What life lesson has trading taught you

[I_Anime]

I know many of us here do trade , am talking about traders with good solid strategy not those gambling on chart . So I know that trading have taught lessons one way or the other , so can you guys please share so others can actually learn from it and you can even go further to way to avoid such mistakes or one to improve their trading habits.

Let me go first , Trading has taught me that Nothing is too hard all you need is consistent and be ready to learn from your mistakes .

Now your turn folks…

[Charles-Tim]

The most important lesson in trading is that you should not think you are very good already because you are making money for days or weeks, you can lose money at anytime than you may expect.

Trade with the amount of money that you can afford to lose. Do not think you are so expert to the extent that you will make money from trading regardless.

[NurseHub]

Personally trading has thought me that you need people or connection or community effort to go far or become more more profitable in life than ruing the race alone. it had taught me that people are not just successful on trading from thin air but has one or more people who open the door to success in trading or in life for them and such doors are maybe pattern or knowledge that is rarely obtained from self knowledge.

[Joy_learns_crypto]

Since you want traders with solid strategy to give lessons trading has taught them your own lesson has no solid strategy in it, it not as technical as it should be from what you want.
Your lesson is not a trading based lesson it is just a lesson devoid of any solid strategy that concerns trading.
I am not too solid with strategy in trading and that’s is why I am interested in the lessons.

[Versatile_choice]

Well, I can't possibly say that trading has thought me a lesson because I have never tried playing that game before. But I can say that I learnt from other people's experience, honestly I have heard several stories about trading both positive and negative side of it. And I must say that the negative side of it is almost the same with the positive side because it's like a gambling where you would hit big multiplayer after that you might as well loss it back to them if you're not careful, so the only thing I could say is whoever that is willing to go into trading should ensure that he have gotten the best knowledge because it's a game that requires enough knowledge and skills or strategies.

[Y3shot]

Let me go first , Trading has taught me that Nothing is too hard all you need is consistent and be ready to learn from your mistakes .

Now your turn folks…

Understanding is the principal thing when it comes to trading, and it also the key but the problem with manu people is that they fail to get Understanding that is required in trading through learning.  Many may see trading as what is very difficult but trading is very productive when it when understood by learning but many fails to go into learning.  Trading is always complicated when people choose to go in to make money quick and learning is being neglected.

[Agbamoni]

The most important thing I've learnt from trading is that your source of capital must be solid enough to sustain you until the day you hit big in trading. Let us be frank with ourselves, the small profit is not what we really want in trading. There is a higher expectation we demand when we have knowledge backed with large capital.

[Cryptomultiplier]

Trading to me is like any other skill that can be learnt within a few months or less depending on how fast one is good at grasping the basic and major concepts that is applicable.

One thing I know is that there is a certain internal mastery of one's emotional state that comes with trading. A trader also knows how to make plans and projections and have the ability to adapt without being pressured from external factors.

[Onyeeze]

Trading can only teach us how to be careful and also be mindful in anything we are doing, because in trading you most be observant and also be a good timer so that you will not lose whenever you trade

Most of traders today, experience losses because of their inability to control their emotions, and when you lose more in the trading you will be more careful not to lose anymore, so losing will demoralised you and make you as a trader to be careful and observe the market before trading, learning from your mistakes will make you to be a good trader.

[Callido]

The most important thing I've learnt from trading is that your source of capital must be solid enough to sustain you until the day you hit big in trading. Let us be frank with ourselves, the small profit is not what we really want in trading. There is a higher expectation we demand when we have knowledge backed with large capital.

You made a very good point, i know someone who works a regular job and after receiving salary, he takes nearly half of it and puts into trading, before the month runs up, he is already waiting for another pay again to fund his trading software, the little profits he makes sometimes isn't good enough compared to his losses in a month. A good trader who wants to make profits in the long run should have a good portfolio before starting.

[rachael9385]

Never get too confident in your trades no matter how good you might be because your might start losing due to being overly confident.one thing that I regret doing during my beginning stages was to trade against the trend  most traders do this to make lots of profit but a lot of traders lose in the process. trading isn't a ponzi scheme that you can just make quick money from

[Crakryptvest]

Personally trading has thought me that you need people or connection or community effort to go far or become more more profitable in life than ruing the race alone. it had taught me that people are not just successful on trading from thin air but has one or more people who open the door to success in trading or in life for them and such doors are maybe pattern or knowledge that is rarely obtained from self knowledge.

Meeting new people wont make you profitable in trading. If you meet someone new today, it means you will have to learn or adopt what the person will share with you. With every probability that your strategy may be better than his. It will only increase your knowledge, but if you dont apply the knowledge properly in trading, you will not be profitable.

Trading is a thing of luck. No one is perfect in trading, this is why i don't trust any trader on YouTube and on other social media network. They are all bunch of liars. The best way to stay profitable is to continue learning.

[Nathrixxx]

Am privileged to have learnt alot about trading and this is so interesting to an extent that am learning to develop myself each day the more, though I've risk it to an extent, but getting it wrong wasn't a way too far as some others have experienced, so am much more interested in learning from others mistakes than mine, this will help me continue going and not to give up, which also shows how I've not been giving up from doing the best of my ability.

[Out of mind]

I know many of us here do trade , am talking about traders with good solid strategy not those gambling on chart . So I know that trading have taught lessons one way or the other , so can you guys please share so others can actually learn from it and you can even go further to way to avoid such mistakes or one to improve their trading habits.

Let me go first , Trading has taught me that Nothing is too hard all you need is consistent and be ready to learn from your mistakes .

Now your turn folks…

We all know that trading is not a difficult task, but managing it well is the most challenging. To start trading, you must have a lot of confidence and experience in yourself, and you must be skilled in the market. Learning trading does not do everything, but there is also risk in it, those who trade face very few losses according to the market situation. If you learn trading, it will definitely be an activity and you can make profits, but you have to accept that you will have to face losses at some point. If you trade slowly, you will definitely gain experience and you will be able to correct the mistakes you made earlier. In that case, your trading strategy will depend on your experience and skill, so it is important to learn about trading first. Improving trading is not an easy task, but here you have to gain enough knowledge and analyze the market in depth.

[Hypnotizer]

Well, when we talk about life lessons that trading has taught me, I can say discipline and patience.

 In trading if you no dey disciplined abi you try compromise your discipline you fit cry o, because sticking to your initial principles and plan dey very important. Imagine not stopping at your stop loss and losing again like an obsessed gambler because you are not disciplined or not following your initial plan and strategy but following your emotions and instinct.
 Dem no dey tell pesin, nah you go learn lesson o

The other life lesson which is patience dey self explanatory because everybody know say if you no get patience not even in trading, in every aspect of life you will fail.

[Gost ms]

If you are interested in trading and if you are willing to trade or learn. Then I will tell you that first of all do you have a source of income or not and do you have a lot of time. Because it takes a lot of time to learn trading. Having a source of income is very necessary. You can lose a lot of money in trading, if you can deal with all these losses and if you can get back to a state where you can trade, then you can learn trading.

There are many people who want to trade but they do not have a source of income. They start trading with money from their parents and when all their money is gone, they do not have enough money to trade and after a while they give up.

[Odohu]

I have learnt some great lessons from trading and there are some of them I keep closely so I don't repeat some of the mistakes I made in the past. One notable one is that trading is a long term game and not a get-rich-quick game. I understood this to mean that every business requires time which must be a factor before expecting returns. Therefore I always allocate time to whatever I'm doing before I expect anything and this has helped me in planning and execution of whatever I'm doing as well as in my peace of mind and motivation.

[Zigabel]

I know many of us here do trade , am talking about traders with good solid strategy not those gambling on chart . So I know that trading have taught lessons one way or the other , so can you guys please share so others can actually learn from it and you can even go further to way to avoid such mistakes or one to improve their trading habits.

Let me go first , Trading has taught me that Nothing is too hard all you need is consistent and be ready to learn from your mistakes .

Now your turn folks…

Patience Trading has taught me an unusual patience, one which i never had, i understood with trading that if you are patient, all it will take will be some little time and there is almost no limit to the much you can achieve at a time. i got the best of my trades ever from been patient enough when the need be that i had to be patient, gradually i learnt to apply this in real life and i saw how i have been able to achieve quiet a number of things without pressure unlike me before now when i will want to achieve everything all at once and then put myself under some sort of pressure that will make me explore some routes i ordinarily wouldn't want to explore but for my then impatience.

I got to understand that most of the losses and mistakes i even made are bothered mostly on the factor of impatience and until i was able to get passed it, i still will not be able to achieve as much in a very accurate and precise manner, time factor sometimes just cannot be skipped, you will just have to follow that through with it and it is non negotiable in some cases, the reason you even make mistake and fail to achieve as much can even bother more on that time factor that you are trying so hard to avoid or skip, stay patient and achieve the impossible with little or more time.

[Shadiq]

Never consider trading as your main source of income and never think that you are very good at trading and you have forgotten about losing. Some times you will have good times and you will earn, but if you forget about losing and keep trading recklessly then you will lose everything.

If you have no source of income then never enter into trading, do not trade beyond your discretionary money, do not consider yourself a skilled trader and always remember to learn. The most important advice is, never promote it while learning trading, it affects your attitude.

[cxtreenal]

There are many types of strategies in trading but initially I thought that maybe I could profit by doing day trading. I had experienced traders that I knew to follow but I didn't realize at the beginning of trading that I needed my own experience to get involved in trading. I have experimented with a few strategies but I prefer holding and trading. This means following an investment strategy because I regularly buy coin at different price trends. After getting a reasonable holding or at a favorable price situation I sell.

I think trading is actually a vast field for experienced players. Trading platforms are very risky for beginners. Whatever strategy you trade, use a fixed amount of funds or discretionary income. Keep in mind the possibility of losing money.