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Topic: Learn from experience more - page 3. (Read 752 times)

legendary
Activity: 2576
Merit: 1043
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October 27, 2024, 11:47:16 PM
#51
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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.
As a person who's involved into trading (although I lost), experience really is a big help to those traders because from there, they will make better decisions in the future based on what they've experienced.

This is the reason why most of the newbie traders out there are losing money. They don't have the experience that will help them in making better decisions. This is also the reason why we always say that newbies should not invest huge amounts of money when they're starting with trading because 99% of the time, they will be making losing trades. Back then when I was a newbie, it's good for me that I learned right before I started trading that there's a very high chance that I will be losing hence, I invested only a small amount, and I really lost my initial capital at that time (10$). Still, I continue losing money from trading, but I'm learning as I lose money.

Experience will go a long way when it comes to trading, but experience alone will not help you become a successful trader. Of course, you need more in order to succeed. Smiley
sr. member
Activity: 574
Merit: 310
October 27, 2024, 07:46:18 PM
#50
Doing practices will correct these mistakes because if you are getting unwanted results no matter what you understood from the book you have read, you are obviously doing it wrong. “Practice till your skills become perfect” you will lose some money but no book can teach you better.

Without practical experience there's no much learning that can be done because you don't learn from reading but you learn from doing. Experience is what you need and you get that more when you practice as you have said. I agree to everything that you said and I want to also add that we shouldn't be afraid of trading with real money because when we do this is, is when we get the real experience. When trading with fake money, you don't consider it risky and you can make decisions that would make you big profits on the demo accounts.

But when you try the same thing on live account, you won't get better outcomes, that's because the demo and the live account aren't the same. Learn to trust yourself more when trading live account then thinking the success you received in your demo account is like live account.
hero member
Activity: 3010
Merit: 794
October 27, 2024, 05:14:59 PM
#49
Theory is different from practicals and only when you want to have the real experience through practicals you can see the clear difference in them. Theory will teach you a lot of things
There are things that are only good at theory and we can do nothing about them anymore but for things like trading, it is very possible. I bet a lot of people read theories about it because they are interested to jump on it later on and a few are just jumping on it quickly with nothing on their brains. This is very(2x) risky, as we know that the risk in trading is already high.

Yeah, maybe there are more things that we can discover in theory but there is still more than it if we now did an analysis and other essentials in trading. So we need to make sure that we or our brains are ready for it to be able to handle them all. There must be practices or exercises that we can do in order to enhance our thinking. Much better if we can also add them on the side.
Doesnt matter on what you are dealing into on which reading up or learning from those books or simply with theories on which you do able to obtain or read up is something that will really be significant into your overall career or whatever that you are dealing into because these could give out that kind of famiarlization on things or  terms on which this will really be that relevant in overall learning. When it comes on learning into other stuffs then this could really be obtained through real experience and this is no question about it. It is really that true that there are those peopel who are really that good when it comes to theory but ending up on messing up on the actual dealing or on the moment that they will really be doing it.

Experiencew ould really be the best teacher out there on which on the moment that you do really deal up with these things then those stuffs that you havent been able to learn or see in books or write ups
then this is where you would be able to obtain in real dealing. This is why it will really be that relevant that you can obtain more experience on the moment that you do engage into it. As you do go forward
then you are really that making yourself way more experienced and more knowledgeable on which you could enhance out your skills and really make this one out as your advantage.
hero member
Activity: 2660
Merit: 587
October 27, 2024, 04:54:30 PM
#48
Theory is different from practicals and only when you want to have the real experience through practicals you can see the clear difference in them. Theory will teach you a lot of things
There are things that are only good at theory and we can do nothing about them anymore but for things like trading, it is very possible. I bet a lot of people read theories about it because they are interested to jump on it later on and a few are just jumping on it quickly with nothing on their brains. This is very(2x) risky, as we know that the risk in trading is already high.

Yeah, maybe there are more things that we can discover in theory but there is still more than it if we now did an analysis and other essentials in trading. So we need to make sure that we or our brains are ready for it to be able to handle them all. There must be practices or exercises that we can do in order to enhance our thinking. Much better if we can also add them on the side.
hero member
Activity: 2184
Merit: 599
October 27, 2024, 03:46:39 PM
#47
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.
Learning from experience is a key to accelerate us in learning because it will give us knowledge and skills directly into us, and understand the situation that is not and good to do at the moment, and if you really want to be much faster in learning then people's experiences Others must be additional learning to avoid mistakes that can eat money and time as you say, it is a wise decision.

But it is very unfortunate that people want to hear the success of others than what other people do in every mistake.
copper member
Activity: 2912
Merit: 1279
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October 27, 2024, 02:52:45 PM
#46
There should be a balance between theory and practical application, which are very different but work hand in hand if you know how to apply the right things. Identifying the right strategies for the type of market that there is a way to know what to do and the things you would do would be from the theoretical side. Applying the knowledge that you have is the practical side, and there will always be both of them. It’s hard to control, and they will always be both.

In my opinion, the most important aspect of trading is the emotional aspect. It’s hard to control yourself if you're really emotional.
legendary
Activity: 2996
Merit: 1054
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October 27, 2024, 02:49:03 PM
#45
I agree with you, learning from experience by reading articles will provide different learning and both are very important. But experience is a very valuable teacher in trading, it takes a long process to get it. By learning from experience we will be better able to overcome obstacles, analyze the market and be able to apply good emotional management.

By reading articles you will learn to understand various methods in trading, but with experience you will better understand market conditions that are always different so you can choose the right method, this will help us to make a profit and avoid the risk of fatal losses.

After reading articles and trying to work on your own experienced will bring your the clear view of what you are reading, it's the best practice that will lead to succeed which you won't be able to understand without putting yourself in and trying to learn more about the process, it's very important that in each session that you take always learn from it.

From experienced, you'll grasp things up and it's your take if how you'll adjust for the betterment of the result.
hero member
Activity: 826
Merit: 583
October 27, 2024, 02:38:14 PM
#44
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.

Some beginners in trading must have doubts and concerns when they want to start. they only have little experience or even none at the beginning. what they rely on is definitely knowledge from reading and listening to other people's experiences. there's nothing wrong with that, but after starting their first few trades, beginners must get their own experience. and the best thing to do is for beginners to be able to study from their own trading experience. whether in profit or loss, there is a lesson that can be learned.

I'm not so sure, but maybe more beginners are interested in instant results. they follow signals in trading because of their impatience.
hero member
Activity: 1120
Merit: 887
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October 27, 2024, 02:19:05 PM
#43
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.
I do agree very much with you. Books , articles, and YouTube videos can only teach you so much. They are infact passive learning. They real learning comes when you get your hands dirty in the live trading. The demo trading is the same category with books and articles. The the live environment the market is dynamic and changes happen fast, and you need to act fast. It is the experience gotten from these different expected and unexpected scenarios that brings about learning.
full member
Activity: 5
Merit: 0
October 27, 2024, 12:24:24 PM
#42
I agree with you, learning from experience by reading articles will provide different learning and both are very important. But experience is a very valuable teacher in trading, it takes a long process to get it. By learning from experience we will be better able to overcome obstacles, analyze the market and be able to apply good emotional management.

By reading articles you will learn to understand various methods in trading, but with experience you will better understand market conditions that are always different so you can choose the right method, this will help us to make a profit and avoid the risk of fatal losses.
member
Activity: 56
Merit: 3
October 27, 2024, 10:24:05 AM
#41
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.
Books are a good source of learning acquisition. However, in a field where skills and practical strategies are what makes a reliable trader, learning experience is still the best key to its success. You need positive experiences that will make you a trader who can easily think of any possible solution everytime the market becomes uncertain, and even negative experiences that will leave you lessons that are vital in trading to make you trade more successfully and profitably.
Detailed knowledge of trading can be obtained through reading books and the process of applying that knowledge can be started through activities. When a trader can apply his knowledge in real world it can be very useful for him but most of the time traders are more interested in getting profit than holding which results in risking their capital. I would say initially traders need to build up a holding through buying and later should opt for short term trading.
sr. member
Activity: 1148
Merit: 432
October 27, 2024, 03:36:19 AM
#40
It can help to learn something from others, however, the main teacher of a trader is the market itself and his own experiences of it.
Sure, sources can provide different theories and info, but in the end, you utilize it in your own way.

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.
legendary
Activity: 3276
Merit: 2442
October 27, 2024, 12:58:00 AM
#39
Experience is the sum of the mistakes we have made. Reading books is cool and you might learn a lot from reading them but unless you do the actual thing, your education will not be complete. Sometimes people read a few books and they think they learned it but everybody has a different perception of reality so when different people read the same text they might understand it differently. Doing practices will correct these mistakes because if you are getting unwanted results no matter what you understood from the book you have read, you are obviously doing it wrong. “Practice till your skills become perfect” you will lose some money but no book can teach you better.
hero member
Activity: 1722
Merit: 801
October 27, 2024, 12:45:57 AM
#38
Undoubtedly, guides and lessons learned from books or anywhere can't make you as good as practice can. This is why they say, "practice makes a man perfect." you can only become better at something if you do it yourself. Theory is important to make you understand and know certain things, but you will only become better at doing that particular thing if you keep doing it yourself.
Learning from books, courses and other resource types is good start because it helps a newbie to gain knowledge about this market, trading principles. I agree with you that trading is practice and there is nothing more important than doing trading by yourself to get experience, apply your knowledge and learn from your tradings.

Trading is risky, and trading in a volatile market like cryptocurrency market with too much news effects is very risky, so make sure a newbie using very limited part of capital for trading. Reason to use small capital for trading, is you will possibly lose it but it will help you to learn and get experience. If a newbie start trading with all capital he has, sure he will bankrupt by trading.

My advice is simple, if you can be patient in this market, don't trade, but invest your capital in Bitcoin and hold it for profit.

Bitcoin ROIs with past years don't lie.
Hodl camp can help newbies to find more reasons to invest, than trading.
sr. member
Activity: 1204
Merit: 290
October 26, 2024, 06:11:56 PM
#37
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.

Undoubtedly, guides and lessons learned from books or anywhere can't make you as good as practice can. This is why they say, "practice makes a man perfect." you can only become better at something if you do it yourself. Theory is important to make you understand and know certain things, but you will only become better at doing that particular thing if you keep doing it yourself.

However, regarding trading, what I said above doesn't have to be taken too literally. When you get into a financial market, you need to learn everything first, and then you should start practicing it to have some experience, but you need to make sure that your practice isn't costing you a lot of money.

A lot of newbies make the mistake of spending a lot of money on their initial investments as a trader when they aren't even completely fluent in the field, the result of that is surely them losing their money or at least a portion of it. The right way is to start with small amounts as a beginner and build your way up. Once you are experienced and fluent enough, then you can start increasing the investment amounts.
legendary
Activity: 3094
Merit: 1127
October 26, 2024, 05:45:17 PM
#36
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.
Books,ebooks or any write ups are really just that good for theory on which this isnt really that bad too on having these kind of learnings but of course the learning phase wouldnt really be that complete if you wont really be taking up such another step for you to do so on which having that real experience on dealing up with the market or any ventures that you are really that tending to deal with or involved with.
Whether you are dealing up with trading or you would really be dealing up with investment on which we know that not all would really be starting on being a professional or someone who could be able to directly make out some good trades or making themselves profitable. We are all passed through a phase on which we are really that still a noob. There's no such thing about all-knowing being on which been awary or knowledgeable on every thing that this world have. We will really be passing into this kind of situation and thats why as a newbie then having that real engagement and real experience will be your best teacher. Although making yourself getting prepared via reading up those theories will be helpful too but at the same time you should be considering on dealing up or with actual experience for you to have that most effective learning, but of course
self progress and advancement will really be that depending on a certain individual because we do know that there are those people who are really that fast and slow learners on which this could really be that
affecting on how someone be fast or slow on learning up things that they've been involved into.
hero member
Activity: 840
Merit: 570
October 26, 2024, 12:39:49 PM
#35

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 is the best teacher. What we learn from experience is hardly forgotten, and the best way to gain proper knowledge about trading is through experience. However, the truth is that beginners need to start with the theoretical aspect, such as learning from reading articles and watching video tutorials, before putting it into practice. If a newbie has spent some time learning the theory, the next best step is to put it into practice. This way, they can assess if they have gathered adequate knowledge about trading or not. Once they put it into practice and fail, their confidence may decrease, prompting them to seek more knowledge.

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.

Honestly, it is a very bad decision and will lead to regret for someone who wants to start trading and plans to begin with a large amount of money just because they have read different books. No matter how confident a beginner may feel about their trading knowledge, they should never attempt to start with a large sum of money. It’s better to gain experience for some time before trying to trade with a significant amount of money.
legendary
Activity: 2128
Merit: 1775
October 26, 2024, 09:25:36 AM
#34
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.
Try to be accompanied and involve those who are experienced in crypto trading activities, if you do two trading methods, namely margin and futures, it is different if you do spot trading, So margin and futures trading requires a variety of knowledge that must be learned, starting from market developments, analysis, charts and information about the type of crypto you are trading.

So whatever you do is definitely different from practice to theory, so your experience in doing it is one thing that is important for you, real learning will determine whether you become successful in crypto trading.
hero member
Activity: 2688
Merit: 672
I don't request loans~
October 26, 2024, 07:19:10 AM
#33
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.
Experience doesn't give what you specifically said OP, it just gives you what's wrong with what you're doing in general. Even not being hasty or not trading big amounts of money can still lead to various mistakes, it all just depends on how you as a trader can stomach it and plan around it instead afterwards.

And hey, I wouldn't deny that being knowledgeable can give you confidence. Just as long as it's not the "How to trade guide" book you bought off of amazon from some content creator and labels it as "financial advice". Just learn how to not let it get to your head.
hero member
Activity: 1064
Merit: 589
October 26, 2024, 04:23:13 AM
#32
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.
By book I guess you mean from articles, reading tutorials and watching videos? Yep, you can never actually learn trading from those contents. If you do really want to learn trading, you need to start trading with whatever knowledge you have. You will make lots of mistakes, but if you learn from those mistakes, you will get better and eventually learn how to trade properly. Think of those losses made due to the mistakes as a form of payment to get better. The more experience you gain, the better you get. Use the tutorials and articles only to get familiar with the trading concept.
Actually, from whatever platform we learn, as long as it can increase our knowledge, then never choose where we can learn from, be it from reading books, articles and even videos. With the note that we must be able to understand very carefully and not get caught in a wrong understanding. For example, from a video, now there are so many content creators who contain a video about trading, for example. Well, sometimes in their content, they only show the benefits, but they never show the losses that have been experienced. We must also pay attention to this so that it does not become a wrong understanding later. To make our knowledge deeper, doing it directly will make us understand the real situation better. Well, from there we can learn a lot from what we experience.
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