I don't think most of the crypto traders have mentors for two reasons . One is because this is the field dominated by small scale traders who do this with few thousand dollars at maximum and the second one is the crypto trading field is fairly new compared to the traditional way of trading assets so the mentors will have no better understanding other than the basic of trading.
And also I don't think having one is not going to increase the success by 50% that's just an assumption that we say to ourselves.
Topic: Do you follow your mentor guidelines or do you follow your lust? - page 2. (Read 356 times)
December 20, 2024, 12:19:28 PM
December 20, 2024, 12:07:28 PM
I don't have any mentor in trading and I am into spot trading. It's stressful and messes with my emotions which made me to give up on it after some losses. It's not everyone that claims to be a good trader that knows how to trade, which makes it hard to see a good mentor. I have stopped trading currently, and I am only investing and hodli for the future, so that I don't regret my actions.
December 20, 2024, 10:50:54 AM
One of the popular alternative sources of income for cryptocurrency enthusiasts and forum members is trading, trading requires skills and these skills come with a long time of practice which gives birth to mentorship in cryptocurrency trading, most of us believe and agree that having a mentor in trading increases your chances of success by 50%, but the problem is that most of us traders still lose heavily all because we refuse to follow the right trading path.
What do you do and what is your success recorded, do you follow your mentor's guidelines and advice?
Do you follow your instincts and if yes what are the results you got in terms of the profits ratio against the loss ratio?
When it comes on learning trading then it will really be that up to you whether you will really be needing a mentor or not. We do know that there are individuals who are really that good when it comes on making up some research on the things that they are dealing into. When it comes to trading then it will really be that up to you on which path you would really be taking whether you do need a mentor or not. You will be needing up to have that kind of adjustment on which it will be according into your preference because not all with be having that the same sentiment and views or actions towards trading. Having a mentor isnt really that bad as long you do see its relevance on the moment or time that you do deal up with trading.What do you do and what is your success recorded, do you follow your mentor's guidelines and advice?
Do you follow your instincts and if yes what are the results you got in terms of the profits ratio against the loss ratio?
Actually everything will really be that depending into your effort because when it comes to trading then this is something that you can be able to learn on your own. If you arent that good when it comes on learning path then this is the moment that you will be needing up to consider on getting a mentor on which it could be free or something need to pay. Its important that you should follow on where you do find yourself be able to have that kind of benefit or you do make up that learning having progress.
December 20, 2024, 09:07:15 AM
I’m actually self-taught in trading, and I don’t insist following instinct either. Because for sure it will only lead to emotional bias if I chose to trade with different emotions that could only result into wrong decision making.
However, if you already gained a good experience in trading, have developed risk management and technical analysis, following your instinct is never bad at all. Because your learning experiences will eventually processed in your instinct, thus having your instinct this time will turn reliable and useful when trading.
However, if you already gained a good experience in trading, have developed risk management and technical analysis, following your instinct is never bad at all. Because your learning experiences will eventually processed in your instinct, thus having your instinct this time will turn reliable and useful when trading.
December 20, 2024, 08:47:12 AM
...What do you do and what is your success recorded, do you follow your mentor's guidelines and advice?...
I'm interested in who do you consider the mentor? Obviously, this is the admin of some anonymous telegram channel that publishes trading signals and which gives you advice on how you should trade. The reality for me is that there are few who can afford real mentoring from a profit trader, as it costs too much. And what is offered cheaply or for free is a hack.
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December 20, 2024, 08:08:52 AM
What do you do and what is your success recorded, do you follow your mentor's guidelines and advice?
Do you follow your instincts and if yes what are the results you got in terms of the profits ratio against the loss ratio?
Do you follow your instincts and if yes what are the results you got in terms of the profits ratio against the loss ratio?
I don't have any mentor but I did learn some strategy from videos I watched on YouTube, plus some strategies I learned from other traders in my place, I do make profit from trading every week and I can say that my success rate is good but some weeks is not usually good not because I don't make success but because I also allow my emotions to take the deepest part of me which can contribute to lose. Having a mentor is good because since the person is more experienced than you, they can help to guide you when you are going wrong, they can help you stay in tracks when you are deviating from self discipline.
December 20, 2024, 06:41:51 AM
Actually I don't have a trading mentor, there are some good analysts that I follow on Telegram and I see their analysis and take their advice sometimes but not all the time.
In general I follow my basic instincts in trading, I don't rely on technical analysis but on fundamental analysis based on my experiences and expertise in the market and some news and analysis from here and there, as for the results, they were bad at the beginning but they are constantly improving with time and gaining more experience.
In general I follow my basic instincts in trading, I don't rely on technical analysis but on fundamental analysis based on my experiences and expertise in the market and some news and analysis from here and there, as for the results, they were bad at the beginning but they are constantly improving with time and gaining more experience.
December 20, 2024, 06:12:39 AM
What do you do and what is your success recorded, do you follow your mentor's guidelines and advice?
Do you follow your instincts and if yes what are the results you got in terms of the profits ratio against the loss ratio?
Having a mentor gave me a boost rate of about %65 in my trading journey. And not just any mentor mate, you need someone who has made it real time from trading the market and has the ability to understand different market situation. This way, you learn from them what took them years to uncover on their own. Trading is about experience. And even after learning from a good mentor, you still have to put what you learnt from them into practice and see how it works I'm the market. Remember it's a marathon not a sprint, you can never learn the art of trading in one day..
December 20, 2024, 05:42:56 AM
Do you follow your instincts and if yes what are the results you got in terms of the profits ratio against the loss ratio?
Yeah sometimes I followed my instinct but Im not an active trader and got some nice profit goes the same with the loss part. Trading crypto is very volatile and we cant always outsmart the movement of any coins or tokens out there. But having a mentor will definitely give us good edge since they already knew the potential speculation or analysis with the trade. 
December 20, 2024, 04:17:20 AM
One of the popular alternative sources of income for cryptocurrency enthusiasts and forum members is trading, trading requires skills and these skills come with a long time of practice which gives birth to mentorship in cryptocurrency trading, most of us believe and agree that having a mentor in trading increases your chances of success by 50%, but the problem is that most of us traders still lose heavily all because we refuse to follow the right trading path.
It makes no sense to have a mentor if we don't have a plan to follow what they advise. Indeed, most of us fail because we make our own discoveries instead of having those tested and proven strategies that our mentors are saying. We just do this when we are alone, but while we still have our mentors, we pay respect to them and follow. Quote
Do you follow your instincts and if yes what are the results you got in terms of the profits ratio against the loss ratio?
The results look like a roller coaster depending on the market condition.
December 20, 2024, 04:16:45 AM
One of the popular alternative sources of income for cryptocurrency enthusiasts and forum members is trading, trading requires skills and these skills come with a long time of practice which gives birth to mentorship in cryptocurrency trading, most of us believe and agree that having a mentor in trading increases your chances of success by 50%, but the problem is that most of us traders still lose heavily all because we refuse to follow the right trading path.
What do you do and what is your success recorded, do you follow your mentor's guidelines and advice?
Do you follow your instincts and if yes what are the results you got in terms of the profits ratio against the loss ratio?
What do you do and what is your success recorded, do you follow your mentor's guidelines and advice?
Do you follow your instincts and if yes what are the results you got in terms of the profits ratio against the loss ratio?
If I don't know what I am doing and I trust my mentor regarding on his decision making for sure that I will follow all the advice he give to me. Since following your lust for wanting to earn more will provably give us bad result. Since its like we are doing something crazy which is not actually part of our plans.
So far doing good on my past trades way back few years before for listening to good people around. But right now I'm not doing any trades and just decide to HODL especially with Bitcoin.
Yes I follow my instinct to, that's why we also need to verify each information we receive since this is how we became more better trader or investor.
December 20, 2024, 03:39:07 AM
Do you mean copy trading or learn more trading skills, listening to advice is one thing and copying a trading plan is another.
For now the best thing to do is to invest as trading may give less profits compared to Bitcoin.
For now the best thing to do is to invest as trading may give less profits compared to Bitcoin.
December 20, 2024, 02:49:15 AM
I have no mentor and what I do to keep winning is just following the right trading path, the only thing that holds me back is that I don't really want to trade with big margin as part of my risk management but also hardly making me big profit in one go but I'm already content anyway.
I can say that my win rate is pretty good, though scattered across various exchange so I can't summarize but I've been doing pretty well, the thing that help me stay profitable is risk management and only trading when risk is at low level and what I mean by that is, if sudden dump occurs like BTC going down from $102k to $92k suddenly, i will open long position, wait for the market to go back up again and take my profit. there's a catch though, such event doesn't happen too often so you'd trade probably 2-3x a week, but I can assure you that everytime that happens and you happen to ride the train, you'd profit good.
I always do that and getting profit is easy. there's sometime when price just keep tanking and I got my SL triggered but it's just small loss, after all the essence of trading is profitting big and limit lose.
I can say that my win rate is pretty good, though scattered across various exchange so I can't summarize but I've been doing pretty well, the thing that help me stay profitable is risk management and only trading when risk is at low level and what I mean by that is, if sudden dump occurs like BTC going down from $102k to $92k suddenly, i will open long position, wait for the market to go back up again and take my profit. there's a catch though, such event doesn't happen too often so you'd trade probably 2-3x a week, but I can assure you that everytime that happens and you happen to ride the train, you'd profit good.
I always do that and getting profit is easy. there's sometime when price just keep tanking and I got my SL triggered but it's just small loss, after all the essence of trading is profitting big and limit lose.
December 20, 2024, 02:16:04 AM
Those are not two different stuff, you can sometimes follow the guidelines, and sometimes follow your own greed. Doesn't mean that you have to pick one or the other for 100% of the time, it doesn't even mean that you can't follow more than one guideline from multiple mentors as well.
Honestly, there aren't that many great mentors in the crypto world because most of them have no idea what they are even doing, but at the end of the day we are dealing with making a better profit for ourselves so if you can find any decent ones then caring about what they say would be very important, just make sure they are actually a good mentor and not just some bad mentor acting like they are a good mentor because there are a lot of those too.
The combination of both guidance and personal approach is somewhat key to at least staying with reality and increasing your success rate in gambling because there are times that your mentor can be wrong in their analysis so in those times, relying on your approach and skills can give you an edge over the mentors own decisions, I know trading have to do with a lot of technical knowledge more than it is a guess work like gambling, so having a combination of knowledge and applying them can serve more than just relying on one-sided knowledge in my view of things right now trading requires both mentors and personal input for success to be recorded. Honestly, there aren't that many great mentors in the crypto world because most of them have no idea what they are even doing, but at the end of the day we are dealing with making a better profit for ourselves so if you can find any decent ones then caring about what they say would be very important, just make sure they are actually a good mentor and not just some bad mentor acting like they are a good mentor because there are a lot of those too.
December 20, 2024, 01:56:28 AM
I believe trading success depends on finding the right balance between following proven guidance and learning to trust your own instincts over time through experience. In my case, I don’t have a mentor so I just follow my lust. I usually trade only when I need to spend. I carefully assess altcoin opportunities knowing the risks involved with high manipulation and sudden price changes.
For me, instincts and personal research play a big role especially when it comes to market analysis and timing. I think the key lies in discipline, constant learning, and managing emotions during trades.
For me, instincts and personal research play a big role especially when it comes to market analysis and timing. I think the key lies in discipline, constant learning, and managing emotions during trades.
December 20, 2024, 01:41:53 AM
One of the popular alternative sources of income for cryptocurrency enthusiasts and forum members is trading
It's not popular alternative source of income for all people, because the market is zero-sum game market and money flows from you to other people or oppositely. In other words, money in the market changes hands from losers to winners and most of traders are losers so trading is not a common source of income. With most of traders, trading is source of loss, a common loss.Quote
What do you do and what is your success recorded, do you follow your mentor's guidelines and advice?
You can find a mentor, follow his guides but it's your capital and you have to protect it. Your mentor can be wrong too, no trader can be right 100% and with all trades. You have to manage capital and risk so that somehow you won't lose big part of capital with one or two failed trading positions.Quote
Do you follow your instincts and if yes what are the results you got in terms of the profits ratio against the loss ratio?
Trading is not gambling, and not kind of instinct-lead activity. You need to have knowledge, experience and discipline for trading successfully. 
December 20, 2024, 01:32:07 AM
You know it's useless if you hire a mentor but fail to follow its teachings and advices. You have to pay its mentorship, so you have to strictly follow his methods and suggestions for you to be guided.
It is not really compulsory that a trader follows his mentor's teachings strictly. Maybe he can follow them strictly during his newbie days, but as time goes by, he may begin to understand what strategies works best for him and the ones he should adjust to suit his risks tolerance and personal preferences. This he can achieve through some personal experiments.Even though mentors have years of experience in the the field, some of them are definitely not always right. Some mentors too cannot be trusted. They are only interested in the money they will get from the mentees, so they might end up being reluctant to teach their mentees what they should know. At this point, any newbie that follows these kinds of mentors strictly is not ready for improvement. I always advice that traders also do their own research and ask questions if their findings do not align with that of their mentors instead of following their mentors blindly.
December 20, 2024, 12:34:32 AM
Those are not two different stuff, you can sometimes follow the guidelines, and sometimes follow your own greed. Doesn't mean that you have to pick one or the other for 100% of the time, it doesn't even mean that you can't follow more than one guideline from multiple mentors as well.
Honestly, there aren't that many great mentors in the crypto world because most of them have no idea what they are even doing, but at the end of the day we are dealing with making a better profit for ourselves so if you can find any decent ones then caring about what they say would be very important, just make sure they are actually a good mentor and not just some bad mentor acting like they are a good mentor because there are a lot of those too.
Honestly, there aren't that many great mentors in the crypto world because most of them have no idea what they are even doing, but at the end of the day we are dealing with making a better profit for ourselves so if you can find any decent ones then caring about what they say would be very important, just make sure they are actually a good mentor and not just some bad mentor acting like they are a good mentor because there are a lot of those too.
December 19, 2024, 10:52:40 PM
What do you do and what is your success recorded, do you follow your mentor's guidelines and advice?
I don't have a mentor at the moment and prefer to be that way, but in the beginning of trading I trusted someone I knew online to be a mentor without being in person and I followed every direction he mentioned in the group and it worked, unfortunately the crypto market is very different now so the strategies he used before no longer work. Having a mentor is good for those who still have little trading skills.
Do you follow your instincts and if yes what are the results you got in terms of the profits ratio against the loss ratio?
Using instinct in trading looks like gambling
December 19, 2024, 05:56:04 PM
One of the popular alternative sources of income for cryptocurrency enthusiasts and forum members is trading, trading requires skills and these skills come with a long time of practice which gives birth to mentorship in cryptocurrency trading, most of us believe and agree that having a mentor in trading increases your chances of success by 50%, but the problem is that most of us traders still lose heavily all because we refuse to follow the right trading path.
What do you do and what is your success recorded, do you follow your mentor's guidelines and advice?
Do you follow your instincts and if yes what are the results you got in terms of the profits ratio against the loss ratio?
I trade on my own analysis, I never trade on someone else's analysis. I have seen that the times I have traded on someone else's advice, I have not gotten very good results. When I have traded on someone else's advice and have not gotten good results in that trading, I have had a lot of difficulty accepting myself. Therefore, I should always prioritize myself while trading because if you can trade with good analysis on your own, you can gain good experience and skills and even if you lose, it is not difficult to adapt to yourself. What do you do and what is your success recorded, do you follow your mentor's guidelines and advice?
Do you follow your instincts and if yes what are the results you got in terms of the profits ratio against the loss ratio?
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