What life lesson has trading taught you

[Jubilee58]

Is very much exciting if you are a good trader, because it enables you to earn money from bitcoin on a regular Interval. However, trading is not without risk as their is no perfect trader. Even as a good trader you can loose money, but what makes you stand out as a good trader is when you win most times in your trade. A good trader makes more profit than losses.

A good trader does not attach greed while trading. He or she takes profit when necessary to avoid recording unnecessary losses.

A good trader always monitor his or her trades and Make correction when necessary. Leaving your trades unmonitored can be dangerous because you know if your strategy or trades is doing well.

[Finebone]

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…

Trading is one of the most difficult skill in this digital space, and if you must be successful, you need to be good in technical and fundamental analysis before you will stand a chance while at it, but one of the advice I will give to any trader any day is not to take it as your only source of income because you might be in a financial pressure, and that pressure might compel you to take trades you shouldn't have taken on a normal day, and you will be less patient because you need money urgently, so as you are trading, make sure that you have another source of income, so that you wouldn't have to trade under pressure of making money.

[Mpamaegbu]

Now your turn folks…

Trading don teach me sey patience na real virtue. Any persin wey dey always dey too fast to respond to something go always get issue as a trader. Sometimes, e go take persin hours to wait for something wey go happen and conclude in less than 1hr. Na so trading be. Persin must get dat ability to wait and endure.

Second be sey – trading don teach me sey taking risk na necessity for survival but e Iet me sabi how to mitigate dat risk so e nor go chop my head off. Risk wey I dey talk nor be for only trading, e enta every aspect of life. You find young lady wey u think sey fit be ur wife, approach am. Nor fear. Take d risk. Mitigate ur risk by not throwing money at her. You see property wey u like to buy, go for it. Mitigate ur risk by asking around to ascertain d real nature and owner of d property before u make payment. Life itself na risk. We dey into risk already, so why we nor go play and mitigate am to start with?

Third wan be sey – trading don teach me sey working smart betta pass working hard. Working hard na old school. Wit trading, persin fit achieve soft life quicker than doing 8-5.

[Franklyn-wood]

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.

It's good to say that experience is the best teacher. The excitement of gaining hug return from trading with the little knowledge I had, i believed that I can make quick profits. This has over time sweep my feet of balance, as I was only waiting for bearish period so I can buy then wait for the bull so I can sell but lacking the patience that help build wealth of the years. I was interested in instant gains like money schemes.
I thought with the little knowledge I have in trading, that will be enough for me to stay on my own, so was working on the information I have gotten, it was really a hard experience on me
I also do not have passion for trading, but rather the interest I could possibly get from trading is my focus, no mentor no support from anywhere.

[Mate2237]

One life lesson that we all have to learn is the fact that, we all need to have the right strategy because when it comes to trading having the right strategy matters a lot. No matter how good you are when it comes to trading if you don't have the right trading strategy it's not going to work. Strategy is a very important element of life in anything you find yourself doing having the right strategy is important because life is about having the right strategy.


Another thing is the psychology of the trader. Your approach to trading matters a lot because every traders should endeavor to have a kind of mental state which is key. Trading is an act so preparing your mind is needed and this is also applicable to life setting your mind a right is very important you have to be in a good psychological state if you are to succeed in life.

[AYOBA]

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…

Trading has taught so many people lessons and with that the numbers of people having interest in trading is increasing every day they don’t care the risks that is involved. But those types of people who don’t care about the risks are the one who lose most whenever they come to trade, and because such things thy said they should learn deeply from the mistakes they made and learn more about the risks in other to make get what they want in trading.

But if to say those traders can learn lessons from there mistakes I think the lose will be limit, also most of the traders don’t seek for rights strategies that’s why all their plan fail at times.

[LOVER BOY 422]

Trading has thought me to be very consistent with my work ,and never to give up because trading has been helpful to many people so in my experience trading has been so helpful to many people in our society today but Urban area and local areas, trading has been so helpful to those who knows the value.

[Joy- maker]

Well for me trading as thought me a lot but few to be mentioned. Trading has thought me  to always trade with the amount of money I can afford to loose, because no matter how good someone is in analysing the crypto market or stock market, he or she will still loose money, because the crypto market or stock market will not going the direction you expect it to go all the time, it will go the opposite most times.
Trading has also thought me that, most looses doesn't come from bad analysis, they come from greed, impatient, fear of missing out and finally revenge trading, so if you can be  able to control your emotions while trading trust me everything will go smoothly.

[Sonia_123]

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…

Don't rush into any trading take your time to understand it before involving yourself financially because it might just be the end of all you have laboured for, if really you must be involved, start with lesser amount of money, be well calculative and study the market,avoid trading for other due to the risky involved to avoid embarrassment and disappointment.
Don't be too confidence of yourself, don't rush and be too eager to make it in life.

[DaNNy001]

if there is one thing i have learnt from my experience in trading is that no matter how good you think you might be never take trading as a full time job...this is important because a lot of people don't create other sources of income for themselves or work on getting a real job, rhey take trading as their full time job because they have the confidence that they are professionals until they ebd up losing and have nothing to fall back to

[Byebyebtc]

I learnt alot last year in trading not gonna lie, and yes did loose money as well, but what is a win without a couple of losses.
Trading requires more of knowledge, if you know how the market works, you will be able to scale trough and make the right decisions in the market, so some times I do eliminate the desire of money and then I calm down and go for knowledge

This year we go again, continue with the grind, locked in and become the best version of our self

[cxtreenal]

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…

Trading is one of the most difficult skill in this digital space, and if you must be successful, you need to be good in technical and fundamental analysis before you will stand a chance while at it, but one of the advice I will give to any trader any day is not to take it as your only source of income because you might be in a financial pressure, and that pressure might compel you to take trades you shouldn't have taken on a normal day, and you will be less patient because you need money urgently, so as you are trading, make sure that you have another source of income, so that you wouldn't have to trade under pressure of making money.

Short term trading is good for skilled investors. Just like gambling, there is a certain amount of risk in trading. But skill can make a trader perfect in predicting prices. I agree with you that trading should not be considered the only source of income. The level of risk in trading may be higher than you expect. The amount of profit that you consider possible may not be realized most of the time. Market conditions fluctuate depending on the global economy and many times it is not easy for experienced traders to make perfect decisions. You need to keep separate funds in the context of risky conditions. It is important to have a risk tolerance because it is good for a trader to be prepared for price drops.

[Adams0001]

I learnt alot last year in trading not gonna lie, and yes did loose money as well, but what is a win without a couple of losses.
Trading requires more of knowledge, if you know how the market works, you will be able to scale trough and make the right decisions in the market, so some times I do eliminate the desire of money and then I calm down and go for knowledge

This year we go again, continue with the grind, locked in and become the best version of our self

You can't succeed in trading without getting enough knowledge about trading, many people always hear about the good part meaning they done listening about the risk involves and understand they just hear about getting huge profits when you trade and before you can trade you need to understand it very well so that you won't lose your funds with a regret.

What I really lean about trading very well is that the first thing you need to have is to get source of income you should have something doing before you start trading. And again you should always get mentors but your side that can be helping you out when you don't understand something in it, we should no that trading is not for everyone because not everyone can take the risk.

[MLSIDRIS]

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…

Trading has taught me not to panic. There is the word fear of losing out is one of the things that made traders loose a huge chunk of money.  Traders wants to always be in profit which is not possible.

[Mr Reporter]

Now your turn folks…

Trading don teach me sey patience na real virtue. Any persin wey dey always dey too fast to respond to something go always get issue as a trader. Sometimes, e go take persin hours to wait for something wey go happen and conclude in less than 1hr. Na so trading be. Persin must get dat ability to wait and endure.

Smiles just as you done talk am trading nah all about your patience and not your greedy mindset having to trade with a greedy heart in the trading room might just change things completely this trading we have seen so many time where so many people believe and have lost everything and are been dragged emotionally, well bro trading has really overshadowed me at some point well having to pick trading as a full time job is more like not having a real job which could go a lot little..

[Versatile_choice]

Trading has thought me to be very consistent with my work ,and never to give up because trading has been helpful to many people so in my experience trading has been so helpful to many people in our society today but Urban area and local areas, trading has been so helpful to those who knows the value.

Trading helps a lot of people in achieving most of their goals, trading also bring most people to square one. So as you can see trading has an advantage and also disadvantages which the disadvantages is likely to be higher than the advantage because I have seen a lot of people complaining about how they loss a huge amount of money to trading. It is only few that says they profited from trading, that is to show that trading has not been helpful to some people it is only few that is making profit but even as that I'm sure that they would definitely have something to say as regards to the lesson they learnt from trading.

[Dzwaafu11]

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.

Sure na true you talk, person need community effort, and people wey sabi before person fit be profitable trader, make I no lie. Trading no be something wey person go just start, without people or person help, the fact be say you gats get person around anytime wey you wan trade, till you sabi to the stage you no need anybody, if not na so you go de lose money. Knowledge they very important for that, no be say person go just jump enter the market, e go drain that person pocket.

[DBTC-brain]

 Trading has given a million reasons to believe the old adage that says;
  " A patient dog eats the fattest bone"

  Recalling those bitter experience of losing my only surviving kobo  to a trade  makes me do nothing but shed silent tears.

[Jamestown70]

Trading don teach me many things wey be say if I exhibit am for personal life go help for many aspect, trading don teach me to Dey disciplined and consistence, trading as well don teach me not to Dey greedy if not I go learn the hard way, trading don teach me say superstitious belief or prayer (spiritual things) nor Dey work for the market rather make I try gather knowledge take understand the market before I engage, trading don teach me contentment, e don teach me to Dey set goals and try Dey work with my goals, anything wey make me deviate from the purpose of the goal me sef go learn. E don make me understand say the disadvantage wey Dey trading dey much more than the advantages, so now instead of risking does small small money trading, I Dey use am Dey take accumulate Bitcoin small small.

[Ndagi54]

I have really learnt alot from my past mistakes on Trading as a beginner

What i actually learnt is that we should be patience in making more money because if you rush to make money you may lose. We should try to control our emotions because fear and greed can spoil everything.

We should also always have it at the back of our mind that you can win everytime and to also lose is part of the game. We should try to follow our plan we shouldn’t deviate because discipline pass motivation.

Lastly we should always try to protect our money first because risk management important pass profit,
Market no send anybody