that doing.Getting some idea isnt that bad as long you arent
really making yourself that relying on them 100%.
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February 17, 2023, 12:14:47 PM
 #103

Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?
In contrast to new traders who may jump on trading trends to make quick money, someone who has been trading for a long time has old experience with trading and would have created some sound strategy, tips, and tricks for the market. Whilst certain tactics may occasionally shift, others stay steadfast. The reality is that while it is a good idea to rely on someone for a trading plan, whether it be new or old, the best course of action is to learn from both. Like I previously stated, a beginner trader would be able to use technology successfully and capitalize on some trading trends, whereas an experienced trader may have built a sound plan, tips, and tricks for the market.

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February 18, 2023, 12:58:53 AM
 #104

Trading is one thing which is not stable at all times. Though we have multiple methods of analysis, different bands, sticks, and everything any trade at any given time can change its direction based on various factors. It all depends where you stand in that particular trade and what’s your current position. If it’s in the direction of chart we are good, if it’s opposite things gonna get crazy.

I think it would be risky to rely on someone or blame someone afterwards if their analysis failed for above unstable reasons. Trusting someone else with your own money is always risk and no one can guarantee you profits. That’s how it works.
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February 18, 2023, 03:44:20 AM
 #105

Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?

I'm sure you already know who to trust because I personally don't see any reason trusting a newbie trader just simply because his burning hot and a strategy is working for him, I'm sure such a person doesn't have much knowledge about the market and if I'm to trust another with my trading decisions then it will have to be the old trader and I have a principle of low and steady winning the race and I always tell me that trading isn't about making rash profits but how long one will be able to keep winning (consistently making profits).

 
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February 18, 2023, 04:07:07 AM
 #106

Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?

I'm sure you already know who to trust because I personally don't see any reason trusting a newbie trader just simply because his burning hot and a strategy is working for him, I'm sure such a person doesn't have much knowledge about the market and if I'm to trust another with my trading decisions then it will have to be the old trader and I have a principle of low and steady winning the race and I always tell me that trading isn't about making rash profits but how long one will be able to keep winning (consistently making profits).

Old traders have that experienced that you can use as the basis when following their strategy,

though there are always adjustments that they can perform during the actual trade where followers can't see it coming.
As usual, traders always follow some patterns when they are dealing with their trades.

Both new traders and old-time traders are working with how they can make some good outcome when they place their position during the trade.
More on your appetite if who will be the one that you think that fits with your own strategy, your final decision is still on your own.
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February 18, 2023, 04:30:15 AM
 #107

Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?
In contrast to new traders who may jump on trading trends to make quick money, someone who has been trading for a long time has old experience with trading and would have created some sound strategy, tips, and tricks for the market. Whilst certain tactics may occasionally shift, others stay steadfast. The reality is that while it is a good idea to rely on someone for a trading plan, whether it be new or old, the best course of action is to learn from both. Like I previously stated, a beginner trader would be able to use technology successfully and capitalize on some trading trends, whereas an experienced trader may have built a sound plan, tips, and tricks for the market.

We can compare it with the beginner; he knows how to use technology, but there is not much experience in the market, which is prone to errors, whereas the old man, who does not really know how to use technology as he uses traditional methods, still works, though it takes more effort and time, and also has a lot of experience. Getting both or learning from them is best, as you will double your knowledge, unlike having to be one-sided. It doesn't matter if you are new or old in the market; as long as you are open to both, then for sure you'll come up with a great idea.
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February 18, 2023, 05:06:16 AM
 #108

Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?

I'm sure you already know who to trust because I personally don't see any reason trusting a newbie trader just simply because his burning hot and a strategy is working for him, I'm sure such a person doesn't have much knowledge about the market and if I'm to trust another with my trading decisions then it will have to be the old trader and I have a principle of low and steady winning the race and I always tell me that trading isn't about making rash profits but how long one will be able to keep winning (consistently making profits).

sometimes beginners just rely on their little knowledge and lucky streak. and assume they are already very skilled in the trade.
No matter how long you are in the market to trade, it certainly provides a better experience than a beginner coming up with a new technique to trade that may work or is just speculation.
most importantly, we as traders must continue to develop our skills to survive in market conditions that are always changing. there will always be new knowledge that we can learn.



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February 18, 2023, 05:48:18 AM
 #109

I will trust the Old trader that passed through so many challenges in the market with many strategies to overcame such challenges in the community. He or she have a lot of experience concerning crypto trading and how to make a huge amount of income in both long term trading and short term trading which he or she is used to such strategies and he or she is fully ready to impact new traders in the community. I will not trust new trader because, he or she has not pass through many bearish season in the community which he or she don't have more potential experience like old trader that passed through so many bearish season to achieved a passive incomes at the end of the investment.

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February 20, 2023, 09:09:52 AM
 #110

I will trust the Old trader that passed through so many challenges in the market with many strategies to overcame such challenges in the community. He or she have a lot of experience concerning crypto trading and how to make a huge amount of income in both long term trading and short term trading which he or she is used to such strategies and he or she is fully ready to impact new traders in the community. I will not trust new trader because, he or she has not pass through many bearish season in the community which he or she don't have more potential experience like old trader that passed through so many bearish season to achieved a passive incomes at the end of the investment.

But there are also many veteran traders who lose more than they gain and many better-minded new traders who can also make good profits. I will not choose your way, but I will look at the results and profit they get from trading. The one who earns better profits is more trustworthy. But trust here is not to trade based on the signals they give us or give them money to have them trade for us. Let's learn knowledge and experience from them, no one can be trusted in this market but ourselves.

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February 20, 2023, 02:09:12 PM
 #111

I will trust the Old trader that passed through so many challenges in the market with many strategies to overcame such challenges in the community. He or she have a lot of experience concerning crypto trading and how to make a huge amount of income in both long term trading and short term trading which he or she is used to such strategies and he or she is fully ready to impact new traders in the community. I will not trust new trader because, he or she has not pass through many bearish season in the community which he or she don't have more potential experience like old trader that passed through so many bearish season to achieved a passive incomes at the end of the investment.
You can listen to their experiences but you cannot trust any "pick" that they might have to offer. Because in a speculative market, one person's loss is another person's gain and therefore you can only trust yourself when taking that decision, besides it is your own money that you are putting at stake.

Someone might be a new trader here but they may have experience in other markets which you might be unaware of so never underestimate any person.

While older traders mostly make money by promoting their own products and courses you will rarely see new traders doing this. Because they have understood that such methods of making money are less more consistent, obviously selling books is way safer than actually trading.

 
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February 20, 2023, 02:38:54 PM
 #112

Agreed i also think that own experience from old traders is most useful for trading even after getting some ideas from old traders it is not fully effective. Crypto trading is always changing no one can tell when the market will turn in any direction therefore, it is always better to follow the market and proceed based on your own experience for trading or investing. Own strategies are helpful for new traders also long term investments are less risky.

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carlfebz2
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February 20, 2023, 11:30:02 PM
 #113

...
Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.
Spot trading is actually suitable for newbies. And even I was in trading for many years, I was still Opt to take this rather than trying Future trading because I was already comfortable with this. It was not wrong to take Future trading but must take note the higher risk involve which could cause big losses. It is indeed we need to prepare ourselves very well if we have plan for this. We don't need to hurry, we can go over there as long as we have carried enough trading knowledge and market experience.
When you are just starting then it would be always a good advise on sticking with spot until you do able to make yourself that learn from basics until on intermediate.Even on becoming having the experience where people

do tend to jump into futures which i dont really see for it to be that safe specially for newbie or even to those old traders.Make yourself that learn along the way and it wont really be a smooth sail ride.

Just dont make yourself in a rush because this would really be creating that kind of desperation which would really be creating more mistakes and bad decisions.
Stick with spot and make yourself on having a good grasps to it.

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February 21, 2023, 03:26:29 AM
 #114

I will probably take and study tips from both. we know that veteran traders also have skills, strategies, as well as long experience. if they have been successful in the world of trading, then their tips are worth a try. although the flow of trade is always changing, there are patterns that cannot be changed, such as rising and falling prices, things that can make prices go up and down, and so on. So, I think that long-time traders have useful tips, especially if they have been successful.

However, if new traders have proven their strategy, and have also been successful, then their tips are also very valuable to have. We can take the tips they give and try them one by one or combine them with the techniques we have if we have them. Also, if you feel like their tips won't work for you, then don't take them. I'm sure the many tips, there will definitely be useful.

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February 21, 2023, 04:44:14 AM
 #115

I will suggest that you should share your work with others and then ask them about their work and experience. An expert will always give you good suggestions but copy their strategies sometime become dangerous for you so in my opinion get knowledge from everyone and then think with patience that whether it can give you advantages or will destroy your all profit.

Getting knowledge is not bad but trust everyone and copy them without any realization can make you hopeless. Always make decisions according to your own method, mind, your holding coin and your revenue.



 

 

 

 

 

 


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fullhdpixel
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February 21, 2023, 09:08:39 AM
 #116

I will suggest that you should share your work with others and then ask them about their work and experience. An expert will always give you good suggestions but copy their strategies sometime become dangerous for you so in my opinion get knowledge from everyone and then think with patience that whether it can give you advantages or will destroy your all profit.

Getting knowledge is not bad but trust everyone and copy them without any realization can make you hopeless. Always make decisions according to your own method, mind, your holding coin and your revenue.
The reality is that we shouldn't really be worrying about what we could do ourselves, it's about how we could be getting more and more feedbacks on how to improve us. We are not competing with others, we are competing with ourselves to become better than who we are.

In order to do that, sometimes you get terrible feedbacks from idiots, sometimes you get amazing feedbacks from masters, and you need to be able to see the difference, if not at least give it a try and test them to see if they are good or not. I have done this, and it has helped me immensely to become a better. I am who I am today thanks to all of the critique that I got from people.

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Pandu Geddon
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February 21, 2023, 09:47:56 AM
 #117

I will suggest that you should share your work with others and then ask them about their work and experience. An expert will always give you good suggestions but copy their strategies sometime become dangerous for you so in my opinion get knowledge from everyone and then think with patience that whether it can give you advantages or will destroy your all profit.

Getting knowledge is not bad but trust everyone and copy them without any realization can make you hopeless. Always make decisions according to your own method, mind, your holding coin and your revenue.

even with people following the trading methods or techniques of an experienced one, we also cannot have the luck to be profitable.
make knowledge from other people's experiences as learning and knowledge for us to do analysis and trading techniques that we can improve ourselves.
some traders want to learn everything on their own. do not even want to listen to others. and he wanted to seek success. and conversely, some successful traders hear lots of stories from other people's trades. sometimes other people's experiences also give us an advantage when we make decisions in trading planning.

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bettercrypto
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February 21, 2023, 10:16:27 AM
 #118

     As long as you can make a profit, that's okay with me of course. They both have a method that can help us, so I don't see anything wrong with either of the two because the method you tell two people, one old and one new, is that both have a good knowlede in trading.

Therefore, we have no choice here as either of the two benefits us as an individual trader.

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February 21, 2023, 01:33:21 PM
 #119

     As long as you can make a profit, that's okay with me of course. They both have a method that can help us, so I don't see anything wrong with either of the two because the method you tell two people, one old and one new, is that both have a good knowlede in trading.

Therefore, we have no choice here as either of the two benefits us as an individual trader.

If seeking to earn decent money,

then I go with you with your opinion, both new and old timer traders have their own ways of making money from this market,
 
following whatever they are practicing might work as well as long as you know how to research and study things
that will help your investment succeed. It's not easy, but it's possible to earn something good when you do have
patterns to practice and try if that will work for you.
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February 21, 2023, 04:46:27 PM
 #120

The cryptocurrency market is constantly changing, strategies that show profit are changing with it.
But I believe that there are strategies that are always applicable, it all depends on the value of the cryptocurrency pair:
1) the strategy of pending orders for large periods (month and year) and waiting for their execution is applicable to low volatility pairs like Bitcoin/USD.
2) to high-volatility pairs, like new altcoins: trading within a weekly period.

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