Topic: Early Profit can be misleading. - page 3. (Read 981 times)

You must understand that trading is not like gambling, where a complete novice can come and start winning all in the name of being lucky, trading is complex and totally different, trading requires knowledge and skills, without it, there is almost no way to profit.
So there is nothing like a newbie trader enjoying easy profit, if a supposed newbie somehow, is making consistent profit in trading, then he or she have probably mastered an important art of trading, there is no two ways about it, trading has nothing to do with being lucky.

When you do step your foot into certain platforms then it should really be in default on checking out things like those you have given which is understandable because if you dont like to experience yourself
for some possible problems then its better to be mindful. Speaking about early profits then it would be normal on having this kind of approach on the time that we do make positive results
which it would be giving out  that impression that this thing would be simple but its not that actually true because things turns out to be messy when you do able to encounter
on how this market really behaves on a specific period of time which it would be giving out those kind of realizations.

Yes, I believe the newbies may already know or hear about Coinbase, Binance, and some other popular exchanges. However, Coinbase and Binance being popular and reputable don't make it a good exchange for some newbies. Do you know why? The newbie needs to understand the geographical rules, regulations, and restrictions of the exchange.

The challenge of handling loan money has come down to one's level of intelligence. As you mentioned, wealthy individuals can make borrowed funds more profitable by investing them or using them to launch a business. I will absolutely find a way to borrow more of the budgeted money if I can. However, there will always be a significant risk involved. I borrowed about $1500 during the Covid 19 pandemic and used it to purchase Bitcoin. Back then, everyone was aware of the perfect purchase price with an interest return guarantee. Everything went off without a hitch, and you were able to make the agreed-upon payment. What I learned is to take advantage of investing opportunities that the pandemic's lower prices afforded me.

I think it's understandable if a newbie trader doesn't do that. From the root word itself, they're just newbies and don't know much about FA and TA. But it's a good start as they'll get to know the actuality of what trading is and much better if they're able to earn from it.

This is just a problem of their preference but I guess most of the newbies heard of Coinbase, Binance and other popular exchanges that has been talked in the mainstream so, for me this isn't really a problem.

You are right mate,and it is also good to know that the reason why they say early profit can be misleading is because in this business of trading, experience is very important,and winning do not bring experience most times,it is failure that does that.Failure makes you know so many things that you wouldn't have known if you had won,it also makes you have time to think and get a reflection of where you made mistakes,and gives you the avenue to be able to correct it.It also gives an experience and idea about more trading businesses.
I know winning is good,but the experience you have today will make you a more successful trader Tomorrow,and the experience is simply the failure or lose you have today.

Those who are new to investing in crypto are definitely investing to make a profit. But I think trading should not be done just by investing and hoping to get profit. because sometime it will be seen that he will invest without knowing some idea about trading and later he will have to face huge loss. That is why it is best to think carefully before investing. And if you want to invest, you must follow the market analysis and other rules so that the investment can be successful.

What I consider to be misleading is a newbie trader not having the required knowledge to conduct thorough research using the fundamental and technical analysis before trading and also choosing altcoin instead of Bitcoin at the early stage of their trading journey.
Another mistake that I believe is misleading for newbie traders is not choosing a reputable and secure trading platform.

The main question, is on how about the second one? It would be still turning out to be profitable? Its true that people do become that confident on the time that they would be making up profits specially when they

are just starting up on which they would really be having those thoughts that they might really be that able to do it again.Just let them be able to be slapped by the reality because sooner or later they
would be able to find out on how hard on dealing up with a market which is really that unpredictable.

You wouldnt really be able to have a good grasps on the market on and make out some conclusions on just few tries.

Regardless of how unappealing it might sound early profit can be a trap for major losses. Trading is a continuous learning business adventure in that even older traders keep updating their knowledge and at some point in their trading history no matter how long they have been into trading still record losses occasionally. It is better to spend the time and understand how trading work, enjoy the days of losses, that way it will build better momentum to face bigger obstacles and overcome them.


One thing early profit does to traders is that it makes the newbie believe they have mastered the act of trading. Some might even become so impatient to complete their course or training. They might also feel tempted to break out from their mentors or tutors feeling they have mastered all they need to know to make more profit. then maybe go has far as taking loans from friends and family members to trade and boom every thing crashes and they learn the hard way.

Yes you are right that those Individuals who faces huge profit at start become addict to it so they cannot tolerate the losing of money later. At start when a person win regularly then he think that there is no better thing than this and they forget about its risks so in this case they put more and more money into it and finally when risk appears so they become scared of it. So it is important to take a start for just getting a lesson and think that whether you loss or win you will always accept it because a person with stronger mind accepts both and will eventually learns how to cope with these situations.

In my opinion, in this situation, you need to understand - did you make a profit because you used the right strategy, or were you just lucky?  

If you are just lucky, then it is likely that the next time you will receive losses as a financial result. If you made a profit using the right strategy, then answer yourself the question, is this strategy still relevant or already outdated?  

If the strategy is already outdated, then it needs to be updated or replaced with a new strategy (a strategy that will bring you profit).

This is the best advice I have heard in a long time. Yes, time is the best asset we have in our hand. Many people have negative opinion on people starting trade at an early age. But if we do this, we will have more time to improve ourselves. Practice makes you perfect, and this is not something to joke about. It is true and it's a fact. Good trade, bad trade. It's all part of the system. You can't learn fully if you don't have experience on both. With all this opportunity and time in our hand, if taken the right approach, one can become pro that's for sure.

I know in trading there will be risks of profit and loss. but for beginners, if they keep losing, it will decrease their interest in the trade being made. it is important to teach beginners in trading how to make a profit in trading. not all beginners have a firm feeling about every loss and will try again and again until they win. if teaching beginners to trade, do your best.

Agree, win in trading you have to keep trading there will be gains and losses but giving up is foolish. The best approach will depend on your goals and risk tolerance as an investor if you are looking for short term gains and don't mind some risk, then trading can be a good option for you. If you are more interested in long-term growth and stability, holding your cryptocurrency may be a better choice.

Whether new traders or old traders, everyone has the same goal to make a profit. No one trades to pay a loss. But one should not be so restless to make profit in the initial stage.  Because the elementary level is a level of learning. People usually learn at this level.
When people start a new business, people do not have enough business knowledge or experience in business. If a person has no idea or experience about business then how can that person earn profit like a successful businessman.  Same is the case with trading. There are many differences between a newbie trader and an experienced trader. Newbie traders would be foolish if they want to earn the same profits as experienced traders in the beginning.

Even if there is a loss in trading in the new situation, new traders should accept it and try to acquire sufficient knowledge about trading. If they practice practical training along with gaining enough knowledge then I think it won't take much time for a new trader to become an experienced trader. And if you are an experienced trader, it will be much easier to earn profit by trading.

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.

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.

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.

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.