I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.
Absolutely, having the right knowledge and strategy is what make us become more profitable. And its always the first thing you should do when making and investment or trading. Educate yourself and do some research first. You cant even make money by just jumping on to the market without proper knowledge. It's called gambling and not trading. You're just depending on your luck. Whether you gonna win or end up lossing your capital. And it is just like you're going on war without enough weapon. Skills and knowledge create consistent ptofitability with a high success rate and small minimum losses. Thats why it is important to have these before going in a trade. 
Topic: PROFIT must not be top priority in trading, instead of LEARNING first. - page 3. (Read 715 times)
March 08, 2022, 11:25:43 PM
March 08, 2022, 05:31:11 PM
I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.
I am one of those people who are very obsessed with profit when I first trade, every time I experience a loss I don't learn from the mistakes I made.
But continue to try to cover the losses that I experienced, I ended up experiencing a huge loss at that time. Over time I began to understand how
to trade properly. As you said, we should not focus too much on pursuing profit when trading. However, try to focus first on increasing our knowledge
and ability to analyze the market. If we have good knowledge about the crypto world and also good analytical skills to read price movements in
the market, then the profit will be obtained automatically. So my advice is that before starting trading, we should learn everything about crypto,
so that we understand how crypto works.
March 08, 2022, 04:51:25 PM
That's easy to say but not everyone would have that mind of being smart in finances. But I think it's already attached if you're a trader, you should also be good in finances as you trade.
It was hard because we are not focusing on that, we often ignore it while giving more focus on how to make a profit. Very unlikely, but these pro-traders had made changed their mind due to their experience. It was supposed to be our doing but sometimes we have been brag by our emotions and leads to the other direction instead of following the plan.This is the result if we don't have a concrete plan and enough knowledge about investment, and about trading as we are very close to losing than to make a profit.
And that's through managing your finances and handling better the money that you're holding. This is going to make you a better trader upon learning from the mistakes that you've made when it's about how you handle money.
and its true that your main priority should be on learning or taking a good grasps on everything and next would be getting profits without even you noticing.Stick with the basic principles and
dont be greedy and you would definitely able to sustain out this market even though it wouldnt be that simple but wont really be that impossible.
March 08, 2022, 04:22:54 PM
That's easy to say but not everyone would have that mind of being smart in finances. But I think it's already attached if you're a trader, you should also be good in finances as you trade.
It was hard because we are not focusing on that, we often ignore it while giving more focus on how to make a profit. Very unlikely, but these pro-traders had made changed their mind due to their experience. It was supposed to be our doing but sometimes we have been brag by our emotions and leads to the other direction instead of following the plan.This is the result if we don't have a concrete plan and enough knowledge about investment, and about trading as we are very close to losing than to make a profit.
And that's through managing your finances and handling better the money that you're holding. This is going to make you a better trader upon learning from the mistakes that you've made when it's about how you handle money.
March 08, 2022, 01:53:37 PM
Definitely. There you are, on the verge of successful journey of crypto currency trading. If you got the point of learning before trading then that’s perfect thing to do. Well basically it’s the first step when we are going for something new whether it’s driving a car or putting Call/put options in the trading window everything needs proper skill set to execute it successfully.
I have seen many people on the forum itself who will just put up their stories on how they lost the money in trading in thousands of dollars just because they had no skills and exclusive knowledge to trade. So this is the scenario, adopt first the required skills and then jump into trading.
I have seen many people on the forum itself who will just put up their stories on how they lost the money in trading in thousands of dollars just because they had no skills and exclusive knowledge to trade. So this is the scenario, adopt first the required skills and then jump into trading.
March 08, 2022, 01:51:29 PM
Before deciding to trade of course we have to think about the right capital which is cold money,
because in trading the risk of losing money is very large so by using cold money at least we are not too sorry if you lose money,
most importantly we must also be smart in managing finances
That is the start of every trading. If you are trading with the money you do not care about losing, you would become a better trader, most people are not doing that and they are losing a lot of money. If you end up using money that you may need, then you are going to end up cashing out at a loss whenever you need the money. because in trading the risk of losing money is very large so by using cold money at least we are not too sorry if you lose money,
most importantly we must also be smart in managing finances
However, if you do not need the money then you are not going to end up with a loss, you are going to end up with a drop at some point but since you do not care about it, you would be able to wait it out and eventually end up at positive again and sell it and make a profit, that has been the case for most professional traders profits.
March 08, 2022, 10:20:42 AM
Before deciding to trade of course we have to think about the right capital which is cold money,
because in trading the risk of losing money is very large so by using cold money at least we are not too sorry if you lose money,
Cold money or not, it's better to trade with the amount you can afford to lose.because in trading the risk of losing money is very large so by using cold money at least we are not too sorry if you lose money,
most importantly we must also be smart in managing finances
That's easy to say but not everyone would have that mind of being smart in finances. But I think it's already attached if you're a trader, you should also be good in finances as you trade.This is the result if we don't have a concrete plan and enough knowledge about investment, and about trading as we are very close to losing than to make a profit.
March 08, 2022, 07:37:10 AM
Learning is undeniably a top priority when trading, because how can a trader supposed to do good and gain profit if one does not have knowledge and does educated moves and decisions. However, learning and earning must be sought equally. Yes, there will be times that a trader will have both, or may learn valuable lessons but won’t earn profit, but should not strive to just plainly earn without learning.
March 08, 2022, 06:36:03 AM
Before deciding to trade of course we have to think about the right capital which is cold money,
because in trading the risk of losing money is very large so by using cold money at least we are not too sorry if you lose money,
Cold money or not, it's better to trade with the amount you can afford to lose.because in trading the risk of losing money is very large so by using cold money at least we are not too sorry if you lose money,
most importantly we must also be smart in managing finances
That's easy to say but not everyone would have that mind of being smart in finances. But I think it's already attached if you're a trader, you should also be good in finances as you trade.This is the result if we don't have a concrete plan and enough knowledge about investment, and about trading as we are very close to losing than to make a profit.
March 08, 2022, 05:34:25 AM
Before deciding to trade of course we have to think about the right capital which is cold money,
because in trading the risk of losing money is very large so by using cold money at least we are not too sorry if you lose money,
Cold money or not, it's better to trade with the amount you can afford to lose.because in trading the risk of losing money is very large so by using cold money at least we are not too sorry if you lose money,
most importantly we must also be smart in managing finances
That's easy to say but not everyone would have that mind of being smart in finances. But I think it's already attached if you're a trader, you should also be good in finances as you trade. 
March 08, 2022, 04:18:13 AM
Yes I will definitely agree with this, I mean, of course, everyone is aiming for a profit and it is not easy to move on if you lose a huge amount in the trading right but for me, if we will going to priority profit first instead of learning first then I guess why joining or why tried to trade when you're not knowledgable enough on what you're going to do. I mean, educate yourself first before jumping off on the certain thing that you don't know exactly what to do. We also have this saying experienced is the best teacher yes that's true but in my case, I can't afford to lose a lot of money so I would not dare to try this one in terms of trading, so I will make sure I know exactly what I'm doing.
A good mindset if you know exactly what you can do and don't want to take risks with so called trading. you are really ready in terms of finance, mental and also knowledge. Don't invest the money you need, but use the money you don't need in the future for trading capital.because in trading the risk of losing money is very large so by using cold money at least we are not too sorry if you lose money,
most importantly we must also be smart in managing finances
March 08, 2022, 03:49:00 AM
I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.
Even losses happening while crypto trading for the hundredth time, it will be frustrating for sure. Money is always money and there cannot be any exception on emotion bonding while losing it. This is the reason many people are still believing that profit is most important thing in trading; this way they are forgetting about the basics of making profits which must be the learning part.Everyone should be aware of the fact that learning and practicing in live environment is more important for making profit in trading. When we are spending lots of time on this learning part then we can easily make profits. Traders who rush into live trading without giving enough time and efforts for learning part will find many frustrating losses in the end and then may go back to learning or simply quit. So, success on trading and how effectively pursuing that is purely depends on our learning part.
March 07, 2022, 11:44:02 PM
I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.
Even losses happening while crypto trading for the hundredth time, it will be frustrating for sure. Money is always money and there cannot be any exception on emotion bonding while losing it. This is the reason many people are still believing that profit is most important thing in trading; this way they are forgetting about the basics of making profits which must be the learning part.Everyone should be aware of the fact that learning and practicing in live environment is more important for making profit in trading. When we are spending lots of time on this learning part then we can easily make profits. Traders who rush into live trading without giving enough time and efforts for learning part will find many frustrating losses in the end and then may go back to learning or simply quit. So, success on trading and how effectively pursuing that is purely depends on our learning part.
March 07, 2022, 04:46:00 PM
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.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.
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.
March 06, 2022, 10:00:04 AM
Learning is indeed a top priority before trading. Profits will follow if trading knowledge is mastered. It takes practice and practice to hone trading skills, because if it's just a theory it won't be optimal. Some beginners just want to make a profit without wanting to learn first. if all knowledge of trading is mastered, making a profit on each trade will be easier and can determine what to do in the market.
Yes I will definitely agree with this, I mean, of course, everyone is aiming for a profit and it is not easy to move on if you lose a huge amount in the trading right but for me, if we will going to priority profit first instead of learning first then I guess why joining or why tried to trade when you're not knowledgable enough on what you're going to do. I mean, educate yourself first before jumping off on the certain thing that you don't know exactly what to do. We also have this saying experienced is the best teacher yes that's true but in my case, I can't afford to lose a lot of money so I would not dare to try this one in terms of trading, so I will make sure I know exactly what I'm doing.
March 06, 2022, 08:53:32 AM
I think this is not only in trading but in different aspects of new ventures. Learning should always be established first and with varied experiences, it will help to develop your skill and enhanced it. However, learning in trading should always take place consistently. You will never make good profits from trading if you are not updated with the market trend and events as trading is more affected with the market trends and sentiments. And to add that, good attitude towards trading and positive mindset should always be given high importance.
"it's like a knife, if it's always sharpened, the sharpness will be perfect". i still remember very well when i first started my business, if i didn't learn from my mistakes and back off then today i probably wouldn't see my business running on autopilot. trading is not a one-night science, it takes perseverance to be profitable. 
March 06, 2022, 08:53:23 AM
Learning is indeed a top priority before trading. Profits will follow if trading knowledge is mastered. It takes practice and practice to hone trading skills, because if it's just a theory it won't be optimal. Some beginners just want to make a profit without wanting to learn first. if all knowledge of trading is mastered, making a profit on each trade will be easier and can determine what to do in the market.
The mindset that only thinks about profit without learning, I think needs to be eliminated,after all, everything needs a good process in trading or whatever,
Trading is also not that easy because it is not only knowledge and skills that we need to master but in terms of making decisions or analyzing it is also important
March 05, 2022, 01:10:17 PM
recently audience who is just see that there's a possible earning in the cryptocurrency trading thinks its just the market prediction itself and nothing to learn too much they are wrong its the battle between the knowledge and understanding to make a trade it consist a lot of ideas how to be executed properly so such like the indicators and signals not just a basic hoax and guts it will going to ether to pump or dump. Invest in knowledge first before lossing all your money because of your mistakes.
March 05, 2022, 12:27:15 PM
education about trading will make you successful if you are desiring to have profit in trading then you should not concentrate on your gaining or failure but remember that because of these mistakes you will realize that how to do trading and how to get profit so if at the first time you make wrong decision then surely you will not repeat those mistakes again. So in this case you will become a successful trader very soon.
March 05, 2022, 08:07:38 AM
I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.
those who enter into trading with the aim of money will surely only lose money, equip yourself first with skills, experience and also a strong mentality so that every decision can be made correctly. even those who have been trading for a long time are required to continue to learn, learn and learn from mistakes or the latest knowledge.
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