Post
Topic
Board Trading Discussion
Re: Do you follow your mentor guidelines or do you follow your lust?
by
ndutndut
on 23/01/2025, 08:04:57 UTC
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.
all information can indeed be obtained online. but that alone for some novice traders will not make them brave enough to start trading. some dare to try to experiment on their own, but some need direction from others to get started. mentors can help in planning trades and also evaluating after the trade is completed. so we will have input for our next trade. some traders develop quite slowly when they trade with their own learning. but for some others still feel comfortable with the process.
Having a mentor is important in trading, but what is more important is finding or making decisions based on independent research results. Mentors are needed only to be able to learn the models and coins that we want to invest in, but decisions must still come from ourselves. Without a mentor, you can also learn and dissect information yourself like being in this forum, although the process is slow but if you do it right it will definitely work. Because in this forum we have a community that already has experience and of course in the same field. Friends in this forum will provide more relevant insights than mentors, especially free mentors.

The point is, every trader who wants to start trading, whether they have a mentor or not, must learn a lot (especially risk management and trading psychology in addition to Technical Analysis). Start trading on cryptocurrencies that have long-term fundamentals, then use cold money and start with a little capital first.