Lately, I've been seeing the importance of community and shared knowledge around trading come up a lot. Sometimes the best insights come from discussing charts, setups, and market sentiment with other traders. Since I'm posting this, I'm sure you guys will have some tips to share that I can use to trade more wisely.
Joining a community and sharing insights there are good ways to improve our knowledge in trading. However, we must have the basic of trading knowledge first before we are sharing insights there. If we have lack of the basic of trading knowledge, sharing insights won't impact much. It is because we must be confused which one should implemented for our trading. When we are sharing insights, there must be too many suggestions or tips for trading. As a trader, we must understand that it is not a must to apply all the strategies in trading, just choose the strategies that fit with our trading style.
While it’s a good idea to share and benefit from shared insights, it’s also a must to educate yourself first and make sure you’ve gained already the basics in trading. That way, even if you benefit ideas from the trading community, you can also make your own analysis at the end of the day. Learn from others trading ideas and strategies but have your own final touch, at least you can increase your chances of profiting from your trades.