🔷 Trade with self made policy don’t copy others style of trade, what works for you doesn’t work for me.
I agree with your other points except for this one. Controlling emotions and using stop losses are very important in trading. We need to have some kind of rules in place to but rely on our stomach. Our gut feelings are not going to make the right decisions and in the long run we are likely to lose money.
But for new traders it can be very helpful to look for other strategies and try to copy them. Why shouldn't a strategy that works for you not work for other people? We all face the same market, the same prices. A profitable trading strategy can be used by anybody. Sure if there are enough traders doing the same trades then the return will eventually disappear, but it's still profitable in the beginning.