Do you follow your mentor guidelines or do you follow your lust?

[Zadicar]

One thing is learning and another is following guidelines, just as when you get a product you read through the guidelines on how to make use of that product, but so many investors always neglect that  and go straight to  taking every decisions that comes to their mind. Most times i follow guidelines but in rare cases I follow my instincts looking at how the markets goes and it sure turn out well but it's best to stick to mentorship and advice.

Yes, having a mentor will of course speed us up in gaining insight or knowledge quickly, but this does not mean that what they teach is accurate or successful in various ways in every market situation. Therefore, it is important for us not only to rely on guides or mentors, but also for us to continue to learn independently or combine every indicator that has been taught before. Yes, of course every trader has a different style, some are successful and not necessarily suitable for us, and it is much better for us to determine our own trading style than to follow other people.

You are right that we should continue to learn ourselves, and not be stuck with what mentors say, but it is still important thy at newbies shouldn't make their own moves without mentors approval too. Obviously if the mentor is a shitty one that means it is not going to be easy at all, but that doesn't mean that we are going to end up with anything that will take a long time, we can't really end up with much issues if we deal with any of this, we just need to focus on how to make a better price in the end.

Many people focus on trying to make their move, but if you are brand new in the market then you can't really make much moves, it is not going to be that big and we can't really get away with that much of a profit.

You cant really be able to make yourself that just getting stuck with your mentor and following them forever or lets say that  you cant be able to make yourself that progressive if you are really just that relying on them forever. You would really be needing up to trust into yourself in regarding about into the actions that you are taking and not really just that being contented on what you do have currently now. Following your mentors guidelines isnt bad since this will really be that acting out that leading up into some potential good trades but of course just like been said that as the moment that you do earn your own learnings come from that real experiences along the way. Time will come that you will really be able to find yourself being having some good trades came from your own analysis.

[harapan]

Both no. My trading depends on when I need money; I mean, I only trade Bitcoin when I need to convert it to fiat or other cryptocurrencies because I have to. But in natural trading, of course, both can't avoid following your instinct that this crypto might go up. Just accept whether you lose or win in trading cryptocurrency. That's how it is sometimes you lose, sometimes you win in trading cryptocurrency.

Oh wow I see, that means you're trading for short term and you are possibly after getting money from it because trading on normal purposes it requires you to follow some necessary guidelines that will be of help to you along the line to either boost your win but depending on instincts most times doesn't guarantee you much win tho cause you get involved with a mindset of making certain decisions that won't be stable, so I think amongst all this having a backup plan by having a mentor matters alot.

[Adams0001]

What do you do and what is your success recorded, do you follow your mentor's guidelines and advice?

Do you follow your instincts and if yes what are the results you got in terms of the profits ratio against the loss ratio?

Crypto trading is hard and it's not something that a newbie should jump into because they received a 30 minutes lecture on YouTube. Having a professional trader that has years of experience as a mentor is a shortcut to understanding trading analysis better. What might take you months to master can be pointed out by an experienced mentor in a very short time so it pays to have a mentor that is willing to impart their knowledge to you. It's good to follow mentors guidelines but you can't be under their mentorship forever, from your experience you can also try other strategies while having what you're taught in mind.

Having a mentor can make it easier for newbies to achieve their goals in crypto, trading, or investing, and he can probably reduce your risk compared to other traders who rely solely on themselves. They have many traders who don't have mentors but have achieved their goals in trading, but if you ask him, he is the type of person who is patient, active, and always studying the markers. and seeing other people trade, on how they stake and used different strategies.

However, in my experience and understanding, having a mentor will help you learn more about trading, as he will guide you on how to trade and you will be able to employ some of his strategies in your own trades.  Having a mentor can help you gain confidence, experience, and conquer obstacles in all you do. He will remind you to never give up and will provide you with motivation, so you will undoubtedly be strong.  So a mentor is really beneficial, and he makes things go well for you.

[bitLeap]

What do you do and what is your success recorded, do you follow your mentor's guidelines and advice?

Do you follow your instincts and if yes what are the results you got in terms of the profits ratio against the loss ratio?

Having the right mentor and indeed guiding trading is the most ideal option but not all of us can have it even now to have a mentor you have to spend a subscription fee. Therefore as a small trader whose trading ratio is not as big as other traders, I prefer to maximize the way to trade with my own practice. Although the failure rate is higher, based on experience that is continuously updated, it can provide many plus points. As long as we are able to accept new learning and are open to suggestions from several sources, we will slowly be able to become good traders.

[Odusko]

What do you do and what is your success recorded, do you follow your mentor's guidelines and advice?

Do you follow your instincts and if yes what are the results you got in terms of the profits ratio against the loss ratio?

Having the right mentor and indeed guiding trading is the most ideal option but not all of us can have it even now to have a mentor you have to spend a subscription fee. Therefore as a small trader whose trading ratio is not as big as other traders, I prefer to maximize the way to trade with my own practice. Although the failure rate is higher, based on experience that is continuously updated, it can provide many plus points. As long as we are able to accept new learning and are open to suggestions from several sources, we will slowly be able to become good traders.

Learning to trade with your guide without a mentor could be hard anyways, but in the end, if you can be able to afford your way through the whole crisis and be able to come out successful in the end, you be one of the most brutal traders since you learn in a hard way, having a mentor is like having a baby seater at home or make the job of raising kid easier compared to someone who has to do the baby seating on they own without a helper, so for sure trading could be a lot easier with the help of a mentor, but that does not stop us from learning on our own, cryptocurrency trading is a high-risk thing and at that, we have to apply every necessary caution that reduces that risk of volatilities in the cryptocurrency market and still be able to make profits.

[kingvirtus09]

Both no. My trading depends on when I need money; I mean, I only trade Bitcoin when I need to convert it to fiat or other cryptocurrencies because I have to. But in natural trading, of course, both can't avoid following your instinct that this crypto might go up. Just accept whether you lose or win in trading cryptocurrency. That's how it is sometimes you lose, sometimes you win in trading cryptocurrency.

Oh wow I see, that means you're trading for short term and you are possibly after getting money from it because trading on normal purposes it requires you to follow some necessary guidelines that will be of help to you along the line to either boost your win but depending on instincts most times doesn't guarantee you much win tho cause you get involved with a mindset of making certain decisions that won't be stable, so I think amongst all this having a backup plan by having a mentor matters alot.

If you have a mentor who guides you in trading, you can say that you are very lucky, but if the mentor is just because you watch YouTube and it helps you with your trading skills, then that is also good.

but if you have a mentor who only teaches you because you pay for his teaching, I think it is better to just self-study, because what you will pay him is better to have him buy some of the top altcoins and then hold them while studying crypto trading, what do you think? isn't good or bad idea?

[CroverNo01]

If you have a mentor who guides you in trading, you can say that you are very lucky, but if the mentor is just because you watch YouTube and it helps you with your trading skills, then that is also good.

but if you have a mentor who only teaches you because you pay for his teaching, I think it is better to just self-study, because what you will pay him is better to have him buy some of the top altcoins and then hold them while studying crypto trading, what do you think? isn't good or bad idea?

Crypto trading is not everyone, some people just tag along simply because they're having FOMO in the system. Secondly, what's with you people with following guidelines of mentors in crypto? For me, I've no business with these mentors, rather I see them as crypto tutors that enlighten our mind concerning the trends of crypto. They simply exists to safeguard one into making good decisions in the market, knowing when to buy and sell your crypto, nothing more or less.

There are new developments in the market, gone are those days when one will sit down reluctantly and expects the market to trigger bullish candles on almost every coin accumulated in his or her portfolio. This time, you'll work out personally to get anticipated in the system, you learn, work and earn and no longer following few easy steps.

Mentors are not bad to have, don't misinterpret my view, I'm just saying it's more comfortable and better to place trades on your own without interferences from third party. Just you and your crypto exchange doing what you're meant to do. I can have a crypto tutor and not a mentor because we'll never know what the market have in place for most of us, our destinies do differ when we come across crypto.

[Wakate]

Both no. My trading depends on when I need money; I mean, I only trade Bitcoin when I need to convert it to fiat or other cryptocurrencies because I have to. But in natural trading, of course, both can't avoid following your instinct that this crypto might go up. Just accept whether you lose or win in trading cryptocurrency. That's how it is sometimes you lose, sometimes you win in trading cryptocurrency.

Oh wow I see, that means you're trading for short term and you are possibly after getting money from it because trading on normal purposes it requires you to follow some necessary guidelines that will be of help to you along the line to either boost your win but depending on instincts most times doesn't guarantee you much win tho cause you get involved with a mindset of making certain decisions that won't be stable, so I think amongst all this having a backup plan by having a mentor matters alot.

Having a mentor is very important in trading and sometimes some traders do fell like they don't need a mentor so they have to relax and do everything on their own. That is a big mistake and many traders need to abolish that because it does not really make a head trying to do everything on your own when you don't have the full understanding about the market and how to maneuver in time of uncertainty. Trading is very tasking and that's why we keep seeing more people failing as traders because they are not ready to do the necessary things that would increase their knowledge about the market. Experience is also need in the market which is why it's necessary to have a mentor as a trader.

[boyptc]

but if you have a mentor who only teaches you because you pay for his teaching, I think it is better to just self-study, because what you will pay him is better to have him buy some of the top altcoins and then hold them while studying crypto trading, what do you think? isn't good or bad idea?

That's BS.

These mentors that would like to teach than to make money for themselves, they're only in it because they can easily make money from those newbies.

I agree to just self study but maybe some of their personal experience and teachings could be of useful for someone who aspires to become a full time trader.

[mirakal]

but if you have a mentor who only teaches you because you pay for his teaching, I think it is better to just self-study, because what you will pay him is better to have him buy some of the top altcoins and then hold them while studying crypto trading, what do you think? isn't good or bad idea?

That's BS.

These mentors that would like to teach than to make money for themselves, they're only in it because they can easily make money from those newbies.

I agree to just self study but maybe some of their personal experience and teachings could be of useful for someone who aspires to become a full time trader.

Not all of them are just concerned about themselves and the intention to just milk newbies because some of them are dedicated to their role in helping newcomers.

Choosing the right mentor for us is quite difficult. That is why it is encouraged to just do it on our own. The availability of information online makes it easy for us to learn. But it is a different experience if we have a mentor who guides us, as I believe it was fast and easy for us to understand, especially on technical issues.

I won't say it is not necessary, but if we can afford to acquire a mentor, it is a good idea. Provided that it is reliable and can be trusted.

[Pandu Geddon]

but if you have a mentor who only teaches you because you pay for his teaching, I think it is better to just self-study, because what you will pay him is better to have him buy some of the top altcoins and then hold them while studying crypto trading, what do you think? isn't good or bad idea?

That's BS.

These mentors that would like to teach than to make money for themselves, they're only in it because they can easily make money from those newbies.

I agree to just self study but maybe some of their personal experience and teachings could be of useful for someone who aspires to become a full time trader.

Not all of them are just concerned about themselves and the intention to just milk newbies because some of them are dedicated to their role in helping newcomers.

Choosing the right mentor for us is quite difficult. That is why it is encouraged to just do it on our own. The availability of information online makes it easy for us to learn. But it is a different experience if we have a mentor who guides us, as I believe it was fast and easy for us to understand, especially on technical issues.

I won't say it is not necessary, but if we can afford to acquire a mentor, it is a good idea. Provided that it is reliable and can be trusted.

The problem is how we find the right mentor. If you have a friend who is willing to help, even though they are not very professional in trading, for a beginner in trading I think that is enough. For other knowledge in further development can be learned by yourself. Indeed if it is difficult to find a suitable mentor, it is better to do it yourself. Although it is possible that the development will be slower, at least slowly it can grow self-confidence with your own efforts.

[boyptc]

That's BS.

These mentors that would like to teach than to make money for themselves, they're only in it because they can easily make money from those newbies.

I agree to just self study but maybe some of their personal experience and teachings could be of useful for someone who aspires to become a full time trader.

Not all of them are just concerned about themselves and the intention to just milk newbies because some of them are dedicated to their role in helping newcomers.

Choosing the right mentor for us is quite difficult. That is why it is encouraged to just do it on our own. The availability of information online makes it easy for us to learn. But it is a different experience if we have a mentor who guides us, as I believe it was fast and easy for us to understand, especially on technical issues.

I won't say it is not necessary, but if we can afford to acquire a mentor, it is a good idea. Provided that it is reliable and can be trusted.

Expect for the very few that you've mentioned.

You're right that a newbie needs to find a respectable mentor that really is in it for the teachings. I've seen a lot of courses paid and free and there are also those that are experienced that don't ask for any money.

So, if a newbie is out and wanting to find a good mentor. They can easily know that if every material is given, they're asked to pay.

[stomachgrowls]

That's BS.

These mentors that would like to teach than to make money for themselves, they're only in it because they can easily make money from those newbies.

I agree to just self study but maybe some of their personal experience and teachings could be of useful for someone who aspires to become a full time trader.

Not all of them are just concerned about themselves and the intention to just milk newbies because some of them are dedicated to their role in helping newcomers.

Choosing the right mentor for us is quite difficult. That is why it is encouraged to just do it on our own. The availability of information online makes it easy for us to learn. But it is a different experience if we have a mentor who guides us, as I believe it was fast and easy for us to understand, especially on technical issues.

I won't say it is not necessary, but if we can afford to acquire a mentor, it is a good idea. Provided that it is reliable and can be trusted.

Expect for the very few that you've mentioned.

You're right that a newbie needs to find a respectable mentor that really is in it for the teachings. I've seen a lot of courses paid and free and there are also those that are experienced that don't ask for any money.

So, if a newbie is out and wanting to find a good mentor. They can easily know that if every material is given, they're asked to pay.

Actually you can make yourself a self learn trader it is really just that not all people would really be that wanting nor liking for them to do the hard work and they would want that short cut way.
This is why at the moment that they would be wanting to learn something and they do have the funds on their pockets then they will really be wanting to have a mentor to learn up the way. Actually its not really that bad as long you do know or able to absorb all of the learnings and things on what your mentor is really that showing or really that teaching into you. Although not all mentors are good but at least if you do seek up some guidance then it its not really that bad. On the moment that you do become that confident into your skills then this is the the time that you will be trying out to make up some own decisions on your trading.

For those who are really just that self learn is that it isnt mean that they dont have the money, it is really just that they do want to learn up things on their own and since information could really be that see or search through net then this wont really be that an issue. There are really just that those times or moments that you will be feeling up tired or overload but once you do have that able to get a good grasps of it then you will gradually be able to learn up and being progressive.

[WeedGoW]

I have no mentor and what I do to keep winning is just following the right trading path, the only thing that holds me back is that I don't really want to trade with big margin as part of my risk management but also hardly making me big profit in one go but I'm already content anyway.

I can say that my win rate is pretty good, though scattered across various exchange so I can't summarize but I've been doing pretty well, the thing that help me stay profitable is risk management and only trading when risk is at low level and what I mean by that is, if sudden dump occurs like BTC going down from $102k to $92k suddenly, i will open long position, wait for the market to go back up again and take my profit. there's a catch though, such event doesn't happen too often so you'd trade probably 2-3x a week, but I can assure you that everytime that happens and you happen to ride the train, you'd profit good.

I always do that and getting profit is easy. there's sometime when price just keep tanking and I got my SL triggered but it's just small loss, after all the essence of trading is profitting big and limit lose.

I like your trading style. I am a small trader. I’m learning slowly and seeing big investment history as well as small investment. I’ve already received profitable profits in many small investments. When I give or open the currency requirement in any other kip, I monitor the price movement trading and support-resistance level well and ensure it. When I go with a trading I watch very well and try to make the right decision. But if someone trains your strategies and methods properly, he will quickly become a trader.

[Oluwa-btc]

You know it's useless if you hire a mentor but fail to follow its teachings and advices. You have to pay its mentorship, so you have to strictly follow his methods and suggestions for you to be guided.

However, trading with a mentor cannot still guarantee sure profitability. Although there would be higher rate of success, but sometimes there are sudden factors that will influence the market, thus making your trade not favored by the market. And if ask if I am trading following my instinct, I hate to admit but yes. That's why I trade with my emotions on it, reason why I mostly fail in my trades.

Paying for a mentor and then failing to follow on their teachings is contradictory, as if the trading student was to do that, they might as well save themselves that money, learn on their own and trade based on what they learned, since in this case you are saving yourself the mentor fee, which can be quite high, as I have seen mentors charging thousands of dollars for a conference with hundreds of people, so I cannot even imagine how much they would charge for personalized classes.

That decision depends on you because you obviously didn't value the importance of mentorship education and inviarably that investment will become a waste to you.There should be no need to hire a mentor since you know that you won't be attaining or benefitting from the courses taught.Seriously people are responsible in endangering their finances and personal values and that act shows and implies indiscipline.

[dansus021]

What do you do and what is your success recorded, do you follow your mentor's guidelines and advice?

Do you follow your instincts and if yes what are the results you got in terms of the profits ratio against the loss ratio?

Do you follow your mentor guidelines?

- First of all I have no mentor, my true mentor is experienced itself that gain from lot of losses and who taught me trading is basically internet an article and some youtube video. I just combine multiple strategy and create my own strategy that feels right to me.

- My profit and loss ration all of the time is still at loss to be honest tho Im trying to made those profit back but it took time. Did I follow my instinct sometimes I do sometimes I don't. For me Instinct just like mixed signal in one or two trading indicator

[Rgram]

One of the popular alternative sources of income for cryptocurrency enthusiasts and forum members is trading, trading requires skills and these skills come with a long time of practice which gives birth to mentorship in cryptocurrency trading, most of us believe and agree that having a mentor in trading increases your chances of success by 50%, but the problem is that most of us traders still lose heavily all because we refuse to follow the right trading path.

What do you do and what is your success recorded, do you follow your mentor's guidelines and advice?

Do you follow your instincts and if yes what are the results you got in terms of the profits ratio against the loss ratio?

I was had a mentor when I first started to trade but after awhile I he practically stopped replying me so I simply started observing the market myself and learnt from bad trades instead of following his guidelines like before, truthfully I took huge loses at first but after awhile it became a familiar ground to me..

[Odusko]

I was had a mentor when I first started to trade but after awhile I he practically stopped replying me so I simply started observing the market myself and learnt from bad trades instead of following his guidelines like before, truthfully I took huge loses at first but after awhile it became a familiar ground to me..

Well, that is a very big breakthrough for you and a blessing in disguise, I understand how terrible it feels when someone you are relying on for mentorship and guidance for something as critical as trading, abandons you along the line is quite a big disbalancing for you most especially as a newbie crypto trader, but the joy in all of your story is that you can discover your trading path and be able to analyze the market yourself which make you now to be self-independent and Free from mentors hold.