As a beginner in trading, such profits of 1-5$ gives us joy and hope to take the next step, also motivate us as beginners to have zeal and dedication towards trading. But losses in crypto trading always weaken the zeal and the activeness of the beginners, so profit taken is always good.
It is good hear but do note that you should not let small profits from a trades act like small doses of dopamine which make you addicted to it. Rather use it as a source of motivation for bigger profits.
Bad days will happen and in trading these are opportunities to introspect into possible mistakes and chances to rethink your strategy. While losses do have a mental trauma, you can stick to the positive side and learn from them.
For beginners paper trading should be the first thing to start with. You should not jump into the real market right away. Do it on paper, check how much profit you made of how effective your prediction was.
Demo trades would be good but nothing beats out on getting real experience and knowledge on real or live trades even though they should start on very small amount which they could really take some practice.
Its true that mental trauma when in losses is really there which is really on point but once you do gain up sufficient knowledge and experience then you wouldnt really make yourself buldge on this one but instead
you are already prepared up something for this and taking profit is something differs on each individual because we do have personal goals and targets on our mind.
You nailed it! After you gain up knowledge, the chance of making positive positions is high,
at first you need to balance everything trading is not an easy venture, a lot of things that you needed to consider and
by practicing both from demos and live trades, you will be familiarize with how the market works and you will be able to
find the best suited strategy to use.
It takes time and more efforts to succeed from this venue of business, make a good use of every knowledge that you will learn along the way.