Topic: Learn from experience more - page 3. (Read 1091 times)

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.

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.

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.

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 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.

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.

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.