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

[AicecreaME]

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.

[Zackgeno96]

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.

[Ziskinberg]

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.

[sarmrakib]

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.

This is the reason why new trade loose on trading on his early trading trading history .when we enter on the market it looks like easy and we feel that we can really earn from here but if we enter then we start to loose from this point .It only happen for lake of knowledge on trading .We have to learn first if we really wanna get profit here .We all know that trading is tough way of earning if we don't have enough know;edge we may loose on every trade .So that we need to learn each and every things of trading and start trading with low amount after getting a good experience ,you will have that confidence that you can really exit with profit .I that's the only way we can improve our level .So we need to learn on ever steps and every fall and gradually we will be a good trader for sure .

[savetheFORUM]

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.

Having a mentor? That's rarely being suggested to learn trading and it requires money too. You're going to pay someone's time and knowledge to teach you how to trade but you can always recover that money as long as the mentor you chose is good enough and as long you carefully pay attention to what he was teaching about.

When we are done in the first phase which is acquiring knowledge, we can then proceed to the next which was applying what we learn to be able to earn a profit. It is now possible to have both of them ( knowledge and profit ). There is no need to rush because cryptos are not going to go anywhere. they can always wait if you are ready.

[lixer]

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

It is quite risky, but it also depends on the term "newbie" we are using as well. If we are using it to describe a newbie just to crypto, then we may never know, it could work out. How? Well that person could be trading in stock market for the past 20+ years, and come to crypto as a newbie and still could make money. I rather take that person over a person who has been trading in crypto for 3 years.

However, if the newbie in question has never done anything regarding finance, no trading, no stocks, no forex, no crypto basically nothing ever similar to this then I do agree that it would be risky to just jump into these things, takes a bit of time to get better.

[Mauser]

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 agree with you, losing money in a trade as a beginner is not the end of the world. We shouldn't worry so much about making a big profit from every trade we do, it is all about learning and finding a profitable trading strategy. The thing with losing money is that we should try and find out what went wrong, did we make a mistake or was it a general market movement that we missed? Only with a loss there is a real incentive to investigate how we can avoid making the same mistakes again in the future. When making a profit in trading we don't normally question if we were wrong or right, making money is an indication that we were "right". It can of course be that we were just lucky.

[Finestream]

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

It is quite risky, but it also depends on the term "newbie" we are using as well. If we are using it to describe a newbie just to crypto, then we may never know, it could work out. How? Well that person could be trading in stock market for the past 20+ years, and come to crypto as a newbie and still could make money. I rather take that person over a person who has been trading in crypto for 3 years.

However, if the newbie in question has never done anything regarding finance, no trading, no stocks, no forex, no crypto basically nothing ever similar to this then I do agree that it would be risky to just jump into these things, takes a bit of time to get better.

We can never really tell unless he starts to trade in crypto and the outcome of it would definitely tell if he's good enough or not. But even if he's a newbie to crypto trading or not, its learning should always be prioritize. Traders are here for profits but they can never achieve that if they lack the knowledge and skills. So there should be time for learning first above all. And once its already build up in a trader, profitable trades will certainly come along.

[Zackgeno96]

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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.

While it is true that traders cannot just simply have them both, learning is first but profit must also be a top priority. The goal of gaining profit is the mere reason why traders chose to trade, and if it is not fulfilled then, learning with more losing is somehow contrary to its essence because a trader that learns must know to find the ways to gain profit, right? So, I think these two must be balanced out to be top priorities.

[blockman]

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.

Well, it has been the priority for all traders. All wants to have profit and that's the reason why many are trading. But it's not easy as what we're talking about it.
The situation varies per trader and it's causing the decision to change and even if you're at profit already, there could be a handful changes because of the circumstances that you might deal on that very situation.

[TelolettOm]

Leaning and knowledge are the basic things when trading, we should not compare this to other things.
And the profit is the target that we need to reach in order to know how far we have been good in learning, in managing the strategy, in controlling ourselves to take a risk and also to take profits. In m opinion, profit is also important to be countered, but of course, learning and knowledge is the first thing, not only in trading but in everything that we want to do.
The problem is when newbies at first trading and they expect very high profits, like the professional traders, whereas those newbies know nothing about trading, more to gambling than trading. This is the problem

[fuguebtc]

Profit is a measure of the level of each trader, no one will be able to trade profitably without knowledge. Newbies often just want to make money through advertising, they hardly care about knowledge and when they lose, they begin to realize that knowledge is the foundation, the only way they can make a profit.
Knowledge is really important, it is our path to success.

[Dave1]

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.

Right, sometimes we missed that part because we always look to make money very fast and big amounts. But later we realized that we can't do it if we lack the knowledge and experience being a crypto trader. Majority quit early if they've seen loses after losses. But for those, it just hardened themselves to continue their trading journey and be successful because they now equip themselves with a good knowledge and learn from the mistakes of the past.

[Benefactor]

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.

[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.

But the majority has simply just ignored it, they want instant and they care less about learning how to trade. It was too sad and very unfortunate which in fact there is a lot of information found on the internet but somehow they never spent time doing research and that is why they are losing. Honestly, having this kind of mindset has nowhere to go unless they will change it and realize how important it was.

A trader will never succeed if they have lack of knowledge and experience. We don't have to ignore this as it was already been proven.

And that is what it is even more exasperating, I could understand this behavior if there was no information to be had or if it was incredibly difficult to get it. However if you want to learn how to trade there are websites completely dedicated to teach you the basics, there are websites from which you can download the movements of the assets you are interested for free and finally there are free alternatives to excel which you can use to backtest your strategy.

More than ever someone can become a very good trader today without spending a single cent, as long as they are willing to learn, and yet people do not do this.

[Johnyz]

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.

This is expected but still many are not paying attention, they just thought about making profit without knowing the procedure and the process on how they can become more effective. Learning is important same thing on making money, but you have to understand that its too impossible to make profit without the knowledge, so start from the very basic and learn the process, there should be no shortcut to become more profitable aside from learning.

[Mahanton]

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.

This is expected but still many are not paying attention, they just thought about making profit without knowing the procedure and the process on how they can become more effective. Learning is important same thing on making money, but you have to understand that its too impossible to make profit without the knowledge, so start from the very basic and learn the process, there should be no shortcut to become more profitable aside from learning.

Whether they do like it or not they would really still be going into that path on where they would really be realizing that they should need to learn out from those mistakes because if they dont then they would definitely be experiencing lots of problems ahead because trading isnt a race on which you do need to rush up on things but rather be thinking about sustainability and this would really be the key.Use up your own common sense
on how you would handle out the situation and not really just going or dealing with things just because you are eager on making profits and this is where mistakes do really came from.
Be sensible onto your actions and be mindful and learn up on every single thing along  the way.

[freedomgo]

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.

This is expected but still many are not paying attention, they just thought about making profit without knowing the procedure and the process on how they can become more effective. Learning is important same thing on making money, but you have to understand that its too impossible to make profit without the knowledge, so start from the very basic and learn the process, there should be no shortcut to become more profitable aside from learning.

Whether they do like it or not they would really still be going into that path on where they would really be realizing that they should need to learn out from those mistakes because if they dont then they would definitely be experiencing lots of problems ahead because trading isnt a race on which you do need to rush up on things but rather be thinking about sustainability and this would really be the key.Use up your own common sense
on how you would handle out the situation and not really just going or dealing with things just because you are eager on making profits and this is where mistakes do really came from.
Be sensible onto your actions and be mindful and learn up on every single thing along  the way.

Trading brings a lot of risk so if you can't manage the risk because you are not that knowledgeable and well skilled in trading, then you will never make profits in it. In all that we do, learning should always be happening first because that will help us to be more capable and be sustainable in everything we do.  Sad to say, new traders are not eager to learn but they are more eager on making profits. Hopefully, they will realize that if they skip learning, they will be attracting losses and not really profits.

[Quidat]

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.

This is expected but still many are not paying attention, they just thought about making profit without knowing the procedure and the process on how they can become more effective. Learning is important same thing on making money, but you have to understand that its too impossible to make profit without the knowledge, so start from the very basic and learn the process, there should be no shortcut to become more profitable aside from learning.

Whether they do like it or not they would really still be going into that path on where they would really be realizing that they should need to learn out from those mistakes because if they dont then they would definitely be experiencing lots of problems ahead because trading isnt a race on which you do need to rush up on things but rather be thinking about sustainability and this would really be the key.Use up your own common sense
on how you would handle out the situation and not really just going or dealing with things just because you are eager on making profits and this is where mistakes do really came from.
Be sensible onto your actions and be mindful and learn up on every single thing along  the way.

Trading brings a lot of risk so if you can't manage the risk because you are not that knowledgeable and well skilled in trading, then you will never make profits in it. In all that we do, learning should always be happening first because that will help us to be more capable and be sustainable in everything we do.  Sad to say, new traders are not eager to learn but they are more eager on making profits. Hopefully, they will realize that if they skip learning, they will be attracting losses and not really profits.

Mistakes are stepping stones for you to become a better trader and everything would really come in time and would not really be in a hurry and just like on others been saying that
dont rush up because you would really be on that time on which you are gaining that knowledge without knowing or being aware.Deal with it and then learn in all aspects
because this would really help you out to sustain this market in the end.Just dont rush up and do those basic things according to your own goals and targets.

[Ryker1]

Well, you can do it yourself also to manage and have them both, profit while learning experience.
Because when you are in trading it is expected that you are already knowledgeable enough in trading, don't tell me you are on a battlefield that does not have battle gear and guns. Of course --top of the priority is profit for me, no one wants to waste their money and there are too many ways to learn in trading without wasting your money, go for trading offline and practice until you will know.