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Author Topic: The Importance of Having a Trading Mentor  (Read 4289 times)

Offline enoch_from_off

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Re: The Importance of Having a Trading Mentor
« Reply #60 on: September 26, 2024, 12:05:59 PM »
If you are new to trading, especially crypto trading, don’t go it alone. I learned this very late.

Having a mentor in trading is crucial because they provide guidance, share valuable experience, and help you avoid common mistakes. A mentor can accelerate your learning process, offer objective feedback, and help you navigate the emotional aspects of trading, ultimately increasing your chances of success.

You know, actually, the best mentor when you enter the crypto business industry is our dedication to learn the things we really want to know. Although having a mentor literally has an advantage, we must still be careful.

Because there are other people who will pretend to be mentors but are exploitative, the only way I learned was because of my determination and my dedication to learn here, even though I knew it was difficult. I really prepared and faced it because I really saw a good potential in this field of crypto space that we buy.

Totally valid. There are many people out there lurking just for your funds, and it's essential to choose sources and people to learn from responsibly.
It's difficult, as you said, but it's possible.

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Re: The Importance of Having a Trading Mentor
« Reply #60 on: September 26, 2024, 12:05:59 PM »

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Re: The Importance of Having a Trading Mentor
« Reply #61 on: October 01, 2024, 11:42:16 PM »
And indeed, I personally have participated in an online trading class, and really for beginners at that time, it was not easy for us to understand what the mentor explained because it was online. Moreover, usually the class is together with others so when we don't really understand, then we will be quite reluctant to ask about more basic techniques.

Yes, that usually happens because sometimes we feel ashamed to ask about something so basic, but in this trading thing even if the question is very basic, we have to ask it because this translates into winning or losing money, and if something is basic or we know it, we can move forward and learn things that are advanced but always with that flaw and it is not good, because that is how some concepts are left in the air, then at the time that you can learn that concept the knowledge will be very mature, but it is better to learn it at the moment, it happens to me like that but then I immediately look elsewhere, and although it is not bad because one investigates, sometimes it is better to go through the embarrassment and ask.

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Re: The Importance of Having a Trading Mentor
« Reply #61 on: October 01, 2024, 11:42:16 PM »

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Re: The Importance of Having a Trading Mentor
« Reply #62 on: October 02, 2024, 03:04:26 PM »
I know cryptocurrency as far as I know it and a little, I haven't gotten to trading, investing, staking or anything that uses capital in cryptocurrency. If OP writes that you need a mentor to trade cryptocurrency, it means it is very risky for us to start trading in cryptocurrency.
As usual, if something doesn't need guidance from a mentor, it means it's not risky, while OP wrote that trading cryptocurrency requires a mentor. Maybe someday when I start trading cryptocurrency, it seems like I need a mentor too.
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Re: The Importance of Having a Trading Mentor
« Reply #63 on: October 02, 2024, 04:43:04 PM »

Because there are other people who will pretend to be mentors but are exploitative, the only way I learned was because of my determination and my dedication to learn here, even though I knew it was difficult. I really prepared and faced it because I really saw a good potential in this field of crypto space that we buy.

That's the idea, to continue and prepare, also to insist. I've seen some traders starting out and they lose a lot, they burn through their account and never come back, so sometimes they lack that determination like the one you talked about that you made. I know that burning through an account is hard, it feels bad, but insistence and determination is what makes us stronger and able to learn, but in the end I know that insistence will make us gain a lot of skill in trading. I think that's the key there, and that's what many people call psychology.
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Re: The Importance of Having a Trading Mentor
« Reply #64 on: October 02, 2024, 07:06:14 PM »
I know cryptocurrency as far as I know it and a little, I haven't gotten to trading, investing, staking or anything that uses capital in cryptocurrency. If OP writes that you need a mentor to trade cryptocurrency, it means it is very risky for us to start trading in cryptocurrency.
As usual, if something doesn't need guidance from a mentor, it means it's not risky, while OP wrote that trading cryptocurrency requires a mentor. Maybe someday when I start trading cryptocurrency, it seems like I need a mentor too.
that's right, if you are a beginner then you must have a mentor to guide you to move forward so that you are not confused to start trading and it is good that the mentor is from your close relatives so that you can learn directly to meet so that you quickly understand all this ... if you do not have a mentor close to you can start to seek knowledge or look for news and information about the crypto market.

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Re: The Importance of Having a Trading Mentor
« Reply #65 on: October 03, 2024, 02:53:06 PM »
I know cryptocurrency as far as I know it and a little, I haven't gotten to trading, investing, staking or anything that uses capital in cryptocurrency. If OP writes that you need a mentor to trade cryptocurrency, it means it is very risky for us to start trading in cryptocurrency.
As usual, if something doesn't need guidance from a mentor, it means it's not risky, while OP wrote that trading cryptocurrency requires a mentor. Maybe someday when I start trading cryptocurrency, it seems like I need a mentor too.
that's right, if you are a beginner then you must have a mentor to guide you to move forward so that you are not confused to start trading and it is good that the mentor is from your close relatives so that you can learn directly to meet so that you quickly understand all this ... if you do not have a mentor close to you can start to seek knowledge or look for news and information about the crypto market.
Totally depends into your preference on which there would really be wanting or liking to have a mentor or not. Learning would really be that totally basing up on how well you do make out such
trade. If you do find yourself doing well and able to see some progress on the time that you would really be doing up some trades and since everything could be found online in speaking
about resources or any other things on which its up to you on searching even up more. There would really be those individuals who can stand on their own and there are ones
who do really likes or wanted to have some mentor.

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Re: The Importance of Having a Trading Mentor
« Reply #66 on: October 03, 2024, 06:49:39 PM »
I know cryptocurrency as far as I know it and a little, I haven't gotten to trading, investing, staking or anything that uses capital in cryptocurrency. If OP writes that you need a mentor to trade cryptocurrency, it means it is very risky for us to start trading in cryptocurrency.
As usual, if something doesn't need guidance from a mentor, it means it's not risky, while OP wrote that trading cryptocurrency requires a mentor. Maybe someday when I start trading cryptocurrency, it seems like I need a mentor too.
that's right, if you are a beginner then you must have a mentor to guide you to move forward so that you are not confused to start trading and it is good that the mentor is from your close relatives so that you can learn directly to meet so that you quickly understand all this ... if you do not have a mentor close to you can start to seek knowledge or look for news and information about the crypto market.
For close relatives, I don't really understand because it seems that many of my relatives don't know about cryptocurrency. I also know this cryptocurrency only from the Telegram channel. It seems that I have to find a mentor to trade cryptocurrency that is closest to my playing and working environment, but it seems that my memory also says that many of them don't know about cryptocurrency.
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Re: The Importance of Having a Trading Mentor
« Reply #66 on: October 03, 2024, 06:49:39 PM »


Offline Captain Corporate

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Re: The Importance of Having a Trading Mentor
« Reply #67 on: October 03, 2024, 06:55:59 PM »
Even though I agree that having a mentor is important, always important to make sure that you know what you are doing yourself as well. There isn't anything that we can't do ourselves so while do learn from a mentor then still end up trusting your learnings and do your trades yourself without anyone's help. You may start with your mentor at first maybe but learn to make sure you are doing with something more concrete and you could make more money that way. You can't always trust someone else, always make sure you deal with a good amount of your own ideas when trading for long term.

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Re: The Importance of Having a Trading Mentor
« Reply #68 on: October 03, 2024, 08:35:25 PM »
Even though I agree that having a mentor is important, always important to make sure that you know what you are doing yourself as well. There isn't anything that we can't do ourselves so while do learn from a mentor then still end up trusting your learnings and do your trades yourself without anyone's help. You may start with your mentor at first maybe but learn to make sure you are doing with something more concrete and you could make more money that way. You can't always trust someone else, always make sure you deal with a good amount of your own ideas when trading for long term.
A mentor is meant to be trusted to the end. A mentor is a superior being to;
  • A teacher
  • A coach
  • Or a Guidance

Whoever you chose to be your mentor is someone you respect their decisions to the later and must abide by it until your mentor is able to establish that you can make independent decisions.
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Re: The Importance of Having a Trading Mentor
« Reply #69 on: October 06, 2024, 02:39:10 AM »
Even though I agree that having a mentor is important, always important to make sure that you know what you are doing yourself as well. There isn't anything that we can't do ourselves so while do learn from a mentor then still end up trusting your learnings and do your trades yourself without anyone's help. You may start with your mentor at first maybe but learn to make sure you are doing with something more concrete and you could make more money that way. You can't always trust someone else, always make sure you deal with a good amount of your own ideas when trading for long term.
Having a mentor is a good thing if the mentor is trustworthy and truly an expert in trading and smart at making analysis. My suggestion is that when we learn from a mentor, we also start learning to make our own analysis and research to compare our analysis with our mentor's analysis.

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Re: The Importance of Having a Trading Mentor
« Reply #70 on: October 10, 2024, 10:48:07 AM »
Even though I agree that having a mentor is important, always important to make sure that you know what you are doing yourself as well. There isn't anything that we can't do ourselves so while do learn from a mentor then still end up trusting your learnings and do your trades yourself without anyone's help. You may start with your mentor at first maybe but learn to make sure you are doing with something more concrete and you could make more money that way. You can't always trust someone else, always make sure you deal with a good amount of your own ideas when trading for long term.
Having a mentor is a good thing if the mentor is trustworthy and truly an expert in trading and smart at making analysis. My suggestion is that when we learn from a mentor, we also start learning to make our own analysis and research to compare our analysis with our mentor's analysis.
Well, It is really beneficial to have an experienced trainer who would guide and teach the learner for such markets are extremely intricate, especially in trading. Familiarity with the field can give us suggestions on what to do and what not to do, and show us better ways of approaching our goals. Nevertheless, as years pass and the level of experience grows hearing it from peers and leaders it is crucial for us to start constructing our own analyses. This will improve your comprehension of the market and enhances your level of self assurance in making decisions. And that is why it will be stated so that we would not become entirely dependent on decisions made by our mentors.

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Re: The Importance of Having a Trading Mentor
« Reply #71 on: October 10, 2024, 12:52:07 PM »
           -     Having a trading mentor is good because it helps us learn quickly. Although it is also possible to not have a mentor if we know in ourselves that we can learn quickly on our own. Just be careful because there are other mentors who can also take advantage of the people they teach.

That's why it's better to really know the mentor than to just be referred to you because there's still a risk in that case, or get to know them well before you regret it later.

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Re: The Importance of Having a Trading Mentor
« Reply #72 on: October 10, 2024, 03:11:38 PM »
           -     Having a trading mentor is good because it helps us learn quickly. Although it is also possible to not have a mentor if we know in ourselves that we can learn quickly on our own. Just be careful because there are other mentors who can also take advantage of the people they teach.

That's why it's better to really know the mentor than to just be referred to you because there's still a risk in that case, or get to know them well before you regret it later.
As long it benefits you then it wouldnt really be that a bad thing, as long you do able to learn or would really be something helpful into your trading career then this what surely counts.
It is really just that there are really those individuals who doesnt really like on having a mentor and would really be wanting to have on their solo way on learning up things on which
it would really be that always depends into someones preference when it comes to this. We do know that not all would really be that wanting to have that mentor and since
everything could really be seen online then its something that you would really be able to learn up for yourself and the rest of learning could really be acquired through real experience or trading.

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Re: The Importance of Having a Trading Mentor
« Reply #73 on: October 10, 2024, 04:38:09 PM »
           -     Having a trading mentor is good because it helps us learn quickly. Although it is also possible to not have a mentor if we know in ourselves that we can learn quickly on our own. Just be careful because there are other mentors who can also take advantage of the people they teach.

That's why it's better to really know the mentor than to just be referred to you because there's still a risk in that case, or get to know them well before you regret it later.

A mentor should be a good friend of yours, otherwise, if it's a paid course or something along the lines of it, it may be just a fund drain.
In that case, it's better and wise to try to go by yourself, and use good communities, like that one there, for example.

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Re: The Importance of Having a Trading Mentor
« Reply #74 on: October 18, 2024, 09:32:18 PM »
           -     Having a trading mentor is good because it helps us learn quickly. Although it is also possible to not have a mentor if we know in ourselves that we can learn quickly on our own. Just be careful because there are other mentors who can also take advantage of the people they teach.

That's why it's better to really know the mentor than to just be referred to you because there's still a risk in that case, or get to know them well before you regret it later.
Look for a mentor that can be trusted if you want to learn in a mentor, it could be our good friend. Because many mentors use New Bies to benefit from pretending to teach them about trading.
I never had a mentor in trading, I initially studied on YouTube and read in the forum, from there I started learning trading.

 

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