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.
Not all mentors to be that worth or ideal on which some of them are just basically teaching you into the things that could be searched up online. The shit thing on here is that you've been paying up into something that you can actually get it for free and this is something that a certain person should be realizing if ever they would really be that deciding that they can make money with trading. Usually there are ones who do much prefer on having a mentor and there are ones who do want to do solo because actually you can really that making yourself that learn on your own but there are ones who do have that kind of guidance or does really need up some path to take via with those people who are knowledgeable or having those experience but there are ones who do really want to go solo on which you can actually be able to learn up on their own on which this isnt really that a bad idea either on which it will really be that best that you should really be that sticking into your own preference. There are ones who do learnt up things on their own pace on which they dont really like on getting stressed because they've been hurried up on learning things accordingly. Mentor or not then it will be just that depending on you because there are those who do like to have someone to teach them on what they should gonna do and on what are the steps that they do need up. For me then im a self learn trader on which it takes a couple of months or exactly half a year before i have been able to have some good grasps towards the market and i would say that its never been simple with this kind of situation on which everything will be basing up on how fast you will be able to learn along the way.