Early Profit can be misleading.
Early Profit can be misleading.
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?
Truth be told, the trading world shares similarities with gambling—instead of tossing dice, you’re gambling with your finances. As someone deeply interested in cryptocurrency, I assure you there isn’t a failsafe method for profit generation. However, don’t let this deter you. Every trader, seasoned or not, has experienced monetary loss at some point—it’s inherent in the process. If you’re just starting, take a gradual approach, refraining from hastily committing your entire life savings. Approach it as a pastime, absorbing information from literature, educational content, and market-related news. You may even unearth a new passion for trading.
A newbie trader can first lose and continue to lose more than gaining. Because a trader lose, make some amendment, that does not mean he is perfect to profit than lose, he can continue to losemand he may not get it right.
A trader can get it right from the start, but the possibility of getting it right from the start is low. But a trader can possibly be making profit than losing from the start.
I understood you, I have seen people like that before, they did not learn trading, they were just using trading to gamble, they make money and thought they can continue to make money, but instead, they suffered losses and later concluded that trading is gambling. Although trading and gambling are different but they do not want to learn.