November 14, 2015 at 6:33 am
So true Jerrie! I made that mistake a while back. I followed a guy that gave free trading signals. What a mistake. Yes he had some winning trades, but overall he lost most of the time. While following his signals I would analyze the market myself to see where potential trades are. Many of the times when he says buy I would have sold according to my analysis. When he said sell my analysis would say buy. More often than not my trades would have won if I went with them and not his signals. I was still new to the game and he claimed to have been doing it for a few years… so what did I know?! Anyway I finally decided that enough is enough and I took the leap to trade on my own and follow my analysis.
The verdict: I’m at least at breakeven more or less at the moment. It’s far better than losing with his signals. It’s only a matter of time before I break through and start making profits.