Does your trades and strategies get influenced by others opinion?

[realfun07]

So we should not bother about others analysis or signals if we can do it by our own, and even if we dont have time to do all calculations we should cross-examine the tips or signals received from expert analysis.. right.

Yes that is right mate as you do not know that a signal from a friend or fellow trader is good enough to trade on or not.You can compare the signal with your analysis and then it will give you a much better idea bout the trade.

[mayengbam]

i think that not a better way to trade, others opinion may be counted while we do the analysis but regarding opening the positions it should be our own decision. we cant let other to decide what we do and its not only having low confidence in self but will hamper the development or improvement of youe own trading skills too

[dmambi]

Yes it happened to me few times and i got both mixed results from such influence.
since we are not sure about the analysis we have done, then such cases our mind searches for the reinforcement and in such act we get influenced by some other traders and loose the money.

[yogesh]

Whenever I trade i do it on the basis of my analysis and study and never get influenced by other traders or change my opinion on signals provided by others.I do analyze and consider them but stick to my study.

So we should not bother about others analysis or signals if we can do it by our own, and even if we dont have time to do all calculations we should cross-examine the tips or signals received from expert analysis.. right.

[realfun07]

Whenever I trade i do it on the basis of my analysis and study and never get influenced by other traders or change my opinion on signals provided by others.I do analyze and consider them but stick to my study.

[yogesh]

Many times it happens to me that i wanted to enter or close a trade but some one else give me an opinion and it influence my trade. Does it happen with you too?