Trading along, vs being in a community.. which fastens your progress?.

[Obari]

Price action this year has been pretty challenging. I don't know if I'm the only one who's noticed this, but it feels like the market has been full of manipulation lately. Key levels don't seem to hold anymore, OBs fail, etc.

I got frustrated and stopped trading for about three months. Then I came across a thread on Reddit about how trading communities can help build confidence, offer different perspectives on the market, and help traders connect with like-minded people.

I thought about it and decided to join a few communities. I've learned about confirmation entries as a way to improve my win rate, and we also push and encourage each other whenever we don't hit stop losses😃

The point of this post is: Do you think joining a trading community can improve your market insight and win rate, or is trading alone the better option?

As long as is about gaining trading knowledge then I would agree with you that Joining a community will do more good than trying to figure out everything by ourselves and the essence of being in a trough with like minds who are interested in same thing  would share ideas on how to trade and make profit and being in a sure a group will expose us to several other private strategies people have that you might not know about is you're doing it solely.

[Phoenixtrader]

Price action this year has been pretty challenging. I don't know if I'm the only one who's noticed this, but it feels like the market has been full of manipulation lately. Key levels don't seem to hold anymore, OBs fail, etc.

I got frustrated and stopped trading for about three months. Then I came across a thread on Reddit about how trading communities can help build confidence, offer different perspectives on the market, and help traders connect with like-minded people.

I thought about it and decided to join a few communities. I've learned about confirmation entries as a way to improve my win rate, and we also push and encourage each other whenever we don't hit stop losses😃

The point of this post is: Do you think joining a trading community can improve your market insight and win rate, or is trading alone the better option?

As long as is about gaining trading knowledge then I would agree with you that Joining a community will do more good than trying to figure out everything by ourselves and the essence of being in a trough with like minds who are interested in same thing  would share ideas on how to trade and make profit and being in a sure a group will expose us to several other private strategies people have that you might not know about is you're doing it solely.

Exactly and also the motivation to keep going

[stepwilli]

As long as is about gaining trading knowledge then I would agree with you that Joining a community will do more good than trying to figure out everything by ourselves and the essence of being in a trough with like minds who are interested in same thing  would share ideas on how to trade and make profit and being in a sure a group will expose us to several other private strategies people have that you might not know about is you're doing it solely.

These communities can be really useful to enhance our knowledge. In individual trading, we are almost limited to our own resources which many times get outdated. If in a community, we can always remain updated to the markets and can also share valuable resources which can save hours of research time.

Even if 10 active traders are able to share valuable insights in these communities, that will save a few hours of the rest. Also asking or answering questions in these communities really helps our trading journey. At least until we gain necessary experience, we should try and remain a part of this community because we can always look at them in terms of a bad event. If you have like-minded people, you will also try and be as dedicated as possible.

[B2Z]

If a trader joins a community in a completely new situation, it can be somewhat positive for him. In a new situation, there is usually no idea about many things related to trading, so some ideas can be taken through the community. However, it is not possible to enter the community and be guided by a community member. Moreover, there are many types of fraudsters in such communities who target newbies and try to explain a lot about trading by giving personal messages to newbies. Basically, the purpose of such fraudsters is to cheat newbies, so new traders must be careful about these things even after joining the community.

Another thing is that even after joining the community, a trader has to make a complete decision about trading. If someone in the community shows a coin and says, "Buy this coin," you cannot immediately buy that coin, but you have to think with your own knowledge whether buying this coin at this time will actually be profitable for me later.

[Ishicryptic]

As long as is about gaining trading knowledge then I would agree with you that Joining a community will do more good than trying to figure out everything by ourselves and the essence of being in a trough with like minds who are interested in same thing  would share ideas on how to trade and make profit and being in a sure a group will expose us to several other private strategies people have that you might not know about is you're doing it solely.

These communities can be really useful to enhance our knowledge. In individual trading, we are almost limited to our own resources which many times get outdated. If in a community, we can always remain updated to the markets and can also share valuable resources which can save hours of research time.

Even if 10 active traders are able to share valuable insights in these communities, that will save a few hours of the rest. Also asking or answering questions in these communities really helps our trading journey. At least until we gain necessary experience, we should try and remain a part of this community because we can always look at them in terms of a bad event. If you have like-minded people, you will also try and be as dedicated as possible.

Two heads are better than one so joining a trading community to share strategies and new ideas is a plus for every members, you can't know it all so it's refreshing to know what other like-minded traders think. Trading can be tiring sometimes especially when you're not making profit so it's not bad to rub minds with traders that have also been there and can share tips with you. As far as you're not paying for trading signals you can be in a community because I've always reasoned that if any traders have a sure signal they won't share it for peanut they will use it to make a lot of profit without looking for who they will sell to. We should beware of scammers in any crypto communities that we belong.

[savetheFORUM]

I think that's one of their tactics that they'll make improvements and help with individual trades by teaching the basics of trading. But then, when he's seen enough rapport and they're being trusted by the start up community they're building. That's when they'll start to shill coins and make profit out of it by pumping one and making them as their liquidity that they'll use to exit eventually without notifying their members. So, it happens and people who are used to jump into different communities to improve their trading skills need to adhere with that caution.

That's why we should not rely on a single source to learn trading. No one is going to teach us for free unless there is some selfish motive behind. These communities can assure they can teach you trading and at the start, they can also give some easy signals which will make trading look like a money printing machine. They make trading look a lot easier than it actually is which attracts these new traders. These new traders start buying anything and almost everything these communities suggest.

That is because these new traders come with fresh money and unfortunately, that fresh money flows in shilled coins. Only the ones pumping that coins are actually going to make any profits and these new traders will start experiencing losses.

[Muba20]

As long as is about gaining trading knowledge then I would agree with you that Joining a community will do more good than trying to figure out everything by ourselves and the essence of being in a trough with like minds who are interested in same thing  would share ideas on how to trade and make profit and being in a sure a group will expose us to several other private strategies people have that you might not know about is you're doing it solely.

These communities can be really useful to enhance our knowledge. In individual trading, we are almost limited to our own resources which many times get outdated. If in a community, we can always remain updated to the markets and can also share valuable resources which can save hours of research time.

Even if 10 active traders are able to share valuable insights in these communities, that will save a few hours of the rest. Also asking or answering questions in these communities really helps our trading journey. At least until we gain necessary experience, we should try and remain a part of this community because we can always look at them in terms of a bad event. If you have like-minded people, you will also try and be as dedicated as possible.

When trading alone, there are often many limitations in analyzing the information you know. It is not clear where you are going wrong and where to stop. But in a good community, there are many opportunities to learn from the experiences and opinions of others. When many active members share information, you get a new perspective on the market, and the time spent searching for the same topic over and over again is also greatly reduced.

If you do not understand something, you can ask questions there, and you can share your knowledge with each other in a nice way. In this way, one can learn a lot from each other. However, it is not right to make decisions just by listening to others, but it is best to verify the information yourself.

[passwordnow]

I think that's one of their tactics that they'll make improvements and help with individual trades by teaching the basics of trading. But then, when he's seen enough rapport and they're being trusted by the start up community they're building. That's when they'll start to shill coins and make profit out of it by pumping one and making them as their liquidity that they'll use to exit eventually without notifying their members. So, it happens and people who are used to jump into different communities to improve their trading skills need to adhere with that caution.

That's why we should not rely on a single source to learn trading. No one is going to teach us for free unless there is some selfish motive behind. These communities can assure they can teach you trading and at the start, they can also give some easy signals which will make trading look like a money printing machine. They make trading look a lot easier than it actually is which attracts these new traders. These new traders start buying anything and almost everything these communities suggest.

That is because these new traders come with fresh money and unfortunately, that fresh money flows in shilled coins. Only the ones pumping that coins are actually going to make any profits and these new traders will start experiencing losses.

It is true, no one is going to waste their time helping other to become profitable trader for free. Maybe if someone is truly rich and made it in life and they're looking for a purpose and found it through teaching. While this can be a real possibility but, I doubt it that many are there in the crypto space. Most of them are offering help because you'll even help them more in return. I've seen a lot and describing those methods they were teaching as money printers but, I guess that it's all deception and needy guys fell for those words and gullible for how sweet in talking they were.

[Miles2006]

The point of this post is: Do you think joining a trading community can improve your market insight and win rate, or is trading alone the better option?

Getting it right alone as a first time trader is always difficult, do beginners really trade alone? If the answer is yes probably they are just lucky.
Trading community serves as a helping hand, every knowledge shared in the trading community goes a long way either most informations are unknown. The common idiom “two heads are better than one“, several traders go extra mile paying for tutor so they can afford the basic knowledge to help improve their trading skills.
The market looks manipulated, you only think this way when the market is not in favor of your trade definitely the market price is not always stable.

[Donk1]

Well there is no better option it's your choice. To me everyone's brain works differently. Most folks like trading alone because they feel if they trade with other people, they might end up panicking because the way each individual views the market is different, and if different ideas come together in the market that don't align, they might end up making each trader confused in their own psychology of the market. But yeah if your psychology matches, then you are good to go. It goes both ways. Best to say trading with a community is good as it deals with real world folks and experienced traders. That's all.......

[2Pizza410000BTC]

Price action this year has been pretty challenging. I don't know if I'm the only one who's noticed this, but it feels like the market has been full of manipulation lately. Key levels don't seem to hold anymore, OBs fail, etc.

I got frustrated and stopped trading for about three months. Then I came across a thread on Reddit about how trading communities can help build confidence, offer different perspectives on the market, and help traders connect with like-minded people.

I thought about it and decided to join a few communities. I've learned about confirmation entries as a way to improve my win rate, and we also push and encourage each other whenever we don't hit stop losses😃

The point of this post is: Do you think joining a trading community can improve your market insight and win rate, or is trading alone the better option?

It is not possible to learn anything alone but when you join a community and take advice from everyone and meet, then slowly an inexperienced person can become an expert but unfortunately I have not found a good community so far where I can join and learn something good about trading and other topics. I have been late so far and even if I have not done much, I have tried on my own and tried to move forward by trying on my own but to no avail because as I said before, it is much better to learn in a community than to learn by trying on your own.