How do you feel about high-profile traders making wrong calls ?

[AmoreJaz]

...They both shorted Bitcoin at 50K - 49K. And quite likely they're both getting liquidated soon.
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.

No matter how experienced a trader is, he will still make mistakes. But he will have much fewer such mistakes than a novice trader. But the main difference between an experienced trader is that they adhere to the risk management strategy, and even if his position is liquidated, he will lose only 2-3% of his deposit, unlike a beginner who will lose the entire deposit.

Just do remember that even so-called trading experts can experience losses. It is not all the the time that they are on the winning side of things. But yes, if you know what you are doing, you can lessen or reduce further losses, and stop possible liquidation of your position.

Also, some of these high profile traders just want to feed their ego, hence, making a mistake from time to time. You can't trust them fully on what they say, because they are not accountable to your losses, so better mind your own business and study your own trades.

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[el kaka22]

Quite normal to be fair because they are regular people and they are inclined to make mistakes as commonly as us, and there is nothing wrong with that. I understand that we are going to expect them to be a lot better than us, and that's why making mistakes is not something they can afford to do in most cases, that's fine and I understand the logic, but that doesn't mean that we are going to have an easy life, we should be considering the situation a little different.

I hope that we could end up with a good return and have something that should be easier to manage. All these people who make mistakes are fine, they are just human, and everyone in the world, even if they are the CEO of the richest wall street company, could make mistakes.

[adaseb]

I never pay any attention to any high profile trades. Remember Ackman who shorted that Herbalife because he assumed it was a scam. He had a huge short and went very public about it but the stock still kept going up and up. He had to cover at a loss if I recall correctly.

Most professionals keep their trades secret and never post it live. If you are good at your job you don’t have to post your trades online to get likes. Those types of people most of the time don’t know what they are doing.

[Nheer]

I'll give you two examples: Garreth Soloway ( featured in Kitco a few times ) and Davinci ( early Bitcoin adopter )
They both shorted Bitcoin at 50K - 49K. And quite likely they're both getting liquidated soon.
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.

Experts giving their opinions about the movement on the price should be regarded as a prediction just as other people also predicted a different price because being an expert doesn’t mean they control the price they just seem to have better understanding of the price movement. Different people give their own opinions and predict a price but only few will be close to the price with their prediction that is why it is advised to always carry out personal research and have knowledge about the movement of the market while trading and not just follow the predictions of other traders so when they are wrong you wouldn’t blame it on them when things turn out differently. Being an expert doesn’t guarantee 100% success in trading, experts can also get it wrong and run at loss sometimes.

Most professionals keep their trades secret and never post it live. If you are good at your job you don’t have to post your trades online to get likes. Those types of people most of the time don’t know what they are doing.

you’re right, i don’t also take people who post their trades online seriously, i think they only do that to get like and increase their social media engagement. It is a good professional ethics to keep your trades secret and not share your trade signals online and I wouldn’t refer to those who share them online as professionals.

[Kelward]

I'll give you two examples: Garreth Soloway ( featured in Kitco a few times ) and Davinci ( early Bitcoin adopter )
They both shorted Bitcoin at 50K - 49K. And quite likely they're both getting liquidated soon.
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.

Trading is just speculation and prediction and we all know that everyone can not be right with there predictions all the time. The technical analysis of a coin can simply not play out and then reverse even if an expert predicted it properly based on his strategies that has worked Before, he would still get a loss one day because the market does what it choose and sometimes it doesn’t go with your trade.

If there's unfailing %100 accurate predictions by anyone in crypto trading, then everybody will certainly follow that trader and there'll be no more loses in trading, infact trading will become a get rich quick scheme, therefore despite the best efforts of experienced traders and analysts they'll still have a bad day. I've learnt a bitter truth in this forum that trading is heard, despite following the best strategy and analysis at a given time, loses can still occur. Infact I know professional traders who have years of experience in trading, complain to me that they've lost certain amount today in trading, and it always reminds me that it's better to trade with the amount that we can afford to loose, especially for newbies.

[Sim_card]

It is hard for anyone to predict the price of bitcoin accurately, and this is why in trading and in real life nobody is perfect in whatever that we are doing, how more of predicting that is 50/50 that it will be or not going to be. Professional traders make mistake and this is why nobody is above mistake, and a little mistake made by a professional trader will make him run at big loss. Bitcoin volatile nature is affected by many factors and we don't know the next news that will pump the price or dump it. For this reason, I wouldn't blame anyone that predicts the price of bitcoin wrongly, because we are not seers that look into the future, but we are humans and we can only speculate what we think.

[$weetne$$]

I'll give you two examples: Garreth Soloway ( featured in Kitco a few times ) and Davinci ( early Bitcoin adopter )
They both shorted Bitcoin at 50K - 49K. And quite likely they're both getting liquidated soon.
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.

I feel normal because I know the high profile traders are also human beings and they can make mistakes too. Professionals traders also have losses but it's just that they have gather many experience from the many times that they have traded therefore they don't make common mistake that a newbie only joining the market recently will make. High profile players also get carried away by their fame that they begin to think that they can control the market because of the high influence they have from many people following them on social media. It's because nobody can predict the market correctly always therefore it's not good to follow a prediction we see online even when it's from a trusted high profile trader because they can be wrong too.

[tvplus006]

I feel normal because I know the high profile traders are also human beings and they can make mistakes too. Professionals traders also have losses but it's just that they have gather many experience from the many times that they have traded therefore they don't make common mistake that a newbie only joining the market recently will make. High profile players also get carried away by their fame that they begin to think that they can control the market because of the high influence they have from many people following them on social media. ..

But still, we must take into account the fact that Garreth Soloway and Davinci open short positions have not yet been liquidated, which means that they can still potentially bring more profit. And until their positions are liquidated, we cannot say that their assessment of the current market situation is incorrect. Let's grab some popcorn and see how this drama ends.

[Kelvinid]

To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.

Perhaps, they don't even know what will happen next, so it was expected to make wrong calls rather than making always right. But this won't make them lose their reputation because everyone knows this would happen in trading. This will tell us, especially newbies that there is no exception for losses, even though we have been so many years in trading, that still happens and this is because of the market condition --unpredictable. And no way to change it no matter what we do as there is no perfection in a volatile market. That is why it is been called -- high risk and so we don't take this easy, especially for beginners, or think, we can do this without proper knowledge and good skills.

[Viscore]

Quite normal to be fair because they are regular people and they are inclined to make mistakes as commonly as us, and there is nothing wrong with that. I understand that we are going to expect them to be a lot better than us, and that's why making mistakes is not something they can afford to do in most cases, that's fine and I understand the logic, but that doesn't mean that we are going to have an easy life, we should be considering the situation a little different.

I hope that we could end up with a good return and have something that should be easier to manage. All these people who make mistakes are fine, they are just human, and everyone in the world, even if they are the CEO of the richest wall street company, could make mistakes.

Everyone creates mistakes and loses in trading, even with simply investing. That is already given since none of us are perfect and none of us are highly capable to deal with an unpredictable market. However, losing comes with an advantage, at least you will learn from your mistakes and won’t do the same mistakes again. Even high-profile traders have seen losing in the market, and for me that’s acceptable knowing we can’t beat the market at all times. While they can be gaining the bigger advantage to win and make massive profits, they are also prone to losing and lose huge funds when they take wrong decisions in trading.

[boyptc]

I'll mind my own mistakes and calls.

Everyone can make all of these mistakes but what's wrong is if they're influencing other people to sign onto their groups and then giving bad calls.

That's a terrible service that they're giving to their influenced people and that's why we always tell to avoid such service and signals group because they won't do any good.

[sulendra12]

I feel nothing and don't really care, but rather I do learn something that even experienced well-known traders also have made wrong calls and you shouldn't be ashamed of that. The only thing that is important is to analyze your mistake so you can avoid the same mistake in the future run because smart trader would adapt and change their strategy a little bit to match the current condition of the market.

[mirakal]

I never pay any attention to any high profile trades. Remember Ackman who shorted that Herbalife because he assumed it was a scam. He had a huge short and went very public about it but the stock still kept going up and up. He had to cover at a loss if I recall correctly.

Most professionals keep their trades secret and never post it live. If you are good at your job you don’t have to post your trades online to get likes. Those types of people most of the time don’t know what they are doing.

Certainly. Those high-profile and successful traders have always want to trade privately and have no time to flex their gains and losses from trading, as the people around won’t change the situation either. Instead of letting other traders to get updates from their personal trades, they will just utilize that time maximizing their trading improvements. That’s how these high-profile traders would prefer to exist.

And take note, losing in trading is not only exclusive for beginner traders. All traders have their fair share of losses, but professionals have manage to keep it to theirselves and use it as a motivation to increase their knowledge and upgrade their skills and strategies.

[Queentoshi]

To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.

So long as we remain humans there is always the chance of human error. If human error does not exist at the point of beginning due to consciousness human error may come in later maybe due to laxity, or even emotional imbalance. If you're following in the steps and copying it to signals of high-profile traders always have it at the back of your mind that is always the possibility of human error and the analysis, and they can also make wrong calls, so do not trust completely and always.

[Julien_Olynpic]

As for the traders mentioned, it remains to be seen how their positions will be closed. Personally, I don’t yet have absolute confidence that they will lose. Overall their deals look reasonable. As for me, Bitcoin is now at a local top and needs a good correction for further upward movement, if, of course, this upward movement occurs at all. In addition, March is coming up - quite a bearish month for Bitcoin. In addition, halving is ahead - and this is also usually the reason for high volatility. I would evaluate the trading results only after the position is completely closed. After all, a position can last a long time. It can also be averaged for quite a long time.

[boty]

To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.

So long as we remain humans there is always the chance of human error. If human error does not exist at the point of beginning due to consciousness human error may come in later maybe due to laxity, or even emotional imbalance. If you're following in the steps and copying it to signals of high-profile traders always have it at the back of your mind that is always the possibility of human error and the analysis, and they can also make wrong calls, so do not trust completely and always.

It's true, every human being will certainly make mistakes even if they are very careful in what they do and we can't know for sure when this will happen, following the signals of other people who have a lot of experience in trading is certainly not something that can happen. wrong, but we must be able to understand exactly what we are going to do and don't let us just follow and not understand correctly what we are going to do in trading which makes us lose money in the trading we do.

[Sanitough]

To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.

So long as we remain humans there is always the chance of human error. If human error does not exist at the point of beginning due to consciousness human error may come in later maybe due to laxity, or even emotional imbalance. If you're following in the steps and copying it to signals of high-profile traders always have it at the back of your mind that is always the possibility of human error and the analysis, and they can also make wrong calls, so do not trust completely and always.

When trading, trust no one but only yourself. Even high-profile traders cannot be trustworthy when it comes to trading. They can succeed and make profits, but they also lose at times and mostly, the amount they lose is bigger than those they gain. Although novice traders can ask advices from high-profile ones, but always remember that what work for them may not be working for us. So never put on them the success of you trading. Trade on your own risk, and trade when you think you are ready to lose apart from making gains.

[Jatiluhung]

I'll give you two examples: Garreth Soloway ( featured in Kitco a few times ) and Davinci ( early Bitcoin adopter )
They both shorted Bitcoin at 50K - 49K. And quite likely they're both getting liquidated soon.
To me it simply goes to show anyone can be wrong, and you shouldn't be certain of anything short term.

It's just that they definitely put up margin and capital that they are ready to give up if they have to be liquidated. Or instead they have large capital and they have a price range that is far from the liquidation target. Because the margin they use may only be a few percent of the total capital they keep in their futures trading account. Especially if they use Cross. So I'm sure they will increase their capital and only use a few percent for their margin.

But yeah, all pro or beginner traders are almost the same. both definitely have faults and weaknesses. So it's not surprising that we often see millions of dollars liquidated in the futures market. And I'm sure those who are liquidated are not only beginners but also pro and well-known traders.

[moneystery]

what they did was like what paul toder did when shorting the american stock market which was falling at that time. at that time paul toder entered when the american stock market was bullish, and he speculated that there would come a time when the stock market would fall. and sure enough, when the american stock market dropped significantly, he managed to reap huge profits from it.

and most likely these two people hope that the bitcoin market will fall in the next few months and want to profit from this. well, only they know what their fate will be, because shorting like this requires quite a lot of money, and whether they have enough money to hold their position is something that matters.

[bluebit25]

Yep, they are just normal people and also make mistakes in decisions, it's just that the crowd around them likes to praise/judge their actions. I don't care too much about what kind of person they are, I just want to see how they are doing. Investing in any environment is the same, but the more you show off, the more you should compete. They can entice people with flashy ways to win people's trust and entice them to join.

The case here is not a scam, it is simply a wrong decision, but one should not look at a wrong action to say that they failed, because there have been and will be times when they will win.