Trading on your own vs social trading and copy trading

[edmundduke]

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?

There really only is one way to trade and that is to learn to trade yourself. I understand that social and copy trading are extremely profitable but at the end of the day, it means you are putting your own financial future into the hands of someone else. You have almost no control over that. Take the longer road, learn, make mistakes but ultimately improve.

[Hyphen(-)]

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?

Instead of seeking for shortcuts to make money in trading, why not try investing in Bitcoin for the time being and then taking your time learning how to trade on your own?

Some trading professionals who provide trading signals are very good and are worth following for good trading tips and ideas, but keep in mind that they also took their time to learn and become this successful; you can start learning from them and getting some ideas to add to your own initial idea so that you do not copy their trading, but instead use the idea to get a good trading strategy for yourself.

[Fatunad]

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?

Instead of seeking for shortcuts to make money in trading, why not try investing in Bitcoin for the time being and then taking your time learning how to trade on your own?

Some trading professionals who provide trading signals are very good and are worth following for good trading tips and ideas, but keep in mind that they also took their time to learn and become this successful; you can start learning from them and getting some ideas to add to your own initial idea so that you do not copy their trading, but instead use the idea to get a good trading strategy for yourself.

If you do take shortcuts then it would really be normal that you would really be ending up with these kind of considerations or things that you would really be having in mind on which instead on bring up some usefulness
into you which it would really be rather be putting you up on harm instead and this is something that we should really be that minding because if you are really that having that kind of desperation on trying out to speed things up then this is where error and mistakes do usually happen and this is something that we must avoid in the first place. Nothing beats out if you do really make your own trades rather than on following someones
because we are all speculators on here on this market.

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.

Yes, they are really that sharing up those trading tips just for having that kind of possible benefit on which it would really be gained by them which turns out to be an
extra income for them specially if there would really be some sub fees. We do know that there would really be those VIP fees or whatsoever if you do really tend to join up
on a particular group.Somewhat if you do see about being profitable type of trader then making some following wont be bad but i should say that spending some bucks
for that kind of opportunity is never been worth. Better to trade with your own and never consider out this stuff.

[usekevin]

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?

Many trader think that signals will help them to earn some good money in the short term period of time.The trader should build their own strategy,So the same strategy will help the trader become a millionaire.But the trader should ready to spend time in the trading,if the trader so the random trade by little analysis.It never help the trader to successful in the trading,the trading also need of the dedication as like the other business.So if the trader spend time to analysis of the price variation it help the trader in long period.

[RockBell]

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 already have the knowledge on trading and you have a mentor that gives you guidelines on trading is best for you than searching for trading ideas and signals if you not careful and if you don't Lose your money then its better you rely on your own instincts  when it comes to trading. Rely on channels to trade is not advisable and that is why they always say you should go for the knowledge first. At least you will know some certain principles and secrets to trading. And if its about using other people's idea has example not a bad idea. But trading with other people's analysis i will rather be on my own. And its not a difficult matter when I can buy and hold as simple has that.

[jeraldskie11]

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?

It's so hard to trade on your own if you're wanted to analyze your trade with your own ideas get from the chart. It's better to get ideas from traders who are already profitable out there by joining their mentorship program. This will help you to have a strategy in trading that you must have to follow. If you're not satisfied and you're consistently losing, you can modified your strategy by adding more confluences in your trade. You have to test the strat in your demo account first to determine the winning rate of this strategy before using it in the live account. It's way more better to trade on your own that let others trade for you.

[taufik123]

Yes, they are really that sharing up those trading tips just for having that kind of possible benefit on which it would really be gained by them which turns out to be an
extra income for them specially if there would really be some sub fees. We do know that there would really be those VIP fees or whatsoever if you do really tend to join up
on a particular group.Somewhat if you do see about being profitable type of trader then making some following wont be bad but i should say that spending some bucks
for that kind of opportunity is never been worth. Better to trade with your own and never consider out this stuff.

Recalling my own past even before knowing trading so deeply and learning analysis.
I was also in the VIP group of trading signals and there were many entry and exit numbers given without any chart analysis or explanation.

Subscribed about $200 for live time and got about 5 or more pair trading signals every day.
But in the end, the signals don't work well because the market is volatile and it takes months to make a return.

Even I followed more than one trading signal, and among them turned out to be trading signals copied from other groups which means they resell signals provided by others.

Learning from that experience, I never touched such groups again and focused on developing myself, learning technical analysis and fundamentals, it's better.

[qwertyup23]

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?

This depends on your preference and time as a trader.

Generally, people tend to dedicate most of their time in trading in order to have their respective indicators. They apply various techniques, analysis, and other skills to arrive at a certain indication which would definitely give them an insight on what cryptocurrencies to trade at a given period.

For people who only have a relatively quick time in trading, they may opt to copy trade but this only leads to most falling and losing their trading journey. If you were to trade and this is the technique that you will employ, might as well to NOT trade at all.

[Altryist]

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 want to understand for yourself how good an idea it is to trade based on someone’s signals, then you shouldn’t rush to lose your money on it. Take for example a few telegram channels that share such signals, and just try to repeat transactions after them, just not real ones, but on paper. See what you can do, whether you will have any profit or whether you will have losses.

Just don’t look at their screenshots and postswith profit, but write down your data when you would like to buy and sell, this will give you at least an approximate picture of what you can get from such channels. But if you are interested in my advice, then learn to trade yourself, without any dubious advice and channels, this will not help you grow as a trader and most likely will not bring any profit.

[michellee]

The option is that you can gain or lose from trading signals from other professional traders. But it would be better if you could analyze the market rather than rely on other trader's signals. That's why you must learn about trading to analyze it.

But if you want to compare signals from traders on several channels, you have to try them one by one to find out which signal works best. But they won't be able to provide the signal forever because later they will offer you to join their private group.

Those who share their signal in their group may not work for all their members. So you have to be careful if you want to use signals from other traders. You should learn to analyze to trade better and not depend on other people.

[_Hiloveua_]

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?

All if you can trade yourself. better than It is better to trade by your own experience and observation. If you don't have to rely on other people then I will become an expert. And in the future you can expect good things without depending on others. You are still new, so if you want, still go with trade signals or someone else's help. Also you observe. Then you will become a professional trader.

[sokani]

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 more like a gamble especially if you lack the required skill set, that's why it's advised to hold unto your Bitcoin and sell during the bull season instead of trading.

Having said that, there's no way you would gain mastery of trading and become a professional trader without testing the waters. So you need to try your hands of some trade. You've to acquire the right skill, get trading materials and read up, watch professional trading videos and start trading with a demo account, from there you can progress to your funded account. I wouldn't advise you to go for trading signals as most of them are not reliable and you could end up losing your funds.

[cheezcarls]

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 have tried them all, but trading on my own decisions would be the best bet. For those who didn’t have trading knowledge but wanted to make money by taking shortcuts, they opt for signals and copy trading.

I was that guy back then but not anymore. I just realize that these signals are inaccurate and only have slim chances for the calls to make it right. And as for copy trading, the one we copied is something that we cannot control in his/her decision making whether going up or down.

Much better to learn technical analysis and trade on your own. Taking it one step at a time.

[Lakai01]

I have tried them all, but trading on my own decisions would be the best bet. For those who didn’t have trading knowledge but wanted to make money by taking shortcuts, they opt for signals and copy trading.

-snip-

Much better to learn technical analysis and trade on your own. Taking it one step at a time.

Copy trading is comparable to a broker that you just give money to and hope that he will make more out of it. So I wouldn't call this "trading" at all but see it as a classic (high risk) investment.
However, people who rely on copy trading must be aware that they have almost no control over what happens to their money ... and should not call themselves traders under any circumstances.

I completely agree with you on the second paragraph. With copy trading you learn absolutely nothing yourself. If, on the other hand, you acquire skills around technical analysis, market predictions and so on, you will not only enjoy trading more but also have huge learning opportunities. Even if the initial phase in particular is certainly a hard learning curve. You don't have all that as a copy trader (or signal trader), but the learning curve is often at least as high.

[Vaculin]

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?

There really only is one way to trade and that is to learn to trade yourself. I understand that social and copy trading are extremely profitable but at the end of the day, it means you are putting your own financial future into the hands of someone else. You have almost no control over that. Take the longer road, learn, make mistakes but ultimately improve.

I don't agree that they are extremely profitable, knowing most of them are not even reliable at some point. Know that there is no perfect trading, that even professional traders are not 100% capable of having trading signals that work, so why bother following them. Instead, work on your own and trade using your own knowledge and skills. In the end, you will always have more advantage than those who simply rely from others to make their trades work.

[el kaka22]

Trading your own gives you a great amount of unlimited power, you can do whatever you want and that matters. However, if you trade with someone else's situation then the result will not be that good because you are limited to whatever they tell you and you have to keep doing what they are telling you as well.

This is why the best thing to do in this regard is to just help yourself and do your own trades, it will definitely allow you to get better and should be something that would benefit you on the long term. I get that not a lot of people end up doing their own trades because they do not know how to do that, but at the end of the day they are going to be forced to learn how to do that eventually which should be the most important part.

I personally do not really do anything that is crazy, I just look at the TA and calculate how it should be going and trade based on that, which makes it easier and not really a big task to trade, sometimes I lose as well, but overall I am in profit lately.

[Dr.Bitcoin_Strange]

OP, have you come to think of those you call professional traders as people who just rose up in a day and became professional traders? I once read a parable about trees: "Trees shade their leaves off during the supposed season, yet they don't die off, for when it's time to grow new leaves, they will still continue their growth." So, a professional trader once learned, tried and failed, experienced a series of losses, and yet they did not give up the practice. Now they have become more experienced and have also learned how to overcome their emotions while trading. They have learned about when to stop trading, when to take profit, when to stop losing, and how to move on with their loses. They have learned the perfect timing rather than just settling for luck and not skill. So, I will say that personal trading on your own is the best way to trade. If you don't know how to trade, then keep learning. Learn until you are good.

[JeffBrad12]

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?

There really only is one way to trade and that is to learn to trade yourself. I understand that social and copy trading are extremely profitable but at the end of the day, it means you are putting your own financial future into the hands of someone else. You have almost no control over that. Take the longer road, learn, make mistakes but ultimately improve.

i would definitely not call copy trading as extremely profitable because if it does really gives that much profit i'd have followed all these copy trading platform but there has been no prove whatsoever that these copy trading is truly effective.
you know the trades made by the so called reputable veteran traders could be heavily manipulated by the platforms i don't think its truly a good way to trade.
its as you said, going through traditional method of analysing on our own usually just better.

[Heartilly]

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 test the result by doing both. See in the long-run the most and effective way to deal with your trades.

It's not wrong to follow someone but at least, you should established your own trading knowledge while doing trading.

As soon as you become an experienced trader, you don't need to rely on these copy trading or looking for someone analysis.

[Silberman]

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 how exactly are you going to evaluate the ideas of other traders when just trading on your own is considered to be overtrading according to you? You are free to try to use signals, use copy trading or bots, but remember, most of them are scams and will not allow you to get the results that you want, and in that case you may want to avoid wasting your time and begin to learn how to trade on your own, not an easy feat as there is a very real possibility you will fail, but at least there is a chance you could succeed too, unlike the alternatives.