Relying on someone else's signals

[libert19]

Does anyone have experience following someone else's signals? How did that work out?

I personally have belief that all signal groups try to make money of you rather than for you, whether it be through making group behind paywall later on, using group members for pump & dumps, using group for marketing, etc.

Has anyone here ever succeeded in following someone else's signals?

[$crypto$]

Many other people may have experienced participation in premium signals but about how it works is probably exactly what is talked about a lot in this forum, by being told to buy the newly launched tokens to bring in FOMO and to sell maybe there will always be instructions from the owner the signal is about when, so this does include the pump and dump made by them.

Now maybe it's crowded with coin memes and some of them might be eyeing a project like this, for members to buy meme coins that have been analyzed by them as their mentors.

I myself have never followed it so I have no experience of success or not.

[ethereumhunter]

Does anyone have experience following someone else's signals? How did that work out?

I personally have belief that all signal groups try to make money of you rather than for you, whether it be through making group behind paywall later on, using group members for pump & dumps, using group for marketing, etc.

Has anyone here ever succeeded in following someone else's signals?

I've followed trading signals from other people. It works by giving buy and sell signals and stopping losses that we have to follow. But unfortunately, it doesn't always work because there are times when the signal that is given misses what it gives, so some of us experience losses, including me.

And so is the pump and dump group where they give the name of the coin to be pumped but we have to be able to follow it at the right time when the name of the coin is mentioned. This is the most difficult because the time to buy the coins has to be right. Otherwise, we will buy too late and make us have to bear the loss. And since then, I have decided to learn to trade on my own and never depend on trading signals from other people. And even if I pick up on that signal, I'll look into it further for any other clues. So be careful if you want to join any trading signal group, whether paid or free.

[goaldigger]

If that signal group teaches you how to analyze as well then its a good one. We have here our local group where the coaches guiding you how to properly analyze the price trend and giving the signal at the same time.

You just need to find the real group that cares and not just about the money you paid for, signals are ok as long as you will also do your own analysis to confirm if it works for you or not.

[JeffBrad12]

Following signal will usually turns out to be success then later on the accuracy of these signals usually decrease, since there's ulterior motive behind after that, it's always like that.
so if you are following some signals just don't rely on it forever you should eventually make your own analysis.
after all, with your own analysis you will definitely could suit your investment to your preference and many more.
but generally these premium signals are good enough for newbies that don't even have any idea how to invests, it's better than just throwing away your money into some random investment.
because generally if it's premium signals usually it was given from good technical analysis and even it got information of events that's gonna happen so of course sometimes there's also nothing wrong in using trading signal.
that only if the trading signal is of good quality.

[blockman]

Does anyone have experience following someone else's signals? How did that work out?

I didn't but a friend of mine told me about this when we met all of a sudden and had a chit-chat and he said that they're all useless. He tried to join a lot of them knowing that he'll gain knowledge on how to trade properly but he ended up badly and losing money. It may not be the same story as the others but that's the reality he has talked to me about and he's no longer with those. Although, he's still into mentorship and courses that he's paying for and I'm not sure if he's doing pretty well now. Speaking for a friend of mine, that didn't worked properly for him and he's regretted that he's spent hundred of dollars into paying those premiums.

[shinratensei_]

If that signal group teaches you how to analyze as well then its a good one. We have here our local group where the coaches guiding you how to properly analyze the price trend and giving the signal at the same time.

You just need to find the real group that cares and not just about the money you paid for, signals are ok as long as you will also do your own analysis to confirm if it works for you or not.

true I think there are many coaching group that also gives signal, then that kind of paid for service is worth it mainly because not only they give you good signal in the meantime
they also teaches the fundamental of trading so basically not just giving fish but also teaching how to fish.

but stay away from some random signal group that only take advantages of its customers though there are many of them and sometime they also charge for relatively trash signal which just gonna mislead.
i'd say find signal that come from expert trading that already famous I think there are many but then again this is not financial advice.

[jacafbiz]

The issue about all these paid signal groups is that you will find out they don't actually trade themselves but either shilled their referrers or make you their exit strategy, people need to understand that it is very difficult to make money trading because it is zero-sum gaming don't buy into all these lousy influencers online shilling their profit, have you ever see them post their loss, No. The best strategy in the space is to buy low and sell high, anyone that buys now is surely going to make money just give it time.

[Yamifoud]

Does anyone have experience following someone else's signals? How did that work out?

I personally have belief that all signal groups try to make money of you rather than for you, whether it be through making group behind paywall later on, using group members for pump & dumps, using group for marketing, etc.

Has anyone here ever succeeded in following someone else's signals?

I have some experience with this but that was free since it was coming from my friend. I've noticed that with those signals I've got from him some have work and I earn a profit. This means that not all of these signals give me a favor and it also does to him as well. Now, if we think that relying on other signals is good, I would say that it was a good start and it is actually profitable if it comes from paid signals, that is something we need to be careful of. They are actually just good for you at the start but in the later part, they will give you the wrong signals.

[Slow death]

just think of it this way: is someone so good at predicting the price why would he be wasting time in giving signals when he could make a big loan and in a short time he would be very rich and would be traveling to all corners of the world? It just doesn't make any sense, what's been going on is this: these guys who keep calling themselves trading experts know they can't make money trading so what they do is lie to people, and people pay for the courses they take. proclaimed specialists in day trading do, so with the appearance of many people who buy the courses, they take these people's money and go to luxurious places

with that, people keep thinking that the guy who considers himself a specialist in day trade is actually making money with day trade, but in fact what the scammer is doing is taking people's money and using it to pay for his expenses with luxury things, never you must believe in this thing about signals, this is all a lie, if someone intends to day trade then learn to do it yourself, watch free videos on youtube, read free books and learn by yourself, do not hand over your precious money to these damn scammers who stay lying that they are day trade experts and charge for the signals they offer.

they offer free signals, just with the aim of attracting people to delete the paid signals, these free signals don't even hit it and then they lie to people telling them that they must pay to have the paid signal which is what will be right, it's all a lie

[bittick]

nothing wrong with rely with these signals but honestly it's like you are relying about your financial decision in other people which might have some consequences of making you lose your money eventually if the person you're relying don't have good intention.

[Oilacris]

If that signal group teaches you how to analyze as well then its a good one. We have here our local group where the coaches guiding you how to properly analyze the price trend and giving the signal at the same time.

You just need to find the real group that cares and not just about the money you paid for, signals are ok as long as you will also do your own analysis to confirm if it works for you or not.

true I think there are many coaching group that also gives signal, then that kind of paid for service is worth it mainly because not only they give you good signal in the meantime
they also teaches the fundamental of trading so basically not just giving fish but also teaching how to fish.

but stay away from some random signal group that only take advantages of its customers though there are many of them and sometime they also charge for relatively trash signal which just gonna mislead.
i'd say find signal that come from expert trading that already famous I think there are many but then again this is not financial advice.

Whats good about on following signals specially for free is that you could eventually learn on how they do show up their analysis on which you could really be able to apply it on your own and made out
some realizations on how you would really gonna deal with the market.Just like i said that its never been bad to join up on those groups as long you arent paying on something like sub fees or vip fees because its never been worth i would say. Relying on your trading activity is never been that good or something that referrable.

We know that if things turns out to be bad then we cant really blame out someone but rather only ourselves but if you are really that following on someones calls and signals then
you would really be mainly pointing out fingers into them. Just like i said that it wont really be that a bad idea on snipping out others analysis which could be applied to yours
and this would really be involving lots of trials and errors along the way on the time that you've been dealing with trading.

[Psynthax]

only follow these signals if you don't have any idea about the thing you are investing.
if you can make your own analysation that's good but i'm sure we can't be all knowing about the investment of ours.
therefore these signal could sometime help when we don't have any clue about the circumstance of the coin we invested in.

[Bitcoin_Arena]

Does anyone have experience following someone else's signals? How did that work out?

I tried doing this back in the day it's completely useless

1. "Free signals" are used to build group numbers
2. Once the group has so many members they start asking for subscription or make a VIP group for "premium signals"
3. The trick is they (owners of the group first buy the shitcoin) and then send the "signals" to VIP members to buy and afterwards post the signal in the bigger group.
People rush to buy due to FOMO, Price pumps and the signal providers dump off the shitcoins on those users in the free group
5. They post results of very good performance and the cycle continues on another shitcoin

The only way through trading is by learning how to trade and making technical analysis yourself.

[JeffBrad12]

you should try figure out the reason why majority of signal group aren't long lasting one, every one of them are build with some ulterior motive, only at their early creation that these signals are truly worthwhile.
meanwhile eventually they will just outright taking advantage of the other people that just joined in the group.
that's why so many are advising that you shouldn't just blindly follow these signal, you just need to verify whether the investment will be worth the time.
after all there's always chance you're being used for exit liquidity in which gonna cause massive loss towards your investment in general.

[TastyChillySauce00]

The most stupid thing to rely with someone else's signal. it's pretty much the same like you were entering the trap that already made by others. You will be only wasting your money. I have ever participated in this kind of signal and i were only getting lose but i have only used small amounts of money. It's caused by the owner of signal will be buying it before they will give their signal to you. That's pretty much the same like trapping you to buy high.

[JayTrain]

Following someone else's signals can be a hit or miss experience. While some individuals may have had success in following signals provided by others, it's important to approach such signals with caution. There have been cases where signal groups have been accused of self-serving motives, such as promoting pump and dump schemes or using the group for their own financial gain. Ultimately, relying solely on someone else's signals without conducting thorough research and analysis of your own can be risky. It's advisable to develop your own trading strategy and consider signals as one source of information rather than relying solely on them.

[Doan9269]

Does anyone have experience following someone else's signals? How did that work out?

You're free to follow anyone else signal, prediction or ideas as lomg as you're away of the risk involved and you're taking it for yourself, there's nothing too bad in learning how to read about those signals as well, they were not also born with it, they only sir to develop themselves in learning, you have the opportunity of the use of internet, or the forum here in learning, if you don't learn, will you continually go to them for more signals each time.

I personally have belief that all signal groups try to make money of you rather than for you, whether it be through making group behind paywall later on, using group members for pump & dumps, using group for marketing, etc.

Has anyone here ever succeeded in following someone else's signals?

Joining a group is not by force, it's a choice, some will even pay for it while they believe in whatever they were being told, well that's their own choice, it's their money at stake not ours.

[tvplus006]

...I personally have belief that all signal groups try to make money of you rather than for you, whether it be through making group behind paywall later on, using group members for pump & dumps, using group for marketing, etc. ..

As a rule, the owners of signal groups receive profit precisely through subscription, and not through trading. And if you carefully follow these signals, you will be able to notice that they are not so accurate anymore, and very often lead to the loss of the deposit. You can use such signals as an additional condition if your expectations coincide with the signal.

[Ojima-ojo]

Does anyone have experience following someone else's signals? How did that work out?

I have not followed any signal groups, or have I tried to follow someone else trading signal because I already know what the reality is with signal groups, most of them are inaccurate and most cases it's a scheme just to take money out of your pocket to service their own personal greed, when it comes to trading most especially in altcoin, one need to just rely on the analysis of the current market because relying on a signal service is risky and expensive to subscribed to at some point

I personally have belief that all signal groups try to make money of you rather than for you, whether it be through making group behind paywall later on, using group members for pump & dumps, using group for marketing, etc.

Has anyone here ever succeeded in following someone else's signals?

The answer is NO for me, and from experience of others, following A signal group is a waste of time since and you have to gamble with your capital if you relied on signal services.