What life lesson has trading taught you

[Tetu100]

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.

This is were most of us get it all wrong, we became over confidence of our self and forget the hash side of it and at the end we start looking on who  to place the blames on. Trading is a respecter of no one regardless who you are, your skills or number of years in it doesn't matter that is why in other to ensure your safety while trading endeavor to invest what you can afford to lose because nothing can be too sure especially when dealing with trading.

Though have seen people that suddenly became extremely rich through trading and equally some that became frustrated as well, so it just obvious that is not actually by your power but if lucky could see you through then you are made.

[Nheer]

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…

Those gambling on charts   so funny. Well it's true most people are not even sure what they are doing there they just gamble away their money.
Mistakes are always bound to happen in trading and some of them are personal experiences that people can't tell you about. Trading is a very risky thing, it takes a lot of learning process and time and so I advise people not to trade without learning about it. Also trading requires patience, no matter how it turns out for you you should always be patient and never force trades. If it's not perfect for you to trade don't do it out of desperation and always remain disciplined.

[Asiska02]

Learning is a continuous process, as long as you don’t give up and optimistic putting in the hard work and the knowledge most required for a trader to have, you’ll get better and you’ll see the results of you being consistent in it overtime. Trading is not a get rich quick scheme, it favours the most dedicated, hardworking and patient ones.

Don’t give up if you’ve already made up your mind to make it as another source of income, it’ll get better with time. Trading deals with emotions and psychology a lot, so it has given me the opportunity to also apply it into my daily lifestyle. You just have to be disciplined and exercise the best of patience while putting in the hard work needed to become a profitable trader.

[I_Anime]

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

I guess that’s common in the trading space /industry . Trading against the trend and many newbies don’t know about it, some can’t even differentiate trend from market structure.  That’s why is good to take your time and lean more about trading before going into the market . They shey the best way to learn nah experience but nah the harsh way but the smart way nah to learn from others mistakes and use it to your advantage.

[Baki202]

When the matter come trading people they always feel say no be small money they go make, true be say you fit make money but another thing wey people no really pay attention to be say, even with all the tools you still fit lose your money, but plenty ways they wey we fit reduce the risk, and another thing wey they worry this people na over Sabi and greed they need control there self. You no fit make all the money in one day. Those wey they serious, they done already understand how the thing they be. Because any mistake wey you they make na your money they go, so people they use there head well now this days. Because the fact wey be say money they at stake nobody wan they risk am because, na you go here body. Except if the trader they use demo account learn, one thing with trading be say you lose and you win and guarantee no still they say you go win.

[FirmWars]

Trading dey very hard  but once you put eye for ground, you go fit they make profit small small, you just need to they consistent. So watin I fit talk say I learn from trading nah consistency, consistency can make you become profitable later on because you will continue to learn from your mistakes and also learn from other profitable traders, then you will improve your own strategies from what you have learned, then on the long run, you could be profitable.

[Fiatless]

I have not traded cryptocurrencies but I know people who have been doing it. I don't need to start trading for me to learn from them. One of them was supposed to be mentored for two months on trading. He learned for just one week and claim to have mastered the skills in trading. He took large sum form his business and started trading. After few days he lost everything and went back to his mentor to learn.

Never start trading except you have gotton the foundational knowledge. As a newbie, dont start trading with huge amounts. It is better to make mistakes using small amounts.

[Makus]

Trading can be very difficult and if you are not cautious and patient you might just get frustrated with it. one lesson I've learnt from trading is to always move at your own pace and mot that of another trader. just because you heard that a trader used a small amount to grow his trading account to six figures doesn't mean you should no longer stick to your trading strategy, this is a mistake that I learned in the past and I really lost a lot. Trading is an endless school of learning, no matter what you think you know the market has ways of surprising you. Always take responsible risks, trade with an amount you can lose and take it one step at a time

[CryptoHeadlineNews]

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…

Yes, it's true that consistency is not just only needed in trading, but all other fields and areas of life to be successful. Because it is in consistency, that you gets to make mistakes and learn from your mistakes knowing what didn't work and what next to improve on. And likewise in trading you will also learn risk management on know to know when to enter a trade with a certain amount you can afford to lose and when you can go all in, judging by the success rate and margin you may have calculated. And everybody must not be a trader, most especially when
 It comes to Bitcoin investment, as you can buy and hold for long term as you wait for profit over time.

[Oshio-man]

Learning from your past mistakes can help you to achieve something that will make you perfect in trading,  there are many different types of strategies you can use to trade your coins, but use the one you know and you understand best so that you will not regret when you are experiencing losses from strategy you don't know how it works for traders, learn how to be patience when the market price is not favourable at the moment, the market conditions will not remain like that forever but just wait for few weeks or month to see the changes that will happen to the market before you can trade, and you will definitely achieve something that will change you financially.

[bitwalhr]

Learning started from lap of mother and its gone till we enter into grave it's no one can say he is complete, or he is one of the best because always keeping search and learning is the best thing in any human life.
Trading has never been easy and for everyone because its always have ups and downs these are the best lessons for everyone and these are also give real time facts about things which are going around us never do any decision in emotions because this can bring significant changes and things can be gone against you which are never been good.
Everyone well-prepared and have enough knowledge because this will always bring better results and this is also the best thing for having success but its never been easy because living disciplined is not easy for mostly peoples.

[Pi-network314159]

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…

Well I am not a trader to start with, but if I am to advice anyone I will tell them to trade with caution, that is they should trade with what they can afford to loose because many people has loss alot of fund in trading. If you know you have blood pressure issue, there is no point to trade because when you are losing it will increase your blood pressure level and could leed to health issues or mental problem. Trading is not for the weak minded ones but for those who can withstand the pressure in both up and down times. It is better for someone who can't endure the market volatility to go for DCA approach and stack in their wallet and hold than to trade and monitor the screen to cashout some peanut and lose huge amount.

[Olatundespo]

There will be mistakes in trading even if you are sincere or continue to make continuous efforts that you will not enter into losses. You have the best available funds and analytical knowledge. Because you are always buying coin based on assumptions and expected high profits for a short period of time. Just as in gambling you have to make decisions based on assumptions, in trading you have to take almost the same strategy. But your skills in trading can help a lot in perfecting the prediction regarding the price of a coin. Although in gambling there is a possibility of winning or losing on assumptions in trading too the assumption of coin determination and purchase gives you the possibility of profit or loss.
Trading is not difficult as experienced traders promote. You just have to be disciplined in using funds. Do not be greedy for profits and buy with funds that you can afford to lose. Do not be overconfident. Long term investment keeps you stress free. Short term trading is always stressful.

[Cityhunter34]

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…

No lesson yet but I have a friend that normally focus on trading well well and he always complain every day. However, I must confess that this guy has been losing money and keep on telling him to only trade with what he can afford to lose but still he keep on using his monthly salary in trading, hoping he will going to double the money. Honestly, I used what happened to him as an example to stay more clear from trading because the risk is more than the way we expect so I would advise anyone that wants to trade to always have self control because that is the most important thing in trading.

[Mayor of ogba]

Before I created an account on Bitcointalk, I used to trade, but after my horrible experience in trading, I decided to quit trading for good. When I was actively trading, I never used stop loss, and it caused me to lose a big amount of money in trading. The life lesson trading has taught me is never to ignore stop loss whenever you are trading because it will help to save you from losing all your money in trading.

[Yeesha]

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.

Sometimes, impatience or lack of patient can causes significant damage to a trader, which can lead to making rash or reckless decisions, overtrading, or overlooking the complexities of trading and chasing losses.

I really admire the confidence in you, by saying the actual truth. But it's good that you immediately realised what was eating you up (maybe fear of missing out, stress, greediness, or desire for more) and decided to take corrective action. That self awareness is power, because with that you will be able to set rules and safety preventive measures. Healing starts when you confront what sabotages you. Patience is actually required when it comes to trading.

[Nuel0717]

Trading has taught me many life lessons.

One major lesson is that losses are part of progress. Even the best traders lose trades, so getting angry to the point of quitting means the mindset isn’t right yet. Accepting losses is very important in trading.

Another thing trading has taught me is responsibility. You are fully responsible for your actions and outcomes, with no one else to blame, because every trade is your final decision, whether you joined a signal group or traded on your own.

Lastly, consistency is a key pillar in trading and also in real life. Staying consistent builds discipline and emotional control. I’ve seen that traders who were once short-tempered become much calmer over time through consistent trading habits.

[Mhizlove]

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.

Honestly you're right, being too confident is the one big mistake we make when trading just because of the win you made in for some days don't determine you as the person who knows how or master of the market. You can experience loss at anytime, especially when you didn't expect it to happen.

That's why it's so important to trade with money that if you lose, it will not make you that sad, moody or make you to be depressed, don't feel that you  know to the extent when loss won't affect you because the market isn't a respecter of anyone.

[Churchillvv]

Trading has thought me that life and the journey of success is very different in the sense that you need someone to help you show you the way, not just about learn and thinking that consistency and all that is preached on the internet, people have helpers who showed them the way in the trading before success but they may hide that from the world, some are self made but the people who had extra help didn’t have to go through the hard things people go through in trading, and so it goes with life l, when you have someone providing already before your presence you only continue and things get better for you fast than someone who is trying to build from scratch.

[Mr Reporter]

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.

I think boss Charles you have said it all even with those professional in the trading worlds today i was on the trading chart i was all up to speed enter the trade which  I was afraid, otherwise trading play with a person mentality this this caus many trading loss i use my self as a full tool example how trading mess me up that year it was friend who save me back then, it better a newbie in the trading worlds today also have a mentor and sables mental health is useful as well….