Topic: Learn from experience more - page 2. (Read 752 times)

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.

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.

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.

There are many indicators and discussions about trading and there may also be many strategies shared by people in different articles but when we run them sometimes they don't match the trading situation we are doing.
Experience will be formed when someone is involved in trading and if you rely on learning it will not provide direct experience.
Experience can be achieved by getting involved in it with and using smaller money so that we can learn directly and
managing risk is very important in trading so that we don't get caught up in expectations that are greater than reality.

Learning from books or anywhere is fine as long as we can study strategies that are much more effective and by getting directly involved will provide a much better experience slowly.

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.

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.

You need to have that in hands experience to see if those things that you read or watch will be appropriate with the type of a trader you are most of the time, newbies thinks that since they are catching it up while watching or reading they tend to agree that by simply following whatever then guide that's been provided will be effective right away, they just going to realize things up when they already lose their money and re-analyze what went wrong with their application.

The best way to be a better trader is to learn from your experiences, this is why it's important to have a note book to jot down the patterns of the market after every profit and loss because history is very likely to repeat itself occasionally. This is simply the best way to become more skillful in trading, putting in more consistency would help you gain mastery of how the dynamics of the market functions. We learn from experience more than what we learn from others. Your personal observations and strategies are the keys to becoming successful in it.

It is very paramount for all beginners trader to only start trading will little amount, an amount they can willingly lose and not feel uncomfortable about it that it will go to the extent of affecting their trading psychology. The beginners should prioritise their trading experience after learning from books. It does not look the same like what they saw in the book. After learning from books, articles, YouTube videos, it is just their first step towards the journey of trading, the actual understanding of the market, the risk management part, the psychology part are all in the experience and if they don’t get that experience, their trading journey is yet to be called satisfactory because they’ll always be on the losing end of the market. Trading is good and profitable but only if you’ve hacked the trend of the market.

You need to learn about trading before you can succeed at it. without it, you will never achieve anything. By learning about trading you will begin to gain experience, use new strategies and profit if he favors it. But you need to have knowledge and experience before you can enjoy trading and he will more simple for you, because people that said trading is easy they have understood many things about trading and they see as something easy but if you don't don't understand you will be it difficult that is why it is better you should get mentor that will be guiding you in to it and get knowledge and experience in what is doing so that you won't find it difficult when you are doing your analysis.

Trading has one thing in common, you can't just win anytime. you'll most likely lose one day because he changes frequently, but if you have experience, you can try and if he favors you, you'll profit that is why professionals are getting huge profit because they have experience about it and op you are right you need to have more experience on trading. Some people are greedy, which is why they're not successful traders because they expect huge profits all the time, even when they're in profit, and you can't predict you will win or not.

Feeling over confidence after learning trading only from books will not good because they need to know that the market can change so they must learn from many sources. That will gives them more info about trading and their experience improve so that will impact to their skills.

Experience gives the lesson to traders but that will only if they want to introspect what they already got from their trading before. The more they can learn, the more chance their skills improves so they can trade with right and have a chance to make a profit.

If they want to spend more time to learn, they will know how to trade with right.

It's definitely not easy.
Takes a lot of effort and determination, but it's possible.
Just take your time, and adapt to the market properly.

Responsible trading requires you to be a responsible trader. You have to spend time to do that. There are many traders who learn to trade for 2 days and try to gain experience with a 2 day demo account and at the end of 4 days they feel that they are experienced enough to trade and at the end of 6 days they are completely lost from trading (just an example). So we should avoid being such six day traders.

To become an experienced trader you need to learn to trade with an experienced trader which must be for a long period of time (more than 1 year). It is important to learn trade from an experienced trader, many people try to learn trade from YouTube or various social media platforms. You will never become a skilled trader by watching videos or learning to trade online. Because he won't teach you practical trades, he won't teach you by hand. When you get close to a skilled trader he will teach you closely and watch you every moment. Your every mistake will be closely watched. When you are out learning to trade you should get used to trading alone with your demo account. Then you can enter the trade with very little money. In the beginning there must be losses. Thus, when you have 3-4 years of trading experience, you can call yourself a responsible or experienced trader.

Responsible trading requires you to gain experience, spend a lot of time researching the market, and increase your holdings through purchases. While many people think trading is easy it is actually a very difficult process. If you do not manage your capital properly over time you can lose money even if you have a lot of assets.

Trade responsibly, that is, as the experienced trader should.
It may be hard not to fall to greed and fear, but it should be tried to be done with the money you are willing to spend on the sessions to come.

In every job, you learn better on the job. No matter how much you were taught in school, it's by practising that particular job or skill that you'll get better. Trading is s skill and just learning it won't be enough, you have to practice it. It's common knowledge.
That is why it's always advisable for newbie traders to start trading once they've learnt what is needed to learn about trading. Just don't trade as a pro, always know that you're still new to this and still learning.
Most people come out of the University with good results and think they're better than everyone else till they get to a play of work and see that they don't know half of what they need to excel at the job.

and do all of it self-taught without anyone's mentor, so that to achieve a goal of good trading knowledge it is necessary to do extra learning and real practice.
It is equally possible that one of the many people who do self-taught trading lessons, because I would not ask anyone else about how they apply trading.

I listened and learned everything until I knew more and more about how trading worked.
Until now, I have continued to learn to deepen my knowledge in crypto trading.
Experience is indeed a good teacher to start everything independently, and of course unlimited knowledge can be learned from anywhere.

True. Real learning comes only with real application from your acquired knowledge from reading books and watching tutorial videos. And with consistent application and experience, that’s when effective learning will develop. Most particularly with trading where everything comes with knowledge and skill application. If you fail on that, effective learning experience becomes failure as well.

But if he would use only the money he is willing to spend - it would be goo enough to start the journey to become a trader in the first place.
After all, theory is nothing without a bit of knowledge and eventually, practice.

Except you are a very genius newbie trader, you can win and get profit with your first experienced months in this market or longer in a first year. Other than that, you will get loss, like you actually had, because the market is volatile and it never moves up continuously. With market corrections, news, FUDs, newbie traders will have loss in this market.

Even senior traders have losses too so it's unrealistic for newbie traders to believe that they will get profit. This truth reminds newbie traders that they must manage their capital, includes trading capital that must be small part of their capital, very well. This good management of capital in general and trading capital in particular, will help newbies protecting their capital and avoiding loss of all capital after several months in this market.

If newbies start in a risky way like using all capital for trading, and losing it all after first couple of months, the journey will be very short and painful.