Many new traders are playing to lose

[retnocintaku]

Knowledge is required in trading. If your friend is new in the industry and then invest in large quantities. I guess it's too risky because your friend has no experience, so lose a lot of money. Trading requires patience and the right time to buy coins and sell coins.

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[sinta23]

Knowledge is required in trading. If your friend is new in the industry and then invest in large quantities. I guess it's too risky because your friend has no experience, so lose a lot of money. Trading requires patience and the right time to buy coins and sell coins.

Everything must be included in the calculation including trading. does not have to be big capital when it is learning. if we already have a mindset that is very profitable at the beginning it will be a little difficult because here on average they will find it hard to beat lust

[gundala]

Analysis techniques can be learned, many sources of knowledge can be read. What's hard to get is the experience. Being a trader with a strong mentality requires a lot of time, ups and downs, losses, and other bitter experiences. That is what builds the experience to be able to exist and adapt in the cryptocurrency ecosystem. Trading requires analysis, not just luck as gambling. Risks must be understood, never invest money that you can't afford to lose.

[Polar91]

Analysis techniques can be learned, many sources of knowledge can be read. What's hard to get is the experience. Being a trader with a strong mentality requires a lot of time, ups and downs, losses, and other bitter experiences. That is what builds the experience to be able to exist and adapt in the cryptocurrency ecosystem. Trading requires analysis, not just luck as gambling. Risks must be understood, never invest money that you can't afford to lose.

Indeed. Knowledge is nothing with acquiring experience. An experience is must in order to execute those technical analysis that is being learned. Risk management, experience, technical and fundamental analysis are the things that a trader must apply in order to be a successful trader. This is why it takes time to master trading.

[AlaEhBTC]

Some people thought that trading is just buying and selling and it is not. You need the knowledge to study patterns and movements in order to make an entry or exit. As a newbie, it is normal to lose sometimes as this happens to to expert traders, just do not put all your eggs in one tray so you will not lose.

[Iykecollinz]

There is no trader that has never lost, the market is not favorable at all time, sometimes one may have assumed he has made the right entry and the next moment, market dumped and goes heavily against him. It is from losing that one learns, I have lost huge trading as a newbie but they constitute what I know today and apply to win

[fullhdpixel]

Well it's his own fault trading without any knowledge, most new traders just getting into the hype and fall for market condition. They need to learn first all about trading then start with a small capital and when they have enough experience they can go for higher funds to trade.

How many new traders wants to listen to this advice,  all they are just after is how they are going to enter the trade and picture the amounts of money they can make with little without acknowledging that everything is to be played by the rule, most traders that we even see just  picking interest in the market now does not even wants to go through the stress of learning how to apply strategies, so what they do is to use gut instinct to place order for their trade and then sell still using gut instinct, but you know what, it is better that they do whatever they like, when it is time for them to be thought lesson, no one will really advise them to run after the knowledge because they will need it badly after they have failed several times.

[kindbtc]

Yeah it is the perception of most of new comers that trading is the easiest thing to do to profit, some take as a game to earn money, some thing it is as easy as buying and selling but the fact is that it is highly complex market structure with dozens of factors and market can move in any direction any time that is why we have very rare amount of successful traders and most of the bew ones just loose.

[PuertoLibre]

A lot of traders lose money because

(1) they bought in at resistance, instead of support
(2) they invested in worthless (shitcoin) projects
(3) they are too impatient and will quickly sell at a loss so they can go to the next trade
(4) they FOMO into a trade
(5) they panic sell when the price drops
(6) they based their trading decisions on social media posts

1) Whoever thinks this level is resistance should make an analysis based on the historical price chart which can't exert influence on that price is high or low
2)  Shitcoins can be found on the small exchanges which experienced traders avoid
3) HODL has some disadvantages for impatient people, maybe this potion is better for them.
4) FOMO is a real price exponent of the uptrend
5) Panic selling kills the market liquidity at full speed
6) Socia media mentors are anonymous in general, but the real traders also share the trading setups on the respective platforms.

[Ben Shedly]

Are you playing to lose or you are playing to win? a friend of mine lose all his bitcoin to trading and when he started complaining about i decide to take a look and i detected that he traded in a gambler's way.
He has 100$ and he traded just twice with 50$ which results in quick lose,im not an trading expert but most trading platforms always warn traders to limit their trading to the highest of 10$ which would have given him more chances to continue trading

Apart from not learning how trading works he is playing to lose,i think this is what many newbies are doing as well,if you are doing the same you will always end up losing your money,if you want to bet 50$ on a trade you must have thousands  of dollars on the trading platform not trading with 100$ and be praying for a miracle.

Trading is not something you can rush,expert traders out there spend days trading for profits and if a particular day is full of loss they quit trading for that day.

Of course, trading on the crypto market is somewhat similar to gambling in a casino, but I would not compare them. Because while playing in a casino, it all depends on your luck. When trading in the crypto market, luck is also important, but your knowledge and skills that you apply in trading are even more important. The ability to remain calm and patience is also important. If you have it, then you will be successful in trading in the crypto market.

[johanesrobin]

the most important thing is not giving up.
trading is not an easy job, but it requires a lot of practice and practice.
keep trying

[rodel caling]

That is a normal newbies experience tha loses in trading, I advise in every loses learn where did you mistake and analysts it well.
Trasing is not an easy job need to learn and focus to avoid loses and mistake decision every now and then while working in trading.

[TopT3ns]

At least he will learn something about that. But maybe a lot of people face something like what your friend do too. Especially if they can get their first profit. My friend after get his first profit, really confident about trading and use all his money. I already warn and i said it is better to get a lot of capital first with earning coin but like what peoples do, they try it by themself and then lose in trading because don't know basic or maybe strategy in trading. Only know buy and sell coin.

[Delilonia1]

Are you playing to lose or you are playing to win? a friend of mine lose all his bitcoin to trading and when he started complaining about i decide to take a look and i detected that he traded in a gambler's way.
He has 100$ and he traded just twice with 50$ which results in quick lose,im not an trading expert but most trading platforms always warn traders to limit their trading to the highest of 10$ which would have given him more chances to continue trading

Apart from not learning how trading works he is playing to lose,i think this is what many newbies are doing as well,if you are doing the same you will always end up losing your money,if you want to bet 50$ on a trade you must have thousands  of dollars on the trading platform not trading with 100$ and be praying for a miracle.

Trading is not something you can rush,expert traders out there spend days trading for profits and if a particular day is full of loss they quit trading for that day.

I just wish your friend has known better. It's not healthy to trade like that. It's like putting all eggs one owns in a single basket and throwing it across a field, and expecting none of it to crack. What he did is not the proper way to trade. when one wants to trade, you should trade with an amount you can afford to lose and if you have lost severally for a day, you should stop. Take a break because the optimism that things could still work out for you to win might actually be disappointing. There is a thin line between trading and gambling. One has to be learned about trading to be able to do it right

[lienfaye]

Lack of knowledge and strategy are the problem why he end up losing his money. Trading is like gambling but you can set a plan to prevent yourself from losing your money.

Trading is not easy as it seems, however mistakes are normal because thats how you're going to learn.

So before you decide to trade have a research because there's a way to do it right.

[zero714309]

Success and rich instantly is one of the worst mind. Sometimes we not patience with process and dont want to learn. This fact will bring us to wrong decision. We all know gambling is one of the most high risk system. But all is depend on how we will put our money for,we cant control other people. From this maybe your friend will more be careful.

[Ararbermas]

In my opinion to become a good trader with altcoin , first you need to boost your confidence because it's not easy especially on this current situation of market . And second be yourself which is don't rely on others opinion and thoughts . Always look for ways and build new strategy to reduce risky situation. ( Learn how to fundamental and technical analysis ) because that is the most important.  Lastly don't panic and always control your emotions.. like what i said build new strategy  instead to protect your portfolio and to reduce risky situation. That's it the basic rules i know mate. Think positive  goodluck!

[UniversityCoin]

Are you playing to lose or you are playing to win? a friend of mine lose all his bitcoin to trading and when he started complaining about i decide to take a look and i detected that he traded in a gambler's way.
He has 100$ and he traded just twice with 50$ which results in quick lose,im not an trading expert but most trading platforms always warn traders to limit their trading to the highest of 10$ which would have given him more chances to continue trading

Apart from not learning how trading works he is playing to lose,i think this is what many newbies are doing as well,if you are doing the same you will always end up losing your money,if you want to bet 50$ on a trade you must have thousands  of dollars on the trading platform not trading with 100$ and be praying for a miracle.

Trading is not something you can rush,expert traders out there spend days trading for profits and if a particular day is full of loss they quit trading for that day.

You are right about your friend, if a person does not have or has little trading experience, then you should not trade all your money at once. In this case, a person should divide his money into many small parts, and trade each part separately, in case of failure you will lose only a small part of your money and will be able to trade further.

[Madiha]

My opinion you are right thinking so many new traders available falling lose. because they are don't know about good quality coin. which coin future must can do pump they don't know. when any body want to trade need to more known and big patience and wait. need to invest big capital different quality coin. if any coin bear market do dump, other coin can do pump then we can  recover our capital. so carefully need to trade.

[ethereumhunter]

When traders don't learn about trading, he will lose his money in trading. That will happen too with the new people who want to try trading because many new people don't know where they can learn more about trading so they cannot make their first profit. But if they can get a good lesson about trading, I am sure that they will be able to make a profit in the next time of trading. Not only that, they can get a bigger profit by choosing the right coins.