It depends on the limits. You might avoid going deeper than 80'/24M because you detect that Nitrogen Narcosis (augmented by increased CO
2) is compromising you perceptions and maybe your judgement. Experience will teach you to more effectively manage your breathing, therefore CO2, and therefore Narcosis.
The same thing happens with:
- Managing a safe surf entry
- Improved navigation skills increases the distance you feel safe venturing from the anchor line
- Experience usually reduces gas consumption and CO2 production, which affects everything
- Familiarity with any environment reduces your risk and anxiety -- which influences your limits
See how experience, education, and the analytical effort you invest are so intertwined that a simple answer would not do your question justice? Don't forget that "formal" training can include taking an online course at the
Khan Academy. A good diver is a curious diver.