WHAT DID YOU STUDY? WHAT DID YOU LEARN?

[BobK71]

What stops us the most from becoming master traders?

Am sure their are lot's of reasons why most people can't become a professional trader, but I think one of the reasons is inability to hold, most people don't have patience to hold if a coin is down, most of them panic and sell lack of patience. And most of  fail due to inability to make more research about a coin to buy, when to buy and when to sell, most of them depend on trading signals.

It's not just about holding coins because what you're holding is also important. If you buy sheet coins instead of good coins then it is useless to keep it for your whole life. Investing in bitcoin or some altcoins that currently have the most potential will return if you hold them for a long time. And without patience one can never expect anything good in any trading platform. Those who bought and held Bitcoin in the beginning are the ones who are successful today. Many of these are regretted who have bought and resold bitcoins early.

[1714846486]

1714846486

[TheUltraElite]

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

Crypto market and by that sense any speculative market is not predictable with 100% accuracy. Therefore any prediction done has only 50-50 possibility of turning true or false. Point is that predicting the market and investing are two different things. Those who predict only make news articles to publish on niche media but investors are risking their money for the same and hence they are more careful about buying.

Still education does not mean a person will be a good trader, like I said in my last post, these two are not mutually inclusive. Basic knowledge about trading is often not present in many people. Some have just entered to try their hand at a few coins hoping for huge gains. Hence you cannot deduce what the OP tried to say in their quote.

[GatotKaca]

What stops us the most from becoming master traders?

Am sure their are lot's of reasons why most people can't become a professional trader, but I think one of the reasons is inability to hold, most people don't have patience to hold if a coin is down, most of them panic and sell lack of patience. And most of  fail due to inability to make more research about a coin to buy, when to buy and when to sell, most of them depend on trading signals.

It's not just about holding coins because what you're holding is also important. If you buy sheet coins instead of good coins then it is useless to keep it for your whole life. Investing in bitcoin or some altcoins that currently have the most potential will return if you hold them for a long time. And without patience one can never expect anything good in any trading platform. Those who bought and held Bitcoin in the beginning are the ones who are successful today. Many of these are regretted who have bought and resold bitcoins early.

it is a very long process, it is not easy for a person to hold his assets for a long time. bitcoin growth is amazing.
everyone who invests must have a target price that will be met. If you already have an advantage, why not let it go? although in the end there will be regrets because the price is getting higher.
The simplest ability that must be possessed is how to choose the right assets. it will help us in reducing the risk of loss.

[harizen]

What stops us the most from becoming master traders?

Instead of thinking about what's stopping us to become trading experts, why not just be serious about our goals to become like that? Trading is not an easy task to do and we really need damn several experiences, worst or not, in order to become a good ones.

Even professional traders still commit mistakes today but they are learning from every mistake.

We should be like that especially every after a big regrettable loss. Just move forward.

[The Cryptovator]

This forum is like a crypto academy and learned about cryptocurrency from here. Although I wasn't new to crypto when joining the forum but there wasn't much knowledge related to crypto. Have spent a lot of time reading this forum and gained a lot of knowledge from here. Especially have exposed a lot of cryptocurrency scams and I was a popular scam buster here. Mostly I learned how to prevent scams from here.

[kawetsriyanto]

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?

Indeed. Almost every day, we get new learning and another experience in crypto. I think it also happens in other sectors because basically we always continue learning and keep finding more experience. A smart and wise person knows that he always needs more learning since it is a constant thing. Only a lazy person who never cares about constant learning. Or an arrogant person who thinks he already knows everything. It is the same as a trader, a good trader should never stop learning.

[DoublerHunter]

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?

Indeed. Almost every day, we get new learning and another experience in crypto. I think it also happens in other sectors because basically we always continue learning and keep finding more experience. A smart and wise person knows that he always needs more learning since it is a constant thing. Only a lazy person who never cares about constant learning. Or an arrogant person who thinks he already knows everything. It is the same as a trader, a good trader should never stop learning.

^ As a pro trader said once, experience is the best teacher which means we learn through our experience and those our mistakes in trading that should not happen again. That is definitely right, a good trader will never stop learning, and every mistake or every success should be learned from it. Though there are too many strategies now in trading, we should pick what is suitable to us and not rely upon others' opinions which is very wrong if you will join the pump and dump group. Studying and learning from your experience will make you a better trader.

[Shasha80]

What stops us the most from becoming master traders?

I think lack of motivation and fear are some of the reasons that stop traders to do continuous learning to become master traders. Some traders don't want to focus too much on trading to get rid of losses and others don't want to take the risk of learning deeper while some of us lack motivation to adapt new things since we are already contented with our basic knowledge about it. Those who want to become professional traders need motivation and willingness to adapt everything not just the basics.

It is true that there must be a strong desire and high motivation to truly become a master trader. Because crypto trading is very complicated and
not as easy as we think, so if we do not have high motivation we will give up when experiencing failure several times. Even though experiencing
failure is normal to become a master trader, failure is a process that must be passed. Therefore for people who have motivation it is impossible to
give up when experiencing failure, they will try to get back up and will slowly correct any mistakes that have been made, in order to succeed
in the future. Indeed, it cannot be achieved instantly to become a master trader, need a hard struggle and a long process to finally become
a master trader with a large income. For people who have high motivation will usually continue to learn to really understand the crypto world, and
continue to try various strategies. People who never give up to become master traders, will finally be able to get what they want.

[serjent05]

What stops us the most from becoming master traders?

Things that stop us most from becoming master traders are, interest, laziness, being too full of ourselves and lack of perseverance and patience.

I say interest because it is the core thing in making us the best in any field.  Without interest, we will not lift our finger to learn trading and trading techniques.  another thing that hinders is laziness.  Indeed there is this interest but we are too lazy to learn things.  

Having learned some knowledge on trading and getting full of ourselves thinking that we learned all things about trading and stop learning and acquiring experience make us worst than a newbie trying their best to learn about trading.  And the last thing is perseverance.  It is the most needed character in order to master things.  Learning basic is easy but learning advance technique is very difficult.  It needs a lot of perseverance and patience in order to acquire the skill of a master trader.

[Silberman]

What stops us the most from becoming master traders?

Things that stop us most from becoming master traders are, interest, laziness, being too full of ourselves and lack of perseverance and patience.

I say interest because it is the core thing in making us the best in any field.  Without interest, we will not lift our finger to learn trading and trading techniques.  another thing that hinders is laziness.  Indeed there is this interest but we are too lazy to learn things.  

Having learned some knowledge on trading and getting full of ourselves thinking that we learned all things about trading and stop learning and acquiring experience make us worst than a newbie trying their best to learn about trading.  And the last thing is perseverance.  It is the most needed character in order to master things.  Learning basic is easy but learning advance technique is very difficult.  It needs a lot of perseverance and patience in order to acquire the skill of a master trader.

All of those are valid reasons why people do not really become good traders, but the interest in the markets is the most important one in my opinion, people are interested in making money but they are not necessarily interested in the markets themselves, this is the same that happens with the people which study at college to get into a career that could pay them a lot of money but in which they are not interested at all, and as you may guess those people never really become excellent at their profession, since they do not have the legitimate interest that someone which actually loves their career has.

[Inspiron14]

This forum is like a crypto academy and learned about cryptocurrency from here. Although I wasn't new to crypto when joining the forum but there wasn't much knowledge related to crypto. Have spent a lot of time reading this forum and gained a lot of knowledge from here. Especially have exposed a lot of cryptocurrency scams and I was a popular scam buster here. Mostly I learned how to prevent scams from here.

I have never had any doubts about this forum because in fact many people have been helped by this forum,
many interesting topics to discuss and one of them is related to scam,
we can be here together to learn and that is a positive thing

[LUCKMCFLY]

What stops us the most from becoming master traders?

Things that stop us most from becoming master traders are, interest, laziness, being too full of ourselves and lack of perseverance and patience.

I say interest because it is the core thing in making us the best in any field.  Without interest, we will not lift our finger to learn trading and trading techniques.  another thing that hinders is laziness.  Indeed there is this interest but we are too lazy to learn things.  

Having learned some knowledge on trading and getting full of ourselves thinking that we learned all things about trading and stop learning and acquiring experience make us worst than a newbie trying their best to learn about trading.  And the last thing is perseverance.  It is the most needed character in order to master things.  Learning basic is easy but learning advance technique is very difficult.  It needs a lot of perseverance and patience in order to acquire the skill of a master trader.

All of those are valid reasons why people do not really become good traders, but the interest in the markets is the most important one in my opinion, people are interested in making money but they are not necessarily interested in the markets themselves, this is the same that happens with the people which study at college to get into a career that could pay them a lot of money but in which they are not interested at all, and as you may guess those people never really become excellent at their profession, since they do not have the legitimate interest that someone which actually loves their career has.

I was previously a person who has studied a lot about the market, in all aspects, but I have applied everything to the crypto market, specifically in bitcoin, but recently in view that I have no idea what could happen, because I don't I am clear about bitcoin, I am venturing into other speculative markets that are cloned, through the brokers, and the fact that the volume is consolidated really helps me, there are more ways to analyze it, I think that in the short term the volatility is much more manageable, Everything related to news works a lot, of course I'm starting and there are many things that I still have gaps, but I think that in general everything that is to learn and apply must be done and reviewed, it is money that we are risking.

[carlfebz2]

What stops us the most from becoming master traders?

Things that stop us most from becoming master traders are, interest, laziness, being too full of ourselves and lack of perseverance and patience.

I say interest because it is the core thing in making us the best in any field.  Without interest, we will not lift our finger to learn trading and trading techniques.  another thing that hinders is laziness.  Indeed there is this interest but we are too lazy to learn things.  

Having learned some knowledge on trading and getting full of ourselves thinking that we learned all things about trading and stop learning and acquiring experience make us worst than a newbie trying their best to learn about trading.  And the last thing is perseverance.  It is the most needed character in order to master things.  Learning basic is easy but learning advance technique is very difficult.  It needs a lot of perseverance and patience in order to acquire the skill of a master trader.

All of those are valid reasons why people do not really become good traders, but the interest in the markets is the most important one in my opinion, people are interested in making money but they are not necessarily interested in the markets themselves, this is the same that happens with the people which study at college to get into a career that could pay them a lot of money but in which they are not interested at all, and as you may guess those people never really become excellent at their profession, since they do not have the legitimate interest that someone which actually loves their career has.

I was previously a person who has studied a lot about the market, in all aspects, but I have applied everything to the crypto market, specifically in bitcoin, but recently in view that I have no idea what could happen, because I don't I am clear about bitcoin, I am venturing into other speculative markets that are cloned, through the brokers, and the fact that the volume is consolidated really helps me, there are more ways to analyze it, I think that in the short term the volatility is much more manageable, Everything related to news works a lot, of course I'm starting and there are many things that I still have gaps, but I think that in general everything that is to learn and apply must be done and reviewed, it is money that we are risking.

Even when you do deal with forex or stocks it would really be still on the same story which no degree or educational attainment and knowledge would really be putting you at advantage whenever you do deal up

with these markets.For OP had been pertaining on how to make yourself that improved basing on degree then its not really that necessary nor counted.Everyone could really engage one.

Thing here that gives ou advantage is that you are knowledgeable on things even though limitations is there but you are much aware on whats happening around specially on fundamentals.

[GeorgeJohn]

This a community of cryptocurrency and especially bitcoin, and many of us who don't know anything about cryptocurrency have learn and understand the rudiments of cryptocurrency from the beginning to the end and especially those forum members who has stayed here up to four to five years.

The thing that everyone knows what is cryptocurrency from here is achieve is to understand the relevance of Bitcoin, so what we achieve mostly is to know the important of a decentralized currency and the application of cryptocurrency, so therefore it's what everyone who find itself in this community learnt from my perspective.

[GreatArkansas]

(....)
What stops us the most from becoming master traders?

Risk management and controlling our emotions.
We should always think that capital preservation is a must, as long as we have capital, we can still continue to trade. So it is really important to protect our capital because there are still always lot of opportunity to open a trade in the future, not all of the time it's good to trade.

[sulendra12]

What stops us the most from becoming master traders?

The risk of losing their money is what the most people have in their mind whenever they want to learn/master trading. It's not a rocket science when being involved in investment especially crypto trading where traders are being haunted by that risk. But keep in mind that, that's the boundary between new trader and experienced trader, they know how to take a risk in their favor to get profit later on.

[gabbie2010]

What stops us the most from becoming master traders?

Crypto trading isn't a respecter of any profession whether you are an Engineer, Proffessor, Doctor e.t c the two professions are two different entities not closely related at all, for example a pharmacist or any other expert can humbled while trading, however to become master in trading this will require a longer hour of charting analysis, studying candlestick patterns based on the fact that 'Price history repeat Itself', developing and formulating a trading strategy, demo testing the strategy for a very long period of time to test it efficacy before real live trading, all these training will consume a lot of time however in the long run such a trader will master the art of trading.

[NicNacCoin]

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.

*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?

What we have learned in bitcoin forums is pretty much enough for all of us. Here you can create positions like work and eat.But cryptocurrency is pretty much the same no matter where one studies.But the trading platform is completely different. You must be more knowledgeable about the trading platform.You always have to analyze each coin and market and move forward otherwise you cannot trade on the trading platform.To become a master trader you must be highly knowledgeable on the trading platform.

[awik p]

(....)
What stops us the most from becoming master traders?

Risk management and controlling our emotions.
We should always think that capital preservation is a must, as long as we have capital, we can still continue to trade. So it is really important to protect our capital because there are still always lot of opportunity to open a trade in the future, not all of the time it's good to trade.

This is also why many traders are not risk taker, they are trading moderately and waiting for the right moment. This doesn’t mean that they are not good in trading but maybe, they just don’t want to get too much exposure in the market. Every trader have their own strategy, some don’t have much time to spend in the market while some are already a full time trader, your education is still a good source of prior knowledge, you just need to improve it.

by waiting for the right time and making trades, indeed it is his style to do according to his strategy by considering several aspects and waiting for the right moment to trade. indeed the most difficult thing is waiting for the market to enter our buying area, and it is a tedious time for most people, but for moderate traders, that is the rule that must be obeyed to make a profit.

[Mpamaegbu]

~snipped~

Somewhere in that mix, there should be – A writer's creativity and scrutiny of analysis (accuracy matters).

Beyond all that listed is the major thing. That's the ability to control the unruly emotion. Lack of self discipline and emotional control are the bane of every trader, even if they've a perfect trading plan. Without control, a near perfect trading plan will be messed up easily. I guess this is what makes the difference, not the actual field of study.