Author

Topic: not paying? You should unlearn then relearn (Read 561 times)

hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
August 24, 2021, 12:45:59 PM
#64
People want a constant profit when trading and then they feel euphoric, once the loss begins, then panic turns on like the comedown after the euphoria. Also, it's not that easy to unlearn what you have already learned, it's like, you know, the first impression is the last impression, so, if you learn bad at first, then it becomes very hard to fix that and "unlearn". I think you have to catch that moment when instead of learn, you understand by logical thinking and if you find something wrong, then it becomes easy to unlearn the past thing and comfortably move on a new one.
You touch an interesting topic, once a person learns something and that something they learned is wrong it is going to be very difficult for them to get rid of that knowledge, this is why it is so important that we watch very carefully what are we learning.

Many people learn how to trade or invest from YouTube videos that do not really want to teach you how to trade but instead want to get clicks and sell you something, so many newbie traders do not learn good habits when they trade and once they realize what they need it is too late and they have lost most of their capital already.
hero member
Activity: 2982
Merit: 610
"Unlearn and relearn" seems pretty simple/easy to say, but in reality its actually difficult to start learning what you have already learnt in the past, during green days you don't actually have to know much about trading to make profit, cause literally every coin on the market is pumping by then, so you just have to buy and take profit when the coins pumps, during the bearish season that's when you will see the real traders who still earn from trading, but sorry to ask how can someone unlearn what he/she has already learnt? There's nothing to relearn except he/she didn't pay attention and learn it well the first time.
It is somehow was hard if we don't mind losing but as we know that this will help us to achieve what we dream about, we have to push ourselves into it. Something it needs some sort of dedication to make it possible.

Learning could not be instant, it was a step-by-step process, and the more we spend on it, the easier it is to find solutions to our existing problems. But if we are in the rush, the more creates problems and uncertainty. We simply don't want these things to happen to us and so we need to correct this before it becomes worse.
legendary
Activity: 2296
Merit: 2721
-snip-
during green days you don't actually have to know much about trading to make profit, cause literally every coin on the market is pumping by then, so you just have to buy and take profit when the coins pumps
-snip-
Exactly. A friend of mine sent me the following picture at some point in time during the 2017/2018 bull run:


Source

This fits perfectly well in my opinion, foremost the last picture. We shouldn't read too much into our "skill" when we take profits during a bull run. In fact, it's like you say: you make huge profits with almost every (shit) coin.
sr. member
Activity: 966
Merit: 421
Bitcoindata.science
"Unlearn and relearn" seems pretty simple/easy to say, but in reality its actually difficult to start learning what you have already learnt in the past, during green days you don't actually have to know much about trading to make profit, cause literally every coin on the market is pumping by then, so you just have to buy and take profit when the coins pumps, during the bearish season that's when you will see the real traders who still earn from trading, but sorry to ask how can someone unlearn what he/she has already learnt? There's nothing to relearn except he/she didn't pay attention and learn it well the first time.
It's really not easy to unlearn a process one has held on to for long but with the hunger to make profit and strong determination for a clean trade it can be achieved. Trading is strictly for diciplined persons diciplined in the sense that some knowledge that gave profit in the past might be due to consistent bullish trend and once the trade starts retracement and correction you find out it was just a lucky adventure the trader engaged into. Learning is constant for traders
full member
Activity: 1190
Merit: 123
★Bitvest.io★ Play Plinko or Invest!
"Unlearn and relearn" seems pretty simple/easy to say, but in reality its actually difficult to start learning what you have already learnt in the past, during green days you don't actually have to know much about trading to make profit, cause literally every coin on the market is pumping by then, so you just have to buy and take profit when the coins pumps, during the bearish season that's when you will see the real traders who still earn from trading, but sorry to ask how can someone unlearn what he/she has already learnt? There's nothing to relearn except he/she didn't pay attention and learn it well the first time.
hero member
Activity: 1498
Merit: 711
Enjoy 500% bonus + 70 FS
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.
Really their is no perfection or specialist in trading, just get the concept that trading is like gambling and it does not require special knowledge, so this scenario of yours via impacting of knowledge of a perfect trader to another or a student been creative than the master is just imagination from my perspective, because both novice trader can as well make an essential profit than the master in trading, so that doesn't mean that he has acquired perfect knowledge than the master, "to be frank or to honest i really dispute or disregard such point" because i understood that trading is a luck not base on education, because those that taught they are perfect always lose large amount of capital's during trading.
full member
Activity: 826
Merit: 100
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.
Well this I agree , why people can get anxious in trading . It turns out that the fact is that many traders use a lot of money and it is not theirs or borrowed money. This is one of the initial failures in my opinion. So even a little if it is private money is better than a lot of borrowed money.
it can be a mental burden for a trader's psychology. it is different if the mentality of a businessman, even though the capital used comes from a loan, but because their mentality is already formed, this will not affect them. and I think this belongs to the speculators
sr. member
Activity: 1218
Merit: 254
Trphy.io
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.
Well this I agree , why people can get anxious in trading . It turns out that the fact is that many traders use a lot of money and it is not theirs or borrowed money. This is one of the initial failures in my opinion. So even a little if it is private money is better than a lot of borrowed money.
hero member
Activity: 2954
Merit: 672
Message @Hhampuz if you are looking for a CM!
Or better yet,  don't rely on one method of trading, if method is nit given you profit or making you lose money instead of gaining,  it is better to discard that method and find something new, there are many trading tips on Youtube to learn from until you find what works for you, you can even combine and see how it plays out, some people have put years in practicing trading before they become good at it, for anyone to be successful in trading, they must put a lot of effort.
This is only true for those that have great skills when it comes to trading, after all the majority of traders out there do not even have one winning strategy so it is too much to ask for them to develop several and be incredibly flexible in the way they trade.

However an interesting thing I noticed is that once you develop a successful strategy then you are going to be able to develop several of them and then you can decide to use not only the one that gives you the most profits but also the one that fits you as a trader the best.
it really needs to changes as we are adopting the market trend. Having multiple strategies could help it as possible that some strategies might not work or it is not applicable. Thus, if we keep on learning that enhances our knowledge and skill, and as a result of this, it gives positive outcomes.

As a trader, we need to be flexible and we never have to be contented of what we have learned today. As we are aiming to become better and successful, then that will be going to do ourselves.
hero member
Activity: 2352
Merit: 905
Metawin.com - Truly the best casino ever
People want a constant profit when trading and then they feel euphoric, once the loss begins, then panic turns on like the comedown after the euphoria. Also, it's not that easy to unlearn what you have already learned, it's like, you know, the first impression is the last impression, so, if you learn bad at first, then it becomes very hard to fix that and "unlearn". I think you have to catch that moment when instead of learn, you understand by logical thinking and if you find something wrong, then it becomes easy to unlearn the past thing and comfortably move on a new one.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
Or better yet,  don't rely on one method of trading, if method is nit given you profit or making you lose money instead of gaining,  it is better to discard that method and find something new, there are many trading tips on Youtube to learn from until you find what works for you, you can even combine and see how it plays out, some people have put years in practicing trading before they become good at it, for anyone to be successful in trading, they must put a lot of effort.
This is only true for those that have great skills when it comes to trading, after all the majority of traders out there do not even have one winning strategy so it is too much to ask for them to develop several and be incredibly flexible in the way they trade.

However an interesting thing I noticed is that once you develop a successful strategy then you are going to be able to develop several of them and then you can decide to use not only the one that gives you the most profits but also the one that fits you as a trader the best.
member
Activity: 252
Merit: 11
It depends upon the person that how much he has the ability to lose, because in trading risk management is very important as well as you have to be much consistent in order to get profit and then you should learn about the coins and trading strategies that which strategy would be better for you to get rid of loss.
member
Activity: 633
Merit: 10
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
from mistakes and failures we could be better investors, try and error will be very effective methode to get money in any field. strategy will easily build based on our experience facing this mistakes. alot expert come from noob as long as they have spirit to learn and improve their skill that needed in market.
hero member
Activity: 2478
Merit: 695
SecureShift.io | Crypto-Exchange
Or better yet,  don't rely on one method of trading, if method is nit given you profit or making you lose money instead of gaining,  it is better to discard that method and find something new, there are many trading tips on Youtube to learn from until you find what works for you, you can even combine and see how it plays out, some people have put years in practicing trading before they become good at it, for anyone to be successful in trading, they must put a lot of effort.
Be versatile and dont be just having that kind of close minded where you do only stick on what you had known.Trading is a continuous learning and it would be involving lots of trials and error.
Its not really that something that you do need to unlearn but rather learn on what you had actually experienced or able to commit.Mistakes are inevitable and if you do have that kind of personality
on where you do easily give up then thats an another story. Continue to learn and make progress for yourself because you wont really be successful if you do just limit out
on something which you can even more do on what you are doing currently.

I would believe that with your rank you have the capability to understand my post because as far as am concerned i don't see any statement in my post that indicate am close minded, infact i even made mentioned of learning different methods on youtube to gain more experience and develop one owns trick, (a close minded person will not be willing to learn different methods or tricks from youtube or any other source for your information)
so i sincerely don't understand or share your opinion on my post as close minded, you sound like someone who jump into making a post without given what was written a thought. Please look up the meaning of close minded and make a comparison with my post.
sr. member
Activity: 1610
Merit: 264
~
People in other social media tend to say that trading would give you a lot in a day. Back when I learn day trading, there were many overhyped videos that tend to say that you would get more than 1 BTC in a day just by watching this video.
Because of those videos in Youtube, newbies tend to straight hop into day trading thinking that they will get rich really quick in that kind of strategy.
member
Activity: 798
Merit: 34
Things people don't know about trading. You can start trading and makie earning, but as time goes on things change. Sometimes market strategy don't remain the same like the way you started. Some people think it is always the same , that's why when they start losing it become surprise to them
legendary
Activity: 3094
Merit: 1127
Or better yet,  don't rely on one method of trading, if method is nit given you profit or making you lose money instead of gaining,  it is better to discard that method and find something new, there are many trading tips on Youtube to learn from until you find what works for you, you can even combine and see how it plays out, some people have put years in practicing trading before they become good at it, for anyone to be successful in trading, they must put a lot of effort.
Be versatile and dont be just having that kind of close minded where you do only stick on what you had known.Trading is a continuous learning and it would be involving lots of trials and error.
Its not really that something that you do need to unlearn but rather learn on what you had actually experienced or able to commit.Mistakes are inevitable and if you do have that kind of personality
on where you do easily give up then thats an another story. Continue to learn and make progress for yourself because you wont really be successful if you do just limit out
on something which you can even more do on what you are doing currently.
hero member
Activity: 2478
Merit: 695
SecureShift.io | Crypto-Exchange
Or better yet,  don't rely on one method of trading, if method is nit given you profit or making you lose money instead of gaining,  it is better to discard that method and find something new, there are many trading tips on Youtube to learn from until you find what works for you, you can even combine and see how it plays out, some people have put years in practicing trading before they become good at it, for anyone to be successful in trading, they must put a lot of effort.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
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.
While it is true that experience is an invaluable tool and unfortunately it is something that can only be learned by performing real trades and winning and losing some of them, knowledge is also critical for your success.

Not everything can be learned from your own experiences not only because this is difficult to do but unlike many other activities you need money in the markets to learn, so it is better that you learn all what you can outside the markets and you only learn on them those lessons which cannot be learned in any other way.

It's true that in order to gain experience we sometimes have to do real trades, to be able to realize the mistakes we made. But before doing
real trades knowledge is needed, therefore never stop learning about trading. Even some of the successful traders that I know, never stop
learning. By learning a lot, we can actually minimize the occurrence of trading mistakes. Then we also will not be enough to just learn from
our own trading experience, we should also learn the trading experience of others. This can complement the knowledge we have, because
maybe what other people have experienced, we have not experienced it.
Exactly, there is no doubt that there is a lot of value in learning from your own mistakes and that the lessons that you learn while doing that are the ones that you're probably never going to forget, but we cannot really afford to lose so many times in a market that is so volatile because a newbie is only going to be able to learn a few lessons and then lose the rest of their capital, and probably by that time they are going to be so disappointed in the markets that they are going to refuse to come back to it.

This is why it is better to learn all what you can before you use a single cent in this market and only learn from your experience things that you cannot really learn by just reading a few books.
hero member
Activity: 2282
Merit: 659
Looking for gigs
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.

In other words, emptying our cup. Or I can say the process is like the four pillars “Decide. Take Action. Assess. Adjust”.

It applies in all aspects of life, especially trading. Always learn from our mistakes in trading, because even the so-called “pros” and “experts” are not exempted from making mistakes as well because the market is unpredictable.
jr. member
Activity: 111
Merit: 1
I don't even think it might be right according to my opinion because learning comes first we should learn in trading from our mistakes that at which point we are strong we at which point we had made the mistake. Probable for trading learning is very important in all aspects.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino

It's true that in order to gain experience we sometimes have to do real trades, to be able to realize the mistakes we made. But before doing
real trades knowledge is needed, therefore never stop learning about trading. Even some of the successful traders that I know, never stop
learning. By learning a lot, we can actually minimize the occurrence of trading mistakes. Then we also will not be enough to just learn from
our own trading experience, we should also learn the trading experience of others. This can complement the knowledge we have, because
maybe what other people have experienced, we have not experienced it.
That actually it is needed to continue to learn even though we already have because strategies will probably be going to upgrade and so our knowledge is needed as well. Like how successful businessmen, they keep on reading and acquiring knowledge as it was the tool to keep their level on the top.
With more experience, more readings, we are making ourselves to be prepared more for the future and we able to replace obsolete ideas.

With the trend of the crypto market constantly changing, we must learn how to build more effective strategies, it means we really have to continue
to upgrade the strategy we use trading. In order to still be able to generate profits in any situation, people who stop learning opportunities to
experience losses will widen open. So don't be lazy to learn, the more knowledge we have, it will provide convenience when trading.
Unfortunately a lot of traders use and dump many strategies once they started losing they wouldn't want to enquire what was the main reasons and cause of  incurring those losses I had a trading strategy I got from forexfactory I had stick to it practicing and twicking it for effectiveness, learning from any loss that I incurred reasons for the losses and how I will try to avoid such loss in the future though there is no holy grail strategy however with a working strategy and effective money management the bottom-line is to continue to learn and acquire more to be able to an edge over the market and obviously there are tons of resources online that can aid any trader towards becoming a successful trader if only such a trader is ready to summon courage and be self motivated to learn.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
In the vast world of trading wherein anything can happen right in front of you, there is a higher chance of obtaining losses than gains and there is no such assurance of a stable good trade specially we are dealing with a highly volatile market. Now, if you are thinking about quitting because of the reason that you are having a hard time dealing with trading, maybe it is not really meant for you. But if you are really eager, then you must know the risks associated on this kind of work and must see to it that there is not a standard strategy on making up with this volatile market. Most of the time you need to neglect on what you currently know and explore greater things down to higher possibilities to learn new things that can be useful in your trading.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
With the trend of the crypto market constantly changing, we must learn how to build more effective strategies, it means we really have to continue
to upgrade the strategy we use trading. In order to still be able to generate profits in any situation, people who stop learning opportunities to
experience losses will widen open. So don't be lazy to learn, the more knowledge we have, it will provide convenience when trading.
If we do not have many strategies, we will not have a chance to survive in the crypto market instead will lose the money because we do not know when to buy and sell. Learning more and more will help you analyze the market so you will have up-to-date news about the crypto market and know what to decide later. The trend in the crypto market always change but if we can follow the change, we do not have to worry because we will know how to anticipate.
sr. member
Activity: 1666
Merit: 268

It's true that in order to gain experience we sometimes have to do real trades, to be able to realize the mistakes we made. But before doing
real trades knowledge is needed, therefore never stop learning about trading. Even some of the successful traders that I know, never stop
learning. By learning a lot, we can actually minimize the occurrence of trading mistakes. Then we also will not be enough to just learn from
our own trading experience, we should also learn the trading experience of others. This can complement the knowledge we have, because
maybe what other people have experienced, we have not experienced it.
That actually it is needed to continue to learn even though we already have because strategies will probably be going to upgrade and so our knowledge is needed as well. Like how successful businessmen, they keep on reading and acquiring knowledge as it was the tool to keep their level on the top.
With more experience, more readings, we are making ourselves to be prepared more for the future and we able to replace obsolete ideas.

With the trend of the crypto market constantly changing, we must learn how to build more effective strategies, it means we really have to continue
to upgrade the strategy we use trading. In order to still be able to generate profits in any situation, people who stop learning opportunities to
experience losses will widen open. So don't be lazy to learn, the more knowledge we have, it will provide convenience when trading.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
The reason why you should unlearn and relearn is that what works for you now is something that could work for someone else, and eventually a strategy that works for everyone means that there is no unlimited amount of money in the world and hence why it will stop working eventually.

This is why you should always end up with changing your strategy and looking for a new one that will work, because one strategy will not make you profit forever, it is just impossible since more and more people will realize it and use it and breaking the strategy making it not work anymore. So you do not have to unlearn anything, just realize that what worked so far will not work eventually and retry that with some other method, keep finding new strategies all the time, even while making a profit with one strategy, keep testing others as well so that you could be the first.
hero member
Activity: 2940
Merit: 613
Winding down.
Or change the way you understand the process or tools. If you fail and lose because of those technical analysis you used, relearning is a good way to make a good trading.
This is not an option but was a must if we wanted to see good results after badly suffering losses.

Quote
Another one is the trading mismanagement, there is what you called "trading plan", the moment you learned something from your past mistakes, the more you have to change your trading management plan. There are times the usual tools, usual way of strategy aren't working anymore that you need to revise to become effective in trading again
Plan A, B, and C...we have to find out which one of them works so well and mean to see the positive results. But all of them don't work so well, I think we need to give up and find another place where we become productive. Since we all know that trading isn't for everyone, it is very important to know our capabilities and we don't need to force ourselves and stop overthinking that it all be fine later.
sr. member
Activity: 1330
Merit: 326
Or change the way you understand the process or tools. If you fail and lose because of those technical analysis you used, relearning is a good way to make a good trading.
 
 Another one is the trading mismanagement, there is what you called "trading plan", the moment you learned something from your past mistakes, the more you have to change your trading management plan. There are times the usual tools, usual way of strategy aren't working anymore that you need to revise to become effective in trading again
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small

It's true that in order to gain experience we sometimes have to do real trades, to be able to realize the mistakes we made. But before doing
real trades knowledge is needed, therefore never stop learning about trading. Even some of the successful traders that I know, never stop
learning. By learning a lot, we can actually minimize the occurrence of trading mistakes. Then we also will not be enough to just learn from
our own trading experience, we should also learn the trading experience of others. This can complement the knowledge we have, because
maybe what other people have experienced, we have not experienced it.
That actually it is needed to continue to learn even though we already have because strategies will probably be going to upgrade and so our knowledge is needed as well. Like how successful businessmen, they keep on reading and acquiring knowledge as it was the tool to keep their level on the top.
With more experience, more readings, we are making ourselves to be prepared more for the future and we able to replace obsolete ideas.
sr. member
Activity: 1666
Merit: 268
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.
While it is true that experience is an invaluable tool and unfortunately it is something that can only be learned by performing real trades and winning and losing some of them, knowledge is also critical for your success.

Not everything can be learned from your own experiences not only because this is difficult to do but unlike many other activities you need money in the markets to learn, so it is better that you learn all what you can outside the markets and you only learn on them those lessons which cannot be learned in any other way.

It's true that in order to gain experience we sometimes have to do real trades, to be able to realize the mistakes we made. But before doing
real trades knowledge is needed, therefore never stop learning about trading. Even some of the successful traders that I know, never stop
learning. By learning a lot, we can actually minimize the occurrence of trading mistakes. Then we also will not be enough to just learn from
our own trading experience, we should also learn the trading experience of others. This can complement the knowledge we have, because
maybe what other people have experienced, we have not experienced it.
sr. member
Activity: 2422
Merit: 357
Yeah I like this strategy because a refresher course is indeed needed when we are trading since long time. Things are impacting in wrong way when you become monotonous about your ways. Either we go wrong with the techniques because we had learn it before based on the data available at that time. However, over the period data is changing very fast, so as to we need to change the learning’s alongside too. The practice makes us perfect and that’s not an issue but getting stuck with single learning can be dangerous over the time. So yeah I’m gonna say it’s positive way to approach ourselves with trade learning’s.
Continues learning is great in trading despite of knowing already how it works because every cycle have their own timeline and maybe what works today will not work tomorrow so better to keep learning.

In trading we also learn from our mistakes especially if you lose much money on that mistakes and that is the time for you to double your effort on learning things and do the trading properly. This is a good approach if you want to address your mistakes and become more consistent in trading, but if you are giving up already then trading is not for you.
member
Activity: 868
Merit: 12
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.

Sorry about this but I would like to tell a short story regarding this plot.

It goes like this, I'm a lover of golf game and I happen to be someone who enjoys betting while exercising myself through a round of golf. I used to be a better not actually the best but one of the best in my category and I win most time. At a point in time, I lot control of everything and kept losing until few months back that my coach/Pro saw me and said something like "you need to unlearn first then relearn" . Just act like you're a novice in this game and without hesitation I heed to his advice and my game came back on, even stronger at this time.

At that point of him telling me, I was skeptical at first but I knew I was doing lot of things the wrong way, or let me just say some things just aren't working the proper way it suppose or used to be anymore.

So I intend to try everything in my power by conducting many researches and applying the same strategy to my trades and  to say the least it's all been fine ever since despite the bear market. Because through my "relearn" I was able to learn great new skills and techniques and understand a bit better about how the market moves as I'm still learning.

To cut to the chase, I'm a student always!
hero member
Activity: 2730
Merit: 632
It's hard to find someone that shares an interest as you just like in trading. You may find someone that you will learn together but you're unsure how long you shall be with them. Because not all of the time they'll be with you but as long as both of you shares knowledge that are helpful to your trading and you gain some idea from it, that's the best feeling when you're with someone who's not selfish with the experiences and strategies that he has shared throughout his entire trading career.
You can really follow up someone but doesnt mean that every strategy you would make use together will really be both effective and this is where self learning and realizations
do matter and about that unlearn and relearn? There's no such thing about coming back because once you do experience it then the only way you could do is to learn
up in case you do experience losses or failures because we know that once we do experienced things then those would really be put up in mind forever.
The only path you could take is to progress and enhance more.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
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.
While it is true that experience is an invaluable tool and unfortunately it is something that can only be learned by performing real trades and winning and losing some of them, knowledge is also critical for your success.

Not everything can be learned from your own experiences not only because this is difficult to do but unlike many other activities you need money in the markets to learn, so it is better that you learn all what you can outside the markets and you only learn on them those lessons which cannot be learned in any other way.
hero member
Activity: 2212
Merit: 805
Top Crypto Casino
~Snipped

For someone who has been in the crypto trading and investing scene over the years, I've come to learn that crypto markets are constantly evolving and changing and to make profits off this market, you have to continously learn, practice and adapt. You don't need to necessarily unlearn what you've already learnt. If a strategy isn't working, the best bet would be to opt for something else that works. The goal is to constantly learn and go with the trend.

For instance, in the last bull run, only ICOs projects got the biggest cake of the bull run. Today, its Defi and NFTs. To profit in this bull run, you've to start trading assets like this since they've the biggest potential to pull the most profits. This is just an instance. There's so much more to this.
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
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.

Hope the unlearning and relearning doesn't have to do with the same strategy, like if a trader did have a particular strategy that he/she was using but now isn't favoring him again then it's understandable to advice them unlearning that strategy but they don't have to relearn it if not they might end up making same mistakes twice. The best thing it to pick up interest in another strategy, they have to continue doing so until they find that particular one that best works for them.

Traders of this days easily get attached which is a wrong way to go about trading. Traders should be easily adoptable. The market is constantly changing and been able to adopt to this change is very vital. We have many tools that can be used to learn or perfect your trading strategy.
hero member
Activity: 2114
Merit: 603
Yeah I like this strategy because a refresher course is indeed needed when we are trading since long time. Things are impacting in wrong way when you become monotonous about your ways. Either we go wrong with the techniques because we had learn it before based on the data available at that time. However, over the period data is changing very fast, so as to we need to change the learning’s alongside too. The practice makes us perfect and that’s not an issue but getting stuck with single learning can be dangerous over the time. So yeah I’m gonna say it’s positive way to approach ourselves with trade learning’s.
hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
It's hard to find someone that shares an interest as you just like in trading. You may find someone that you will learn together but you're unsure how long you shall be with them. Because not all of the time they'll be with you but as long as both of you shares knowledge that are helpful to your trading and you gain some idea from it, that's the best feeling when you're with someone who's not selfish with the experiences and strategies that he has shared throughout his entire trading career.
full member
Activity: 1946
Merit: 112
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.

Of course you are right and this strategy can probably improve the trading situation, but you need to understand that the market situation is constantly changing and in order to have a constant income from trading, you need to constantly adapt to changes in the market. Some traders believe that they already have experience and use it without resorting to changing their strategy, which ultimately leads to a loss of funds. so you really need to be able to retrain in time, which will definitely have a positive effect on your trading.
sr. member
Activity: 2016
Merit: 283
Learning is the best tools when it comes trading especially when market is volatile because of some factors,  that's why if you rely on what you learned only from the start of your career in trading, sometimes you face some problems and experience losses while trading. So its highly recommended for all traders to relearn because market situation isn't always the same, in fact some professional traders making new strategies everytime just to avoid such problems. So you need to keep updated as well if you really want to protect your money, wherein i suggest never give up learning because its the only way to become successful in trading.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
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.
member
Activity: 630
Merit: 10
rocket.hashbon.com
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.
full member
Activity: 2170
Merit: 182
“FRX: Ferocious Alpha”
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
Experiment if you have funds to risk and lose but if you are only saving for your daily living then experimenting is not that advisable instead you will need to find which coin is right and what strategy is necessary .
sr. member
Activity: 1274
Merit: 293
~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
To reduce the risk of losing money, you might also want to do those trading experiments on paper trading sites so you don't have any money going in and out and you can do the most outrageous mistakes without the worry of having any money lost. But our experiments could only work at a certain point in time and maybe not in the future since the market is volatile so be careful still analyze the market even if there's similarities to your previous experiments.
full member
Activity: 1526
Merit: 111
Pepemo.vip
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
sr. member
Activity: 1274
Merit: 293
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.
legendary
Activity: 3080
Merit: 1353
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.
legendary
Activity: 1456
Merit: 1108
Top-tier crypto casino and sportsbook
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.
hero member
Activity: 2562
Merit: 586
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.
legendary
Activity: 2940
Merit: 1083
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.
legendary
Activity: 2338
Merit: 1124
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.
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
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.
hero member
Activity: 2702
Merit: 672
I don't request loans~
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.
sr. member
Activity: 2506
Merit: 368
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.
sr. member
Activity: 897
Merit: 284
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.

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.
hero member
Activity: 3010
Merit: 794
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.
You should really think that this would really be involving lots of trial and error since you are dealing with trading and this is a never ending loop because learning is a continuous process.

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.
sr. member
Activity: 1400
Merit: 283
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.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
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.

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.
sr. member
Activity: 2366
Merit: 332
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.
full member
Activity: 966
Merit: 102
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.
legendary
Activity: 2170
Merit: 1789
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.
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
"unlearn And relearn"

The theory sounds good. But the reality is uglier.
Many who did trading when the trend was mostly up were on profit without actual knowledge. They thought they're trading, but it was closer to gambling.
All those have nothing to unlearn, because they didn't actually know anything. (It may sound harsh, sorry.)

Instead anybody who would like to trade should learn. A lot. From TA and stop loss to "reading" the news, rumors and FUD and find their way.
Also many have to understand that trading is not for everybody and the risk they take and the stress behind it may or may not pay off.
member
Activity: 868
Merit: 63
That's the problem for average traders, they get cocky when the point comes where they have consecutive good trades and end up not checking up their risk tolerance thus ending up with being stupid and ending losing back all the money that they've profited from trading. It's hard to gain humility especially if you're environment is full of competition.
sr. member
Activity: 966
Merit: 421
Bitcoindata.science
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.
Jump to: