Trading on your own vs social trading and copy trading

[ancafe]

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?

For me trading independently would be much better because we are not in contact with other people dan is that when we intend to trade alone, the main thing we need to pay attention to is how to trade correctly. Seeing and learning about trading from people who are professionals is quite good because it will provide us with knowledge. Over trading can be minimized if someone knows how to be responsible for the activities they carry out and this all must be looked at based on the knowledge they have.

Trading ideas will be much better when you yourself know how to do analysis and trying to imitate other people's trading patterns will usually be quite problematic, unless you learn from someone who is experienced. Trading does not guarantee profits all the time and even experienced people experience losses at certain times so they need to prepare themselves if that happens.

[1714942009]

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[1714942009]

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[1714942009]

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[kingvirtus09]

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 would prevent unnecessary distractions from trading signals, firstly you devise your trading strategy obtained from any source mostly from YouTube practice it with demo or stimulated trading until you become consistent in making profit, personally I only visit twitter to learn from professional traders to learn and follow their chart analysis and how I can improve it on my own trading strategy if possible make some amendment if necessary, however it's not about changing the strategy everytime if in losses are incurred thus I am trading on my own I knew isn't is a smooth journey without a mentor however I believe with time I would gain more experience towards becoming a professional traders.

You are right there; doing the trading ourselves on any exchange can help a lot. Also, be careful about joining signal groups, as there are often many exploitative people using such groups and crypto signals.

Especially with the trading signals that can always be seen in Telegram group channels. Know well that before believing in signal groups, it is better that you do your own personal trading here in the crypto space.

[Fredomago]

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?

For me trading independently would be much better because we are not in contact with other people dan is that when we intend to trade alone, the main thing we need to pay attention to is how to trade correctly. Seeing and learning about trading from people who are professionals is quite good because it will provide us with knowledge. Over trading can be minimized if someone knows how to be responsible for the activities they carry out and this all must be looked at based on the knowledge they have.

Trading ideas will be much better when you yourself know how to do analysis and trying to imitate other people's trading patterns will usually be quite problematic, unless you learn from someone who is experienced. Trading does not guarantee profits all the time and even experienced people experience losses at certain times so they need to prepare themselves if that happens.

Yeah right, trading at your own knowledge and be successful with how you find best strategy is always better compared to following someone and blindly place your position without knowing what is the fate of your trade, think about making your own system and execute it the way you wanted it to be.

With that idea, there's no one to be blame aside from your own assessment, you'll be able to adjust from time to time once you already understand the proper way of doing the trade.

[tygeade]

Just like everyone mentioned, trading your own is a lot better than all of this. The idea that you could make your own money without the helps of anyone else is important because it will give you a way to get better forever. The good old "do not give a man fish, teach him how to fish" part is the most important part. If you end up teaching him how to fish then he will just be able to do it better. In this case, nobody will teach you how to fish, so you have to go out and learn it on your own.

Spending time on becoming better is a difficult one, many people are missing that and it should be important to keep trying no matter how long it takes in order to become a good trader yourself, it may take months, even years, but you should keep trying.

It is not really "difficult" to become better trader yourself, but it takes time and most people do not want to spend time on it, that's the main problem. I understand the feeling, it may feel like you do not want to spend any time on it, but the reality is that you are going to end up spending long time on becoming better.

Not because it's hard, it's actually not that difficult to become a good trader and the only reason it takes so much time is because there are so many things to learn. While you learn them quickly and easily it doesn't mean that it will be quick overall because when you put in many tiny easy things back to back for months it's still months that you have to spend on learning how to be better at trading.

[ancafe]

Yeah right, trading at your own knowledge and be successful with how you find best strategy is always better compared to following someone and blindly place your position without knowing what is the fate of your trade, think about making your own system and execute it the way you wanted it to be.

With that idea, there's no one to be blame aside from your own assessment, you'll be able to adjust from time to time once you already understand the proper way of doing the trade.

Following other people's trading methods is not a problem as long as we don't immediately adopt their method and first try to analyze and adjust. Trading on your own will be much more satisfying, but we also need to consider several trading strategies that people use so that there are many ideas that we can use. Thinking about trading is not easy to carry out because perhaps not everyone can master it and when someone is willing to learn there is a way to perfect it.

Direct involvement is important in trading so that we know how to do it and what becomes a problem when we are involved in trading but have no knowledge at all. This is the mistake that needs to be avoided because whatever we follow should have a view about running it because otherwise we would be betting instead of trading.

[TheVeteranAngel]

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 can be so complicated especially futures trading and one may incur terrible losses if ones TA isn't good enough and that's why it's good to learn from top expert by copying their trades. Although it's advisable for one to learn trading by himself on the long-run but copy trading is a great start to learn. From my experience trading across several platforms, Bitget has the highest top elite traders and I have used it in the past while still trying to master my trading skill.

[goldkingcoiner]

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 is really the argument that follows from "Give a man a fish and he eats for a day. Teach a man how to fish and he will eat for life". Same here. Except this is more about cryptocurrency and trading.

But you are right to worry about over-trading. Those trading fees add up to a large amount. A lot of traders, especially newbie traders, whittle away their money little by little until a very large chunk of it is gone. And why? Because they wanted to enter and exit trades out of panic or some other pointless reason.

Trading fees are really silent money-eaters.

[Altcoiner007]

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.

Since the OP already has good experience with trading. I'd recommend he tries out copy trading. Platforms like Bitget has one-click copy trade section with Millions of expert traders. His trading skills will sure be useful in analyzing which expert trader to copy their trades instead of just asking for signals. Copy trading is more profitable as you'll be copying a professional trader directly as as soon as the expert place their own trade.

[Iamcrypticguy]

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 can be so complicated especially futures trading and one may incur terrible losses if ones TA isn't good enough and that's why it's good to learn from top expert by copying their trades. Although it's advisable for one to learn trading by himself on the long-run but copy trading is a great start to learn. From my experience trading across several platforms, Bitget has the highest top elite traders and I have used it in the past while still trying to master my trading skill.

I've been hearing about this and how it's quite easy setting up modifications that'll make you profitable, seem I'll consider in checking this out.. Thanks for your sharing.

[Fredomago]

Yeah right, trading at your own knowledge and be successful with how you find best strategy is always better compared to following someone and blindly place your position without knowing what is the fate of your trade, think about making your own system and execute it the way you wanted it to be.

With that idea, there's no one to be blame aside from your own assessment, you'll be able to adjust from time to time once you already understand the proper way of doing the trade.

Following other people's trading methods is not a problem as long as we don't immediately adopt their method and first try to analyze and adjust. Trading on your own will be much more satisfying, but we also need to consider several trading strategies that people use so that there are many ideas that we can use. Thinking about trading is not easy to carry out because perhaps not everyone can master it and when someone is willing to learn there is a way to perfect it.

Direct involvement is important in trading so that we know how to do it and what becomes a problem when we are involved in trading but have no knowledge at all. This is the mistake that needs to be avoided because whatever we follow should have a view about running it because otherwise we would be betting instead of trading.

I agree to that, as basis we can use those share strategy and we can make some tweaks to make it workable with our own trades, following blindly not knowing what are the consequences will surely put your investment at risk, you need to adopt and you need to keep pursuing to learn more, with that kind of mindsets you'll be able to find success.

Take your own path while using every resources that you have to adopt and to make a proper adjustment between your type of an investors and the market that you are involving yourself.

[pusaka]

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 is really the argument that follows from "Give a man a fish and he eats for a day. Teach a man how to fish and he will eat for life". Same here. Except this is more about cryptocurrency and trading.

But you are right to worry about over-trading. Those trading fees add up to a large amount. A lot of traders, especially newbie traders, whittle away their money little by little until a very large chunk of it is gone. And why? Because they wanted to enter and exit trades out of panic or some other pointless reason.

Trading fees are really silent money-eaters.

This is part of the process in my opinion, maybe it would be easier to copy trade, but as you said it is the same as giving us a fish that can only be for a day, whereas if we learn and develop our own strategy it will be useful as long as we want to trade.
Now the problem is that many people don't want to go through that process, in the sense that they just want to get something in an instant way. I don't deny that who doesn't want to get something instantly, but here I just want to say that it's better to go through all the processes so that we can develop even more, rather than producing something instantly but we feel it in a short time.

[ancafe]

I agree to that, as basis we can use those share strategy and we can make some tweaks to make it workable with our own trades, following blindly not knowing what are the consequences will surely put your investment at risk, you need to adopt and you need to keep pursuing to learn more, with that kind of mindsets you'll be able to find success.

Take your own path while using every resources that you have to adopt and to make a proper adjustment between your type of an investors and the market that you are involving yourself.

The more strategies we learn, the better it is because we will be faced with various events in trading so that we know a little more about options to avoid losses. Even though trading does not guarantee permanent integrity, at least we have the readiness to change our trading strategy if it is deemed unsuitable. However, separate analytical performance is still needed and we will be trained in sensitivity regarding the decision-making process and if not this will be very risky.

Trading is not easy to do and does not mean it is difficult to learn because the habits we do consistently will produce much better results. This does not only apply in trading but wherever these concepts and formulas apply, it depends on how each individual is able to handle them well and responsibly.

[Kelward]

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.

Experience is the best teacher, if you don't work it out by yourself and continue to rely on others to guide you in your trading, then you'll never build personal confidence, the important thing is to get the knowledge of fundamental and technical analysis first. Make your mistakes and learn from it, but always remember, especially for newbies to trade amount that you can afford to loose, in order to minimize loses. It's said that we should learn from other people's mistakes, but crypto trading is perculiar because despite your knowledge about trading, loses will still happen, so learn what you can from others and build your own trading parten

[Questat]

I agree to that, as basis we can use those share strategy and we can make some tweaks to make it workable with our own trades, following blindly not knowing what are the consequences will surely put your investment at risk, you need to adopt and you need to keep pursuing to learn more, with that kind of mindsets you'll be able to find success.

Take your own path while using every resources that you have to adopt and to make a proper adjustment between your type of an investors and the market that you are involving yourself.

The more strategies we learn, the better it is because we will be faced with various events in trading so that we know a little more about options to avoid losses. Even though trading does not guarantee permanent integrity, at least we have the readiness to change our trading strategy if it is deemed unsuitable. However, separate analytical performance is still needed and we will be trained in sensitivity regarding the decision-making process and if not this will be very risky.

Trading is not easy to do and does not mean it is difficult to learn because the habits we do consistently will produce much better results. This does not only apply in trading but wherever these concepts and formulas apply, it depends on how each individual is able to handle them well and responsibly.

From social media, we learn new ideas and from known trading experts, we also know strategies but having our own, we don't just learn but also find the truth about trading. And we found out that many things that haven't been mentioned and untold stories are we gonna experience in actual trading. That is why even if we follow those experts, there is no assurance for us to succeed because in every situation, they are not always there to guide us but it is just us to face alone and make the difficult decision. That is why we have to learn to become independent and accept the challenge because this is the only way to survive and reach our goal.

[Mkmanik]

I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.

Nowadays most crypto exchanges offer Copy trading services, You can easily get copy trading services by creating an account and depositing some BTC/USDT. I am providing some top-rated exchange direct links for copy trading:

• https://www.binance.com/en/copy-trading
  https://www.bitget.com/en-GB/copy-trading/futures
  https://www.bybit.com/copyTrade/
  https://www.kucoin.com/trading-bot

[ancafe]

From social media, we learn new ideas and from known trading experts, we also know strategies but having our own, we don't just learn but also find the truth about trading. And we found out that many things that haven't been mentioned and untold stories are we gonna experience in actual trading. That is why even if we follow those experts, there is no assurance for us to succeed because in every situation, they are not always there to guide us but it is just us to face alone and make the difficult decision. That is why we have to learn to become independent and accept the challenge because this is the only way to survive and reach our goal.

I quite agree with your view because now we can learn a lot from social media and all we have to do is verify the accuracy of the information. It is true that not everything we follow from experts will be appropriate in trading and it is possible that what they do not explain will be encountered when we are directly involved in trading. But at least the general discussion about trading patterns has become a consideration and it will be discussed by everyone who understands trading.

We can improve our skills in trading by learning many things from other people and there is no need to limit ourselves to the many people who try to provide views on trading. The more we learn, the greater the opportunity to improve our skills and self-study, the better prepared we will be to face trading in any condition.

[Awaklara]

From social media, we learn new ideas and from known trading experts, we also know strategies but having our own, we don't just learn but also find the truth about trading. And we found out that many things that haven't been mentioned and untold stories are we gonna experience in actual trading. That is why even if we follow those experts, there is no assurance for us to succeed because in every situation, they are not always there to guide us but it is just us to face alone and make the difficult decision. That is why we have to learn to become independent and accept the challenge because this is the only way to survive and reach our goal.

I quite agree with your view because now we can learn a lot from social media and all we have to do is verify the accuracy of the information. It is true that not everything we follow from experts will be appropriate in trading and it is possible that what they do not explain will be encountered when we are directly involved in trading. But at least the general discussion about trading patterns has become a consideration and it will be discussed by everyone who understands trading.

We can improve our skills in trading by learning many things from other people and there is no need to limit ourselves to the many people who try to provide views on trading. The more we learn, the greater the opportunity to improve our skills and self-study, the better prepared we will be to face trading in any condition.

it takes persistence to learn from someone. because it is possible that what other people share cannot be used by us and is not in accordance with our wishes. but it can be a consideration for developing our knowledge regarding trading.
if there are beginners in trading who are serious and diligent in learning trading analysis techniques. they can have many sources of knowledge, but in practice, they still have to find the most appropriate one for them to use.
it takes hard work, and it's not as easy as we think when we see people who are successful in making big profits in their trading.

[Zigabel]

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?

Over trading is not as a result of you trading all by yourself, probably the problem might be with your psychology, you need more lesson on trading psychology than just trading but then seems you choose to trade first rather than getting the required knowledge on psychology to be able to regulate your trading well enough, if those professionals you are looking to copy their trades or take their signals had stop trading because they think they are over  trading, where then are you going to get your signals from or who's trade are you copying, it's very important you work on yourself to be confident enough to generate your own signals and know when to trade and when not to trade

Trading is much better when you are in charge of all you do starting from your signals to you placing the trades and executing them, the more you do it yourself the more you get better at it but depending on others to trade makes you an amateur trader almost for ever.

[terrific]

Trading is not easy to do and does not mean it is difficult to learn because the habits we do consistently will produce much better results. This does not only apply in trading but wherever these concepts and formulas apply, it depends on how each individual is able to handle them well and responsibly.

I agree.
The learning process from doing trades and doing these social trading and copy trading depends on the individual that are studying about it.
It might take a lot of time and money for someone who doesn't have a background but it could be less for those that are risk takers and have a background with them. People think that it's easy to do copy trading because you don't do anything but don't forget that the money is yours and your letting its fate depend on the trader you copy.

[husencoe]

I think trading by yourself is the best way. You may be able to use other people's trading signals, but in the end you just depend on that person forever. Maybe there are also some people who share their trading signals for free, but I'm sure they're not serious. All he's offering is untested signals and he's testing them on you. If the signal results in a loss, will he be responsible?

Learn yourself with your hands, you will get honed skills. Even though you may lose a few dollars, the skills you gain cannot be replaced for anything else. Finally you will be proud of your work.