Topic: Do you follow your mentor guidelines or do you follow your lust? - page 2. (Read 900 times)

Definitely do not follow your mentor blindly, always try to figure out what you can do yourself, and make research a number one priority because the more you learn the better you will be alone. If you are tied to just someone then you will only be able to do what they tell you to do, but if you learn from them then always can get better.

Remember, they should not be giving you fish, they should be teaching you how to fish, if they do that then you are going to get a better result because then you could continue your life and keep making profit even after them. But if you are too much tied to what they say, then whenever they do not respond or help you, then you are not going to get a good result. This is why it would be smarter to just focus on how to improve and be better all by yourself.

Since the beginning I never had a mentor in the sense that I did everything autodidactically, namely by learning through various channels of professionals such as famous YouTubers or other channels such as groups, the reason is because at first I had financial problems so I felt unable to pay for the services of these mentors to guide me, and of course that made me often make mistakes that I shouldn't have done if I had a mentor, but yes, that's the journey I should have gone through and it's true that there were a lot of problems that I experienced when I learned on my own autodidactically because I often took the wrong action.

But in most of my journeys, the most difficult thing for me was training mentally and psychologically when I experienced losses, simply put, it is very difficult to accept the fact that I lost money and often emotions lead me to a much worse situation, but believe me if for example you are serious and have strong intentions and determination then you also have a chance to succeed even if you don't have a mentor.

At this point I want to convey that do not swallow raw the information obtained, even if it comes from our mentor. You are right, we have to verify again against the market and analyze based on our knowledge, after that we can enter the market.
Because we also have to know behind the reasons for entering the market, not just because we heard from a mentor or someone else, because that is the same as us just following along and can be said to be FOMO. That is not good in trading, because after all analysis based on the knowledge we have is very important.
Well if we talk about the bad side, at least when we lose, we can know the reason why we lose, we can learn more deeply.

I think having crypto knowledge is important and also being in the right crew is also very very important because you will have assurance of what to do at the right time. Having a mentor in crypto trading is good because it will ease your stress of going for further analysis; although further analysis is also good to be very sure of what you are doing But when it comes to trading I do follow my mentor because I am very sure the trade he will give me to two please will yield a good result.

With the crypto knowledge I have I can easily verify the trade through some technical analysis. Furthermore, having knowledge is good in order to be very confident of what you have been given so as to avoid following someone blindly in crypto trading the risk is very high therefore your instinct is also important Because there are trades You will not want to please even if you got the signal from your mentor.

If you can critically analyse what comes from your mentor then you are already doing great, that is not something that could benefit for a newbie because a newbie wouldn't be able to do that, hence even a mentor isn't good enough for a newbie, newbies need to learn to read and study a lot everything they can get online, that way they can get better and see a better result without a doubt.

This has to be a situation so there is nothing that we can do without a doubt. So what if we see this changing for the long term, if we can get a greater result then we could make a lot more profit, so mentor isn't enough but it would be great if you could have one, you should add more on top of what we are dealing with, mentor + studying yourself could lead to you having better result.

You raise a good point here, which is the blind following of suggestions that will only lead to disappointment and failure. I know that having a mentor is very necessary, I think here I can use the word "compulsory" because it suits this situation. A person cannot learn or move forward without a mentor, but taking advice from a mentor and blindly following it without considering your own knowledge will lead to distrust in yourself, and you will not be able to make any decisions by yourself.

Listen to your mentor and critically analyze what comes from them, then do what you see as suitable for you. It is not certain that the situation mentioned by the mentor will apply to you, your situation will definitely be different and may require different solutions or strategies. If you apply your mentor's strategy without considering the differences in your situation, you may face total failure. So, it's best to trust yourself and your knowledge, which comes from your mentor as well as from your learnings from other articles and journals.

It would be better for us to continue to consider every suggestion we receive from others even if the suggestion comes from our own mentor because if we continue to follow the suggestion without any consideration and we fail in trading, of course it will be very disappointing and what you said is very true, a mentor will certainly suggest based on his own views and even that is not necessarily true so it is very important to continue to consider the knowledge and experience that we have before deciding to use the advice given by a mentor.

The fact is that every state of things has its luck and peculiarity this is why we can get engaged in the same thing but have different results as long as we do it individually, so for sure the is no guarantee of profits if you follow your mentor's advice and guides, but we still need the help of a mentor to gather first-hand knowledge before taking our risks, a lot of times your mentor will only celebrate your success and how can you succeed in trading when you don't take risk, knowing fully well that crypto market is full of risks and how you manage to take advantage of current market realities.

There's no assurance that following someone will be giving out that kind of assurance that you will be able to succeed but of course having a mentor does really give out at least some guidance if you do really want to learn but I would say that it will be that much better if you do learn on your own because everything's could be found online when it comes to write ups and other information that you do really need up. Well, it will be that depending on someone's preference because there's people who do want to have a mentor and there's those who do want to go solo and learn for themselves.When it comes into this manner for having that kind of learning then it will really be that up to you on which path you would be taking into.

For me I would love to learn trading on your own because at the moment that you will be losing then you won't be having that kind of regret on which this is totally opposite when you are following someone. It will really be that better that you should really know that risks is always there on losing money when it comes to trading and that's why it's important that you do realize on what you are indeed doing. You can't just that make yourself being too positive because unexpected events  could happen along the way and this is where you should be sensible into the things that you've been dealing with.

Even though I believe we can have very long discussion about this topic because it's wide open many are having their own opinion about this but once you are having mentor or leader then try to understand his views and then go for following them if you are feeling comfortable then stay with this otherwise you can use your own view as well but having mentor always give you better results about your subject or thing which you are looking for only staying with books or thoughts never work and give success.

Sometimes we have many conditions and situations while we need mentor, but we have nothing so in these conditions still keeping in talk and having better view always works because table talk surely solve things if you are having no mentor, but situation need to be solved.

The only way to learn how to trade is to start trading on your own after acquiring the necessary knowledge. Don't overstate the role of a mentor, they make mistakes just like other traders. This path will not be easy, but only by analyzing your mistakes yourself will you be able to move forward.

The market doesn't have a definite guide that can lead you to success trading. Most often times without number that I have watch trading guide on YouTube, pdfs and many materials about trading, I don't come across any chart that looks too similar to what I learn but it's easy for me to used the knowledge gather to navigate my way out of the chart with profits and sometimes I make money from it and sometimes I lose but most often I made profits than loss.

I do follow my instinct where necessary, In fact in bull run like this instict makes you a better trader than been a chart person because some days ago, it was easy to be bullish and market continue to do his thing whether your charts tells you to or not and today your chat maybe telling you that the market is bullish but there is a speculation of US selling the sized silk road, my instinct told me immediately that the market is going to to dump but my chart was bullish.

Not all suggestions are good and you even said that only the good suggestions are the ones that we must considered. Make sense anyway because bad suggestions will only lead us to trouble, although there might still be some that lacks in common sense and knowledge to not know some of them, so unfortunately they incorporate it but they might still be lucky to dodge the bad moment.

Mentors are not perfect but they also learn from others and continues to make a research, so not all information we got from them have only come from their own or their own experiences. It doesn't make sense getting a mentor and then still go with our own but it is not totally bad if we get an idea from them and then combine it with our own as well.

That's the thing about mentors, you need to listen to everything they say, doesn't mean that you need to follow every single one of them, doesn't mean that we are going to end up with making a good return, doesn't mean you need to do everything they say but you need to listen to all of them, that's how you improve and that's how you will get a much better result without a doubt.

So, if you could make a better approach this then you could have a much better and that's how we could improve without a doubt. I think the greatest method would be just considering how this could be improving as well. So all of this getting to a point where we can't just follow our lust forever neither, that's not going to be easy at all, this has to be the obvious part of this, you need to combine all of this. If you could avoid this and just find a balance between these two things and see what your mentors suggestions fits you and adjust with your own, you will do better.

However, every suggestion should still be considered. If the suggestion given by the mentor is good enough, and tends to the situation, then I will take it, but if not, I might think about my own decision. However, mentors are not absolutely right. They only provide speculation based on their own views. Personally, I will still listen to the suggestion, and still consider it with my own views.

Having a mentor isnt really that bad either on which it will really be that something preferrable if you do want to fast track at least on what are the things that you should gonna supposed to learn. Actually there are those people who are really that still wanting to go alone and learn for themselves on which this is actually that better but just as said that there are also some mentors that could actually make things even faster because of having some good guidelines on which in compared on having solo that you dont have the idea on where you would be starting but its not that impossible because you can eventually make up some searches as you like which we do know that it could be done online and everything will be basing up into the effort that you are really that doing.

Im also a self learn trader on which i havent joined any groups that will be teaching up some trading tips and advises but i do admit that i do have seen or look for some youtube videos and other trading set ups but those are really just that good for looking up with some ideas. It is really that better that i will be snipping out and as long it will be that beneficial on your part then this is something that you must consider out.

Perhaps there are a lot of skilled traders around, but they keep silent as they don't want to get disturbed and share their knowledge with others who are not willing to listen and follow their rules. 

We may say it is easy to learn alone because there are a lot of trading resources that can be found on the internet, but I tell you what? It is different when we have someone beside whom we can ask and give advice personally. So we can't say they are useless or we can't learn from them because there are only 2 reasons why it goes like that;
 - That person is not a real trader
 - There is a problem with us

Mentors are just right there because some of us didn't know what we are doing they are just the guidance they will just pass their knowledge and experience to us so we didn't commit the same mistake but again not all the time they are right there sometimes we need to take out step at our own and make a stand on our decision making, now if you have a mentor and didn't learn from them it's possible they aren't effective mentor or you have a problem with your self.

But if you learn already how to trade you don't need to have a mentor at all also there's a lot of guru right there in the internet just learn basic trading thinks they are now can teach other people about trading so seek a good teacher

I mean, they can try? I have seen plenty of people who were lazy and then got a PT at gym and got better in body shape, it is not the same thing in the crypto world I am aware, but there are better mentors who can help you get better, and there are some who can't. Specially, if you are making a good profit with their guidelines and teachings, then they could help you become better easier, you would be listening to what they are saying more as well.

But, if you are not careful then you are going to end up with a bad result no matter how much you look like you listen. Because bad results would make you think the mentor doesn't know what they are talking about as well, and for that reason you may try to chase your own trades too.

You get the point right, and for sure no one should go into trading without following a mentor for some time before breaking out on their own when they have built enough knowledge about the market and charts, most especially newbies who need the help of a mentor and for me, there is no need to start trading if you do not have a mentor to look up to and learn from their step's, this is very important to the traders success in that journey, trading is not like gambling where anyone can win based on luck, trading requires more technicality than gambling and one need skills to trade and such skills comes from a mentors lessons. Do not trade because you have the money to, but trade because you have the knowledge and guidance to make the right decision that ends you in more profits than loses.