THINGS THAT CAN'T BE TAUGHT IN TRADING

Lanatsa

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Quote from: Oasisman on June 09, 2020, 04:42:33 PM

Experience will make you realize the things you've learned that cannot be easily taught, or completely cannot be taught.
IMO, one of the things that cannot be taught is the perspective of trading which is also correlate with the trading psychology. Consistent small gains is better than being greedy and look to maximize the trade profit which usually leads to a loss. That's what patience means in trading, which everyone talks about but only few could apply in a real situation.

That feels of greed is pretty common specially to those people who do just recently started up and they do able to see from others on making big profits.They do picture out that
they can do the same thing until they do able to have some taste on what reality looks like.

Nothing can really teach us but only gaining it thru experience.From theory to emotion handling, you will all learn this along the way. Becoming successful will depend if you do accept
and learn from those lessons.

Having a strong mind+ determination +unwavering goal setting will really lead you into a good path.

Oasisman

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Experience will make you realize the things you've learned that cannot be easily taught, or completely cannot be taught.
IMO, one of the things that cannot be taught is the perspective of trading which is also correlate with the trading psychology. Consistent small gains is better than being greedy and look to maximize the trade profit which usually leads to a loss. That's what patience means in trading, which everyone talks about but only few could apply in a real situation.

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Quote from: Bright_dhykseen on June 09, 2020, 03:44:50 PM

Quote from: deisik on June 09, 2020, 01:15:39 PM

Quote from: TheGreatPython on June 09, 2020, 10:30:32 AM

It depends on who is teaching you. An expert in that area can teach you how you can get over any kind of bad feelings that you don't want

I don't think it is very likely in real life

An expert in trading is not necessarily an expert in teaching as these are two entirely different areas. You can be a trading genius but if you don't know how to effectively transfer your skills and expertise to someone else, you are busted. Further, true experts are extremely unique, i.e. their expertise cannot be copied like you copy a sheet of paper merely because it is built on very particular personality and character traits (read, it may not be transferable at all)

This is one side to it.

Another side to it IMO is that what works for everyone psychologically is different

That's what I mean

It is not like it is completely impossible per se provided you are already smart enough, but it would require an effort of a diverse team of experts to teach you all the tricks and turns of the trade tailored to your specific psychological makeup. If you could afford it, it is unlikely you would be interested in trading in the first place. So we are left to ourselves dealing with our inner demons as good as we can

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Quote from: deisik on June 09, 2020, 01:15:39 PM

Quote from: TheGreatPython on June 09, 2020, 10:30:32 AM

It depends on who is teaching you. An expert in that area can teach you how you can get over any kind of bad feelings that you don't want

I don't think it is very likely in real life

An expert in trading is not necessarily an expert in teaching as these are two entirely different areas. You can be a trading genius but if you don't know how to effectively transfer your skills and expertise to someone else, you are busted. Further, true experts are extremely unique, i.e. their expertise cannot be copied like you copy a sheet of paper merely because it is built on very particular personality and character traits (read, it may not be transferable at all)

This is one side to it.

Another side to it IMO is that what works for everyone psychologically is different.

What worked for your expert might not work for you.

Trading is one journey of self-discovery.

deisik

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Quote from: TheGreatPython on June 09, 2020, 10:30:32 AM

It depends on who is teaching you. An expert in that area can teach you how you can get over any kind of bad feelings that you don't want

I don't think it is very likely in real life

An expert in trading is not necessarily an expert in teaching as these are two entirely different areas. You can be a trading genius but if you don't know how to effectively transfer your skills and expertise to someone else, you are busted. Further, true experts are extremely unique, i.e. their expertise cannot be copied like you copy a sheet of paper merely because it is built on very particular personality and character traits (read, it may not be transferable at all)

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Quote from: suzanne5223 on June 08, 2020, 03:04:13 PM

Completely you're absolutely right because psychological is something that has to do with traders/investors' maturity status and this is the reason why some people believe crypto trading is not meant for people that can put their psychological in check.

You are right about this. The maturity status of a trader will make a trader realize all that can't be taught in trading.

Quote from: Lanatsa on June 08, 2020, 04:38:24 PM

You would surely see the difference when you do try to compare the older you and the current one as you do gain up experience along the way.There are indeed things that cant really be taught by anybody or can be searched up online since this do particularly talks about inner self attraibutes.

Patience, discipline, emotion handling and more can really be only attained by just experiencing up things.The less you do engage into something then the lesser you would able to mold up yourself.

This is why we should really be trying our best to learn up along the way and gradually enhancing those attributes which are the main keys for you to be good into this kind of field.

This is exactly everything on my mind right now!

Quote from: posi on June 08, 2020, 04:58:44 PM

psychological cant be taught and it the common problem most cryptocurrency investors and traders have.
What i think cant be taught when learning trading is an improvement cause the crypto trading of today is different to the year 2016 which some bot that ease trading is not popularly used. However, traders improvement depend on dedication and thinking outside the box

We will all grow eventually to realize all these

Quote from: Stedsm on June 08, 2020, 06:23:32 PM

I've got a new one here - controlling your emotions.
Controlling your emotions while setting up a trade is one of the major aspects a very few people know and this thing can't literally be taught to any person as it needs to be conquered on our own. I believe that OP should compile a list of such opinions and put the best ones in the first post so to give a glimpse of the points that are needed to be taken into mind and learnt on our own before jiving into trading.

Good point! but I believe controlling emotions also lies under trading psychology.

Quote from: Aaroenz0r on June 08, 2020, 10:22:04 PM

instinct. A good trader will have a strong instinct to have a premonition of something is about to happen. We all agree that knowledge and skills are important but our instinct are also important. Building a strong instinct takes a lot of experiences, it can't be taught. You can only learn it by a hard way - actually going through!

Yes! instincts. This builds up wit experience in trading after seeing things happen over and over again.

Quote from: TheGreatPython on June 09, 2020, 10:30:32 AM

I don't think you're right in some ways. People can be taught to have control over their feelings and reactions. It depends on who is teaching you. An expert in that area can teach you how you can get over any kind of bad feelings that you don't want. It's being done and this is not something new, unless you have not experienced or seen it before. But one thing I know for sure is that it can be done.

I don't really think that there is anything that can't be taught in trading. You can be taught how to trade, the technical analysis and you can as well be taught the psychological side of it. We are having experts these days hence finding a right people to teach us is not a big problem. This is the reason people are becoming too lazy to learn anything by themselves and going for classes for every aspect of trading and life.

The Truth of trading is that you will eventually have to practice everything you learn on your own. More the reason why most traders claim they are self-taught.

Psychology can be taught but it takes a conscious effort and practice to enact it into your trading. If you can't enact it, it is more like you didn't learn anything.

It is just like reading a manual on how to drive. If you don't practice how-to, you will remain inexperienced.

Most of the things we learned in trading came from our own experience.

At times, it is when we experience something or incident in trading, that's when we can relate to certain things being taught in videos. So eventually, you learned from your own experience.

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Quote from: Bright_dhykseen on June 05, 2020, 07:26:22 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!

I don't think you're right in some ways. People can be taught to have control over their feelings and reactions. It depends on who is teaching you. An expert in that area can teach you how you can get over any kind of bad feelings that you don't want. It's being done and this is not something new, unless you have not experienced or seen it before. But one thing I know for sure is that it can be done.

I don't really think that there is anything that can't be taught in trading. You can be taught how to trade, the technical analysis and you can as well be taught the psychological side of it. We are having experts these days hence finding a right people to teach us is not a big problem. This is the reason people are becoming too lazy to learn anything by themselves and going for classes for every aspect of trading and life.

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Indeed i agree with you because i also watch so many videos about how to do trading etc. but still is really hard to catch up until i slowly move creating my own strategy, now im still watching more videos about tradings but in this case i just want to learn more and want to get some technique that i could use on my own trading strategy.

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Quote from: Stedsm on June 08, 2020, 06:23:32 PM

I've got a new one here - controlling your emotions.
Controlling your emotions while setting up a trade is one of the major aspects a very few people know and this thing can't literally be taught to any person as it needs to be conquered on our own. I believe that OP should compile a list of such opinions and put the best ones in the first post so to give a glimpse of the points that are needed to be taken into mind and learnt on our own before jiving into trading.

Another one is instinct. A good trader will have a strong instinct to have a premonition of something is about to happen. We all agree that knowledge and skills are important but our instinct are also important. Building a strong instinct takes a lot of experiences, it can't be taught. You can only learn it by a hard way - actually going through!

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Quote from: Stedsm on June 08, 2020, 06:23:32 PM

I've got a new one here - controlling your emotions.
Controlling your emotions while setting up a trade is one of the major aspects a very few people know and this thing can't literally be taught to any person as it needs to be conquered on our own. I believe that OP should compile a list of such opinions and put the best ones in the first post so to give a glimpse of the points that are needed to be taken into mind and learnt on our own before jiving into trading.

True!! Controlling emotions are critical for trading. Emotions affect our minds in making decisions and create greediness or fear of missing out. It's harmful to let emotions interrupt our decision. However, in order to control our emotions, we have no way but actually go through it by trading.

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Quote from: Stedsm on June 08, 2020, 06:23:32 PM

I've got a new one here - controlling your emotions.
Controlling your emotions while setting up a trade is one of the major aspects a very few people know and this thing can't literally be taught to any person as it needs to be conquered on our own. I believe that OP should compile a list of such opinions and put the best ones in the first post so to give a glimpse of the points that are needed to be taken into mind and learnt on our own before jiving into trading.

Yes. Emotions in trading can't be taught or totally controlled because even if your trading ends with profits or losses, your own emotions will still have its own place in trading. They say controlling our emotions is a must in trading but i think it's just easy to tell but finds it hard to do when we are in actual trading.

Stedsm

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I've got a new one here - controlling your emotions.
Controlling your emotions while setting up a trade is one of the major aspects a very few people know and this thing can't literally be taught to any person as it needs to be conquered on our own. I believe that OP should compile a list of such opinions and put the best ones in the first post so to give a glimpse of the points that are needed to be taken into mind and learnt on our own before jiving into trading.

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Quote from: Bright_dhykseen on June 05, 2020, 07:26:22 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?

Things that can't also be taught is your emotions, this is in the state where by you end up buying cheap and the prices keeps dipping. Now you won't have that patience to hold that it will rise, which we have a saying that goes like this WHAT GOES DOWN MOST COME UP. And you will end up selling at lost.

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psychological cant be taught and it the common problem most cryptocurrency investors and traders have.
What i think cant be taught when learning trading is an improvement cause the crypto trading of today is different to the year 2016 which some bot that ease trading is not popularly used. However, traders improvement depend on dedication and thinking outside the box

Lanatsa

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Quote from: palle11 on June 08, 2020, 08:30:35 AM

Quote from: Bright_dhykseen on June 05, 2020, 07:26:22 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

You would surely see the difference when you do try to compare the older you and the current one as you do gain up experience along the way.There are indeed things that cant really be taught by anybody or can be searched up online since this do particularly talks about inner self attraibutes.

Patience, discipline, emotion handling and more can really be only attained by just experiencing up things.The less you do engage into something then the lesser you would able to mold up yourself.

This is why we should really be trying our best to learn up along the way and gradually enhancing those attributes which are the main keys for you to be good into this kind of field.

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Quote from: Bright_dhykseen on June 05, 2020, 07:26:22 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!

Completely you're absolutely right because psychological is something that has to do with traders/investors' maturity status and this is the reason why some people believe crypto trading is not meant for people that can put their psychological in check.

Quote from: Bright_dhykseen on June 05, 2020, 07:26:22 AM

What other things can't be taught in trading?

One of other that cant be taught is self control/decision making in terms of invest and panic.

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Quote from: wozzek23 on June 08, 2020, 11:37:17 AM

Quote from: KrisAlex18 on June 08, 2020, 04:49:22 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.

Yes, in this way I believe most of the aspects of trading could not be taught by anyone so that they will become a perfect trader all of sudden. I mean all the aspects of trading should be learned by own so that it will be possible to become a practice in their trading. If we study something just from books then that will get forget when we are trading. But, when we are experiencing something then that will be definitely remembered while trading. This is the difference between being taught and learning by own.

I have studied lots of materials related to trading and also watched plenty of YouTube videos for making myself get ready for trading. Unfortunately when I got into live markets, I started like never seen any lessons/materials related to trading. But I started live markets with the least capital so that learning has become possible for me because I was not with the live market for profit-making but only for learning.

well said. All lessons in trading are self taught.

Quote from: Twentyonepaylots on June 08, 2020, 12:53:56 PM

What I think of a thing that can't be taught is the experience, we all lose, we all win, yes but it has differences a lot of differences.

You can't buy this anywhere.

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Quote from: danherbias07 on June 06, 2020, 10:59:01 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.

Every traders are different and I agree we all have different level of these things, perhaps not any have the control, or courage to trade but then that's not the case. If we are able to trade with less emotion, we can have a success ending but you can't just tell people to trade with less or no emotion at all coz we are playing differently, you can't be emotionless with the money you work hard after an 8 hour shift to trade and risk to the market. What I want to tell is, we are all different maybe some strategies are not as effective as they way you do it than the others.

Quote from: danherbias07 on June 06, 2020, 10:59:01 AM

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

What I think of a thing that can't be taught is the experience, we all lose, we all win, yes but it has differences a lot of differences.

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Quote from: KrisAlex18 on June 08, 2020, 04:49:22 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.

Yes, in this way I believe most of the aspects of trading could not be taught by anyone so that they will become a perfect trader all of sudden. I mean all the aspects of trading should be learned by own so that it will be possible to become a practice in their trading. If we study something just from books then that will get forget when we are trading. But, when we are experiencing something then that will be definitely remembered while trading. This is the difference between being taught and learning by own.

I have studied lots of materials related to trading and also watched plenty of YouTube videos for making myself get ready for trading. Unfortunately when I got into live markets, I started like never seen any lessons/materials related to trading. But I started live markets with the least capital so that learning has become possible for me because I was not with the live market for profit-making but only for learning.

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I think the things that can't be taught in trading are motivation and determination because we all know trading is hard, so that is the reason why people who wants to try trading gives up too early because they don't have any determination and didn't get motivation from doing trading for their first time.

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Quote from: MCobian on June 07, 2020, 12:09:42 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, 11:31:46 AM

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.

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Quote from: Bright_dhykseen on June 05, 2020, 07:26:22 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, 04:49:22 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.

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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.

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Quote from: Bright_dhykseen on June 05, 2020, 07:26:22 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.

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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.

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Quote from: Bright_dhykseen on June 05, 2020, 07:26:22 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, 07:26:22 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.

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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.

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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.

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Quote from: The Cryptovator on June 05, 2020, 03:30:53 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, 03:51:37 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, 04:13:23 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, 04:58:53 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, 10:59:01 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, 07:26:22 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, 07:26:22 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, 01:28:28 AM

Quote from: Bright_dhykseen on June 05, 2020, 07:26:22 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, 08:12:01 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, 07:26:22 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.

Ridwan Fauzi

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Other people experience, we can easily learn what other people strategy and we can choose the strategy that suitable for our fashion and finally we can use it as our strategy. But we can't learn someone else's experience, I mean if someone else has a bad experience like he found a lot of lost or he get a lot of profit we can't achieve if we learn it. It should be different with us especially for newbies traders who still find a lot of information about trading. Don't look with what other people get in their trading, just focus on ourself because we can make it better.

ScamViruS

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Not all traders have the same strategy. Everyone has a different strategy and creates it so that he is different from others. No one can guarantee that you can make a profit using this strategy. By watching the video you will be able to gain knowledge about trading which will teach you discipline. For traders to gain in-depth knowledge about trading through videos and various courses. Your discipline is the most important part of trading. Traders who trade emotionally are actually greedy, causing losses in the market due to their greed.

CHENIEN

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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.

pawanjain

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Quote from: Bright_dhykseen on June 05, 2020, 07:26:22 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
A crypto trader definitely needs patience so that he can execute his strategy with a calm mind and gain profits.
Many traders don't really have the patience and end up losing their money.
Though we keep on saying you need to be patient there are very few who actually listens.
Patience can't be thought it's something that we have to achieve by ourselves.

Harriti

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HEX: Longer pays better

Quote from: Bright_dhykseen on June 05, 2020, 07:26:22 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?

In addition to trading psychology, we also have "discipline". You know, each of us are born with different personalities. therefore, it is a crime to impose discipline of one person as a person. I think we should learn a lot about indicators and how to manage capital. When we have enough background knowledge, we will trade with a small amount of money to practice psychology and discipline. That would be the best way to become a professional trader.

mnporter2001

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HEX: Longer pays better

Quote from: Bright_dhykseen on June 05, 2020, 07:26:22 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!

yes, the psychology of everyone is different and we can't understand the communication of those who came before. I also had a period of time learning about trading psychology of some people but I suddenly realized that I could not be like them even though I tried my best. I realize we need to understand ourselves and know our psychological weaknesses. then find a solution to control it, that's how i did it and was quite successful. Now whether the price is volatile or there are large losses, I still feel emotionless.

maydna

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Experience cannot be taught, but it can be learned. We cannot teach them about how we got the experience, but we can teach them based on what we got so they can raise their skills in trading. They need to get the point of our experience before they can learn something from that, and that will need time before they can have their own experience.

Mentality, experience, and skills will be different from each trader since they trade by themselves with their analysis. But a trader can get the other trader experience and learn it for their benefits.

Lizzylove1

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Having a disciplined mind coupled with patient without which we will keep losing i trading. To buy the top of a moving coin is dangerous, correction always come after a massive bull run, this may take weeks but if you are not good at technical, it's better not to enter. This goes samw when you are already in a blood bath, you sell at a loss and boom the reversal.

Yamifoud

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Every trader has their own common trading strategy but of course, they have created one for their own only that could be their best menu and nobody have to know it. Everything could be actually be taught to the others not this top-secret strategy of yours. And asking why we have to do this? The market competition brings to this, maybe it was a clever thing to hide something but because we want to make ourselves dominant to the others, we will have to make this. And I don't think there is a wrong with that, besides you can have your own either.

Oilacris

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Quote from: Bright_dhykseen on June 05, 2020, 07:26:22 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?

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.

dentolas

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I think that there are somethings that come from experiencing and emotions, and each person will collect a different set of experiences and will handle emotions deifferently, these can evolve by trading and analysing our own moves and mistakes...
And there is self discipline, dedication and presistance that must come from inside, and to be a sucessfull trader you'll need all those

thesmallgod

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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.

harizen

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Quote from: Bright_dhykseen on June 05, 2020, 07:26:22 AM

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

That's why having an experience is the best foundation in doing trades. Build it up.

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].

Quote from: Bright_dhykseen on June 05, 2020, 07:26:22 AM

What other things can't be taught in trading?

Making strategies.

Traders have different ways to play with the market. That's why I always say to newbies that don't just follow but instead, take those other strategies as reference and pointers.

enhu

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Quote from: mersal on June 05, 2020, 03:04:05 PM

Quote from: Bright_dhykseen on June 05, 2020, 07:26:22 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?

All those videos can give an idea how trading works and what should we do but we can really find our own strategies with our experience, no one can be a successful trader without much efforts so keep trying and learn the things from your mistakes.

Psychology of a trader is very simple, just sell for profits so keep holding!

That is how easy it is but when they learn to seek more profit the greed strikes. Its often learning to exit and take profit and not finding the ATH. All these can be taught to anyone but discipline is the hardest because each of us has the trading style of our own that fits the psychological being a trader. If you are a risk-taker you will always be that way even if you have less cap.

The Cryptovator

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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.

Bright_dhykseen

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Quote from: LUCKMCFLY on June 05, 2020, 07:43:08 AM

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.

Every style of trading should be unique. You should create YOUR methodology that works for YOU

Quote from: sheenshane on June 05, 2020, 08:39:53 AM

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.

I totally agree with this! If you don't put in the work, you're as good as a professor in trading. Grin

Quote from: rexxarofmoknathal on June 05, 2020, 09:32:16 AM

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.

Well, i believe this can be taught.

Quote from: el kaka22 on June 05, 2020, 02:34:31 PM

Emotional trading can't be taught to become like a robot with any video at all. Some people go crazy when they see a coin going up, this is a tale as old as time but for some reason some noobs or idiots still fall for it, the price suddenly goes 100% and they go and buy it, why? Because they think the price went up and if they get in at the right time the price could go even higher after that and they could sell.

What ends up happening is the price drops when they get in, and that is why they lose a ton of money for being late. Being emotional about what you are trading will hurt you no matter how many videos or books or whatever you studied, you are going to lose money on it 100% guaranteed. That is why you have to trade and lose and learn these in order to become good at them.

Can we ever truly trade like robots without the slightest appearance of emotion?

If i get rid of all my emotions cos of trading, my girlfriend will be in trouble Grin

Quote from: mersal on June 05, 2020, 03:04:05 PM

Psychology of a trader is very simple, just sell for profits so keep holding!

If only it was this easy.

.

That's why there is what is called Fear of Leaving money on the table

mersal

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Quote from: Bright_dhykseen on June 05, 2020, 07:26:22 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?

All those videos can give an idea how trading works and what should we do but we can really find our own strategies with our experience, no one can be a successful trader without much efforts so keep trying and learn the things from your mistakes.

Psychology of a trader is very simple, just sell for profits so keep holding!

bitbunnny

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One of the things that people often try to do is tp copy others. I think that is wrong and you can't learn to trade like somebody else because everyone has its own style, own goals and strategy that is line with needs and capabilities.
But we shouldn't be focused on what can't be taught but what could be, what experiences could be shared and what common mistakes avoided. That is the benefit of community.

el kaka22

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Emotional trading can't be taught to become like a robot with any video at all. Some people go crazy when they see a coin going up, this is a tale as old as time but for some reason some noobs or idiots still fall for it, the price suddenly goes 100% and they go and buy it, why? Because they think the price went up and if they get in at the right time the price could go even higher after that and they could sell.

What ends up happening is the price drops when they get in, and that is why they lose a ton of money for being late. Being emotional about what you are trading will hurt you no matter how many videos or books or whatever you studied, you are going to lose money on it 100% guaranteed. That is why you have to trade and lose and learn these in order to become good at them.

Assface16678

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On the psychological aspect, there is nothing that people will teach you that because it is the behavior of human and also the final decision is yours no matter what happened at the end of the day your achievement or your mistake you cannot blame others because they teach you the wrong side on trading this is your fault too because you trust and follow them don't be a follower on the people just you know high skilled on trading do your own trade so you can keep moving forward about the things happening right now on your trades. After you earn a lot of experience you know on your self that you can be a great trader at the end of the day.

Harlot

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Quote from: Bright_dhykseen on June 05, 2020, 07:26:22 AM

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.

rexxarofmoknathal

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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.

sheenshane

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Quote from: Bright_dhykseen on June 05, 2020, 07:26:22 AM

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.

LUCKMCFLY

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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.

Bright_dhykseen

member

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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?

Topic: THINGS THAT CAN'T BE TAUGHT IN TRADING (Read 1016 times)