Post
Topic
Board Trading Discussion
Re: Trading on your own vs social trading and copy trading
by
pusaka
on 03/02/2024, 08:36:26 UTC
I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?


It is really the argument that follows from "Give a man a fish and he eats for a day. Teach a man how to fish and he will eat for life". Same here. Except this is more about cryptocurrency and trading. Tongue

But you are right to worry about over-trading. Those trading fees add up to a large amount. A lot of traders, especially newbie traders, whittle away their money little by little until a very large chunk of it is gone. And why? Because they wanted to enter and exit trades out of panic or some other pointless reason.

Trading fees are really silent money-eaters.


This is part of the process in my opinion, maybe it would be easier to copy trade, but as you said it is the same as giving us a fish that can only be for a day, whereas if we learn and develop our own strategy it will be useful as long as we want to trade.
Now the problem is that many people don't want to go through that process, in the sense that they just want to get something in an instant way. I don't deny that who doesn't want to get something instantly, but here I just want to say that it's better to go through all the processes so that we can develop even more, rather than producing something instantly but we feel it in a short time.