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Author Topic: PROFIT must not be top priority in trading, instead of LEARNING first.  (Read 702 times)
ice18
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March 13, 2022, 12:42:47 PM
 #101

This is how newbie lost money on crypto they are too hurry to earn huge amount of money without knowing big risk on crypto trading, they only realized to learn first trading and gain knowledge once they lost huge amount of money which is really unfortunately especially if your newbie and your funds are limited.   

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March 13, 2022, 03:10:17 PM
 #102

This is how newbie lost money on crypto they are too hurry to earn huge amount of money without knowing big risk on crypto trading, they only realized to learn first trading and gain knowledge once they lost huge amount of money which is really unfortunately especially if your newbie and your funds are limited.   

Their expectations eating them much that's why they will be slap by reality that its hard to gain on trading if you don't learn it first. Also its good if they learn and continue if they lose their money because its worse decision if they quite and became a cry baby if they feel they are losing to much on what supposed to be they think they can earn profit with.

And for newbies who have limited funds then I guess the best option before taking the risk is to learn more the technicals and trade once you understand the certain market scenarios that we can encounter.

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sana54210
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March 13, 2022, 08:14:30 PM
 #103

I think it is a generally expected sense that you ought to learn and acquiring information through real exchanges yet the vast majority of the new dealers are too eager to even consider procuring benefit and wound up losing. The point of learning is for one to recognize the most ideal exchanging methodology they can work with which continues to create a bigger number of gains than misfortunes over an exchanging period.
The newbies usually see people like you and me end up making profit and they consider the fact that they could make the same type of profit as well. The reality is that we may have worked a lot and learned and studied but they think that people are making insane returns so why shouldn't we.

Another reason is that they do not see regular returns like I do, I am not doing bad but nothing unbelievable neither. However, they end up seeing people who turned 8k into shiba becoming 1+ billion dollars type of things and they start dreaming about making big money. Don't get me wrong, I do dream about that type of thing even after so many years but that doesn't mean that I am not being careful while trading neither.
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March 13, 2022, 08:58:59 PM
 #104

Are we really separating them from each other though? I mean you are learning because you want to profit, which means that your priority is profiting and not learning. The meaning of the word priority means you do something, and it doesn't have the your priority, you could do something to get something else. When you are playing football, the priority is to win, it is not to play.

The same thing here, you do learn, but that is not priority, you learn because you want to profit. Sure there must be some people who learn for just learnings sake and that is understandable but that doesn't mean that it is the case for everyone and you have to get better at it for sure.
rojan
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March 14, 2022, 05:11:38 PM
 #105

Actually they are both top priorities. Your goal is to make profit that's why you risk your money with your knowledge about trading. Losing can't be avoided, because losing means you'll gain experience or be frustrated on it, it's your choice. Losing a trade doesn't mean you'll go back to square one, losing means you'll start a new one with some additional knowledge you just got by losing, and that's increase your chances on your goal which is to make profits.

Indeed, profit and learning must be both top priorities of a trader. It always depends on how traders take each winning or losing moments, but if one will go through the deepest essence of each moments then it can be understood that experiences through triumphs and tough positions will surely give learnings. And that valuable lessons or monetary gains are both profit on their very essence.
It can be both of them are our priorities but we can't have them both together in a single set. There is one top priority that we need to address first and that is learning.
It was going to believe that having knowledge about trading will lead to somewhat called success and more profit. We can't dare hide this and the truth is that those people who are rushing to the market just fail. I guess we don't like it, not for sure and that is one reason why we should do searches, watch tutorials, and even have a mentor.
What is noticeable here is the mutual benefit and both must be a trader's top priority. It always depends on how the traders take their every win or every moment of their hand.  Will teach and those assessment lessons or rights gains will both be seen and benefited in them

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March 14, 2022, 05:39:23 PM
 #106

This is how newbie lost money on crypto they are too hurry to earn huge amount of money without knowing big risk on crypto trading, they only realized to learn first trading and gain knowledge once they lost huge amount of money which is really unfortunately especially if your newbie and your funds are limited.   

Their expectations eating them much that's why they will be slap by reality that its hard to gain on trading if you don't learn it first. Also its good if they learn and continue if they lose their money because its worse decision if they quite and became a cry baby if they feel they are losing to much on what supposed to be they think they can earn profit with.

And for newbies who have limited funds then I guess the best option before taking the risk is to learn more the technicals and trade once you understand the certain market scenarios that we can encounter.
Once the reality would slap out into their faces then this is the time that they would do the things correctly or in right but on before then they would really be having those kind of expectations and mindset which

it isnt right but sooner or later they would really able to experience the reality of this market which it is something not would be that easy.Learning is the key but of course it would be acquired through real experience

and once you do able to have some good grasps on it then this is where you do able to handle out yourself and survive this fierce market.

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March 14, 2022, 05:49:19 PM
 #107

I think it is a generally expected sense that you ought to learn and acquiring information through real exchanges yet the vast majority of the new dealers are too eager to even consider procuring benefit and wound up losing. The point of learning is for one to recognize the most ideal exchanging methodology they can work with which continues to create a bigger number of gains than misfortunes over an exchanging period.
The newbies usually see people like you and me end up making profit and they consider the fact that they could make the same type of profit as well. The reality is that we may have worked a lot and learned and studied but they think that people are making insane returns so why shouldn't we.

Another reason is that they do not see regular returns like I do, I am not doing bad but nothing unbelievable neither. However, they end up seeing people who turned 8k into shiba becoming 1+ billion dollars type of things and they start dreaming about making big money. Don't get me wrong, I do dream about that type of thing even after so many years but that doesn't mean that I am not being careful while trading neither.

That's something to remember. If you see the way newbie thinks about this industry, you are mostly leading your investment to lose. It's not easy to be successful from here. You need to invest with time to enhance your knowledge and to build a strong personality to conquer your fear each time the market seems not favoring your position.

There are many factors to understand and it's true to think about learning the process first and the rest will be given to you once you fully understand the sway inside the market.

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March 14, 2022, 06:41:37 PM
 #108

This is how newbie lost money on crypto they are too hurry to earn huge amount of money without knowing big risk on crypto trading, they only realized to learn first trading and gain knowledge once they lost huge amount of money which is really unfortunately especially if your newbie and your funds are limited.   
too late to realize something will have a bad impact...

learning it is very important, especially in trading related to money. Those who don't want to learn and think that trading skills can be mastered at any time will end up with big regrets for losing money. before starting anything, especially trading, make it a habit to find out in advance what the risks will be and always discuss with the trading community because you and they have the same interests.

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wiss19
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March 15, 2022, 05:48:05 AM
 #109

It’s good to learn Crypto currency trading, and if after learning it you feel that it is something that is not meant for you, then you can just start from there to quit. I always try to be clear with anyone I meet, I always tell them that cryptocurrency is a risky business to engage in, and if you feel that you cannot do it, then it’s best to just look for something else or another way to invest in Bitcoin, you can even just be investing and holding for long term.

If you try to force yourself into trading, and it is not working, if you keep forcing it, it’s just going to be losses upon losses, at the end of the day you will just be frustrated.
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