Pages:
Author

Topic: Learn from experience more - page 5. (Read 1091 times)

sr. member
Activity: 1204
Merit: 290
October 26, 2024, 05:11:56 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, 04:45:17 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, 11:39:49 AM
#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, 08:25:36 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: 2702
Merit: 672
I don't request loans~
October 26, 2024, 06:19:10 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, 03:23:13 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.
sr. member
Activity: 588
Merit: 438
Forum Only For Fun
October 26, 2024, 03:06:15 AM
#31
Not all writers of books, articles about trading tips are successful traders based on the experiences they have had. They could have written because of other sources to be used as an article and not because of trading experience.
You are right that the trading experience itself that is done consistently is a very valuable lesson.

Reading articles or writings that someone can get a lot of money because of the trading they do can hypnotize our minds and give rise to a high sense of confidence that we can get money in the same amount as them. This is the beginning of a trap that will determine two outcomes, safe or lost.

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.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
October 25, 2024, 08:32:15 PM
#30
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.
sr. member
Activity: 182
Merit: 120
October 25, 2024, 05:48:50 PM
#29
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.
If you’re simply against learning about trade from articles why not focus on different learning platform or streamers. There’s no best way learning without encountering lose and what’s more important is winning at last, it’s fine if a newbie try to view trading as something simple but, it’s better they know about trading first including the lose involved before gaining much confidence. Surprising after a lose some might decide to quit, all this are part of experience mostly a newbie reaction concerning the market movement, just gain the knowledge first before feeling over confidence.
sr. member
Activity: 504
Merit: 279
October 25, 2024, 04:32:59 PM
#28
it's entirely possible to become a good trader without taking heavy losses at the start. Preparing thoroughly, using demo accounts, and studying well allow for learning without risking money. Confidence also comes from preparation, and a beginner doesn’t necessarily need costly mistakes to improve

While losses in trading is inevitable, heavy losses can be avoided with a proper risk management even if you’re a newbie as long as you have prior knowledge of it before going to trade and you strictly stick to the risk management without going against it, be cause it’s the reason why you see many newbies later ended up with heavy losses not that they don’t have proper risk management but sometimes the euphoria of winning trades back to back leads them to go beyond their risk management strategy. Also newbies can improve if they choose to get better but the reason why loses are what drives the tool is one is always because it is a lesson learned the hard way and without it as human we fail to leave our comfort zone and if a trader doesn’t actually looses then they believe their strategy is the best and they never try to improve move and that’s why many people regard loses as the best tool to driving the force for improvement
hero member
Activity: 1484
Merit: 928
October 25, 2024, 04:17:45 PM
#27
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.
How will you be confident about trading when you haven’t given it a trial before? Reading books is just the theoretical aspect of trading, and that doesn’t make you a trader if you haven’t given it a trial and seen how it is. If you are a beginner and you decided to trade for the first time after reading lots of books and you made money from your first trade, that doesn’t mean you already know everything about trading yet, getting it right in the first trade doesn’t mean you are a professional yet and you will always get it right. That’s why newbies are supposed to be careful always, and they shouldn’t be too confident in themselves.

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 beginner in trading, if you decide to start trading with a large amount of money, then don’t be surprised that you will end up losing most of the money that you deposit to trade with. Most beginners, which I know do lose their first deposit, because they are in the learning process, and since they are still new, they are always scared, which is the reason most of them do lose. So when newbies start trading, then they should do it with a small amount of money.
sr. member
Activity: 574
Merit: 310
October 25, 2024, 03:13:29 PM
#26
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.

How many traders still learn from books, people are now learning from YouTube, Tiktok and social media because that's where many people spend most of their time and they get to see alot of video on the subject of trading. Inspite of where we learn trading from, we should practice many times through demo accounts and also live accounts that have small capital to get live actions from the market as this will help us to become more aware of how the market moves and it'll also give us experience that we'll need to help us when we begin to be trading more frequently.

Learning from experience requires us to always practice our strategy and this will give us more knowledge as we get to see how the market is repeating patterns that it has had before. There's nothing new in the market, everything that's happening now has happened before and it will happen again in the future.
hero member
Activity: 1386
Merit: 513
Payment Gateway Allows Recurring Payments
October 25, 2024, 03:00:15 PM
#25
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.
You are right when someone follows their inquisitive thoughts and try to go with their plan instead of following the knowledge he already gained by reading articles or videos and making mistakes, then it really build their confidence in them for future so they won't make the same mistake again but what if they would have trusted the source in the first place.

Then they would have saved themselves but I had this conversation few times with other members that going with the inquisitive thoughts is a good choice and following your plan not the articles and learning from experience is good but if we are reading the case study and learning from someone else's experience then we must follow it.
hero member
Activity: 1316
Merit: 787
Rollbit - The #1 Solana Casino
October 25, 2024, 02:42:35 PM
#24
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.
In a learning position, trading after reading books or articles certainly cannot be considered bad either because in that way you can get experience. Basically, there is a difference between theory and practice, although not that far. If the theory is understood, a person's mind will think that when entering the practice stage it will feel easy. It turns out that when you have practiced, what is obtained in the book is different because it feels difficult. Of course I admit this because not all the knowledge gained from books is not all written by traders.

From practice will give us experience. Experience can lead us in a better direction.
legendary
Activity: 2716
Merit: 1092
Leading Crypto Sports Betting & Casino Platform
October 25, 2024, 10:57:29 AM
#23
Yes and the real lesson is when someone is involved in the activity, but of course I also cannot assume that the articles or information from social media that you find are not important, and perhaps more precisely the books or articles that you read are useful to give you basic knowledge related to what trading really is and how the risks that can be caused by the activity when done in the wrong way, meaning that even though the real lesson is when someone goes directly into the market, of course I will also still advise beginners to first read the article so that they know and understand first about what trading is, because when someone knows and understands what they are facing, then various precautions and decisions made based on that consideration will be taken.

By reading, you will gain basic knowledge and by trying it directly, it will give you lessons on how to trade correctly and how to trade incorrectly, you will get that in the adaptation stage, but that will also only be possible when you are able to evaluate and learn from mistakes.
hero member
Activity: 3052
Merit: 606
October 25, 2024, 10:29:59 AM
#22
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.
legendary
Activity: 966
Merit: 1042
#SWGT CERTIK Audited
October 25, 2024, 08:22:45 AM
#21
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.

No doubt that the market is your best teacher, but you can say that this is a teacher with no emotions who doesn't care about their students haha theoretically, so make sure to find multiple mentors and sources of information that you can use this teacher to test your strategies.

In trading, you can copy someone's style but you cant copy his/her mindset and perspective and this is what matters in order to survive and be a shining star in this market. All you need is to train your subconscious mind with strict discipline.

 
hero member
Activity: 1246
Merit: 699
October 25, 2024, 08:07:12 AM
#20
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 cannot be gained before trying. although it is very possible that we can learn from other people's experiences, but I think it's the same as learning from books or videos that we can watch.
trying to trade more might be better for beginners,. because it certainly provides new knowledge and experience for beginners in direct trading that certainly cannot be felt through other learning processes.
but what is perhaps unfortunate is that not many beginners seriously understand how to take learning from their experiences. and at the beginning beginners usually experience the same problems in several trades.
copper member
Activity: 56
Merit: 1
October 25, 2024, 01:31:40 AM
#19
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.

Not all writers of books, articles about trading tips are successful traders based on the experiences they have had. They could have written because of other sources to be used as an article and not because of trading experience.
You are right that the trading experience itself that is done consistently is a very valuable lesson.

Reading articles or writings that someone can get a lot of money because of the trading they do can hypnotize our minds and give rise to a high sense of confidence that we can get money in the same amount as them. This is the beginning of a trap that will determine two outcomes, safe or lost.

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.
sr. member
Activity: 588
Merit: 438
Forum Only For Fun
October 25, 2024, 01:15:00 AM
#18
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.

Not all writers of books, articles about trading tips are successful traders based on the experiences they have had. They could have written because of other sources to be used as an article and not because of trading experience.
You are right that the trading experience itself that is done consistently is a very valuable lesson.

Reading articles or writings that someone can get a lot of money because of the trading they do can hypnotize our minds and give rise to a high sense of confidence that we can get money in the same amount as them. This is the beginning of a trap that will determine two outcomes, safe or lost.
Pages:
Jump to: