Now I have been following Bitcoin since sometime now and even made decent profits. But recently I've been seeing so many people sharing Crypto Charts, and price movements. Boasting how they made big sum within short periods of time. I just wanted to know how accurate are those?
Can I trust these or should I do what other investors are doing and follow their lead?
Please do not mock my ignorance.
Thank you.
Can I trust these or should I do what other investors are doing and follow their lead?
Please do not mock my ignorance.
Thank you.
Don't waste your time on this. By copying and repeating after someone, you will not discover anything new for yourself and you will not learn anything. The best strategy is one based on one's own psychology, vision and understanding of the market. And other people's strategies, even if they are successful, you will never understand, simply because you see only superficially, but you will not understand how a person thinks, how he psychologically approaches trading and what little things he pays attention to.
Many newbies come to trading and start by looking for some other people's thoughts, signals, and so on. Someone will be lucky and he will find good signals, someone will try solid negative trades on signals. It is better to start learning your own, making money in trading will not immediately improve.
Then, if you yourself go through it, you will realize that you simply wasted time repeating after strangers and from this copying you did not advance anything in terms of learning trading.
Collect your statistics and only trade what you understand best.
