Post
Topic
Board Trading Discussion
Re: Do you follow your mentor guidelines or do you follow your lust?
by
Sebas.tian
on 03/03/2025, 03:54:45 UTC

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?
Crypto trading is hard and it's not something that a newbie should jump into because they received a 30 minutes lecture on YouTube. Having a professional trader that has years of experience as a mentor is a shortcut to understanding trading analysis better. What might take you months to master can be pointed out by an experienced mentor in a very short time so it pays to have a mentor that is willing to impart their knowledge to you. It's good to follow mentors guidelines but you can't be under their mentorship forever, from your experience you can also try other strategies while having what you're taught in mind.
In this opinion you could explain a best comment. I also believe that trading is one of the best profitable source in cryptocurrency world. But we also believe that trading is also very risky for any person. So when we want to start trading, we must understand in cryptocurrency market. Which will be very helpful for earning best profit from cryptocurrency market.

But we also know that guidelines is also very important for developing in cryptocurrency trading. So I believe that mentors is very essential for best trading. Because when we start first time trade, we can face difficult process for earn best profit from trading system. So I believe that mentors is very important element for crypto trading.
Even though all of us keep explaining how to be a successful traders with really facts, there will still be a time when greed will not allow you to rest. You will think that because you made $2k last time then if you go much than your budget and trading risk management, you could make more money. This is how greed and reckless gambling started and it's good we should know what we are doing so you don't fall without knowing that you are actually doing the wrong thing. Trading is very complex because the strategy that you used imthe previous time might not be useful again to give you the kind of profit you are looking for.

As long there are many roads that lead to the market, all traders will not make use of a single road that lead to success, because some traders will like to try other roads to know why mentors warn traders not to follow other roads than to follow those guidelines to be successful. For traders to know there are loss and gain from trade, It was some traders that disobey the guidelines that made them to discovered that there is a loss when you trade wrongly while there is a gain when you trade rightly and you can only get those advice from mentors, because they have encountered those things many times in the market. That is why is allow to make use of different strategies to trade your coins in the market, because if the strategy you are using to make income is no longer bring income to you, you don't need to continue with the strategy if you want to recover from your losses, than to switch to another strategy that will make you to make income.