Pages:
Author

Topic: PROFIT must not be top priority in trading, instead of LEARNING first. (Read 715 times)

sr. member
Activity: 2296
Merit: 348
It’s good to learn Crypto currency trading, and if after learning it you feel that it is something that is not meant for you, then you can just start from there to quit. I always try to be clear with anyone I meet, I always tell them that cryptocurrency is a risky business to engage in, and if you feel that you cannot do it, then it’s best to just look for something else or another way to invest in Bitcoin, you can even just be investing and holding for long term.

If you try to force yourself into trading, and it is not working, if you keep forcing it, it’s just going to be losses upon losses, at the end of the day you will just be frustrated.
sr. member
Activity: 2338
Merit: 365
This is how newbie lost money on crypto they are too hurry to earn huge amount of money without knowing big risk on crypto trading, they only realized to learn first trading and gain knowledge once they lost huge amount of money which is really unfortunately especially if your newbie and your funds are limited.   
too late to realize something will have a bad impact...

learning it is very important, especially in trading related to money. Those who don't want to learn and think that trading skills can be mastered at any time will end up with big regrets for losing money. before starting anything, especially trading, make it a habit to find out in advance what the risks will be and always discuss with the trading community because you and they have the same interests.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
I think it is a generally expected sense that you ought to learn and acquiring information through real exchanges yet the vast majority of the new dealers are too eager to even consider procuring benefit and wound up losing. The point of learning is for one to recognize the most ideal exchanging methodology they can work with which continues to create a bigger number of gains than misfortunes over an exchanging period.
The newbies usually see people like you and me end up making profit and they consider the fact that they could make the same type of profit as well. The reality is that we may have worked a lot and learned and studied but they think that people are making insane returns so why shouldn't we.

Another reason is that they do not see regular returns like I do, I am not doing bad but nothing unbelievable neither. However, they end up seeing people who turned 8k into shiba becoming 1+ billion dollars type of things and they start dreaming about making big money. Don't get me wrong, I do dream about that type of thing even after so many years but that doesn't mean that I am not being careful while trading neither.

That's something to remember. If you see the way newbie thinks about this industry, you are mostly leading your investment to lose. It's not easy to be successful from here. You need to invest with time to enhance your knowledge and to build a strong personality to conquer your fear each time the market seems not favoring your position.

There are many factors to understand and it's true to think about learning the process first and the rest will be given to you once you fully understand the sway inside the market.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
This is how newbie lost money on crypto they are too hurry to earn huge amount of money without knowing big risk on crypto trading, they only realized to learn first trading and gain knowledge once they lost huge amount of money which is really unfortunately especially if your newbie and your funds are limited.   

Their expectations eating them much that's why they will be slap by reality that its hard to gain on trading if you don't learn it first. Also its good if they learn and continue if they lose their money because its worse decision if they quite and became a cry baby if they feel they are losing to much on what supposed to be they think they can earn profit with.

And for newbies who have limited funds then I guess the best option before taking the risk is to learn more the technicals and trade once you understand the certain market scenarios that we can encounter.
Once the reality would slap out into their faces then this is the time that they would do the things correctly or in right but on before then they would really be having those kind of expectations and mindset which

it isnt right but sooner or later they would really able to experience the reality of this market which it is something not would be that easy.Learning is the key but of course it would be acquired through real experience

and once you do able to have some good grasps on it then this is where you do able to handle out yourself and survive this fierce market.
sr. member
Activity: 1554
Merit: 374
Vave.com - Crypto Casino
Actually they are both top priorities. Your goal is to make profit that's why you risk your money with your knowledge about trading. Losing can't be avoided, because losing means you'll gain experience or be frustrated on it, it's your choice. Losing a trade doesn't mean you'll go back to square one, losing means you'll start a new one with some additional knowledge you just got by losing, and that's increase your chances on your goal which is to make profits.

Indeed, profit and learning must be both top priorities of a trader. It always depends on how traders take each winning or losing moments, but if one will go through the deepest essence of each moments then it can be understood that experiences through triumphs and tough positions will surely give learnings. And that valuable lessons or monetary gains are both profit on their very essence.
It can be both of them are our priorities but we can't have them both together in a single set. There is one top priority that we need to address first and that is learning.
It was going to believe that having knowledge about trading will lead to somewhat called success and more profit. We can't dare hide this and the truth is that those people who are rushing to the market just fail. I guess we don't like it, not for sure and that is one reason why we should do searches, watch tutorials, and even have a mentor.
What is noticeable here is the mutual benefit and both must be a trader's top priority. It always depends on how the traders take their every win or every moment of their hand.  Will teach and those assessment lessons or rights gains will both be seen and benefited in them
sr. member
Activity: 2030
Merit: 323
Are we really separating them from each other though? I mean you are learning because you want to profit, which means that your priority is profiting and not learning. The meaning of the word priority means you do something, and it doesn't have the your priority, you could do something to get something else. When you are playing football, the priority is to win, it is not to play.

The same thing here, you do learn, but that is not priority, you learn because you want to profit. Sure there must be some people who learn for just learnings sake and that is understandable but that doesn't mean that it is the case for everyone and you have to get better at it for sure.
legendary
Activity: 3318
Merit: 1128
I think it is a generally expected sense that you ought to learn and acquiring information through real exchanges yet the vast majority of the new dealers are too eager to even consider procuring benefit and wound up losing. The point of learning is for one to recognize the most ideal exchanging methodology they can work with which continues to create a bigger number of gains than misfortunes over an exchanging period.
The newbies usually see people like you and me end up making profit and they consider the fact that they could make the same type of profit as well. The reality is that we may have worked a lot and learned and studied but they think that people are making insane returns so why shouldn't we.

Another reason is that they do not see regular returns like I do, I am not doing bad but nothing unbelievable neither. However, they end up seeing people who turned 8k into shiba becoming 1+ billion dollars type of things and they start dreaming about making big money. Don't get me wrong, I do dream about that type of thing even after so many years but that doesn't mean that I am not being careful while trading neither.
hero member
Activity: 2520
Merit: 783
This is how newbie lost money on crypto they are too hurry to earn huge amount of money without knowing big risk on crypto trading, they only realized to learn first trading and gain knowledge once they lost huge amount of money which is really unfortunately especially if your newbie and your funds are limited.   

Their expectations eating them much that's why they will be slap by reality that its hard to gain on trading if you don't learn it first. Also its good if they learn and continue if they lose their money because its worse decision if they quite and became a cry baby if they feel they are losing to much on what supposed to be they think they can earn profit with.

And for newbies who have limited funds then I guess the best option before taking the risk is to learn more the technicals and trade once you understand the certain market scenarios that we can encounter.
hero member
Activity: 2492
Merit: 542
This is how newbie lost money on crypto they are too hurry to earn huge amount of money without knowing big risk on crypto trading, they only realized to learn first trading and gain knowledge once they lost huge amount of money which is really unfortunately especially if your newbie and your funds are limited.   
sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
Well, you can do it yourself also to manage and have them both, profit while learning experience.
Because when you are in trading it is expected that you are already knowledgeable enough in trading, don't tell me you are on a battlefield that does not have battle gear and guns. Of course --top of the priority is profit for me, no one wants to waste their money and there are too many ways to learn in trading without wasting your money, go for trading offline and practice until you will know.
hero member
Activity: 2688
Merit: 540
DGbet.fun - Crypto Sportsbook
I think it is a generally expected sense that you ought to learn and acquiring information through real exchanges yet the vast majority of the new dealers are too eager to even consider procuring benefit and wound up losing. The point of learning is for one to recognize the most ideal exchanging methodology they can work with which continues to create a bigger number of gains than misfortunes over an exchanging period.
This is expected but still many are not paying attention, they just thought about making profit without knowing the procedure and the process on how they can become more effective. Learning is important same thing on making money, but you have to understand that its too impossible to make profit without the knowledge, so start from the very basic and learn the process, there should be no shortcut to become more profitable aside from learning.
Whether they do like it or not they would really still be going into that path on where they would really be realizing that they should need to learn out from those mistakes because if they dont then they would definitely be experiencing lots of problems ahead because trading isnt a race on which you do need to rush up on things but rather be thinking about sustainability and this would really be the key.Use up your own common sense
on how you would handle out the situation and not really just going or dealing with things just because you are eager on making profits and this is where mistakes do really came from.
Be sensible onto your actions and be mindful and learn up on every single thing along  the way.
Trading brings a lot of risk so if you can't manage the risk because you are not that knowledgeable and well skilled in trading, then you will never make profits in it. In all that we do, learning should always be happening first because that will help us to be more capable and be sustainable in everything we do.  Sad to say, new traders are not eager to learn but they are more eager on making profits. Hopefully, they will realize that if they skip learning, they will be attracting losses and not really profits.
Mistakes are stepping stones for you to become a better trader and everything would really come in time and would not really be in a hurry and just like on others been saying that
dont rush up because you would really be on that time on which you are gaining that knowledge without knowing or being aware.Deal with it and then learn in all aspects
because this would really help you out to sustain this market in the end.Just dont rush up and do those basic things according to your own goals and targets.
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
I think it is a generally expected sense that you ought to learn and acquiring information through real exchanges yet the vast majority of the new dealers are too eager to even consider procuring benefit and wound up losing. The point of learning is for one to recognize the most ideal exchanging methodology they can work with which continues to create a bigger number of gains than misfortunes over an exchanging period.
This is expected but still many are not paying attention, they just thought about making profit without knowing the procedure and the process on how they can become more effective. Learning is important same thing on making money, but you have to understand that its too impossible to make profit without the knowledge, so start from the very basic and learn the process, there should be no shortcut to become more profitable aside from learning.
Whether they do like it or not they would really still be going into that path on where they would really be realizing that they should need to learn out from those mistakes because if they dont then they would definitely be experiencing lots of problems ahead because trading isnt a race on which you do need to rush up on things but rather be thinking about sustainability and this would really be the key.Use up your own common sense
on how you would handle out the situation and not really just going or dealing with things just because you are eager on making profits and this is where mistakes do really came from.
Be sensible onto your actions and be mindful and learn up on every single thing along  the way.
Trading brings a lot of risk so if you can't manage the risk because you are not that knowledgeable and well skilled in trading, then you will never make profits in it. In all that we do, learning should always be happening first because that will help us to be more capable and be sustainable in everything we do.  Sad to say, new traders are not eager to learn but they are more eager on making profits. Hopefully, they will realize that if they skip learning, they will be attracting losses and not really profits.
hero member
Activity: 2730
Merit: 632
I think it is a generally expected sense that you ought to learn and acquiring information through real exchanges yet the vast majority of the new dealers are too eager to even consider procuring benefit and wound up losing. The point of learning is for one to recognize the most ideal exchanging methodology they can work with which continues to create a bigger number of gains than misfortunes over an exchanging period.
This is expected but still many are not paying attention, they just thought about making profit without knowing the procedure and the process on how they can become more effective. Learning is important same thing on making money, but you have to understand that its too impossible to make profit without the knowledge, so start from the very basic and learn the process, there should be no shortcut to become more profitable aside from learning.
Whether they do like it or not they would really still be going into that path on where they would really be realizing that they should need to learn out from those mistakes because if they dont then they would definitely be experiencing lots of problems ahead because trading isnt a race on which you do need to rush up on things but rather be thinking about sustainability and this would really be the key.Use up your own common sense
on how you would handle out the situation and not really just going or dealing with things just because you are eager on making profits and this is where mistakes do really came from.
Be sensible onto your actions and be mindful and learn up on every single thing along  the way.
full member
Activity: 2086
Merit: 193
I think it is a generally expected sense that you ought to learn and acquiring information through real exchanges yet the vast majority of the new dealers are too eager to even consider procuring benefit and wound up losing. The point of learning is for one to recognize the most ideal exchanging methodology they can work with which continues to create a bigger number of gains than misfortunes over an exchanging period.
This is expected but still many are not paying attention, they just thought about making profit without knowing the procedure and the process on how they can become more effective. Learning is important same thing on making money, but you have to understand that its too impossible to make profit without the knowledge, so start from the very basic and learn the process, there should be no shortcut to become more profitable aside from learning.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
Yhup i agree on your thread title because without knowledge you cannot make profits in trading and you will end up losses instead..

Knowledge= success

so we need to make it as a priority to become successful in trading, just don't rush the situation and be aggressive always to learn more stuff about trading because there's no a short cut to become profitable trader.  
All of us need to follow the same path to have a better future in trading so be patient.
It is incredible that despite there being a lot of studies that show that there is a direct correlation with how much you know and how much you earn that people still ignore this fact.

We even live in an era called information age, and with this in mind then learning should be very high on the list of our priorities regardless of the occupation we may have, but when it comes to trading information is even more critical, as the difference between a successful trader and the one that losses most of the time it has to do with the knowledge they have and their ability to put it into practice.
But the majority has simply just ignored it, they want instant and they care less about learning how to trade. It was too sad and very unfortunate which in fact there is a lot of information found on the internet but somehow they never spent time doing research and that is why they are losing. Honestly, having this kind of mindset has nowhere to go unless they will change it and realize how important it was.

A trader will never succeed if they have lack of knowledge and experience. We don't have to ignore this as it was already been proven.
And that is what it is even more exasperating, I could understand this behavior if there was no information to be had or if it was incredibly difficult to get it. However if you want to learn how to trade there are websites completely dedicated to teach you the basics, there are websites from which you can download the movements of the assets you are interested for free and finally there are free alternatives to excel which you can use to backtest your strategy.

More than ever someone can become a very good trader today without spending a single cent, as long as they are willing to learn, and yet people do not do this.
hero member
Activity: 1260
Merit: 504
I think it is a generally expected sense that you ought to learn and acquiring information through real exchanges yet the vast majority of the new dealers are too eager to even consider procuring benefit and wound up losing. The point of learning is for one to recognize the most ideal exchanging methodology they can work with which continues to create a bigger number of gains than misfortunes over an exchanging period.
hero member
Activity: 1414
Merit: 542
I agree with the title of the OP, where someone with the skills and knowledge of crypto trading that they have automatically profits will overtake that user.

I realize that in crypto trading, learning and knowledge is very important, that's why I see many people complaining in this forum that they experience losses, none other than that they do not have expertise in the world of trading.

I think learning about crypto trading is important, someone who has knowledge can lead them to success.

Right, sometimes we missed that part because we always look to make money very fast and big amounts. But later we realized that we can't do it if we lack the knowledge and experience being a crypto trader. Majority quit early if they've seen loses after losses. But for those, it just hardened themselves to continue their trading journey and be successful because they now equip themselves with a good knowledge and learn from the mistakes of the past.
hero member
Activity: 1960
Merit: 537
Leading Crypto Sports Betting & Casino Platform
Profit is a measure of the level of each trader, no one will be able to trade profitably without knowledge. Newbies often just want to make money through advertising, they hardly care about knowledge and when they lose, they begin to realize that knowledge is the foundation, the only way they can make a profit.
Knowledge is really important, it is our path to success.
hero member
Activity: 2086
Merit: 553
Leading Crypto Sports Betting & Casino Platform
Leaning and knowledge are the basic things when trading, we should not compare this to other things.
And the profit is the target that we need to reach in order to know how far we have been good in learning, in managing the strategy, in controlling ourselves to take a risk and also to take profits. In m opinion, profit is also important to be countered, but of course, learning and knowledge is the first thing, not only in trading but in everything that we want to do.
The problem is when newbies at first trading and they expect very high profits, like the professional traders, whereas those newbies know nothing about trading, more to gambling than trading. This is the problem
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
Someone who's been on a wild ride with the market would be feeling that it's no longer all about greed but it's going to be the learning and lesson that one can take.
The principle of earning as much as you can is the main goal upon trading and that's all you wanna get when the market is no longer that good at the moment.
Doesnt matter on what would be the market condition because every actions made would really be situational which means it would vary on the time that you are executing your actions which would really be in random

manner and not all people would be having the same thinking on what are the things that they should do.Priorities would be on making profits no matter what but you wouldnt able to attain
that if you arent that good on handling out situations and of course setting up goals would be there and possible targets on which you do made out decisions.
Well, it has been the priority for all traders. All wants to have profit and that's the reason why many are trading. But it's not easy as what we're talking about it.
The situation varies per trader and it's causing the decision to change and even if you're at profit already, there could be a handful changes because of the circumstances that you might deal on that very situation.
Pages:
Jump to: