Cryptoayinbest trading studies:
Taken from another private group I'm in, so credit goes to the original author, but I echo the sentiments.
"I’ve realized overtime that the things that truly progress you as a trader, the things that actually propel you forward are not appealing or sexy. It's not the things that people want to hear. Especially those that are newer to trading. People just want to know about what strategy, indicator, signal, timeframe, broker or anything immediately learnable that will take them from A to B as quickly as possible. After 4.5 years of trading I know without a shadow of a doubt that obsessing or focusing solely on those things over the bigger picture will lead you absolutely no where.
Here are the things people don’t want to hear:
- Trading takes an excruciating amount of patience
- Nothing can replace time and experience in the market
- Learning from mistakes is by far the best tool for learning and growth
- Passion and borderline obsession with learning and improvement will get you through the toughest of times
- Risk management is paramount
- Having a trading plan and being able to stick to it is the difference between a pro and an amateur
- Get a handle on emotions leading to greed and fear. The things we intuitively do in the market will generally have us making poor decisions because of these crippling emotions.
- Filter out the BS of everything around you that is not helping you move forward
- Keep it simple
- Treat it like a business
- Never stop learning
- There is no right or wrong in trading so find what works for you through your own battle with trial and error
Are reading any of these things above going to make you a successful trader overnight? Definitely not. And thats why most unsuccessful traders could care less about them. They're cliches. They're obvious. Nothing I’ve listed should really be a surprise. I haven’t written anything profound above. But in my opinion once you understand why they are so important everything changes. From someone who spent 2 and half years “failing" before slowly turning the corner.
I hope this is helpful for anyone out there"
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