In my opinion, this is not only a problem for traders. In any field, there are people who choose practice and, unfortunately, neglect such an important theory.
Of course, it is not necessary for all areas to know the theory, but trading is one of such areas.
It is best to find a teacher who will put you on your feet in trading than to study yourself or learn by trial and error.
Topic: Traders who never bother to learn how to trade - page 4. (Read 3326 times)
Before the eyes of the trader constantly flash buy and sell orders, daily trading volume on the stock exchange. As a rule, these are big numbers and sometimes they cloud the mind. Newcomers think that some of this money can easily go into their pocket. But they forget that more experienced traders have the same goal. I agree that beginner should start trading on demo accounts, then with small amounts and if it turns out to increase the depot, he can gradually increase his deposit at the expense of his fiat funds. A beginner should also strictly follow his trading strategy.
I know some people whom I dont want to refer as traders because they never want to learn about the project or its future usecases, rather they will just wait for someone to give them "Signals" and they buy/sell based on that. I dont think thats trading, they cant earn in the long run.
It depends on who their follow to make a trade, if they follow the pro traders and make every trade based on the pro traders made, i think they will be good. But the problem is, the pro traders won't show the whole trades that they made and their followers will do nothing when they not show it. So, we better to learn trading by our analysis and experience. So, we could make any trades anytime when we want
I know some people whom I dont want to refer as traders because they never want to learn about the project or its future usecases, rather they will just wait for someone to give them "Signals" and they buy/sell based on that. I dont think thats trading, they cant earn in the long run.
Humans tend to make mistakes as well but what makes them different is their ability to learn from their mistakes and improvise.
The ones who don't learn from their mistakes eventually end up landing in trouble.
I agree that people should to trade as soon as they can so that make mistakes and improvise quickly.
But why do you have to learn from making mistakes? Why you have to enter the market and make all kind of mistakes and lose money because of them when you could read a few books and avoid most of them? Also I am not really a big fan of improvising when it comes to your trading, for what I have seen the most successful traders know very well when they want to enter the market, when they want to get out, why they are making that trade, how much money they are willing to risk and what are their chances to win that trade, they leave nothing up to chance and they do not improvise at all. The ones who don't learn from their mistakes eventually end up landing in trouble.
I agree that people should to trade as soon as they can so that make mistakes and improvise quickly.
I've actually made that big move where i just jump at trading after watching a couple of videos teaching about buying low and selling high cause i thought it was easy but after trading and lossing even though it was a little investment, to me it was stressing cause it was all the money i got. Right now im watching all these trading advice and price analysis to see and learn how expert trade, read charts and what to do next.
Humans tend to make mistakes as well but what makes them different is their ability to learn from their mistakes and improvise.
The ones who don't learn from their mistakes eventually end up landing in trouble.
I agree that people should to trade as soon as they can so that make mistakes and improvise quickly.
The ones who don't learn from their mistakes eventually end up landing in trouble.
I agree that people should to trade as soon as they can so that make mistakes and improvise quickly.
When people here that crypto trading can be helpful to make lot of money in very wuick time then they will jump into it without knowing enough knowledge.
They even don't know about wallets and exchange and at the end they will lose all their money and blame cryptos.
The most important part of the knowledge is to learn about safety(security), most investors do not even know what a hardware wallet is, how to use it or even how to purchase it, this should be the first things to learn as a cryptocurrency investor, how to protect your coins and keep them yours, if you have sufficiently acquired that knowledge, you can then step up to learn how to trade(probably paper trading )before investingThey even don't know about wallets and exchange and at the end they will lose all their money and blame cryptos.
As for safety, that is very basic and you can sure your secuity in 10 minutes. You can teach beginners safety and they can easy learn it. That's not the big problem in trading, people.
The big problem is that they keep on searching knowledge and information but they don't know how to apply it in the actual trading. That's the use of this threads, to know the basics of trading and later you will apply it. As you apply it, you'll get experiences.
Experiences is the key to become a professional trader. You'll learn the ups and downs of trading. That's the purpose of applying those knowledge, EXPERIENCE.
if you have a knowledge , safety will just come in effortlessly and why will you dont apply it when safety is the one that will make you secure your cryptos . learning it without applying it makes no sense at all . its like depositing and donating your money to scammers and hackers . why would you call a trader if he didnt know how to trade ? there are alot of them that can only be consider a trader wannabe . they shouldnt act like this because they arent cool anymore
When people here that crypto trading can be helpful to make lot of money in very wuick time then they will jump into it without knowing enough knowledge.
They even don't know about wallets and exchange and at the end they will lose all their money and blame cryptos.
The most important part of the knowledge is to learn about safety(security), most investors do not even know what a hardware wallet is, how to use it or even how to purchase it, this should be the first things to learn as a cryptocurrency investor, how to protect your coins and keep them yours, if you have sufficiently acquired that knowledge, you can then step up to learn how to trade(probably paper trading )before investingThey even don't know about wallets and exchange and at the end they will lose all their money and blame cryptos.
As for safety, that is very basic and you can sure your secuity in 10 minutes. You can teach beginners safety and they can easy learn it. That's not the big problem in trading, people.
The big problem is that they keep on searching knowledge and information but they don't know how to apply it in the actual trading. That's the use of this threads, to know the basics of trading and later you will apply it. As you apply it, you'll get experiences.
Experiences is the key to become a professional trader. You'll learn the ups and downs of trading. That's the purpose of applying those knowledge, EXPERIENCE.
I know there are some traders who count on pure luck. They think they don't need expertise and knowledge about cryptocurrencies and market. Such approach isn't for long term, you might have some beginners luck but that will past very quickly and soon you will find yourself in situation that you face losses and don't actually know what are you doing and why.
Such traders often think trading is like gambling, that is why they have such attitude.
Such traders often think trading is like gambling, that is why they have such attitude.
They're in this space because they want to "get rch quick" and they think cryptocurrency is the way to do this. In the late 1990's the same type of mentality were trading stocks on the NASDAQ
But who doesn't want to "get rich quick"?
Let's cut the crap here and be honest to ourselves, we all want to get extremely rich overnight (okay, let it be within a year or so). This is a dream, and it is totally fine to have dreams. It is what we actually do (and abstain from doing) to reach them that matters. If we are reckless and irresponsible when trying to get there, we will suffer. On the other hand, if we wisely take advantage of the moment ans opportunity, it is possible, at certain times
People who invested in Bitcoin earlier and had patience to wait enough (but not longer) were in fact able to get rich, and get rich fast at that, within a couple of years or even less. It was the case with the dotcom rush as well, and same with cryptocurrencies some 15 years later. The bottom line is that the cryptocurrency was actually the way to do this (not sure about now, though)
When you see a lot of people started trading in this system without proper knowledge about this one, so it's sad but true that they are not eager to learn anything before start trading in the cryptocurrency, I think every trader should learn a lot of things within every step of trading. but doing and learning is not a good way of making sense for me, so I think you have to learn properly before joining any platform, and this is the best way to learn by every step and which makes any traders perfect.
Even 2 years ago, I considered the Bounty Hunters to be very bad traders in most cases, because they earned cryptocurrency and immediately tried to sell it at a good price. But today the situation has changed significantly and each cryptocurrency user must learn to trade independently and effectively if he wants to make some kind of profit on the cryptocurrency market. Even those moments that are earned with the help of the Bounty companies are better used for trading, and not sell them without a trace.
I know there are some traders who count on pure luck. They think they don't need expertise and knowledge about cryptocurrencies and market. Such approach isn't for long term, you might have some beginners luck but that will past very quickly and soon you will find yourself in situation that you face losses and don't actually know what are you doing and why.
Such traders often think trading is like gambling, that is why they have such attitude.
Such traders often think trading is like gambling, that is why they have such attitude.
They're in this space because they want to "get rch quick" and they think cryptocurrency is the way to do this. In the late 1990's the same type of mentality were trading stocks on the NASDAQ.
Knowledge is power. The saying goes right in every sense. Anyone with knowledge has more opportunity in lives and better skills of survival. The more someone knows the better it is for his own safety and future. Traders of digital coin market should be fully aware with all the rules of this profession. In addition to this, the coin they intend to trade with must be learnt in depth first.
There is really good thing when you have a lot of knowledge, seems like you are superior with everything and cannot be easily manipulated by the market, whalers, fudders, fomo, as you can think well what could be happening, you can analyze and think of some strategies without any panic. So, having knowledge not only about the market, or how to trade but about the project as well will give you an advantage.
Knowledge is power. The saying goes right in every sense. Anyone with knowledge has more opportunity in lives and better skills of survival. The more someone knows the better it is for his own safety and future. Traders of digital coin market should be fully aware with all the rules of this profession. In addition to this, the coin they intend to trade with must be learnt in depth first.
There is really good thing when you have a lot of knowledge, seems like you are superior with everything and cannot be easily manipulated by the market, whalers, fudders, fomo, as you can think well what could be happening, you can analyze and think of some strategies without any panic. So, having knowledge not only about the market, or how to trade but about the project as well will give you an advantage.
Knowledge is power. The saying goes right in every sense. Anyone with knowledge has more opportunity in lives and better skills of survival. The more someone knows the better it is for his own safety and future. Traders of digital coin market should be fully aware with all the rules of this profession. In addition to this, the coin they intend to trade with must be learnt in depth first.
There is really good thing when you have a lot of knowledge, seems like you are superior with everything and cannot be easily manipulated by the market, whalers, fudders, fomo, as you can think well what could be happening, you can analyze and think of some strategies without any panic. So, having knowledge not only about the market, or how to trade but about the project as well will give you an advantage.
It pains me to watch new traders jump in head first without first learning what to do.
Some are smart enough to go at it with just a tiny amount of money at first...
...but most don't.
Only a tiny portion of new traders actually put in the effort to learn the ropes before they start.
Maybe the thought of having to do all that research themselves is overwhelming, and they’re not interested in investing in their education either.
Whatever it is, they're setting themselves up for failure.
It doesn't matter if you're a natural, if you don't learn about what you're doing, success is a gamble with terrible odds.
My cat is a perfect example of that. Cats are purpose built to be the ultimate killing machines, but my cat has no idea how to hunt.
She tried to chase after a spider this morning, but spent more time dancing around it than actually swiping at it. Plus, she constantly lost track of the thing and would start to wander off.
She's not the smartest cat on the block by any means, but the reason she's a terrible hunter is because she never learned how to do it properly.
If I didn't feed her every day, she'd be toast.
If a cat whose nature it is to hunt can’t do so without being taught, what chance do traders have without solid education?
Statistically, 96% of traders lose money or give up. How many of those never took it seriously enough to truly learn?
The only way to beat those kinds of odds are to give yourself every advantage possible.
That includes taking the time to study and learn.
If you've made it this far, and you haven't been taking trading seriously, remember the old saying, “Time is money, and money buys time.”
Are you maximizing your time?
Some are smart enough to go at it with just a tiny amount of money at first...
...but most don't.
Only a tiny portion of new traders actually put in the effort to learn the ropes before they start.
Maybe the thought of having to do all that research themselves is overwhelming, and they’re not interested in investing in their education either.
Whatever it is, they're setting themselves up for failure.
It doesn't matter if you're a natural, if you don't learn about what you're doing, success is a gamble with terrible odds.
My cat is a perfect example of that. Cats are purpose built to be the ultimate killing machines, but my cat has no idea how to hunt.
She tried to chase after a spider this morning, but spent more time dancing around it than actually swiping at it. Plus, she constantly lost track of the thing and would start to wander off.
She's not the smartest cat on the block by any means, but the reason she's a terrible hunter is because she never learned how to do it properly.
If I didn't feed her every day, she'd be toast.
If a cat whose nature it is to hunt can’t do so without being taught, what chance do traders have without solid education?
Statistically, 96% of traders lose money or give up. How many of those never took it seriously enough to truly learn?
The only way to beat those kinds of odds are to give yourself every advantage possible.
That includes taking the time to study and learn.
If you've made it this far, and you haven't been taking trading seriously, remember the old saying, “Time is money, and money buys time.”
Are you maximizing your time?
You're absolutely right - it's crucial that new traders do enough research and educate themselves. Too many people jump in without even knowing the basics, and make huge losses.
Most people are not good at trading
And they will never be no matter how much they could be studying the subject. The irony is that in order to find out whether you are capable of profitable trading in the long run (i.e. beyond pure luck), you should actually engage in this activity, i.e. start trading. In this way, if you can't be a trader, you will most likely end up losing a pile of money. And what adds insult to injury here is the fact that successful traders often lose money too when they are new to trading (as everyone is a novice trader at first)
And they will never be no matter how much they could be studying the subject. The irony is that in order to find out whether you are capable of profitable trading in the long run (i.e. beyond pure luck), you should actually engage in this activity, i.e. start trading. In this way, if you can't be a trader, you will most likely end up losing a pile of money. And what adds insult to injury here is the fact that successful traders often lose money too when they are new to trading (as everyone is a novice trader at first)
We don't know what people are doing with their everyday life, how are they, what are their skills and capabilities. I've known some persons who has eagerness and willingness to learn, they are really doing their best to study it but they can't really make it, they are having hard time to learn it maybe because they do have lack of time and it's not their line of business
Hard learning is nowhere near enough
I mean no matter how hard you learn in order to trade profitably and become a successful trader, you simply may not have it in yourself. Your capacity for long-term profitable trading should be sort of built in or hard-wired in your brain chemistry. In other words, if you are not internally built for it, no amount of learning is going to help
If anything, you should start from rewiring your mental setup which on its own has nothing to do with trading as such. But is it really worth the effort, time and money if the positive outcome is far from guaranteed? To put it differently, you can't become an Einstein in anything unless you are already born into that Einsteiness
Most people are not good at trading
And they will never be no matter how much they could be studying the subject. The irony is that in order to find out whether you are capable of profitable trading in the long run (i.e. beyond pure luck), you should actually engage in this activity, i.e. start trading. In this way, if you can't be a trader, you will most likely end up losing a pile of money. And what adds insult to injury here is the fact that successful traders often lose money too when they are new to trading (as everyone is a novice trader at first)
We don't know what people are doing with their everyday life, how are they, what are their skills and capabilities. I've known some persons who has eagerness and willingness to learn, they are really doing their best to study it but they can't really make it, they are having hard time to learn it maybe because they do have lack of time and it's not their line of business.
Most people are not good at trading
And they will never be no matter how much they could be studying the subject. The irony is that in order to find out whether you are capable of profitable trading in the long run (i.e. beyond pure luck), you should actually engage in this activity, i.e. start trading. In this way, if you can't be a trader, you will most likely end up losing a pile of money. And what adds insult to injury here is the fact that successful traders often lose money too when they are new to trading (as everyone is a novice trader at first)
We don't know what people are doing with their everyday life, how are they, what are their skills and capabilities. I've known some persons who has eagerness and willingness to learn, they are really doing their best to study it but they can't really make it, they are having hard time to learn it maybe because they do have lack of time and it's not their line of business.
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