WHAT DID YOU STUDY? WHAT DID YOU LEARN? - page 4.

len01

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Quote from: JoyMarsha on September 26, 2022, 06:24:26 AM

What stops us the most from becoming master traders?

everything that deals with crypto is very risky but it all comes back to each of us whether we take that risk or not at all.
maybe you think a pro trader has never felt a loss as experienced by novice traders. In fact, even pro traders also experience losses when trading. considering that volatile crypto is very difficult to learn and the analysis is only limited to minimizing losses. so that the losses experienced by pro traders and novice traders are the same, it's just that the amount of losses experienced is different, pro traders can minimize losses and novice traders will lose more.
and actually trading is more about luck, even though they are good at analyzing the market but when he is unlucky he may also experience losses IMO

Oceat

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Quote from: goaldigger on September 28, 2022, 04:19:23 PM

Quote from: JoyMarsha on September 26, 2022, 06:24:26 AM

Every worth education or training should give us the skills that are applicable in other aspects of life. But in crypto, it is never like that. We keep learning every day in crypto

What stops us the most from becoming master traders?

Trading is not for everyone, we all have different risk tolerance and our educational background doesn’t affect if you want to become a trader or not. Learning is not easy as well, this is not the focus of many because there’s no assurance here that you can make money and the probability to lose on your trade is very high. Mastering trading can be more rewarding, but only those who are dedicated to become a good trader will be able to reach that level, the rest will just remain as a trader.

There's a fine line between master traders and risk takers but the most important part is taking the experience and learning from it. Dedicated one's will always enjoy the fruit of their sacrifices at the end but not everyone will have the same cost for learning how to become a master trader.

Everyone can be a trader but what stopping them was their self, their laziness to learn or to study how master traders do it. They just lack of motivation but once they got it I'm sure they were ready to risk almost everything just to reach that level of mastery.

Rengga Jati

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In fact, in crypto forums, we don't care who is behind each of us, what is his profession, and also what is his background study.
But what is certain is how it is thought, its application, acceptance of differences, new things, challenges, new knowledge, and various risks. The ability to be able to accept and manage this will all depend on each individual. Maybe indeed someone with a certain study background will have advantages in certain fields, but that does not mean that it will always be successful. Because after all, the combination of self-ability, education, and also self-development to continue to learn here is what is important, balanced with the ability to always learn to control and control our emotions. Because as smart and as great as anything, when we are not able to control our emotions in trading activities, then we will fall and get stressed more easily.

goaldigger

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Quote from: JoyMarsha on September 26, 2022, 06:24:26 AM

Every worth education or training should give us the skills that are applicable in other aspects of life. But in crypto, it is never like that. We keep learning every day in crypto

What stops us the most from becoming master traders?

Trading is not for everyone, we all have different risk tolerance and our educational background doesn’t affect if you want to become a trader or not. Learning is not easy as well, this is not the focus of many because there’s no assurance here that you can make money and the probability to lose on your trade is very high. Mastering trading can be more rewarding, but only those who are dedicated to become a good trader will be able to reach that level, the rest will just remain as a trader.

justdimin

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Quote from: doomloop on September 28, 2022, 05:41:10 AM

What about those professional traders? You can't just disregard them or their skills. They have a high success rate in trading. Those who fail woefully could mean that they need to practice a lot. The results in our crypto trade will depend on what we study but do you think it's easy on why would someone perfect it? Even studying in a real school is hard but it takes dedication and as you can see there are still many drop outs.

What teaches us in trading is on how to work under pressure and on how to have a self control. What we learn here in crypto trading can also be applied in real life and you will notice that all seems easy. That is because trading is hard and we are used to that already.

Unfortunately trading is such a risky thing that we are talking about something that could make you richer, like from 100 dollars to 10 million dollars, but we are also talking about the reverse as well where your 10 million dollars could become 100 dollars. Even the professional traders could end up with a loss in the long run, there are periods where they are in the negative as well.

Warren Buffet is the greatest investor in the world and he had years where he lost a lot of money, even as close to as 50% it could get. So we should not be expecting everyone to find a way to make money every single time because even the professional ones can't do it.

Lanatsa

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Quote from: rozak on September 28, 2022, 12:20:42 PM

Quote from: _BlackStar on September 28, 2022, 11:23:11 AM

Quote from: JoyMarsha on September 26, 2022, 06:24:26 AM

What stops us the most from becoming master traders?

Laziness and feeling superior, but there is another important point and that is greed.

Trading is an activity that involves risk where you really need to understand what risks need to be avoided. You can't completely avoid risk especially about the possible losses you will experience when the price drops, but when you invest a lot of time in learning then you may be able to minimize the risk. Don't be lazy to learn, stay optimistic and don't be afraid to take risks if you really believe that crypto is a potentially good asset in the long term. Remember, only bitcoin can convince me in the long term, the rest is very doubtful especially for non-top 10 altcoin.

I guess greed is a pretty tough late-stage risk for a trader looking to get better at. Many traders may not realize that they are being hypnotized by the market to continue playing the trade and do not consider the bigger risks.
but when a trader manages to master his emotions so as not to be greedy for market potential. it will make the merchant skills even better.
not many crypto traders take the time to learn to trade. The market situation is always changing, and that is why traders must constantly improve their skills. especially in market analysis.

You should really be that versatile so that you would really be having that mindset to make things right specially on this market where it is really truly unpredictable.Learning would really be a never ending process

which does basically means that you would be continuing to learn as you do go ahead with your trading,with lots of different variations and conditions then it would be impossible that you wouldnt
really be making any analysis of it.

You would soon realize lots of things as you do go along the way.Learning will really be earned.

AakZaki

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become a master trader? I did not imagine before, even a master trader could even suffer losses due to market conditions that are not as desired. Psychology is an important part that will stop anyone from becoming a master trader or you can say a professional trader. Psychology is all about patience and greed because they are human nature. it is difficult to train psychology to get used to market conditions that are beyond prediction. and the strategy that has been made from the beginning of course must be carried out properly, do not violate the rules on the strategy that has been made. and besides that, risk and financial management is also one of the important things.
Many will influence someone to become a master trader or professional trader.

coinerer

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Quote from: rozak on September 28, 2022, 12:20:42 PM

Quote from: _BlackStar on September 28, 2022, 11:23:11 AM

Quote from: JoyMarsha on September 26, 2022, 06:24:26 AM

What stops us the most from becoming master traders?

Laziness and feeling superior, but there is another important point and that is greed.

Trading is an activity that involves risk where you really need to understand what risks need to be avoided. You can't completely avoid risk especially about the possible losses you will experience when the price drops, but when you invest a lot of time in learning then you may be able to minimize the risk. Don't be lazy to learn, stay optimistic and don't be afraid to take risks if you really believe that crypto is a potentially good asset in the long term. Remember, only bitcoin can convince me in the long term, the rest is very doubtful especially for non-top 10 altcoin.

I guess greed is a pretty tough late-stage risk for a trader looking to get better at. Many traders may not realize that they are being hypnotized by the market to continue playing the trade and do not consider the bigger risks.
but when a trader manages to master his emotions so as not to be greedy for market potential. it will make the merchant skills even better.
not many crypto traders take the time to learn to trade. The market situation is always changing, and that is why traders must constantly improve their skills. especially in market analysis.

In addition to the benefits of cryptocurrency, there are some disadvantages. A trader should measure the advantages as well as the disadvantages and then trading. For this, a trader must first know all these things. In crypto those are successful who know more. There is no ending to learn. However, there are some basic things if these are disappear in trader that will disrupt trading activities.

The people who are already trading are facing various problems. If they can solve the problems, they are likely to become a Pro Trader. A trader has to learn to analyze. He has to gain good skills in both the Fundamental and Technical aspects. He has to rectify a variety of things, including trading graphs and trading tools etc. Then it is possible to be a good trader.

rozak

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Quote from: _BlackStar on September 28, 2022, 11:23:11 AM

Quote from: JoyMarsha on September 26, 2022, 06:24:26 AM

What stops us the most from becoming master traders?

Laziness and feeling superior, but there is another important point and that is greed.

Trading is an activity that involves risk where you really need to understand what risks need to be avoided. You can't completely avoid risk especially about the possible losses you will experience when the price drops, but when you invest a lot of time in learning then you may be able to minimize the risk. Don't be lazy to learn, stay optimistic and don't be afraid to take risks if you really believe that crypto is a potentially good asset in the long term. Remember, only bitcoin can convince me in the long term, the rest is very doubtful especially for non-top 10 altcoin.

I guess greed is a pretty tough late-stage risk for a trader looking to get better at. Many traders may not realize that they are being hypnotized by the market to continue playing the trade and do not consider the bigger risks.
but when a trader manages to master his emotions so as not to be greedy for market potential. it will make the merchant skills even better.
not many crypto traders take the time to learn to trade. The market situation is always changing, and that is why traders must constantly improve their skills. especially in market analysis.

_BlackStar

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Quote from: JoyMarsha on September 26, 2022, 06:24:26 AM

What stops us the most from becoming master traders?

Laziness and feeling superior, but there is another important point and that is greed.

Trading is an activity that involves risk where you really need to understand what risks need to be avoided. You can't completely avoid risk especially about the possible losses you will experience when the price drops, but when you invest a lot of time in learning then you may be able to minimize the risk. Don't be lazy to learn, stay optimistic and don't be afraid to take risks if you really believe that crypto is a potentially good asset in the long term. Remember, only bitcoin can convince me in the long term, the rest is very doubtful especially for non-top 10 altcoin.

Inspiron14

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Quote from: Silberman on September 27, 2022, 11:03:32 PM

Quote from: JoyMarsha on September 26, 2022, 06:24:26 AM

The btt forum has brought many of us together in respect of our academic qualifications, background and tribe but still, we fail woefully when it comes to crypto trading. If crypto is judged by what we studied, many of us would have been so perfect in it.

Quote

*A doctor's diagnostic ability, patience, and kindness;

*An Engineer's accuracy, critical thinking, and improvisation;

*An accountant's logic of balancing the two sides of an account;

*An investor's risk-taking and foresight

*A farmer's patience in nurturing produce, and managing gains and losses;

*An entrepreneur's ruggedness to deal with the challenges of business, and so on.

Every worth education or training should give us the skills that are applicable in other aspects of life. But in crypto, it is never like that. We keep learning every day in crypto

What stops us the most from becoming master traders?

In my opinion most people never even start their learning journey and that is the biggest problem, they come to this market thinking they already know it all despite being completely ignorant about this market, trading and investing in general, so they come to the market with all the confidence in the world but none of the knowledge and they get destroyed by the whales, good traders and scammers and then they complain about it, but surprisingly this is not enough to force them to start their learning journey.

Accept it or not but the fact is more or less like that that many people start investing but do not have basic knowledge,
We all know that the crypto market is difficult to predict and without any preparation, it is very likely that he will just lose

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: JoyMarsha on September 26, 2022, 06:24:26 AM

The btt forum has brought many of us together in respect of our academic qualifications, background and tribe but still, we fail woefully when it comes to crypto trading. If crypto is judged by what we studied, many of us would have been so perfect in it.

You cant assume that people will be good in the job that do in real life and crypto trading. These things are not related. Many educated people actually abhor any sort of speculative trading.

Quote

Every worth education or training should give us the skills that are applicable in other aspects of life. But in crypto, it is never like that. We keep learning every day in crypto

Not every work title is like that. You are trying to generalize things that cannot be connected. It is like saying that because someone know how to grow fruits, they must be a master in growing their portfolio - see it that way and you will realize your folly.

Quote

What stops us the most from becoming master traders?

Nobody is a master trader, in fact trading is not something one can master. It is a speculative market and losses are the common thing here. The point is to buy low and sell high and keep patience in between. The one who does this cycle properly will profit.

Apocollapse

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Experience, that's the reason why most people aren't become a professional trader.

I believe many people will always watch youtuber doing trading and learn how they can make profit, learn about candlestick, trend and pattern, learn money management, learn self control, learn to choose best exchange with very low fees, learn to use trading bot etc. But it still not enough because you're not experienced and can't predict the market goes where.

doomloop

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Quote from: JoyMarsha on September 26, 2022, 06:24:26 AM

Every worth education or training should give us the skills that are applicable in other aspects of life. But in crypto, it is never like that. We keep learning every day in crypto

What stops us the most from becoming master traders?

What about those professional traders? You can't just disregard them or their skills. They have a high success rate in trading. Those who fail woefully could mean that they need to practice a lot. The results in our crypto trade will depend on what we study but do you think it's easy on why would someone perfect it? Even studying in a real school is hard but it takes dedication and as you can see there are still many drop outs.

What teaches us in trading is on how to work under pressure and on how to have a self control. What we learn here in crypto trading can also be applied in real life and you will notice that all seems easy. That is because trading is hard and we are used to that already.

xzy887

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Quote from: JoyMarsha on September 26, 2022, 06:24:26 AM

What stops us the most from becoming master traders?

To become a master trader you must follow 3 things.
1. Acquire good knowledge about trading.
2. Taking occasional risks while trading.
3. Be very patient while trading.

for example
Knowledge: You can never become a successful trader if you do not acquire good knowledge about trading. And so there is no substitute for acquiring knowledge about trade to become a master trader.

Risk: And as much knowledge as you gain. Sometimes you will trade with risk yourself, then you will understand the weakness in your trade and in the future you will be able to correct your mistakes and become a master trader.

Patience: And the most important thing is patience. If you ever get lost in trading then never be disappointed. Also you can learn to become a master trader from there.

Silberman

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Quote from: JoyMarsha on September 26, 2022, 06:24:26 AM

The btt forum has brought many of us together in respect of our academic qualifications, background and tribe but still, we fail woefully when it comes to crypto trading. If crypto is judged by what we studied, many of us would have been so perfect in it.

Quote

*A doctor's diagnostic ability, patience, and kindness;

*An Engineer's accuracy, critical thinking, and improvisation;

*An accountant's logic of balancing the two sides of an account;

*An investor's risk-taking and foresight

*A farmer's patience in nurturing produce, and managing gains and losses;

*An entrepreneur's ruggedness to deal with the challenges of business, and so on.

Every worth education or training should give us the skills that are applicable in other aspects of life. But in crypto, it is never like that. We keep learning every day in crypto

What stops us the most from becoming master traders?

In my opinion most people never even start their learning journey and that is the biggest problem, they come to this market thinking they already know it all despite being completely ignorant about this market, trading and investing in general, so they come to the market with all the confidence in the world but none of the knowledge and they get destroyed by the whales, good traders and scammers and then they complain about it, but surprisingly this is not enough to force them to start their learning journey.

danherbias07

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For me it's simple, you cannot have it all.
If there's availability for an individual to be a master in trading then businesses like exchange and trading platforms will be gone.
Why would they even bother opening if they knew someone out there could take advantage of the market fluctuation and milk them with money?
I learned that in any coin, any trading pair, the risk is always paired to it.
You will have to be wise and patient to succeed.

batang_bitcoin

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Quote from: batang_bitcoin on September 26, 2022, 07:22:26 AM

Time and priorities IMO.
Not everyone has the full time to cover all the knowledge in trading. But those that have full time priorities in trading, they are the ones that never give up and aims to be full time traders.
There are people that are for trading and they're enduring all pains and hardships on it but, there are those that can't just do all of it and just gives up easily.

Not everyone could have enough time to learn everything just to become a master or professional trader while others are already contented with the basic knowledge as long as they're able to trade and make a profit. We have different priorities and some of us have to focus on our full-time job over crypto trading especially now that we're in the midst of a crisis wherein hustling is very important for us to survive. We could be masters in trading by just taking little steps at a time. We don't have to rush things out because it's a long process of learning.

Yeah, many are good already with what they know and that's having basic knowledge in trading. It's all that they need and want to know.
Unlike the others that would like to master it, they dedicate time on it and it's one of their priorities because they're seeing the significance of it and their growth towards trading. So, it's essential for them to allot most of their time, learning the techniques and strategies that they can have with trading.

el kaka22

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I have studied literature and many people think that it allows you to write better if you did that, but in reality it just allowed me to read and understand better. That is a marvellous skill to have in this day and age, because in a world of disinformation, understanding how to read things, and understanding what is real and what is not, seeing what has credible sources and what not, and constantly reading to learn more about things does allow a person to be wiser.

I am not saying I am wise, but at least I have the skills to help me become wise, and seeing how other people talk and understand things and respond, I have to say the level you need to be before you are considered a wise person is quite low in this world, and if you asked people almost everyone would say they are wise, unfortunately.

palle11

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Quote from: JoyMarsha on September 26, 2022, 06:24:26 AM

What stops us the most from becoming master traders?

Trading is not like the professional courses that you can study in class room and become a master of it whether in practical or in theory for other course of study, you can become master in theory and practical because you can know the configuration that will land you to your result. Therefore you can analyse your theory and do the practical leading you to same result but trading is not that way. You can analyse the theoritical aspect of trading but the practical doesn't really come out same way it was analysed and this is why we have more of market analysers and YouTube, telegram call groups because trading is not easy so they rely that way to make the money from others and not directly from the market Grin

Trading is complex because it involves different figures of market decision markers that you can't read their minds but only rely on figures, speculation and emotional sentiment. This is a major challenge for trading, it is more of practical than classroom learning.

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