Is sharing insights the key to better trading?

[synchronym]

It is very important to adopt the strategy of trading in the same way as it is necessary to acquire knowledge in trading. Of course, in the field of trading, you have to acquire enough knowledge, after gaining knowledge, you have to check the market and make a long-term plan for trading. Many times we get impatient in trading, if we get impatient in trading then we can't do anything good in trading. Patience in trading is very important thing. Many times it is seen that we lose patience in trading without realizing it, so trading patience is a very important thing.

[FanEagle]

Not really, or maybe it is. We really can't decide who is sharing it and what is the insight, without knowing that we can't really make a decision. It is clear that there are many people with too many insights these days. Not all of them are good, we need to make sure that we are going to end up with something cool. At the end of the day we can't really make it work without making bigger strides.

I hope that people could see it getting better, and we need to make sure that we are going to end up with something that would help people profit better. If the person is smart and a good trader, and if the insight is a good one, then it could help not only themselves but also something that would benefit the whole world.

[Mauser]

You know, trading strategies are the backbone of how any trader approaches the market. Whether you're into day trading or future trading, a good strategy gives you structure and a framework to make informed decisions.

Lately, I've been seeing the importance of community and shared knowledge around trading come up a lot. Sometimes the best insights come from discussing charts, setups, and market sentiment with other traders. Since I'm posting this, I'm sure you guys will have some tips to share that I can use to trade more wisely.

I also take some insights from Bitget Insights and Binance Feed. Besides being great resources, I've noticed I'm earning a bit of $BGB for checking things out and interacting on the former exchange's Insights. It's a nice way to get a little something back while I'm learning. Don't you think it's a cool way to learn and earn at the same time?

I agree with you that having a good strategy is very important in trading. Without we are not going to make consistently positive returns if we don't have a strategy that we can rely upon. The opposite would be if we make gut decisions every time we enter or close a trade. This might lead to a few lucky trade, but is never going to make us long term returns. The big question is how we develop our strategy and if we should share it publicly. When it comes to sharing trading ideas online and discussing them with other traders, I think it's a good idea. Nobody knows everything and when exchanging our ideas with others we can get new insights that we might have missed otherwise. However, sharing our full strategies online seems a bit much for me. Maybe I am too secretive and feel like other people could take advantage of me, but when sharing a fully working strategy for free it could hurt me. The first issue would be that other people will copy that strategy and take away profit from the market. In case our strategy is time sensitive and uses market inefficiencies to make a profit, then more traders trying to do the same trade will reduce the inefficiency. Financial markets are very dynamic and a trading strategy is not going to be profitable for ever. So, it’s good to exchange ideas and information with others, but somethings should be left for our own use only.    

[Yamifoud]

Not really, or maybe it is. We really can't decide who is sharing it and what is the insight, without knowing that we can't really make a decision. It is clear that there are many people with too many insights these days. Not all of them are good, we need to make sure that we are going to end up with something cool. At the end of the day we can't really make it work without making bigger strides.

I hope that people could see it getting better, and we need to make sure that we are going to end up with something that would help people profit better. If the person is smart and a good trader, and if the insight is a good one, then it could help not only themselves but also something that would benefit the whole world.

It is important to know how reliable is the source or just nonsense. Yes, there is no other person to decide other than us and there is no other person to say this is right or wrong but just ourselves. That is why we don't have to dive into something that we never clearly knew it instead, have time to evaluate and reconsider if that is worth it.

There is no other way to make better and improved but just ourselves. We can be better, better than others if we never stop learning. We just think that we can listen to others' advice but not all are effective, that still depends on our trading style.

[joeperry]

Don't you think it's a cool way to learn and earn at the same time?

That's great actually! Sharing your knowledge and earning at the same time, I agree with your statement that sometimes you'll learn a lot and have a better understanding on getting a position in trading, sometimes it's not bad to hear other people's insight as you might give you more information and might expand your perspective regarding the market but sometimes you'll encounter useless information and insight but no matter what, you'll still get more ideas in the community that's why there's also a good way to share your strategy and insight and also let them criticize (constructive criticism) your idea.

[R100K-Martin-Lunger]

You know, trading strategies are the backbone of how any trader approaches the market. Whether you're into day trading or future trading, a good strategy gives you structure and a framework to make informed decisions.

Lately, I've been seeing the importance of community and shared knowledge around trading come up a lot. Sometimes the best insights come from discussing charts, setups, and market sentiment with other traders. Since I'm posting this, I'm sure you guys will have some tips to share that I can use to trade more wisely.

I also take some insights from Bitget Insights and Binance Feed. Besides being great resources, I've noticed I'm earning a bit of $BGB for checking things out and interacting on the former exchange's Insights. It's a nice way to get a little something back while I'm learning. Don't you think it's a cool way to learn and earn at the same time?

Absolutely, sharing knowledge can definitely improve your trading progress. You can access a wide range of experiences by connecting with others and that in turn can help you refine your approach and decisions. My strategy for example leverages a Human-in-the-loop AI system, that focuses on asset rebalancing to improve our returns. My strategy isn't simple holding, but actively adjusting my portfolio to match market movements. Thats My strategy at least.
If you would like to discuss this further, you can contact me via my Discord: https://discord.gg/dCvaBZWNcG

[Hypnosis00]

Don't you think it's a cool way to learn and earn at the same time?

That's great actually! Sharing your knowledge and earning at the same time, I agree with your statement that sometimes you'll learn a lot and have a better understanding on getting a position in trading, sometimes it's not bad to hear other people's insight as you might give you more information and might expand your perspective regarding the market but sometimes you'll encounter useless information and insight but no matter what, you'll still get more ideas in the community that's why there's also a good way to share your strategy and insight and also let them criticize (constructive criticism) your idea.

Perhaps, listening and hearing insights from experienced traders helps us improve and gain more ideas in return but it doesn't mean that we could be like them. I said NO and why? Because we all have different opinions in making a decision and an evaluation in a particular situation making you and me have different results. This is the fact that we can't change which is why not all traders become successful even though we follow the same person and the same strategies still, it results differently.

Of course, there is a big changes as we learn more and bigger chances to earn more but yes, it generally depends on a trader and how they manage themselves, especially in dealing with their emotions.