Early Profit can be misleading.

[Bananington]

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?

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[palle11]

What about if you say early profit is an advantage  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.

[Oshosondy]

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.

[rozak]

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?

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.

[death69]

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.

[Ndabagi01]

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.

[Flexystar]

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.

[Hamphser]

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?

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.

[dunfida]

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?

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.

[freedomgo]

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.

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.

[mvdheuvel1983]

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?

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.

[Issa56]

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?

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.

[Hamza2424]

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.

[GreatArkansas]

(....)
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?

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.

[hugeblack]

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.

[awik p]

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

[taufik123]

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.

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.

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.

[Z390]

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.

[rat03gopoh]

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.

[SquirrelJulietGarden]

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

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.