Topic: What is the growth path or learning path for traders? (Read 633 times)

Trading is not always easy for many people due to the increased risk involved. Anyone comes to trading to make money, but you will almost certainly lose money since you must learn several tactics and determine which ones work best for you. If you are taking a significant risk in trading, it shows you have comprehended every step and believe in yourself that you will make a profit eventually. Any rookie that comes to trading fresh is extremely necessary for you to stake with a modest amount and have mentors that will be leading you through and he should not look at people's achievements.

he should focus on and stop looking people on. he can causes lose because you will be thinking you will stake higher so that you will win big profit and you don't know how many years they are on the trading before they become wealth on it. Someone who has recently started trading is hoping to make a large profit. He will undoubtedly be a difficult procedure because you will need to thoroughly research the market and gain the necessary expertise and experience to lead you through it. And if you are losing too much money in trading, it is best to remain calm and stop trading and go make an investment because not everyone can win in trading. Because some are greedy and lack patience.

There's no trick in trading but rather it do pertains about pure skill on which this is something that you wont really be able to learn in a short period of time on which it will really be just that right that you should be having that realistic approach at least towards on learning this specific skills. Career path is something that wont be too easy and it will be involved tons of time and effort before you will be able to have a good grasps into it. Growth will be basing up on how you will be able to find yourself into this career because if you are that serious on learning up this skill then you will definitely be needing to adjust accordingly and this path isnt something that easy to take. There would be tons of challenges and hardship that you will be able to encounter along the way and if you arent that good when it comes to this manner then you wont be able to survive. This market is volatile and make it sure that you do make yourself wary at least on what kind of market that you are dealing into so that on the moment that you do experience some loses then you can just easily move on, but of course its not something that you wont be having some reactions since we are just humans on which its normal that we do get pissed on the time that we do suffer up some loses on which this one is really that indeed normal into this aspect. There are really  those times that people do become confident and thats why they are bound to suffer tons of errors and mistakes due into this kind of behavior.

This simply means, most of our trading strategy today often rolls down on experience. First, you get to learn the skill, exemplify it several times and when you’re comfortable with it, that’s you begetting from the experience in using a strategy which you have built over time. It becomes unique to you and your learn to perfect it over time by repeating and redoing that strategy over and over again, even having to improve on it based on what the market is bringing. Best to know, one strategy never works every time.

The moment you know how to manage your risk then half of the problems is solved because that is one of the strongest challenges that traders face they always want to take excess profits and like thay they will increase the amount of risk they can digest and all this is not other than greed they always want to make money quick and you can not over do things when it comes to trading, because even in trading there is maturity when you we learn to do the right thing then everything will look a little better than just doing your thing without considering the fact that you have to grow.

Those that are trading blindly should continue people that when they don't make money they start blaming trading that it's not good for them, that is when you even see some of them doing revenge trading but we all learn everyday so there is no way that you won't make mistakes but majority can be avoided it is better things like this revenge trading and trading with emotion. With experience comes knowledge and with knowledge some things can also be avoided easily.

There are several factors that are critical, the first one is to not accept anything that you read at face value, there are an almost unlimited amount of systems out there when it comes to profit from the markets, and the only way to make sure the one you are using works is to test it, so take pen and paper and paper trade that strategy and if it does not work then you need to discard it, another factor that is often disregarded is your own state of mind, since it does not matter how effective your strategy could be, if you get cold feet and you do not use it when you have to.

Talking about theory, we can learn it in a very short time, but as you said, the implementation is what is difficult. We will find many differences and sometimes we think that there is nothing in theory at all. In addition, the mentality will also be very different.
When learning theory, we will not need a mentality, because we only read books or we only listen to mentors (if we have a mentor). However, when we jump directly into the market, our mentality will work because we bring real money to trade, which can be lost and can be profitable.
In my opinion, mentality is more difficult, because it will work within us and it will also affect emotions, while in trading we must be able to maintain our emotions.

Strategy can indeed be learned in a short time. But in its application, we will need time to finally be comfortable enough to trade. Trading cannot be learned overnight. There are several factors where the experience of trading that we have done ultimately becomes the most important in our next trading activities.
You are right; trading is unique. We can follow the procedures that we may have learned well. But the market situation forces us to adapt to some developments made by the traders themselves.

It would take time to learn skills and tricks in trading. Let us put it this way, it is not an overnight task to begin with. Every trade is unique, and from there, you will gain new insights that can equip you to execute the next trade.
I believe most of us started from scratch when it comes to crypto trading. So below are my learnings when it comes to crypto trading
> don't be scared to deposit on any trading (but as much as possible select the reputable ones) platform  - but deposit small and test if it will go thru, remember, for starters  - just by copying the address will give you paranoia
> use small funds to start with your trade, as much as possible, use the min amount to start a trade
> at least search for the alt that you are trading with
> if you are using DEX, check the gas fees and other fees involved, sometimes the fees are quite expensive and it is not worth executing the trade

The growth path of trading is to know how to manage the risk and the learning path of trading is to understand the things that you learn about Trading. To achieve success in trading, it's crucial to master two key aspects: risk management and knowledge application. Effective risk management enables traders to navigate market uncertainties, while understanding and applying trading knowledge empowers them to make informed decisions. Ultimately, trading success hinges on the trader's ability to balance risk management with the practical application of their skills and knowledge.

Experience would be the best teacher and we do all know that but surprisingly there are people who cant be able to understand the basics on which this do really ends up for them to have that kind of emotion on stopping up because they cant be able to sustain or bare out on the loses that they are making at the time that they do really have experienced the worst side of trading on which is to lose money. You are really that bound to lose money because market is unpredictable and there's no way that you could be able to avoid that no matter how experienced you are or having that kind of exposure towards this market. There's no assurance on this aspect but once you do gain up experience then you would be having the idea.

Learning path will come along if you do really know on what you are doing. There are really those individuals who will really be that just expecting that everything will really be just that alright and there are individuals who are really that persevere into the things that they are really that dealing into. If you dont really like to deal up with trading then you will really be just that easily quit and if you dont like to have that kind of experience because they are expecting something else or something positive on which this is really that very wrong.

Use Golden Ratio Trading Strategy.


This have 3

1) Enter at the break below the bottom of the Bollinger Bands.

2) Enter only when the candle forms a tail.

3) Enter when the chart wave retraces to 0.236.

4) Enter when there is a divergence.
* The probability of trend reversal increases when divergence is formed.

1) BB breakout, 2) divergence, 3) candle tail, 4) 0.236 retracement, etc.
The algorithm is designed to enter when these signals appear simultaneously.



In fact, I've used this strategy in my own trading and it's been very profitable.

Yeah right, it's your experience that will teach you how to adjust and move forward in case that you experience some loses, there's no assurance that you can keep winning as there's days or time that you'll failed to anticipate the next market movement especially inside crypto there are unexpected fluctuations that may take place without you anticipating your position.

Plus, there  are greed and fear that also affects your decision making when you are actively doing your trade sessions. 

One big downside with books is that not everything is that great when it comes to staying relevant for a long time. Sure there are some books about politics that was written during roman empire time that is still true today, aurelius or cicero wrote awesome stuff about politics that you can use even today, because politics is politics and there aren't really that much of a change on the long run, it's something we can always deal with and need to learn more about as well.

I believe that we are going to have some issues on the long run if we look at crypto trading related books though, because that is not something that can stay relevant and true for that long, not even for a full decade, it would be a totally different result after a few years.

No one can offer you the most solution to this as, we barely have any trader on the forum that is consistent in making profit. Everyone here still takes those losses if not everyday, once a while.
The most lesson I’ve had to learn in trading are the ones I taught myself, not from books but, lessons learnt the hard way from the charts while trading the market. Your going to make mistakes, your going to let emotions derail you a couple of times but each time these happens, you learn to recognize what was it you did wrong and correct it in the next:

Books might only give us an insight but the experience can still change when we are on the real scene already, especially for something that is unstable like the crypto market. By being aware of it, it can automatically tell us that a stable profit seems kinda hard to achieve. A regular profit is still possible though, same goes with winning in the long term but that is if we already grasp things. He said he read 'some' books, so that can mean that he already explored other areas but it may not be enough yet or he still miss the other, so he will need to keep on moving.

It is rug pull, not pool. And the ones that are affected the most here are the investors because traders can just trade the foreign/new alts quickly and replace it with the other once they are done.

Trading must start with careful planning and be supported by the right strategy. All traders want profits, so it is natural that they need to try harder to get them by doing analysis and so on. Trades that are not executed with a strategy may still be profitable, but in most cases, they tend to lose money in the end. They will almost certainly miss so many opportune moments to take profit, even if they don't lose.

It's up to them what pair they want to trade, it's not just bitcoin. As long as the assets being traded can give them a profit, then it doesn't matter in my opinion. As long as they know the risks of trading, they are free to do it according to their own wishes.

And you think that is enough to keep you winning or profiting for long time and regularly? You must expand your reading to other areas of trading, which includes how the price actions reacts, risk Management, and more importantly study the coin you are to trade it's very essential if not for btcusdt then any altcoin should be carefully monitored before entering trade otherwise you could be rugged pool.

It's need a lot of patience and continually studying how the market works, just like what you mentioned better to have that certain limit where you can minimize your loses, you need to continue finding the right patterns and better strategy that will going to fit your attitude towards this venue of investment.

You need to always be open with adjustments and changes which will allow you to compensate in each sessions that you place your investment.

Yes, that is also right because he should search for more information about the market situation and conditions and if necessary, he can also use other people analysis to combining with his analysis to find the right time to enter the market. It is good for a trader when they can gather as much info as they can because that will help and useful for them to find the coin which that can also help him to improve his skill in trading. A trader needs to have a good skill so he can learn from many ways and have many resources so that will gives him more opportunities to improve his skills.

There is no stable advantage in any trade, it's like a business, sometimes a loss sometimes profit and you cannot do it in every day you do trait, like the small example is this week you can get the profit and the previous week more losses are obtained, but you can see the average profit if you accumulate it in a matter of months or year for your trade activities, and you can share it in 12 months later you will be like looking at a stable advantage in each month when you share it to 12 months from the total calculation of the profit obtained in one year.

Things that need to be learned by you techniques and theories, maybe you will master it is quite easier in a matter of months if it is focused but there are things that are difficult to learn to become a good trader, namely learning to control our mentality in the market, and that is the most difficult and requires a lot of experience in the market.