Topic: Learning is better than Following - page 3. (Read 735 times)

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.

That's right, market volatility is a major factor that should not escape our attention. In order to be able to find out the movement of votality, it is necessary to have knowledge about how to analyze and predict it properly. Where we are faced with the movement of graphs that go up and down, to be able to read the graph is certainly not an easy thing to do, maybe you can see the movement of votality through a website that provides it. But with you being able to read the chart, it can help you predict whether in the future the price will increase or even decrease.

As he said, learning from the basics is very necessary before you proceed to the trading system, because this basic knowledge needs to be emphasized at the beginning of trading, so that at the next stage you will not be too confused in learning it, try to learn gradually so that you can understand all the main basic elements in trading. Especially in reading or analyzing charts. In trading, your emotions also need to be trained to remain calm and patient in all conditions. Don't panic too much, and don't be too relaxed either. Stay focused on your goals and assets. If emotions are in bad shape, I suggest that you stop first, don't push yourself too much so that the problem can be resolved with a calm mind and you can make the right decisions in dealing with problems such as the decline in the price of your assets.

Not only it become better but honestly, this helps a lot.

Mentoring other people is helping as well but we should also have to stand on our own feet. The more we become independent, the more our knowledge and skills developed so well which I think is very important in order for us to improve. We don't have to rely on people for the rest of our crypto life rather than build our own reputation.

It depends though on how that copier to be that fast on following into someone, if he's that active then he wont be falling behind
but if not then he  would really be missing out  that part which would really be resulting into loss.There's so much gap when it comes to skills and knowledge into someone
who do make their own trades compared to those who are simply copying others moves.Learning for yourself is much more worth because you would really be that
confident on what you should gonna do rather than on copy others analysis just because you are just lazy to learn up everything.

Following someone to learn is actually a good idea, most people suggest others to read books, watch youtube videos and so forth, that is why I think those people fail, because it is always a person learning from "something" and not someone. I believe if you actually have a mentor like person, or a tutor or whatever where they will basically teach you how to trade and not help you trade, that would be better. Why having someone teaching you how to trade instead of actually helping you trade would be better?

Because if you actually learn how to trade from that person, you could use that forever, if you do not learn it and just follow them that would make you stop as soon as they stop, whereas if you learned about it that would mean that even if they leave you would still have a chance to keep trading with the things you have learned (if you learned enough).

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.

Learning is always better than blind following. By learning, you will get to know the different strategies used in crypto market or in any other kind of investment. This will increase your chances of earning profit and rude risk significantly. On the contrary, blindly following an influencer for investment purpose might get you into trouble of losing your investment because you are not doing any background search on the product you are investing in, and you are not learning anything as well.

No doubt, learning is the only key to success in trading. Those who are able to learn faster are more profitable and take less time while people who make the same mistake multiple times, expecting different results, will take more time and money to learn and move on.

Following others is a great idea actually if you can inherit the good characteristics of the person who I believe is successful and implement some or all of them into your own trading. The problem is that some people follow others but rather than learning they are kind of fans, like actors have their fans who can learn nothing but they just follow them.

Follow someone to learn something, otherwise just avoid following anyone and make your own mistakes to learn from them.

The author is absolutely right. We must learn and not follow someone's advice. When we just follow the recommendations, we stop developing. And developing a trader involves a process of trial and error. Yes, we must make mistakes sometimes in order to progress. In addition, the one who simply copies other people's transactions may not always be as profitable as the one he is copying. It's all about liquidity and slippage.

That type of "cap" is the reason why people do not grow too big, normally if you are learning there is always room for growth, you could be a great trader and one day can see something you have never seen before, it is just that type of deal, but when we are talking about just following others there is a room for growth but that is limited and like you said after a while you do not keep growing, because you are not learning anything.

I am not 100% against following others, if you really find someone who is good, and they do help you, and after 6 months everything looks great, you should probably keep following them, you will know if they are a person to follow or not sooner than 6 months so if there is no problem by that time, you should probably feel comfortable about it. Which is why I think it is quite important that we end up with someone we trust if we want to follow, or just learn ourselves.

If we follow someone blindly and without learning, it will no need to wait for a long time to see we will not be able to make money because we can not get what they teach us. We can follow that person, but we must learn by ourselves, so we have a chance to understand what that person means, and the important is we can have the opportunity to make a profit. You can search for the other lesson from other people to add additional information that will help you and increase your trading skills.

The perfect example for this can be the trading signals group which people join to get paid signals. If you learn the technical analysis you will not have to follow these groups to get signals and also you can preform better trading. This implies to all field of life, if you want to achieve something try to learn it and  stop dependent upon other.

I think the better saying would be "Learning while following is much better". In order to be good in something, you must need a teacher, a pro, or anyone that will guide you to build yourself up to be good at something. Following a professional trader will result to a good profit, also, you must be learning while doing so because if not, then you're not growing, that's purely parasitic instinct.

A good teacher is a good inspiration to do things much better, so you could surpass them one day and make them proud as your teacher.

Following will never let you grow after a certain amount of time. It's only good when you don't know anything about the concept and want to learn. Once you are done with the basics, it's probably best to study yourself and make it on your own. Make mistakes, learn from them, don't ever make the same mistake again, there are always better ways to do something. You just have to keep the patience to find it and do it.

I agree with you, you need to make a decision on your own about your investments, now there are a lot of stuffing in social networks, YouTube, and so on. It is always necessary to conduct a deep analysis before entering a deal or investing your money in a project, you do not need to be based on any one opinion.

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.

A common way for new traders to react in the market, Those who don't know the psychology of trading will react the same and panic every time the market put up a big move. People who just got into the crypto market because of the hype were mostly on a loss because of panic selling, I've known some in real life  and I don't know why do they don't learn from their experience in the last 2017 bull run which happened that the reason their losses is rushing things up and panicking on the given scenario.

Without a doubt testing your strategy is critical even if you are not using real money as this will give you a better idea of how trades take place and the mental process you have to go through, however despite all of this is still not the same, you are not going to feel the same pressure that you feel when it comes to real money.

Most people are trading with amounts of money that are significant to them, which means they do not want to lose, and closing a trade when you are losing money is really hard but it has to be done, but many people fail to do so since they are hoping the market recovers and while sometimes they are going to be right the moment they are not the losses they will accumulate will be massive to the point it is impossible to recover from them.

When I got into trading, I decided to take the risk alone but this is really hard. That is why I'd ask someone who is mean to be an expert or just have knowledge about trading. He is a friend of mine and I think there is no problem with that but if you are talking to someone not known to you, that might never work.

A reason why some people (just like me) doing this is to learn more. Will Youtube is enough but much more detailed if someone will teach you personally but this doesn't mean that we have to rely on them always. We must have to stand our own feet also.

Many people experience losses when trading, usually following other people's trading signals. Even though this must be avoided, if we want
to become successful traders. Must learn about trading, so do not depend on other people's signals when trading. Therefore, don't be lazy to
learn how to analyze the market, if we can analyze the market well. Should be able to determine the buying / selling price. That way it will
usually be easier to make profit from trading, if we can analyze price movements in the market correctly.