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Author Topic: WHAT DID YOU STUDY? WHAT DID YOU LEARN?  (Read 928 times)
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September 28, 2022, 02:21:16 PM
 #21

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.

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September 28, 2022, 02:33:50 PM
 #22

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.

R


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September 28, 2022, 02:34:42 PM
 #23

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

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September 28, 2022, 04:23:11 PM
 #24

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.

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September 28, 2022, 05:20:42 PM
 #25

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.



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September 28, 2022, 05:28:59 PM
 #26

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.


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September 28, 2022, 07:56:08 PM
 #27

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.
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September 28, 2022, 08:22:32 PM
 #28

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.

R


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September 28, 2022, 09:14:40 PM
 #29

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.

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September 28, 2022, 09:19:23 PM
 #30

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.

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September 28, 2022, 11:14:40 PM
 #31

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.

R


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September 28, 2022, 11:58:37 PM
 #32

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.

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September 29, 2022, 02:33:08 AM
 #33

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

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September 29, 2022, 03:35:52 AM
 #34

What stops us the most from becoming master traders?
Emotions.

Everyone can be a trader but not everyone can be a successful trader or a master trader like what you said. Emotion is one of the hardest things to control not only to the traders but to every investor as well. When we see the coin that we bought going down, chances are we will panic and do unnecessary decisions that will cause our money to lose especially if you are a newbie trader.

Becoming a professional or master trader requires a lot of experience, a lot of emotion control and a lot of money of course because chances of you losing money at the start is high and it keeps going lower as you learn. Also take note as well that even you are a professional or master trader, you might still incur losses. It will only depend on you if you set a stop loss at your trades.

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September 29, 2022, 06:22:15 AM
 #35

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?
Most traders are self taught as compared to other discipline. In other profession there is always an academic curriculum that ensures a student graduates within a stipulated period of time but for trading most of the courses are done online and seeing that no strict measures are put in place to ensure people finish their programs half baked traders now dominate the market. And because of this traders learn to become pro traders the hard way after so many repeated losses
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September 29, 2022, 06:36:16 AM
 #36

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?

For your information friend, knowledge is not the only thing we can get or learn here in cryptocurrency. And you know what it is, and that it can be a source of income for us through crypto trading.

And to earn or earn income here, you don't need to be a veteran or a master trader to earn here. It's not like that of course, just have basic knowledge of crypto trading you can earn. Just like me, I'm not an expert in trading but I can say that at least I'm earning enough and right here by doing crypto trading. And while doing this I am also learning through my experience in crypto trading.

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September 29, 2022, 09:51:00 AM
Merited by fillippone (3)
 #37

What stops us the most from becoming master traders?
Trading is not kind of easy the way people think, most people think it's easy that's why whenever they start trading the always fail because the don't really know what trading is all about. 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.

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September 29, 2022, 04:44:08 PM
 #38

What stops us the most from becoming master traders?
Emotions.

Everyone can be a trader but not everyone can be a successful trader or a master trader like what you said. Emotion is one of the hardest things to control not only to the traders but to every investor as well. When we see the coin that we bought going down, chances are we will panic and do unnecessary decisions that will cause our money to lose especially if you are a newbie trader.

Becoming a professional or master trader requires a lot of experience, a lot of emotion control and a lot of money of course because chances of you losing money at the start is high and it keeps going lower as you learn. Also take note as well that even you are a professional or master trader, you might still incur losses. It will only depend on you if you set a stop loss at your trades.
Emotions indeed, if you are just noob then you would surely be able to be that compulsive when it comes to this where every decisions you would possibly made will really be attached up via some of your emotions.
If you arent that good on handling your emotion then it would result into mistakes and if that happens then we do know on what comes next which is losing money.
Learning is something that you could gain from real experience or actual engagement on the market.You cant just learn up without doing anything.Reading up others strategies and ways on how to trade?
It wont really be that sufficient because having real experience is much more better than on this one.

R


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September 29, 2022, 04:51:03 PM
 #39

We first started working on Bitcoin Forums and Bitcoin Education took off from there.Although Bitcoin is easy to learn, we often get stuck on learning trading platforms.It seems that we have not learned anything in life. If you can get education in trading platform, you can make a good situation.But unfortunately we fail in this trading platform.Everyone can learn from the trading platform.But there may not be successful in the morning.To be successful you must know and study enough about trading.

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September 29, 2022, 05:05:47 PM
 #40

That’s an interesting quote you have up there. I read it twice literally and felt really good. Well to master any skills you definitely need to be keenly involved, spare time on it, experiment with it and much more. Without this there is no way one can be best of all in the crypto world. It’s even further risky than normal Share market due to its volatility and uncertain nature. Easy manipulation is always a risk due to decentralised nature.

These are additional facts which needs to be learned and skills need to be developed to tackle them in the crypto space.  Wink

We can’t loose it over greed or emotional analysis. It’s better off with extensive knowledge of the market. 
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