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?
There is no doubt that whenever one starts a new business or any activity, one may face many problems in the beginning. But there are many people who are in the profit cycle from the beginning and if they don't get the right profit, they think of themselves as a failure and get sidelined from the market. And because of inexperience, they consider the business to be damaging.When it comes to cryptocurrency, it is also a market where experience is very important and there are people who have complete knowledge and experience about the market. A new trader may be profitable for a few days but luck may not always favor him. Because he doesn't know what to buy at what place and where to sell what is the difference between investment and trading.In which direction is the market trending and is it bear market or bullish market?Because experience is the best teacher, traders who have experience can successfully complete their trades everywhere. When to enter the market and when to exit the market can only be done by an experienced trader.