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

[Questat]

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.

It was hard because we are not focusing on that, we often ignore it while giving more focus on how to make a profit. Very unlikely, but these pro-traders had made changed their mind due to their experience. It was supposed to be our doing but sometimes we have been brag by our emotions and leads to the other direction instead of following the plan.
This is the result if we don't have a concrete plan and enough knowledge about investment, and about trading as we are very close to losing than to make a profit.

[safari88]

Learning is undeniably a top priority when trading, because how can a trader supposed to do good and gain profit if one does not have knowledge and does educated moves and decisions. However, learning and earning must be sought equally. Yes, there will be times that a trader will have both, or may learn valuable lessons but won’t earn profit, but should not strive to just plainly earn without learning.

[Kasabus]

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.

It was hard because we are not focusing on that, we often ignore it while giving more focus on how to make a profit. Very unlikely, but these pro-traders had made changed their mind due to their experience. It was supposed to be our doing but sometimes we have been brag by our emotions and leads to the other direction instead of following the plan.
This is the result if we don't have a concrete plan and enough knowledge about investment, and about trading as we are very close to losing than to make a profit.

If we don't follow the patterns to achieve good trading, most likely we end up making losses. This is why learning in trading should never be the last option but it should always comes first. Apparently, early traders have been learning so hard in trading that it even take years for them to learn and master trading, and so they comes out more successful. But with new traders nowadays, they are always driven by their emotions and go into trading directly thinking to maximize profits. But as expected, they end up failing because they don't even have the basic knowledge in learning how to trade and developing the skills and strategies first.

[beerlover]

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

That is the start of every trading. If you are trading with the money you do not care about losing, you would become a better trader, most people are not doing that and they are losing a lot of money. If you end up using money that you may need, then you are going to end up cashing out at a loss whenever you need the money.

However, if you do not need the money then you are not going to end up with a loss, you are going to end up with a drop at some point but since you do not care about it, you would be able to wait it out and eventually end up at positive again and sell it and make a profit, that has been the case for most professional traders profits.

[Flexystar]

Definitely. There you are, on the verge of successful journey of crypto currency trading. If you got the point of learning before trading then that’s perfect thing to do. Well basically it’s the first step when we are going for something new whether it’s driving a car or putting Call/put options in the trading window everything needs proper skill set to execute it successfully.

I have seen many people on the forum itself who will just put up their stories on how they lost the money in trading in thousands of dollars just because they had no skills and exclusive knowledge to trade. So this is the scenario, adopt first the required skills and then jump into trading.

[blockman]

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.

It was hard because we are not focusing on that, we often ignore it while giving more focus on how to make a profit. Very unlikely, but these pro-traders had made changed their mind due to their experience. It was supposed to be our doing but sometimes we have been brag by our emotions and leads to the other direction instead of following the plan.
This is the result if we don't have a concrete plan and enough knowledge about investment, and about trading as we are very close to losing than to make a profit.

It can be managed and fixed. When you trade, you win and you're getting all the profits you've made. There's just a need for you to amend that mistake you've made.
And that's through managing your finances and handling better the money that you're holding. This is going to make you a better trader upon learning from the mistakes that you've made when it's about how you handle money.

[Lanatsa]

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.

It was hard because we are not focusing on that, we often ignore it while giving more focus on how to make a profit. Very unlikely, but these pro-traders had made changed their mind due to their experience. It was supposed to be our doing but sometimes we have been brag by our emotions and leads to the other direction instead of following the plan.
This is the result if we don't have a concrete plan and enough knowledge about investment, and about trading as we are very close to losing than to make a profit.

It can be managed and fixed. When you trade, you win and you're getting all the profits you've made. There's just a need for you to amend that mistake you've made.
And that's through managing your finances and handling better the money that you're holding. This is going to make you a better trader upon learning from the mistakes that you've made when it's about how you handle money.

Risk management in short because it is inclusive in all sorts of control when it comes through finances,emotion on particular condition or scenario which you would definitely able to experience it
and its true that your main priority should be on learning or taking a good grasps on everything and next would be getting profits without even you noticing.Stick with the basic principles and
dont be greedy and you would definitely able to sustain out this market even though it wouldnt be that simple but wont really be that impossible.

[sayaya17]

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.

I am one of those people who are very obsessed with profit when I first trade, every time I experience a loss I don't learn from the mistakes I made.
But continue to try to cover the losses that I experienced, I ended up experiencing a huge loss at that time. Over time I began to understand how
to trade properly. As you said, we should not focus too much on pursuing profit when trading. However, try to focus first on increasing our knowledge
and ability to analyze the market. If we have good knowledge about the crypto world and also good analytical skills to read price movements in
the market, then the profit will be obtained automatically. So my advice is that before starting trading, we should learn everything about crypto,
so that we understand how crypto works.

[Viscore]

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.

Absolutely, having the right knowledge and strategy is what make us become more profitable. And its always the first thing you should do when making and investment or trading. Educate yourself and do some research first. You cant even make money by just jumping on to the market without proper knowledge. It's called gambling and not trading. You're just depending on your luck. Whether you gonna win or end up lossing your capital. And it is just like you're going on war without enough weapon. Skills and knowledge create consistent ptofitability with a high success rate and small minimum losses. Thats why it is important to have these before going in a trade.

[lienfaye]

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.

Knowledge is really important. As much as you want to earn fast, you cant do it without basic knowledge on how to trade. Newbies who are eager to earn and not thinking of the consequences are likely bound to lose for not being careful.

But every losses experience is also a good thing because we'll learn something from it. Then we can realize what we did wrong, how to improve it and think of an effective strategy that we can use if we trade again.

[lixer]

Knowledge is really important. As much as you want to earn fast, you cant do it without basic knowledge on how to trade. Newbies who are eager to earn and not thinking of the consequences are likely bound to lose for not being careful.

But every losses experience is also a good thing because we'll learn something from it. Then we can realize what we did wrong, how to improve it and think of an effective strategy that we can use if we trade again.

When traders are chasing profits by leaving off knowledge then definitely they will bite the dust over the time. Traders who understand about the importance of knowledge on making profit in trading will definitely will prioritize learning. I believe many traders will start realising about the importance of acquiring good knowledge about trading only after encountering continuous losses.

If you want to avoid the frustrations of losing continuously in trading then you should go for gaining knowledge before start chasing profit.

[Japinat]

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.

Knowledge is really important. As much as you want to earn fast, you cant do it without basic knowledge on how to trade. Newbies who are eager to earn and not thinking of the consequences are likely bound to lose for not being careful.

But every losses experience is also a good thing because we'll learn something from it. Then we can realize what we did wrong, how to improve it and think of an effective strategy that we can use if we trade again.

Losses in trading always bring good lessons to learn, and from learning we tend to grow more in trading. But trading with frequent losses is another story. There's something wrong that you have to figure out and correct it, otherwise you will become doomed losing in trading.

But new traders in the market are not eager enough to learn, instead they are more interested to look for quick profits as what they believed that trading could be a quick rich scheme. If that will be the new traders' mindset, i'm sure most of the traders can never sustain the crypto market and end up quitting rather than learning more in trading.

[LeviOrwell]

I am very important, but I always feel that it is a bit hypocritical to say that learning is a bit hypocritical, but it is true that there are still some things to say about making money. Some people have learned similar losses, but it is still difficult to learn how to make money.

[YOSHIE]

I agree with the title of the OP, where someone with the skills and knowledge of crypto trading that they have automatically profits will overtake that user.

I realize that in crypto trading, learning and knowledge is very important, that's why I see many people complaining in this forum that they experience losses, none other than that they do not have expertise in the world of trading.

I think learning about crypto trading is important, someone who has knowledge can lead them to success.

[blockman]

It can be managed and fixed. When you trade, you win and you're getting all the profits you've made. There's just a need for you to amend that mistake you've made.
And that's through managing your finances and handling better the money that you're holding. This is going to make you a better trader upon learning from the mistakes that you've made when it's about how you handle money.

Risk management in short because it is inclusive in all sorts of control when it comes through finances,emotion on particular condition or scenario which you would definitely able to experience it
and its true that your main priority should be on learning or taking a good grasps on everything and next would be getting profits without even you noticing.Stick with the basic principles and
dont be greedy and you would definitely able to sustain out this market even though it wouldnt be that simple but wont really be that impossible.

Someone who's been on a wild ride with the market would be feeling that it's no longer all about greed but it's going to be the learning and lesson that one can take.
The principle of earning as much as you can is the main goal upon trading and that's all you wanna get when the market is no longer that good at the moment.

[Lanatsa]

It can be managed and fixed. When you trade, you win and you're getting all the profits you've made. There's just a need for you to amend that mistake you've made.
And that's through managing your finances and handling better the money that you're holding. This is going to make you a better trader upon learning from the mistakes that you've made when it's about how you handle money.

Risk management in short because it is inclusive in all sorts of control when it comes through finances,emotion on particular condition or scenario which you would definitely able to experience it
and its true that your main priority should be on learning or taking a good grasps on everything and next would be getting profits without even you noticing.Stick with the basic principles and
dont be greedy and you would definitely able to sustain out this market even though it wouldnt be that simple but wont really be that impossible.

Someone who's been on a wild ride with the market would be feeling that it's no longer all about greed but it's going to be the learning and lesson that one can take.
The principle of earning as much as you can is the main goal upon trading and that's all you wanna get when the market is no longer that good at the moment.

Doesnt matter on what would be the market condition because every actions made would really be situational which means it would vary on the time that you are executing your actions which would really be in random

manner and not all people would be having the same thinking on what are the things that they should do.Priorities would be on making profits no matter what but you wouldnt able to attain
that if you arent that good on handling out situations and of course setting up goals would be there and possible targets on which you do made out decisions.

[LastKiss]

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.

For new people yes I agree with that but for people who are already experienced in trading they will aim to get profit as much as they can, It will be wrong if people who just trade want to earn a double capital return in a day because they see a lot of ads that many people say trading will make you in profit 100% but in reality is not that easy.

[blatchcorn]

True, trading is not just about making profit but it is also how you handle your losses. You cant assure that trading makes you profitable especially if you do not have much knowledge, experience and skills. It is not get rich quick scheme like what others think. It requires a lot of hardwork and patience.

If you want to be a successful and profitable trader, it is important to educate yourself first. Have some knowledge, skills and experience. Do not become an actual trader. This way you can protect your capital, and when you become confident as a trader, you can earn more profit in the market.

Before you start your crypto trading journey educate yourself about the facts like "It is estimated that 95% of traders lose money — and yes, Bitcoin is certainly not immune to the same market forces and human emotion. Source".

Every trader starts its journey with loss and that's not a loss if you learn something and get some future experience. That's how successful traders are made. You can also increase your trading skills by doing stuff like paper trading.

My few satoshis are not come to crypto trading if you want to become rich overnight, as there is no shortcut to success.   

[GiftedMAN]

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.

Most people will disagree with this statement because we believe that the sole aim of any businessman or woman is to maximize profit. I agree with you that we shouldn't place our total focus on making a profit instead we should acquire more training and gather more information and knowledge I believe we can make more profit if the necessary techniques, knowledge is put in place.

[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.

For new people yes I agree with that but for people who are already experienced in trading they will aim to get profit as much as they can, It will be wrong if people who just trade want to earn a double capital return in a day because they see a lot of ads that many people say trading will make you in profit 100% but in reality is not that easy.

It's too reckless if a newbie doesn't prepare all the things to start trading,
Moreover, the risk of losing money is very large because basically trading is not just about buying and selling coins,
for newbies, don't expect to make a quick profit, better use the time to learn