PROFIT must not be top priority in trading, instead of LEARNING first.

[Anguwa]

I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.

Actually, knowledge should be the first thing one should obtain before focusing on how much profit or gain one should expect. Many beginners, on the other hand, skip information and jump right into trading, all in the name of trying their luck, but when it doesn't work, they panic, and that's when they realize it's better to gain extensive knowledge before starting to trade and earn for profit.

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[jaberwock]

I believe the reason why some are skipping the hard work is because they thought that getting into this crypto market, is like always the get-rich-quick concept that they have been reading. They don't know that some of them are just because of luck but mostly, because of the hard work of the trader. But later on, they will realize that there's more than meets the eye here. They will learn their own lessons in time.

The problem is usually because of the kind of news that the media disseminates; the media is always making it seem like it is so easy for anyone to get on cryptocurrency trading and get rich the next day, but that’s not how things works here. They are always spreading the news about how people became millionaires because they were trading or investing in Bitcoin, but they hardly share stories that reveals the other side of cryptocurrency investment;the risk part of it.

There are lots of people who are losing money in the market more than those who have turned millionaire. And only a few that able to know to gain knowledge first, are the ones that don’t fall into this trap.

[darewaller]

I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.

Yeah that’s right. But it’s usually difficult for most people, considering how long they might have to learn about trading and how they can go about making profit. That’s why a lot of people are always failing in trading and they are losing money, and they still don’t want to take their time out to learn, majority don’t have that kind of patience. But for those who really do, it always pays off at the end.

Profit is the aim, but traders have to understand that without knowledge you’re not going anywhere at all, you’re just going to keep losing money, and what’s the need, when you’re not even making profit from it at all? So, the first thing we have to do is to chill and leave profit and talk about knowledge, when you have gotten that knowledge, you can then start your trading and focus on using the knowledge you have got to make profit.

[tygeade]

I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.

It's going to be a bad experience because it was your first time to lose but when you know that it was your first time and you don't have knowledge yet, why would you put too much money? It was also your fault on why you feel really bad.

If you keep on losing you will soon realize that there must be something wrong with the way you trade. You're not stupid enough to continue your old strategy because that can only lead to more losses but you will rework it and you will find yourself researching on how to improve yourself in trading. The chance to earn a profit should now be possible but I won't say it's now easier. Nothing is easy on here.

[judaspriest]

I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.

Actually, knowledge should be the first thing one should obtain before focusing on how much profit or gain one should expect. Many beginners, on the other hand, skip information and jump right into trading, all in the name of trying their luck, but when it doesn't work, they panic, and that's when they realize it's better to gain extensive knowledge before starting to trade and earn for profit.

I believe the reason why some are skipping the hard work is because they thought that getting into this crypto market, is like always the get-rich-quick concept that they have been reading. They don't know that some of them are just because of luck but mostly, because of the hard work of the trader. But later on, they will realize that there's more than meets the eye here. They will learn their own lessons in time.

Some of them may misinterpret it so they think that in crypto it can make instant profit,
basically all of that requires a process and I think that's what everyone should be aware of before entering the crypto world,
Becoming a professional trader of course at first has to work hard and spend a lot of time learning

[Fredomago]

When I started crypto trading I was not after the profit first, afterall I started with maximum of $100 the amount of money I can afford to lose, though I had streak of loses however I was just learning and testing my strategy as well as controlling my emotions while live trading, having the mindset of learning, practicing and experimenting first which will definitely span a long period of time, though I haven't accomplish my aim yet, however I had gained a lot of charting time, learnt candlestick patterns and I was able to devise my own personal strategy based on TA and Price Action plus two indicators EMA and RSI.

You did the right thing, experienced will give you broader ideas on how to work with the industry like this, it's not an easy buy low and sell high strategy but to understand how the flow is being influenced, what are the grounds and what's the nearest pattern to form your strategy, it's gives you more knowledge on how to anticipate and how to both lessen your risk and strengthen your opportunities.

More on emotional control and continue to follow your plan strategy more instead of allowing your emotions to lure you with every decision to make.

[Fatunad]

When I started crypto trading I was not after the profit first, afterall I started with maximum of $100 the amount of money I can afford to lose, though I had streak of loses however I was just learning and testing my strategy as well as controlling my emotions while live trading, having the mindset of learning, practicing and experimenting first which will definitely span a long period of time, though I haven't accomplish my aim yet, however I had gained a lot of charting time, learnt candlestick patterns and I was able to devise my own personal strategy based on TA and Price Action plus two indicators EMA and RSI.

You did the right thing, experienced will give you broader ideas on how to work with the industry like this, it's not an easy buy low and sell high strategy but to understand how the flow is being influenced, what are the grounds and what's the nearest pattern to form your strategy, it's gives you more knowledge on how to anticipate and how to both lessen your risk and strengthen your opportunities.

More on emotional control and continue to follow your plan strategy more instead of allowing your emotions to lure you with every decision to make.

Lots of trial and error for short on which you would need to pass up lots of things before you could discover out something for yourself on how to survive into this market.It is really just impossible
that you wont be minding about on not to make profits because this is the primary thing that we do come on here which is to make money but its true that initial mindset or thinking must
really be talking about learning up with the basics until you do upgrade and gradually learn up along the way, losing is there which is normal but its not enough for you  stop when you do experience
consecutive loss.

[michellee]

When you want to make a profit, you have to have the skills and know how to get the moment to help you make money. Learning about trading is something you have to do to know the right moment to enter the market and choose the right coin to trade. But sadly, few people take the time to trade while others rely on signals from other people to buy and sell their coins.

If you are a beginner, never rush to decide, especially if you want to buy or sell based on signals from other people because it will not always work for you. Try to keep learning from various sources, find the right trading method for you, and find your own trading style. If you can do it, you can make a profit. Profit will come to you soon.

[jostorres]

There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.

Learning should be given highest priority and no doubt about that but at the same time this does not mean that we need to change our ultimate goal in the end. Ultimate goal of trading is making money but for that we need to get ready which is possible only through learning and not just by dreaming about making money in crypto trading.

Newbies do dream and fail to get ready by learning all the basic requirements of trading. No one could learn all the required things before getting into trading but everyone should learn all the basics of trading so that they will not lost all their capital but will find right opportunities to make profits.

[macson]

I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.

those who enter into trading with the aim of money will surely only lose money, equip yourself first with skills, experience and also a strong mentality so that every decision can be made correctly.  even those who have been trading for a long time are required to continue to learn, learn and learn from mistakes or the latest knowledge.

[Hobo66]

education about trading will make you successful if you are desiring to have profit in trading then you should not concentrate on your gaining or failure but remember that because of these mistakes you will realize that how to do trading and how to get profit so if  at the first time you make wrong decision then surely you will not repeat those mistakes again. So in this case you will become a successful trader very soon.

[romeitaly]

recently audience who is just see that there's a possible earning in the cryptocurrency trading thinks its just the market prediction itself and nothing to learn too much they are wrong its the battle between the knowledge and understanding to make a trade it consist a lot of ideas how to be executed properly so such like the indicators and signals not just a basic hoax and guts it will going to ether to pump or dump. Invest in knowledge first before lossing all your money because of your mistakes.

[SaveOurSea]

Learning is indeed a top priority before trading. Profits will follow if trading knowledge is mastered. It takes practice and practice to hone trading skills, because if it's just a theory it won't be optimal. Some beginners just want to make a profit without wanting to learn first. if all knowledge of trading is mastered, making a profit on each trade will be easier and can determine what to do in the market.

The mindset that only thinks about profit without learning, I think needs to be eliminated,
after all, everything needs a good process in trading or whatever,
Trading is also not that easy because it is not only knowledge and skills that we need to master but in terms of making decisions or analyzing it is also important

[macson]

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I think this is not only in trading but in different aspects of new ventures. Learning should always be established first and with varied experiences, it will help to develop your skill and enhanced it. However, learning in trading should always take place consistently. You will never make good profits from trading if you are not updated with the market trend and events as trading is more affected with the market trends and sentiments. And to add that, good attitude towards trading and positive mindset should always be given high importance.

"it's like a knife, if it's always sharpened, the sharpness will be perfect".  i still remember very well when i first started my business, if i didn't learn from my mistakes and back off then today i probably wouldn't see my business running on autopilot.  trading is not a one-night science, it takes perseverance to be profitable.

[molsewid]

Learning is indeed a top priority before trading. Profits will follow if trading knowledge is mastered. It takes practice and practice to hone trading skills, because if it's just a theory it won't be optimal. Some beginners just want to make a profit without wanting to learn first. if all knowledge of trading is mastered, making a profit on each trade will be easier and can determine what to do in the market.

Yes I will definitely agree with this, I mean, of course, everyone is aiming for a profit and it is not easy to move on if you lose a huge amount in the trading right but for me, if we will going to priority profit first instead of learning first then I guess why joining or why tried to trade when you're not knowledgable enough on what you're going to do. I mean, educate yourself first before jumping off on the certain thing that you don't know exactly what to do. We also have this saying experienced is the best teacher yes that's true but in my case, I can't afford to lose a lot of money so I would not dare to try this one in terms of trading, so I will make sure I know exactly what I'm doing.

[wxa7115]

Yhup i agree on your thread title because without knowledge you cannot make profits in trading and you will end up losses instead..

Knowledge= success

so we need to make it as a priority to become successful in trading, just don't rush the situation and be aggressive always to learn more stuff about trading because there's no a short cut to become profitable trader.  
All of us need to follow the same path to have a better future in trading so be patient.

It is incredible that despite there being a lot of studies that show that there is a direct correlation with how much you know and how much you earn that people still ignore this fact.

We even live in an era called information age, and with this in mind then learning should be very high on the list of our priorities regardless of the occupation we may have, but when it comes to trading information is even more critical, as the difference between a successful trader and the one that losses most of the time it has to do with the knowledge they have and their ability to put it into practice.

[henmark]

I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.

Even losses happening while crypto trading for the hundredth time, it will be frustrating for sure. Money is always money and there cannot be any exception on emotion bonding while losing it. This is the reason many people are still believing that profit is most important thing in trading; this way they are forgetting about the basics of making profits which must be the learning part.

Everyone should be aware of the fact that learning and practicing in live environment is more important for making profit in trading. When we are spending lots of time on this learning part then we can easily make profits. Traders who rush into live trading without giving enough time and efforts for learning part will find many frustrating losses in the end and then may go back to learning or simply quit. So, success on trading and how effectively pursuing that is purely depends on our learning part.

[Vaculin]

I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.

Even losses happening while crypto trading for the hundredth time, it will be frustrating for sure. Money is always money and there cannot be any exception on emotion bonding while losing it. This is the reason many people are still believing that profit is most important thing in trading; this way they are forgetting about the basics of making profits which must be the learning part.

Everyone should be aware of the fact that learning and practicing in live environment is more important for making profit in trading. When we are spending lots of time on this learning part then we can easily make profits. Traders who rush into live trading without giving enough time and efforts for learning part will find many frustrating losses in the end and then may go back to learning or simply quit. So, success on trading and how effectively pursuing that is purely depends on our learning part.

Learning should always be the foundation of all. That is why learning should take place at the start of every chosen undertakings. But most of the time, it is wrongly perceived. Instead, profits has now become the foundation that motivates the traders to go on trading. They chose to create shortcuts so they can get immediate profits but at the end of the day, they always end up making losses. And that is always expected because as a trader, you need to set in your priorities first, to learn and be fully equipped with knowledge and skills that are needed in trading. Profits will certainly follow after that.

[CapGelatik]

Yes I will definitely agree with this, I mean, of course, everyone is aiming for a profit and it is not easy to move on if you lose a huge amount in the trading right but for me, if we will going to priority profit first instead of learning first then I guess why joining or why tried to trade when you're not knowledgable enough on what you're going to do. I mean, educate yourself first before jumping off on the certain thing that you don't know exactly what to do. We also have this saying experienced is the best teacher yes that's true but in my case, I can't afford to lose a lot of money so I would not dare to try this one in terms of trading, so I will make sure I know exactly what I'm doing.

A good mindset if you know exactly what you can do and don't want to take risks with so called trading. you are really ready in terms of finance, mental and also knowledge. Don't invest the money you need, but use the money you don't need in the future for trading capital.

Before deciding to trade of course we have to think about the right capital which is cold money,
because in trading the risk of losing money is very large so by using cold money at least we are not too sorry if you lose money,
most importantly we must also be smart in managing finances

[blockman]

Before deciding to trade of course we have to think about the right capital which is cold money,
because in trading the risk of losing money is very large so by using cold money at least we are not too sorry if you lose money,

Cold money or not, it's better to trade with the amount you can afford to lose.

most importantly we must also be smart in managing finances

That's easy to say but not everyone would have that mind of being smart in finances. But I think it's already attached if you're a trader, you should also be good in finances as you trade.