Learning is better than Following - page 4.

Johnyz

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Quote from: kawetsriyanto on February 26, 2021, 05:52:13 PM

Following has become a trend in this crypto world, moreover it is following a public figure or even someone popular, rich, and also big. However, this is not good at all, moreover, it is about investing and trading in the crypto world.
I do agree with you where we need to learn at first, learn more than only following

Most of the people are thinking to make money easily and that’s why they always follow someone else, most of them succeed in short term but later on, if they continue to follow I’m sure that they’ll lose money. Having the right knowledge is very powerful, we must not skip from learning and we must be more willing to sacrifice our personal time just to learn things that are more important.

kawetsriyanto

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Following has become a trend in this crypto world, moreover it is following a public figure or even someone popular, rich, and also big. However, this is not good at all, moreover, it is about investing and trading in the crypto world.
I do agree with you where we need to learn at first, learn more than only following

goldade

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The Standard Protocol - Solving Inflation

Quote from: Imran232 on February 19, 2021, 02:19:25 PM

Hello everyone, i hope you guys are really well and taking a handsome amout of profit from this huge bullish market. Today i will talk about something different. I think my this suggestion will help you alot for your future. Actually I think we can't make profit after a time in crypto. Why? Answer is simple because we are following someone blindly and also without learning. Just think if we depend someone to invest our money is it right? No, never. Well we can follow someone's to take suggestion, or gaining knowledge or problem solution strategy. This could be bring us a better future. But if we follow someone all the time then just think if you fall in some trouble but he i is now not available to solve your problem then what will you do. When he available you are already in big loss. Is it Will be your journey? No, Not. Then what should i do? Simple, Learn to follow Your self, learn to fix problem, learn to find new problem then fix it. Try to discussed Everytime with expert to gain knowledge not to take suggestion where coin i should invest now, tell him to help you to understand graphs, technical analysis. How we have to deal with price chart? If you can learn from them, then you can be get a better future journey than a following someone's journey.

If you guys think i am right then comment something posetive. which will motivate me that someone get something from my knowledge. Or if you think i am wrong somehow then please suggest me how i can be in right road. Thank you

You're absolutely right. A lot of folks follow blindly the steps of others without taking the time to learn how those people make their decisions concerning trading.
Personally, I have no issue with the idea of copy-trading. Copy trading is actually a good way to make money trading without having the necessary skills and knowledge required for trading. It becomes a problem when the folks practicing copy-trading do not have any desire or make any attempt to learn how to actually trade
I believe the best thing to do is to actually learn how to trade by taking the time out to gather the necessary skills and knowledge

shield132

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The highest percentage of crypto traders are noob and panic buyers/sellers. They buy bitcoin at 58K and then sell at 50K. They bought at 58K because after looking on it for a long time, they analyzed that this coin rises and could double their capital but they realize it very late. Then, once they buy on peak and price starts to decline, they think: OMG, I'm losing my money, I have to sell these coins immediately and get the money back until it's late. Then the price goes up, then their money is F*ed up and that's all. In trading, there are endless rise and falls.

isaac_clarke22

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Quote from: Mahanton on February 25, 2021, 02:44:09 PM

Quote from: isaac_clarke22 on February 25, 2021, 01:14:55 PM

Quote from: Imran232 on February 19, 2021, 02:19:25 PM

~

When it comes to hype and positive sentiment then it would really be depending on your if you do decide up to jump in with the hype or would wait for some time before
some reaction or shall we say some price action that you are waiting for.You can also learn while you do follow someone too but doesn't mean that you would
heavily relying into those events and would be completely forgotten even going with the basics of investing or trading.Always bare in mind that not all news or events
will give out significant impact.So its up to you on how you do deal with it.

Didn't expect a reply but yeah gonna agree with that.
I usually just live my own business though I am sure that I am still affected to how majority will react to some certain hype because for sure it will cause a lot of demands in the market and many would buy.
I don't follow any crypto celebrity at all.

fullhdpixel

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Quote from: Review Master on February 25, 2021, 05:46:08 AM

Indeed, anyone can be a successful traders instead of following others trade signals. But it's also a great way to learn from anyone's trade signal like "why that expert think thses coins/tokens will pump or dump in the upcoming days? What'll be the right price level to buy any coins/tokens?". If anyone ask yourselft with this questions and constantly try to figure out the answers of those questions. Than it won't take more times to become a successful trader on your own, IMHO.

No harm in reading and following the signals and suggestions from the so called "experts" although I firmly think that no one can predict the market movements, but make sure that while following and reading their suggestions you are not just getting completely dependent on them for your trading. Learn from anywhere and everywhere possible but the decision at the end should not be solely influenced by them.

It is often said make mistakes and learn but the smart traders are those who watch others make mistake and learn from that because if you make mistakes and learn it costs you money and time. It is not as easy as it is saying but once you learn that art where you learn from all sources but never get too carried away by any of them, it really helps.

There are some traders who follow signals from a lot of groups and combine them to understand what the average signal looks like. It is quite similar to how gambling works actually. You ask 10 tipster to guess the correct score of a soccer match, then compare the predictions and you get a good idea of how the result should look like.

bitgolden

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Quote from: Sinjokubhi on February 25, 2021, 06:35:51 AM

We should not rely too much on someone professional or expert to invest our money continuously. It looks easy, we invest our funds and ask someone who is an expert in trading to manage it, we just give up funds and make a profit without bothering. But it will be very risky for us, if we have no knowledge or experience at all about the world of trading, and we choose the easy way in that way. Because we will not know exactly where our funds run, where our funds will be invested, and fully traded.

Therefore, we have to start learning how to trade. Why? Because that's where we will look for profit or a living. If we don't know anything and just jump into the world of trading just like that. Then it will be a turn off in the future. Since trading cannot be started just like that, we need to first learn about how to trade. Starting from analyzing the market, reading chart movements or candles, or buying or selling currencies. All need to be calculated with precision. There is nothing wrong with learning to trade while being assisted by an expert, we can ask about what we don't know, learn while starting with a small fund first, if you are sure what we have, then start trading.

This also depends on the familiarity as well don't you think? I mean sure the idea that we shouldn't give our money to experts or just blindly do what they say we should do, because that doesn't really mean anything to us, we should learn why they say one thing or another and so forth. At the end of the day we are going to end up with absolutely nothing, maybe some money if we are lucky but we do not even know why that money came when it came and when it will change etc etc.

However let's say your closest friend is master at this, been trading in stocks/forex for over a decade and been trading in crpto for 5+ years and made great returns in all of them and a rich person (I have one like that who made 2+ million dollars from bitcoin trading alone) won't you trust him? I mean not only because we are talking about just profits or losses, but because if it is your friend, you do not even have to know anything since he could practically manage it for you.

migolmigol

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I really do agree to this. A lot of people are just following the trades of others and as a result they actually fail to understand what is the strategy of the trading making them having loss in that trade. For beginners, it is okay to follow some trades but it is important to learn the strategy. What parameters and studies did that trade use and what exit strategy you should come up with to maximize and secure the profits.

Trading is a continues learning. There are a lot of factors affecting the demand of a crypto and so we need to continuously understand how this factors would affect the price. Create and personalized your own strategy as well depending on your activeness in trading and risk appetite as well.

kramchers

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Quote from: Imran232 on February 19, 2021, 02:19:25 PM

Hello everyone, i hope you guys are really well and taking a handsome amout of profit from this huge bullish market. Today i will talk about something different. I think my this suggestion will help you alot for your future. Actually I think we can't make profit after a time in crypto. Why? Answer is simple because we are following someone blindly and also without learning. Just think if we depend someone to invest our money is it right? No, never. Well we can follow someone's to take suggestion, or gaining knowledge or problem solution strategy. This could be bring us a better future. But if we follow someone all the time then just think if you fall in some trouble but he i is now not available to solve your problem then what will you do. When he available you are already in big loss. Is it Will be your journey? No, Not. Then what should i do? Simple, Learn to follow Your self, learn to fix problem, learn to find new problem then fix it. Try to discussed Everytime with expert to gain knowledge not to take suggestion where coin i should invest now, tell him to help you to understand graphs, technical analysis. How we have to deal with price chart? If you can learn from them, then you can be get a better future journey than a following someone's journey.

If you guys think i am right then comment something posetive. which will motivate me that someone get something from my knowledge. Or if you think i am wrong somehow then please suggest me how i can be in right road. Thank you

The way you stated here your opinion here, I found out that this might be your experienced via encountered by someone who really depend on others. However, not all people here in crypto space is like what you are thinking. Just like me, I had been here for a couple of years but I never depend my profit into others opinion here in the forum. Although, you are certainly right that learning is better than following.

maxreish

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There is nothing wrong if you follow some experts in trading or some bitcoin enthusiasts. I do following some of them since 2018 but I just do that not to rely on their predictions, but to learn and to compare my own technical analysis from them.

As time goes by, learning by ourselves is a great advantage as we should just stick with our own instinct and trust or own prediction when it comes to trading. However, it also be an advantage if we follow some good speculators because by reading how they came up with their TA, we actually learn something from them.

Mahanton

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Quote from: isaac_clarke22 on February 25, 2021, 01:14:55 PM

Quote from: Imran232 on February 19, 2021, 02:19:25 PM

~

For anyone looking for tldr
OP just wants to say that we should decide by ourselves.

@OP
Thing is other people are driven by celebrities. Do you remember the start of the hype again in dogecoin when Elon Musk just said that it will go to the moon? Many invested to Doge, I believe but I don't have the statistics.
But that shouldn't discourage you still to decide by your own instincts.

When it comes to hype and positive sentiment then it would really be depending on your if you do decide up to jump in with the hype or would wait for some time before
some reaction or shall we say some price action that you are waiting for.You can also learn while you do follow someone too but doesn't mean that you would
heavily relying into those events and would be completely forgotten even going with the basics of investing or trading.Always bare in mind that not all news or events
will give out significant impact.So its up to you on how you do deal with it.

BITCOIN4X

legendary

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The thread title has shown what people in the crypto world have to do to get something useful to anyone and that is experience. Yes, I agree that learning adds knowledge, and hands-on practice is how they gain experience. Learning is better than relying on other people's decision and I believe it is only by studying that you will become a successful person. Trading is an activity that involves money and must be carried out very carefully and in the right way. Many people share experiences in forums about potential asset analysis, their success in achieving target, and so on. I don't feel that if we did something similar as they did it would still be justified if it pays off. But depending on other people is not a way to show others that we are professional trader.

Analysis can still go wrong, we have to make our own decisions because they will never be responsible for everything that happen to other users.

isaac_clarke22

sr. member

Activity: 1596

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Quote from: Imran232 on February 19, 2021, 02:19:25 PM

~

For anyone looking for tldr
OP just wants to say that we should decide by ourselves.

@OP
Thing is other people are driven by celebrities. Do you remember the start of the hype again in dogecoin when Elon Musk just said that it will go to the moon? Many invested to Doge, I believe but I don't have the statistics.
But that shouldn't discourage you still to decide by your own instincts.

angrynerd88

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Activity: 910

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Hodlers Network

I totally agreed with you,Trusting or following others finally leads to loss,May be some get profit but it will be in short term.Learning and getting enough knowledge is profit for lifetime.It is true in learning process you will face the losses,anxiety,fear but if you will never giveup one day it will give fruitful results to you.Learning is basic for any field in crypto either trading,holding,staking or participating ICO projects,So first learn and then Earn.

Mpamaegbu

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Once a man, twice a child!

The honest truth is that even those who provide trading signals will always FIRST act on their own accounts before relaying that signal to subscribers, whether in opening a trade or in closing it. So, they always have that edge on those following them, whether it's a paid service or not. Another reason why it isn't advisable to follow calls from others is the psychology of the person making that call at the time. You may not know if the person offering the call has a sound mindset at the time or stressed out. Trading, for me, is a profession. It's like flying an aeroplane or becoming a medical doctor. You learn the art. Don't depend on others. You can take a peep into what they do and add to your learning process but don't solely rely on them.

jasonjm

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Quote from: Imran232 on February 19, 2021, 02:19:25 PM

Hello everyone, i hope you guys are really well and taking a handsome amout of profit from this huge bullish market. Today i will talk about something different. I think my this suggestion will help you alot for your future. Actually I think we can't make profit after a time in crypto. Why? Answer is simple because we are following someone blindly and also without learning. Just think if we depend someone to invest our money is it right? No, never. Well we can follow someone's to take suggestion, or gaining knowledge or problem solution strategy. This could be bring us a better future. But if we follow someone all the time then just think if you fall in some trouble but he i is now not available to solve your problem then what will you do. When he available you are already in big loss. Is it Will be your journey? No, Not. Then what should i do? Simple, Learn to follow Your self, learn to fix problem, learn to find new problem then fix it. Try to discussed Everytime with expert to gain knowledge not to take suggestion where coin i should invest now, tell him to help you to understand graphs, technical analysis. How we have to deal with price chart? If you can learn from them, then you can be get a better future journey than a following someone's journey.

If you guys think i am right then comment something posetive. which will motivate me that someone get something from my knowledge. Or if you think i am wrong somehow then please suggest me how i can be in right road. Thank you

Well it is always beneficial for you to learn few think before making any kind of investment because if you don't learn the chance of loss increases. Experts are there for giving you opinion and it depends on the person who is following to blindly invest or to do a back ground check on the coin you are investing in.

electronicash

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Quote from: Imran232 on February 19, 2021, 02:19:25 PM

Hello everyone, i hope you guys are really well and taking a handsome amout of profit from this huge bullish market. Today i will talk about something different. I think my this suggestion will help you alot for your future. Actually I think we can't make profit after a time in crypto. Why? Answer is simple because we are following someone blindly and also without learning. Just think if we depend someone to invest our money is it right? No, never. Well we can follow someone's to take suggestion, or gaining knowledge or problem solution strategy. This could be bring us a better future. But if we follow someone all the time then just think if you fall in some trouble but he i is now not available to solve your problem then what will you do. When he available you are already in big loss. Is it Will be your journey? No, Not. Then what should i do? Simple, Learn to follow Your self, learn to fix problem, learn to find new problem then fix it. Try to discussed Everytime with expert to gain knowledge not to take suggestion where coin i should invest now, tell him to help you to understand graphs, technical analysis. How we have to deal with price chart? If you can learn from them, then you can be get a better future journey than a following someone's journey.

If you guys think i am right then comment something posetive. which will motivate me that someone get something from my knowledge. Or if you think i am wrong somehow then please suggest me how i can be in right road. Thank you

felt like I'm reading a short spun article done by a simple bot. next time you put space and separate paragraphs but true i still can understand what you meant here.

the steps to learn from the beginning is just to follow what others are doing. once you are not satisfied with the earnings or the ones you copy are is tend to commit mistakes every time, you will try to find ways to trade thru your own analysis.

blckhawk

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Quote from: Imran232 on February 19, 2021, 02:19:25 PM

Hello everyone, i hope you guys are really well and taking a handsome amout of profit from this huge bullish market. Today i will talk about something different. I think my this suggestion will help you alot for your future. Actually I think we can't make profit after a time in crypto. Why? Answer is simple because we are following someone blindly and also without learning. Just think if we depend someone to invest our money is it right? No, never. Well we can follow someone's to take suggestion, or gaining knowledge or problem solution strategy. This could be bring us a better future. But if we follow someone all the time then just think if you fall in some trouble but he i is now not available to solve your problem then what will you do. When he available you are already in big loss. Is it Will be your journey? No, Not. Then what should i do? Simple, Learn to follow Your self, learn to fix problem, learn to find new problem then fix it. Try to discussed Everytime with expert to gain knowledge not to take suggestion where coin i should invest now, tell him to help you to understand graphs, technical analysis. How we have to deal with price chart? If you can learn from them, then you can be get a better future journey than a following someone's journey.

If you guys think i am right then comment something posetive. which will motivate me that someone get something from my knowledge. Or if you think i am wrong somehow then please suggest me how i can be in right road. Thank you

I'll definitely agree with you on this one. I know trading can be very hard to learn that is why we as for some help, tips, advice, and even signals which is a normal thing and there's nothing wrong with that. However, you can't rely upon them at any time cause there will be times that they were not here for us to help that is why you should learn on your own and don't wait for their signals or whatsoever. They always say make your own research, so what if you made a mistake it would serve as a lesson for us. If they can do trade then you would be able as well. You shouldn't rely on them much because you should create your own path, your adventure, it would be tough but it would be fun as well.

Willitivity

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Quote from: Imran232 on February 19, 2021, 02:19:25 PM

Hello everyone, i hope you guys are really well and taking a handsome amout of profit from this huge bullish market. Today i will talk about something different. I think my this suggestion will help you alot for your future. Actually I think we can't make profit after a time in crypto. Why? Answer is simple because we are following someone blindly and also without learning. Just think if we depend someone to invest our money is it right? No, never. Well we can follow someone's to take suggestion, or gaining knowledge or problem solution strategy. This could be bring us a better future. But if we follow someone all the time then just think if you fall in some trouble but he i is now not available to solve your problem then what will you do. When he available you are already in big loss. Is it Will be your journey? No, Not. Then what should i do? Simple, Learn to follow Your self, learn to fix problem, learn to find new problem then fix it. Try to discussed Everytime with expert to gain knowledge not to take suggestion where coin i should invest now, tell him to help you to understand graphs, technical analysis. How we have to deal with price chart? If you can learn from them, then you can be get a better future journey than a following someone's journey.

If you guys think i am right then comment something posetive. which will motivate me that someone get something from my knowledge. Or if you think i am wrong somehow then please suggest me how i can be in right road. Thank you

Following is not that bad, but when a trader stops trying to make trade decisions by themselves and always wait for their mentor or trading master to tell them when to buy and when not to, then that's where it's very bad, cause nothing last forever your trading teacher might become more busy at one point in time and he won't have the time to always tell you what coin to invest in etc, this is why learning is alot more better because when you learn you would be able to make your own trading strategy/decisions and if it doesn't go right atleast you will learn from your mistake, so many are scared of losing their money, that's why they only follow trade signals rather than trade or learn to trade on their own.

Sebas.tian

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Learning and following both are good in the areas of trading. Learning is better than following with this reasons here:
•Knowledge: through learning someone can be impact knowledge on how to trade in a good environment to make a income.
• Facilitators:You can know your facilitator through learning. Many facilitators are easily to locate through learning center, where many traders will be assembled for more information concerning Profit making.

Topic: Learning is better than Following - page 4. (Read 735 times)