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Topic: Learn from experience more (Read 734 times)

sr. member
Activity: 490
Merit: 325
Today at 11:27:15 AM
#89
The lesson we learn from trading experience and articles we read are quite different, though the lesson from both are very important in trading but the mistakes of some beginners, they get much confidence in trading after learning only from books.
Experience gives the best lessons to traders, which beginners should never be in haste or be so confidence to trade with big amount of money by only gaining knowledge from reading books about trading.

When you look dip into trading, most of the guide and lessons you will have are forex experience written books. If you search Udemy right now about trading, the result you are probably going to see is going to be 8 forex training and 2 crypto trading and that's because with explanation, they are very relatable but experience, forex market is different from crypto market and you wouldn't be able to know this until you have master the art of trading crypto.

Trading is a general thing but understanding crypto market is another thing to use to survive the market. You will only learn this on your own. The way the Bitcoin price went as high as $73k if it's was to be forex market, if will stay there for while before it will correct but it didn't and went down to as low as $68k, that was because of the Volatility, such doest happened in forex frequently unless it's a market that's not saturated with much investors.
?
Activity: -
Merit: -
Today at 04:05:16 AM
#88
Indeed, with manual knowledge you'll be able to adjust if needed there's always a good way to learn especially if you are taking each sessions that you take as learning process, it will give you good grasp of what particular adjustments that you need when taking your next call, it's something that only you who can really dictate, with patience and careful analysis chances to keep those positive results may take place.

Learning how to adapt to different situations is very important in trading.
You can make a great strat, but it may need some adjustments in the process.
And if a person only worked with bots/signals, she wouldn't be able to do it.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
Today at 03:24:20 AM
#87
These days there are many who trade using assistive technology. I do not blame those who use the help of machines or the like in trading, but I do not think it is good to always rely on such help. For example, those who use trading bots.
Losses are a certainty that traders will receive, but trying to make a profit is the goal of trading.
At least learning manually from those who are more senior in trading can provide valuable experience that allows them to collaborate on trading strategies.

The use of those technologies are for those who already got that confidence but learning the process it's best to do it manually together with the knowledge you earn from reading books or watching video tutorials having a hands on experienced will definitely a good factor to ake your success, as in each trading sessions that you take you'll learn on it both on your losing trade and winning trade you should take a good  note to make a better adjustment for your next trades.

The practice is right in my opinion regarding the use of this technology. As time goes by, we will be increasingly faced with the sophistication of technology that continues to develop. If we can't use it, it will make us continue to lag behind. Meanwhile, we must also be able to adapt to progress accompanied by manual knowledge. What is meant by robots is proof that we have been facilitated in trading, but it will be complete if we can do it with manual knowledge without robots.

Indeed, with manual knowledge you'll be able to adjust if needed there's always a good way to learn especially if you are taking each sessions that you take as learning process, it will give you good grasp of what particular adjustments that you need when taking your next call, it's something that only you who can really dictate, with patience and careful analysis chances to keep those positive results may take place.
hero member
Activity: 3024
Merit: 680
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October 31, 2024, 07:25:34 PM
#86
A trader must be willing to learn more, everyday. Yes, the charts, the markets, they're all unpredictable and knowledge that we have is continuously gaining based on how we're actively learning from all of that.

I agree, that a trader even though he's profitable needs to stay humble. No need to brag for some profits or whatnot, all you have to do is be consistent.

But if you can't help yourself but wanting to brag that out, then all you have to do is prove yourself then based on your experience and how profitable you are.
By learning everyday, he will know how the market moves and how to react with the current situation. They needs to add more knowledge about trading so they can use it in trading. They can not just predict where the market will moves but they need to analyze many things before decide.

When a trader can feels that he needs to learn more, he will not feels that he is a pro trader. He will want to improve his skills because that is something that will helps him to trade better.

We don't have to brag our skills and show to many people but keep it to ourselves. Sometimes that can makes our life calm and we can trade without any disturbing from other people. We can trade anytime we want and analyzes the market with our skills.
Even the best of the best continue to learn every day and not just from the market but also from the sources that they have.

They're combining strategies after strategies and they're not solely reliant to charts but also to their surroundings on how things are doing.

For example, the news and current events. The fundamentals that are being developed and reported through the media.
hero member
Activity: 2884
Merit: 794
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October 31, 2024, 07:15:03 PM
#85
The lesson we learn from trading experience and articles we read are quite different, though the lesson from both are very important in trading but the mistakes of some beginners, they get much confidence in trading after learning only from books.
Experience gives the best lessons to traders, which beginners should never be in haste or be so confidence to trade with big amount of money by only gaining knowledge from reading books about trading.
Although it is true that people in general learn faster and more effectively by doing something rather than just reading about it, any person that is thinking about becoming a trader or an investor cannot really afford to take this path, and the reason for this is that it is very expensive, so an aspiring trader needs to spend as much time as possible reading books and fine tuning their strategy, this way whenever they finally decide to trade for real, the number of their mistakes will be significantly lowered.
hero member
Activity: 2702
Merit: 585
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October 31, 2024, 04:44:02 PM
#84
and make you feel like you’re perfect in something and otherwise have that very much confidence that the market will be in your favour because of the knowledge you’ve acquired about it. The real practical of the market is the best experience you can get, because those are the time you can get the best lessons that will give you the best result and experience you can ever want to trade the market.
Perfect? Sheesh, that's crazy. We must remember that there is nothing perfect in this world. So what we are experiencing there is only just a false thinking and we must snap out of it as soon as possible before it gets us because I know a lot of newbies have fall into it already and all they get is more losses. Confidence on the other hand is a good thing but we need to distinguish a real confidence from a fake one.

Experience only comes when we initiate things. As for the lesson, even if we lose we still can say that it was a good lesson and it's up to us if we will improve ourselves and continue again or stop to not incur more losses.
legendary
Activity: 2674
Merit: 1823
Rollbit.com | #1 Solana Casino
October 31, 2024, 03:49:02 PM
#83
-snip-
you need to apply all of your learnings yet to a paper trade find a suitable trading habit which is suits into you to avoid getting overwhelmed with the contents of trading. Now once you feel confident that's the time you will apply all those skills you've got into a real trading.
It's like a way to find a trade with what strategy is suitable to use, so it will find the right type and trading habits,
it is difficult to find the right rhythm so that you can master the trade.

Apply all skills, knowledge of trading, technical and fundamental analysis, and most importantly how to manage trading emotions and trade management.

It will not be easy when one makes a real trade, because not all plans that one wants to carry out go well.
There will be some obstacles and failures, the more trades are made, the more you will understand how trading works.

That would be a good start, because without first-hand experience will not result in any trading knowledge, everything requires a process
sr. member
Activity: 560
Merit: 432
Forum Only For Fun
October 31, 2024, 03:36:27 PM
#82
These days there are many who trade using assistive technology. I do not blame those who use the help of machines or the like in trading, but I do not think it is good to always rely on such help. For example, those who use trading bots.
Losses are a certainty that traders will receive, but trying to make a profit is the goal of trading.
At least learning manually from those who are more senior in trading can provide valuable experience that allows them to collaborate on trading strategies.

The use of those technologies are for those who already got that confidence but learning the process it's best to do it manually together with the knowledge you earn from reading books or watching video tutorials having a hands on experienced will definitely a good factor to ake your success, as in each trading sessions that you take you'll learn on it both on your losing trade and winning trade you should take a good  note to make a better adjustment for your next trades.

The practice is right in my opinion regarding the use of this technology. As time goes by, we will be increasingly faced with the sophistication of technology that continues to develop. If we can't use it, it will make us continue to lag behind. Meanwhile, we must also be able to adapt to progress accompanied by manual knowledge. What is meant by robots is proof that we have been facilitated in trading, but it will be complete if we can do it with manual knowledge without robots.
legendary
Activity: 1708
Merit: 1280
Top Crypto Casino
October 31, 2024, 12:19:55 PM
#81

The lesson we learn from trading experience and articles we read are quite different, though the lesson from both are very important in trading but the mistakes of some beginners, they get much confidence in trading after learning only from books.
Experience gives the best lessons to traders, which beginners should never be in haste or be so confidence to trade with big amount of money by only gaining knowledge from reading books about trading.

There are different kinds of people's ways to learn others can easily gets the topic and discussion even though they are just reading articles and others really learn from their experience but of course its different if there's some basic knowledge you've gain so you don't be a zero once you enter in trading, I recommend if you know someone already how to trade is at least guidance to them now if there's no one and its all about being a self study you need to apply all of your learnings yet to a paper trade find a suitable trading habit which is suits into you to avoid getting overwhelmed with the contents of trading. Now once you feel confident that's the time you will apply all those skills you've got into a real trading.
legendary
Activity: 2674
Merit: 1823
Rollbit.com | #1 Solana Casino
October 31, 2024, 04:46:56 AM
#80
-snip-
So many people are using others to learn, just not directly mentorship and chatting, so while you are "self taught", you are not really all by ourself and that is the most important part. I do think there will be a lot of people who will use this as advantage and we are going to see them do fine as well. This is just how it is and we are not going to see much changes in the future. So, learning that way is the best way to move forward IMO as well.
Yes, actually I don't really study by myself and make everything up by myself, I just read and see articles or videos that have been made by others for a learning.

This is knowledge that can be obtained for free and is just not taught directly by people who are already experts.

Starting to develop knowledge and practicing what you have learned will further hone the knowledge for the better.
Experimenting on your own to find a new formula or a new way that is more efficient than what you have learned, this is a good development.
legendary
Activity: 2086
Merit: 1058
October 30, 2024, 11:51:23 PM
#79
These days there are many who trade using assistive technology. I do not blame those who use the help of machines or the like in trading, but I do not think it is good to always rely on such help. For example, those who use trading bots.
Losses are a certainty that traders will receive, but trying to make a profit is the goal of trading.
At least learning manually from those who are more senior in trading can provide valuable experience that allows them to collaborate on trading strategies.
I do agree that people should be using whatever they need and can get better results, we are not trading because we just want a hobby, there is a money result in the end and if it's helping them then they should use it. They should be careful though, some of them are not that great and could cause them to lose money as well, so they need to pick their helpers carefully.

Experience is great, think of yourself like machine learning, the more you do it, the better results you will get eventually, and that will decide on how you will move forward. Most people fail to see that, and because of this we end up with people who just get help from other stuff and never really learn how to pick themselves, doesn't make sense to me at all.
full member
Activity: 784
Merit: 115
October 30, 2024, 11:04:18 PM
#78
It should be done responsibly, especially in the early stages of a person's journey.
It's very easy to lose your first funds on some positions that wouldn't have many markers for them, yet you would blame everybody besides yourself for it.
In the end, what matters the most is the determination and risk management, in my opinion. They bring both experience and profit in the long run.
When they can learn from every experience they get, that can give them more wisdom to use their funds to trade. They can manage their funds better and know many things about trading. They will gets more experience by practicing their lesson and know how to fix the mistake. Becoming a pro trader will not easier but if they want to learn more, they will have that chance. The thing is not many people are willing to do that and only rely on other people to trade.

A trader must be willing to learn more, everyday. Yes, the charts, the markets, they're all unpredictable and knowledge that we have is continuously gaining based on how we're actively learning from all of that.

I agree, that a trader even though he's profitable needs to stay humble. No need to brag for some profits or whatnot, all you have to do is be consistent.

But if you can't help yourself but wanting to brag that out, then all you have to do is prove yourself then based on your experience and how profitable you are.
By learning everyday, he will know how the market moves and how to react with the current situation. They needs to add more knowledge about trading so they can use it in trading. They can not just predict where the market will moves but they need to analyze many things before decide.

When a trader can feels that he needs to learn more, he will not feels that he is a pro trader. He will want to improve his skills because that is something that will helps him to trade better.

We don't have to brag our skills and show to many people but keep it to ourselves. Sometimes that can makes our life calm and we can trade without any disturbing from other people. We can trade anytime we want and analyzes the market with our skills.
hero member
Activity: 1092
Merit: 507
Leading Crypto Sports Betting & Casino Platform
October 30, 2024, 10:08:29 PM
#77
Yeah, learning all by yourself is something I suggest, because you are not technically learning by all yourself. When you watch a video, someone made that video, when you read something, someone wrote that, so whenever you do something like this, there is really nothing to worry about and you are going to end up with a good result one way or another.

So many people are using others to learn, just not directly mentorship and chatting, so while you are "self taught", you are not really all by ourself and that is the most important part. I do think there will be a lot of people who will use this as advantage and we are going to see them do fine as well. This is just how it is and we are not going to see much changes in the future. So, learning that way is the best way to move forward IMO as well.
Actually, with the many accesses that we can reach today, it can help us in getting certain learning, whether it is in trading or in other things. In addition, even though we can get learning in utilizing this developing technology, we must also be able to learn from our own experiences, also to get experience we must do it first. If we are just starting to trade, we should be able to find as much information as possible for sufficient knowledge and start with minimal capital.
You are right, if it is said to be autodidact, it seems impossible because there is information obtained from things seen or heard that help us gain new knowledge. Maybe it is said to be autodidactic when we really explore it ourselves without utilizing technological developments at all, but that seems impossible too.
hero member
Activity: 3024
Merit: 680
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October 30, 2024, 07:10:36 PM
#76
Many are like that. They think that they're already a better trader because they have some good analysis based from what they've learned in the books.

But little did they know, there's more to trading and it's not only about theories and learnings from the book itself.

Getting in the actuality of trading will give them more realization that they shouldn't be overconfident just after learning candles, charts, waves, etc.
That is why we must not feel like that because that can prevents us from learning more about trading. The market will always change from time to time and if we are like that, we will satisfy with our skills and feels that we can trade better but that is not right.

When they can still humble and know that they are not too good in trading, they will feel hunger about learning more about trading. They will not stop learning even if their skills above average.

But that will depend on themselves because they will see what they can get from trading. If they can make a profit from their skill now, then they are lucky because they are in the right situation. But if not, they can lose their money and confuse why their skill not help them to make a profit.
A trader must be willing to learn more, everyday. Yes, the charts, the markets, they're all unpredictable and knowledge that we have is continuously gaining based on how we're actively learning from all of that.

I agree, that a trader even though he's profitable needs to stay humble. No need to brag for some profits or whatnot, all you have to do is be consistent.

But if you can't help yourself but wanting to brag that out, then all you have to do is prove yourself then based on your experience and how profitable you are.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
October 30, 2024, 05:37:43 PM
#75
Not wrong in my opinion. Other parties can help traders to find out how to trade, but do not always depend on other parties. Just know the basics after that, make the market as the main object to control themselves of what will be done next while remembering that it will not always be in a profitable position. Even professional traders also experience loss.

What you said is very true, of course we should not continue to rely on other parties in trading and it would be better after we understand the basics of trading well, then we can try directly while continuing to learn and it is also important for us to be able to use funds that we can afford if we fail in the trading we do. It is true that even professional traders have experienced losses but they can use the experience they have gained during trading to make a profit on another occasion.

These days there are many who trade using assistive technology. I do not blame those who use the help of machines or the like in trading, but I do not think it is good to always rely on such help. For example, those who use trading bots.
Losses are a certainty that traders will receive, but trying to make a profit is the goal of trading.
At least learning manually from those who are more senior in trading can provide valuable experience that allows them to collaborate on trading strategies.

The use of those technologies are for those who already got that confidence but learning the process it's best to do it manually together with the knowledge you earn from reading books or watching video tutorials having a hands on experienced will definitely a good factor to ake your success, as in each trading sessions that you take you'll learn on it both on your losing trade and winning trade you should take a good  note to make a better adjustment for your next trades.
sr. member
Activity: 560
Merit: 432
Forum Only For Fun
October 30, 2024, 01:28:55 PM
#74
Not wrong in my opinion. Other parties can help traders to find out how to trade, but do not always depend on other parties. Just know the basics after that, make the market as the main object to control themselves of what will be done next while remembering that it will not always be in a profitable position. Even professional traders also experience loss.

What you said is very true, of course we should not continue to rely on other parties in trading and it would be better after we understand the basics of trading well, then we can try directly while continuing to learn and it is also important for us to be able to use funds that we can afford if we fail in the trading we do. It is true that even professional traders have experienced losses but they can use the experience they have gained during trading to make a profit on another occasion.

These days there are many who trade using assistive technology. I do not blame those who use the help of machines or the like in trading, but I do not think it is good to always rely on such help. For example, those who use trading bots.
Losses are a certainty that traders will receive, but trying to make a profit is the goal of trading.
At least learning manually from those who are more senior in trading can provide valuable experience that allows them to collaborate on trading strategies.
member
Activity: 132
Merit: 50
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October 30, 2024, 05:51:11 AM
#73
There is no better teaching other than learning things on our own by making mistakes and learning not to repeat and also you can learn from other people's mistakes which saves you times and money but as long as what's working for an individual it is okay for them to pursue the journey in that way. Trading is simple but not easy and anyone who understand that can sustain here for longer.

You said it right that this is boss; our mistake is one of the best teachers who can teach us to realize that what we have done or done in the past days or times is wrong and not right.
It will even become our learning process so that we can also teach others who don't know.

Although we don't want to make a mistake, it's inevitable as long as we don't repeat it or make it a habit. We should change it and correct it correctly, that's all.

The best teacher is the practice itself, no matter what, mistakes - will - be made, and the only thing we can do with that is to learn from them and use them in the future as examples of how things should not be done.
I agree with you. There can be no better approach than the knowledge that gradually builds itself through market analysis. It may be easy to find a way to correct a mistake on the basis of experiential knowledge, but there may be no room for correction except by regretting the mistake at the instigation of others.
?
Activity: -
Merit: -
October 30, 2024, 03:51:24 AM
#72
Many are like that. They think that they're already a better trader because they have some good analysis based from what they've learned in the books.

But little did they know, there's more to trading and it's not only about theories and learnings from the book itself.

Getting in the actuality of trading will give them more realization that they shouldn't be overconfident just after learning candles, charts, waves, etc.
That is why we must not feel like that because that can prevents us from learning more about trading. The market will always change from time to time and if we are like that, we will satisfy with our skills and feels that we can trade better but that is not right.

When they can still humble and know that they are not too good in trading, they will feel hunger about learning more about trading. They will not stop learning even if their skills above average.

But that will depend on themselves because they will see what they can get from trading. If they can make a profit from their skill now, then they are lucky because they are in the right situation. But if not, they can lose their money and confuse why their skill not help them to make a profit.

It should be done responsibly, especially in the early stages of a person's journey.
It's very easy to lose your first funds on some positions that wouldn't have many markers for them, yet you would blame everybody besides yourself for it.
In the end, what matters the most is the determination and risk management, in my opinion. They bring both experience and profit in the long run.
full member
Activity: 784
Merit: 115
October 30, 2024, 03:08:14 AM
#71
Many are like that. They think that they're already a better trader because they have some good analysis based from what they've learned in the books.

But little did they know, there's more to trading and it's not only about theories and learnings from the book itself.

Getting in the actuality of trading will give them more realization that they shouldn't be overconfident just after learning candles, charts, waves, etc.
That is why we must not feel like that because that can prevents us from learning more about trading. The market will always change from time to time and if we are like that, we will satisfy with our skills and feels that we can trade better but that is not right.

When they can still humble and know that they are not too good in trading, they will feel hunger about learning more about trading. They will not stop learning even if their skills above average.

But that will depend on themselves because they will see what they can get from trading. If they can make a profit from their skill now, then they are lucky because they are in the right situation. But if not, they can lose their money and confuse why their skill not help them to make a profit.
jr. member
Activity: 70
Merit: 0
October 30, 2024, 02:41:07 AM
#70
There is no better teaching other than learning things on our own by making mistakes and learning not to repeat and also you can learn from other people's mistakes which saves you times and money but as long as what's working for an individual it is okay for them to pursue the journey in that way. Trading is simple but not easy and anyone who understand that can sustain here for longer.

You said it right that this is boss; our mistake is one of the best teachers who can teach us to realize that what we have done or done in the past days or times is wrong and not right.
It will even become our learning process so that we can also teach others who don't know.

Although we don't want to make a mistake, it's inevitable as long as we don't repeat it or make it a habit. We should change it and correct it correctly, that's all.

The best teacher is the practice itself, no matter what, mistakes - will - be made, and the only thing we can do with that is to learn from them and use them in the future as examples of how things should not be done.
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