Early Profit can be misleading.

[Davidvictorson]

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

What do you think, let us discuss?

While I agree with the OP's point, can I also point out that profit making is in trading shouldn't be ignored. Because if all you have experienced as a trader is loss, I can bet that you are already demoralized and demotivated to keep trading. As a newbie trader, it lies on you to find an equilibrium point between making profit and being grounded in the principle of trading. Make profit will keep you interested in trading.

[benalexis12]

How did you say that the early profit is misleading? Couldn't he just find the right time to make money here in crypto or in any business? Also, even if you are new to this, there are times when you can earn money right away while you are just starting to study in this kind of field of business in cryptocurrency. And this will always depend on the idea you can get here as an indibidual community in this industry anyway.

[nur rochid]

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

What do you think, let us discuss?

While I agree with the OP's point, can I also point out that profit making is in trading shouldn't be ignored. Because if all you have experienced as a trader is loss, I can bet that you are already demoralized and demotivated to keep trading. As a newbie trader, it lies on you to find an equilibrium point between making profit and being grounded in the principle of trading. Make profit will keep you interested in trading.

and making mistakes or losses in a row will lower a trader's confidence, therefore at least between profits and losses can be balanced, so that we will be more enthusiastic about dealing with trading. after that we can develop ourselves about the trading knowledge that we adhere to, so that the winning percentage can later increase, and continue to be improved until finally having a greater percentage of profits

[Bushdark]

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

What do you think, let us discuss?

While I agree with the OP's point, can I also point out that profit making is in trading shouldn't be ignored. Because if all you have experienced as a trader is loss, I can bet that you are already demoralized and demotivated to keep trading. As a newbie trader, it lies on you to find an equilibrium point between making profit and being grounded in the principle of trading. Make profit will keep you interested in trading.

Just like op heard said, early profits can be very misleading because one might be thinking that he does not need the help or tutor of any protraders around him because he had starting making some few dollars from the market. The can can be tricky atimes especially for those newbies who joined the market and start making profits immediately without passing through any difficulties or making loses. Although sometimes I see it as luck since the market moves in a different way from our general perspective and making profits from the market does not really mean that you are a good trader at the initial stage.

[harizen]

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?

That's why they called newbie traders, right?

These newbie traders are still in the process of learning something and that includes learning those necessary things to do while doing trades. For sure, if these newbies are really serious on what they are doing, they will realized what's the best thing to do later on.

Just give them time. Even professional traders are having obviously a newbie mindset back when they are noobs.

[Mauser]

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

Making money is the main goal of any trader, why else would you risk your existing money to make a profit? The main question now is do we focus on short term profit or long term profit. As a day trader the only real concern is short term profit and to repeat it regularly. The average investor is more concerned with medium to long term profits, which in my opinion involves much less risk than day trading. Any newbie to the trading world should not be focusing on short term profit in my opinion. Crypto prices tend to fluctuate a lot and it's hard to stay on top of the current trends. You are also right that we should be focusing more about learning and getting experience than making the highest possible return. But we should always keep an eye on the profitability of our trading strategies and if we are making losses we need might need to adapt to new market conditions.

[jokers10]

...
Just give them time. Even professional traders are having obviously a newbie mindset back when they are noobs.

I feel myself still a newbie in trading and most things I can advise are about how not to make the same silly mistakes I did or saw multiple times. Well, what is good in that I've got some experience is that I lose now much more rare than in the beginning, but if about earning I'd say that I get more from those deals which become more investing than trading. And I guess it's not so bad even if it is not too much. At least I usually do not go into the red when viewed in retrospect.

[Sterbens]

That's why they called newbie traders, right?

These newbie traders are still in the process of learning something and that includes learning those necessary things to do while doing trades. For sure, if these newbies are really serious on what they are doing, they will realized what's the best thing to do later on.

Just give them time. Even professional traders are having obviously a newbie mindset back when they are noobs.

Before they jump into any world, the most important thing to do is to study and understand that field. You are right, a professional trader is formed from a beginner who is serious about learning his field. In my opinion, there are many important points that a beginner must learn, one of which is by maintaining psychology, because they will be faced with losses that might traumatize them, and this greatly affects the psychology of beginners in trading. Beginners should not be too ambitious to pursue profits, because they have not fully mastered this field.

[serveria.com]

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?

To me trading is a lot like gambling. And in gambling noobs are often lucky (only to lose a lot later). And the more you initially win, the more you eventually lose. So you need to be extra careful if your initial trades are successful.

[Twentyonepaylots]

Just like op heard said, early profits can be very misleading because one might be thinking that he does not need the help or tutor of any protraders around him because he had starting making some few dollars from the market. The can can be tricky atimes especially for those newbies who joined the market and start making profits immediately without passing through any difficulties or making loses. Although sometimes I see it as luck since the market moves in a different way from our general perspective and making profits from the market does not really mean that you are a good trader at the initial stage.

I agree that early profits are misleading. There are different circumstances that might happen since there is no guarantee that you would get profit. It might happen to some people but not to all. Beginner's luck might come to your mind but keep in mind that market and economy is always changing. So, we should always be adaptable to these changes. Learn to assess the economy and see to it how you can apply your past experience to this current market. When you are newbie, it is best to explore the market cautiously so that you can gain experiences that you can use in the future.

...
Just give them time. Even professional traders are having obviously a newbie mindset back when they are noobs.

I feel myself still a newbie in trading and most things I can advise are about how not to make the same silly mistakes I did or saw multiple times. Well, what is good in that I've got some experience is that I lose now much more rare than in the beginning, but if about earning I'd say that I get more from those deals which become more investing than trading. And I guess it's not so bad even if it is not too much. At least I usually do not go into the red when viewed in retrospect.

I agree, there will always be a newbie era for us to everything that we will do. Mistakes are normal to have but it is best to minimize it so that damages would be minimized too. Also, we should always learn from these mistakes and never ever do it twice again. It is great to have experience since these would be very vital and useful to your future decisions.

[BobK71]

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

Any newbie to the trading world should not be focusing on short term profit in my opinion. Crypto prices tend to fluctuate a lot and it's hard to stay on top of the current trends. You are also right that we should be focusing more about learning and getting experience than making the highest possible return. But we should always keep an eye on the profitability of our trading strategies and if we are making losses we need might need to adapt to new market conditions.

It is a very difficult task to profit from trading in favor of a new trader. It becomes more difficult when a trader trades short term. There is  high price fluctuation in crypto where many experienced trader fail. So new traders comparatively should reduce the risk. In this case a trader always needs to be trading long term. A good return can be expected even after a long period of time. Which can further encourage new traders to crypto. However, new traders need to be habitual without thinking of profit from the beginning, which can give good gifts in the future.

[Yamifoud]

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

What do you think, let us discuss?

While I agree with the OP's point, can I also point out that profit making is in trading shouldn't be ignored. Because if all you have experienced as a trader is loss, I can bet that you are already demoralized and demotivated to keep trading. As a newbie trader, it lies on you to find an equilibrium point between making profit and being grounded in the principle of trading. Make profit will keep you interested in trading.

Earning a project is what traders are thinking of, even newbies. We don't have to correct this mindset as this will motivate them, yes. But what we gonna do is telling these newbies that earning a profit is quite difficult in real life. It was important for them to know what is their status and to let them know that trading doesn't work easily but needs hard work so they never underestimate the market and the pressure and stress will get encounter. Because the more they understand trading, the more they will push themselves to learn more and to find what they really need in order to success.

[Lanatsa]

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

What do you think, let us discuss?

While I agree with the OP's point, can I also point out that profit making is in trading shouldn't be ignored. Because if all you have experienced as a trader is loss, I can bet that you are already demoralized and demotivated to keep trading. As a newbie trader, it lies on you to find an equilibrium point between making profit and being grounded in the principle of trading. Make profit will keep you interested in trading.

Earning a project is what traders are thinking of, even newbies. We don't have to correct this mindset as this will motivate them, yes. But what we gonna do is telling these newbies that earning a profit is quite difficult in real life. It was important for them to know what is their status and to let them know that trading doesn't work easily but needs hard work so they never underestimate the market and the pressure and stress will get encounter. Because the more they understand trading, the more they will push themselves to learn more and to find what they really need in order to success.

Wont really be that bad on having that motivation in early steps that they do have in crypto space or within this market because this would really be a thing  that would be pushing them to do even more better

trades but of course when confidence do sets in then this is where mistakes would be starting to pile up.Just because you have those initial thoughts that trading is easy because you have profitted into those
earlier trades and then you do have into your mind that it was simple but its not really that simple as you do believe on on the time that you would be experiencing on how harshs
this market could be when it comes to moving prices or simply with the volatility aspect.

[newdevices]

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

What do you think, let us discuss?

While I agree with the OP's point, can I also point out that profit making is in trading shouldn't be ignored. Because if all you have experienced as a trader is loss, I can bet that you are already demoralized and demotivated to keep trading. As a newbie trader, it lies on you to find an equilibrium point between making profit and being grounded in the principle of trading. Make profit will keep you interested in trading.

Earning a project is what traders are thinking of, even newbies. We don't have to correct this mindset as this will motivate them, yes. But what we gonna do is telling these newbies that earning a profit is quite difficult in real life. It was important for them to know what is their status and to let them know that trading doesn't work easily but needs hard work so they never underestimate the market and the pressure and stress will get encounter. Because the more they understand trading, the more they will push themselves to learn more and to find what they really need in order to success.

It's true that newbies need to know that from the start so they don't have high expectations,
be it investing or trading in crypto is very complex and the risk is also high,
better keep learning and it will really help in the future.

[Vaculin]

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?

Every trader has different mindset in trading. Some started with losses, and so they tend to learn more so they can improve their trading and later on make profits. But some traders would never have the courage to continue trading, maybe they lose amount of huge funds already so they just decide to quit and leave trading for good. That’s the reason why every trader should trade with caution. Whether they lose or make profits at the start,  the important thing is on how they will continue trading by trying to avoid another losses and maximize their gains.

[Aanuoluwatofunmi]

If you're the type that is graced with the opportunity to realize an early gain then you must also know that this is not a constant thing whereby you may continue to have such result over time, you put in your money to set in and also always get set in pulling out because for the fact that you made it early last time isn't applicable for all times, then also what you do with that your gain matters later because it will tell wether you spent it wisely or waste it all.

[kingvirtus09]

You know there are newbies who enter cryptocurrency who know the business they are entering, but most of the newbies who enter here don't really know cryptocurrency.
They just stumbled because of the hype so they were encouraged to invest even though they had no idea or knowledge yet. Meaning, these people are the ones who are misled because of the hype, and their desire to make money in a quick time which is not how the crypto business is designed.  So if you make money here even if you have no idea yet, it just means that you are lucky or you are lucky.

[DevilSlayer]

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 nothing and going straight to tradings is a bad idea. The first step should always be to study the market. How it works at which time. Learn the basics and gather knowledge as much as you can. Then the second step is to try it out. You should always start with a very small amount, even if you have enough assets to start large tradings. Apply your knowledge and try to follow the rules. That way, you can also get the knowledge on how to control your emotions. This is a very important part. Loss or profits, doesn't matter, just follow the rules. It's getting hard? Try to follow some signals available on the internet and compare your calculations.
Next is to slightly increase your trading value. If one can keep this up, they can become a pro for sure. It's all about patience and following the rules and strategy.
One more thing I want to add is that newbies always choose future tradings first with higher leverage. Then they get liquidated. My advice is to start with DCA, then try out spot trading. If you can predict the market good, then move to future trading. And the high risk is still there.

The usual mistakes majority of the traders are about expectations wherein they thought that trading is simple and they thought that they can just buy at lows and sell at highs to make profit without prior knowledge, mastering the basic and also enough experiences. It really takes time to become a profitable trader, so my advice is not to invest big amount of money in your 1st investment if you are a beginner trader. Start small and build it slowly, get a lot of experiences because for sure you will do a lot of newbie mistakes. The reason why only few traders are becoming profitable and successful is because they do not focus improving their skills as a trader. The greatest asset that we have is time, the opportunities in the market is unlimited so we can still find opportunities even we miss a lot of good trades.

By investing in yourself, you can easily increase your capital. My suggestion for the new traders out there is they should find first a legit system that can lessen their curve of learning. After you learned the basics like reading a chart, plotting support and resistance, identifying the trend and be familiar with some chart patterns. Then it is the best time for you to make your 1st investment.  Do not also feel any negative emotions if you have consecutive losses. It's normal, use it as fuel for you to be a profitable trader. Remember that it takes time to be a consistent profitable trader.

[MIner1448]

I fully agree with you. Newbie traders should first and foremost put in enough time and effort to fully understand trading before starting to focus on making a profit. It is important to understand that trading is a complex process that requires knowledge, skills and experience to be successful in the long run.
Making profits early in a trading career can be misleading and is not always a reliable indicator of future success. Newbie traders who suffer losses but continue to learn and analyze their mistakes can gain valuable experience and become more competent traders in the long run.

[crwth]

I fully agree with you. Newbie traders should first and foremost put in enough time and effort to fully understand trading before starting to focus on making a profit. It is important to understand that trading is a complex process that requires knowledge, skills and experience to be successful in the long run.
Making profits early in a trading career can be misleading and is not always a reliable indicator of future success. Newbie traders who suffer losses but continue to learn and analyze their mistakes can gain valuable experience and become more competent traders in the long run.

I believe the best thing to do is always to understand that risk is involved in trading and that making a profit is not a walk in the park. Imagine making it easy or something. It's better to gamble your money away if you are not going to utilize the knowledge that you can get by learning to trade. Consistency is a better indicator of success and not just results. But it can be a good indicator as long as it already has a large amount of data.