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
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.
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.
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
Psychology of a trader is very simple, just sell for profits so keep holding!
If only it was this easy.
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That's why there is what is called
Fear of Leaving money on the table