Topic: not paying? You should unlearn then relearn - page 3. (Read 561 times)
If I know a profit making strategy then I would never reveal it to anyone no matter how much money we can make as a team because everyone wants to be better than others so team work is not really going to work in crypto trading that is just my personal opinion and experiences as well.
I agree that you need to learn more if you want to get what you want. Just like trading, trading requires patience and consistency in it. We know that observing the crypto market is not an easy thing, it takes perseverance and patience in it. The ups and downs of the crypto market make many people like traders feel a dilemma where they have to determine the right time to sell or buy coins in the market. It's true that it takes consistency to keep learning and learning in it, because experience is also very important. If we have experience then we can learn from that experience.
What people need to learn isn't this to be honest, for me it's much better if they learn how to maintain what makes money the most because if it ain't broke then don't fix it right? I think that's a more appropriate way to make it far, don't change what's working for you, try some experiments but don't stray to far from the original and if the experiment is fruitful then find a way to integrate that to your original plan.
right, we have to do experiments for ourselves to find something that suits us. maybe we will experience some failures, but at least we already have experience with it, so that in the future we will understand the right and comfortable strategy for ourselves personally, and that is what we will use later ~snip
right, we have to do experiments for ourselves to find something that suits us. maybe we will experience some failures, but at least we already have experience with it, so that in the future we will understand the right and comfortable strategy for ourselves personally, and that is what we will use later 
What people need to learn isn't this to be honest, for me it's much better if they learn how to maintain what makes money the most because if it ain't broke then don't fix it right? I think that's a more appropriate way to make it far, don't change what's working for you, try some experiments but don't stray to far from the original and if the experiment is fruitful then find a way to integrate that to your original plan.
right, we have to do experiments for ourselves to find something that suits us. maybe we will experience some failures, but at least we already have experience with it, so that in the future we will understand the right and comfortable strategy for ourselves personally, and that is what we will use later
What people need to learn isn't this to be honest, for me it's much better if they learn how to maintain what makes money the most because if it ain't broke then don't fix it right? I think that's a more appropriate way to make it far, don't change what's working for you, try some experiments but don't stray to far from the original and if the experiment is fruitful then find a way to integrate that to your original plan.
I got the phrase "unlearn And relearn" from a forum member and decided to do something nice with it. Most traders start with good and constant profits but along the line the start facing heavy losses most of them are good analyst but can't maintain a clean trade. This has made many give up on trading some see it as a game of chance mean while trading is a continuous process which requires consistent studying and practicing. If as a trader you can't maintain a good trade sheet go do some newer research unlearn the process and relearn
That's why trading is sometimes describe as gambling as well, because you are really playing a game of chance, specially if you trade with emotions. For those who have given up on trading, then it's obvious that this is not for them.
It takes humility to excel in trading it's not a game for the proud because your student can become your tutor in the near future and some one you once showed a technique might have a secret you would need for a better approach. In trading team work too pays pretty cool expecially for starters get a trading mate who would join in analysing the market with you before placing a trade it would go a long way in perfecting your trade over time and also make you a consistent profit maker.
I think in life, you won't succeed if you are very proud of your self. You should always be humble even if you have become successful in life. So trading is not an exception. Continuous learning is a must, learn from your mistakes and if by chance you hit the jackpot then stay low profile.
In every aspect of life, for every skill set, the statement of unlearning which i believe you mean "letting go of old knowledge or a way of doing things" and relearning which is "acquainting oneself with the modern approach" is applicable because the concept of knowledge is dynamic and ever changing. For one to think that he has gotten to the peak of knowledge and doesn't need to keep sharpening up his skill set is simply deluding themselves into a near failure or becoming old fashioned.
As a trader, you must not get too comfortable when a trading strategy is working for you, you must still make a conscious effort to ensure that your strategy is kept updated. Learning is through out life because as times and season's change so is the need for the existing knowledge.
Be humble enough to be a student throughout life.
As a trader, you must not get too comfortable when a trading strategy is working for you, you must still make a conscious effort to ensure that your strategy is kept updated. Learning is through out life because as times and season's change so is the need for the existing knowledge.
Be humble enough to be a student throughout life.
I agree with you OP but I don't think that unlearn and relearn is right, probably we have different perspective I think I'll just go with learn and learn unlearning and relearning might be just a waste of time I think trying to add more learnings will give you better understanding.
You may be right but what if you have feed yourself some incorrect data and learned some bogus techniques for trading? You must be ready to forget such things and that is what he means with unlearning, I think.Some users may lose big amount probably due to being greedy, wrong analysis or probably just really bad luck since the market is unpredictable but it's part of learning, not because you made a mistake doesn't mean you need to learn again. I think it's part of learning.
Now just consider this example, greed is a trait and one may learn as much they want about trading but unless they work on their greed and sort of unlearn it, they cannot succeed at trading. Learning new things is very easy but forgetting/unlearning the bad ones is even more important. Might be more time-consuming but is essential.
Too much of an analysis of how to face all the associated risks while doing trades.
For people to become better traders in the future, just build experience and hug those losses while taking it as a lesson.
Advice or suggestions from others will now just be a simple note once people were now used to trading. They just need to be serious and eager to learn as that's the recipe for having a good trading experience.
For people to become better traders in the future, just build experience and hug those losses while taking it as a lesson.
Advice or suggestions from others will now just be a simple note once people were now used to trading. They just need to be serious and eager to learn as that's the recipe for having a good trading experience.
It takes humility to excel in trading it's not a game for the proud because your student can become your tutor in the near future and some one you once showed a technique might have a secret you would need for a better approach. In trading team work too pays pretty cool expecially for starters get a trading mate who would join in analysing the market with you before placing a trade it would go a long way in perfecting your trade over time and also make you a consistent profit maker.
Yes you’re right, trading is not something that you can do on your own, things changes. It’s just like in other things we do in life, time comes when there are changes and the old techniques won’t work any longer, so you need to adapt to the changes and learn something new and stop relying on the old techniques all the time.This is very important. I don’t trade alone all the time, sometimes I’m with my friends and are always discussing about trading and also doing analysis, and when I’m wrong, there is every possibility that they will detect the wrong, and the same thing when they do it wrong. Two is better than one.
That's right, analyzing your own skills with the market and understanding the need for change is important and sometimes the only way to remain competitive in the market. There are people who would stick to their trading path despite the market evolving and they will eventually lack behind others. A sharp trader on the other hand will understand the changes he needs to make in his trading patterns and adapt to them quickly.
It's similar to playing a game, you may do well with the initial skills you have but as you move forward you need to make continuous and ritualistic improvements every day to remain competitive.
Unlearn is another important part of this process because unless you clean up your mind and get rid of the old tactics you were using, you cannot move forward.
It's similar to playing a game, you may do well with the initial skills you have but as you move forward you need to make continuous and ritualistic improvements every day to remain competitive.
Unlearn is another important part of this process because unless you clean up your mind and get rid of the old tactics you were using, you cannot move forward.
Most traders start with good and constant profits but along the line the start facing heavy losses most of them are good analyst but can't maintain a clean trade.
Trading was never supposed to let people experience a clean trade anw, ever imo. Trading is a constant experience of losses and wins, and it's up to the trader himself to not maximize the wins, nor always win, but to minimize the losses. Unlearn isn't really a term I'd use, relearn maybe. Take your losses and learn from them. Losing is always a way to say that you still have room to improve, that you can still be better. Though in this case since it's trading, there's always room for improvement since the market is always ever changing. I think the "don't use the money you can't afford to lose" advice is also good for traders. Using a lot of money is one of the reasons why they got anxious pretty quickly, in addition to not using stop-loss or has trading discipline. If you know the money that you can use, risk management can be easier. After that, learning discipline is the next thing to do.
Using that phrase, it looks like someone is going to gamble and not going to trade. It's true that trading take some time to master and earn a decent amount of profit. It's important to learn how to control yourself during extreme circumstances because once you lose control you will most likely going to sell it all away. In short you have to familiarize, risk management, self control, stop-loss, and buy low sell high.And for OP, I don't know what's that unlearn and relearn since you already experience it how could you unlearn it? It looks like you are referring to the computer on how they reformat in order to clean itself or something like that.
I got the phrase "unlearn And relearn" from a forum member and decided to do something nice with it. Most traders start with good and constant profits but along the line the start facing heavy losses most of them are good analyst but can't maintain a clean trade. This has made many give up on trading some see it as a game of chance mean while trading is a continuous process which requires consistent studying and practicing. If as a trader you can't maintain a good trade sheet go do some newer research unlearn the process and relearn
It takes humility to excel in trading it's not a game for the proud because your student can become your tutor in the near future and some one you once showed a technique might have a secret you would need for a better approach. In trading team work too pays pretty cool expecially for starters get a trading mate who would join in analysing the market with you before placing a trade it would go a long way in perfecting your trade over time and also make you a consistent profit maker.
The context of the word "unlearn" and "relearn" is full of so many meanings which it is difficult to comprehend it expressions. Trading is a very difficult tasks which need renewing in order to get aquainted to maintain a stable ground. The market is always changing forms and patterns making what works before not to work again without the knowledge of the market participants. This in the long run increases the risk level that is needed to be taken in entering the market. Newbies are always victims of this most times without knowing the reasons behind their misfortune/problems after so many repeated struggles to gain from the market treasure.It takes humility to excel in trading it's not a game for the proud because your student can become your tutor in the near future and some one you once showed a technique might have a secret you would need for a better approach. In trading team work too pays pretty cool expecially for starters get a trading mate who would join in analysing the market with you before placing a trade it would go a long way in perfecting your trade over time and also make you a consistent profit maker.
As a trader and investor, it is necessary to unlearn and relearn one's strategy that is used to determine the future market reaction. Unlearn is like looking for errors in one's trading patterns and trying to fix as fast as possible rather than just waiting and relaxing to when a strategy fails to work before doing the necessary back testing that could indicate and solve the problem.
I think the "don't use the money you can't afford to lose" advice is also good for traders. Using a lot of money is one of the reasons why they got anxious pretty quickly, in addition to not using stop-loss or has trading discipline. If you know the money that you can use, risk management can be easier. After that, learning discipline is the next thing to do.
This is true, it’s easy to use the money you’re willing to lose than using your lifetime savings, because your approach will be different if the purpose of that money is only for your trading activities. Mistakes serve as a lesson, so don’t be afraid to lose money because that is normal in trading, you just have to find your on rhythm in trading and you’ll be goo, learning should be the top priority.I dont really believe on that unlearn then relearn? Its better to have experience-learn-repeat instead. Try to be sustainable as best as you can and that what matters here
not only talking about trading but in other investment as well.Its just impossible to have that perfect or no losing money investment because once you do step your foot
with this venture then expect those losses and failures but doesnt mean that you would stop mid way.
I got the phrase "unlearn And relearn" from a forum member and decided to do something nice with it. Most traders start with good and constant profits but along the line the start facing heavy losses most of them are good analyst but can't maintain a clean trade. This has made many give up on trading some see it as a game of chance mean while trading is a continuous process which requires consistent studying and practicing. If as a trader you can't maintain a good trade sheet go do some newer research unlearn the process and relearn
It takes humility to excel in trading it's not a game for the proud because your student can become your tutor in the near future and some one you once showed a technique might have a secret you would need for a better approach. In trading team work too pays pretty cool expecially for starters get a trading mate who would join in analysing the market with you before placing a trade it would go a long way in perfecting your trade over time and also make you a consistent profit maker.
I think that most traders have this one problem, where they learn a new strategy for trading they try it out , it proves to be a success for a couple of times and they get profit from it, but then it starts going downhill and they start losing yet they still think that the same strategy will work, so people should consider learning from their mistakes and just like you said they need to unlearn and relearn new ways and new strategies if they want to make profit in the long run. It takes humility to excel in trading it's not a game for the proud because your student can become your tutor in the near future and some one you once showed a technique might have a secret you would need for a better approach. In trading team work too pays pretty cool expecially for starters get a trading mate who would join in analysing the market with you before placing a trade it would go a long way in perfecting your trade over time and also make you a consistent profit maker.
I got the phrase "unlearn And relearn" from a forum member and decided to do something nice with it. Most traders start with good and constant profits but along the line the start facing heavy losses most of them are good analyst but can't maintain a clean trade. This has made many give up on trading some see it as a game of chance mean while trading is a continuous process which requires consistent studying and practicing. If as a trader you can't maintain a good trade sheet go do some newer research unlearn the process and relearn
It takes humility to excel in trading it's not a game for the proud because your student can become your tutor in the near future and some one you once showed a technique might have a secret you would need for a better approach. In trading team work too pays pretty cool expecially for starters get a trading mate who would join in analysing the market with you before placing a trade it would go a long way in perfecting your trade over time and also make you a consistent profit maker.
This is one of the main reasons why some traders never become successful, they create a strategy but they do not take the time to actually see if it works by back-testing it so they begin to trade without having a clear idea if this is the case, then when they begin to take some losses, something that happens to everyone even those that have a winning strategy, they lose control and as a result get even bigger losses.It takes humility to excel in trading it's not a game for the proud because your student can become your tutor in the near future and some one you once showed a technique might have a secret you would need for a better approach. In trading team work too pays pretty cool expecially for starters get a trading mate who would join in analysing the market with you before placing a trade it would go a long way in perfecting your trade over time and also make you a consistent profit maker.
The correct thing to do at that point is to go back to the drawing board and see if you are doing something wrong, maybe you are not following your strategy exactly as you want, maybe you are incapable of doing so as the strategy is too aggressive or too passive or maybe you do not even know enough about the strategy and you need to backtest it, however what is important is that whatever strategy you are using needs to be reevaluated after some time has passed as there is always the possibility that you could improve upon it and earn more money with it.
In trading team work too pays pretty cool expecially for starters get a trading mate who would join in analysing the market with you before placing a trade it would go a long way in perfecting your trade over time and also make you a consistent profit maker.
Yes in the training and as a newbie, you may need that but you keeping staying that way and get spooned, you won't grow in the business of trading. In trading, you need to learn and start building your own strategy to believe in because everyone see the market from there own eyes and would analyse it from that angle. Also the strategy may not be the same and you may be having conflicting views, emotions and analysis , that is possible to change someone's view in a winning trade. Building and learning processes are different from the real business of trading and most times is better to be independent.
I agree with you OP but I don't think that unlearn and relearn is right, probably we have different perspective I think I'll just go with learn and learn unlearning and relearning might be just a waste of time I think trying to add more learnings will give you better understanding.
Some users may lose big amount probably due to being greedy, wrong analysis or probably just really bad luck since the market is unpredictable but it's part of learning, not because you made a mistake doesn't mean you need to learn again. I think it's part of learning.
Some users may lose big amount probably due to being greedy, wrong analysis or probably just really bad luck since the market is unpredictable but it's part of learning, not because you made a mistake doesn't mean you need to learn again. I think it's part of learning.
Jump to: