Quote from: Dave1 on Today at 02:19:33 AM

Quote from: palle11 on March 04, 2022, 03:55:34 PM

Quote from: mk4 on March 03, 2022, 01:28:49 PM

99% of "trading signals" are used by traders(or con artists) to pump or dump a specific coin/token for them to increase the likeliness of them winning their long/short position.

That is just what it is. The moderators and admins of such channels can buy some shit coins at a very cheap and ridiculous price in large unit and they will call for a buying time signifying to members to buy. Obviously when plenty hands make an order for buy much more people in public will also run after the coin, this will shoot price up, volume will rise and the moderators, admins plus few other lucky people sell of then the price crashes. This kind of game continues into another coin. It is just a business with signal groups.

Yes, that have fill their bags way better the announcement on their so called official but private channel. And then they ask all the members to wait for their signal to buy and then boom, they are the one who sells the first taking huge profit. While the people down stream are taking the heat because they don't have the time to sell at the right moment.

One group signals like these then the ones who do make big profits are the ones who do really able to enter early but for those who do able to enter late then they are the ones would really be leaving be hanging on the air.
Thats why its not really ideal on making yourself do get involved and its better to trade on your own and wont be following any signals or something that been suggested specially if you do see it on groups.
Better to trade on using up your own analysis rather than on depending on someones calls, you wouldnt know that you are just been used for their own benefit.