You have to learn it one way or another. There are a lot of ways to learn a trade. The majority of people who start out with something and get stuck are just never able to get over that hump.
I think a very good method is to look at what other people are doing and then mimic a lot. One of the biggest things for learning a trade is to have an example of what you’re doing. Take a look at what another trader is doing and then try to copy some of that.
It’s so much more fun when you get something from someone else you can’t imagine. But that’s just how I’ve learned. I get my information by reading about and watching others.
What do you think the biggest challenge of learning a market like the stock market is, and how can you overcome it?
The biggest challenge I see with learning a stock is finding a way to get out of your head as quickly as possible. If I did that, I could figure out a way of making money. For me, I see it every day — I do the same thing over and over and over again, and eventually the markets do what I expect them to do when I’m trying to learn a new skill. The best way to avoid doing that is by just learning and doing more of it.
What does it take to learn a financial instrument that hasn’t been traded for years?
Sometimes it’s a different financial instrument that might be an example of something I’ve been doing before. Like I could learn something like bonds. That way I could find something I’m good at and put in the time and energy to learn it and then take it further.
I know a lot of my friends started trading bonds because they’re so excited about it. They’re excited to trade things like stock, and they think it’s exciting for them to do. It makes me happy and glad when someone else is excited and trying to learn something new. If you’re learning something that’s really hard for other people to understand and you have to struggle for a long time for people to get it, that can be frustrating and discouraging for learning.
I believe that when a person is truly enjoying life and having a good time, and is learning something new they might not have a clue about, and wants to learn it, and has a goal they want to achieve with it, it should be a big motivation for them. If they don’t have that, then it can be really
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