Tutored or you learned how to trade?

[Issa56]

When I started trading, I didn't have anybody to put me through, so I learn how to trade myself, i watched lots of videos on YouTube before I could place my first order for the coin I bought, from the first coin that I brought, I lost some money, It was my first trade and I was also expecting things like that to happen, frequently I kept on trying it and I was losing money, I was losing money because I was scared, immediately the price of the coin I bought drop a little, I always panic and sell at lost, after lot's of trial, I started understanding the way it works and the amount I was losing was reducing.

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[Kelvinid]

When I started trading, I didn't have anybody to put me through, so I learn how to trade myself, i watched lots of videos on YouTube before I could place my first order for the coin I bought, from the first coin that I brought, I lost some money, It was my first trade and I was also expecting things like that to happen, frequently I kept on trying it and I was losing money, I was losing money because I was scared, immediately the price of the coin I bought drop a little, I always panic and sell at lost, after lot's of trial, I started understanding the way it works and the amount I was losing was reducing.

Traders often lose their money on their first try, why?
Because they don't have;
 -courage
 - knowledge
 - uncontrolled emotions

But all the failures and losses we have are eventually changing our view towards trading and making us more courageous to learn more and correct our mistakes in the past. In fact, nobody becomes a pro-trader without suffering difficulties, all traders had encountered such things until we succeed.
 

[tech30338]

Self taught and tutored will almost have the same result, there is always failure in the beginning, there maybe few who never loss money when start trading, but almost all that new traders loss from the start, when i started trading i learn by googling and asking my friends i don't care if they laugh at me for asking for me learning is important than mistakes , we will learn from it, and and could make less mistakes in the future, nobody is perfect I'm sure of that.

[samcoin]

How about you people that had a tutor, were you able to be taught in a way you do not lose in the beginning? I only started to make profit some months ago and till now though, but I lost for almost 2 to 3 years. Maybe tutoring can help to avoid losses?

One of the best advantages of Crypto is the collaborative community. People who believe in decentralization always strive to learn others, that what I noted over my years in Crypto, you can just go to Twitter and search for a trading course or on-chain analysis course or what ever you want, you will find a lot of them. For me, I benefited a lot from some of big Crypto Twitter accounts who were posting some lessons, tricks, and even Youtube courses, I learned many things by following them. When it comes to the lose, I think it's a part of the development stages as we have to lose in order to learn, and that apply to any domain where money is involved, you won't find a trader or investor who didn't lose in his early stages.

[hyudien]

How about you people that had a tutor, were you able to be taught in a way you do not lose in the beginning? I only started to make profit some months ago and till now though, but I lost for almost 2 to 3 years. Maybe tutoring can help to avoid losses?

Personally, at first I was taught by some of the people closest to me about the basics of trading namely buying low and selling high. That's it and the rest scare me by saying no when the market is having a bad cycle. That's the main lesson that shouldn't be much different. But after that, I started looking for information, videos, articles, and things related to crypto trading. Having some preferred methods, decision-making techniques and slowly I started to understand how the crypto market works. In addition, there is no smooth road, loss is definitely part of the risk that must be accepted. In 2019 the market plummeted due to the impact of covid so inevitably I ended trading with a sizable loss. Because of the demand to survive in the pandemic era.

[xSkylarx]

How about you people that had a tutor, were you able to be taught in a way you do not lose in the beginning? I only started to make profit some months ago and till now though, but I lost for almost 2 to 3 years. Maybe tutoring can help to avoid losses?

Personally, at first I was taught by some of the people closest to me about the basics of trading namely buying low and selling high. That's it and the rest scare me by saying no when the market is having a bad cycle. That's the main lesson that shouldn't be much different. But after that, I started looking for information, videos, articles, and things related to crypto trading. Having some preferred methods, decision-making techniques and slowly I started to understand how the crypto market works. In addition, there is no smooth road, loss is definitely part of the risk that must be accepted. In 2019 the market plummeted due to the impact of covid so inevitably I ended trading with a sizable loss. Because of the demand to survive in the pandemic era.

The stepping stone is when your closest friends introduce you to trading; it is where you decide where to start, or they guide you, and it is the first step in learning to trade. That happened to me as well: someone introduced me to the fundamentals of trading, and then I began learning on my own. After learning the fundamentals, I asked my friends and members of online trading communities for advice on how to improve my strategy, as they are eager to help newbies like me. Now I am still learning as we know that trading is you really need to learn always so that we can predict the market

[traderethereum]

Self taught and tutored will almost have the same result, there is always failure in the beginning, there maybe few who never loss money when start trading, but almost all that new traders loss from the start, when i started trading i learn by googling and asking my friends i don't care if they laugh at me for asking for me learning is important than mistakes , we will learn from it, and and could make less mistakes in the future, nobody is perfect I'm sure of that.

It shouldn't be the same because being self-taught allows you to get more information even though later, it will be the same as being guided by someone else.
After all, it depends on how you can develop yourself.
Indeed, some traders never lose, but we rarely encounter this because many traders lose control of themselves when they trade.
I also learned to trade from Google and Youtube, but I also tried to ask my friends who are experienced and have expertise in trading.
This will depend on how you want to try to learn and not always depend on people who guide you because they will not always be able to accompany you all the time while you are learning to trade.

[Lanatsa]

How about you people that had a tutor, were you able to be taught in a way you do not lose in the beginning? I only started to make profit some months ago and till now though, but I lost for almost 2 to 3 years. Maybe tutoring can help to avoid losses?

Personally, at first I was taught by some of the people closest to me about the basics of trading namely buying low and selling high. That's it and the rest scare me by saying no when the market is having a bad cycle. That's the main lesson that shouldn't be much different. But after that, I started looking for information, videos, articles, and things related to crypto trading. Having some preferred methods, decision-making techniques and slowly I started to understand how the crypto market works. In addition, there is no smooth road, loss is definitely part of the risk that must be accepted. In 2019 the market plummeted due to the impact of covid so inevitably I ended trading with a sizable loss. Because of the demand to survive in the pandemic era.

The stepping stone is when your closest friends introduce you to trading; it is where you decide where to start, or they guide you, and it is the first step in learning to trade. That happened to me as well: someone introduced me to the fundamentals of trading, and then I began learning on my own. After learning the fundamentals, I asked my friends and members of online trading communities for advice on how to improve my strategy, as they are eager to help newbies like me. Now I am still learning as we know that trading is you really need to learn always so that we can predict the market

Its really good if you do make yourself get joined or involved on a community which does have share on the same interest and venture that they are dealing or simply co or fellow traders which would be sharing up

ideas and analysis on which you could also check for yourself whether it would be that viable or worth to consider or not.We know that each trader does have their own taking and analysis
which they could make their decision on.
Doesnt matter if you are tutored or self learn because the main target or goal would really be just the same and its not really that right that you are really
minding that much in difference between the two.

[AakZaki]

You can follow and apply how your tutor works during his trade but don't think that you will have the same outcome, the best thing here is you will understand how things work and you will be able to adopt and adjust each time you see that the market is not favoring you, there are many available outlets that you can learn how to trade properly and aside from that you can also have someone who can guide you.

But just like what you mentioned, it's better not to dwell that much with your tutor, as eventually you need to decide on your own and it's better to work your way to learn more about the business.

Believing in the analysis itself will be better, because there will be a learning process that is carried out before carrying out the analysis. the decision will ultimately be determined by us alone, besides that psychology will also greatly influence how the final result will be achieved. Having a tutor or some video tutorials is not a problem, it's just material learning, what determines, in the end, is the end result of trading practice.

[Strongkored]

Maybe tutoring can help to avoid losses?

It will be very helpful if we can get a tutors who can explain it very simply and is easy to understand.
I started my trade when I saw someone post a strategy how to avoid losses by placing 3 buy orders using bigger money at the cheapest price back then the crypto market wasn't what it is today which is full of manipulation so it was going pretty well, and in 2016 -2017 where the market is really very profitable for traders, hundreds of dollars in profit per day is not difficult and stellar coin now xlm is a coin that gives big profits and trades on Poloniex and several trades on other exchanges, but 2018 is when I experience losses consistent and this is what made me change the trade to a long term hold.
Experiencing a lot of loss at the beginning, in my opinion, is better because it will make us aware that trading is not a matter of profits but also losses, so that we never stop learning and are consistent in every strategy applied.

[Silberman]

How about you people that had a tutor, were you able to be taught in a way you do not lose in the beginning? I only started to make profit some months ago and till now though, but I lost for almost 2 to 3 years. Maybe tutoring can help to avoid losses?

Personally, at first I was taught by some of the people closest to me about the basics of trading namely buying low and selling high. That's it and the rest scare me by saying no when the market is having a bad cycle. That's the main lesson that shouldn't be much different. But after that, I started looking for information, videos, articles, and things related to crypto trading. Having some preferred methods, decision-making techniques and slowly I started to understand how the crypto market works. In addition, there is no smooth road, loss is definitely part of the risk that must be accepted. In 2019 the market plummeted due to the impact of covid so inevitably I ended trading with a sizable loss. Because of the demand to survive in the pandemic era.

Those that have someone to guide them on their first steps to become traders are really fortunate about this, because those that had to learn on their own had to make so many mistakes to discover something that those that had a tutor probably learned in just five minutes with their tutor, so they clearly have an advantage over those which had to learn everything by themselves, still if you are fully convinced about becoming a trader this is something which can be done even without a tutor.

[KingsDen]

There are pros and cons in learning alone and having a mentor. When you learn under a mentor you will meet some smoothened roads and can easily climb the later up. But one of the disadvantages could be that you will lack confidence and experiences and that means you many not be able to handle some tasks in absence of your mentor.

Unlike a solo learner who might have failed several times and gained experiences to deal with the challenges in case of future occurrences.  And this person will make a better mentor when their time comes

[bitgolden]

The stepping stone is when your closest friends introduce you to trading; it is where you decide where to start, or they guide you, and it is the first step in learning to trade. That happened to me as well: someone introduced me to the fundamentals of trading, and then I began learning on my own. After learning the fundamentals, I asked my friends and members of online trading communities for advice on how to improve my strategy, as they are eager to help newbies like me. Now I am still learning as we know that trading is you really need to learn always so that we can predict the market

Learning the basics from someone is not that bad, it's actually quite good, it's learning the high end parts that is harder and not many people learn that at all. I agree that it wouldn't be a problem if you could do what you should, it's definitely a great deal but unfortunately it's not going to be simple to learn it all.

I had to study for years not in a non-stop way but because you learn for like 5-6 months first, but then you lose the thread and don't know what to study next, trade for a few months either profit or not, then after a few months you find something new to study, and you study that for a month or two and these new things to study comes out here and there.

[borovichok]

There are pros and cons in learning alone and having a mentor. When you learn under a mentor you will meet some smoothened roads and can easily climb the later up. But one of the disadvantages could be that you will lack confidence and experiences and that means you many not be able to handle some tasks in absence of your mentor.

Unlike a solo learner who might have failed several times and gained experiences to deal with the challenges in case of future occurrences.  And this person will make a better mentor when their time comes

One of the significant disadvantages of learning from a mentor is that you are more likely to absorb his vision of the market and not be able to create your vision. You will constantly look back at the theoretical knowledge that was given to you at the very beginning of your journey and consider it a kind of standard around which you need to build your own strategy.

The main advantage of self-study is that you will form 100% exactly your market vision and will follow only those methods that you managed to collect in the process of self-study and collecting statistical data.

Learning trading from a mentor would seems simple and makes easy road to profits because a trading method would be adopted, unlike learning all by one self which will be complex and difficult to realize a strategy that works. However I don't follow the fact that triggered someone to follow what the multitude are doing, rather I don what works for me, understanding this principle will definitely help one go far in space, moreover starting process always complicated at first but with constant plotting on the market, it pays.

[Mahanton]

There are pros and cons in learning alone and having a mentor. When you learn under a mentor you will meet some smoothened roads and can easily climb the later up. But one of the disadvantages could be that you will lack confidence and experiences and that means you many not be able to handle some tasks in absence of your mentor.

Unlike a solo learner who might have failed several times and gained experiences to deal with the challenges in case of future occurrences.  And this person will make a better mentor when their time comes

One of the significant disadvantages of learning from a mentor is that you are more likely to absorb his vision of the market and not be able to create your vision. You will constantly look back at the theoretical knowledge that was given to you at the very beginning of your journey and consider it a kind of standard around which you need to build your own strategy.

The main advantage of self-study is that you will form 100% exactly your market vision and will follow only those methods that you managed to collect in the process of self-study and collecting statistical data.

Learning trading from a mentor would seems simple and makes easy road to profits because a trading method would be adopted, unlike learning all by one self which will be complex and difficult to realize a strategy that works. However I don't follow the fact that triggered someone to follow what the multitude are doing, rather I don what works for me, understanding this principle will definitely help one go far in space, moreover starting process always complicated at first but with constant plotting on the market, it pays.

If there's someone who would really be guiding you then it is really make things even easier but this isnt something you could really make yourself that dependent for long.Time would come on where you do realize for yourself that you would really be needing to stand alone and would do the rest unless if you do see that your mentor is really that something worth for you to follow on then its up to your own choice.
Doesnt matter if you are been mentored or not because it would always boils down into your own self when it comes to investment decision which it would really be that basing on your
future actions whether you do gain it from your mentor or learn for yourself.

[Silberman]

There are pros and cons in learning alone and having a mentor. When you learn under a mentor you will meet some smoothened roads and can easily climb the later up. But one of the disadvantages could be that you will lack confidence and experiences and that means you many not be able to handle some tasks in absence of your mentor.

Unlike a solo learner who might have failed several times and gained experiences to deal with the challenges in case of future occurrences.  And this person will make a better mentor when their time comes

One of the significant disadvantages of learning from a mentor is that you are more likely to absorb his vision of the market and not be able to create your vision. You will constantly look back at the theoretical knowledge that was given to you at the very beginning of your journey and consider it a kind of standard around which you need to build your own strategy.

The main advantage of self-study is that you will form 100% exactly your market vision and will follow only those methods that you managed to collect in the process of self-study and collecting statistical data.

Another disadvantage that mentors have is that they could be very accomplished traders but that does not make them good teachers, I remember that when I was at high school there was a teacher that was obviously very good at math but very bad at teaching and the students which took his class kept failing at an outstanding rate, so even if his skill was way above the average when it came to high school math teachers, he still got very bad results when it came to teaching, and it is to be expected the same could be true for traders as well.

[Ndabagi01]

How about you people that had a tutor, were you able to be taught in a way you do not lose in the beginning? I only started to make profit some months ago and till now though, but I lost for almost 2 to 3 years. Maybe tutoring can help to avoid losses?

It’s all still the same, you can still lose in trading even if you’re being tutored about it. What is more painful is to been tutored and not to have a way to go about trading and still losing compared to the person that learnt it themselves. Self-learning and more understanding of the subject matter is very necessary even after you’ve been tutored to be a master of yourself. Practice makes perfect, so without it, you’ll end up still losing in the market.

[Captain Corporate]

To be fair I still haven't learned much about trading, I am still a newbie at it if I have to be honest with myself. However, I have been tutored a bit about money management and investment by a friend. He was already not a poor person when he got into crypto, and became even richer thanks to crypto as well and never went ahead and bought yachts and travelled the world type of person, he kept his composure and lived a decent life, not frugal and stupid, but a decent one that made sense, a happy one. He explained to me the importance of many moving parts of the economy and investment, thanks to him now I invest a lot smarter and make a lot more profit.

[Fredomago]

There are pros and cons in learning alone and having a mentor. When you learn under a mentor you will meet some smoothened roads and can easily climb the later up. But one of the disadvantages could be that you will lack confidence and experiences and that means you many not be able to handle some tasks in absence of your mentor.

Unlike a solo learner who might have failed several times and gained experiences to deal with the challenges in case of future occurrences.  And this person will make a better mentor when their time comes

One of the significant disadvantages of learning from a mentor is that you are more likely to absorb his vision of the market and not be able to create your vision. You will constantly look back at the theoretical knowledge that was given to you at the very beginning of your journey and consider it a kind of standard around which you need to build your own strategy.

The main advantage of self-study is that you will form 100% exactly your market vision and will follow only those methods that you managed to collect in the process of self-study and collecting statistical data.

Another disadvantage that mentors have is that they could be very accomplished traders but that does not make them good teachers, I remember that when I was at high school there was a teacher that was obviously very good at math but very bad at teaching and the students which took his class kept failing at an outstanding rate, so even if his skill was way above the average when it came to high school math teachers, he still got very bad results when it came to teaching, and it is to be expected the same could be true for traders as well.

You are right, not because you are good into something you can be a good teacher or mentor, chances are, there's people who have slow adoption with things that they are not familiar with, while you wanted them to adopt and you wanted to share all the information that you know that can help them.

If they don't have that capabilities, then it won't let them to succeed. Mentors are good but it will depend on how a person will aim his success and how serious he will take to bring something good to his investment.

[Silberman]

Another disadvantage that mentors have is that they could be very accomplished traders but that does not make them good teachers, I remember that when I was at high school there was a teacher that was obviously very good at math but very bad at teaching and the students which took his class kept failing at an outstanding rate, so even if his skill was way above the average when it came to high school math teachers, he still got very bad results when it came to teaching, and it is to be expected the same could be true for traders as well.

You are right, not because you are good into something you can be a good teacher or mentor, chances are, there's people who have slow adoption with things that they are not familiar with, while you wanted them to adopt and you wanted to share all the information that you know that can help them.

If they don't have that capabilities, then it won't let them to succeed. Mentors are good but it will depend on how a person will aim his success and how serious he will take to bring something good to his investment.

This also depends heavily on what kind of strategy the mentor is trying to teach, in my experience traders have a problem explaining their strategy as a great deal of what they do is done at a subconscious level as their strategies depend heavily on their experience they have accumulated on the markets over the years, and this is not something that you can teach as there are many things you cannot learn by reading books but by doing them, so this is one additional challenge tutors have when trying to teach how to trade to others.