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Topic: THINGS THAT CAN'T BE TAUGHT IN TRADING - page 4. (Read 1015 times)

hero member
Activity: 1806
Merit: 672
June 05, 2020, 09:42:59 AM
#5
One major thing I know can't be taught is the psychological aspect of trading.

It can be taught as how I view things since we do have some psychologist and human behavioral science who can teach you this things. I think the better thing to say here is even if you teach/reminds them to control their emotions while trading it will still really depend on him/her doing his part. And for newbies being carried around their emotions I don't blame them since the crypto market is really a volatile market for any newbies to enter in their first time around, I know that the price action is much faster for others to have a proper decision that's why the best thing to handle this is to have an entry and exit strategy as well as a cut loss strategy at place and be set in stone so no matter what will happen as long as he/she is contended with his plan he/she can keep his emotions intact.
sr. member
Activity: 980
Merit: 260
June 05, 2020, 09:32:16 AM
#4
For me one important thing I can't take for granted is the timing. I can't think of anything else that I'd go by and follow blindly. For me timing i.e. when to buying/selling is a make or break type decision. This decision has made me lose so much, that I can't even trust myself (sigh) at times and I'm still learning so much about market reaction, follow up trends, discussion etc.

And at the end of the day it doesn't matter how much you learn from analysis what's important is when to act.
legendary
Activity: 2492
Merit: 1232
June 05, 2020, 08:39:53 AM
#3
What other things can't be taught in trading?
I think for me it's effort and self-dicipline, through these it will become a genuinely skilled trader and probably 99% sure the market will reward you for your diligent efforts on it when you become a successful trader. The things that can be taught by others is the mindset in each of everyone and to focus on trading, might others want easy trading and didn't do any effort to study and make all kind of analysis in the market. Sometimes laziness makes us down in trading if you follow your negative emotions.

However, without this effort and stick to your discipline that I said, probably it is estimated that more than 80% of traders fail and quit from trading.
legendary
Activity: 2576
Merit: 1875
Leading Crypto Sports Betting & Casino Platform
June 05, 2020, 07:43:08 AM
#2
One of the things that I think cannot be taught is the style of negotiation, you cannot copy someone's style because that person has different emotions from each other, it may be that they are sometimes similar, but many times the emotions influence the trading decisions.
member
Activity: 84
Merit: 14
June 05, 2020, 07:26:22 AM
#1
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?

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