Early Profit can be misleading.

[Strongkored]

What do you think, let us discuss?

Part of your statement is correct and I agree that a newbie trader should first focus on knowledge and improve trading skills before focusing and targeting a profit, it's just that building yourself with the right knowledge of trading but not making profits for a while, can break your patience themselves from these traders, because they lose money even though the activity carried out is the goal of making money, it's definitely not fun, so if in a while traders don't get profits even though they already have a lot of trading knowledge, they need to consider it because trading might not be suitable for him or still something went wrong in the trade.

[Tony116]

What do you think, let us discuss?

Part of your statement is correct and I agree that a newbie trader should first focus on knowledge and improve trading skills before focusing and targeting a profit, it's just that building yourself with the right knowledge of trading but not making profits for a while, can break your patience themselves from these traders, because they lose money even though the activity carried out is the goal of making money, it's definitely not fun, so if in a while traders don't get profits even though they already have a lot of trading knowledge, they need to consider it because trading might not be suitable for him or still something went wrong in the trade.

No one wants to lose in investing and trading, but as a newbie, it is important to realize that trading is not for the masses, not everyone will survive and profit from it. For a newbie, I think that profit should not be seen as the main goal but knowledge and experience gained. It should also be determined that losses are inevitable, so when starting, beginners should only use the minimum amount of capital to limit losses. Failure is the mother of success, if you want to succeed, you must accept failure first.

[AnonBitCoiner]

Most of the crypto traders fails to get money because they don't want to get knowledge but they desires to make money quickly. Sometimes a person make investment or do trading but at start he face failure so because of this failure they leave behind it instead of considering this failure as a way of getting experience.

A person can get benefit from start but he should have complete knowledge about trading before starting it otherwise little knowledge can loss his money. It is true that trading is a way of getting money but a person should also realize that there is also a risk of losing money so keeping these both points in minds is necessary.

[rby]

What do you think, let us discuss?

Part of your statement is correct and I agree that a newbie trader should first focus on knowledge and improve trading skills before focusing and targeting a profit, it's just that building yourself with the right knowledge of trading but not making profits for a while, can break your patience themselves from these traders, because they lose money even though the activity carried out is the goal of making money, it's definitely not fun, so if in a while traders don't get profits even though they already have a lot of trading knowledge, they need to consider it because trading might not be suitable for him or still something went wrong in the trade.

If a newbie trader starts on a winning note and continues to win, it will become a habit of him to always make profits in his trade and I think there is nothing wrong with that.
Every newbie must not lose all they have before they begin to make profits. There is when you will lose to a very extent and you become addicted to losing. So it is better they make profits so that they become addicted to profit-making. And on very bad day, they will loss they will understand that trading is all about making profits and making losses.

[Hyphen(-)]

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

Most times, profit gives new investors more courage to learn and invest more.

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?

If a new trader begins with losses, they may become discouraged along the way because emotion will play a role because it is not easy to lose some of the money they invest at the start of their trading career; therefore, I believe that starting with some profits will encourage them to learn quickly as well as understand the risk involved when they begin losing along the way.

[MoonOfLife]

I agree with OP's point, although profit is what we want when entering the market, being profitable too soon will do more harm than good to the investor in the long run. Those who make early profits will be egotistical and think that they are talented and can easily beat the market, they will sleep in victory. They don't know that what they have is luck, and luck will not be with them forever, the market will quickly take all back, and it will shock them.

[jostorres]

the real problem about trading is how they thinking about trading it self, it's not a gambling, some good traders who i meet a year ago say trading is a precision , its not about profit u got earlier and go back trade and feel u can do it again, its about the right time to in and out, how to get that, training , TA first then FA follow. He told me trading no need a luck , just a precision, well i talk like a pro but i still noob at it

Timing the market is one of the most difficult things to do, and even professional traders can mistime a market during some of their trades. One should simply keep two things in their mind when trading, first is that there is no actual bottom when they are buying, and there is no top price when they are willing to sell it back. So if you are getting a good price, just grab it, and wait for it to go up, and don't just keep waiting, but sell them when you feel like it.

If you follow this, you will probably be okay and will be out of many risks or even miss any opportunities by waiting for the perfect time. You can't time the market accurately unless you are too lucky.

[borovichok]

I agree with OP's point, although profit is what we want when entering the market, being profitable too soon will do more harm than good to the investor in the long run. Those who make early profits will be egotistical and think that they are talented and can easily beat the market, they will sleep in victory. They don't know that what they have is luck, and luck will not be with them forever, the market will quickly take all back, and it will shock them.

Profits is every trader's priority and that's the major factor that boost the confidence of the traders in the market. I've been in that same position when I was a newbie in the space, however I was urged by my mentor to take things easy because everything is possible in the market. One can be making $200 currently, and the next minute, hugh loss will set in and emotions will be terrible at that moment. Luck is a special key in the market, although not all traders are opprtuned to be granted that, its most likely to be benefited by beginners.

[Sanitough]

If a trader knows exactly the real scenario in trading, he will always think that trading is never easy and that he should exert more effort to learn trading and develop working strategies that will make him profitable when trading. If he profited on his first trade, that’s good but it’s rare to see it’s happening as most newbies are inclined to more losses than gains. And when they lose, it just means that they need more trading knowledge and experience as it might open new opportunities to make their trades profitable.

[Hamphser]

If a trader knows exactly the real scenario in trading, he will always think that trading is never easy and that he should exert more effort to learn trading and develop working strategies that will make him profitable when trading. If he profited on his first trade, that’s good but it’s rare to see it’s happening as most newbies are inclined to more losses than gains. And when they lose, it just means that they need more trading knowledge and experience as it might open new opportunities to make their trades profitable.

Make yourself that been aware and having that realistic approach towards trading and you would really be realizing that it wont really be that something easy and attainable by everyone else.This would really be a

long pile of trial and error before you could able to find yourself be able to sustain.No one starts on being sustainable on their first try.Yes, you might be able to make some profits initially but it wont really be something that would really be sustaining.If you are that kind of person who do have that kind of impulsive emotion then for sure you would definitely be having that kind of approach where you would really
be believing or having in your mind that you will really be that able to make it without any problems which is really very wrong.

[Mr.right85]

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.

Well, it is what you feel and not really what should be. I suppose that's what we are doing on the forum, making inferences based on what we feel should be.

Either way, I know everyone comes to trade with the mindset of profit making and there isn't anything bad about that. Should you want loses, you won't wouldn't care about making doing any form of analysis. Just get in, in with the loses, have your experience on a lose and get out.

Since your about profit, you get yo do your analysis and take the outcome as it hits you and you learn from them.

[jossiel]

Those newbies that make their first trades profitable are very well encouraged to continue and they're likely to stay because of how they've experienced profit at the first stage.

While the others have experienced terrible results, they're at an upperhand and will think that not so many newbies are getting their first trades as a win.

Whichever they think is right, whether the first tries are losses or wins, it's a matter of how eager they are to keep going in trading.

[Rigon]

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?

As the saying goes, from where you won, from where you lost. It is always good to be defeated in the first phase of life. When one is defeated in the first step he can achieve good things in future. One should not be successful at the beginning of life then he will find life easy. If a newbie trades with a small amount of money at first on the trading platform, he can learn slowly even if he loses at first. A beginner will become an experienced trader only when he experiences profit and loss.

[gunhell16]

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 of the newbies who enter the crypto space lack knowledge not only of crypto but also of crypto trading which should not be the habit of newcomers.

Need to know, study this thing first. It's the same even with novice businessmen, you can't immediately jump into a battle without even training and don't know how to fight. This is NOT the case here in the crypto business.

[Quidat]

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 of the newbies who enter the crypto space lack knowledge not only of crypto but also of crypto trading which should not be the habit of newcomers.

Need to know, study this thing first. It's the same even with novice businessmen, you can't immediately jump into a battle without even training and don't know how to fight. This is NOT the case here in the crypto business.

Sooner or later, you would be able to realize this on the time you had stepped your foot into the battle field.You might be able to make profits at first but it wont really be easy on the second time.
This is why it is really just that normal that you would really be needing to make up some research first and then continue to study and apply on what you do learn along the way specially
you do gain from actual experience.There's no way that you could really be able to make yourself do learn in one go.It would be a continous learning which is something
that needs up time and understanding on how things works.

[Russlenat]

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?

This will only be possible if beginner traders are not really exposed to what real life trading is all about. Trading is actually losing and profiting, but in case for newbies, they are expected to lose more than to gain profits. So if a newbie is making a consistent profits, he must be lucky enough but that would not mean that he’s bound to make profits all the time. Trading is never easy, the reason why even professional traders still lose from trading considering they have been trading for years, so how much more for newbies who have less knowledge and experience when it comes to trading.

[Ziskinberg]

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?

Learning should be our first priority, gains can be easier to achieve once we already have the capacity to do that. But unfortunately, many people are here to trade thinking that they can make money after registration, tomorrow, and in the following days. It is actually what they believe because it was also the thing they heard from these influencers on social media and on the internet. As we can see, many have tried but many also quit due to their wrong expectations. Those who really have hearts and are willing to correct their mistakes will stay as we know that trading is not for everybody.

[martyns]

If a trader knows exactly the real scenario in trading, he will always think that trading is never easy and that he should exert more effort to learn trading and develop working strategies that will make him profitable when trading. If he profited on his first trade, that’s good but it’s rare to see it’s happening as most newbies are inclined to more losses than gains. And when they lose, it just means that they need more trading knowledge and experience as it might open new opportunities to make their trades profitable.

Sometimes a trader can also make profit in his first trading session and also continue to make more profits ever after the first win.I even see it that when someone wins in the first trading session,it's a sign that trading will bring more profit than loses to the person,because it is always rare that one will win in his first trading session.It is a sign that good luck is about to be unfolded on the person.
I know quite well that trading experience comes from different loses,but one can also use another person to learn and therefore avoid the mistakes he is supposed to make in his first trade,and win rather than losing.Therefore,I am on the opinion that not all trading newbies that win on their first trading session will get difficulties as time goes on in trading,rather,it's a sign that he will be lucky on more future trading.

[virasisog]

If a trader knows exactly the real scenario in trading, he will always think that trading is never easy and that he should exert more effort to learn trading and develop working strategies that will make him profitable when trading. If he profited on his first trade, that’s good but it’s rare to see it’s happening as most newbies are inclined to more losses than gains. And when they lose, it just means that they need more trading knowledge and experience as it might open new opportunities to make their trades profitable.

Sometimes a trader can also make profit in his first trading session and also continue to make more profits ever after the first win.I even see it that when someone wins in the first trading session,it's a sign that trading will bring more profit than loses to the person,because it is always rare that one will win in his first trading session.It is a sign that good luck is about to be unfolded on the person.
I know quite well that trading experience comes from different loses,but one can also use another person to learn and therefore avoid the mistakes he is supposed to make in his first trade,and win rather than losing.Therefore,I am on the opinion that not all trading newbies that win on their first trading session will get difficulties as time goes on in trading,rather,it's a sign that he will be lucky on more future trading.

Our main goal in trading is to make profit but it shouldn't be the focus of newbies. They should focus on exploring things about trading but there are lucky beginners who get to deal with the volatility of the market and were able to make a profit which is still a good thing. They only need the proper mindset and be prepared for possible losses as it is part of our trading journey. It is fine to make a profit in the beginning but we shouldn't be overconfident to disregard the risks and make our winnings as our motivation.

[Inwestour]

How about this, a newbie starts trading and constantly get losses even when he knows he understood the market. What do you think such individual will most likely do, he'll quit and forget about the dreams he had of becoming a professional trader so life doesn't always work how we see it. It doesn't matter if you lose or win with your earliest traders.

What really matters is how consistent you'll be with perfecting your trading strategies so you excel on a long run. Early wins in trade can be misleading as well as early losses. Early win will make you too confident of yourself while early losses will make you lose confidence in yourself so don't let anyone define you.

Therefore, a beginner should not trade with big money from the very beginning. He need to allocate a small amount and test it on a certain number of transactions. And repeat this for several strategies, and only after that analyze the results. Perhaps one strategy works better than another, and so on.

But if, after testing several strategies, there is no positive result, then this should make wonder if it is worth continuing to pursue. It may be necessary to refine the strategy and try again if there is a desire to become a successful trader, but you should not think that this is just a temporary setback if a beginner is constantly losing money, this should be taken seriously, because we are talking about our money.