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Topic: Experience is key, go for it. - page 4. (Read 481 times)

hero member
Activity: 3052
Merit: 685
October 19, 2023, 04:33:36 PM
#4
No matter the amount of information you receive on this forum, if you don't practice and work on having a first-hand experience, you won't understand much.

Experience is key in everything we do and it plays a huge role in determining how successful we will become in that field.

Experienced traders know when to buy when to sell, and when to hodl. They also know how to manage any fluctuation in the market, This helps them to minimize losses and guides them to take reasonable risk.

As you choose either to trade, mine, or do what works best for you, don't forget to learn the fundamentals and apply them correctly. also learn how to start small and gradually, you learn on the job and with time your experience level should have grown and you can now start making a reasonably calculated risk.
Learning by doing in short. No one can maximize learning without practical demonstration so you can apply everything what you have learned and gained. The result will tell you if you have absorb the fundamentals well or you miss some of it that makes you not reliable on your task. This same goes for crypto investing and trading, and probably for crypto gambling as well. Everything that is put into practice more often will definitely create a better version of you, a more reliable and profitable on your crypto endeavors.

This is the reason why I don't advise people to trade using bots. The fact that you are not harnessing your skills because you rely on the works of other traders, then you lose the opportunity to excel on your own knowledge and skills because you put other works into priority when you should be the one to promote your own skills so you can be a successful and profitable trader in the process.
legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS
October 19, 2023, 04:21:27 PM
#3
Experience is the key, yes but to avoid unnecessary experience, one must have knowledge of things.  So there is still a need for information in order to guide us in our endeavor of experiencing things.  Aside from the result of our actions, we can also acquire experience by learning from other's experiences.  Keeping a tab on others' actions and the result of their action can greatly help us to avoid problems when we do the same things.  Like in case of trading, there are lots of traders who share their experiences and actions so knowing this kind of information can lead us to avoid losses.

Above all, you need to remove fear to do well in trading and other aspects of bitcoin, the first time might be scary but people that are experienced trader's today don't have two heads, they removed the fear and it's now a good story (for those that learned).

There is no need to remove fear because it is the reason why we get cautious and careful in our actions, we should conquer our fears and face them equipped with the knowledge and information needed to subdue that fear.
hero member
Activity: 1106
Merit: 912
Not Your Keys, Not Your Bitcoin
October 19, 2023, 04:01:07 PM
#2
No matter the amount of information you receive on this forum, if you don't practice and work on having a first-hand experience, you won't understand much.

Experience is key in everything we do and it plays a huge role in determining how successful we will become in that field.

Experienced traders know when to buy when to sell, and when to hodl. They also know how to manage any fluctuation in the market, This helps them to minimize losses and guides them to take reasonable risk.

As you choose either to trade, mine, or do what works best for you, don't forget to learn the fundamentals and apply them correctly. also learn how to start small and gradually, you learn on the job and with time your experience level should have grown and you can now start making a reasonably calculated risk.

There are two experience, the good and the bad. To experience the good side is first to read, understand and then put into practice, if you don't read before jumping to experience, your hands will burn and by hands I mean you will learn the hard ways because you are going to lose everything, that's trading for you.

You can't experience good if you don't know the difference between candles, you can't experience if you don't know local support and resistance and global resistance and support. You can't experience good if you don't know how to use stop loss, you can't experience the good side of trading if you don't know risk management, you can't dwell in trading if you don't know basic indicators, trend, market emotions.

Above all, you need to remove fear to do well in trading and other aspects of bitcoin, the first time might be scary but people that are experienced trader's today don't have two heads, they removed the fear and it's now a good story (for those that learned).
full member
Activity: 462
Merit: 196
October 19, 2023, 03:38:49 PM
#1
No matter the amount of information you receive on this forum, if you don't practice and work on having a first-hand experience, you won't understand much.

Experience is key in everything we do and it plays a huge role in determining how successful we will become in that field.

Experienced traders know when to buy when to sell, and when to hodl. They also know how to manage any fluctuation in the market, This helps them to minimize losses and guides them to take reasonable risk.

As you choose either to trade, mine, or do what works best for you, don't forget to learn the fundamentals and apply them correctly. also learn how to start small and gradually, you learn on the job and with time your experience level should have grown and you can now start making a reasonably calculated risk.
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