Little way to help one another in trading..

[Cgrexp]

Every trader can learn a lot if they review their losing positions especially when they are wrong. I have seen people on social media only share stories of winning but not letting anyone understand the losses. You may be talking about the potential for profit but those who follow it may not get the chance to make a profit. There is no substitute for practice in trading so the more you research trading the more experience you will gain. Those who are consistently profitable from trading have been able to identify your trade very easily. But for those who are new it is like a golden egg.

Of course it is true that when a person faces losses while making profits from his trading, if he reviews and analyzes well, he will definitely be able to catch his mistakes from there. Everyone on social media claims to be experienced and tries to show himself as a good trader, but basically they are not the kind of people they claim to be. Everyone can tell a story, but in reality they are not the hero in that story at all, that is why I think that trading should not be done by learning from others and social media. Rather, one should prepare oneself in such a way and analyze in such a way that one's trading preparation is good, so that one can expect to get good results. Those who profit from trading by gaining experience and skills on their own can easily identify their positive and negative aspects. However, new users in the field of trading always think that it may be very easy, they see it as a golden egg, due to which they try to profit quickly. That is why beginners should know these things well in advance that it is not possible to profit by trading alone, but it requires experience and skills.

This can be the biggest mistake if you see trading as just a way to make quick money. When you lose, it is important to analyze why you lost, which part of the decision was wrong, whether the risk management was right or not. This is how experience is created. Many people on social media only show successful trade stories screenshots of profits or luxurious lives . but they often do not reveal how many times they lost .  what their real results are in the long run. Therefore  one should not assume that someone is a skilled trader just by looking at their online identity. Build your own knowledge and skills without imitating the success of others. Learning about the market, practicing on small amounts, understanding and reviewing risk management creates their real experience. Because even a good decision in trading can end in a loss. On the other hand, a bad decision can sometimes give you a profit by chance. Trading is not an easy or guaranteed way to earn money. Without skills, experience and strict risk management, the chances of losing are high if you enter the market just hoping for a quick profit.

[slaman29]

<>Many people on social media only show successful trade stories screenshots of profits or luxurious lives . but they often do not reveal how many times they lost .  what their real results are in the long run. <>

I say it many times, if you want to follow someone who trades, then they must have a long history of posting trades BEFORE it happens, every single position, with time and amount, and even for me important is the reasoning (usually to prove that they are opening positions based on their given TA/rationale).

The fact is, almost nobody does this. And yet people want to believe them.

Started in the days of online stocks, then into forex, now into crypto.

BTW, most people know this. Telling them doesn't change their minds, they still want to hope and believe they find the right guy to follow and make easy money.

[Royal Cap]

Yea, I know must sincere mentor are very rare especially in recent time were people can easily do anything to extort from people. But if I may ask, do we necessary need a mentor before succeeding in trading?

I think mentor is not mandatory to be successful. If you have a good mentor, the learning time may be reduced a bit, but in the end it is your responsibility to understand the market, analyze your own mistakes. Especially the mentor who promises guaranteed profit or get rich quick, you should be careful from the beginning. Because there is a possibility of being a scam.

And most importantly, you must always do away greed to lessen your lost even as you learn on the go.

Agree here, new traders often make the mistake of thinking about making quick profits rather than finding a strategy. Starting with small capital, limiting risk on each trade, and not taking revenge trades after a loss are more important to me than any mentor.

[henmark]

Why don't you want to talk about prediction? Or you don't know that as you are devoted to find signals that will yield you success it is requires you to find  strategy that will enable you catch the bitcoin price.
In case you don't know, trading specifically involves predicting the future for all traders but since that is not of your interest on the thread, it is good that when volatility becomes too high especially when trends has no particular direction it is good that we don't open trades with high leverage to manage your risks.

Of course, trading is all about prediction but that's not the purpose of this thread. This thread was created five months ago but still stucked at page 3. You'll agree with me that it could have gotten to 10 pages or more if ordinary prediction should be allowed. Every trade is technically a prediction, everyone can easily predict but only few can make accurate prediction. So the result of your prediction is what op is after in this thread. You're literally expected to show the result of your predictions so others can learn something from your strategies at least.

To be fair, we can ALL make speculations, and that would not be a bad idea at all, because if we do not speculate, then we are not going to make money at all. You have to say "it will go up" or "it will go down" so that you can trade; if you can't say that, then how are you going to end up making a trade? If you are not sure if it will go up or down, then what are you going to buy or sell based on? Then that means you have to make that speculation so that you can make some return. Of course, this is not easy, and of course it will make a lot of difference in the long run, but in the end we are talking about a world where it is not that easy at all.

We should focus on just making sure that our speculation is not based on "gut feeling"; having something that backs it, that would make it a lot better. We are going to get a lot more people to do something like this; we should be making sure that we are dealing with a lot more stuff that is realistic.

[Iamgoat]

Every trader can learn a lot if they review their losing positions especially when they are wrong. I have seen people on social media only share stories of winning but not letting anyone understand the losses. You may be talking about the potential for profit but those who follow it may not get the chance to make a profit. There is no substitute for practice in trading so the more you research trading the more experience you will gain. Those who are consistently profitable from trading have been able to identify your trade very easily. But for those who are new it is like a golden egg.

As a matter of reality, there’s more need for us to learning from failures more than we need to learn from winnings. Failures in trading allows you to grow faster than winnings. When you fail, you have a lot to learn from it than when you win, you also have lessons to learn from winning regardless but loses have their way of gaining more of your attention than winning. You will not want to fail some more after losing because there is no gain or pride in losing so if it does not make you bow down, it will make you propel even more. But how many of traders do share their losses for others to learn?

[Ndabagi01]

Yea, I know must sincere mentor are very rare especially in recent time were people can easily do anything to extort from people. But if I may ask, do we necessary need a mentor before succeeding in trading?

I think mentor is not mandatory to be successful. If you have a good mentor, the learning time may be reduced a bit, but in the end it is your responsibility to understand the market, analyze your own mistakes. Especially the mentor who promises guaranteed profit or get rich quick, you should be careful from the beginning. Because there is a possibility of being a scam.

Having a good mentor will really help one to understand the market better and have a quick grasp of what to expect from the market. Mentors already have some knowledge of the market and their experience could help you avoid some mistakes that will cost you to lose some money while trying to get understanding of the market.

Mentors are also learners of the market and they are also learning everyday on how to become better in the market and stand profitable in the long run. They won’t tell you it is impossible, but putting in efforts will really help you become a better trader and be profitable. A rich quick scheme narrative is a scam intended initiative, if a trader tells you so, then he’s not worth becoming a mentor.

[GeorgeJohn]

<..>

As a person that trades and is good at reading candle stick, I have come to understand that any trading position you open without having a proper understanding why you open that trade is just gambling,

That's laughable, Actually most of the traders especially the novice in trading mistakes trading from gambling...let me brief you, gambling is different thing from trading, even an experience trader knows that trading is all about risk, so anyone who loses in trading, we shouldn't conclude that is gambling...Neither you're novice in trading or not, but know that losses is constant, And a trader can't do without experiencing loss...

wether it's a signal sent to you or not, because you don't know what you are doing, if truly the signal sent was good or not, because a skill trader will always analyze any trading signal sent to him first before he act on it,

Experience traders most not immediately welcome a signal someone gave to him, it most consult, make a research, and compare what was given to him  with his results analysis before embarking on trading journey, but a beginner will embrace any signal given to him without making a research...that's two different things between an experience trader and a beginner....

[Barikui1]

<..>

As a person that trades and is good at reading candle stick, I have come to understand that any trading position you open without having a proper understanding why you open that trade is just gambling,

That's laughable, Actually most of the traders especially the novice in trading mistakes trading from gambling...let me brief you, gambling is different thing from trading, even an experience trader knows that trading is all about risk, so anyone who loses in trading, we shouldn't conclude that is gambling...Neither you're novice in trading or not, but know that losses is constant, And a trader can't do without experiencing loss...

I don't think you understand what I mean with my above statement. For clarity, what I was saying is that if a trader enters or is trading the market without knowing anything why he enter, and is purely depending on luck after venturing into the market, that's pure gambling, not trading, because a trader will give you the reason why he enters the market according to analysis, not by entering and depending on being lucky in the market.

wether it's a signal sent to you or not, because you don't know what you are doing, if truly the signal sent was good or not, because a skill trader will always analyze any trading signal sent to him first before he act on it,

Experience traders most not immediately welcome a signal someone gave to him, it most consult, make a research, and compare what was given to him  with his results analysis before embarking on trading journey, but a beginner will embrace any signal given to him without making a research...that's two different things between an experience trader and a beginner....

We are both saying the same thing bro, so their is no cause for alarm.

[Franklyn-wood]

Having a good mentor will really help one to understand the market better and have a quick grasp of what to expect from the market. Mentors already have some knowledge of the market and their experience could help you avoid some mistakes that will cost you to lose some money while trying to get understanding of the market.

A good mentor can help you and instruct you on what to do when trading and this has been one of the interesting part of trading for usnto become an experience traders with time. The little way we can help ourselves when trading is to share signals and create good educational posts that will be inspiring for the newbies.

Mentors are also learners of the market and they are also learning everyday on how to become better in the market and stand profitable in the long run. They won’t tell you it is impossible, but putting in efforts will really help you become a better trader and be profitable. A rich quick scheme narrative is a scam intended initiative, if a trader tells you so, then he’s not worth becoming a mentor.

There are good and bad mentors, the good ones will be ready to share their best strategy with their mentees while the bad ones will give you only advise and will not be ready to share important updates with you that can make you independent.

[Big Dirams]

There are good and bad mentors, the good ones will be ready to share their best strategy with their mentees while the bad ones will give you only advise and will not be ready to share important updates with you that can make you independent.

In my opinion I don’t think there are actually bad mentors or maybe I didn’t get the proper meaning of what you meant by bad mentor. I do actually think they have selfish mentors and greedy ones but not a bad ones, mentors that focus only on their own benefits and doesn’t bother about their apprentice results and journey at all.
As a new trader when we notice some selfish ideas from our mentors then I’ll advice we should consider changing our mentor and find someone that is willing to see our progress and watch us win with them because it of no use when we stick to the selfish ones when they don’t want to see our progress.

[Rengga Jati]

BTW, most people know this. Telling them doesn't change their minds, they still want to hope and believe they find the right guy to follow and make easy money.

Exactly, they become easy targets for those who offer trading classes, or paid VIP or VVIP trading signals. Whatever they call it, they're basically trying to attract more people to join for a fee. This is sometimes helpful, but for the layperson, it's essentially the same thing. It won't be effective or work if we don't understand anything about trading. So, basically, we must have sufficient knowledge. Relying solely on trading signals is the same thing. It's like going blind. The risks remain high.

Agree here, new traders often make the mistake of thinking about making quick profits rather than finding a strategy. Starting with small capital, limiting risk on each trade, and not taking revenge trades after a loss are more important to me than any mentor.

It's quite natural for newbies to make mistakes. But, having zero knowledge doesn't mean they have no knowledge. Newbies must still prepare themselves with good knowledge about trading. Everyone can make mistakes. But, the difference lies in their attitude after making the mistakes. It is crucial to do evaluation and improvement. Learning from experience is also crucial. Trading is not easy. So, they must be careful, especially when managing the risks.

[Yablee0]

Yea, I know must sincere mentor are very rare especially in recent time were people can easily do anything to extort from people. But if I may ask, do we necessary need a mentor before succeeding in trading?

I think mentor is not mandatory to be successful. If you have a good mentor, the learning time may be reduced a bit, but in the end it is your responsibility to understand the market, analyze your own mistakes. Especially the mentor who promises guaranteed profit or get rich quick, you should be careful from the beginning. Because there is a possibility of being a scam.

That's true because trading is a bit complicated and the market is very unpredictable and unfriendly as well. Then when someone start whining your nipples or start sweet mouthing you, or in most cases try to play a smart one on your intelligence then that person should be a suspect. Because I can't get it, why will someone that is called a mentor, that's supposed to be guarding you accordingly,  will start telling you how easy or how fast you can become a billionaire overnight through trading. Something even me and you know that it's that easy, that mentor should be checked because the rules is that once the promise becomes so unusual then there's more to it that isn't right.

[slaman29]

BTW, most people know this. Telling them doesn't change their minds, they still want to hope and believe they find the right guy to follow and make easy money.

Exactly, they become easy targets for those who offer trading classes, or paid VIP or VVIP trading signals. Whatever they call it, they're basically trying to attract more people to join for a fee. This is sometimes helpful, but for the layperson, it's essentially the same thing. It won't be effective or work if we don't understand anything about trading. So, basically, we must have sufficient knowledge. Relying solely on trading signals is the same thing. It's like going blind. The risks remain high.

I don't think they're helpful at all, the free resources you can find online and collaborative forums (well speaking from my past on forex forums anyway) are way more helpful than anything paid (paid in fact doesn't even teach you real basics just made up fantasy stuff).

Knowledge is generally free. They put price tags on false promises and scams unfortunately.

[Floczy]

Heyy how about we make this thread functional again.....

Drop your predictions, drop your results.. 

WARNING ⚠️..
Trading is a very difficult activity, investment is more safer

This thread is for only experienced traders that are already Actively engaged in trading activities
Hear to share ideas drop setups and results

More like a bitcoin forum trading community
 
All tradable pairs are welcomed

[Tamaperdana]

Every trader can learn a lot if they review their losing positions especially when they are wrong. I have seen people on social media only share stories of winning but not letting anyone understand the losses. You may be talking about the potential for profit but those who follow it may not get the chance to make a profit. There is no substitute for practice in trading so the more you research trading the more experience you will gain. Those who are consistently profitable from trading have been able to identify your trade very easily. But for those who are new it is like a golden egg.

As a matter of reality, there’s more need for us to learning from failures more than we need to learn from winnings. Failures in trading allows you to grow faster than winnings. When you fail, you have a lot to learn from it than when you win, you also have lessons to learn from winning regardless but loses have their way of gaining more of your attention than winning. You will not want to fail some more after losing because there is no gain or pride in losing so if it does not make you bow down, it will make you propel even more. But how many of traders do share their losses for others to learn?

I also agree that failure is clearly a very meaningful experience. Because by examining our own failures, we are actually examining something that can increase our chances of winning in future trades. Because if we fail because we do point B, then in future trades we shouldn't do point B, which can clearly increase our win rate in trading. But it's clearly not as simple as we're making it out to be. Because for me personally, the main enemy in trading is our psychology or our emotions. Because honestly, if we can't control our emotions, no matter how good our analysis and experience are, we're likely to fail. Because with uncontrolled emotions, all the knowledge we've learned and all the experiences we've gone through will simply be forgotten. So, for me, this is what's making it difficult right now. So, I wanted to ask if you two still have difficulty controlling your emotions when trading.

[Elainebue]

This could be really useful for newer traders. Even a losing trade can be educational if the person explains what they saw and what changed.