THINGS THAT CAN'T BE TAUGHT IN TRADING - page 2.

Bright_dhykseen

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Quote from: MCobian on June 07, 2020, 01:09:42 AM

It's true psychological can't be taught in trading, because everyone has a different psychological. Another thing that can not be
taught in trading is instinct and way of thinking, it is a natural thing that everyone is different. Things that cannot be taught in
trading, we must practice often. So that we can control it and be a benefit for us when trading, if we can't control it it can be
the cause of our loss.

Well, I believe instincts in trading builds up with time.

Quote from: LbtalkL on June 07, 2020, 12:31:46 PM

I think some of the things that cannot be earned easily or taught online by watching some videos or reading blogs are "Courage and confidence".

Courage/confidence is achieved by Backtesting. This means testing your strategy from time to time to see how it works in different market condition.

palle11

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Quote from: Bright_dhykseen on June 05, 2020, 08:26:22 AM

No matter the number of videos you watch on this, you need to learn your psychology by Yourself! This is just a fact!

What other things can't be taught in trading?

Yes you have to learn the videos for real time trading.
Emotion too can not be thought including sentiments.
Further, discipline can not be thought. You get disciplined as you progress with especially losing of trades. Grin

Shallow

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You are right, the essence of the videos is to educate potential traders they best way to start and the pre-requisites but just like you stated psychological aspects needs to be self learnt and this is the only way the person can improve while learning from any mistakes arising. Also, I think another thing is, being contented during trading; the ability to stick to what you wanted even after getting it is important, this is because some traders might exit a trade and still have the urge to go back while some might unnecessarily develop the urge of wanting more which is seen as greed.

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Quote from: KrisAlex18 on June 08, 2020, 05:49:22 AM

Self-discipline and control would be one thing that cannot be taught by anyone because if the person really wants to do something they will do it no matter what happens, no matter what advice that you are going to give to her. They are the ones that would help themselves as well, if they really want to have that kind of characteristic, they should learn to limit first themselves and know what to prioritize.

I cannot say that it won't because we can still give them advice and the things they need to do to control their emotions but the problem is how they respond to the person who has taught them. Believing that every individual has their own decision and self upbringings if they close their minds into this advice and new market ideas, they are also closing the door to improve. A lot of people like these and actually they'll biting you back once they fail which is not our obligation to take care of them.
And I believe that OP is right, the psychological aspect is hard to share with others. We can still improve and control emotions in some other ways but not this thing.

KrisAlex18

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There are no people who can teach the personal aspect of the person because we are all different people, we all have different perception in life, the best thing that they can do for you is to show off your psychological aspect, they can for you through experiences. You are the one who would teach your self on that thing.

Self-discipline and control would be one thing that cannot be taught by anyone because if the person really wants to do something they will do it no matter what happens, no matter what advice that you are going to give to her. They are the ones that would help themselves as well, if they really want to have that kind of characteristic, they should learn to limit first themselves and know what to prioritize.

coinfinger

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Quote from: Bright_dhykseen on June 05, 2020, 08:26:22 AM

So I realized there are so many things that can't be taught in trading.

One major thing I know can't be taught is the psychological aspect of trading.

No matter the number of videos you watch on this, you need to learn your psychology by Yourself! This is just a fact!

What other things can't be taught in trading?

I believe that emotion control must be one of the aspect of trading which cannot be taught from books nor from videos. We need to get practice to it only through our own experience. Recently I just come across a video tutorial about the emotional control which is teaching about going for practicing meditation for better emotion control while trading. I understand that must be a better way to get practice to emotion control other than experiencing emotion failures while trading and then learning from our own experience.

On-time decision making cannot be taught to one trader because traders must learn it by heart. Just following the signal which is usually derived from technical analysis alone will not assure success in trading but we need to take many timely decision so that we can avoid losses and also maximize the chances of making profits. Simply, at many times while trading we may need to take timely decision according to events and news; which may not be possible by learning from books.

lienfaye

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Indeed psychological aspect cant be taught in trading because it depends on every trader how we deal in different situation in trading.

Just like if we experience losses, its our emotion that will dictate us what to do after losing specially if we are talking about huge capital.

We can seek for advice or suggestions on what to do incase we experience it but its not easy to set aside our emotions.

maxreish

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Quote from: Bright_dhykseen on June 05, 2020, 08:26:22 AM

One major thing I know can't be taught is the psychological aspect of trading.

Control emotions is one of the psychological actions in trading that is hard to follow and manage. It is very easy to say and advise to some trader to manage their emotions but it is really hard to implement in real life.
But we have different goals in trading that will give us the reason to move forward and to become a better trader. We also have different trading styles, different lessons learned but we should always stick to those positive things.

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Quote from: Bright_dhykseen on June 05, 2020, 08:26:22 AM

So I realized there are so many things that can't be taught in trading.

One major thing I know can't be taught is the psychological aspect of trading.

No matter the number of videos you watch on this, you need to learn your psychology by Yourself! This is just a fact!

What other things can't be taught in trading?

Trading is like a new adventure and interesting one. You should eager to face the new situation at any moment. In order to enjoy the trading, you should inverse the money which is not needed and which is needed in a long run. You can inverse your saving on trading and don't panic at small fall in the price of invested coin.

LbtalkL

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I think some of the things that cannot be earned easily or taught online by watching some videos or reading blogs are "Courage and confidence". I know some people he is not very technical on trading, he is just basing on news and updates of a certain coin. He is full of courage to trade on a certain coin it's like it's now or never. Sometimes it pays off sometimes not, but I guess in the majority he is profitable. Sometimes I think trading is like a gamble.

MCobian

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It's true psychological can't be taught in trading, because everyone has a different psychological. Another thing that can not be
taught in trading is instinct and way of thinking, it is a natural thing that everyone is different. Things that cannot be taught in
trading, we must practice often. So that we can control it and be a benefit for us when trading, if we can't control it it can be
the cause of our loss.

Bright_dhykseen

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Quote from: The Cryptovator on June 05, 2020, 04:30:53 PM

Most probably "greed"? Because we can't thought during trading that we are greedy. Its basically for all peopels even out of trading, during happen our mind can't thing logically and we become greedy. But after happend someone we could realized that we were greedy especially when we lost funds. There is so many thoughts we missed during trading trading, even our common sense not work properly but after happen we realize that I shouldn't do that which was against common sense.

I believe you meant "controlling greed/emotions".

Quote from: harizen on June 05, 2020, 04:51:37 PM

Even you lose, even you wrecked, even you got sh*t along the way - just continue and don't give up.

To be a good trader, it will take time. There's no overnight success. So let's put it this way; "study - actual trades - familiarizing - test strategies - see the result". As progressing, everyone will now reach the point wherein they able to do strategy on their own. That's the product of their continuous trading as they experienced every problem on the way and work on how to deal with those.[/i].

Here are some important notes everyone needs to jot down. I totally agree with this.

Quote from: thesmallgod on June 05, 2020, 05:13:23 PM

That's is the reason nobody will guarantee you that trading is profitable because the success also depend on individual personality. You have point out about psychological aspect and another thing is endurance. You need to know how to endure and make peace with some wrong decisions you have made in the past. Mistakes in trading suppose to be a lessons that will make you to take better decision. Lastly, it is your resilience.

Great point. Success in trading depends on individual and you have to find what works for you.

Quote from: Oilacris on June 05, 2020, 05:58:53 PM

Self-discipline
Hardwork
Patience
Motivation
Emotion
Intuition/Instinct

This is most likely talk about inner characteristic but these are the things which cant really be taught to others because
you are the ones who would really need to polish up for you to be effective on trading career.How to achieve?
Experience would only be the way because you cant mold em up if you dont engage into something which will
give you awareness on what you are doing and apply learnings after that.

Exactly! you said it all.

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Quote from: danherbias07 on June 06, 2020, 11:59:01 AM

Control, regret, courage and a lot more.
These are emotions that burst out whenever you decide to sell or buy.
If you can manage to get the best out of all that then maybe you can succeed.

It is true it cannot be learned in any tutorial out there.
What you need is experience by doing it over and over again.

It can really be attained when you do deal with a thing for how many times and you do keep doing it until you do able to grasp everything from technicals to emotional aspect.We can actually compare the emotions we felt when we are just starting up until we do gain experience.All is different and since we already know on how do things work then our emotions and decision making skills would really be enhanced and this thing wont stop until we are still engaging into any stuff. There are really things that cant really be taught by somebody since you are the only one whom would able to discover it along the way.Applying it on future things would really be helpful,
we shouldnt really stop trying until we do learn everything.

htsy585

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Quote from: Bright_dhykseen on June 05, 2020, 08:26:22 AM

So I realized there are so many things that can't be taught in trading.

One major thing I know can't be taught is the psychological aspect of trading.

No matter the number of videos you watch on this, you need to learn your psychology by Yourself! This is just a fact!

What other things can't be taught in trading?

I agree with you, not every can be taught as there are certain things that you just have to learn to take care of your self and believe psychological aspect of trading covers them all. How you can perfectly deal with greed, emotions and self discipline and above all, knowing what you actually want because this is what will guide and help you manage your emotions amd other psychological aspect of trading perfectly

tbterryboy

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Quote from: Bright_dhykseen on June 05, 2020, 08:26:22 AM

So I realized there are so many things that can't be taught in trading.

One major thing I know can't be taught is the psychological aspect of trading.

No matter the number of videos you watch on this, you need to learn your psychology by Yourself! This is just a fact!

What other things can't be taught in trading?

I don't think it has to be taught, it's up to you to train yourself to be able to do that. And that's very important for anyone to learn, it's really going to be helpful. If you're able to train your senses and not let things get to you so much, it's going to help you to remain sane in some cases when you're going through difficult situations. That's something I'm trying hard to learn, it's not easy, but I'm getting close to the level I want.

In trading, anytime I lose money I usually worry too much. But I'm doing my best to get over it. This happens so many times, even things I see on social media affects me a lot, there's no need going into details. But by training myself, I believe I'm starting to help myself out. If you can't do it yourself, then you need someone to help you do it.

danherbias07

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Control, regret, courage and a lot more.
These are emotions that burst out whenever you decide to sell or buy.
If you can manage to get the best out of all that then maybe you can succeed.

It is true it cannot be learned in any tutorial out there.
What you need is experience by doing it over and over again.

deisik

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Quote from: pawanjain on June 06, 2020, 02:28:28 AM

Quote from: Bright_dhykseen on June 05, 2020, 08:26:22 AM

So I realized there are so many things that can't be taught in trading.

One major thing I know can't be taught is the psychological aspect of trading.

No matter the number of videos you watch on this, you need to learn your psychology by Yourself! This is just a fact!

What other things can't be taught in trading?

One important thing that can't be taught is PATIENCE

Patience is extremely overrated and overhyped

I could even go as far as to say that you don't need patience. But what you do really need is genuine knowledge and understanding. Armed with these, you can wait as long as need be and act fast when it comes to that. If you feel impatient, it's a telltale sign that you do something wrong or lack in-depth knowledge. Put differently, impatience is only a symptom of some underlying problem, but you can't cure a disease by alleviating its symptoms. Those who appear patient simply know what they are doing

Latviand

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Quote from: CHENIEN on June 06, 2020, 09:12:01 AM

Actually,special treatment to people is a real asset to become a great investors and you must be alluring ,respectable and calmly through your own site and figure .you need to dance according to the tune I think this simple taught will bring yourself to become as one of the most richest people in the middle.

That's right, you need to have a positive vibe with the people you are having a transaction with. You should respect and communicate with them so that you will have an effective trading transaction in every person that you will work out with. Communication is essential in trading.

Teach yourself how to understand things that are new to you, learn how to adapt and adjust depending on the people that you will get interfere in trading. Also in investment, you need to always keep your feet on the ground so that people can easily reach you out.

Patience and discipline is also important and should be practiced by every trader so that you know how to perform in the right moment. Discipline will make you have a good decision making and right time to have transaction with so that it will become more worth it for you.

gabbie2010

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Quote from: Bright_dhykseen on June 05, 2020, 08:26:22 AM

So I realized there are so many things that can't be taught in trading.

One major thing I know can't be taught is the psychological aspect of trading.

No matter the number of videos you watch on this, you need to learn your psychology by Yourself! This is just a fact!

What other things can't be taught in trading?

Psychology in trading is very much important it brings in emotion and fear if trader is not well equipped with that aspect of trading it can lead to rekt of account I believe it has to do with personality and individual, personally I experience live trading I can authoritatively relate to how I feared psychologically while trading with a loss I knew other traders can share their views.
Above all money management and trading with the amount money one can afford to lose is a key to dealing with psychology in trading.

Zackgeno96

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I guess it is the experience that can't be taught by a person to another. By experience you come to know when to enter a trade and when not to do. This in the long run decides who is a good trader and who is still a newbie. So this is the reason why internships under established traders is actually a good thing to do.

The other thing that can't be taught in trading is psychology, everyone has always a different approach when it comes to a trade and more experienced the trader, better will be his skills and sentiments about the market.

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