Trading on your own vs social trading and copy trading

[MFahad]

You should have to use the mixture of these things because at start a person have no idea that what to do and what is important for getting profit so he will must follow trading signals. If you don't have knowledge then surely you will be overtrading as you will have hope that sometimes time will heals you but its not true because without knowing the basics you cannot achieve for what you are entered into crypto.

Just follow signals from experts for sometimes and when you learn the facts then leave to follow it because its upto you that what you are doing in order to maximize your profit. You can only trade by yourself if you get the experience otherwise you will just loss your money so don't be a part of overtrading and just spend that amount which you can.

[Quidat]

You should have to use the mixture of these things because at start a person have no idea that what to do and what is important for getting profit so he will must follow trading signals. If you don't have knowledge then surely you will be overtrading as you will have hope that sometimes time will heals you but its not true because without knowing the basics you cannot achieve for what you are entered into crypto.

Just follow signals from experts for sometimes and when you learn the facts then leave to follow it because its upto you that what you are doing in order to maximize your profit. You can only trade by yourself if you get the experience otherwise you will just loss your money so don't be a part of overtrading and just spend that amount which you can.

When you are a complete newbie then it wont really be that so bad on seeking out with some help or really that going to tend on dealing on following someone with their trades. The only mistake on here is that newbies are really that heavily reliant on the time that they do engage into it and doesnt really mind anymore in speaking about progress and learning because they are really that depending on the source that they do have and this is what it isnt really that recommended on doing so. This is why you should really be that sensible in speaking about taking such step on trading because its not something that is really that recommendable that you should really be making acts or steps on which you had made on your own analysis. Snipping out some ideas into other trades is ideal as long you do know that you could really be able to apply and integrate into your own analysis then it would really be a good add up. Never ever make yourself that easily get fooled or really that get hooked for those people who do have those common lines that these are indeed precise chart analysis on which it is really just that not shocking if those things turns out to be shit afterwards.

[Bushdark]

You should have to use the mixture of these things because at start a person have no idea that what to do and what is important for getting profit so he will must follow trading signals. If you don't have knowledge then surely you will be overtrading as you will have hope that sometimes time will heals you but its not true because without knowing the basics you cannot achieve for what you are entered into crypto.

Just follow signals from experts for sometimes and when you learn the facts then leave to follow it because its upto you that what you are doing in order to maximize your profit. You can only trade by yourself if you get the experience otherwise you will just loss your money so don't be a part of overtrading and just spend that amount which you can.

Following signals from influencers too can be very risky too because the market is basically on predictions and analysis. One thing I have understood about the market is that different influencers have there own market predictions and most time they are different from each other. Some influencers just want to make money money and gain more followers that is why we do have see them doing things that would attract more novice to be following and adhering to there instructions. We need to make sure we learn on our own rather than going from one influencer to another to seek for a 90% winning signals which be difficult and inconsistent.

[Fatunad]

You should have to use the mixture of these things because at start a person have no idea that what to do and what is important for getting profit so he will must follow trading signals. If you don't have knowledge then surely you will be overtrading as you will have hope that sometimes time will heals you but its not true because without knowing the basics you cannot achieve for what you are entered into crypto.

Just follow signals from experts for sometimes and when you learn the facts then leave to follow it because its upto you that what you are doing in order to maximize your profit. You can only trade by yourself if you get the experience otherwise you will just loss your money so don't be a part of overtrading and just spend that amount which you can.

When you are a complete newbie then it wont really be that so bad on seeking out with some help or really that going to tend on dealing on following someone with their trades. The only mistake on here is that newbies are really that heavily reliant on the time that they do engage into it and doesnt really mind anymore in speaking about progress and learning because they are really that depending on the source that they do have and this is what it isnt really that recommended on doing so. This is why you should really be that sensible in speaking about taking such step on trading because its not something that is really that recommendable that you should really be making acts or steps on which you had made on your own analysis. Snipping out some ideas into other trades is ideal as long you do know that you could really be able to apply and integrate into your own analysis then it would really be a good add up. Never ever make yourself that easily get fooled or really that get hooked for those people who do have those common lines that these are indeed precise chart analysis on which it is really just that not shocking if those things turns out to be shit afterwards.

Stick with your own and never make yourself that relying into other trading analysis because we are all predictors or speculators on this market which same as you said.Therefore, no one would really be able to get the right formula on how to deal up with this volatile market. Lots of streamers out there who do share up with their trading analysis and then later on once they had made out a right position and profitable trade then they would really be boasting that they are really that good and now they are offering those VIP groups which it would really be requiring for you to pay up some vip fee or some sort of like that on which its never been that worth.
You are really just indeed wasting your money and its not something that would really be that good on paying up something on which you can make with your own.

Following signals from influencers too can be very risky too because the market is basically on predictions and analysis. One thing I have understood about the market is that different influencers have there own market predictions and most time they are different from each other. Some influencers just want to make money money and gain more followers that is why we do have see them doing things that would attract more novice to be following and adhering to there instructions. We need to make sure we learn on our own rather than going from one influencer to another to seek for a 90% winning signals which be difficult and inconsistent.

We are all speculators here on this market and there's no way that those people would really be having that kind of precise predictions on how this market moves.
This is why its always that recommendable on having that realist approach or else then you would really be having that kind of action which you would really be that
a fan on trying out to follow them no matter what without realizing that it is really just that still a speculative approach.

[BitcoinTurk]

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

In financial markets each individual is responsible for their own investments and managing their own budget in the most accurate way. In order for a person to earn regular income it is very important that they always improves theirself adapts to changing markets and takes his analysis skills one step further.

Investment recommendations, especially those made by social media influencers are recommendations that no one shouldn't take into consideration without doing one's own analysis because most of the time these people only show their successful trades and don't show the trades in which they were not successful. In addition, it is a fact that should be accepted that since such people make paid promotions any advice they make always carries a high risk.

On the other hand, copying the transactions of professional people is a good way to make money but regardless of the experience of these people it is also very important for the person to support this transaction by making their own analysis for each transaction and to have an idea about this transaction. In other words, carrying out the transactions of a professional trader by performing our own controls will definitely help these transactions to be carried out efficiently in the best possible way.

[Silberman]

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

In financial markets each individual is responsible for their own investments and managing their own budget in the most accurate way. In order for a person to earn regular income it is very important that they always improves theirself adapts to changing markets and takes his analysis skills one step further.

Investment recommendations, especially those made by social media influencers are recommendations that no one shouldn't take into consideration without doing one's own analysis because most of the time these people only show their successful trades and don't show the trades in which they were not successful. In addition, it is a fact that should be accepted that since such people make paid promotions any advice they make always carries a high risk.

On the other hand, copying the transactions of professional people is a good way to make money but regardless of the experience of these people it is also very important for the person to support this transaction by making their own analysis for each transaction and to have an idea about this transaction. In other words, carrying out the transactions of a professional trader by performing our own controls will definitely help these transactions to be carried out efficiently in the best possible way.

There is technically a way to make money using the knowledge of other people, but for that you will need to hire a financial manager and to let them have access to a portion of your capital so they can trade and invest in your behalf, however those people are not going to waste their time posting their results in social media and faking their results like influencers do, but very rarely people think about financial managers when they express their desire to follow the ideas or signals of someone else, and instead they think about schemes that are managed by scammers.

[slaman29]

There is technically a way to make money using the knowledge of other people, but for that you will need to hire a financial manager and to let them have access to a portion of your capital so they can trade and invest in your behalf, however those people are not going to waste their time posting their results in social media and faking their results like influencers do, but very rarely people think about financial managers when they express their desire to to follow the ideas or signals of someone else, and instead they think about schemes that are managed by scammers.

Short to say, there's no easy way, like the old saying goes, if it's too good to be true, it's too good to be true. That especially happens in wealth management and trading.

Warren Buffett and others make money from other people's work not knowledge, this is what people got wrong.

If your financial manager knows more than you, or if you think he does, then he's making money from you, not the other way round

[Kasabus]

There is technically a way to make money using the knowledge of other people, but for that you will need to hire a financial manager and to let them have access to a portion of your capital so they can trade and invest in your behalf, however those people are not going to waste their time posting their results in social media and faking their results like influencers do, but very rarely people think about financial managers when they express their desire to to follow the ideas or signals of someone else, and instead they think about schemes that are managed by scammers.

Short to say, there's no easy way, like the old saying goes, if it's too good to be true, it's too good to be true. That especially happens in wealth management and trading.

Warren Buffett and others make money from other people's work not knowledge, this is what people got wrong.

If your financial manager knows more than you, or if you think he does, then he's making money from you, not the other way round

This is true. You are not actually making profits by hiring a financial manager. In fact, you are the one allowing him to make money from you, and not that you are the one benefiting from him. That is why if you just enter trading and rely the success of your trades from the other trader's work, then you are not actually becoming a successful and profitable one. Instead, you become an instrument for their own success, while leaving yourself at loss.

[Xcode7]

There is technically a way to make money using the knowledge of other people, but for that you will need to hire a financial manager and to let them have access to a portion of your capital so they can trade and invest in your behalf, however those people are not going to waste their time posting their results in social media and faking their results like influencers do, but very rarely people think about financial managers when they express their desire to to follow the ideas or signals of someone else, and instead they think about schemes that are managed by scammers.

I really don't agree if there are people who rely on other people's knowledge to make a profit, especially by hiring a financial manager for things that we can do ourselves, especially in trading that is full of risk, I think it's better for us to do it and we will do it ourselves. responsible for everything that happens, whether profit or loss.

However, in trading we need input from other people or need references from other people, but that doesn't mean we have to follow it without any research or belief from ourselves.
And if you are asked whether trading is better alone or in a group, I think it is better in a group so that we can discuss and share knowledge, not arbitrarily taking action on other people's decisions.

[Franctoshi]

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 can't believe in yourself how much more do you think the next trader out there whom you are looking to copy or follow his/her trade signal isn't in the same shoes as you?
Op, work on improving yourself and never rely on anyone to trade,  think of those people whom you want to rely on to trade, if they are no longer available, it means you would earn no money right? insane.

It is clear that you are addicted to trading and you should think of a possible way of getting yourself out, which you can achieve by taking a break right now and getting yourself busy with some stuff aside from trading, this was how I got myself out when I was in your shoes trading back days.

[Stable090]

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 trader, you already discovered your weak point, the next thing to do is to work on it. Looking for signals is not the best option, it’s better you do the trading yourself and don’t look for copy trading or trading signals. Instead of looking for signals, you can meet with people to improve your trading strategy, make amendments anywhere you know you are having problems, and if you learn to trade yourself, you will never depend on anybody. A signal provider can stop providing signals at any moment. Does that mean you wont be trading again? But when you have the knowledge, you can choose to trade whenever you like, and you can rest whenever you wish.

[goaldigger]

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?

Binance already launched their copy trading option and you can have this for now while you are boosting your weakness in trading. It’s good to actually see your mistakes while doing your trade since you can improve it and you should focus on this if you really want to learn more and be more professional in trading. Copy trading can be more safe if you are on a good site, I just don’t suggest this for long term trading because trading on your own is still my ideal type of a trader.

[slaman29]

If your financial manager knows more than you, or if you think he does, then he's making money from you, not the other way round

This is true. You are not actually making profits by hiring a financial manager. In fact, you are the one allowing him to make money from you, and not that you are the one benefiting from him. That is why if you just enter trading and rely the success of your trades from the other trader's work, then you are not actually becoming a successful and profitable one. Instead, you become an instrument for their own success, while leaving yourself at loss.

I just wish people stop seeing trading as money making, with "secrets" and shortcuts. I know it's not popular but I also wish people start understanding that majority opinion and the way crypto trading is done more closely resembles gambling, but at a faster pace than traditional gambling. High risk low reward ROI.

Like gambling, if you follow strategies, and believe they make you profit, you're in for a bad time

Nothing replaces real skill, with real knowledge, for real jobs.

[tjtonmoy]

What are you so obsessed with signals? I have seen your other post about crypto signals and now you were talking about copy trading and using signals. Trading on your own is the best thing that you could do. If you make mistakes, that's okay. We are human after all, we all make mistakes. But that doesn't mean we'll keep on doing it. Those who are professional traders and successful ones have made mistakes in their past two. But they were able to overcome those mistakes and fix them. And that is the reason why they are successful today. But if you want to become like them, you should never follow their present life when they are successful. You need to suffer and understand and gain experience from them.
If you are stuck at some place and couldn't get out and you need help, then you can use signals in order to find your mistakes. But not just any signals, a signal where it is all explained why the market is moving this way. So you can compare it with your own analysis then find your mistake and fix it. That's how a signal should be used, not the other way around.

[HONDACD125]

What are you so obsessed with signals? I have seen your other post about crypto signals and now you were talking about copy trading and using signals. Trading on your own is the best thing that you could do. If you make mistakes, that's okay. We are human after all, we all make mistakes. But that doesn't mean we'll keep on doing it. Those who are professional traders and successful ones have made mistakes in their past two. But they were able to overcome those mistakes and fix them. And that is the reason why they are successful today. But if you want to become like them, you should never follow their present life when they are successful. You need to suffer and understand and gain experience from them.
If you are stuck at some place and couldn't get out and you need help, then you can use signals in order to find your mistakes. But not just any signals, a signal where it is all explained why the market is moving this way. So you can compare it with your own analysis then find your mistake and fix it. That's how a signal should be used, not the other way around.

Due to lack of experience many people rely on copy trading or signal trading. Most of them are newbies, who gain experience after learning they prefer trading over their analysis. Trading by yourself is best, but trading is a risky platform, trading without experience and knowledge can be very harmful.Trading is a tough job and should not be taken lightly.Of course, man learns from mistakes, and experience is strong, but that doesn't mean you should waste your capital by making mistakes.

So newbies should start trading with a demo account first, and after gaining some experience can start trading with a small amount, so that there is no chance of losing much in case of mistakes. People who always rely on other people's signals can never learn to trade on their own. If interested and put in hard work, anyone can earn good profits from their analysis after good experience.

[Lanatsa]

What are you so obsessed with signals? I have seen your other post about crypto signals and now you were talking about copy trading and using signals. Trading on your own is the best thing that you could do. If you make mistakes, that's okay. We are human after all, we all make mistakes. But that doesn't mean we'll keep on doing it. Those who are professional traders and successful ones have made mistakes in their past two. But they were able to overcome those mistakes and fix them. And that is the reason why they are successful today. But if you want to become like them, you should never follow their present life when they are successful. You need to suffer and understand and gain experience from them.
If you are stuck at some place and couldn't get out and you need help, then you can use signals in order to find your mistakes. But not just any signals, a signal where it is all explained why the market is moving this way. So you can compare it with your own analysis then find your mistake and fix it. That's how a signal should be used, not the other way around.

Due to lack of experience many people rely on copy trading or signal trading. Most of them are newbies, who gain experience after learning they prefer trading over their analysis. Trading by yourself is best, but trading is a risky platform, trading without experience and knowledge can be very harmful.Trading is a tough job and should not be taken lightly.Of course, man learns from mistakes, and experience is strong, but that doesn't mean you should waste your capital by making mistakes.

So newbies should start trading with a demo account first, and after gaining some experience can start trading with a small amount, so that there is no chance of losing much in case of mistakes. People who always rely on other people's signals can never learn to trade on their own. If interested and put in hard work, anyone can earn good profits from their analysis after good experience.

You would really be going for the most easiest and most comfortable way or path specially if you are really just that starting with trading and this is something that the main thing that you would really be having in mind. You would really be doing this stuff but later on you would really be able to realize that its never been that beneficial for you on long term because you wont really be learning any skills. Yes, you might really be able to get some profits if those people you had followed but we know that its not really that something that could last forever or would really be coming into a point that you might really be that experiencing losing trades and this is where realization would kick in and you would really be having thoughts that you should really be learning on  your own.

If you are really that just that satisfied with those social trading or copy trading then its your choice but sooner or later you would really be able to see that its not really
something that progressive which we know that it would really be just that right that its better to learn on your own so that it would really be makingyourself that
be that independent on the time that those people you do follow would stop on having those kind of following.

[Fredomago]

What are you so obsessed with signals? I have seen your other post about crypto signals and now you were talking about copy trading and using signals. Trading on your own is the best thing that you could do. If you make mistakes, that's okay. We are human after all, we all make mistakes. But that doesn't mean we'll keep on doing it. Those who are professional traders and successful ones have made mistakes in their past two. But they were able to overcome those mistakes and fix them. And that is the reason why they are successful today. But if you want to become like them, you should never follow their present life when they are successful. You need to suffer and understand and gain experience from them.
If you are stuck at some place and couldn't get out and you need help, then you can use signals in order to find your mistakes. But not just any signals, a signal where it is all explained why the market is moving this way. So you can compare it with your own analysis then find your mistake and fix it. That's how a signal should be used, not the other way around.

Due to lack of experience many people rely on copy trading or signal trading. Most of them are newbies, who gain experience after learning they prefer trading over their analysis. Trading by yourself is best, but trading is a risky platform, trading without experience and knowledge can be very harmful.Trading is a tough job and should not be taken lightly.Of course, man learns from mistakes, and experience is strong, but that doesn't mean you should waste your capital by making mistakes.

So newbies should start trading with a demo account first, and after gaining some experience can start trading with a small amount, so that there is no chance of losing much in case of mistakes. People who always rely on other people's signals can never learn to trade on their own. If interested and put in hard work, anyone can earn good profits from their analysis after good experience.

Copy trading is not safe for newbie, as those who so-called experts always have their strategy and if things won't favor them, they will use alternative options while those who copy don't have that kind of alternative, they will lose as fear will dominate and without knowledge they will allow it to happen.

Unlike with good knowledge about trading, you know the basic and you know the cycle, you can either wait and hold or sell and re-try your entry point to recover, all is about your understanding and knowledge about the system and how it works to find a favorable position.

[Renampun]

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.

That's right, to reduce the possibility of dependence on other traders or trading bots, trading with your own mind is the wisest thing, it doesn't take long to be able to do that, it takes a lot of struggle and experimentation, but rest assured that when you are able to trade independently, the benefits will be great. you will get extraordinary results, your instincts on trading will wake up and you will be able to solve the problems you face easily and without taking a long time.

[tjtonmoy]

People who always rely on other people's signals can never learn to trade on their own. If interested and put in hard work, anyone can earn good profits from their analysis after good experience.

I do agree that people using signals can never be as good as people who are doing their trading on their own. Trial and error is the best way to learn about something and that experience will stay with you for longer period of time. But I am somewhat against using demo account. If you waste a little bit of your asset for learning then I don't think that is a waste. People have been studying for years and years and paying their money for the education. Learning trading is something similar to that. You were gaining knowledge but you want the real experience not something that comes from a demo account. Demo accounts give you demo experience and real money gives you real experience.
If you want to choose the best then there's nothing except for using real money to gain that experience. Emotion control, precise market analysis, learning to lose, these all experience comes from using real money. Demo account will never be able to do that. Use little amount for your learning. Even if the amount is small the experience stays the same. So I don't think using real money is a waste and using demo account is a good idea. Do your own research.

[Adams0001]

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 option, because you will gain more knowledge on it anytime you trade you will getting more experienced,  That is why before you start trading, you should understand the market and gain knowledge on it If you are giving someone to trade for you, that means you didn't learn about it and if you are afraid of losing money, the person you give to trade for you can lose at any time because you cannot profit at any time, That is why they say if you want to start trading use money you can afford to lose, even professionals lose money from time to time. It is better to gain experience and knowledge on your own rather than using a trading bot or other trading tool Any investment or trading is all about risk and if you can't take the risk, you won't get the reward, Trading can bring in a lot of money but you must work hard to get the ideas and knowledge before you can get the reward.