Early Profit can be misleading.

[jokers10]

One of them is by being aware of one's own abilities, I mean people (beginners) who have thoughts like that are people who are arrogant and think they have the ability and knowledge. Things like this are things that must be realized by themselves, because they themselves know the abilities that exist within themselves. To minimize them so that they don't become arrogant when they get early profits, one of them is to have them mentored by people who are more experienced. People who have already been in a space like this must understand what really happens in that first advantage.

Getting a more experienced mentor is a good idea, but if that mentor will say that you should be wise then he is not good. You never can know if you are wise or wise enough for some enterprise, it is not what you can know about yourself exactly. If you are too impulsive and need correct your trading basing on that knowledge you can know that and use that knowledge, if you are too fear of risks... You can know many things about yourself but hardly about if you are enough wise or not. So we need exact advice from mentors to not be mislead with an early profit and not general words of staying wise.

[ItsCrafty]

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

Every body want profit from trading and learning is mandatory for long term and constant profit. newbies early profit is not bad if one has also good knowledge of trading. I think it will increase the confidence of newbie like making century in first cricket game will give more confidence to player.

Newbies can learn from loses but its negative point is that one can stop trading because of early losing because its will make him discouraged they he cannot make profit. learnings basic trading rules and tools is enough for newbie. i agree that loses will make him strong traders and he will be able to trade in any condition and will ready for any lost which is possible in crypto but u mentioned some negative point also. In short i think making profit in start is not bad.

[jokers10]

...
i agree that loses will make him strong traders and he will be able to trade in any condition
...

Or it will scare off from trading. In one hand getting early income can make a trader careless, but in another hand early losses can demotivate in trading at all, because the one can think trading is too hard and it is better not to risk. Well, hand on heart, I don't even know if it is bad. Trading is not for each and every so if someone will decide not to trade... maybe it is even good. But if we expect someone to become an experienced trader then it is good to have as positive as negative experience, IMO.

[merekamo]

I completely agree with you. I think that new traders should focus on learning and understanding the market before focusing solely on making a profit. It's important for them to be aware of the risks involved in trading and understand the different strategies that can be used to make a profit.

In my opinion, a trader who is able to manage risk effectively and has a solid understanding of the market is much more likely to be successful in the long run, even if they experience some losses at the beginning. So, it's important for new traders to prioritize learning and understanding the market, rather than just focusing on making a profit.

[Oilacris]

The most important thing after this is not to become impudent. Alas, often getting the first profit, the trader thinks that he is a guru and can do everything. And it would be worth analyzing everything in order to get a good result and then.

Okay, how? We know that we should be healthy, wealthy and wise but many still are not. So it is not enough to say something well known, we need to know how to achieve that and not many know that. If you get an early profit how can you know that it is just a luck and not a result of your knowledge? If you have profit with a 10 year experience how to know that your profit is based on your knowledge and experience and it wasn't luck for all those years? Maybe some wise people can say that, but majority prefer to believe in their own abilities and it is natural. And to say that they should be wise... maybe we all should but not all of us know how.

One of them is by being aware of one's own abilities, I mean people (beginners) who have thoughts like that are people who are arrogant and think they have the ability and knowledge. Things like this are things that must be realized by themselves, because they themselves know the abilities that exist within themselves. To minimize them so that they don't become arrogant when they get early profits, one of them is to have them mentored by people who are more experienced. People who have already been in a space like this must understand what really happens in that first advantage.

Just let them be on what they've been thinking because once reality would be slapping out into their faces then for sure they would really be making those kind of realizations that dealing up with this market isnt something that you could really be able to joke upon or wouldnt really be taking it seriously. Beginners luck or those initial profitable trades could really give out that kind of impression on the time you been able to start up.We are just humans where those wrong first impressions would really be that common and now we are starting to believe that
trading is easy and something that we could do this all day and make ourselves rich in no time.

This is why its really that important to have that realistic approach when dealing up with trading because if you do stick with that kind of impression or beliefs on first try then you are really
that putting yourself into that possible risks which might cause up some huge losses later on. So better be wary as early as you can because
having those bad or wrong mindset could lead up into a disaster.

[kelonmusk]

Newbie traders should focus on learning the ins and outs of trading rather than just chasing profits. I think it's crucial for them to understand the risks and complexities associated with trading before they set their sights on making money.

Sure, early profits might feel great, but they could also lead to overconfidence and a lack of preparedness for when the market takes a downturn.

I suggest that new traders concentrate on building a strong foundation of knowledge and skills, which will ultimately help them make more informed decisions and become better traders in the long run.

Losses can actually be valuable learning experiences if they encourage traders to analyze their mistakes and refine their strategies. Let's not overlook the importance of learning and growing as a trader, rather than just focusing on making profits.

[TheUltraElite]

In one hand getting early income can make a trader careless, but in another hand early losses can demotivate in trading at all, because the one can think trading is too hard and it is better not to risk.

Its all about control of emotions. Becoming euphoria on a profit or becoming demoralized on a loss are both bad for a trader, they have to remain humble and neutral to be able to make the next trade with finesse. Both profit and loss will happen during any trader's journey, so taking the losses as lessons is not easy for most, after all it is their hard earned money.

To be able to play it safe, they should just go with the buy low sell high method in long term. Day trading and other non-spot trading methods will only lead to losses more than profits, actually because they are gambling. This method is time tested and it will give you profit if you have enough patience and time at hand.

[kojektea]

I think it's just the opposite. long-held gains are the most deceptive. I even experienced it myself, if the coin is at the peak of the bull, there is no reason to hold it, even if it goes up, the risk when holding it is much higher. I experience this very often, it's good to take advantage early. especially if the project has just been listed on the market. playing the price with fast time is the best to make profit.

[Altryist]

Its all about control of emotions. Becoming euphoria on a profit or becoming demoralized on a loss are both bad for a trader, they have to remain humble and neutral to be able to make the next trade with finesse. Both profit and loss will happen during any trader's journey, so taking the losses as lessons is not easy for most, after all it is their hard earned money.

After a successful transaction, you should also not rush to open new transactions, they can be carried out on emotions, and this is not very good, besides, in trading, like in any other work, you need rest, so when you close a successful transaction, you can simply do some period of rest. In this way, our emotional state can be more resilient as we allow it to recover. This all comes with experience, but at first it may seem that more is better.

[ShowOff]

I think it's just the opposite. long-held gains are the most deceptive. I even experienced it myself, if the coin is at the peak of the bull, there is no reason to hold it, even if it goes up, the risk when holding it is much higher. I experience this very often, it's good to take advantage early. especially if the project has just been listed on the market. playing the price with fast time is the best to make profit.

If you don't want to get stuck at the highest price, then don't buy at that range to start investing. While you can take profits at the highest peak of the price "ATH"  - without a doubt it is recommended if you are simply a cyclical or seasonal investor. After all it really depends on your plans regarding investment, so this should be a normal practice that can't be faulted.

Scalping for the short term is great, but what you need to avoid is gambling on the bitcoin price, I mean it's kind of investing hoping your luck brings 2x, 3x or more returns. But try to understand properly, bitcoin is an asset that has the potential to become more expensive year after year so profits in the long term is something that has a high chance of getting.

Re: Early Profit can be misleading.

Maybe, but not all.

[MIner1448]

I agree with your opinion. Making a profit is an important aspect of trading, but novice traders should also pay attention to mastering the fundamental and technical aspects of trading. This includes an understanding of trading instruments, the ability to analyze the market and make informed decisions.
Newbie traders who start their careers with easy profits may feel confident, but if they do not understand what is behind their success, they can easily lose their money in the future. On the other hand, if a novice trader starts his career with losses, he may consider it a failure, but if he continues to learn the trade and overcome his mistakes, he may become a more successful trader in the future.

[Hamphser]

I agree with your opinion. Making a profit is an important aspect of trading, but novice traders should also pay attention to mastering the fundamental and technical aspects of trading. This includes an understanding of trading instruments, the ability to analyze the market and make informed decisions.
Newbie traders who start their careers with easy profits may feel confident, but if they do not understand what is behind their success, they can easily lose their money in the future. On the other hand, if a novice trader starts his career with losses, he may consider it a failure, but if he continues to learn the trade and overcome his mistakes, he may become a more successful trader in the future.

Initial profits is common on which we could say or pertain about beginners luck but sustaining it would be the main issue due to lack of skills and knowledge and this is where you would be already minding that you

should be learning more. Then how? Of course you would really be keeping on doing trading and learn up all the things that you should be learning on the way.This doesnt involved on short time duration but rather it would be a long one which you would be able to experience lots of trial and errors along the way which i could say that it would be normal. I couldn't really blame out those noobs who would really be having those thoughts that it would really be just easy or simply.
On the time that reality would be faced on then you would really be realizing that you do still have a long way to go on for you to have that good grasps on everything.

[Alpha Marine]

One of them is by being aware of one's own abilities, I mean people (beginners) who have thoughts like that are people who are arrogant and think they have the ability and knowledge. Things like this are things that must be realized by themselves, because they themselves know the abilities that exist within themselves. To minimize them so that they don't become arrogant when they get early profits, one of them is to have them mentored by people who are more experienced. People who have already been in a space like this must understand what really happens in that first advantage.

Getting a more experienced mentor is a good idea, but if that mentor will say that you should be wise then he is not good. You never can know if you are wise or wise enough for some enterprise, it is not what you can know about yourself exactly. If you are too impulsive and need correct your trading basing on that knowledge you can know that and use that knowledge, if you are too fear of risks... You can know many things about yourself but hardly about if you are enough wise or not. So we need exact advice from mentors to not be mislead with an early profit and not general words of staying wise.

I don't know about everybody, but within me, I know when things happen to me based on sheer luck. I've been in situations where I did something and it worked perfectly and everybody started seeing me as a pro but deep down I knew I was just lucky and I started feeling like a fraud.

I kind of agree with what @Jody.Drummer said. When you are aware of your own abilities you should know when you are not good enough to achieve the result you achieved. Some people might say it's limiting yourself but I don't agree. It's just you being true to yourself and being realistic.
Saying you're not too good at something doesn't mean you're limiting yourself, I believe it's you acknowledging that you are not good enough but you are ready and willing to improve.

[jokers10]

I don't know about everybody, but within me, I know when things happen to me based on sheer luck. I've been in situations where I did something and it worked perfectly and everybody started seeing me as a pro but deep down I knew I was just lucky and I started feeling like a fraud.

I kind of agree with what @Jody.Drummer said. When you are aware of your own abilities you should know when you are not good enough to achieve the result you achieved. Some people might say it's limiting yourself but I don't agree. It's just you being true to yourself and being realistic.
Saying you're not too good at something doesn't mean you're limiting yourself, I believe it's you acknowledging that you are not good enough but you are ready and willing to improve.

Impostor syndrome can also make problems. Many others are not more professional in many cases and it is important to keep balance in evaluating your possibilities: not to think you can everything when you have a lack of information but not to underestimate your abilities when you start to understand how complicated things are also.

And of course additional education and self-development are always good, non depending on an actual level of professionalism.

[uswa56]

I agree with your opinion. Making a profit is an important aspect of trading, but novice traders should also pay attention to mastering the fundamental and technical aspects of trading. This includes an understanding of trading instruments, the ability to analyze the market and make informed decisions.
Newbie traders who start their careers with easy profits may feel confident, but if they do not understand what is behind their success, they can easily lose their money in the future. On the other hand, if a novice trader starts his career with losses, he may consider it a failure, but if he continues to learn the trade and overcome his mistakes, he may become a more successful trader in the future.

Initial profits is common on which we could say or pertain about beginners luck but sustaining it would be the main issue due to lack of skills and knowledge and this is where you would be already minding that you

should be learning more. Then how? Of course you would really be keeping on doing trading and learn up all the things that you should be learning on the way.This doesnt involved on short time duration but rather it would be a long one which you would be able to experience lots of trial and errors along the way which i could say that it would be normal. I couldn't really blame out those noobs who would really be having those thoughts that it would really be just easy or simply.
On the time that reality would be faced on then you would really be realizing that you do still have a long way to go on for you to have that good grasps on everything.

it all depends on how a person does things for the future because everyone is different, there are those who will develop better by continuing to learn, there are also those who seem to stop learning and do what they can.
actually getting an advantage at the beginning will be a separate motivation for everyone but back again as before that every time people understand it in a different way.
Getting profit or not is actually a natural condition when we are just doing it, but how can we continue to learn and be consistent to be able to get it all, in my opinion, is the key.

[stomachgrowls]

I agree with your opinion. Making a profit is an important aspect of trading, but novice traders should also pay attention to mastering the fundamental and technical aspects of trading. This includes an understanding of trading instruments, the ability to analyze the market and make informed decisions.
Newbie traders who start their careers with easy profits may feel confident, but if they do not understand what is behind their success, they can easily lose their money in the future. On the other hand, if a novice trader starts his career with losses, he may consider it a failure, but if he continues to learn the trade and overcome his mistakes, he may become a more successful trader in the future.

Initial profits is common on which we could say or pertain about beginners luck but sustaining it would be the main issue due to lack of skills and knowledge and this is where you would be already minding that you

should be learning more. Then how? Of course you would really be keeping on doing trading and learn up all the things that you should be learning on the way.This doesnt involved on short time duration but rather it would be a long one which you would be able to experience lots of trial and errors along the way which i could say that it would be normal. I couldn't really blame out those noobs who would really be having those thoughts that it would really be just easy or simply.
On the time that reality would be faced on then you would really be realizing that you do still have a long way to go on for you to have that good grasps on everything.

it all depends on how a person does things for the future because everyone is different, there are those who will develop better by continuing to learn, there are also those who seem to stop learning and do what they can.
actually getting an advantage at the beginning will be a separate motivation for everyone but back again as before that every time people understand it in a different way.
Getting profit or not is actually a natural condition when we are just doing it, but how can we continue to learn and be consistent to be able to get it all, in my opinion, is the key.

Motivation and indeed consistency on what you are doing because if you do have already set up some goals earlier then it would be depending whether these things would be altered out or not. It does really depend
on what you actions would really are and this isnt something that you could ignore it out.If you wont act then you wont really be seeing yourself on having those progress.I agree on what @Hamphser said above that noobs would really be diving in into something without even trying to rethink on what they've been involving into and just simply invest and trade out without having those kind of awareness.

Early profits could really be something that give out some boost specially if its your first time.You would really be having thoughts that you can do this all  day and would really be making huge profits
in no time which it is really that a bad thing to have in mind. When you do profit then try to look back on what you have done because the market is really that very dynamic on which it could
changed and shift up on different pathways neither up or down in a blink of an eye.This is why you should really be that versatile.

[yudi09]

I agree with your opinion. Making a profit is an important aspect of trading, but novice traders should also pay attention to mastering the fundamental and technical aspects of trading. This includes an understanding of trading instruments, the ability to analyze the market and make informed decisions.

Profit is the goal of all traders who carry out their activities in trading crypto as well as stocks. The strategies and methods that must be mastered by a trader to achieve his goals are important aspects or the main capital after money capital.
The strategies and methods that must be mastered by them include the ability to read information and analyze market opportunities. I call it a road or a bridge to a goal.

Newbie traders who start their careers with easy profits may feel confident, but if they do not understand what is behind their success, they can easily lose their money in the future.

This is no different from what I said above.
In terms of philosophy know yourself, ^{learn not to be greedy with good skills in managing emotions}, know the environment, ^{understand the ups and down cycles, coin opportunities that have a large community and a strong foundation}, then success will be achieved greater than experiencing loss.

[Franctoshi]

To some extent I agree with you , but this is when you've become over excited or overreacted about the profit , for me early profit is used to be an encouragement to actually play safe than hitting a lose at the first place, beginning with a lose can do more harm than good as a trader and lot of people quits at this point, because it alter your emotions if not controlled. However some people would think they've already arrived and have gotten it right or the right strategy to begin with when they first make profit. Whenever I start with 1-3 profits I'm always cautious about my next trade.

[Jody.Drummer]

One of them is by being aware of one's own abilities, I mean people (beginners) who have thoughts like that are people who are arrogant and think they have the ability and knowledge. Things like this are things that must be realized by themselves, because they themselves know the abilities that exist within themselves. To minimize them so that they don't become arrogant when they get early profits, one of them is to have them mentored by people who are more experienced. People who have already been in a space like this must understand what really happens in that first advantage.

Getting a more experienced mentor is a good idea, but if that mentor will say that you should be wise then he is not good. You never can know if you are wise or wise enough for some enterprise, it is not what you can know about yourself exactly. If you are too impulsive and need correct your trading basing on that knowledge you can know that and use that knowledge, if you are too fear of risks... You can know many things about yourself but hardly about if you are enough wise or not. So we need exact advice from mentors to not be mislead with an early profit and not general words of staying wise.

I don't know about everybody, but within me, I know when things happen to me based on sheer luck. I've been in situations where I did something and it worked perfectly and everybody started seeing me as a pro but deep down I knew I was just lucky and I started feeling like a fraud.

I kind of agree with what @Jody.Drummer said. When you are aware of your own abilities you should know when you are not good enough to achieve the result you achieved. Some people might say it's limiting yourself but I don't agree. It's just you being true to yourself and being realistic.
Saying you're not too good at something doesn't mean you're limiting yourself, I believe it's you acknowledging that you are not good enough but you are ready and willing to improve.

Self-awareness is clearly very important in this case because regardless of anything, looking at the current condition, when we can still be said to be beginners and have succeeded several times, it doesn't mean that we can say that we are professionals because luck might still be on our side. .
Low self-esteem is needed here, but when something like this happens, of course, it is also difficult for us to control the Ego, which always pervades, which makes this a hassle. therefore so that things like this don't happen, always limit yourself by being humble and by seeking more information and new knowledge so that we are not wrong in acting and of course doing it by looking for several mentors who can indeed be used as role models can still be done so that we don't big head in the end.

[Aanuoluwatofunmi]

To some extent I agree with you , but this is when you've become over excited or overreacted about the profit , for me early profit is used to be an encouragement to actually play safe than hitting a lose at the first place, beginning with a lose can do more harm than good as a trader and lot of people quits at this point, because it alter your emotions if not controlled. However some people would think they've already arrived and have gotten it right or the right strategy to begin with when they first make profit. Whenever I start with 1-3 profits I'm always cautious about my next trade.

One common thing attributed to making an early profit on investment is the luck factor, once they make an attempt and hit the target on this first approach, they believe that things will always be as thesame always and therefore they relax down and the next thing you see is the other side of it all, hitting them unexpectedly where they could hardly recover from, in every trading we do, we must always be on alert, anything can try to show up entirely different from what we expected, but once we see it coming, we could prepare and plan against such.