Market is the best teacher

There's saying that goes like: 'you whether learn yourself, or the market (in some cases life XD) will teach you'.
So, what is the last thing you learnt from the market?

It is not always worth trusting the signals that the market gives. Since the signals can also be false.

relying solely on the market to teach us can be a costly and time-consuming approach. Active learning through books, courses, mentors, and communities can help accelerate our understanding and minimize potential losses.

'It is not always worth trusting the signals that the market gives. Since the signals can also be false.'
Well, I can say that sometimes they deceive me too but if we can't trust the signals then what should we do?

What is the wrong signal?
There is no such thing as a wrong signal in the market, it just reacts to the attitude of the money, which is relatively objective.
Errors are created in the process of our interpretation of the market.

The market does what it wants. You cannot expect a reversal or a continuation. Even if a reversal looks impossible, it can happen

Ethanishere, you bring up an interesting point. Trusting market signals can indeed be a tricky business. As Prince Sajir mentioned, the market itself reacts to the attitudes of money, which can be relatively objective. However, errors can arise from our interpretation of those signals.

In my experience, it's important to approach the market with a balanced mindset. While the market can be a great teacher, it shouldn't be the sole source of our education. Active learning through various resources such as books, courses, mentors, and communities can help accelerate our understanding and minimize potential losses.

Agreed on the previous things. you're wise man. I got a question. What's the best mindset for trading in your opinion?

For me, the market is chaos that I try to control😂

Oh do not rejoice too long at your success or you will definitely lose the next time. 😄😄

It is crucial to acknowledge that the market can be a formidable teacher, but seeking knowledge and actively learning can empower traders to navigate the market more effectively

@Ethanishere
I have learned that nothing is definite in the market predictions.
Do not marry any assets.

Ethanishere posted:
'It is not always worth trusting the signals that the market gives. Since the signals can also be false.'
Well, I can say that sometimes they deceive me too but if we can't trust the signals then what should we do?

Well I did not say that now you can’t trust the signals at all. You just need to be more careful. Just like me.

Rococo_XVII posted:

Ethanishere posted:
'It is not always worth trusting the signals that the market gives. Since the signals can also be false.'
Well, I can say that sometimes they deceive me too but if we can't trust the signals then what should we do?

Well, I did not say that now you can’t trust the signals at all. You just need to be more careful. Just like me.

Well, yeah that's what any rational man would do.

JakeRobins posted:
relying solely on the market to teach us can be a costly and time-consuming approach. Active learning through books, courses, mentors, and communities can help accelerate our understanding and minimize potential losses.

I genuinely agree. That is why they say either you learn or it will teach you. Personally prefer to learn rather than be taught.

Ethanishere posted:

JakeRobins posted:
relying solely on the market to teach us can be a costly and time-consuming approach. Active learning through books, courses, mentors, and communities can help accelerate our understanding and minimize potential losses.

I genuinely agree. That is why they say either you learn or it will teach you. Personally prefer to learn rather than be taught.

Sometimes the lessons learned by market are remembered much better than if you learned it yourself. 😄😄 Although much more painful. LOL.