One of the popular alternative sources of income for cryptocurrency enthusiasts and forum members is trading, trading requires skills and these skills come with a long time of practice which gives birth to mentorship in cryptocurrency trading, most of us believe and agree that having a mentor in trading increases your chances of success by 50%, but the problem is that most of us traders still lose heavily all because we refuse to follow the right trading path.
What do you do and what is your success recorded, do you follow your mentor's guidelines and advice?
Do you follow your instincts and if yes what are the results you got in terms of the profits ratio against the loss ratio?
I don't trade regularly anymore, but if I did, I would have taken the help of a mentor. Because there is a lot about business skills, and the experience of a guru can guide me in the right direction. If I follow my instincts, I know that sometimes I may have to make wrong decisions because the market is very volatile.
In my experience, those who follow the guidance of a guru are relatively more successful, because they get help to understand the market movements and make good decisions. Following the trend has a higher chance of loss, because often one can misunderstand the invisible trend or the reality of the market.
However, due to lack of experience, I did not follow my instincts much while trading, but rather tried to apply what I learned with the help of a mentor.