Influencers and trading Today I want to make a post about influencers and the crypto market.
The most important thing for you to understand is that no one, absolutely no one can know the future. People who share ideas on any social media are ordinary people who analyze the market just like you. The only difference is they post it on social media.
No one anywhere ever says and has never said that these people know more than you. A person who has 20 followers on X can have more correct ideas than someone who has 100,000 followers. And that's normal.
You also don't need to listen to and believe everything that world magazines, excerpts and analysts tell you. Big hedge funds with billions in their accounts make wrong predictions and that's okay. It is important that at the distance you are in profit and not loss. This applies to both the investment portfolio and daily trades.
Remember, all responsibility for YOUR money always belongs to YOU. All the actions you take or not take on the market, you do by yourself by pressing the buy or sell buttons or dont touching any button. If you give your funds to someone in trust management, it is only YOUR personal choice. If you follow and copy some trades of an influencer in copy trading, it is YOUR personal choice. No one is forcing you to follow anyone at all, copy their deals, or follow any signals. There is always a 50/50 probability of price movement in the market. All responsibility for your profit or your loss on YOU.
Influencers are ordinary people who run their own blogs where they share ideas, to someone these ideas may be close to someone not, this does not mean that this ideas is bad or good. A person is simply sharing his ideas. No one is forcing you to watch videos or subscribe to channels or any accounts. All people can make correct and incorrect predictions by analyzing the market. The only question here is whether you have your own plan or not, because most likely the influencer has a plan for any result in the market. And he knows what he will do if the market goes down or up. If, after seeing an idea, you are not ready for a completely different scenario, this is your personal problem. Social media is free and people launch blog about training, cooking, painting, they share their experiences and ideas, so do traders share their experiences and ideas.
No one influencer owes YOU anything. This is a person who runs his own blog, because social networks are a place to express his thoughts and ideas. If the influencer makes the correct forecast, he is well done, if not, everyone starts laughing at him. Everyone makes correct predictions and incorrect ones. This is normal. At least the influencer has his vision of the market, and if you don't have it at all, then the only loser in the market is you, because you don't know how to analyze the market at all, you don't know how to do it, and you watch dozens of bloggers to find out the Graal. I also noticed such a thing, if the forecast is correct and the idea worked, someone made money, for some reason no one writes the blogger, thank you for the idea, let me share % of the earnings with you, but if the idea turned out to be wrong, everyone blames the blogger for allegedly losing money because of him. This is the stupid nature of people who are always looking for people to blame for their mistakes in everything. No one owes you anything on the market. All your victories and defeats are solely your responsibility.
Which influencers should definitely be avoided . Just an entertaining type of content where you are shown that trading is easy, no it is not easy. Trading is a profession and requires knowledge, skills, experience and daily analysis and work with oneself in terms of psychology. If an influencer simply posts every day “write 10 altcoins to buy now” “what you can buy $10,000 now shill me your tokens” this is just content for engagement. Many influencers earn more from referral links than from trading itself. Many exchanges offer conditions where traders conditionally trade with virtual funds and show their phenomenal trends, but these are not real funds, but simply luring new users to the platform, where the influencer will receive a % of each of your trades, whether it is successful or losing. It is good to be a partner with exchanges, because an influencer can help in case of blocking someone's account, can directly contact a representative of the exchange, help someone from the subscribers, has access to discounts and promotions on exchanges that give bonuses. It is important to understand that you do not need to follow a blogger just because he promises you some super discounts. It is not necessary to trust 100% of funds and believe in signal groups even if it is a free group. A person can simply give signals and they will be either true or false. All responsibility lies with YOU anyway. No need to pay for signal groups, no one is going to make YOU rich for $200 a month waiting for some signals. Do not be fooled by promises that in 2 weeks you will be able to trade in a profit. Avoid influencers who constantly send you some new tokens, always check the information yourself and do your own analysis. Very often, when a new token is created, an amount of money is allocated for marketing and scam projects pay influencers to advertise the token. It is possible that the influencer himself does not know the plans of the team, but be respectful and work on the power of the research in the future.
Influencers and courses - The most valuable resource in life is time. There is no information in the world that you will not find in the public domain - this is a fact (well, we do not take various inside stories, very large connections, etc.). However, how long will it take you to obtain this information, find everything you need, gain experience, etc.
I haven’t seen people who learn English from open sources; most go to a tutor. For what? You can open the Internet and learn a new language yourself.
If a person values his time, he goes to study with a professional. Some may not succeed, some may not have two free years to fully study crypt, etc.
Friends, it is normal to learn something. Buying training and courses if they are individual and personal is normal. But here, each person has his own approach. It’s easier for someone to learn everything on their own (for me its easier because I love learning something new by my own) , or it’s easier to learn information from a teacher, or it’s better to learn from books, or it’s better to learn from video lessons. Some need to take training offline, some need individual classes, and some need group classes.
Before you buy any training again, analyze why you are buying it, what YOU need it for, and think about who you would like to get trained with. Now everyone want to be a coach so double check what courses you looking to join.
Indicators . The indicators are a tool and not a charming money button. Standard tools and original products such as writing code, focusing on evidence and analytics. Indicators are the greatest additional tool for a trader because indicators can analyze data on different time frames in real time, providing more information for analysis and decision-making. The indicators does not carry the emotion of, they just show a picture of what is going on in the market now. The indicator cannot predict a new posts in media that can appear at any moment, the indicators cannot predict what Jerome Powell or Elon Musk will say in twitter next moment, the indicator is an excellent tool that you can successfully integrate into your trading strategy. On backtest you can find more confirmation from the indicators of your trading strategy and significantly improve the success of your trading. It show you wider picture and data to confirm or deny your technical analysis. Therefore, with proper use of indicators, they will become your reliable assistant, if not a charmer.
The deposit amount is yours and that of the influencer. Don’t think that an influencer posts great PNL and great earnings numbers, he trades better than you, or know something better than you 100%. You can simply buy a token at an early stage and earn your first capital. Main thing is not the size of the deposit, but discipline and trading at a distance. There is a lot of stories when people bought for example by luck or randomly Shiba Inu or Pepe, took away hundreds of thousands of dollars in profits, and then the traders lost the entire deposit. If you have a deposit of 1000 dollars and in whom there is absolutely no difference between you and 100 thousand, there is no need to be jealous of yourself and think that you are not successful. As soon as you earn your % from 1000 dollars and work systematically following your strategy, you doing everything correctly. Then you can simply scale your income and improve your skills and strategy. What is important at a distance is the percentage of winning trades and not the one time income. A person with a 100 thousand deposit can spend all the money if the risk management and self-esteem are not protected. Moreover, when the numbers are higher, your emotional and psychological state does not suffer. You are doing everything right. Don’t let social media and “luxury” lifestyle spill into your path as a trader.
Filter your news feed and maintain hygiene on social media. Continue to practice and improve your knowledge, skills and trading strategy. If you like the thoughts, ideas, and market dynamics of any influencer, you can follow him, looking for new ideas and a different look at the market that can give you new information for your analysis. But always DYOR and take 100% responsibility for your actions
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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