Bitcoin Forum

Should newbie traders be only concerned about making profit? I do not think so.

I feel that every newbie trader should first be concerned about fully understanding trading regardless of if they make profit or not at the beginning of their trading life. A newbie trader who enjoys profits mostly during his early life as a trader may be misled to begin to think that he has cracked the code to trading and will continue making profits. Newbie traders who experience some kind of losses at the early stage of their life but still continue in trading know better how trading can be, and because of the early experience that they have had, they are at a position of becoming much better traders than those that enjoyed easy profit at the beginning which can be misleading. What do you think, let us discuss?

What about if you say early profit is an advantage  ;D haha. Anyway I think it is an advantage for an old trader to start making profit almost as soon as he or she enters an order because he can guide the profit better by watching the outcome of the market and to safeguard the profit by adjusting stop loss to entering point and by that he has being in a 50/50 chance of winning maximally in the trade, at least he can readjust entering point to taking some percentage of profit while the trade is still on.

As for the newbie, IMO I still think the early profit is good. Profit gives confidence and if a newbie starts seeing the green in the account, he can give a thumbs up to himself. However a newbie should have a journal or jotter to analyze what he is doing right or wrong so that when making mistakes and resulting to losses then he can refer to the past when profit was made through the journal. Nothing is wrong with early profit for me all that is needed is passion to go through the losing times because as for trading, it is profit and loss business depending on the one you have more.

A newbie trader can first lose and continue to lose more than gaining. Because a trader lose, make some amendment, that does not mean he is perfect to profit than lose, he can continue to losemand he may not get it right.

A trader can get it right from the start, but the possibility of getting it right from the start is low. But a trader can possibly be making profit than losing from the start.

I understood you, I have seen people like that before, they did not learn trading, they were just using trading to gamble, they make money and thought they can continue to make money, but instead, they suffered losses and later concluded that trading is gambling. Although trading and gambling are different but they do not want to learn.

trading is not gambling done in a casino. given an initial win to keep the gambler happy and then will continue the game until finally losing all their money.
no profits at the beginning with luck for trading. if they are profitable, it means because they do have the ability to trade. if they are just reckless in doing so, more beginner trades are a loss.

Truth be told, the trading world shares similarities with gambling—instead of tossing dice, you're gambling with your finances. As someone deeply interested in cryptocurrency, I assure you there isn't a failsafe method for profit generation. However, don't let this deter you. Every trader, seasoned or not, has experienced monetary loss at some point—it's inherent in the process. If you're just starting, take a gradual approach, refraining from hastily committing your entire life savings. Approach it as a pastime, absorbing information from literature, educational content, and market-related news. You may even unearth a new passion for trading.

You make a valid point, OP, but if you think about it again, you'll see that profiting from the start can be a boost and encouragement for a newbie to stay and try more. Too many losses without any profit can cause a trader to abandon their trading and settle for their own peace of mind. If one is not well prepared before beginning to trade, the losses that come with it can lead to a mental breakdown. Both point works well, it is either they’re not too exposed to profit or maybe they get to make little profit to make them stay along the journey of trading.

Funny, and true. I don't really think trading is something that you can quickly learn and start earning money from it. To be honest, trading is a nonending learning phase. There are always unintended surprises from bitcoin or altcoin trading. The volatility and unwanted prices at any given time make it very hard to learn the true colors of the crypto trading pattern.

We can not have printed charts and theories in the crypto trading chart view because it is just so unpredictable at any given time. You can pass the test once or twice but not always when it comes to bitcoin trading for example.

So yes, when it comes to newbies or even experienced traders, the learning phase should not be stopped at all.

You would inevitably experience the worst things on trading on which you would be making lots of mistakes and errors which i could say that it would really be just that part of the entire process.No one directly

to become a professional or expert on the time they would really be making out those kind of try outs or really tend to engage if ever they would really be that interested when it comes to it.
This is why on the time that you do make out profits on your first try then its good but sooner or later you would really be able to encounter conditions and scenario on which you havent encountered before.
There's no way that you would be able to avoid it since this had been always been part of the process where learning things is really that just typical to be faced on.

On the time where things turns out to be sour and salty then those expectation of yours will really be changed up and realize that it wont really be that easy or simple.Misleading could really be depending on how
you do treat up things because having that profitable trading on early phase would definitely be having that kind of impression.Once reality would slap into your face then you would definitely be able to
realize that it isnt really that simple that you would be dealing on with.Its true that it is really part of the process where things could be learnt up along the way.

There are always inevitable failures not just tor crypto beginners, but even for those professional traders in the market. And the more we are exposed to losses, the more we are motivated to learn and move forward. However, the good thing about this is we become stronger and more confident to trade, knowing we had learned a lot from our mistakes and that help us as better traders eventually. So never be afraid to lose, as trading has reserved a lot of losses for beginners. Instead, move forward and learn from them as experiencing losses at first is better than to be exposed with quick profits as that will develop a wrong mindset that trading is all about profits, when definitely its not.

The first goal of trading shouldn't be to make profit.It should be to management risks. It should be to try out those trading strategies live and see how they work in the real world. To know what works and what doesn't and to adapt or modify it as the person sees fit.Any trader who makes profits on their first trade would end up being carried away and may not be ready to face loss.

Most newbies that joined cryptocurrency during the bull always end up quitting trading during the bear market, most of them are use to the profit they were making during the bull run, some of them end up quiting their jobs because of the money they were making during the bull run. During the bull run, everyone is always making money, just buy coin and hold, within a short period of time, you will be in profit, but when trading during the bear market, the more you keep on buying, the more the coin keeps on dumping, not all newbies always survive the bear market. When you are trading as a beginner, money shouldn't be the primary aim, because when you focus on money alone you, you might not get things right.

Nope I don't think bro sometimes it can be luck and sometimes it can be the sign to show you that your upcoming time is quite good. Haha anway i think OP should reconsider whatever he said as it is not possible at that if you are making good prfoit early its mis leading, it clearly means that your learnings are working good.

Good learnings brings good fortune this is my Qoute haha consider it.

I agree with this, there are a lot of newbies that started to trade just because of hype, and I can say that on their first trade, they tend to get profit immediately. I can say this because this is what I experienced before.
For sure these newbies are also driven by other people that can they see on the internet, which only show profits or winning trades to other people, which is really misleading.

Overall, I can say long-term and consistent is better than early profits. Always preserve the capital.

You do not need a deep understanding, but basic knowledge devoted to the aspects of privacy and the security of your currencies and the basics of trading is sufficient because a deep understanding requires time and this time may mean that you may join the ranks late.
Most of the people who invest in cryptocurrency do not understand it by 90% and most of us have not checked the white paper, the code of open source wallets or detailed knowledge of how the network works.

for me, a novice trader, the first thing to do is learn to trade properly, in this case, of course, a trader will apply his theoretical knowledge to real trading practice, so that he will not only learn techniques, but also psychology and money management, until finally they can be disciplined in the work plans that have been made, so that they can work according to their personal portfolio. that way you can trade in a healthy manner. for those who are trading for the first time and making a profit, it is feared that they will become arrogant and think that trading is easy, so that they will eventually fall into the trap and experience bigger losses

Novice traders who enjoy profits in the beginning maybe because they only have luck, even if they do not have the basic knowledge needed to trade.
In later trading, they will understand that, those profits will not come back when they do not know how to trade properly.

Personally, I am also among the early traders who experienced some types of losses, so I started to learn how to minimize these losses and learn about basic trading knowledge. In the early losses as a beginner, it will also be a good experience in order to avoid the same mistakes.

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I am fully convinced about your opinion. Even my understanding of cryptocurrency trading is not more than 70% because the science of cryptocurrency trading is very complex and has many strategies that can be adjusted.

Detailed things such as checking white papers, open source code, and some detailed knowledge about the network is already included in the Research Section, by doing detailed research we will know whether the project is worth investing in or not. But if you don't want to do in-depth research, Bitcoin is the first choice.

You have to be concerned about making profits from trading to build up the zeal that you need to focus on understanding trading even more, you are mixing hasty, and lack of patience with your point, newbies are always lacking patience when it involves money but everyone wants to be good at trading only because of the profit they can make off it.

Making profits after every trading is like gambling and winning, the feeling after winning always makes you mean that you are good enough, then you will start getting soft on yourself, this happens to everyone until they adjust their discipline level.

I don't understand what this has to do with misleading profits, nowbie traders are never even limited to doing their evaluations, and changes to strategy will be made when it's time and it's necessary. I personally won't switch to another strategy or change anything as long as the current one still provides consistent profits.

They want to make profit that is reason forced they joining the market and start trading. However, mostly they don't want to learn seriously before starting to trade.

When they usually join the market? At most hyped period that is mostly at peak area. Usually they will easily gain profit in early days of joining market and trade because market in such days will go up exponentially. They will think themselves as genius like "See, I did not have to learn trading seriously but I got great profit from trading. I will get more profit when I stay longer in the market!"

Unfortunately, shortly later, market will turn its direction after touching its peak and such traders will be killed by market. They don't have knowledge and experience to cut loss and protect their capital.

So profiting as a newbie would consider as misleading? Isn't that the point of good outcome? It seems like for a new traders that the very start of their trading and they already win it's maybe luck but I guarantee that those successful trades was made only for them to do their own research having enough knowledge to every move they do. Of course as they continues their journey in the trading world. They would meet a lot of challenges and some mistakes which could help them to improve. It can enhance their mental ability to have a wise decision also their emotional state to trade.

As you've said it's the learning that matters but for me don't make it that expensive at a loss just to get that learning. I get burned before but that wouldn't stop me from doing so on trading, I won't say that I'm that has huge profits these days considering the bear market but I'm into holding and buying cheap coins and tokens.

So far, it's back to the level of one's intelligence in managing loan money. As you said, rich people can turn borrowed money more profitable by investing it or putting it into a business. As long as I can find an alternative to borrow more money allocated, I will definitely do it. But still, everything will have a big risk too. During the Covid 19 pandemic, I borrowed around $1500 and bought Bitcoin. Back then we all knew the ideal price to buy with a predetermined interest return guarantee. As a result, everything went smoothly, and you were able to pay according to the agreement. What I learned is to make good use of investment moments, prices that went down during the pandemic gave me the opportunity to achieve more the following year.

There really isn't any such thing as a deep understanding anyway. Trading is, at the end of the day, a play on emotions. Any fool can take a good strategy and turn in into success/failure, the problem is always with lack of discipline.

I keep talking about statistics of traders. Regardless crypto or stocks, majority lose. Because majority are human.

White papers don't even exist these days for new coins :)

I will be a hypocrite if I will say not to this one. :D

I mean what is the main reason why you enter trading? Isn't it to earn money. Yes you're a newbie at that time, but still your mindset is to make money thru crypto trading. Learning and understanding trading is the first thing to do as a newbie yes, but still think about making money as well as much as possible. I mean like balance the 2 things.

I know that most of the newbies lose money most of the time, but I think there are still some newbies who are earning small amounts of money doing crypto trading as a newbie. I agree that you should learn first and understand at least the basics of trading, but you can still earn money even you're a newbie right? Only if you're lucky enough. :D

I don't think so.

It depends maybe, because if a newbie trader is making profits, there's nothing wrong thinking as if he cracked the code in trading. Earning profits is the reason why we are trading, so technically speaking, you're doing good if you're making profits most of the time. Though the growing part is still depends on the trader, because he could get bigger profits if he is going to keep on studying and learning different approach in order to get bigger profits.

But earning profits most of the time is not a bad thing as a newbie trader.

Some beginners who trade and can get their initial profits will feel they can understand trading well and make them confident to continue trading. This self-confidence will increase and sometimes they can become too confident in their abilities, so they don't want to continue learning and tend to underestimate things that can happen in the market.

While beginners who trade and experience losses continue to learn to trade, they can also get profits in the next trade. Even though they are big, slowly, they continue to study and trade and don't underestimate the small things. This allows them to develop better because they have experienced losses at the beginning but have not stopped learning.

If many people are willing to keep learning to trade, no matter the situation, they can make a profit. And it was only a matter of time that would give they had even greater future advantages.

I agree with your perspective that newbie traders should prioritize understanding trading rather than solely focusing on making profits. Trading involves risks, and without a solid understanding of the market and the tools and strategies involved in trading, it is easy for traders to make costly mistakes.

Additionally, trading is a long-term game, and making quick profits at the beginning may not necessarily be a sustainable approach to trading. It is important for newbie traders to develop a disciplined approach to trading and to focus on building a solid foundation of knowledge and experience.

That being said, making profits is still an important aspect of trading, as it is ultimately the goal of most traders. However, profits should be viewed as a byproduct of effective trading, rather than the sole focus of the trading journey

the real problem about trading is how they thinking about trading it self, it's not a gambling, some good traders who i meet a year ago say trading is a precision , its not about profit u got earlier and go back trade and feel u can do it again, its about the right time to in and out, how to get that, training , TA first then FA follow. He told me trading no need a luck , just a precision, well i talk like a pro but i still noob at it ;D

One of my mentor once told me that to be perfect you need follow and undergo this pattern; Failure-correction-success.
Is not bad to fail in your first attempt. You'll be corrected and then you might succeed in your next trial. However, as man is concerned, excess lose at the beginning will kill the spirit of motivation. Besides, it's not a must to lose before gaining.

Trading techniques differs in every person, some where too good in technical but still isn't able to get much profit, same if they only knew the fundamentals. It's through experience we will be able to realize what method will work best on our trading as it differs in every situation where in like if the market is at red or when there are news that affecting the pump and dump of prices. It's through experience we can say if our profit in our early trading is worth it or just luck to start in trading.

That "nonending" part of the learning process is the hardest thing people have hard time with. Some newbies make profit right away because we are on the bull run and yes that part is true, but some do it worse and learn just a bit, like a small bit of TA and profit from what they learned, which is great.

However, they keep on insisting doing the same thing over and over again on different markets expecting profit again because they learned something that makes them profit. Obviously that's not true, you need to keep learning and adjust based on the market but they are not aware of that unfortunately. This is even a bigger problem because they think they know how to, when they don't.

It is possible for trading to become like a gambling if a trader is blindly doing his trades. They don't use indicators, they don't analyze the charts, and others because they don't know how to do it and they don't bother learning it because they are too excited on doing the actual trading. Not all beginners can win a casino but if they win, they are free to withdraw and run.

Same goes with trading but it's already the nature of the humans to be greedy and try to come back to possibly earn more. They can do this better in trading than in gambling. If they fail in trading, they can learn from it and correct their mistake but this is not possible in gambling because gambling works randomly.

Trading is the basis that qualifies one to be a trader in the space. However it's not an easy job to lay down to mapped out entry points in the market. Trading techniques aides the trader to be more confident when dealing with the market, I've countless approach towards the market that made my account liquidates with immediate time. Early profits in trading most times change the mentality and mindset of the trader because greed is inevitable although it can be reduce to a minimal rate.

It’s rare to see newbie traders profiting in the market as most of them are into losing. Though beginner’s luck might exist, but majority of newbies still lose at first in trading and when they eventually become pro traders with enough experiences in trading, that’s the time they start being profitable and successful in their trades. However, if these newbies start making profitable trades than lose trades, maybe there are high chances that they will get to know and understand trading the wrong way. Trading should be learn the hard way, that’s why it’s never easy to trade and be successful when you trade without enough knowledge and experiences in it.

You are right but we know that this is somewhat could be called also on beginners luck just like when you do gamble.Yes, its true that it isnt similar but there are really indeed trade calls which we do able to get that profit even when we are just starting which does simply give out that kind of emotion and boost up that it would really be that just simple and this is where OP does particularly meant, but in reality we do know
on how these thing goes and how it would be ending up considering that we are just a newbie then we are really that prone to errors and mistakes.It would really be giving out that kind of impression
that it might be that simple but on the time you would really be dealing off things further then you would really be making out realizations.

It depends on our mindset in the first place. Some beginners make a profit right from the start of their trading journey and that could be because they have fully understood and adapted the basics of trading while some newbies could make profit and could think that the same thing will often happen and that trading is as easy as ABC. Our actual trading experience could teach us a lot of lessons and it is important for us to be knowledgeable about managing risks. We've all become newbies before so we know how it feels to fail and make a profit in the beginning and how it helped our journeys.

I agree with you. In trading we only run after profit.  Newbies always hope for profit and never consider about market.The most important thing for trading is knowledge of trading.  But many of the newbies don't have any knowledge about this.They never feel the need to analyze.  They think of trading as a gamble, so small profits make them very anxious.But later it is seen that the losses are more among the newcomers.  Then it is not possible to recover their losses.In old trades the probability of loss is very low, they know how to recover losses.They have enough knowledge and analysis of the market, so they are more likely to make a profit.

Newbies traders rarely make profits, if they are profiting they are not newbies.

I suggest dummy trading for newbies before jumping into real action. Maintaining a chart of buy and sell prices and evaluating their actions later on can help them keep track of their habits and mistakes.

It is not easy for newbies and is some what a full time job.

In the meantime they must also concentrate on their knowledge around bitcoin, how to keep it safe and the wallets they use.

How about this, a newbie starts trading and constantly get losses even when he knows he understood the market. What do you think such individual will most likely do, he'll quit and forget about the dreams he had of becoming a professional trader so life doesn't always work how we see it. It doesn't matter if you lose or win with your earliest traders.

What really matters is how consistent you'll be with perfecting your trading strategies so you excel on a long run. Early wins in trade can be misleading as well as early losses. Early win will make you too confident of yourself while early losses will make you lose confidence in yourself so don't let anyone define you.

Part of your statement is correct and I agree that a newbie trader should first focus on knowledge and improve trading skills before focusing and targeting a profit, it's just that building yourself with the right knowledge of trading but not making profits for a while, can break your patience themselves from these traders, because they lose money even though the activity carried out is the goal of making money, it's definitely not fun, so if in a while traders don't get profits even though they already have a lot of trading knowledge, they need to consider it because trading might not be suitable for him or still something went wrong in the trade.

No one wants to lose in investing and trading, but as a newbie, it is important to realize that trading is not for the masses, not everyone will survive and profit from it. For a newbie, I think that profit should not be seen as the main goal but knowledge and experience gained. It should also be determined that losses are inevitable, so when starting, beginners should only use the minimum amount of capital to limit losses. Failure is the mother of success, if you want to succeed, you must accept failure first.

Most of the crypto traders fails to get money because they don't want to get knowledge but they desires to make money quickly. Sometimes a person make investment or do trading but at start he face failure so because of this failure they leave behind it instead of considering this failure as a way of getting experience.

A person can get benefit from start but he should have complete knowledge about trading before starting it otherwise little knowledge can loss his money. It is true that trading is a way of getting money but a person should also realize that there is also a risk of losing money so keeping these both points in minds is necessary.

If a newbie trader starts on a winning note and continues to win, it will become a habit of him to always make profits in his trade and I think there is nothing wrong with that.
Every newbie must not lose all they have before they begin to make profits. There is when you will lose to a very extent and you become addicted to losing. So it is better they make profits so that they become addicted to profit-making. And on very bad day, they will loss they will understand that trading is all about making profits and making losses.

Most times, profit gives new investors more courage to learn and invest more.

If a new trader begins with losses, they may become discouraged along the way because emotion will play a role because it is not easy to lose some of the money they invest at the start of their trading career; therefore, I believe that starting with some profits will encourage them to learn quickly as well as understand the risk involved when they begin losing along the way.

I agree with OP's point, although profit is what we want when entering the market, being profitable too soon will do more harm than good to the investor in the long run. Those who make early profits will be egotistical and think that they are talented and can easily beat the market, they will sleep in victory. They don't know that what they have is luck, and luck will not be with them forever, the market will quickly take all back, and it will shock them.

Timing the market is one of the most difficult things to do, and even professional traders can mistime a market during some of their trades. One should simply keep two things in their mind when trading, first is that there is no actual bottom when they are buying, and there is no top price when they are willing to sell it back. So if you are getting a good price, just grab it, and wait for it to go up, and don't just keep waiting, but sell them when you feel like it.

If you follow this, you will probably be okay and will be out of many risks or even miss any opportunities by waiting for the perfect time. You can't time the market accurately unless you are too lucky.

Profits is every trader's priority and that's the major factor that boost the confidence of the traders in the market. I've been in that same position when I was a newbie in the space, however I was urged by my mentor to take things easy because everything is possible in the market. One can be making $200 currently, and the next minute, hugh loss will set in and emotions will be terrible at that moment. Luck is a special key in the market, although not all traders are opprtuned to be granted that, its most likely to be benefited by beginners.

If a trader knows exactly the real scenario in trading, he will always think that trading is never easy and that he should exert more effort to learn trading and develop working strategies that will make him profitable when trading. If he profited on his first trade, that’s good but it’s rare to see it’s happening as most newbies are inclined to more losses than gains. And when they lose, it just means that they need more trading knowledge and experience as it might open new opportunities to make their trades profitable.

Make yourself that been aware and having that realistic approach towards trading and you would really be realizing that it wont really be that something easy and attainable by everyone else.This would really be a

long pile of trial and error before you could able to find yourself be able to sustain.No one starts on being sustainable on their first try.Yes, you might be able to make some profits initially but it wont really be something that would really be sustaining.If you are that kind of person who do have that kind of impulsive emotion then for sure you would definitely be having that kind of approach where you would really
be believing or having in your mind that you will really be that able to make it without any problems which is really very wrong.

Well, it is what you feel and not really what should be. I suppose that's what we are doing on the forum, making inferences based on what we feel should be.

Either way, I know everyone comes to trade with the mindset of profit making and there isn't anything bad about that. Should you want loses, you won't wouldn't care about making doing any form of analysis. Just get in, in with the loses, have your experience on a lose and get out.

Since your about profit, you get yo do your analysis and take the outcome as it hits you and you learn from them.

Those newbies that make their first trades profitable are very well encouraged to continue and they're likely to stay because of how they've experienced profit at the first stage.

While the others have experienced terrible results, they're at an upperhand and will think that not so many newbies are getting their first trades as a win.

Whichever they think is right, whether the first tries are losses or wins, it's a matter of how eager they are to keep going in trading.

As the saying goes, from where you won, from where you lost. It is always good to be defeated in the first phase of life. When one is defeated in the first step he can achieve good things in future. One should not be successful at the beginning of life then he will find life easy. If a newbie trades with a small amount of money at first on the trading platform, he can learn slowly even if he loses at first. A beginner will become an experienced trader only when he experiences profit and loss.

Most of the newbies who enter the crypto space lack knowledge not only of crypto but also of crypto trading which should not be the habit of newcomers.

Need to know, study this thing first. It's the same even with novice businessmen, you can't immediately jump into a battle without even training and don't know how to fight. This is NOT the case here in the crypto business.

Sooner or later, you would be able to realize this on the time you had stepped your foot into the battle field.You might be able to make profits at first but it wont really be easy on the second time.
This is why it is really just that normal that you would really be needing to make up some research first and then continue to study and apply on what you do learn along the way specially
you do gain from actual experience.There's no way that you could really be able to make yourself do learn in one go.It would be a continous learning which is something
that needs up time and understanding on how things works.

This will only be possible if beginner traders are not really exposed to what real life trading is all about. Trading is actually losing and profiting, but in case for newbies, they are expected to lose more than to gain profits. So if a newbie is making a consistent profits, he must be lucky enough but that would not mean that he’s bound to make profits all the time. Trading is never easy, the reason why even professional traders still lose from trading considering they have been trading for years, so how much more for newbies who have less knowledge and experience when it comes to trading.

Learning should be our first priority, gains can be easier to achieve once we already have the capacity to do that. But unfortunately, many people are here to trade thinking that they can make money after registration, tomorrow, and in the following days. It is actually what they believe because it was also the thing they heard from these influencers on social media and on the internet. As we can see, many have tried but many also quit due to their wrong expectations. Those who really have hearts and are willing to correct their mistakes will stay as we know that trading is not for everybody.

Sometimes a trader can also make profit in his first trading session and also continue to make more profits ever after the first win.I even see it that when someone wins in the first trading session,it's a sign that trading will bring more profit than loses to the person,because it is always rare that one will win in his first trading session.It is a sign that good luck is about to be unfolded on the person.
I know quite well that trading experience comes from different loses,but one can also use another person to learn and therefore avoid the mistakes he is supposed to make in his first trade,and win rather than losing.Therefore,I am on the opinion that not all trading newbies that win on their first trading session will get difficulties as time goes on in trading,rather,it's a sign that he will be lucky on more future trading.

Our main goal in trading is to make profit but it shouldn't be the focus of newbies. They should focus on exploring things about trading but there are lucky beginners who get to deal with the volatility of the market and were able to make a profit which is still a good thing. They only need the proper mindset and be prepared for possible losses as it is part of our trading journey. It is fine to make a profit in the beginning but we shouldn't be overconfident to disregard the risks and make our winnings as our motivation.

Therefore, a beginner should not trade with big money from the very beginning. He need to allocate a small amount and test it on a certain number of transactions. And repeat this for several strategies, and only after that analyze the results. Perhaps one strategy works better than another, and so on.

But if, after testing several strategies, there is no positive result, then this should make wonder if it is worth continuing to pursue. It may be necessary to refine the strategy and try again if there is a desire to become a successful trader, but you should not think that this is just a temporary setback if a beginner is constantly losing money, this should be taken seriously, because we are talking about our money.

If they made their first profit in their first try, it can be a sign that they already learned but sometimes a newbie trader can also get lucky and made a profit even if they skip the learning part. This can be the one that is misleading because they will be tempted to try again even if most of their trades are not doing well anymore.

It might be possible to use another person to do trading for you but he is the ones that will learn and benefit more in the future, not you. Will you let that happen? And what if he decided to resign someday? What will happen to you? This is why it's still better to learn and trade on our own. We shouldn't be afraid of the mistakes because they can still be corrected and the losses can still turn into profits later on.

Traders has set it’s goal to be come professional and profitable traders in the long run, so regardless if he is a winner or loser at his first trades, that won’t really matter as his focus is to make the most in trading and maximize his profits through making successful trades. If he can’t do that, maybe he’s not really meant to be a good trader, or his skills and strategies are not good enough to make him a successful trader.

It will only be misleading if he opt to believe that trading is all about wins and profits. But if he’s an open minded trader and he knows that trading has its fair share of losing and winning, then I don’t think he will be misled. At some point, a trader might start his trade a successful one and that is very possible since he might be preparing for long in trading. Or he can start with a loss knowing his experience is not enough. But whatever it is, I don’t think our first trading results will matter, because what should matter is how we can be more able to maximize our profits and lessen the risk of losing in trading.

All of us wont really be having no choice because if you do have that kind of mindset initially specially when you are just starting up, then for sure you would really be that having those kind of insights but once the
reality would slapped into your face then you would really be realizing that it isnt really that simple as it seems.You have just that experienced on profiting but those are just introductions.
On the time you would really be going through then you would be able to witness and experience the bittersweet reality of this market which you didnt expect on the first place.
This is why making yourself that versatile and open-minded would really be that crucial.

Earning a profit is really our main goal in trading but this is impossible if you trade without knowledge and skill, and newbies certainly don't have. They should have to take in mind that trading is not easy and it needs preparation. Well, learning at least the basics could help but can't guarantee that it was enough for them to become profitable. If they really wanted to help themselves and are able to achieve their goal, they must urge themselves to learn more and enhance their skills - that should be their first priority.

for sure, a lot of noobs have their misconception when they got into this market. they thought, they can easily get huge profits once they plunge into trading. but they will surely get the real picture when they start losing some of their funds.
experience will be your weapon in this journey. the more years you are into this activity, the more strategies you will learn and imo, you will be better equip and avoid big losses.

Well, I don't advise newbies to start trading without knowing the basics of this field, that's too risky to be honest like this way you will literally lose what you have and get disappointed.
 For me, I would prefer reading some usefull books like, the crypto millionaire handbook and swing trading. Plus, it is really essential in order to learn how to read cryptocurrency charts and technical analysis.

Furthermore, It would be better for beginners to start with a low amount ( less than $200 ) due to profit isn't guaranteed in the beginnings. It might take a while to learn the crypto trading field well
And in my opinion, you should divide your budget on BTC and  ETH for long time profit  and some altcoins (such as Tron, Cardano, Solana and EOSà) for short term profit.

I recommend that new traders should first get a comprehensive understanding of trading rather than delving into the field without any proper research. I know that earning profits in the beginning can increase someone's confidence levels, but it can also be misleading the trader to believe that he/she has mastered the art of trading within short span of time.

Trading is a discipline that involves both profit and losses and this fact can't be neglected at all. It's always better to experience some losses in early days so one can use those experiences as a learning opportunities rather than getting greedy with those quick profits which can foster an inaccurate and fictional mindset about trading. New traders should learn trading step-by-step, and they should avoid investing their life savings into it, and I also recommend them to learn from the available educations resources and close watch the updates of the market.

The initial profits obtained by novice traders will be dangerous if they feel arrogant, where they feel that it is easy to profit from trading, and think that trading is easy to do, so that they dream of stopping working, and retiring, if daily profits are like those obtained at the beginning of trading. this is what will actually make beginner traders miserable because the market is cruel if we can't understand what they want. and when it happens like that then the next trade will be chaotic and ultimately frustrating

Those who choose to become full-time traders must, of course, have enough capital to be able to make daily profits. of course, they are professionals, not a beginner. initial luck will not last. there is a lot for a beginner in trading to learn. it's not as easy as just depositing money and then will withdraw it with a bigger amount.
every trader must have control, otherwise of course it will be dangerous to become obsessed with continuous profits.

Beginner traders need a lot of experience in trading. profit and loss is a very common thing. because of this, many people suggest not using a lot of money, and using minimal money in trading. However, the purpose of trading is to make a profit, if they get an advantage in the lesson, then it can be enjoyed. just don't get caught up with those advantages, because they can use the advantages to learn even more, until they are ready to trade a sizable amount. Trading for beginners will not be guaranteed to make a profit, but getting profit is the goal of trading. this applies to newbies too.

Well, I guess there's nothing more than warning about inevitable losses we can do for newbies who want to start trading. Of course we can recommend learn more about trading, not to risk with all money, not to risk too much, etc, but they'll likely make their own mistakes anyway. If they'll remember our warnings they'll can easier draw conclusions from their experience and probable be more cautious if they'll get profit from at the beginning, but what can we do else?

Giving warnings or not, they would really be experiencing for themselves on what the reality about trading.Losses are inevitable and something that you cant really be able to avoid even how professional

or expert you are on this field.When it comes to early profits then its normal because we do have that 50-50% chance whether the price going up or down basing on our entry point.

Therefore, on the time when you had just started and ended up on profitable, it is really just that part of human instincts on having that boost up of emotion.
You would really be having those thoughts that this would really be just easy peazzy..

I would refer to the early profits as being lucky in the first stage of trading, which is also a symbol of hope for the newbie to try hard. Trading involves a lot of logic and strategy, and the newbie must be vigilant to know which strategies they have combined to make their first profit; otherwise, if they feel they are too good for an early profit, they could be misled by their instinct.

Obviously, in trading, the only concern is how to make a profit.  With that, traders will do everything to get it.  They will strive to learn everything in order to get profit.  That includes learning the basics, and advancing into mastering trading.  Any trader can't just ignore profit, after all, that is the reason why we are trying hard to know the left and rights of trading. and all the options in the market.

As a newbie, it might be an upper hand to have beginner's luck but I am sure this newbie will strive hard to maintain that profit.  But all in all, we do all this kind of learning to make a profit.

It's a reality that some were able to trade with beginner's luck and end up profiting. But that does not guarantee that if you become profitable today, you will also be profitable the next time you trade. This is quite misleading for beginners as they initially think that when you trade, you will get tons of money after that, not realizing that trading is never easy and one who makes consistent profits may have also experience constant losing at first. However, the mindset of beginner traders will typically improve through his trading experiences.

Warning is good for learning: if a possible mistake is pointed out even if you make it you can easier understand what was done wrong. We can't prevent all the losses of newbies but we can try to highlight most common mistakes to help them learn faster and deeper. And experience of early profit is IMO not so bad as each experience is good if it analysed wisely basing on gotten knowledge. And advice of more experienced traders can be very valuable knowledge.

I won't necessary say it's luck, although we need luck in whatever we're doing but when you learnt what you're doing very well and understood it before you started practicing it then, you can get results that many others will call luck but you personally know it isn't just you been lucky but your hard work is finally paying off.

One mistakes many newbie that want to become professional traders make is that they don't dedicate their time to learning and practicing on how to trade, some just watch YouTube video then think they're now professional traders but it doesn't take long before they give up.

But will you say it's an unnecessary stroke of luck? Some newbies, like you said, put effort into learning, and when they start making profit, that's a win for them because they have taken their time and made a lot of effort to learn. But there're different kinds of newbies, some would not have really learned anything but just on trying a strategy and making one or two profits, they will assume they are professionals already. They become so overwhelmed by the profits and that was the reason I said it's only luck to those kinds of newbies. Before one can get so much profit in their trade, they may have tried other strategies, known the one that worked best, and on the process they may have also encountered some losses.

I just think that individuals participating in trading are because of one reason that is to make money so whenever they loss money at start so this thing make them disappointed. Everyone should start experience at first and it does not mean that you will not make money at start but it means that you will surely earn but when you fail to earn then you should have patience that time and think for the next step. Trading and investment is not a quick way to earn money so try to understand this thing because understanding about trading and and investment can help you to get profit. Losing is not the end but its Initiation of next successful step

Still, it is worth bearing in mind that much depends on the character of the individual.  There are some people who get knocked out by any failure. At first they trade successfully, but as soon as they make a small mistake, they become very nervous, and then they suddenly bet all their previous winnings and lose everything. Such people do not learn from their mistakes

Maybe not, maybe he just timed the coins that were bought in the hours before their value kicked in the market. What if the coins he bought really have potential, that means it's an advantage.

    How can we say that this is misleading if the coins that gave him profit when he was a beginner continue to increase and develop?
So I think it still depends on your choice of trading here in cryptocurrency.

I would rather prefer making money while learning rather than wanting to make losses just for the sake of the experience, ( I guess that is why we ought to learn from the mistakes of others and correct ours.)
I got your points mate but no matter how good one could be in trading, there are still big chances of still making losses but what truly matters is that the the profits are way more than the losses.
Whatever the case might be, I'm sure there are people like myself who enjoyed early profits and I made my first $2000 in trading synthetic indices just in 48 hours and I still made some losses after then but I believe the profits were More tan the losses.

 It's crucial to learn from past mistakes and make thoughtful decisions in the face of adversity. However, with patience and a disciplined approach to trading, anyone can improve their trading skills and achieve success in the long run.

Trading is indeed a unique thing because initial profits cannot guarantee whether it will continue to be profitable, I have invested in a lot of altcins and at first it looked promising, but after I held it longer what happened was the opposite because almost 99% of assets were lost because their value was worthless.

You need to make it a rule to consider as profit only what you managed to withdraw to your wallet after the completion of a profitable transaction. If the transaction has made a profit, but you still keep these funds on your trading account, then you understand that the risk of losing them is quite high. The habit of withdrawing profit to the wallet should become a rule that cannot be broken, I learned this from an experienced trader, and I can say that it really works.

Exactly mate and I've been an advocate of this very act over the years and I always tell people that no matter how small the profit would be, it is always advisable to take out the profits  at least at the end of the day's trade.
Traders especially the newbies should atleast focus more on learning than on making profits though making profits should be an added advantage.
And no matter how good ones trading skills could be, it is always advisable to always practice risk management as this one will help keep you in market.

I agree with you but wins are also as important as experiencing losses. Those two go hand in hand to make a person motivated while at the same time tempered well when it comes to trading. Lacking too much in any one of the two would only end up becoming detrimental in the future for a trader. Since it will most likely result in indecisiveness due to lack of confidence or too much of it.

So really, as a beginner, in times of bad trades, one should focus on the lessons and not on the losses. On the good ones, celebrate the small wins but don't get too full of one's self and over trade. One must stick to the trading plans and respect the market to know which strategies work and which ones needs to be changed. Because if not, the market will kick cocky traders right in the face and gain back that respect one way or another.

Your point is well taken, but when you consider the flip side of it, a new trader who has a small amount of money to trade entered the market because they didn't want to waste it in another way.

So I believe your point cannot be applied to these types of newbie traders, as they require sufficient knowledge before coming. What if we said that these new traders should lose for a while in order to learn how trading works properly.

OP Don't you think that losing the little money they had would demoralize them?

This brings category of traders into playing an important role here, In the sense that, there are traders who are very fast in learning , understanding and applying those principle of trading and are likely the set of traders that you would find start making profits at the early stage, because trading is all what you know and understanding of the market. whereas there are this 2nd set of traders that are fast in learning too, but will find it difficult to implement these rules involved with trading, while the last set of traders those that are slow in grapsing the whole concept about trading.

The bottom line is that your profiting in the world of trading,  actually begins with the time you start understanding the whole concept about trading, basically when you start applying those rules.

I absolutely agree with what you said OP. It is better for beginners to understand the basics of trading well before getting started. It might take few months to be able or capable to start in this field but it is definitely worth it. And remember that knowledge is literally potential power. Take your time by reading trading books , learning technical analyses and understanding crypto charts such as candlesticks signals and chart patterns.

Moreover, easy profit for beginners is a trap especially in beginnings. It gives you fake confidence and of course it is always temporary due market’s condition changes in every period , if you are not capable to analysis each one, then you will definitely fail and lose your balance.
Also, greediness and impatience has a negative impact on decisions of traders.

Profit is profit and you shouldnt really be having that kind of not being contented whenever you do make out a secure profit.Most common mistake of people is that they do aim for more and not really that grateful on the amount that they had recently made on. When we are still noob then it is really just that normal that we would really be having that impression that dealing with the market
is easy on the time that you do make out profits on your first few trades but on the time progress and the engagement would be even more then you would be finding out the
importance on seeking out for the best exit and take profits as much as you could.

with the wins that beginners keep getting, it could be luck or maybe because beginners follow a trade signal. and that will make them continue to depend on the signal given, because they don't have enough knowledge.
beginners believe in signals more than spending time learning trading techniques on their own. what they have in mind, trading crypto assets is very easy to make a profit. pseudo it is wrong thinking, but believe me more beginners have that kind of thinking.

There is no doubt that whenever one starts a new business or any activity, one may face many problems in the beginning. But there are many people who are in the profit cycle from the beginning and if they don't get the right profit, they think of themselves as a failure and get sidelined from the market. And because of inexperience, they consider the business to be damaging.When it comes to cryptocurrency, it is also a market where experience is very important and there are people who have complete knowledge and experience about the market. A new trader may be profitable for a few days but luck may not always favor him. Because he doesn't know what to buy at what place and where to sell what is the difference between investment and trading.In which direction is the market trending and is it bear market or bullish market?Because experience is the best teacher, traders who have experience can successfully complete their trades everywhere. When to enter the market and when to exit the market can only be done by an experienced trader.

that what is called beginners luck but still there are beginners that are not relying on trading signals, they do their dirty work which also lead to winnings and this means that they are now confident and they already thought that they already got the holy grail strategy to win which means it is a bad thing because they are now going to relax and not to learn more that is why losses in first-time trading is good as it will sink more in your mind.

Sorry to hear that, most altcoins are like that only and you have to move away from them. Dont invest any more in them but focus on bitcoin. Use the rest of the money to invest in stuff other than cryptocurrencies like stocks, commodities and other traditional assets. You will get better returns there than from altcoins.

Of course no profit is every guaranteed, you will face ups and downs in every sector but you have to weigh how much risk you can sustain vs rewards.

I am certain that every person here can profit if they do things like risk management properly.

It doesn't have to be every day, you can withdraw profits every week, because not all days can be successful, and withdrawing every day is a difficult task. Even depending on the type of trading, this may not always be every week, but the main idea should be to withdraw profits to the wallet from the trading account. Profit in trading is just as important, even while learning, as it will be an additional incentive for further learning.

Early profit can be misleading for newbie traders if greedyness entered to their mind. And what you have said already that it is obvious to understanding the all kinds of facts in trading to every traders for gaining profit in a trade. And if this happens will distracted, then in most cases new traders will have to face losses.
I tell from my real life experience when a friend of mine came to learn new trading after telling him about the possibility of profit in future trading he gave me some dollars to test it initially and later I was able to earn some dollar profit for the first time. And getting a good amount of profit in such a short period of time got him greedy and later he went to futures trading with a large amount and lost the entire fund because of not knowing about the liquidation.

The main focus is profits, so if a trader is prepared to make and withdraw profits every day that is great, just don't let this target get their trades screwed up because they are chasing the target. It doesn't matter what time it is, because the goal is to make a profit.
When trading I usually don't withdraw the entire amount of profit, I only withdraw 50% or 70%, because besides withdrawing profits, I also increase the amount of my capital when trading. Things like this are like trivial things, but if done consistently it really makes us more flexible in trading.

Learning nothing and going straight to tradings is a bad idea. The first step should always be to study the market. How it works at which time. Learn the basics and gather knowledge as much as you can. Then the second step is to try it out. You should always start with a very small amount, even if you have enough assets to start large tradings. Apply your knowledge and try to follow the rules. That way, you can also get the knowledge on how to control your emotions. This is a very important part. Loss or profits, doesn't matter, just follow the rules. It's getting hard? Try to follow some signals available on the internet and compare your calculations.
Next is to slightly increase your trading value. If one can keep this up, they can become a pro for sure. It's all about patience and following the rules and strategy.
One more thing I want to add is that newbies always choose future tradings first with higher leverage. Then they get liquidated. My advice is to start with DCA, then try out spot trading. If you can predict the market good, then move to future trading. And the high risk is still there.

While I agree with the OP's point, can I also point out that profit making is in trading shouldn't be ignored. Because if all you have experienced as a trader is loss, I can bet that you are already demoralized and demotivated to keep trading. As a newbie trader, it lies on you to find an equilibrium point between making profit and being grounded in the principle of trading. Make profit will keep you interested in trading.

How did you say that the early profit is misleading? Couldn't he just find the right time to make money here in crypto or in any business? Also, even if you are new to this, there are times when you can earn money right away while you are just starting to study in this kind of field of business in cryptocurrency. And this will always depend on the idea you can get here as an indibidual community in this industry anyway.

and making mistakes or losses in a row will lower a trader's confidence, therefore at least between profits and losses can be balanced, so that we will be more enthusiastic about dealing with trading. after that we can develop ourselves about the trading knowledge that we adhere to, so that the winning percentage can later increase, and continue to be improved until finally having a greater percentage of profits

Just like op heard said, early profits can be very misleading because one might be thinking that he does not need the help or tutor of any protraders around him because he had starting making some few dollars from the market. The can can be tricky atimes especially for those newbies who joined the market and start making profits immediately without passing through any difficulties or making loses. Although sometimes I see it as luck since the market moves in a different way from our general perspective and making profits from the market does not really mean that you are a good trader at the initial stage.

That's why they called newbie traders, right?

These newbie traders are still in the process of learning something and that includes learning those necessary things to do while doing trades. For sure, if these newbies are really serious on what they are doing, they will realized what's the best thing to do later on.

Just give them time. Even professional traders are having obviously a newbie mindset back when they are noobs. :)

Making money is the main goal of any trader, why else would you risk your existing money to make a profit? The main question now is do we focus on short term profit or long term profit. As a day trader the only real concern is short term profit and to repeat it regularly. The average investor is more concerned with medium to long term profits, which in my opinion involves much less risk than day trading. Any newbie to the trading world should not be focusing on short term profit in my opinion. Crypto prices tend to fluctuate a lot and it's hard to stay on top of the current trends. You are also right that we should be focusing more about learning and getting experience than making the highest possible return. But we should always keep an eye on the profitability of our trading strategies and if we are making losses we need might need to adapt to new market conditions.

I feel myself still a newbie in trading and most things I can advise are about how not to make the same silly mistakes I did or saw multiple times. Well, what is good in that I've got some experience is that I lose now much more rare than in the beginning, but if about earning I'd say that I get more from those deals which become more investing than trading. And I guess it's not so bad even if it is not too much. At least I usually do not go into the red when viewed in retrospect. ;D

Before they jump into any world, the most important thing to do is to study and understand that field. You are right, a professional trader is formed from a beginner who is serious about learning his field. In my opinion, there are many important points that a beginner must learn, one of which is by maintaining psychology, because they will be faced with losses that might traumatize them, and this greatly affects the psychology of beginners in trading. Beginners should not be too ambitious to pursue profits, because they have not fully mastered this field.

To me trading is a lot like gambling. And in gambling noobs are often lucky (only to lose a lot later). And the more you initially win, the more you eventually lose. So you need to be extra careful if your initial trades are successful.

I agree that early profits are misleading. There are different circumstances that might happen since there is no guarantee that you would get profit. It might happen to some people but not to all. Beginner's luck might come to your mind but keep in mind that market and economy is always changing. So, we should always be adaptable to these changes. Learn to assess the economy and see to it how you can apply your past experience to this current market. When you are newbie, it is best to explore the market cautiously so that you can gain experiences that you can use in the future.



I agree, there will always be a newbie era for us to everything that we will do. Mistakes are normal to have but it is best to minimize it so that damages would be minimized too. Also, we should always learn from these mistakes and never ever do it twice again. It is great to have experience since these would be very vital and useful to your future decisions.

It is a very difficult task to profit from trading in favor of a new trader. It becomes more difficult when a trader trades short term. There is  high price fluctuation in crypto where many experienced trader fail. So new traders comparatively should reduce the risk. In this case a trader always needs to be trading long term. A good return can be expected even after a long period of time. Which can further encourage new traders to crypto. However, new traders need to be habitual without thinking of profit from the beginning, which can give good gifts in the future.

Earning a project is what traders are thinking of, even newbies. We don't have to correct this mindset as this will motivate them, yes. But what we gonna do is telling these newbies that earning a profit is quite difficult in real life. It was important for them to know what is their status and to let them know that trading doesn't work easily but needs hard work so they never underestimate the market and the pressure and stress will get encounter. Because the more they understand trading, the more they will push themselves to learn more and to find what they really need in order to success.

Wont really be that bad on having that motivation in early steps that they do have in crypto space or within this market because this would really be a thing  that would be pushing them to do even more better

trades but of course when confidence do sets in then this is where mistakes would be starting to pile up.Just because you have those initial thoughts that trading is easy because you have profitted into those
earlier trades and then you do have into your mind that it was simple but its not really that simple as you do believe on on the time that you would be experiencing on how harshs
this market could be when it comes to moving prices or simply with the volatility aspect.

It's true that newbies need to know that from the start so they don't have high expectations,
be it investing or trading in crypto is very complex and the risk is also high,
better keep learning and it will really help in the future.

Every trader has different mindset in trading. Some started with losses, and so they tend to learn more so they can improve their trading and later on make profits. But some traders would never have the courage to continue trading, maybe they lose amount of huge funds already so they just decide to quit and leave trading for good. That’s the reason why every trader should trade with caution. Whether they lose or make profits at the start,  the important thing is on how they will continue trading by trying to avoid another losses and maximize their gains.

If you're the type that is graced with the opportunity to realize an early gain then you must also know that this is not a constant thing whereby you may continue to have such result over time, you put in your money to set in and also always get set in pulling out because for the fact that you made it early last time isn't applicable for all times, then also what you do with that your gain matters later because it will tell wether you spent it wisely or waste it all.

You know there are newbies who enter cryptocurrency who know the business they are entering, but most of the newbies who enter here don't really know cryptocurrency.
They just stumbled because of the hype so they were encouraged to invest even though they had no idea or knowledge yet. Meaning, these people are the ones who are misled because of the hype, and their desire to make money in a quick time which is not how the crypto business is designed.  So if you make money here even if you have no idea yet, it just means that you are lucky or you are lucky.

The usual mistakes majority of the traders are about expectations wherein they thought that trading is simple and they thought that they can just buy at lows and sell at highs to make profit without prior knowledge, mastering the basic and also enough experiences. It really takes time to become a profitable trader, so my advice is not to invest big amount of money in your 1st investment if you are a beginner trader. Start small and build it slowly, get a lot of experiences because for sure you will do a lot of newbie mistakes. The reason why only few traders are becoming profitable and successful is because they do not focus improving their skills as a trader. The greatest asset that we have is time, the opportunities in the market is unlimited so we can still find opportunities even we miss a lot of good trades.

By investing in yourself, you can easily increase your capital. My suggestion for the new traders out there is they should find first a legit system that can lessen their curve of learning. After you learned the basics like reading a chart, plotting support and resistance, identifying the trend and be familiar with some chart patterns. Then it is the best time for you to make your 1st investment.  Do not also feel any negative emotions if you have consecutive losses. It's normal, use it as fuel for you to be a profitable trader. Remember that it takes time to be a consistent profitable trader.

I fully agree with you. Newbie traders should first and foremost put in enough time and effort to fully understand trading before starting to focus on making a profit. It is important to understand that trading is a complex process that requires knowledge, skills and experience to be successful in the long run.
Making profits early in a trading career can be misleading and is not always a reliable indicator of future success. Newbie traders who suffer losses but continue to learn and analyze their mistakes can gain valuable experience and become more competent traders in the long run.

I believe the best thing to do is always to understand that risk is involved in trading and that making a profit is not a walk in the park. Imagine making it easy or something. It's better to gamble your money away if you are not going to utilize the knowledge that you can get by learning to trade. Consistency is a better indicator of success and not just results. But it can be a good indicator as long as it already has a large amount of data.

Whether new traders or old traders, everyone has the same goal to make a profit. No one trades to pay a loss. But one should not be so restless to make profit in the initial stage.  Because the elementary level is a level of learning. People usually learn at this level.
When people start a new business, people do not have enough business knowledge or experience in business. If a person has no idea or experience about business then how can that person earn profit like a successful businessman.  Same is the case with trading. There are many differences between a newbie trader and an experienced trader. Newbie traders would be foolish if they want to earn the same profits as experienced traders in the beginning.

Even if there is a loss in trading in the new situation, new traders should accept it and try to acquire sufficient knowledge about trading. If they practice practical training along with gaining enough knowledge then I think it won't take much time for a new trader to become an experienced trader. And if you are an experienced trader, it will be much easier to earn profit by trading.

Agree, win in trading you have to keep trading there will be gains and losses but giving up is foolish. The best approach will depend on your goals and risk tolerance as an investor if you are looking for short term gains and don't mind some risk, then trading can be a good option for you. If you are more interested in long-term growth and stability, holding your cryptocurrency may be a better choice.

I know in trading there will be risks of profit and loss. but for beginners, if they keep losing, it will decrease their interest in the trade being made. it is important to teach beginners in trading how to make a profit in trading. not all beginners have a firm feeling about every loss and will try again and again until they win. if teaching beginners to trade, do your best.

This is the best advice I have heard in a long time. Yes, time is the best asset we have in our hand. Many people have negative opinion on people starting trade at an early age. But if we do this, we will have more time to improve ourselves. Practice makes you perfect, and this is not something to joke about. It is true and it's a fact. Good trade, bad trade. It's all part of the system. You can't learn fully if you don't have experience on both. With all this opportunity and time in our hand, if taken the right approach, one can become pro that's for sure.

In my opinion, in this situation, you need to understand - did you make a profit because you used the right strategy, or were you just lucky?  

If you are just lucky, then it is likely that the next time you will receive losses as a financial result. If you made a profit using the right strategy, then answer yourself the question, is this strategy still relevant or already outdated?  

If the strategy is already outdated, then it needs to be updated or replaced with a new strategy (a strategy that will bring you profit).

Yes you are right that those Individuals who faces huge profit at start become addict to it so they cannot tolerate the losing of money later. At start when a person win regularly then he think that there is no better thing than this and they forget about its risks so in this case they put more and more money into it and finally when risk appears so they become scared of it. So it is important to take a start for just getting a lesson and think that whether you loss or win you will always accept it because a person with stronger mind accepts both and will eventually learns how to cope with these situations.

Regardless of how unappealing it might sound early profit can be a trap for major losses. Trading is a continuous learning business adventure in that even older traders keep updating their knowledge and at some point in their trading history no matter how long they have been into trading still record losses occasionally. It is better to spend the time and understand how trading work, enjoy the days of losses, that way it will build better momentum to face bigger obstacles and overcome them.


One thing early profit does to traders is that it makes the newbie believe they have mastered the act of trading. Some might even become so impatient to complete their course or training. They might also feel tempted to break out from their mentors or tutors feeling they have mastered all they need to know to make more profit. then maybe go has far as taking loans from friends and family members to trade and boom every thing crashes and they learn the hard way.

The main question, is on how about the second one? It would be still turning out to be profitable? Its true that people do become that confident on the time that they would be making up profits specially when they

are just starting up on which they would really be having those thoughts that they might really be that able to do it again.Just let them be able to be slapped by the reality because sooner or later they
would be able to find out on how hard on dealing up with a market which is really that unpredictable.

You wouldnt really be able to have a good grasps on the market on and make out some conclusions on just few tries.

What I consider to be misleading is a newbie trader not having the required knowledge to conduct thorough research using the fundamental and technical analysis before trading and also choosing altcoin instead of Bitcoin at the early stage of their trading journey.
Another mistake that I believe is misleading for newbie traders is not choosing a reputable and secure trading platform.

Those who are new to investing in crypto are definitely investing to make a profit. But I think trading should not be done just by investing and hoping to get profit. because sometime it will be seen that he will invest without knowing some idea about trading and later he will have to face huge loss. That is why it is best to think carefully before investing. And if you want to invest, you must follow the market analysis and other rules so that the investment can be successful.

You are right mate,and it is also good to know that the reason why they say early profit can be misleading is because in this business of trading, experience is very important,and winning do not bring experience most times,it is failure that does that.Failure makes you know so many things that you wouldn't have known if you had won,it also makes you have time to think and get a reflection of where you made mistakes,and gives you the avenue to be able to correct it.It also gives an experience and idea about more trading businesses.
I know winning is good,but the experience you have today will make you a more successful trader Tomorrow,and the experience is simply the failure or lose you have today.

I think it's understandable if a newbie trader doesn't do that. From the root word itself, they're just newbies and don't know much about FA and TA. But it's a good start as they'll get to know the actuality of what trading is and much better if they're able to earn from it.

This is just a problem of their preference but I guess most of the newbies heard of Coinbase, Binance and other popular exchanges that has been talked in the mainstream so, for me this isn't really a problem.

The challenge of handling loan money has come down to one's level of intelligence. As you mentioned, wealthy individuals can make borrowed funds more profitable by investing them or using them to launch a business. I will absolutely find a way to borrow more of the budgeted money if I can. However, there will always be a significant risk involved. I borrowed about $1500 during the Covid 19 pandemic and used it to purchase Bitcoin. Back then, everyone was aware of the perfect purchase price with an interest return guarantee. Everything went off without a hitch, and you were able to make the agreed-upon payment. What I learned is to take advantage of investing opportunities that the pandemic's lower prices afforded me.

Yes, I believe the newbies may already know or hear about Coinbase, Binance, and some other popular exchanges. However, Coinbase and Binance being popular and reputable don't make it a good exchange for some newbies. Do you know why? The newbie needs to understand the geographical rules, regulations, and restrictions of the exchange.

When you do step your foot into certain platforms then it should really be in default on checking out things like those you have given which is understandable because if you dont like to experience yourself
for some possible problems then its better to be mindful. Speaking about early profits then it would be normal on having this kind of approach on the time that we do make positive results
which it would be giving out  that impression that this thing would be simple but its not that actually true because things turns out to be messy when you do able to encounter
on how this market really behaves on a specific period of time which it would be giving out those kind of realizations.

You must understand that trading is not like gambling, where a complete novice can come and start winning all in the name of being lucky, trading is complex and totally different, trading requires knowledge and skills, without it, there is almost no way to profit.
So there is nothing like a newbie trader enjoying easy profit, if a supposed newbie somehow, is making consistent profit in trading, then he or she have probably mastered an important art of trading, there is no two ways about it, trading has nothing to do with being lucky.

That’s the reason why both profiting and losing shouldn’t be ignored. It’s okay if you are consistently making profits in trading because that’s a sign that you are applying what you have actually learned from your first trading experiences, but if you see yourself in consistent losses, I think that’s already a bad sign. Maybe you are just using wrong strategies or it’s just that, you are not meant to be a good trader. That way, you can just settle in hodling first.

^Early profit considering you are new in trading.
Newbie traders should first focus on understanding the market, developing their trading skills and knowledge, and learning how to manage risk effectively. This approach can help them make good trading decisions and avoid making impulsive decisions based solely on the desire to make a profit. Because for me, experiencing losses early on can serve as a valuable learning opportunity and help newbie traders develop resilience and patience, both of which are critical traits for successful trading in the long run.

Okay, how? We know that we should be healthy, wealthy and wise but many still are not. So it is not enough to say something well known, we need to know how to achieve that and not many know that. If you get an early profit how can you know that it is just a luck and not a result of your knowledge? If you have profit with a 10 year experience how to know that your profit is based on your knowledge and experience and it wasn't luck for all those years? Maybe some wise people can say that, but majority prefer to believe in their own abilities and it is natural. And to say that they should be wise... maybe we all should but not all of us know how.

One of them is by being aware of one's own abilities, I mean people (beginners) who have thoughts like that are people who are arrogant and think they have the ability and knowledge. Things like this are things that must be realized by themselves, because they themselves know the abilities that exist within themselves. To minimize them so that they don't become arrogant when they get early profits, one of them is to have them mentored by people who are more experienced. People who have already been in a space like this must understand what really happens in that first advantage.

Getting a more experienced mentor is a good idea, but if that mentor will say that you should be wise then he is not good. You never can know if you are wise or wise enough for some enterprise, it is not what you can know about yourself exactly. If you are too impulsive and need correct your trading basing on that knowledge you can know that and use that knowledge, if you are too fear of risks... You can know many things about yourself but hardly about if you are enough wise or not. So we need exact advice from mentors to not be mislead with an early profit and not general words of staying wise.

Every body want profit from trading and learning is mandatory for long term and constant profit. newbies early profit is not bad if one has also good knowledge of trading. I think it will increase the confidence of newbie like making century in first cricket game will give more confidence to player.

Newbies can learn from loses but its negative point is that one can stop trading because of early losing because its will make him discouraged they he cannot make profit. learnings basic trading rules and tools is enough for newbie. i agree that loses will make him strong traders and he will be able to trade in any condition and will ready for any lost which is possible in crypto but u mentioned some negative point also. In short i think making profit in start is not bad.

Or it will scare off from trading. In one hand getting early income can make a trader careless, but in another hand early losses can demotivate in trading at all, because the one can think trading is too hard and it is better not to risk. Well, hand on heart, I don't even know if it is bad. Trading is not for each and every so if someone will decide not to trade... maybe it is even good. But if we expect someone to become an experienced trader then it is good to have as positive as negative experience, IMO.

I completely agree with you. I think that new traders should focus on learning and understanding the market before focusing solely on making a profit. It's important for them to be aware of the risks involved in trading and understand the different strategies that can be used to make a profit.

In my opinion, a trader who is able to manage risk effectively and has a solid understanding of the market is much more likely to be successful in the long run, even if they experience some losses at the beginning. So, it's important for new traders to prioritize learning and understanding the market, rather than just focusing on making a profit.

Just let them be on what they've been thinking because once reality would be slapping out into their faces then for sure they would really be making those kind of realizations that dealing up with this market isnt something that you could really be able to joke upon or wouldnt really be taking it seriously. Beginners luck or those initial profitable trades could really give out that kind of impression on the time you been able to start up.We are just humans where those wrong first impressions would really be that common and now we are starting to believe that
trading is easy and something that we could do this all day and make ourselves rich in no time.

This is why its really that important to have that realistic approach when dealing up with trading because if you do stick with that kind of impression or beliefs on first try then you are really
that putting yourself into that possible risks which might cause up some huge losses later on. So better be wary as early as you can because
having those bad or wrong mindset could lead up into a disaster.

Newbie traders should focus on learning the ins and outs of trading rather than just chasing profits. I think it's crucial for them to understand the risks and complexities associated with trading before they set their sights on making money.

Sure, early profits might feel great, but they could also lead to overconfidence and a lack of preparedness for when the market takes a downturn.

I suggest that new traders concentrate on building a strong foundation of knowledge and skills, which will ultimately help them make more informed decisions and become better traders in the long run.

Losses can actually be valuable learning experiences if they encourage traders to analyze their mistakes and refine their strategies. Let's not overlook the importance of learning and growing as a trader, rather than just focusing on making profits.

Its all about control of emotions. Becoming euphoria on a profit or becoming demoralized on a loss are both bad for a trader, they have to remain humble and neutral to be able to make the next trade with finesse. Both profit and loss will happen during any trader's journey, so taking the losses as lessons is not easy for most, after all it is their hard earned money.

To be able to play it safe, they should just go with the buy low sell high method in long term. Day trading and other non-spot trading methods will only lead to losses more than profits, actually because they are gambling. This method is time tested and it will give you profit if you have enough patience and time at hand.

I think it's just the opposite. long-held gains are the most deceptive. I even experienced it myself, if the coin is at the peak of the bull, there is no reason to hold it, even if it goes up, the risk when holding it is much higher. I experience this very often, it's good to take advantage early. especially if the project has just been listed on the market. playing the price with fast time is the best to make profit.

After a successful transaction, you should also not rush to open new transactions, they can be carried out on emotions, and this is not very good, besides, in trading, like in any other work, you need rest, so when you close a successful transaction, you can simply do some period of rest. In this way, our emotional state can be more resilient as we allow it to recover. This all comes with experience, but at first it may seem that more is better.

If you don't want to get stuck at the highest price, then don't buy at that range to start investing. While you can take profits at the highest peak of the price "ATH"  - without a doubt it is recommended if you are simply a cyclical or seasonal investor. After all it really depends on your plans regarding investment, so this should be a normal practice that can't be faulted.

Scalping for the short term is great, but what you need to avoid is gambling on the bitcoin price, I mean it's kind of investing hoping your luck brings 2x, 3x or more returns. But try to understand properly, bitcoin is an asset that has the potential to become more expensive year after year so profits in the long term is something that has a high chance of getting.



Maybe, but not all.

I agree with your opinion. Making a profit is an important aspect of trading, but novice traders should also pay attention to mastering the fundamental and technical aspects of trading. This includes an understanding of trading instruments, the ability to analyze the market and make informed decisions.
Newbie traders who start their careers with easy profits may feel confident, but if they do not understand what is behind their success, they can easily lose their money in the future. On the other hand, if a novice trader starts his career with losses, he may consider it a failure, but if he continues to learn the trade and overcome his mistakes, he may become a more successful trader in the future.

Initial profits is common on which we could say or pertain about beginners luck but sustaining it would be the main issue due to lack of skills and knowledge and this is where you would be already minding that you

should be learning more. Then how? Of course you would really be keeping on doing trading and learn up all the things that you should be learning on the way.This doesnt involved on short time duration but rather it would be a long one which you would be able to experience lots of trial and errors along the way which i could say that it would be normal. I couldn't really blame out those noobs who would really be having those thoughts that it would really be just easy or simply.
On the time that reality would be faced on then you would really be realizing that you do still have a long way to go on for you to have that good grasps on everything.

I don't know about everybody, but within me, I know when things happen to me based on sheer luck. I've been in situations where I did something and it worked perfectly and everybody started seeing me as a pro but deep down I knew I was just lucky and I started feeling like a fraud.

I kind of agree with what @Jody.Drummer said. When you are aware of your own abilities you should know when you are not good enough to achieve the result you achieved. Some people might say it's limiting yourself but I don't agree. It's just you being true to yourself and being realistic.
Saying you're not too good at something doesn't mean you're limiting yourself, I believe it's you acknowledging that you are not good enough but you are ready and willing to improve.

Impostor syndrome can also make problems. Many others are not more professional in many cases and it is important to keep balance in evaluating your possibilities: not to think you can everything when you have a lack of information but not to underestimate your abilities when you start to understand how complicated things are also.

And of course additional education and self-development are always good, non depending on an actual level of professionalism.

it all depends on how a person does things for the future because everyone is different, there are those who will develop better by continuing to learn, there are also those who seem to stop learning and do what they can.
actually getting an advantage at the beginning will be a separate motivation for everyone but back again as before that every time people understand it in a different way.
Getting profit or not is actually a natural condition when we are just doing it, but how can we continue to learn and be consistent to be able to get it all, in my opinion, is the key.

Motivation and indeed consistency on what you are doing because if you do have already set up some goals earlier then it would be depending whether these things would be altered out or not. It does really depend
on what you actions would really are and this isnt something that you could ignore it out.If you wont act then you wont really be seeing yourself on having those progress.I agree on what @Hamphser said above that noobs would really be diving in into something without even trying to rethink on what they've been involving into and just simply invest and trade out without having those kind of awareness.

Early profits could really be something that give out some boost specially if its your first time.You would really be having thoughts that you can do this all  day and would really be making huge profits
in no time which it is really that a bad thing to have in mind. When you do profit then try to look back on what you have done because the market is really that very dynamic on which it could
changed and shift up on different pathways neither up or down in a blink of an eye.This is why you should really be that versatile.

Profit is the goal of all traders who carry out their activities in trading crypto as well as stocks. The strategies and methods that must be mastered by a trader to achieve his goals are important aspects or the main capital after money capital.
The strategies and methods that must be mastered by them include the ability to read information and analyze market opportunities. I call it a road or a bridge to a goal.

This is no different from what I said above.
In terms of philosophy know yourself, ^{learn not to be greedy with good skills in managing emotions}, know the environment, ^{understand the ups and down cycles, coin opportunities that have a large community and a strong foundation}, then success will be achieved greater than experiencing loss.

To some extent I agree with you , but this is when you've become over excited or overreacted about the profit , for me early profit is used to be an encouragement to actually play safe than hitting a lose at the first place, beginning with a lose can do more harm than good as a trader and lot of people quits at this point, because it alter your emotions if not controlled. However some people would think they've already arrived and have gotten it right or the right strategy to begin with when they first make profit. Whenever I start with 1-3 profits I'm always cautious about my next trade.

Self-awareness is clearly very important in this case because regardless of anything, looking at the current condition, when we can still be said to be beginners and have succeeded several times, it doesn't mean that we can say that we are professionals because luck might still be on our side. .
Low self-esteem is needed here, but when something like this happens, of course, it is also difficult for us to control the Ego, which always pervades, which makes this a hassle. therefore so that things like this don't happen, always limit yourself by being humble and by seeking more information and new knowledge so that we are not wrong in acting and of course doing it by looking for several mentors who can indeed be used as role models can still be done so that we don't big head in the end.

One common thing attributed to making an early profit on investment is the luck factor, once they make an attempt and hit the target on this first approach, they believe that things will always be as thesame always and therefore they relax down and the next thing you see is the other side of it all, hitting them unexpectedly where they could hardly recover from, in every trading we do, we must always be on alert, anything can try to show up entirely different from what we expected, but once we see it coming, we could prepare and plan against such.

However, some novice traders are profitable in their early stages of trading. That is why people believe trading is simple. So, because they believe trading is simple, they are very confident in increasing their margin, which is extremely risky. So even if they lose just one trade, their profit from all his winning trades will disappear.

But this does not mean that it is better to lose in trading, you know it is difficult to handle emotions especially if you are new to trading.

Well, I agree. But isn't it good to profit at first because it just shows that what you have learned before you try to trade does work? Profit is better than losses in your first try because it can encourage you to do better so you can gain more. But if you become complacent after that because of your thinking that it's easy then that's the problem.

As a trader, you need to improve your strategy, analysis and continue to learn. Gaining at first doesn't mean the next result would stay the same and it is one thing that a trader should be aware of especially for the newbies who are thinking it is not hard to be a trader.

Losing is really frustrating on your first attempt and you could really think about quitting. But a person who comes into trading knowing that this could possibly happen to them, no way they'll think about it but rather make it a reason why they need to improve their knowledge and trading skill. This kind of mindset will obviously have the chance to grow and reach their goal. But for those who think trading is just easy, I was certain that when they suffer losses, they will blame the market but not themselves.

You have a point, OP, but if you give it some more thought, you'll see that making money right away might motivate a beginner to stick around and give it another shot. A trader may decide to stop trading and opt for their personal peace of mind if they experience too many losses without any gains. A mental collapse might result from trading losses if one is not well prepared before starting. Both points are valid; either they aren't overly exposed to profit, or they make just enough to keep them engaged in the trading process.

I agree on that if we are a trader we need to be patience if we loss it is normal because we are a newbie and there are a lot of things or strategy that we need to know to make our trades perfect, it is also normal to loss even expert also loss the most important is to know how to stand back again.

The goal is to make profit, I don't think any one will trade and would not desire to get profits. The result we get in trading tells if what we have learnt is really understood or their is more to understand to get a better result in trading. Young traders needs to understand trading , and if no good result in trading I think their is need to be concerned about it.  But if one only thinks of making profits and doesn’t work towards it by getting more understanding,  at this point their is need for the person to quit and go back to the basic things that is supposed be known.

Yes early profit is very helpful for a trader specially newbies. For early profit mantality for a beginner is very dangerous. Because he think it is very easy to trade and easy to profit from trading. But for this miss massage a new trader will destroy his valuable fund. Without proper knowledge trading shouldn’t for appropriate for a trader. So i told that please learn properly. Then come to trade. Some times profit is not real trade.

Of course that's a basic mistake as a beginner. As traders, of course we hope to get consistent and sustainable profits in the long term. However, there are some novice traders who may be tempted to use inconsistent trading strategies or rely solely on luck to make profits. Because trading requires sufficient basic knowledge and experience to be successful in the long run. Luck might be able to help someone get a profit in the early days of trading, but if it is not supported by sufficient basic knowledge, then this luck will not last long.

This can be a problem in the long term because trading strategies that are inconsistent or rely on luck are not sustainable in the long term. Beginner traders also often do not have sufficient experience in evaluating and changing trading strategies as needed.

Because in trading, there is no guaranteed profit, but with sufficient knowledge and experience, traders can minimize the risk of loss and increase the chances of consistently making profits. Therefore, it is important for novice traders to always learn and develop their trading skills in order to be successful in the long term.

I completely agree with you. Making profit should not be the only concern for newbie traders. It is essential to focus on learning and understanding the market dynamics, risk management, and developing a trading strategy. Trading is not a get-rich-quick scheme, and losses are a part of the learning process. By prioritizing knowledge over profits, newbie traders can build a strong foundation for their trading career and increase their chances of long-term success.

When you are still on your newbie days then you would definitely be having that kind of mindset or belief that would be formed along the way specially when you are really that making money or profit on first try.
It cant really be that so long before you would really be able to experience losses which it would really be making out some realizations which is something a very common scenario to experience on.
Early profit is good but be sure that you should be prepared on what comes next.This isnt really just an easy thing which you could just simply put and make profit.

There's no way for someone who could really just sail out on this market so easy and this is why it would be better to make yourself get prepared because this isnt how something that you could
easily deal with. Making profits could really be that exciting at the same time you should really be wise on what further actions that you should really be preparing into.

Definitely depends on the project and the place it is going towards. Like for example if we are talking about long term bitcoin holding, even if you are holding when it's at peak price, if you didn't buy at the peak price then it doesn't matter.

My idea has always been more about buying bitcoin and not selling it at any point, buy it when it is 1k, buy it when it is 5k, buy it when it is 15k, and buy it when it is 100k, keep buying it whatever the price is. The logic is that, maybe I can trade and make more money if I sell at the top and buy at the bottom, but I may miss that and make a loss, however if I keep buying bitcoin then it should not be an issue and we will be doing fine without a worry. I personally am doing as fine as it gets, and do not feel worried about it at all.

Many traders get over excited then they begin posting the results of their trade on the internet to brag about how good they have become or to make themselves look like they're winning. After that bragging, they then return to the reality and try to make more profits so they can continue what they started but that's not how it works out.

The pressure will make it difficult to win other trades which will leads to their trading downfall. It's important for new traders for them not to brag about their early victory. The have to wait until they're consistent with the profiting trades before they can brag about it.

By the way, this is an interesting question: when should a beginner consider quitting trading, how long can a beginner trade without profit? The obvious answer would be until the money runs out, but what I mean is that in the beginning a beginner starts trading with small funds to check how good he is at trading, and if the results are bad at first, this means that he should stop trading, or he needs to study more trade.

In this case, everything will be individual, how persistent a person is, how much he is able to use risk management and distribute funds. With proper knowledge, a trader is able to earn money, but this activity is not for everyone. You can't just get into trading and be successful.

Correct. Beginners should care more about how they can adapt to everything they invest or trade. if they want to take profits from the start, maybe they don't measure how far the market will decline after the bull run takes place so they hold it until they cross the limit of the bull run itself.

Whether you would brag it or not, there's no way on escaping the inevitable on which trading is never been simple in the first place on which you would be facing up the reality on how you would be making

yourself that profitable.There's no way that you could be able to have that fast track on knowing everything and into those times on which you do make out some profits when you are just starting up, then dont get too cocky or really that too confident that it is already the end because there would really be so much things which needed to be learn up first before you can call yourself to be a profitable trader. Also, on the time that you would become that veteran then you wouldnt really be having that kind of impulsive emotion on tending to share up on whatever or everything you do specially
on profitable trades.

Real professional or sustaining traders are the ones who are really that low key or really not that have the behavior on boasting up their trading results every now and then.
There's no way that you could really be that so confident on doing so on the time you would be realizing on how hard it would be on dealing up with this market.

Newbie traders first want to increase their risk of profit. I believe that those who are new investors should acquire enough knowledge and skills to have a good understanding of crypto. A new investor thinks that once they invest, profits will come soon but basically most people are vulnerable to such misconceptions. Those people must be highly educated about their investments from an early stage if they want to make a profit. If the newbie invests by acquiring knowledge and skills and experience as advised by successful investors then profits can definitely be earned. And if you follow all these tips, definitely the newbies will get good profit by trading and they will have no location or risk in future.