Trading on your own vs social trading and copy trading

[david678345]

I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

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[Oshosondy]

I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

Trading on your own is the best but you can try signals and see how they only care about their pockets. That would be when you will realized that there is nothing better than to have the knowledge and experience about how to trade on your own. But it is important for you not to use more than the amount of money that you can not afford to lose to trade.

[carlfebz2]

I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

Not really that necessary for you to follow someone in regarding with those signal trades because you wont really be making yourself that knowledgeable because you are really that too relying into those informations
that you do able to get from other traders. Whereas , you could really be able to learn for yourself and nothing beats out that you could really be making your own analysis came from your own understanding and knowledge. Key on here is that you should not make yourself that put in a hurry because most common newbie behaviors that they do really become that impatient and this is where mistakes do really came from.

Trading on your own is the best but you can try signals and see how they only care about their pockets. That would be when you will realized that there is nothing better than to have the knowledge and experience about how to trade on your own. But it is important for you not to use more than the amount of money that you can not afford to lose to trade.

Totally agree with this on which making trades with your own and making your own trading analysis or formulate your own. You dont need someone to do something like this
because we are all speculators on here and it is really that something that gives that regret feeling when you do follow someone but the analysis been made where ending up on a loss
then it do really give out that kind of feeling of regret on what you have done but somehow getting some information or on trying out look for some information with other
traders then it isnt really that bad to snip out some idea into them.

[tvplus006]

I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

As a rule, signals are sought by beginners who cannot trade independently due to lack of knowledge. Therefore, do not look for easy ways, spend more time on your own self-education, and then you will not depend on the opinions of others when making decisions.

[Sanitough]

I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

You can't say that you are overtrading because if you are a responsible trader, you will know how to limit your trading and limit your losses as well. But let's say if you are just starting to trade, then it's always best to learn from your own trades. Do not be afraid to commit mistakes and losses because that will be your great motivation to improve your trades and become professional and profitable traders in the future. Furthermore, know that trading signals can never be reliable the whole time. They might work at some point but you will know your trades will work better if you rely on your own knowledge and skills as a trader.

[Johnyz]

I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

Then something is wrong with your strategy which I think is better to solve it than to look for alternatives. Trading on your own is still ideal though you need more time to learn it and it may not be easy but it can be worth it. Copy trading is too risky because you can’t decide on your own and you might lose the opportunity to buy or sell because you are not aware about the market trend, this is a risky decision go trade on your own.

[JeffBrad12]

doesn't matter the reason trading by your own take priority, you could be dependent on these signal but remember the signal giver is also someone trying to make money here.
moreover i've seen plenty of copy trading review that saying its overrated, even though sometime it could give profit but usually the long term are always losing with these copy trading.
therefore  trading by yourself takes priority as I said.
no free lunch in this world same thing with these kind of trading helper tool or signal all of them definitely have ulterior motives in this case.

[Husires]

Copy trading and trading signals are more likely to be fraudulent and cannot be considered trading methods for anyone who wants to trade or make profits from trading.
Social trading may be an intermediary solution, but you should not rely on it too much, especially in alternative currencies. You can use it if you are not sure of the direction of trading or if you have doubts about the strength of momentum that could cause a support or resistance level to be broken.
Trading on your own is the best because you learn from your previous experiences and have experience in trading so that you have a sense of the direction of trading even if there are not sufficient technical indicators to support what you are saying.

[Xampeuu]

For beginners, you will be confused about the parquet movement which always makes you feel hurt. Indeed, looking for professional signals can initially shape our trading character, but this should not continue, considering that trading itself will be more profitable for us in the future. so that we can work from trading and of course it will be more fun if we can analyze it ourselves

[Finestream]

What works for others might not work for you. So don't rely your trading signals from other professional traders because you are not trading just to follow others but you trade on your own so you can learn from your own mistakes and losses that will motivate you to build your own trading skills and strategies. Thus, by trading on your own you will develop into the best trader that you can be, rather than copying other trades and when they're gone, you're left in the losing end.

[TheUltraElite]

What options does one have to view trading ideas/signals from other professional traders?

The place where you are getting this data, is there is a guarantee that the stuff posted is legit and real? Cooked up signals are no sweat. Getting misled by those fake signals is also easy and many wannabe traders end up falling for that trap.

If you ask me, copy trading is a scam, from my perspective and so is any signal group. I trust myself and I would always trade based on my knowledge and prediction. For that I might have to work a bit on fundamentals and technicals and a bit of luck but end of the day if I lose money, I would know whom to blame and that is better than trusting some weirdo on the net with their pipe dreams.

[bitzizzix]

I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

And to determine the best choice, you must know the advantages and disadvantages of each first. If you want to trade yourself, this means you must have your own analytical skills, and must have knowledge about the world of trading and you must also have sufficient ability and knowledge in analyzing the market.
If you want to use signals, it means you are using someone else's analysis to follow them and whatever the results, even if they don't meet your expectations, you have to accept them.

And my advice, the best option is to do trading yourself and you have to learn everything well and continue to learn everything related to trading until you really understand it completely and can do it. And if your trading is successful and always produces profits then you will feel proud of yourself. If you haven't succeeded, don't give up and keep trying and improving your skills with small capital until you really master it and become an expert, and you are ready to use large capital.

[rat03gopoh]

Trading signals don't take each subsciber's risk tolerance into account, it simply takes an average of the values that everyone considers they can afford to lose.
Trading isn't just about near-accurate analysis, it is also about management. Sometimes, excessive trading signals can throw you off your trading plan.

[Adbitco]

I wouldn't say you should rely on trading signal or waiting for someone to give you signal before entering your market, that's to copy trade or something similar. As a beginner you are you don't need to be too haste and worrisome to use any tools to trade, what you need now is fundamental and technical analysis to build you properly as well as equipped you the more to be able to determine the market and the kinds of currency (coin) you should be trading than relying on someone knowledge to enter trade. The best is your personal idea and skill to trade because the next person signal or whatever may not favors you, so developing yourself is the basic things you need to do.

[|MINER|]

It is better to do trading by yourself. But you can't know anything by yourself.  You must take the help of experts I mean you must know the analysis like technical analysis fundamental analysis in case If you want to do trading alone, it takes a lot of time and afford. You need to learn the right way.  And copy trading is very risky.  The risk of loss is very high in gis case. You should never do copy trading. You can do social trading but it should not be done too much. If you are good about trading, you can do it.

[avikz]

I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

Trading is something where you would want to have control on your funds and decisions. So copy or social trading is something I personally would like to avoid. Also I have indeed tried copy trading earlier and lost money every single time. I don't know but when I checked their trades, I could not match it with mine. I just don't understand how they maintain proportion based on the fund.

So I took back the charge of my own trading and never looked back. Even though I don't trade anymore due to time constraints but I start again, I would stick with my own decisions.

[Nrcewker]

I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

If you are thinking that you are overtrading, then it’s better to set a limit for each day and trade in that limit. Like this you can control the losses and can regulate the profits. The types of trading you mentioned in the OP are good, but the one which is reliable, when you trade of your own. Copy trading is good sometimes, but if you by mistake get into losses, then you will make the person liable for the losses from whom you are copying the trades. It’s better to do your own research and trade with your analysis.

[taufik123]

Trading signals don't take each subsciber's risk tolerance into account, it simply takes an average of the values that everyone considers they can afford to lose.
Trading isn't just about near-accurate analysis, it is also about management. Sometimes, excessive trading signals can throw you off your trading plan.

Even trading signals do not care about anyone, they are only made to benefit the signal maker.
A signal that is just a number without any chart analysis is just a fake signal, no one can be trusted.

Then tarding yourself by analyzing independently will be better.
It makes us learn how to analyze, and predict prices that will occur.

Trading is not only about analysis but also about management.
Without doing good management, the trading plan that was originally a good plan will turn into a bad plan.

[rhomelmabini]

I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

I pretty much do the same but that's not from time to time and I've done it before to analyze and learn how others trade. I often follow those who doesn't have any idea on how they came up with that analysis or chart. I follow those traders on Twitter that hasn't really have much followers but keep on sharing their charts, for me, they are the traders that has pure hustle and they don't care how much follow they have.

[Lakai01]

-snip-
Trading isn't just about near-accurate analysis, it is also about management. Sometimes, excessive trading signals can throw you off your trading plan.

I would go even further and say that proper management of one's trades is the deciding factor to be successful or not - at least in day trading.

This includes:

• setting amounts correctly for each trade
  
• setting and using stop losses/take profits correctly
• not overstretching trades
• and above all: not to break your own rules ("I am sure the trade will recover, ...")

If you master this basic rule, it is much more likely to leave the trading field as a winner.

If you trade a lot of positions at the same time, the steps not only have to be automated, but it also becomes a lot of work to keep track of everything.