Learning is better than Following - page 2.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: conected on March 07, 2021, 08:21:39 AM

Quote from: ?? on ??

Learning still the best rather than following, this is true and correct. I never depend my profit into someone success or way.
I knew that through my experience I can discover or learn something from it. And this was already proven and tested to the majority
of the community here actually.

- Knowledge is an important foundation but everyone's life is busier than you think, if you are a young person you will have time to learn but if you are already middle-aged, learning may really have become difficult, even with an effort, your brain still can't work at full capacity, following is probably the more appropriate choice for this age group. Because you've had life experience, your perspectives on the market and other people's speculations will be deeper, learning is only better when you are able to absorb, otherwise, following the path of a successful person is not a bad idea.

I think you have some point although not all people are like of what you think they are even if they were a middle-aged person. Some of us will have a different priority in life so if someone's choosing to be a hard worker it's their choice while others choose to do full time job and others choose to do full time traders. We all have our own choices so what you choose is not a bad choice it's just that we all have different priorities and choices in life.

Following someone is not bad but you can't move up if you keep following someone ahead of you. Try to invest time and dedication to learn from reading different books and various strategies to try and practice while learning how to do it right. It may not be a total success but the more you learn the more you will most likely to succeed in life.

conected

hero member

Activity: 1302

Merit: 503

Quote from: ?? on ??

Learning still the best rather than following, this is true and correct. I never depend my profit into someone success or way.
I knew that through my experience I can discover or learn something from it. And this was already proven and tested to the majority
of the community here actually.

- Knowledge is an important foundation but everyone's life is busier than you think, if you are a young person you will have time to learn but if you are already middle-aged, learning may really have become difficult, even with an effort, your brain still can't work at full capacity, following is probably the more appropriate choice for this age group. Because you've had life experience, your perspectives on the market and other people's speculations will be deeper, learning is only better when you are able to absorb, otherwise, following the path of a successful person is not a bad idea.

Granxis

hero member

Activity: 1400

Merit: 536

It is influential to make mistakes on our own, because if we make the mistake, we will only be upset and learn something however, making someone else's mistake can be humiliating, furthermore you may not be able to forgive yourself. I'm making a mistake and I don't repeat that mistake a second time, but following other people can cause us to make mistakes more than once.

Xinarae*

sr. member

Activity: 1414

Merit: 326

I think you have to learn before you following is often a mistake and therefore a loss. It becomes easier to learn first and then analyze the market and achieve success trading must be viewed from a business perspective this is not to mention that we must maximize our profits and minimize our losses if you find that this has not been the case for some time then you need to change the way you are trading. Try to learn if everything is working properly according to the strategy.

Innerpumper

member

Activity: 1021

Merit: 12

that's right, I've always been at a loss when following others in the absence of analysis before entering. Usually they just want to make their own profit by buying at the beginning and then sharing the news in the past that makes coins go up. It's very dangerous to follow. I was the umpteenth victim. I hope this won't happen again. And it should deepen learning from experience as well as technical trading.

Maslate

hero member

Activity: 2954

Merit: 672

Message @Hhampuz if you are looking for a CM!

Quote from: slaman29 on March 06, 2021, 09:36:16 AM

Quote from: Golftech on March 03, 2021, 10:00:35 AM

The disadvantage of a copier is when the market crashed, the one he's copying are capable of selling and cutting their losses, as knowledge about the market condition gives them the opportunity to adjust, while those who are just copying, the chance of being left behind is always there, quick market movement kills your position and burned your investment.

Doesn't matter then if it's a market crash or a market spike. If you're copying you're always behind in time and not able to react as quickly. But anyway, a pro trader always enters/exits long before he sees a crash/spike. If you're reacting as it happens, you're not pro at all! Correct me if I'm wrong but that's actually the whole difference between pro and amateur.

An amateur trader will respond immediately that is why they mostly suffered losses. If they see a dump, they will sell immediately, unlike pro traders who will take a pause and analyze the situation then take action. Pro traders are more on the observation and market analysis which a thing we wanted to copy but as usual, most noobs will easily be twisting their minds and more on emotions which drives them to a wrong decision. But this is how learning proceeds, it can't be good at the very beginning, it can only be good once we correct our mistakes and tried not to do it anymore.

adzino

copper member

Activity: 2968

Merit: 575

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This is true. Following won't lead you anywhere in the long run. I have seen people blindly investing in coins just because a very "influential" person he follows told their viewers that they are investing in that coins because of "some random" reason. And then people jumps into it without knowing what they are doing. Such act is very risky. You will highly likely end up investing in scam projects or coins. But if you tried to learn about the project or coins and do some research, you would have likely know that it is a scam project or is bound to fail. Yet, people still never bothers learning. All they want is someone to guide them without them giving any effort whatsoever.

slaman29

legendary

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Livecasino, 20% cashback, no fuss payouts.

Quote from: Golftech on March 03, 2021, 10:00:35 AM

The disadvantage of a copier is when the market crashed, the one he's copying are capable of selling and cutting their losses, as knowledge about the market condition gives them the opportunity to adjust, while those who are just copying, the chance of being left behind is always there, quick market movement kills your position and burned your investment.

Doesn't matter then if it's a market crash or a market spike. If you're copying you're always behind in time and not able to react as quickly. But anyway, a pro trader always enters/exits long before he sees a crash/spike. If you're reacting as it happens, you're not pro at all! Correct me if I'm wrong but that's actually the whole difference between pro and amateur.

CryptopreneurBrainboss

legendary

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Quote from: crzy on February 19, 2021, 05:44:11 PM

Learning is hard and that’s why many are just looking for a signal and follow it, which I think is not a good strategy.

Humans are known for always wanting to take the easy way out which is why majority aren't as successful as the few that are willing to take the pain, risk and learn from the process instead of blindly following others. It's quit understandable why traders tends to want to be on the recieving end just taking signal and place their trade. It's not the best strategy and the sooner you realize this the better fir your career.

At first or probably for a very long time, you can recieve huge profit provided your signal provider is good at what he does and doesn't what to take advantage of your gullibility to dump coins on you through pumping and dumping particular coins if his desire but still that's not the best way to trade. You should pick interest in learning and you won't regret such decision.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

I'd mentor one person before and I take that opportunity to learn more. This is a process, even you learn from youtube but you are still following someone, do the subscriptions and follow what they say.

It finds no wrong for me, that is how we develop our knowledge but of course, we have not to keep relying on them. It is a need for us to make our own and trust ourselves. This is a way to test ourselves if we are truly enough to take the challenge and stand our own feet using the learning that we have.

abel1337

legendary

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Quote from: wxa7115 on March 05, 2021, 04:42:44 PM

Quote from: el kaka22 on February 26, 2021, 11:51:02 PM

I personally feel like learning is something that never stops, so you could start whenever you want because even if you study for 3 years, that doesn't mean that at the end you are not going to have to stop learning and just keep trading for 20+ years with that knowledge, you will have to keep grinding no matter how great you are, even if you work 20 years on it that doesn't mean you can stop.

This is why I believe you can start trading today right away without learning anything, and then while trading keep on learning as well, that is just how it should be like. Obviously it is not really ideal to start right away but you understand what I mean, it is not about when to start or when to learn, that is what I mean, it is about how you keep learning more and more and more all the time. Never trade and just make profit and think you are fine because you are not, the money you make right now could be your loss tomorrow if you do not keep learning.

I get what you are saying and for the most part that is the attitude that those that become successful have in whatever they want to master, some people think that this is just like what happens in school in which you study for a test, then pass the test and that is it, but in reality you need to keep learning and improving yourself and your strategy.

And the reason for this is simple to understand, if you want to stay at the top you can never stop learning because other traders are not going to stop either and they could improve their strategies to the point the strategy you use now becomes obsolete in the markets in just a few years, so you need to keep grinding just to keep up, and while it is hard at the same time it is an incredibly rewarding experience for those that can accept this is just part of what becoming an expert trader is really about.

It's a fact that you need to continuously learn how to trade, New things are spicing up the trading community and different types of trading are showing up. Honestly, I temporarily quit crypto and trading way back in 2018 when the big bear run happened. When I came back and tried trading again, I was very confused about my losses because the same strategy and habits that I used before are what I am applying but I keep losing. I figured out that I need to relearn or review how to trade again and futures trading that time is new for me so it is not a waste of time studying trading again.

wxa7115

hero member

Activity: 2814

Merit: 734

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Quote from: el kaka22 on February 26, 2021, 11:51:02 PM

I personally feel like learning is something that never stops, so you could start whenever you want because even if you study for 3 years, that doesn't mean that at the end you are not going to have to stop learning and just keep trading for 20+ years with that knowledge, you will have to keep grinding no matter how great you are, even if you work 20 years on it that doesn't mean you can stop.

This is why I believe you can start trading today right away without learning anything, and then while trading keep on learning as well, that is just how it should be like. Obviously it is not really ideal to start right away but you understand what I mean, it is not about when to start or when to learn, that is what I mean, it is about how you keep learning more and more and more all the time. Never trade and just make profit and think you are fine because you are not, the money you make right now could be your loss tomorrow if you do not keep learning.

I get what you are saying and for the most part that is the attitude that those that become successful have in whatever they want to master, some people think that this is just like what happens in school in which you study for a test, then pass the test and that is it, but in reality you need to keep learning and improving yourself and your strategy.

And the reason for this is simple to understand, if you want to stay at the top you can never stop learning because other traders are not going to stop either and they could improve their strategies to the point the strategy you use now becomes obsolete in the markets in just a few years, so you need to keep grinding just to keep up, and while it is hard at the same time it is an incredibly rewarding experience for those that can accept this is just part of what becoming an expert trader is really about.

Shasha80

sr. member

Activity: 1876

Merit: 318

There is nothing wrong with us following other people when trading, but don't trust 100% with other people's analysis. Because it is possible that
the people we follow are wrong in doing the analysis, we must also be able to analyze the market on our own. That way we don't need to depend
on others, or can be used as other people's signal only as a comparison of the results of the analysis that we do ourselves.

fahmimajannat

jr. member

Activity: 420

Merit: 1

Actually its true.
Taking decisions by yourself is far better than depending on others decision. Because at least u can blame yourself for the loss.
So try to learn first instead of following one self.
Maybe the one you are following has some different mind set or plans which doesn’t suit you. So
Its better to take decisions by your own

Yamifoud

hero member

Activity: 2828

Merit: 518

Quote from: Inspiron14 on March 04, 2021, 06:15:56 PM

Many people have said that for a long time, that learning is a teacher in our life, as well as for trading, because trading requires experience, without experience we will never know how to trade it, learning from experience is a good thing to be successful, not from following free signals or from friends, because if we are like that then we will be addicted, and success will never come.

If we want to succeed, we just have to learn it first.
This will be a big struggle for those who want instant gains from trading, they usually relying on third parties and pretending to be helpful but deep inside, they are the ones that brought you to the deep. We can't expect this free signal trading will work, it will just brag to greedy people and that is not to wonder why many people like them had come to lose because of these people.

Edsemen

full member

Activity: 413

Merit: 100

When we're going to start trading, basic learnings could be hard to acquire during hardships. The market was too volatile, and if you don't yet have the skills to manage your funds you're going to fail at 100% probability. After all, you won't learn when you don't fail so every mistakes might be your ultimate one point lesson before heading to success. If you're just following others technique, I don't think that's effective because having your own way of dealing in trading is the most efficient strategy.

Inspiron14

full member

Activity: 1064

Merit: 101

Many people have said that for a long time, that learning is a teacher in our life, as well as for trading, because trading requires experience, without experience we will never know how to trade it, learning from experience is a good thing to be successful, not from following free signals or from friends, because if we are like that then we will be addicted, and success will never come.

hulla

hero member

Activity: 1834

Merit: 566

OP, I am sure someone will get something from your knowledge because we are in the season where the message posted or tweet wrote by some influential are seeing as investment advised by a lot of cryptocurrency trades/investors which shouldn't have been like that and it sad either that people ignore the learning aspect before chasing after making a profit.

Issa56

hero member

Activity: 1484

Merit: 928

Whenever it comes to cryptocurrency you have to follow someone that knows better than you but if you don't want to follow anybody and you just want to trade or invest in Cryptocurrency you might always end up losing you funds so when it comes to cryptocurrency always follow people that knows better but in d process of following someone always make sure that you are learning things on your own. Maybe if he tells you to buy a coin make sure you do your own personal research about the project before buying always try to learn from the person incase whenever the person is no more available you will be able to stand on your own and start buying yourself. But as a newbie in Cryptocurrency you definitely need a mentor.

LUCKMCFLY

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Quote from: Fatunad on March 04, 2021, 02:52:46 PM

Quote from: ?? on ??

Yes, I agreed with you. We can not make more profit for following but new trader need to follow cause he don't have huge Knowledge about crypto. I tell we need always learn. Learn first then start to earn.

Not necessary for you to follow because you can eventually learn when you do trade on your own or doesnt depend on anyone but if your way of learning is to
follow someone and make out some observation then that what counts but dont rely on it in longer runs but rather try to observe on things on how they
had able to do such thing and later on, make trades on your own and try to formulate on things which you do seem to be effective basing on the
market condition.We do have different decisions to be made on specific time so it all varries.

In part, it is better to learn first to fail, it is not nice to lose money, and it is better to apply trading plans with fictitious money in the exchange. And although failures teach, you should know how to interpret what it failed.

The biggest of all errors is that when you win in trade, you should know why, if you lose the same, this will grow as a merchant, trade is like a profession, where every day you can learn something new and take more experience, until What do you interpret when you can have and use intuition.

Also something I learned is, if you lose three times in a row, it should stop, because the plan you did is wrong, you should change the way to do trading or wait for the market from another entry.And do not lose more than 10%.

Topic: Learning is better than Following - page 2. (Read 795 times)