Trading Signals vs Own Analysis

[ethereumhunter]

1. No one can generate signals with a 100% accuracy.
2. When the winning percentage is 80%-90%, we have to make use of all the signals to get that percentage.

Indeed, no one can generate signals precisely and we must realize that by trying to analyze it ourselves. Maybe we can take signals from other people for us to analyze again so that we can find more useful information for us. The signal will only be useful for the person who analyzes the signal while other people will not know how the signal can provide an opportunity for them to make a profit. Maybe the signal can be useful for other people but that won't guarantee that the signal will be useful for us. That's why we must be able to learn to analyze ourselves to determine the position of entering and leaving the market.

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[ScamViruS]

In the past, what I did was joining 2-3 signal groups and buy/sell according to their instructions. However, I realized 2 points.

1. No one can generate signals with a 100% accuracy.
2. When the winning percentage is 80%-90%, we have to make use of all the signals to get that percentage.

Trading signal groups often provide random signals, so they base their success rate on the number of successful trades among those random signals. By doing this, those who join such trading groups can never make regular profits, because it will not be possible to trade in all coins by following those signals, for this, big funds will be needed. So it is not possible to become a successful trader by joining a trading group, rather you should rely on your own analysis and develop trading skills.

[lalabotax]

I ma not that good in analyzing the market. That is why sometimes I am using trading signals from several groups to help me. But, I ever used them for 100% tarding activities. How is combining both of them? Own analysis and also trading signa.because msotly, I am not really sure with my own analysis, ahha

[South Park]

In the past, what I did was joining 2-3 signal groups and buy/sell according to their instructions. However, I realized 2 points.

1. No one can generate signals with a 100% accuracy.
2. When the winning percentage is 80%-90%, we have to make use of all the signals to get that percentage.

For example, if the results are
1-Win
2-Win
3-Loss
4-Loss
5-Win
6-Win

and we only take 3,4 and 5 trades, we are in a loss. Therefore, now I am not doing trading all the day. When I am free, I spend some time to analyze the charts and find some opportunities to enter the trades. Please share if someone has a different story.

Do not rely on signals for your financial future, there is a reason why the money manager profession is a thing, and that is because the circumstances and goals of each person are different, you cannot possibly believe that a bunch of simple instructions like signals are enough to help you, stop wasting your time and instead dedicate your time to learn how to trade on your own as it is the only realistic option you have of making money on the markets while you trade them.

[Franctoshi]

In the past, what I did was joining 2-3 signal groups and buy/sell according to their instructions. However, I realized 2 points.

1. No one can generate signals with a 100% accuracy.
2. When the winning percentage is 80%-90%, we have to make use of all the signals to get that percentage.
and we only take 3,4 and 5 trades, we are in a loss. Therefore, now I am not doing trading all the day. When I am free, I spend some time to analyze the charts and find some opportunities to enter the trades. Please share if someone has a different story.

Even with you trading yourself, you also cannot guarantee yourself a 100% wining rate. I'v joined a signal group that their wining rate is good, about 80%-90%. However it just depends on you which one suits you, Whether if you have time to trade or not, if you don't have time joining a profitable signals group seems to be best option here, but believing your own trading strategy is simply the best, if you have become a profitable trader than relying on copying other people's trade, and where the disadvantage is that you are dependent on the signal to trade, whereas not so when you make your own analysis and trade yourself.

[shinratensei_]

generally trading signal worth it if you have no idea how to make some analysis in regard of the coin you going to invest in, so it's definitely better than if you've got no clue and still jump in anyway.
it's even better if the trading signal is of high quality meaning it got some real information in regard of the events a project gonna held so it got better rate of being accurate, i'd say if you can do your own analysis and seeing from your history of analysis that it shows you've got quite good rate of accuracy meaning you scored profit quite often then your own analysis is definitely the way, otherwise if it shown that your history of investment based from your own analysis showing that you always incur losses then I guess settles for the other option.

[bettercrypto]

In the past, what I did was joining 2-3 signal groups and buy/sell according to their instructions. However, I realized 2 points.

1. No one can generate signals with a 100% accuracy.
2. When the winning percentage is 80%-90%, we have to make use of all the signals to get that percentage.

For example, if the results are
1-Win
2-Win
3-Loss
4-Loss
5-Win
6-Win

and we only take 3,4 and 5 trades, we are in a loss. Therefore, now I am not doing trading all the day. When I am free, I spend some time to analyze the charts and find some opportunities to enter the trades. Please share if someone has a different story.

Such styles that join signal groups in trading are for me a nonsense. I've even seen influencers on youtube who make content like this to show that signal groups are real.

     I'm not satisfied with such things actually, you can't learn from that if you enter a trading. It's like what used to be like a child who was fed food and when his mouth was empty he would be fed again. If we are already able to tempt ourselves, why should we let them tempt us, that's called laziness.

That's why our own experience is still good for us to do so that we can learn and feel our own effort to earn in a traditional activity.

[Obari]

Most times you shouldn't focus more on the negative and there isn't any chances that you will have to pick the loss ends signals from a trading signal group, you would have also thought of a situation where you would be in the trade at 1,2, 5 and even 6  and may you in one way or the other skipped being part of the two losses on 3 and 4.

I prefer to have my own trade done by myself and I also take out more time to study the chart and find any slightest spot for me to hup on trade  and I prefer doing things by myself so as not to blame anyone when the losses come.

[GreatArkansas]

In the past, what I did was joining 2-3 signal groups and buy/sell according to their instructions. However, I realized 2 points.
(....)

For traders, both their own analysis and trading signals can be helpful tools. Your unique situation and trading style will determine the best course of action.
I experienced this also, where before I do enter a trade that came from a trading signal, I am verifying it first and try to analyze it first as my second opinion.
While some traders may prefer to conduct their own analysis exclusively, others may prefer to use trading signals as a starting point.

[TheGreatPython]

we only take 3,4 and 5 trades, we are in a loss. Therefore, now I am not doing trading all the day. When I am free, I spend some time to analyze the charts and find some opportunities to enter the trades. Please share if someone has a different story.

Following the signals of people from signal groups is never a good practice, and it can cause you badly if you are not careful and not doing any analysis of your own before taking any positions. Even if you join a group and follow the signals, you should first do your own research and analysis before blindly following them.

If you don't know how to do analysis, you should learn first, starting from the basics and then moving to the advanced techniques and chart reading patterns. If you are a long-term holder, you don't need to go through any of that.

[armanda90]

I don't think worth with trading signal due my experienced have been three years joining almost ten kinds signal premium group, all group sharing signal when price have been up and never share when lower price. I don't know about other signal group did the same thing or not but dominance with my previous signal group sharing after price pump.

Actually late and not have chance yet to earn profit although entry when first time sharing by the admin, better research by our self and we not spent much money every month for paying them without having accurate signal and always said to us "DWYOR" Do Your Own research. I don't know what for joining signal premium if still need to research by our self?

[gabbie2010]

In the past, what I did was joining 2-3 signal groups and buy/sell according to their instructions. However, I realized 2 points.

1. No one can generate signals with a 100% accuracy.
2. When the winning percentage is 80%-90%, we have to make use of all the signals to get that percentage.

For example, if the results are
1-Win
2-Win
3-Loss
4-Loss
5-Win
6-Win

and we only take 3,4 and 5 trades, we are in a loss. Therefore, now I am not doing trading all the day. When I am free, I spend some time to analyze the charts and find some opportunities to enter the trades. Please share if someone has a different story.

Your ability to learn how to trade and analyze charts will in a long run validates those signals obtained from your group atleast you will have the ability to filter some of the bad trades, however you needed to subscribe to just one group and avoid joining plenty signal groups to prevent conflicting signals with your own, moreso learning and trading yourself gives more confidence than relying on signals alone, obviously you will learn Price Action and price history and candlestick patterns because do repeat itself, although learning all trading skills isn't easy however in the long it really worth leaning.

[Tony116]

I ma not that good in analyzing the market. That is why sometimes I am using trading signals from several groups to help me. But, I ever used them for 100% tarding activities. How is combining both of them? Own analysis and also trading signa.because msotly, I am not really sure with my own analysis, ahha

I'm not good at technical analysis either, but I don't trust anyone in this market, I think those groups are created for no second purpose, what they want is our money. So I would rather not trade, absolutely never trade the signals of those groups.
If trading is not your forte, be a long-term holder, you shouldn't force yourself to do things you're not good at and could cost you money. Instead of trading regularly, I find another job to earn extra income and long-term investment. By such a combination, my income is not too bad either.

[nur rochid]

no one can analyze perfectly, losing and winning are commonplace when we trade. the most important thing is that we can achieve our target portfolio properly. instead of us continuously following group signals, it would be nice to make our own analysis and monitor our trading progress, so that later we will become pro traders. indeed at first it is not the money we are looking for, but in its development the money will follow along with our shrewdness in trading

[Similificator]

In the past, what I did was joining 2-3 signal groups and buy/sell according to their instructions. However, I realized 2 points.

1. No one can generate signals with a 100% accuracy.
2. When the winning percentage is 80%-90%, we have to make use of all the signals to get that percentage.

For example, if the results are
1-Win
2-Win
3-Loss
4-Loss
5-Win
6-Win

and we only take 3,4 and 5 trades, we are in a loss. Therefore, now I am not doing trading all the day. When I am free, I spend some time to analyze the charts and find some opportunities to enter the trades. Please share if someone has a different story.

Hey, there's really nothing wrong in joining signal groups only if you utilize them well. And by utilizing them well, I mean not relying solely on them like how a dog follows its owner. Being in different signal groups especially the premium ones gives anyone a huge advantage in terms of finding the right techniques and styles that suits your personality and schedule. Like which time frames makes you feel more comfortable, fits your schedule, which indicators feels comfortable to use for you, portfolio arrangements, plans, etc., etc. The main point is, don't look at signal groups as a profit feeding machine but instead, see it as a treasure chest filled with new skills and techniques that you can learn and add to your own arsenal to better yourself in the trading industry. Nothing beats the feeling of confidence from your own TA and the sense of fulfillment at every win you achieve, big or small.

[cute nmp]

Don't think it is a good idea to rely on any trading signal.I have paid for such signals twice and none of them work for me,end up loosing my money and my trading account.It is better for one to analyse your own chart with the knowledge you have and find the best trade setups in the market.

[Stable090]

If you want to be a real trader, you have have to seek for trading signals, believe in yourself, run your analysis yourself and don’t depend on anybody for trading signals. If you keep on using trading signals, what will happen when those signal providers are no longer available? And to be honest, most signals are fake, most of them are just guessing and they don’t care if the signal is correct or not, we should learn to do analysis ourselves.

[tjtonmoy]

~snip

If you are trying to learn trading and want to keep trading in the future, then never follow other people's signal. That way, you are just copying like a mindless robot and not learning anything at all. What happens if you lost the access to that group at some point? Will you be able to trade on your own? I think not. Trading is fun, if you can master it.
Don't follow others, create your own strategy and learn as much as you can.

[Mahanton]

When I am free, I spend some time to analyze the charts and find some opportunities to enter the trades. Please share if someone has a different story.

This is the key on which you shouldnt really be making yourself that minding about entering trades consecutively considering that not all the times would really be the best time for someone to enter the market.
The most common mistakes to those people is that they dont really like to miss up something and even if its not the best time to enter the market, they do such thing because they are minding that they might
be missing out something which is really wrong.

In speaking or talking about trading signals or analysis then it would really be that depending on which one fits out.If you could combine then do it and see for yourself
whether it is really that effective or not.

[goaldigger]

Joining signal group will make you realize that you are just wasting your money by following them, because having your own analysis are much better since it works with your own timeline and your own strategy. If you are already learning how to trade on your own much better. There are a lot of signal group that fails along the way, their purpose is different and not to help those traders, stay away from any signal group and just focus on learning how to trade effectively, this can be more profitable if ever.