It’s good to do the https://wiki.eveuniversity.org/The_Blood-Stained_Stars early (BTW it’s also known as the “SoE Epic Arc” - you many have seen it mentioned in the Rookie Help channel by that name) …
… but experienced players do it too, for the standings reward, and they sometimes forget some of the rookie aspects of it along the way:
- You get a significant standards boost on completion. You don’t want to waste this, so I suggest that during the Arc, make sure you understand EVE standings and which side you want to be on for the immediate future, so it’s easy to decide how to use the standings reward.
- Most of the missions are reasonably easy, but a few must have been designed to teach important lessons. There’s one (Burning Down the Hive) where a lot of players lose their best mission ship for the first time, and two at the end (especially the penultimate mission: Our Man Dagan) that require a well fitted ship and a plan for handling incoming damage. Killing Dagan is often the first time a new player has to optimize a ship for a task, which can be difficult the first time.
FWIW, I suggest you do both the missions I named above in “the best ship you can definitely afford to lose”, fail, then ask someone who’s done it before help you prepare for your second attempt.
You can get help in advance of course, but IMO these are things that are better “learned the hard way” - but not to the extent that you have to grind for a couple of days to replace the ships you risk, so use cost-effective ships rather than the best you can afford.
Dagan is a hard target for a rookie, but he’s an unusually instructive opponent. He can be dropped in several different ways (different tanking styles, different ranges, etc) - you can test every technique that works for your faction. If I ever do the SoE Arc again I’ll definitely “suicide” just before killing him a few times so I can practice multiple fits and techniques using cheap, minimally powerful ships.