That was a mistake I made when I was first learning about trading and just starting out with real money. You understand how difficult it is to learn everything about trading, especially market analysis. It's incredibly difficult, and that's what led me to try trading by relying on predictions from other people in groups or channels.
Initially, I was profitable, but over time, the results changed drastically. The average result per session was a loss, and it even led to me experiencing a trading loss. After evaluating it, it's true, as you said, that there's absolutely no guarantee of profit, regardless of whoever's predictions we follow. Now, I prefer to trade independently according to my abilities and knowledge.
It is the right choice, as you gather your own experience, and you can learn from there to develop your trading skills. Copying the trades of other traders does not guarantee that we will continue to make profits.
It is very incorrect to say that it does not require actual trading knowledge. Traders can indeed copy trades from other traders, but without knowledge or experience, it might be like you are betting based solely on the speculation of others. No wonder many novice traders see trading as gambling.
Yes, after experiencing that, I realized that the best strategy is the one we create ourselves. I also realized that a strategy that works for others might not work for us. From there, I began to realize that I had to create my own strategy based on the learning I'd done and the knowledge I'd gained through the learning process.
On the other hand, I also learned that every successful trader has their own unique formula, and that's why they consistently generate profits.
It's not really a problem to copy another trader's strategy, but my advice is to evaluate or correct it before executing it. I usually do this when I occasionally trade using someone else's strategy. When I feel confident, I execute it, or vice versa.
With that edge slowly forming the view of the market starts to change instead of chasing every move or every hype there’s more patience in waiting for setups that match the plan and even sitting on the sidelines feels like part of the strategy because not trading is also a decision the wins may still come and go but the difference is in the control over losses keeping them small and manageable so the account can survive long term.
As more time passes the experience adds layers to the strategy little tweaks here and there based on what worked and what didn’t until it becomes something unique and natural and even though the market will always be unpredictable the trader no longer feels lost because there’s a framework to follow and confidence grows with each session the journey is long but that’s where real progress lives in showing up every day learning from mistakes and building a style that no one can take away.