Post
Topic
Board Trading Discussion
Re: Trading on your own vs social trading and copy trading
by
Kelward
on 06/02/2024, 10:53:45 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?

You can't say that you are overtrading because if you are a responsible trader, you will know how to limit your trading and limit your losses as well. But let's say if you are just starting to trade, then it's always best to learn from your own trades. Do not be afraid to commit mistakes and losses because that will be your great motivation to improve your trades and become professional and profitable traders in the future. Furthermore, know that trading signals can never be reliable the whole time. They might work at some point but you will know your trades will work better if you rely on your own knowledge and skills as a trader.

Experience is the best teacher, if you don't work it out by yourself and continue to rely on others to guide you in your trading, then you'll never build personal confidence, the important thing is to get the knowledge of fundamental and technical analysis first. Make your mistakes and learn from it, but always remember, especially for newbies to trade amount that you can afford to loose, in order to minimize loses. It's said that we should learn from other people's mistakes, but crypto trading is perculiar because despite your knowledge about trading, loses will still happen, so learn what you can from others and build your own trading parten