Realgogo (OP)
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Activity: 18
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July 21, 2021, 08:32:53 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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lightning0
Jr. Member
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Activity: 71
Merit: 5
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July 21, 2021, 08:55:57 AM |
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Novice trading time is short, long trading time can bring experience, summing up failures, and constantly trying is my way to reduce losses.
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hugeblack
Legendary
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Activity: 2506
Merit: 3647
Buy/Sell crypto at BestChange
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July 21, 2021, 10:10:43 AM |
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It is better to amend the topic to “What are the things that make beginners lose a lot” as some beginners succeed in making a lot of money, but they make some mistakes that make them lose, the most important of which is relying on emotions and not accurate analysis of the market. We always make a lot of mistakes, but the most important thing is that we correct those mistakes and continue to learn, as it is what makes us reduce losses.
Also, newbie that is not related to time may invest since 2010, but their information and ideas are still ideas of beginners.
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lablab03
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July 21, 2021, 10:46:56 AM |
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There's no way that beginners can protect their money if they don't study first how trading really works before entering , because it's really necessary to educate our self first especially in such way of making money which so volatile and sometimes very unpredictable. If you don't take it seriously in order to avoid losses then you don't have a consideration when it comes trading your money. For me much better to quit because you will not become successful on that way and you're just wasting money.
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DarkDays
Legendary
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Activity: 2030
Merit: 1189
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July 21, 2021, 11:47:40 AM |
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Well, even with some knowledge trading can be difficult because unlike in a bull market where everything will eventually go up, when markets are too volatile it makes investment and exit strategies much more difficult. So it is a matter of timing and not getting that extra advantage from a green market. Knowledge helps but not so much if the above is relevant for your basket of digital assets.
So, not knowing enough about a market, not knowing when to enter/exit and not following the trends are all factors that can lead any trader to its demise which is why trading is risky, though again you can't get rewarded without proportionate risk.
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xSkylarx
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July 21, 2021, 12:03:31 PM |
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Not only do the fundamentals and technical analysis play a role, but emotion also plays a role because it is at this point that you decide whether or not to enter the trade. I've been trading for a year and am still gaining knowledge. The most important thing to me is controlling my emotions so that I can stick to my strategy, because if I don't, I'll lose all of my money. I've also termed myself as a newbie to trading because I'm still not making a lot of money, but I will be soon. This is what I consider to be the most important aspects of trading: emotions, fundamentals, technical analysis, and learning every day.
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seramania
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July 21, 2021, 12:51:49 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
can be concluded in your thread if the beginner is greedy and wants to get rich quick. because in trading there is a lot that needs to be learned and there are lots of techniques and strategies that must be understood before entering the world of trading. so maybe beginners can apply this so that in the future they don't get caught up in big money losses
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jossiel
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July 21, 2021, 12:56:22 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
They still lack of experience and strategy. A newbie that losses a huge amount of money, he never planned how he's going to trade and how he's going to finance his practice trading. The budgeting part is hard for the newbies. They have the thinking that the higher the capital, the higher reward as if it's an instant logic and result.
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markdario112616
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July 21, 2021, 01:14:26 PM |
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It's a question of "HOW":
There are a lot of factors to consider, on how they lose that much money:
1. Brought by hype - Typical error or incorrect practice not only in crypto but in general. Wherein an individual got caught with the hype, or just being aggressively persuaded by the moment and/or by other people.
2. Lack of Knowledge - Common sense sometimes is nowhere to be found. Engaging without knowing what to do.
3. Inexperience - Well, these people have already the knowledge and the information but they can't initiate their strategies properly and some are not sure about their own data.
5. Buy now sell later attitude - Well newbies normally are fond of holding, even without security. In trading, holding is not quite an option and It's much better in line with investing. Trading is much more on a fast phase industry, in which the opening of opportunity closes even in a blink of an eye. So yeah, newbies tend to hold and believe that it will rise in time (though this may apply to some but not all).
And many more, My advice to all the aspirants or the newbies out there;
"Remember when trading, please leave your emotions behind" "Spend only what you can afford"
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bitzizzix
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July 21, 2021, 03:08:56 PM |
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It is best to learn the basics first about trading well and correctly and try to learn to read charts from experienced traders, and practicing on a demo account is also important because there you can do and learn with non-real coins. and whatever you learn doesn't mean you will become a great trader, it all requires a process and experience that will help you become a very careful trader because you learn from mistakes and losses that will not repeat the same mistakes.
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Scarlett7777
Copper Member
Newbie
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Activity: 28
Merit: 11
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July 22, 2021, 08:23:14 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Some advice for newbies: I always think that there are only two currencies in this market, one is Bitcoin and the other is altcoins (other currencies). When I first started participating I only bought Bitcoin. I think it is very difficult to make money on the counterfeit if Bitcoin is not good enough. If you want to ask me how long I can try other currencies after learning Bitcoin? I don't think it depends on the time, but on the progress of your study, whether you have established a high-level and in-depth industry awareness. Let me speculate that it will take 2-3 years for those with fair talents, and 5-8 years for those with ordinary talents. I Study and experience the fund base; the knowledge base; the mentality base.
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cabron
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July 22, 2021, 09:14:32 AM |
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Experience can not be 100% thought but have to be built over the time you spend trading and the best experience is the one you gain by your activities and mistakes, most newbies lose money because they are always in a rush to make profits and thinking they already understand the cryptocurrency market but not knowing there is more to trading that only time and practice can teach.
If they listen enough to the ones who advised them they will not put a lot of money at stake. It was also advised to me not to put trade more than I can afford. But I do invest to hold when there is a bullrun. Even the pro traders lose money at some point. But then, of course, getting ready to profit more is inevitable. One day or the other a newbie will be confident enough and then fail. Its always okay to lose that's how we learn.
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Cherylstar86
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July 22, 2021, 10:05:31 AM |
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Experience can not be 100% thought but have to be built over the time you spend trading and the best experience is the one you gain by your activities and mistakes, most newbies lose money because they are always in a rush to make profits and thinking they already understand the cryptocurrency market but not knowing there is more to trading that only time and practice can teach.
If they listen enough to the ones who advised them they will not put a lot of money at stake. It was also advised to me not to put trade more than I can afford. But I do invest to hold when there is a bullrun. Even the pro traders lose money at some point. But then, of course, getting ready to profit more is inevitable. One day or the other a newbie will be confident enough and then fail. Its always okay to lose that's how we learn. Indeed. If they listen to someone's advices especially to those people who knows very well in it, I guess they will never experienced loses. They have lack of experience and strategies especially techniques on how to trade. A newbie that somehow lose a huge amount of money maybe because of those errors they did or else they never planned on trading and maybe have a hard time on the budgetting part. But, experiencing loses will help us learn a lot on this.
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cryptoaddictchie
Legendary
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Activity: 2072
Merit: 1315
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July 22, 2021, 10:32:49 AM |
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Im not a newbie but I often lose huge money too on trading. What does it mean? Im not good on being a trader and investors? Maybe I am just unlucky isnt it? Sometimes even we already knew the concept and some basic of it. We cant avoid uncoventional losses. Who can predict a good move always right? Market is quite volatile and even we follow others idea or move they often got wrong one too. So its really fine to lose some money cause investment works like that. But consistently losing isnt healthy means you dont learn at all or grasp a thing about trading.
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Lucius
Legendary
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Activity: 3234
Merit: 5641
Blackjack.fun🎲
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July 22, 2021, 10:36:33 AM |
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Not only beginners lose money, according to some research, as much as 95% of all those who trade lose it - which only tells us that we have about 5% of those who are more intelligent and capable than most people. The problem is that everyone thinks they can profit from crypto trading, but it's a very risky business - even a much riskier one than, say, sports betting, where people mostly lose money.
I can only say that everyone should be aware of their capabilities, we are not all created to be traders, politicians or doctors - stick to what you are good at, otherwise be prepared to face your losses.
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gabbie2010
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July 22, 2021, 10:47:52 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
'Experience is the best teacher' is applicable in every facet of jobs whether trading or the normal convectional jobs, newbies in trading has to undergo a through learning process of trading and doing it for long period of time with small of money to learn the ropes, there are some newbies who by luck started trading on a good note earning profits consistently however in a long run ended up rekting their portfolio due to inexperience in money management, control of emotions, inpatient and trading with a high leverage, improper planning of trade etc these are some of the features that a good trader must put into consideration before embarking on trading journey unfortunately these many newbies lack.
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monineklutak
Sr. Member
Offline
Activity: 1890
Merit: 252
The OGz Club
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July 22, 2021, 11:51:07 AM |
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Experience can not be 100% thought but have to be built over the time you spend trading and the best experience is the one you gain by your activities and mistakes, most newbies lose money because they are always in a rush to make profits and thinking they already understand the cryptocurrency market but not knowing there is more to trading that only time and practice can teach.
If they listen enough to the ones who advised them they will not put a lot of money at stake. It was also advised to me not to put trade more than I can afford. But I do invest to hold when there is a bullrun. Even the pro traders lose money at some point. But then, of course, getting ready to profit more is inevitable. One day or the other a newbie will be confident enough and then fail. Its always okay to lose that's how we learn. Indeed. If they listen to someone's advices especially to those people who knows very well in it, I guess they will never experienced loses. They have lack of experience and strategies especially techniques on how to trade. A newbie that somehow lose a huge amount of money maybe because of those errors they did or else they never planned on trading and maybe have a hard time on the budgetting part. But, experiencing loses will help us learn a lot on this. Experience is very important and with frequent loss of money of course it indicates that the experience is still little, in addition to experience knowledge is equally important I think, without knowledge maybe we won't understand anything and it's easier to lose money so if you want to succeed in trading of course you have to try hard and learn for sure
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palle11
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July 22, 2021, 12:37:15 PM |
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Losi money in trade is not only issue because even old traders lose money when they do the wrong thing. Such wrong steps cuts across both beginners and older traders
These are the reason beginners lose money... 1. Greed : Any person who is greedy should not be a trader if they won't adjust out of being greed because as you making good profit, it may take all your if it goes against you.
2. No stop loss: Traders are suppose to apply stop loss in each trade the make and that will them to have balance to try again if the order fails.
3. No good money management strategy : This is important. You would have taken your losses by your self as you reduce it before making the trade order.
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Wexnident
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July 22, 2021, 12:44:41 PM |
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It's because they're newbies, is probably the best expression. Yes, there are times where newbies win out in trades and the like, but let's be real, most of it is attributed to luck, they haven't experienced even an inch of what the market really has, and they think they're already bigshot traders for profiting off of their first few trades. It's nothing new really, overconfidence, greed, lack of experience, there are a LOT of factors involved, you name it. But it all comes down to newbies being well, "newbies" and there's literally nothing you can do about that except to gain more experience, and most possibly, lose more money.
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RealMalatesta
Legendary
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July 22, 2021, 07:22:37 PM |
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'Experience is the best teacher' is applicable in every facet of jobs whether trading or the normal convectional jobs, newbies in trading has to undergo a through learning process of trading and doing it for long period of time with small of money to learn the ropes, there are some newbies who by luck started trading on a good note earning profits consistently however in a long run ended up rekting their portfolio due to inexperience in money management, control of emotions, inpatient and trading with a high leverage, improper planning of trade etc these are some of the features that a good trader must put into consideration before embarking on trading journey unfortunately these many newbies lack.
Well, yeah experience can teach you a lot but you must be working towards the right path too. I mean a rickshaw puller might get tremendously experienced with his job but still doesn't get paid well enough with his experience because he worked in the wrong direction, I am not saying he had better choices or working hard is a bad idea, but just to put things into perspective I am sharing the example. Working hard and gaining experience is always good but make sure the experience you gain over time does help you reduce your burden and increase your wages or profits. There are traders who enter the market later than others and yet earn more than them just because they have better adaptability and understanding of the market.
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dunfida
Legendary
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Activity: 3080
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July 22, 2021, 07:41:24 PM |
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Beginners are corny are too confident in their abilities, and this can ruin them. For example, when I just started trading with a broker from Amarkets, I paid enough attention to the demo account of this broker to solve all such issues.
No broker or platform would solve that issue but having that demo would really be a considerable move for you to learn up at least on the basics but when you are already dealing with the live market then everything would change out and wont really be similar on what you had done in demo but this is really a helpful thing for newbies on at least to start out before testing out the fierce market. Mistakes is normal as a newbie because this is where you do learn up and would progress out.
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teosanru
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July 22, 2021, 07:48:59 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
A very important thing that you said here was they think of manipulating the market. It's actually true, this is why a newbie never exits a losing trade, they think that they are right and the market is just being slightly wrong and would ultimately correct, while a pro trader would just flow where the market takes it, momentum trading is honestly the best type of trading, you don't try to enter at the bottom and exit at the top but just to make a good profit out of each trade and get sound sleep, if the trade fails to take a loss and still get a sound sleep. And yes consistency is the key in almost everything, People take 3-4 years of experience in their jobs to become an expert but except to become experts in trading in the very first year.
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Smartvirus
Legendary
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Activity: 1428
Merit: 1110
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July 22, 2021, 08:12:13 PM |
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If all the lessons you need about trading is contained in books, I think everyone would have had a shot at trading and be more professional about it. A lot of persons read these days, some would comprehend properly on what is written there and know how to apply it while, others would not but still, you would still fund a good number of those that were able to comprehend still failing at trading. That's simply because, just the knowledge in books on trading isn't all that is to know of the market. The market is constantly evolving and it has tricks about it sometimes. Tricks that you see the right signs for a but or sell market but yet, it turns the other way. Your experience is what you would need to have a go and as such, you've got to be prepared to build them at the expense of some loses. Experience matters a lot in trading.
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Mistafreeze
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July 22, 2021, 09:18:11 PM |
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Losing money in trading as a newbie is normal and its not a new thing to the market. This is a way if welcoming the newbies on how the market looks like, not just making high profits as a demo trader. Seeing the market from different angles because emotions is not attached to it.
When I started demo trading as a newbie then, I used to double my account on demo which made me to see the market as very simple to analyze. I could leave a trade for many days with being bordered about it because my money is not attached, making me see trading as a simple task that need no much analysis.
I was shocked when I went live, I almost lose everything I had saved for trading. That is when I knew that trading was never easy. I cried after blowing my account if $3k. This is the reality of trading when one goes live. I was able to learn from my mistakes and get my feet back onboard with much reading of Trading books and getting myself a mentor.
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famososMuertos
Legendary
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Activity: 1736
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LE ☮︎ Halving es la purga
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July 22, 2021, 11:21:16 PM |
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...//...: Define successful trader (!?) Nobody is exempt from falling into the pit of losses, it is a myth to think that only newbies lose because they have no preparation or experience, the fame of the crypto world is based on the fact that many arrive, invest and end up with large amounts of money without having a fucking idea from how they did it, they only know that they bought some coins and sold. If a newbie is able to pay his bills and to pay for his personal expenses, he is a successful trader. In fact, there are newbies who have made so much money that that same inexperience allows them to retire and dedicate themselves to something else. Do not get me wrong but consistency is a term for losers, traders who have income come to crypto because they are winners and if they have a bad day they only know that tomorrow is the day to win what they lost, consistency can lead to losses, well, it is only an adjective and falls into interpretations, the point is that if you lose many times consistency will not save you from your losses no matter how hard you try or how much preparation you manage, in other words, the profession of a crypto trader is not for you.
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carlfebz2
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July 22, 2021, 11:32:29 PM |
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If all the lessons you need about trading is contained in books, I think everyone would have had a shot at trading and be more professional about it. A lot of persons read these days, some would comprehend properly on what is written there and know how to apply it while, others would not but still, you would still fund a good number of those that were able to comprehend still failing at trading. That's simply because, just the knowledge in books on trading isn't all that is to know of the market. The market is constantly evolving and it has tricks about it sometimes. Tricks that you see the right signs for a but or sell market but yet, it turns the other way. Your experience is what you would need to have a go and as such, you've got to be prepared to build them at the expense of some loses. Experience matters a lot in trading.
Theories are good but wont be that sufficient for you to make yourself to be sustainable in the market.You would need to experience things for you to enhance and make you even more good. Newbie mistakes is something that cant be avoided due to lack of knowledge and of course we are really hunger for making quick bucks and when reality do face them up then thats the only the time they will realize. We would face up lots of troubles and mistakes in trading because this cant be learned on one day and would take up years and lots of hours to be spend for you to get the idea or on how the market works.
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crzy
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July 22, 2021, 11:42:34 PM |
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Trading is too risky for a newbie with a huge capital, I remember starting my trading journey with just a little money and I already feel the stress on losing it so what more if you have more capital.
Trading for newbies should be more on making their own strategy, start at the very basic and don’t be greedy. This market will continue to up and down, traders should know how to ride with it and win consistently.
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AmoreJaz
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July 22, 2021, 11:45:04 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Losing is normal but that kind of mindset is not, because newbies have to learn more things first to have confidence in the market and i agree that being consistent is not easy. Learn trading by not just the numbers learn also the fundamental things like controlling your emotion, this will play a big role on every decisions that you’ll make. Don’t put huge money at your first year in trading, I’m sure that timeframe is for a lose and learn process. a lot of newbies definitely have a lot to experience before they will learn their lesson here. once they experienced huge loss, that will be their turning point in this market. sometimes you need to feel the impact of your actions before you realise what you did wrong. and the common scenario here in crypto trading - many of these noobs came here because of the idea that getting here will be an easy access to get rich and earn good money. that's where they are usually wrong. so some of them will really spend a good amount of money because they wanted to get their returns fast.
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kawetsriyanto
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July 22, 2021, 11:55:55 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
The basic mistake is using a huge amount of money in the first journey of your crypto investment. As a newbie, it will be wise to use a small amount of money firstly. The focus should be on learning and take experience, not gaining profits as big as possible. If you set the right purpose at the beginning phase of being a crypto investor/trader, there will no huge losses. Be too confident and think already smart enough is a stupid attitude. Moreover, just focusing on the profits greedily. For the newbies who have these attitudes, losing huge seems to deserve it. It will give them a big lesson. *Be a wise newbie!
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LUCKMCFLY
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July 23, 2021, 12:38:17 AM |
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I think the main reason newbies lose a lot in trading is because they get desperate and because they don't have the patience to trade. While some come in gambling, many who have studied rush to make a quick profit and that's where failures begin.
When we take into account a person who has read books on the stock market, with authors such as Warren Buffet, Livermore, Wyckoff, Burton, among others, their brain has an idea of how the market can move, since there is a lot of talk about how the market volume can be read, how the whales can act against fundamentals, this is the first thing to be clear about, since technical analysis is also important but when you have an idea of how the market's direction can go.
Another mistake is to follow groups of signals and groups of Pump and Dump, because everything arises as if it were a raffle that in the end it is not clear how he won or how he lost money.
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mrjoy15
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July 23, 2021, 03:09:44 AM |
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As you said trading takes practice and consistency but also luck that is a really big factors that affect your trading result. Remember that even the best technical analyst could get their prediction that are based from their experience and knowledge wrong just because there's other unpredictable factor that could affect the market, like doge as an example, no one could predict that Elon suddenly jump in to the doge hype and change the condition of the market really drastically that the effect still felt until today.
right, after we analyze and make transactions, by setting targets and possible stop losses, of course we just have to wait for the market to react and from there whatever happens, let God's hand decide. but on the other hand trading is not gambling, even though luck contributes to success. so don't forget to pray Actually there are random factors work out, and worth analysis give you complete benefits. Try to get the opportunity in every market movement you can utilize it and make cool profits from future trading regardless only go through general trading option. You can't play with the market, but once you get the things you're OK to go.
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GreatArkansas
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Buy/Sell crypto at BestChange
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July 23, 2021, 03:16:59 AM |
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As you said trading takes practice and consistency but also luck that is a really big factors that affect your trading result. Remember that even the best technical analyst could get their prediction that are based from their experience and knowledge wrong just because there's other unpredictable factor that could affect the market, like doge as an example, no one could predict that Elon suddenly jump in to the doge hype and change the condition of the market really drastically that the effect still felt until today.
right, after we analyze and make transactions, by setting targets and possible stop losses, of course we just have to wait for the market to react and from there whatever happens, let God's hand decide. but on the other hand trading is not gambling, even though luck contributes to success. so don't forget to pray Actually there are random factors work out, and worth analysis give you complete benefits. Try to get the opportunity in every market movement you can utilize it and make cool profits from future trading regardless only go through general trading option. You can't play with the market, but once you get the things you're OK to go. If there are really random factors in trading, stop losses is your friend too, it will help you to reduce the loss if ever your analysis will be invalidated. Most newbies who starting trading are not using stop loss or no risk management at all, I experienced that during my newbie days, so I can relate to it.
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Boov
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July 23, 2021, 04:11:06 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Because of their aggressiveness and bigger expectations from trading, they failed and went to that kind of situation. Unfortunately these fresh traders, always look upon successful individuals who earned greater but they don't consider their struggles. I recommend that taking good advice from expert is the first step prior doing hands on trading. Don't ever have a serious attachment if you can't master what you're doing, losing much money is such a waste of resources.
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logfiles
Copper Member
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Top Crypto Casino
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July 23, 2021, 04:11:38 AM |
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I don't remember what blog it was, but I read and learned from somewhere that the huge losses you make from trading as a newbie is the tuition fee you pay to learn how to trade It's now up to the newbie on what he/she has to do with the lessons 1. Give up? 2. Never learn anything and continue doing the same mistakes? 3. Learn from the mistakes and keep improving for a better trading strategy?
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ethereumhunter
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July 23, 2021, 04:30:08 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
If you feel know it all about trading while you are still learning, you will feel difficult to make a profit because that will be overconfident, which is not good for yourself. It is better you keep learning and practice because that is the key you can become a pro trader. It would help if you learned about controlling yourself in trading because you will see that the market can fluctuate anytime, making you panic. If you know how to manage, you will not lose the money instead you will have a chance to make a profit.
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Ararbermas
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July 23, 2021, 04:53:14 AM |
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It's because they always jump to any crypto currency in the market wherein despite they don't have specific information such if it's has the potential or a genuine project that can guarantee profits in trading.. that's why they all lose huge money always. For me they are lazy people who don't have time to speculate the status of the crypto currency that they want to trade, what i mean if they saw a hupe pump in the chart they will dive in without knowing it's the end of the progress and has tend to make correction.. Lol definitely it's because of greediness in my personal opinion.
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Porfirii
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July 23, 2021, 05:27:10 AM |
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Unpopular opinion: They lose because they are not lucky enough. Most people in this thread believes that TA knowledge and experience are the ingredients to success and the lack of any of them leads newbies to loss. I'm not a big fan of technical analysis as many (most?) of the movements in the markets seem to be aleatory without insider info, what is the case for the average Joe, with or without trading knowledge and experience. So, newbies, and not so newbies, lose huge money in trading because they are overconfident in their abilities and lack to understand that they don't have much control but luck is a key factor. And, of course, the high risk/high benefit truism doesn't help neither: the people and companies who make the most money in the markets don't take high risks at all; they don't gamble like you do, they make money out of your gambling.
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awik p
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July 23, 2021, 07:27:59 AM |
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It's because they always jump to any crypto currency in the market wherein despite they don't have specific information such if it's has the potential or a genuine project that can guarantee profits in trading.. that's why they all lose huge money always. For me they are lazy people who don't have time to speculate the status of the crypto currency that they want to trade, what i mean if they saw a hupe pump in the chart they will dive in without knowing it's the end of the progress and has tend to make correction.. Lol definitely it's because of greediness in my personal opinion.
it's ironic, when they look at them like that, without any knowledge and the price was still bullrun at that time, it made them think that the price would always be a bullrun, even though at that time the price had formed a new ath. therefore they don't consider the moment of correction, because of course there will be an anti-climax
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Anamika1000
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July 23, 2021, 09:12:25 AM |
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Because they learn at the first very little and they think that trading is very easy and they got all the knowledge about trading and they spend much in trading at the first, but in reality, they know only less about trading.
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kotajikikox
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July 23, 2021, 10:59:12 AM |
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Because they learn at the first very little and they think that trading is very easy and they got all the knowledge about trading and they spend much in trading at the first, but in reality, they know only less about trading.
That is what we called Greediness , entering investing without proper knowledge ? this is not far from what we called Suicide mate. Everytime we invest make sure that we understand First the market second the currency we will be investing . because if those will be missing in action then consider yourself always a loser.
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harizen
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July 23, 2021, 12:03:38 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. What do you expect? Newbies will become good traders within a short period of time? Even the most professional, hardcore, experience, and best-of-the-best big traders around the world are losing huge amounts as we speak. Losing is part of the progress and that is the best fundamental in building a good experience. Let those newbies just lose on the process as long as they learned. They won't become a good one if there's no difficulties on their way.
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tvplus006
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To the Moon
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July 23, 2021, 01:16:20 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big... Even if a beginner perfectly masters the basics of trading, he will lack the experience that comes with time. Moreover, most beginners mistakenly believe that they already know everything and can conduct profitable trading, while underestimating the risks. The desire to earn quickly and a lot leads to the loss of the deposit.
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$crypto$
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Smart is not enough, there must be skills
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July 23, 2021, 03:14:41 PM |
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Let those newbies just lose on the process as long as they learned. They won't become a good one if there's no difficulties on their way.
Now that's the most appropriate for their learning process as long as it's basic it's not a problem, some lose money because it's a process in experience, I think many beginners do this they know this risk will definitely happen but must be passed with several processes that they go through . I experienced the same thing before, but I now understand the meaning of the trades that are talked about a lot and the fundamentals are the most important for them to stay consistent even though they have lost a lot.
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maju69
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July 23, 2021, 04:34:15 PM |
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in a hurry and want to get rich quick overnight. that's the thought that crossed their minds as if crypto could provide wealth in an instant. but after the reality did not match what was expected they changed their minds and immediately ended the trade taking losses.
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conected
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July 23, 2021, 05:00:44 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Because there is shortness of knowledge and experience. Most of the newbies try to cut huge amount of profit from trading at a time but it's not possible. Some of them do future trade which is more risky step. At first they can learn with small amount or creating demo account. - Newbies do not like to take the first steps simply because in fact, the demo account is just a virtual profit and a small amount of capital only increases a few percent of the profit, their daily work only takes an hour to earn much more than such a profit and their investment perspective is to make a huge amount of money and initially like that, the results will be proportional. Even many people enter the world of risk and fortune as futures, their wisdom has paved the way to hell.
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The Cryptovator
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July 23, 2021, 05:07:03 PM |
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Trading isn't like gambling where you can depend on luck at all. There is a technical issue related to crypto-currency trading. We all know that "a little learn is a dangerous thing", that's happening with newbie traders and as a result, they are encountering loss a lot. I was thought the same, at the beginning, I thought I am ready for trading and start it, and of course, I lost almost my all portfolio which hasn't recovered yet. So day by day I consider learning more and I think I only learn a basic thing for trading. I am not a pro trader yet. To become a pro trader you have to learn all technical analysis. We trade with emotion, sometimes gain and sometimes loss. That's how we need to learn, losing means you will be more encouraged to learn. So try more as much as you can learn.
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justdimin
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July 23, 2021, 06:11:32 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
There are different types of people that comes to this community. First there are those that what they have in mind is to make use of cryptocurrency as a payment method, then there are those that came because they want to get rich. Those ones that came because they want to get rich quickly are mostly the ones that ends up losing, becoming desperate and then they quit. Because it’s not as easy as they thought it was going to be. I see a lot of newbies and all they are talking about is getting rich through cryptocurrency and then they see that it is difficult, and they have to drop out from it and look for something. For anyone to succeed here they have to study the market completely, and not just the basics.
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ReiMomo
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Duelbits - $100k Bonus/week
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July 23, 2021, 06:57:42 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
We had many new small investors / traders recently after the recent uptrend of Bitcoin because of Musk's tweet. I know many who just saw their friends earning more on this uptrend. Hearing their profits, many were enthusiastic in getting into trading. They literally invested up to 30% of their earnings into coins that their friends invested. They did not do analysis on those coins. Just they invested blindly into those coins. But to their bad luck, the market crashed now and they are at 70% lose. We suggested them to just hold their coins until the market booms again. They say now that they really learnt what really a cryto trading is. What they learnt here is, not to jump in when the market is on uptrend.
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Oceat
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July 23, 2021, 07:17:46 PM |
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in a hurry and want to get rich quick overnight. that's the thought that crossed their minds as if crypto could provide wealth in an instant. but after the reality did not match what was expected they changed their minds and immediately ended the trade taking losses.
Greed is one of the reason why newbies lost a lot when trading and thinking that they would beat most professional traders but ended up losing a lot. They aren't trading actually if they are easily eaten by the whales in the market, they are gambling. This is the most common mistake of newbies when thinking trading is as easy as buying and selling yet they still fail. Even a professional traders still lost in trader whereas traders will just feed the whales with their money.
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3996
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isaac_clarke22
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July 23, 2021, 07:20:57 PM |
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~
Well pretty much that question already answered itself, OP because they are still newbies. The phrase of "they feel they know it all" is basically how they try to apply their basic knowledge in trading. That applies to me back in my day trading experience because I wouldn't be able to learn Bollinger Band and RSI indicator with just watching the video.
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cryptolord2077
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July 23, 2021, 10:23:24 PM |
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Lack of knowledge. Most newbies act too recklessly. Given the lack of their own knowledge, they often rely on other people's advice and external information field, which is often false or erroneous. In fact, most of the information field conveys the theory said by someone in a circle, noobs listen to it and lose everything in the end.
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Johnyz
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July 23, 2021, 10:43:42 PM |
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Lack of knowledge. Most newbies act too recklessly. Given the lack of their own knowledge, they often rely on other people's advice and external information field, which is often false or erroneous. In fact, most of the information field conveys the theory said by someone in a circle, noobs listen to it and lose everything in the end.
They are riding the hype on a bad way and that’s why they lose most of the time. That lack of knowledge is normal for a newbie and if they act recklessly, that’s the time they’ll lose because learning is a process and they should not take any shortcuts for trading. There’a a lot of good resources available online, its easy to learn how the things works here, I don’t know why they can’t still afford to spend time with it.
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btc-facebook
Legendary
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Activity: 1862
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July 24, 2021, 11:33:27 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
Overconfidence is one of the enemies of a trader, no matter novice or professional traders, usually this mistake arises because they feel that if the analysis is done correctly and has good knowledge, in fact, the essence of trading is not like that, but about management and anticipation, knowledge alone is not enough if you do not understand management, this is because not all traders who have knowledge have good management, but traders who have good management are traders who have knowledge and experience.
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mksundip
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July 24, 2021, 12:10:18 PM |
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beginners do not really study, analyze, calculate and pay close attention to the world of trading. Beginners are more prone to problems so they will easily lose in any situation. This is natural because beginners are not experienced. so my advice is beginners must study hard and try to be better in the world of trading so as not to be quick to lose
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Menawi12
Member
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Activity: 700
Merit: 10
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July 24, 2021, 12:12:56 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
Overconfidence is one of the enemies of a trader, no matter novice or professional traders, usually this mistake arises because they feel that if the analysis is done correctly and has good knowledge, in fact, the essence of trading is not like that, but about management and anticipation, knowledge alone is not enough if you do not understand management, this is because not all traders who have knowledge have good management, but traders who have good management are traders who have knowledge and experience. they thinking analisys will always right and never follow the newest situation in market. analizing and then leave it will bring risk if suddenly market have big news that coming suddenly, usually it happen when whales want to shake the market. Market moved very dinamic and situation could changes in every second so we have follow this movement or we will trapped in negative float position. Plan A and Plan B will very usefull to face this situation.
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CryptopreneurBrainboss
Legendary
Online
Activity: 2254
Merit: 4154
eXch.cx - Automatic crypto Swap Exchange.
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July 24, 2021, 01:13:05 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
That's because they don't have a plan and didn't practice risk management, you shouldn't be losing anything you can call a big money loss, if you manage your resources well. You should only trade with funds you'll be comfortable losing so why then do you lose big if those are funds you're comfortable losing that's because new traders ignore this money management advice and just blindly put money into the market with hopes of multiplying it overnight. The mindset of new traders revolves around quick money scheme, they'll choose pump and dump spikes over long term genuine growths. They're so interested in making quick money that they losses many things in the process like experience and most importantly having fun (enjoining the industry). Don't be in a rush to put money you can't avoid losing instead gradually increase your trading capital based on how confident and successful your previous trades has been. If you started your trading with $100, don't be in a rush to increase that capital to $1000 just because you were able to complete ok one or two trades successful and was profitable. You might be able to manage $100 but don't have the mentality yet to manage $1000 so until you have developed such mentality, still stick to profiting from $100 instead of losing on $1000 trades.
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qwertyup23
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July 24, 2021, 01:32:01 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
I read an article before which stated that 97% of beginner traders lose money in their first trading experience and only 3% earn as much as a bank teller. The problem with trading is that experience is key. Reading all the books about trading or knowing the market can help a beginner but experience will still prevail. In addition, most beginner traders think that trading is easy. It's definitely complicated as it requires extreme patience and determination in order to profit at the end of the trading period.
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LimLims
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July 24, 2021, 03:39:25 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
The word Newbie defines it all. As he is a newbie, so he doesn’t have enough experience, doesn’t have enough knowledge on Coins and Trading. So if all these things will be absent in someone, then ultimately you will face losses only. Instead a newbie should gain knowledge first and start with small capital. Hope this helps all newbie.
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Cling18
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July 24, 2021, 03:44:12 PM |
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As for me, that's already a part of every beginner's journey. We usually lose a huge amount of money at the beginning because that's part of the learning process as they try to apply the things that they have learned from studying trading. Newbies still need to adapt and try to deal with the market and losing sometimes is a part of it. What is important it we're learning from our mistakes. Havjng the proper mindset is also an advantage.
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TheGreatPython
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July 24, 2021, 04:22:14 PM |
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can be concluded in your thread if the beginner is greedy and wants to get rich quick. because in trading there is a lot that needs to be learned and there are lots of techniques and strategies that must be understood before entering the world of trading. so maybe beginners can apply this so that in the future they don't get caught up in big money losses
I personally don't think having the psychology of earning quick money is a problem, especially in crypto trading because that's why we all are here, else for slow and methodological trading we already have the stocks market. The real problem lies in the attitude because people spend almost no time in learning about the things they are investing in and what is happening around the crypto globe. There are many incidents where people force themselves to seek capital for crypto trading. many of them use borrowed money, so that when they trade they have a heavier burden, on the other hand a lack of knowledge about trading makes people tend to gamble, so many are not able to last long in the market
Trading with borrowed funds is a disaster and I am not just saying it but I have experienced it. You will be always under additional pressure and that forces out unforced errors. It's better to trade small but do it with your own funds and if possible, spare funds.
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bitzizzix
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July 24, 2021, 05:48:52 PM |
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Beginners are the same as just starting and anyone who is just trying or starting will definitely experience mistakes or losses, and it is a learning stage that will produce valuable experience for future provisions so as not to make the same mistakes. so it's natural that beginners will experience losses because nothing goes smoothly in the process, there must be twists and turns to be used as lessons and experiences to get better, you should learn the basics of knowledge about crypto trading properly and correctly in understanding. study analysis and find accurate news about the development of coins for trading because it can help as your reference in making choices and buying at the right time, my advice is don't just focus on trading, you should also make long-term investments to minimize losses if they don't match expectations.
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mrjoy15
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July 24, 2021, 06:23:47 PM |
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Most of Newbies lose huge money,Coz they don’t know basic idea about trading. Newbies are any person at first you need to trading signal and learning about trading or you will lose money and It's natural.
Basic trading knowledge is necessary, but they also learn how to control their emotion. Don't let your emotion easily in the crypto market, there's no need for emotions in trading. No room for emotions in trading or investing, just establish your profit target when market downside.
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Handpari
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The World's Leading Cryptocurrency CFD Exchange
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July 26, 2021, 05:22:06 AM |
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One of the big Problem of newbie is that he did not understand whales game and when market down he start panic sell. Imagine that one guy that cleared their BTC at 28k or that guy that cleared all their ETH at 1700? can already buy back in for less coin now.
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TastyChillySauce00
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Leading Crypto Sports Betting & Casino Platform
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July 26, 2021, 05:27:14 AM |
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beginners do not really study, analyze, calculate and pay close attention to the world of trading. Beginners are more prone to problems so they will easily lose in any situation. This is natural because beginners are not experienced. so my advice is beginners must study hard and try to be better in the world of trading so as not to be quick to lose
Not only that beginner usually put too much expectation like becoming a millionaire from trading even after they learned how to trade from a book or some Youtube video. Sometimes that can influence our decision in the market too and maybe become too overconfident that can result in a big lose. I seen many people quit trade after trying it not for too long very often.
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Kong Hey Pakboy
Member
Offline
Activity: 1120
Merit: 68
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July 26, 2021, 08:02:52 AM |
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One of the big Problem of newbie is that he did not understand whales game and when market down he start panic sell. Imagine that one guy that cleared their BTC at 28k or that guy that cleared all their ETH at 1700? can already buy back in for less coin now.
I think even if a newbie just learns how to be patient and roll with the punches regarding the whales, it would be enough even if the whales make big waves. What I mean to say is that being immune to panic is going to be enough for some newbie to lose their investments even if the movements in the market is unfavorable.
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konflikkastil
Member
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Activity: 879
Merit: 10
Binance #Smart World Global Token
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July 26, 2021, 08:54:24 AM |
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There are some basic laws or rules that are so important for anybody to know before embarking on anything. And the Crypto Market space is never an exception, there are always a know how to everything. As a newbie, there are some basic things you are expected to know. Crypto trading is not just like going to the market and buy and sell like the normal market rituals. You have to understand the market very well. Learn the market terms and conditions. You need to know when to buy, when to sell. And when to observe the market and study it very well. You must not trade all the time, you have to schedule yourself to know when it's the best time to go and trade. Discipline is the major key.
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OgNasty
Donator
Legendary
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Activity: 4732
Merit: 4240
Leading Crypto Sports Betting & Casino Platform
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July 26, 2021, 10:25:08 PM |
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Markets are increasingly good at separating money from the impatient and giving it to the patient. Newbies that enter trading all seem to have the same goal. Getting rich. They think the more they trade the more likely they are to stumble on the next big thing, not realizing that the only one profiting are the market makers. Once they've been around long enough, they see that it's the patient long term plays that make people wealthy and become investors instead of traders. That's when they shed their newbie status and start making money.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Mistafreeze
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July 26, 2021, 10:55:45 PM |
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Most of Newbies lose huge money,Coz they don’t know basic idea about trading. Newbies are any person at first you need to trading signal and learning about trading or you will lose money and It's natural.
Losing money in trading should not be a sign of weakness or inexperienced trader but what guarantee success in trading is the amount of profits accumulated over a certain period of time. A trader can keep losing for a while then have a profitable trade that will cover all the accumulated loses that had be incurred. Traders are of different levels and range based on their experience and time that had been spent on trading. Newbies should be prepared to lose whether trading or investing cause they might not be as good as someone that had gained good comprehension about the cryptocurrency market. All successful and profitable traders had passed through this stage of being a newbie with so many challenges they had passed through.
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kapalmabur
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July 26, 2021, 11:00:16 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
I think it also needs time, sometimes newbie trader loss a big amount of money because they are always rush in trading they do wanted a money in a single hour of a day. Trading is simple but newbie is always greedy and never think twice before doing trades so most of the newbie really loss although not all but sad to say that there are a lot of them loss. The fact is that they are beginners who want results and make profits instantly, of course they are in the wrong place if they only want that because in trading we must be patient and have the right strategy, they have to learn continuously and evaluate why they are losing
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jossiel
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July 26, 2021, 11:02:01 PM |
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I think it also needs time, sometimes newbie trader loss a big amount of money because they are always rush in trading they do wanted a money in a single hour of a day. Trading is simple but newbie is always greedy and never think twice before doing trades so most of the newbie really loss although not all but sad to say that there are a lot of them loss.
Rush is one keyword. It is true that many of them are rushing to get into the best trade of their lives and that's why they skip some important learnings that they have to take before doing trades. Risk management, they forget the steps how to do it and they're jumping with the good profits without having a set of plan.
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Cherylstar86
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July 27, 2021, 12:30:54 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
I think it also needs time, sometimes newbie trader loss a big amount of money because they are always rush in trading they do wanted a money in a single hour of a day. Trading is simple but newbie is always greedy and never think twice before doing trades so most of the newbie really loss although not all but sad to say that there are a lot of them loss. The fact is that they are beginners who want results and make profits instantly, of course they are in the wrong place if they only want that because in trading we must be patient and have the right strategy, they have to learn continuously and evaluate why they are losing Newbies also rush things out when they already know even small things about trading. Some of the newbies lose huge amount of money it is because they don't know basic idea about trading. But, losing huge amount of money maybe they can get knowledge in it and lot of experiences which serves as their inspiration to develop the things they did.
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tygeade
Legendary
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Activity: 2100
Merit: 1058
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July 27, 2021, 02:35:52 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
I don't think any newbie or even experienced traders ever try to manipulate the market unless they are whales. Manipulating the market and benefiting from a market that is being manipulated by others are two very different things and while manipulation requires capital, profiting from a manipulated market only requires sharp eyes and quick reactions along with the basic ability to understand the manner of manipulation. When doge was manipulated by Musk, there were both types of traders who profited and those who lost. No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
That's the truth with anything in life, not just trading alone. If you practice something continuously, you will be able to outperform those who naturally had the skills to do it but were lazy to polish them.
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goldade
Full Member
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Activity: 896
Merit: 104
The Standard Protocol - Solving Inflation
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July 27, 2021, 04:54:53 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
You've summed it all up. Most newbies believe all they know it all when they see some 4 tto 5 videos. They don't take time to understand the whole process of trading and that is exactly why they lose money trading. Many of them don't even know about risk management. They learn a few technical analysis, know how to place a trade and that's all. They don't know that there is more to trading successfully. Even professional traders still make losses trading because of the volatility of the market talk less of inexperienced traders
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Yatsan
Legendary
Offline
Activity: 2394
Merit: 1231
Leading Crypto Sports Betting & Casino Platform
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July 27, 2021, 11:58:37 PM |
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Newbies are underestimating the trading world making them being over confident that they have already known what they supoosed to know after learning the basics and are putting their money in line having them all out without prior planning on how they will manage on handling their funds properly and as a result instead of gaining profits, what they gain is losses on their trading. Newbies do also lack of patience as well as experience making them having a hard time as well.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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wallet4bitcoin
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July 28, 2021, 06:21:59 AM |
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Good knowledge can protect their money. Well knowledge and patient is important for every traders. And maximum new traders do emotional trading, Which is too much bad. The only way to protect their money is knowledge.
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jkpj22
Newbie
Offline
Activity: 10
Merit: 0
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July 28, 2021, 01:17:56 PM |
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From my own experience, I started on demo platform, after I made a lot of good trades, I opened futures account on Binance. I made couple of good trades, some bad, but still in profit. Then I had a terrific idea to increase leverage from 10x to 25x. And that was it for me. Then the bad trade came and instead of setting stop loss, I kept my position open increasing exposure to survive, because all the technical indicators were screaming market will turn my way. It did not. And I lost everything.
Now I am back, with less money, with 10x leverage, I will keep reading books about trading and hope for the best.
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pragna
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July 28, 2021, 02:11:59 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
This is very easy answers i think because newbies take this market very easy and make their investment without any experience in shit coins so that they lose their money. I'm talking from my practical experience where i also lost money in primary trading. Actually trading is a big experience sector and a real investor have to read full roadmap have to see team activeness before investment in any token. I think it will take time and in this middle time new investors make huge lose.
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raisajahan
Jr. Member
Offline
Activity: 152
Merit: 1
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July 28, 2021, 02:16:06 PM |
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People who have no good knowledge about bitcoin or crypto market how will they get profit from the market. Newbies are that who don't have good knowledge about crypto market. So when they go for trading firstly they can make some profit but finally they fall in loss. So it is necessary for bewbies that to build more knowledge about crypto market and how to make profit then go for trading. Otherwise every one make loss huge money. So its my advice for newbies that go for trading after learn a huge knowledge about crypto market.
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Renampun
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July 28, 2021, 02:44:38 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
most of the newbies are people who think trading is an easy toy... but if they are consistent and don't run away when they lose then they can make big profits from trading. The point is they must have strong determination and not be influenced by prices and false news.
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Kez1817
Member
Offline
Activity: 909
Merit: 17
www.cd3d.app
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July 28, 2021, 03:36:55 PM |
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Newbies lose huge money in trading because they still luck of knowledge and strategy in trading. They need more experience and they should learn more in order to avoid huge loses. Trading is not easy as they think. It needs, knowledge, strategy, patience and capital. You need to learn both technical and fundamental analysis in trading.
Honestly, at first I don't have knowledge in trading but because of my determination and learning from my mistake and experience, I can handle now my trading, better than before and my profit is something huge than my loses. Don't forget to have your own strategy in order to earn huge profit on this kind of work.
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blockman
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July 28, 2021, 04:37:38 PM |
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Good knowledge can protect their money. Well knowledge and patient is important for every traders. And maximum new traders do emotional trading, Which is too much bad. The only way to protect their money is knowledge.
Knowledge and knowing how to deal with risk. Knowledge is a vast part of traders' ideas and how it's going to be part of their trading career. And with the excitement that they're going to earn a lot from trading, this false feeling is going to lead them to incur losses and if they're not prepared for it they may lose a lot instead of winning with their trades. They should have avoided it as early as they can because no one is going to win such trades being unprepared.
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adzino
Copper Member
Hero Member
Offline
Activity: 2968
Merit: 574
www.Crypto.Games: Multiple coins, multiple games
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July 28, 2021, 04:51:14 PM |
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Because they are "newbies". You can't just "learn" how to trade by reading some articles, watching some videos or just knowing the basics. You will have to experience the market by doing real trades. This way you will know what mistakes you are making and you can learn from it. And trust me, you will be making a lot of mistakes in the beginning and lose a lot of money (hence why newbies lose huge money when trading). Eventually you will get hold of the market and will be able to make profit, assuming you avoid your mistakes.
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Jazzi Mahesh
Jr. Member
Offline
Activity: 99
Merit: 1
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July 28, 2021, 06:02:36 PM |
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Newbies have to learn a lot before they invest in the Forex Market. If you think you are ready for entering the Forex Market, you must first try it with small investments, and later you could increase the amount as the improvement in your knowledge.
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jostorres
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July 28, 2021, 06:33:20 PM |
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Newbies also rush things out when they already know even small things about trading. Some of the newbies lose huge amount of money it is because they don't know basic idea about trading. But, losing huge amount of money maybe they can get knowledge in it and lot of experiences which serves as their inspiration to develop the things they did.
Not studying. That's the thing we are looking for, they are not studying, they do not learn more about crypto, they are basically just letting every advice to them become facts and that is their problem, they see some twitter influencer, one of their other newbie friends who joined just a week ago suggest some guy and they see it and they take his word as rule and that is why they lose money. I have been here for over 8 years and I can say even I do find mistakes in my thinking, which is why newbies not making profit is understandable, however not fixing yourself and not studying it more is their biggest problem. Let's assume you are brand new and you made a mistake, it is fine and you should learn from your mistake and study to become better right? Well if you end up leveraging even higher to make that money back, that is going to be make people open topics about why newbies lose money.
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jostorres
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July 28, 2021, 08:34:28 PM |
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Overconfidence is one of the enemies of a trader, no matter novice or professional traders, usually this mistake arises because they feel that if the analysis is done correctly and has good knowledge, in fact, the essence of trading is not like that, but about management and anticipation, knowledge alone is not enough if you do not understand management, this is because not all traders who have knowledge have good management, but traders who have good management are traders who have knowledge and experience.
they thinking analisys will always right and never follow the newest situation in market. analizing and then leave it will bring risk if suddenly market have big news that coming suddenly, usually it happen when whales want to shake the market. Market moved very dinamic and situation could changes in every second so we have follow this movement or we will trapped in negative float position. Plan A and Plan B will very usefull to face this situation. Unfortunately chart reading and TA became such a huge deal in crypto world that there are tons of people who give out "advice" or suggestions on what you should buy and when you should buy it all because they have calculated it on a chart and everyone else believes it, this is why many newbies fall for the fact that TA is the way to make money. I am not saying that TA is bad, of course you can make money with it but newbies who are not even good at it doing something that could be wrong depending on news of the day? That is just a recipe for losing a lot of money and that is what I believed happened with many newbies, they just believed they could do something and then they failed big time and now they are blaming bitcoin for it as well. Bitcoin had nothing to do with your loss, you just lost your money because you didn't carefully read the situation in crypto world.
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Fatunad
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July 28, 2021, 08:59:24 PM |
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Newbies are underestimating the trading world making them being over confident that they have already known what they supoosed to know after learning the basics and are putting their money in line having them all out without prior planning on how they will manage on handling their funds properly and as a result instead of gaining profits, what they gain is losses on their trading. Newbies do also lack of patience as well as experience making them having a hard time as well.
Being overconfident is something common for most people who do just starting up into things not only in trading but also in other things as well on where we do really thought that it is just simple and could really make out money easily but when you are in the actual situation then those expectation and things in mind will surely be broken and that what makes you realize that these things wont really be easy. Dont be greedy and dont be that confident because this is something that even old traders or even pros cant able to make a perfect trade.
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Shenzou
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July 28, 2021, 10:37:18 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
There is a purpose why almost all the trading platforms have a demo account, and there is a reason why so many people advise any new traders to take it from a subjective point of view and practice it in order to develop your own strategies and your own ways, it is easy to give the advice but hard to follow it so i advise anyone who is starting out to avoid losing a lot of money through practicing through the demo accounts that some platforms offer
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ScamViruS
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July 28, 2021, 10:52:03 PM |
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Newbies come to trade different coins with little idea about the crypto market and follow different people by watching their videos. In most cases these newbies face losses because they do not know the real picture of the market, if a trader cannot do market analysis and buy a coin depending on someone's signal then they cannot stay in the crypto market for long. A professional trader spends time every day to further improve his trading knowledge. Because I have already seen many traders who quit trading after making fund losses.
On the other hand, there are some newbies who don't know anything about trading and even make huge profits by investing in unknown coins. I would say that the luck of that trader is very helpful for him.
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Wawa2013
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July 28, 2021, 10:52:51 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
There is a purpose why almost all the trading platforms have a demo account, and there is a reason why so many people advise any new traders to take it from a subjective point of view and practice it in order to develop your own strategies and your own ways, it is easy to give the advice but hard to follow it so i advise anyone who is starting out to avoid losing a lot of money through practicing through the demo accounts that some platforms offer Beginners do need a lot of trading practice, in order to gain trading experience, so they can find a good strategy to make profit. Moreover, beginners often make many mistakes when trading, to be able to correct the mistakes made, they need to practice trading. It can be done using a demo account, so we can practice as much as we need, in order to improve our trading skills. Moreover, the demo account does not require capital, so it will not make us lose money. But most beginners are lazy to trade with a demo account, they think it is not necessary. They prefer to trade directly with the money they have and they will eventually fail. So no wonder we will find some beginners who lose a lot of money when trading, because they think trading is easy, they think trading is just buying low and selling high. Even though the reality is that trading is complicated, it takes a lot of practice.
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lepbagong
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#SWGT PRE-SALE IS LIVE
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July 29, 2021, 12:03:33 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
but as a beginner this is a natural thing to happen, just how to respond, because failure is a lesson to improve better and there is no need to despair. because if you feel hopeless, then you will not be able to improve yourself and to continue again. most of the newbies are people who think trading is an easy toy...
but if they are consistent and don't run away when they lose then they can make big profits from trading. The point is they must have strong determination and not be influenced by prices and false news.
I agree that consistency is needed with what will be done if it is natural to lose in any action. we must immediately get up to improve and continue what has been done with more confidence and try to be able to take the opportunity to profit in the next step, there is no despair for that.
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iv4n
Legendary
Online
Activity: 3136
Merit: 1172
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July 29, 2021, 06:46:36 PM |
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As the headline says... newbie! A person who is inexperienced, a person who is trying something for the first time! And some of them dare to try something for the first time with huge money! This is a clear mistake, never go big if you are doing it for the first time! This works for trading as well as for some other activities like gambling, investing, etc!
I believe there's no person here who didn't make at least a few mistakes in trading! Making mistakes in trading sure means losing some money, and that is not the end of the world! Learn from that, try to be better next time! It's how we get the necessary life experience!
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Bollexz1
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July 29, 2021, 09:37:22 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Yes, you're right. It does take practice and consistency but you see those newbie doesn't want to have that patience. And what kills them doesn't have two names but rather Greed as it is known. Many of them believe they've known it all aftermath of making profits in one of their first few trades not knowing they're being welcomed. So they mistakenly tend to be more greedy by increasing their leverage while at this stage they gets robbed and gets kicked out instead. Patience does it all... 🤗
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checkmatesir
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$CYBERCASH METAVERSE
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July 30, 2021, 05:56:21 AM |
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Because lack of experience lead them to loss. Long term trading bring experience and they don't have much patience for holding that's why they lose money and after that they realized at which point they made mistakes. For trading analyzing the coins is needed.
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BuNga_cute
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July 30, 2021, 07:08:19 AM |
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Overconfidence is one of a trader's worst adversaries, whether rookie or professional. Traders make this mistake because they believe that if the analysis is done correctly and they have good information, they would be successful. In fact, the essence of trading is about management and anticipation; knowledge alone is insufficient if you do not understand management; this is because not all traders who have knowledge have good management; rather, traders who have knowledge and experience have good management.
yes overconfident is one of most harmful thing in trading world, most of newbies once they see a project that seems promising they usually put all their money into it thinking that the project they invested gonna earn them hundreds thousand percent ROI. Actually i saw so many people that think they are expert in trading even though they can be categorized as noob and making mistake like this, most of the time when we know very little, we think we already know everything while in fact there is another world out there in trading that we didnt even know. One proof of how many beginners are too overconfident is what happened to meme coins. After seeing the Dogecoin hype, many newbies bought other meme coins, they thought the price would pump like what happened to Dogecoin. The fact is that since the Bitcoin price fell, all altcoins prices fell too and including meme coins, finally a newbie who is too confident with meme coins. Must experience losses, make it a lesson for all of us. Always do analysis and research before deciding to buy coins, because crypto trading is not an easy thing, must be careful in choosing the coins to be used for trading.
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rhodelmabanal
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July 30, 2021, 07:57:39 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Trading really needs time, so as a newbie they need time to know more about trading. You already answered it, because if they don't practice it in a slow way and they rush for earning there is a possibility that instead of earning they maybe loss a huge amount of capital and it is always happening because most of the newbies are hard headed they always think that they know everything about trading even if they not.
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Semedinha
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July 30, 2021, 11:44:23 AM |
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Trading is not something you rush into or else you loose money. Most newbies loose alot of money because they want to make it big within bw short time and I think that's one of the quickest way to loose your funds. Settle down and learn before you start earning. Very simple
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breathlessz
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Trphy.io
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July 30, 2021, 12:55:20 PM |
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it seems they do not use stoploss to manage the risk that has been calculated beforehand. I think it's possible if you use a stop loss, even if you experience a loss, the loss is not large, because we have set the risk limits that we can accept. therefore every trader should use this tool, or else we can invest long term
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Kittygalore
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July 30, 2021, 01:03:42 PM |
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From my own experience, I can say that beginners too often overestimate their capabilities. As a result, they take unjustified risks, which leads to not the most positive results of work.
That's one way of saying being cocky but yes you are right that that's one of the reasons why newbies lose money, in my experience the biggest reason for lose of newbies in trading is just plain old green, they think that getting into trading will always be sunshine and rainbows.
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coiner-88
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July 30, 2021, 01:28:24 PM |
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On the off chance that you don't treat it in a serious way to keep away from misfortunes, you don't have a thought when it comes exchanging your cash. This is the thing that I consider to be the main parts of exchanging: feelings, essentials, specialized examination, and learning each day. So its truly fine to lose some cash cause venture works like that. In any case, reliably losing isn't solid means you don't learn at all or handle a thing about exchanging.
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bitcub
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July 30, 2021, 01:37:50 PM |
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During my first 2 years in crypto (2016 & 2017) I always listen to shills in Twitter. Thats where I get my buy signals. I lose a huge amount of money from buying from rug pull projects. Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
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Kittygalore
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July 30, 2021, 04:59:32 PM |
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~
maybe I can add.. on the other hand they could also be following in the footsteps of people who spread misinformation. They are consumed by signals that maybe they should be able to explore more knowledge with friends on the forum. However, their fault, they are only looking for information only one point. and when those who follow lack knowledge so they can lose a lot of money in trading. Well, that's a rookie mistake that could've been avoided if there's people that are helping you along the way. I agree with you on regards to finding only information on a one way street, without cross reference in your information it tends to end up with you getting only a small part of the whole information which could be bad for your trading and most of the time results in losses.
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boyptc
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July 30, 2021, 11:54:32 PM |
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Even those with trading experience still make some mistakes, especially those who are just beginners/newbies. Mistakes are inevitable but we can limit them so that it won't always happen especially in trading to avoid loses. As a newbie, no need to start in a big capital, learn first to gain knowledge about this kind of work before putting your huge capital on it
Everyone does because there's no one exempted to bear losses. But good thing with the experienced one, it's easier to minimize loss because of the experience that they've taken before. While for the newbies, they lack it and as well as understanding in trading. Emotionally trading is the cause of the newbie's big accumulation in the loss.
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Sweetbtc
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July 31, 2021, 05:21:36 AM |
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Newbies often trade on pump coin and we know that whale comes in crypto for own benefit so when they start selling newbies loss big money. Please Newbies Keep an eye out and wait for a dip and people start freaking out thinking is going to 0 that's when you buy. Don't buy when is pumping. As simple as it sounds people can't follow. Good luck
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AnoniX1
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July 31, 2021, 12:51:27 PM |
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Trading is like poker - You need to lern that loosing money is normal even as the best one. I think most newbies can't handle normal things that happen and often change something again and again. But u need to understand that if your'e good, you will loose 100$ and win 105$.
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Freebitco.in refpool closed. DM for more infos.
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geegaw
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July 31, 2021, 01:55:15 PM |
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Because lack of experience lead them to loss. Long term trading bring experience and they don't have much patience for holding that's why they lose money and after that they realized at which point they made mistakes. For trading analyzing the coins is needed.
Very attractive dishes were brought out, they were attracted by such colors and heat, it was difficult for them to patiently learn how to eat correctly because everything has come to them so close, eating in any style is also eating, only when they taste different and unappealing spices like many people have said, will they realize they are eating the wrong way and don't know how to add spices. Money is a very hot dish but don't let its charm blind a trader's eyes and mind.
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Woodie
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July 31, 2021, 03:27:01 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big. According to some numbers on successful traders, stats say there is less than 30% of profitable traders out there. So newbie or not trading is not something easy that you can claim you are consistently profitable, but fail is the road to success so don't lose hope. No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
On top of practice and consistency adopt a trading strategy you will stick too, don't jump from one strategy to the other that will make you loss,and also manage your risk.
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South Park
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July 31, 2021, 04:09:29 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
You bring an interesting point, once a newbie learns a little bit about the market they think they can influence the market to move in the way they want, it seems they do not understand that they are the ones that need to adapt to the market otherwise they're going to be crushed by it, and yet a great deal of the newbies never learn this lesson and when they make a trade and begin to lose money they think the market is wrong and they keep holding their trade hoping that the market is going to change direction, when the reality is the market is never wrong and it destroys anyone that thinks otherwise.
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Guljan78666
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August 01, 2021, 04:30:13 AM |
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As my experience newbies can make these mistakes ; They can take entry in top and invest all amount in one time didn't take entry in parts. And second mistake is that they lose money because they didn't learn TA.And other one mistake is that they have no patience when market take small correction they feel fear and start selling in panic and loss their money.
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killerman2
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August 01, 2021, 08:55:35 AM |
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The only thing is that their lack of experience because in trading experience matters a lot. If a person is analyzing the coin really well and he is good at trading, then definitely he will have profit but it is even not 100% sure . So, think about it if a person don't have much experience how can he manage it?
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fullhdpixel
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August 02, 2021, 05:53:46 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Most of the newbies you’re going to find in the market doesn’t have the knowledge that is required to be making successful trades, they just see it and they feel it is easy because they see success stories of other traders that has been trading for long. And one thing with trading is that you will hardly see anyone talk about their failure, when most people fail they just quit without talking about it. But when they win, they start talking about it and some noobs will feel that it is an easy thing to do, when it’s clearly not.
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dotcoin.info
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www.cd3d.app
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August 02, 2021, 06:29:08 PM |
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I believe that beginners lose a lot of money in trading only because they make large deposits in the expectation that this will reduce their risks. You need to start with a small deposit that you are not afraid to lose, and trade in percentage terms based on your deposit as 100%, regardless of the amount deposited.
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cryptolord2077
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August 02, 2021, 09:29:00 PM |
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Lack of knowledge. Most newbies act too recklessly. Given the lack of their own knowledge, they often rely on other people's advice and external information field, which is often false or erroneous. In fact, most of the information field conveys the theory said by someone in a circle, noobs listen to it and lose everything in the end.
They are riding the hype on a bad way and that’s why they lose most of the time. That lack of knowledge is normal for a newbie and if they act recklessly, that’s the time they’ll lose because learning is a process and they should not take any shortcuts for trading. There’a a lot of good resources available online, its easy to learn how the things works here, I don’t know why they can’t still afford to spend time with it. Hype isn't always bad. You can make a lot of money on HYIP, but people without experience, as a rule, lose, because they do not know when to leave on time. Such things come with experience, after several unsuccessful attempts and loss of money, the mechanisms of work of such projects become clear
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seleme
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August 02, 2021, 09:46:44 PM Last edit: August 02, 2021, 10:48:25 PM by seleme |
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Trading is like poker - You need to lern that loosing money is normal even as the best one. I think most newbies can't handle normal things that happen and often change something again and again. But u need to understand that if your'e good, you will loose 100$ and win 105$.
It is all a zero-sum game, while someone winning on another side of the world you are paying the price of making the wrong decision. The newbies wanna make hundreds of $ in a week so they keep increasing the trade size with help of huge leverage by greedy brokers, one day the truth will catch them on the wrong side of the trend. The more trader makes wrong decisions, the more experience he will have and having an experience is the first step towards the successful trading journey. BTW, having a decent trading experience does not guarantee the higher ROI but the experience increases the chance of making steady profit over the long term.
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nelson4lov
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August 02, 2021, 09:59:10 PM |
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I believe that beginners lose a lot of money in trading only because they make large deposits in the expectation that this will reduce their risks. You need to start with a small deposit that you are not afraid to lose, and trade in percentage terms based on your deposit as 100%, regardless of the amount deposited.
It's not really about the amount deposited. With the right skill and knowledge, it doesn't matter if you're trading with an $100 account or $10,000 account that's why deposit isn't a major cause of losses to new and beginning traders. Most of them just lack the much needed skill to make it in the trading industry. Because I've seen people trade their way from a small sized account to a huge size account but that's only possible if you know your way around the market. However, knowing the markets and having a huge capital to back it up is a big plus.
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iged_war
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August 02, 2021, 10:16:26 PM |
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Trading is like poker - You need to lern that loosing money is normal even as the best one. I think most newbies can't handle normal things that happen and often change something again and again. But u need to understand that if your'e good, you will loose 100$ and win 105$.
i think its totally different with poker, we need our skill trading skills here not only luck on what card we will get. But we have to totally analize market , make research to several projects and how to arrange good money management . we should not habitual with loss but we have to make profits as an habbit.
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Slow death
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Leading Crypto Sports Betting & Casino Platform
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August 02, 2021, 10:38:21 PM |
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Man, I don't even remember how much money I lost in the first year and I still lose money, it's not like trading was easy and that every day a person leaves with a profit, there are days that are very frustrating because the person leaves with a loss, imagine anyone new in this market. probably the biggest secret is in practice, in bitcoin trading things are different from trading altcoins, and even in altcoins the trade of each altcoin is also different, by that I mean that it is very important to know the market that the person will be trading do day trade The only thing is that their lack of experience because in trading experience matters a lot. the most important thing is to have knowledge and then practice
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boyptc
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August 02, 2021, 11:17:19 PM |
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I believe that beginners lose a lot of money in trading only because they make large deposits in the expectation that this will reduce their risks. You need to start with a small deposit that you are not afraid to lose, and trade in percentage terms based on your deposit as 100%, regardless of the amount deposited.
And that won't lessen the risk, whether big or small deposits, risk won't change. But their potential lose is just going to be lessened if they tighten their budgets. It's the best start, to only deposit with small amount and their run from there so they will get the experience and as well as strategy.
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romero121
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August 03, 2021, 12:08:42 AM |
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I believe that beginners lose a lot of money in trading only because they make large deposits in the expectation that this will reduce their risks. You need to start with a small deposit that you are not afraid to lose, and trade in percentage terms based on your deposit as 100%, regardless of the amount deposited.
And that won't lessen the risk, whether big or small deposits, risk won't change. But their potential lose is just going to be lessened if they tighten their budgets. It's the best start, to only deposit with small amount and their run from there so they will get the experience and as well as strategy. Depending on the capital is the risk as well as the profiting. The potential loss being lessened based on the capital. This means the risk is also lowered based on the market volatility causing loss. Anyhow it varies on users view, it is always good to gain experience and know about the market with small investment. The misunderstanding happens when someone who is known to them making good return with huge capital. We can't expect the same to happen with us, because they might be watching the market for months. Just with the capital getting into the market won't assure profit. There are lucky ones which is exceptional.
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cabron
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August 03, 2021, 12:20:51 AM |
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I believe that beginners lose a lot of money in trading only because they make large deposits in the expectation that this will reduce their risks. You need to start with a small deposit that you are not afraid to lose, and trade in percentage terms based on your deposit as 100%, regardless of the amount deposited.
And that won't lessen the risk, whether big or small deposits, risk won't change. But their potential lose is just going to be lessened if they tighten their budgets. It's the best start, to only deposit with small amount and their run from there so they will get the experience and as well as strategy. Depending on the capital is the risk as well as the profiting. The potential loss being lessened based on the capital. This means the risk is also lowered based on the market volatility causing loss. Anyhow it varies on users view, it is always good to gain experience and know about the market with small investment. The misunderstanding happens when someone who is known to them making good return with huge capital. We can't expect the same to happen with us, because they might be watching the market for months. Just with the capital getting into the market won't assure profit. There are lucky ones which is exceptional. Those who are from other markets like Forex or stock market have learned well there before going to crypto can become successful. I was one of those who thought I could also try manipulating the market with just a few XRP during the time when I just got into cryptocurrency. I bought about 8,000XRP while its price was just $0.02. I have few successes with it when the market dumps, I also dump and waits for the price to go below the selling price and buy again. Realized later that there are bigger fish than me.
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Cherylstar86
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August 03, 2021, 02:41:50 AM |
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I believe that beginners lose a lot of money in trading only because they make large deposits in the expectation that this will reduce their risks. You need to start with a small deposit that you are not afraid to lose, and trade in percentage terms based on your deposit as 100%, regardless of the amount deposited.
And that won't lessen the risk, whether big or small deposits, risk won't change. But their potential lose is just going to be lessened if they tighten their budgets. It's the best start, to only deposit with small amount and their run from there so they will get the experience and as well as strategy. Indeed. Risk is always been there not just here in cryptocurrency world but also in our daily things we did. We can't avoid risking but we can manage it through learning. Some of those newbies are impatient, doesn't have trade plan, trading without knowledge on it, and trading too much. Other reason is they don't know stop loss tool or they are not using the stop loss tool correctly. If a trader uses stop loss they are actually able to control the risk. The best way is to start again if you lose huge money and try to make those experiences as an inspiration.
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Xinarae*
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August 03, 2021, 04:21:10 AM |
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Newcomers lose a lot of money in trading because they do not have much knowledge about the market and are less patient and more emotional. You have to have patience to trade and if you can't control your emotions you can't succeed also the main reason for losing money is inconsistency they know dozens of trading techniques and try to use them in every market they trade. They also trade in several markets at the same time they will rarely follow their trading plans all this combined will eventually lead to huge losses.
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boyptc
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August 03, 2021, 07:25:18 AM |
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I believe that beginners lose a lot of money in trading only because they make large deposits in the expectation that this will reduce their risks. You need to start with a small deposit that you are not afraid to lose, and trade in percentage terms based on your deposit as 100%, regardless of the amount deposited.
And that won't lessen the risk, whether big or small deposits, risk won't change. But their potential lose is just going to be lessened if they tighten their budgets. It's the best start, to only deposit with small amount and their run from there so they will get the experience and as well as strategy. Indeed. Risk is always been there not just here in cryptocurrency world but also in our daily things we did. We can't avoid risking but we can manage it through learning. Some of those newbies are impatient, doesn't have trade plan, trading without knowledge on it, and trading too much. Other reason is they don't know stop loss tool or they are not using the stop loss tool correctly. If a trader uses stop loss they are actually able to control the risk. The best way is to start again if you lose huge money and try to make those experiences as an inspiration. That's risk management that you're describing. It's a must for most traders and newbies, most of them don't have the idea about that. But once they started to learn about risk taking and management. They can minimize their losses as they trade.
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sulendra12
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August 03, 2021, 07:34:44 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
It's not only limited to newbies. Even "experienced" traders are having the same experience, they think that whenever their strategies worked on certain coins and then they can use it on all of the coins on the market, where in reality it doesn't work like that. I have seen lot of the examples about it and they ended up in losses and suffers a lot from it. I believe that beginners lose a lot of money in trading only because they make large deposits in the expectation that this will reduce their risks. You need to start with a small deposit that you are not afraid to lose, and trade in percentage terms based on your deposit as 100%, regardless of the amount deposited.
There is no such thing like that, I have talked to different beginners on trading and they don't even know how much they should start for trading, so expecting them to make a big deposit is such a nonsense.
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Questat
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August 03, 2021, 08:09:26 AM |
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Newcomers lose a lot of money in trading because they do not have much knowledge about the market and are less patient and more emotional. You have to have patience to trade and if you can't control your emotions you can't succeed also the main reason for losing money is inconsistency they know dozens of trading techniques and try to use them in every market they trade. They also trade in several markets at the same time they will rarely follow their trading plans all this combined will eventually lead to huge losses.
In general, it is all about market preparation and self-control. It is for sure, no one will ever succeed if we don't have this stuff. Many had to think trading was easy as many advertisements says but the truth is that, they are just lying to us. And now, these newcomers will think differently and even to blame the market which is supposed to be they have their self first as this was their fault.
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dustboy
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August 03, 2021, 10:04:27 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Newbies means some people who have just learn about new thing, do you think newbies will spend huge amount of money on something that they have just learned? When I was a newbie and if I'm going to be a newbie on other thing, I will not spend too much money as I will consider it as a big mistake. By the way, how do you know that most newbies lose huge amount of money? Is there any specific valid researches on this case?
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conected
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August 03, 2021, 01:59:22 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Newbies means some people who have just learn about new thing, do you think newbies will spend huge amount of money on something that they have just learned? When I was a newbie and if I'm going to be a newbie on other thing, I will not spend too much money as I will consider it as a big mistake. By the way, how do you know that most newbies lose huge amount of money? Is there any specific valid researches on this case? - You can be a cautious person when dealing with new things and the investment is also low minimum but you are not surrounded by such careful individuals, quite a lot of new people like to show a bit of their greed, if they have decided to invest, it will be a huge investment and they can even borrow money, to say they don't understand and are careless is also incorrect, we can only say that newbies don't know yet enough. Although the research data are not exhaustive but a tourist area full of evidence at telegram groups is a lot, new people lose money from being scammed to emotional trading.
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Tahsin Kabir Kollol
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August 03, 2021, 02:43:30 PM |
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One of the main reasons why newcomers waste a lot of money on trading is because it is a normal thing. Because at the beginning of any work every new person makes some mistakes which through correction and effort he becomes proficient in that work. Moreover, due to the involvement of greed and risk in trading, most of the new traders face a lot of losses as they do not take these issues seriously. On the other hand, most new traders start trading with little experience due to a lack of patience. As a result, they face losses. Many people take the subject of trading in a simple way, which leads to a variety of wrong decisions in real-world trading.
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LongStand
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August 03, 2021, 06:22:25 PM |
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Newbies lose huge money in trading because they don't have any previous trading experience. They don't have any knowledge about trading so for the first time when they invest they lose money in trading. Newbies invest based on feeling. So its not wiser to trade without any knowledge and experience of trading.
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Bitstar_coin
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August 03, 2021, 06:39:00 PM |
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It is not just newbies, anyone can lose money as long as you fail to go get the necessary knowledge of trading, even the most experienced traders sometimes lose let alone none experience traders, trading requires knowledge and patience, if you don't possess this two you are likely going be losing money whenever you attempt to trade.
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elisabetheva
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August 04, 2021, 06:52:57 AM |
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It is not just newbies, anyone can lose money as long as you fail to go get the necessary knowledge of trading, even the most experienced traders sometimes lose let alone none experience traders, trading requires knowledge and patience, if you don't possess this two you are likely going be losing money whenever you attempt to trade.
trading knowledge is very important in every time we want to do it we can't avoid it but again it takes patience and not to panic quickly for every execution that you will do. analysis and experience may be able to help but if it is not helped with patience and not panic, then it is useless. I agree with you that this matter is not only because of experience or not, everyone will be able to experience it and from that experience we can continue to learn.
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bakasabo
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August 04, 2021, 07:06:25 AM |
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Because newbies probably think that investing in cryptocurrency and trading is easy, they rush to take decisions.
Also one of the reasons is that just one click separates them from loosing money - they buy what shows most gains on the exchange right now. I've seen how people sort cryptocurrency trading pair by "descending change" and buy the one that shows most % growth. Their graph is set to 4 hour, or 1 day or even 1 week. They see that altcoin shows a huge growth with probably a little decrease and that suits them perfectly. What they dont know, is that if they switch to 1minute or 5 minute graph, they would see that there are huge volumes of sales and they would understand that they has bought their asset at ATH. And it is not unusual that they go all in with that altcoin.
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John Jefferson
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August 04, 2021, 07:18:38 AM |
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Because newbies probably think that investing in cryptocurrency and trading is easy, they rush to take decisions.
Also one of the reasons is that just one click separates them from loosing money - they buy what shows most gains on the exchange right now. I've seen how people sort cryptocurrency trading pair by "descending change" and buy the one that shows most % growth. Their graph is set to 4 hour, or 1 day or even 1 week. They see that altcoin shows a huge growth with probably a little decrease and that suits them perfectly. What they dont know, is that if they switch to 1minute or 5 minute graph, they would see that there are huge volumes of sales and they would understand that they has bought their asset at ATH. And it is not unusual that they go all in with that altcoin.
I think novices have most of the good luck, but this kind of good luck is only temporary. I suggest that if you are going through the novice stage of luck, you can withdraw the principal or profit.
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jossiel
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August 04, 2021, 09:19:06 AM |
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Newcomers lose a lot of money in trading because they do not have much knowledge about the market and are less patient and more emotional. You have to have patience to trade and if you can't control your emotions you can't succeed also the main reason for losing money is inconsistency they know dozens of trading techniques and try to use them in every market they trade. They also trade in several markets at the same time they will rarely follow their trading plans all this combined will eventually lead to huge losses.
It is true that they're more emotional and don't have the patience just as the traders that have been trading for years. That's what they have to have when they go in trading. Surely, they're going to lose if they're only relying on their decision without being patient for each decision that they make.
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Xuanansent
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August 04, 2021, 11:18:41 AM |
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beginners who come to forex or the like just hope for easy and quick earnings, because this is exactly what they are promised in advertising, but this is far from the case
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Kelvinid
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when lambo...
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August 04, 2021, 12:52:00 PM |
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Because newbies probably think that investing in cryptocurrency and trading is easy, they rush to take decisions.
It is very unfortunate that most newbies had come to that end due to their emotions. But I believe that not all newbies think like this, some have also knowledge as they might have some experience in the other form of investments which gives them a reason to survive. Also one of the reasons is that just one click separates them from loosing money - they buy what shows most gains on the exchange right now. I've seen how people sort cryptocurrency trading pair by "descending change" and buy the one that shows most % growth. Their graph is set to 4 hour, or 1 day or even 1 week. They see that altcoin shows a huge growth with probably a little decrease and that suits them perfectly. What they dont know, is that if they switch to 1minute or 5 minute graph, they would see that there are huge volumes of sales and they would understand that they has bought their asset at ATH. And it is not unusual that they go all in with that altcoin.
That is certainly hard for them if they just have limited knowledge of the market. I surely seeing that no one will ever succeed in that position. Knowledge is one of the vital things needed in trading, most of the traders are investing this and even to spend a lot of time for this and that is not to wonder how they become successful in the end.
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Sanugarid
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August 04, 2021, 03:33:57 PM |
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Because most newbies are cocky thinking that it's all easy money, not anticipating the fact that it's a volatile market and they underestimate the volatility of the market. The solution to these cockiness is knowledge and experience, if they have adequate knowledge, they won't underestimate the market because they know better, experience can be gained even without risking anything.
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Beparanf
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August 04, 2021, 03:38:08 PM |
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Because most newbies are cocky thinking that it's all easy money, not anticipating the fact that it's a volatile market and they underestimate the volatility of the market. The solution to these cockiness is knowledge and experience, if they have adequate knowledge, they won't underestimate the market because they know better, experience can be gained even without risking anything.
Even an old trader here on crypto still can get loss lots money for a short period of time because leverage trading and FOMO buying on shitcoins. The whole crypto market is very dangerous not only for newbie because indicators, signals and some trading trick will not gonna work on a market that pronoe of manipulation by whale holders. Its not that newbie getting cocky but the crypto market itself is very dangerous and not advisable for newbie that has a weak heart for losses.
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zanezane
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August 04, 2021, 04:05:53 PM |
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beginners who come to forex or the like just hope for easy and quick earnings, because this is exactly what they are promised in advertising, but this is far from the case
That's because they were misled by the people who introduced them to crypto trading and even other stuff involving money and investing, which leads to them thinking that you can make a quick buck out of it but soon gets hit by the reality that it's a difficult thing to do and an extensive experience is needed to be successful.
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Sanugarid
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August 04, 2021, 04:13:15 PM |
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snip
Even an old trader here on crypto still can get loss lots money for a short period of time because leverage trading and FOMO buying on shitcoins. The whole crypto market is very dangerous not only for newbie because indicators, signals and some trading trick will not gonna work on a market that pronoe of manipulation by whale holders. Its not that newbie getting cocky but the crypto market itself is very dangerous and not advisable for newbie that has a weak heart for losses. It's not being cocky though, they overestimate their stay in leverage thinking there's still room for some more and ended up with nothing but losses. Veteran traders don't get cocky because they've been there already and they won't be making the same mistake unlike newbies who started only about a month ago.
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Sihab76
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August 04, 2021, 05:59:43 PM |
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Trading is not an easy task, especially for those who do not know much about trading. Especially those who are new to trading open a demo account before trading Have to learn. Otherwise, they may face huge losses in trading.
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cheezcarls
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August 04, 2021, 07:51:01 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
In my opinion, newbies are losing in trading due to their lack of experience and risk management. They need to spend some time learning more about cryptocurrency trading starting off with the basics. There are so many sources that they can find in the internet like here on Bitcointalk, Youtube, Google, etc. However, even the technical analysis of the so-called "pros" and "experts" aren't that accurate because of the market's volatility in which the movement may depend on several factors like good or bad news, whale pumping or dumping, etc. In other words, the market is very unpredictable and we always have to be prepared in this kind of risk.
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Traderbtcc
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★Bitvest.io★ Play Plinko or Invest!
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August 04, 2021, 11:00:58 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
There are so many reasons why noobs lose hugely when they start trading and over confidence as you said could be one of them, noobs feel over confident because they think the market is easy to predict like the examples they were using to learn during their learning period, meanwhile in the real world one bad news can destroy your good T.A, to be a successful trader it takes time, patience and consistency, Rome wasn't built in a day .
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AakZaki
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zknodes.org
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August 05, 2021, 08:07:46 PM |
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Because most newbies are cocky thinking that it's all easy money, not anticipating the fact that it's a volatile market and they underestimate the volatility of the market. The solution to these cockiness is knowledge and experience, if they have adequate knowledge, they won't underestimate the market because they know better, experience can be gained even without risking anything.
Some of the newbies I met were still afraid to enter the market and they just watched. As a beginner, you must make observations first, learn the basic knowledge needed in trading. if you only rely on luck and other people's words, trading will not be consistent and you certainly don't know what to do next. It takes experience in trading to get used to it and prepare capital to get started.
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South Park
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August 05, 2021, 10:40:12 PM |
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One of the main reasons why newcomers waste a lot of money on trading is because it is a normal thing. Because at the beginning of any work every new person makes some mistakes which through correction and effort he becomes proficient in that work. Moreover, due to the involvement of greed and risk in trading, most of the new traders face a lot of losses as they do not take these issues seriously. On the other hand, most new traders start trading with little experience due to a lack of patience. As a result, they face losses. Many people take the subject of trading in a simple way, which leads to a variety of wrong decisions in real-world trading.
You have a point, newbies are going to lose money in the markets as they are learning how to do all of the things that experimented traders already know how to do, however there is a difference between those kind of losses and the losses that come from not doing any effort to understand the markets and losing their money that way, in that case they are not really learning any lesson which will help them in the future to avoid this fate, and if they keep trading then they are going to keep losing their money and will have no chance of making money in the future.
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sherenikaw
Member
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rocket.hashbon.com
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August 05, 2021, 11:09:04 PM |
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Before entering the crypto world, we are likened to an empty glass that needs to be filled with a lot of knowledge so that it can be fully filled. Not only that we also need to practice it well. My advice if we start trading then we can start with a small capital first, don't immediately spend a large capital. After that, if you are used to it and have found the right path, you can start with a large capital. Do not be too hasty with the big results because all of it takes a process. Don't let our own greed make us suffer big losses. The purpose of trading is to make a profit, not to accept a loss, so it takes patience and caution.
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HASHBON ROCKET CDEX-CROSS-CHAIN DECENTRALIZED EXCHANGE PLATFORM
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Irenerty
Newbie
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August 07, 2021, 08:22:51 AM |
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Blindly invest, chasing ups and downs. Many people are overconfident in investment, do not analyze market trends, blindly bullish to chase up, bearish to chase down. Always covet the smallest short-term benefits.The price of the currency will change periodically, and a valuable and promising project currency will slowly develop its value after it has settled for a period of time. So take a long-term view. Have a herd mentality for investment. Follow others to invest and always trust others, without self-judgment ability and selection criteria.
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LimLims
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August 07, 2021, 09:54:23 AM |
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Op it’s simple as that to think. The word Newbie itself defines that they are new to trading. And not only trading in any field if someone joins new then they are prone to make mistakes only. The basic reason for which they lose money is lack of experience. Instead what they can do is start with small capital and understand the market first.
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airdata
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August 07, 2021, 11:15:23 AM |
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Newbe trader maximum time can't make profit from crypto trading, always they loss their fund, and the main reason is that they haven’t any good experience about market and also when i was a newbe on market then i loss very little money becouse i always follow Experienced traders advice and always i try to follow their advice. For new traders i want to tell you, at first try to understand about market, increase your knowledge about trading.
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boyptc
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August 08, 2021, 02:48:29 AM |
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Most of newbies lost their money is because they are over confidence. They does not realise that when they get profit without technical analisys and fundamental analisys its just luck and luck will not gives them stable profit.
Having no technical analysis, that already it is one reason why newbies have it wrong when they trade. They are lucky to have some profits if they trade ahen they do not have analysis and as for stable profit, this is hard to maintain in trading.
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Wulan_maniez
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August 08, 2021, 03:12:53 AM |
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According to my experience in trading for the past few years, sometimes it also does not guarantee a person will be successful in trading, it takes a long time, when a trader is losing money, even he knows he has to recover his capital in order to return and it takes time, even to take profit after that, the crypto market is very unpredictable. Especially for those who are new to trading. Be Patience.
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Xampeuu
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Sugars.zone | DatingFi - Earn for Posting
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August 08, 2021, 06:42:19 AM |
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My advice is that a newbie should start from investing, and only a little capital is used for trading, so I don't think you will experience a big loss. sometimes there are many novice traders who want to immediately get a lot of money without being based on sufficient knowledge. that's what causes emotional control in trading
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Cherylstar86
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August 08, 2021, 12:41:03 PM |
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According to my experience in trading for the past few years, sometimes it also does not guarantee a person will be successful in trading, it takes a long time, when a trader is losing money, even he knows he has to recover his capital in order to return and it takes time, even to take profit after that, the crypto market is very unpredictable. Especially for those who are new to trading. Be Patience.
That's key there, patience and never to assume that high when you are still newbie, there are lots of flows to understand and with your willingness to work on with your knowledge, there's a good chance to earned from this market and lessen also the chance of losing your investment. Indeed. Having patience and knowledge is very important for those newbies to gain a huge amount of profit. Newbies lose huge amount of profit it is because after learning the basic in cryptocurrency, they think they know it all. Newbies must need to have a research skills to be updated on the things happened in cryptocurrency world and must have a lot of knowledge about it. Newbies experiences lose of profit but those experiences help them learn and have a high intentions in trading. Nothing is impossible, if we keep on trying and do our best, we will gain profit and learn from our mistakes.
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geegaw
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August 08, 2021, 01:46:40 PM |
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Op it’s simple as that to think. The word Newbie itself defines that they are new to trading. And not only trading in any field if someone joins new then they are prone to make mistakes only. The basic reason for which they lose money is lack of experience. Instead what they can do is start with small capital and understand the market first.
Blaming and considering a terrible loss that comes from inexperience is merely an act without a sense of responsibility and navigating behavior of public opinion, your gentle justifications are just explanations meant to help newbie behavior, this is obviously a huge mistake and it can't be excused from inexperience to erase the mistake. Too many newbies have the behavior to go straight into trading with large amounts of money with the simplest calculations, a few pages of technical knowledge as well as reports have never read, too fond of showing innocence and arrogance
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wahyu wida
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August 08, 2021, 01:47:17 PM |
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According to my experience in trading for the past few years, sometimes it also does not guarantee a person will be successful in trading, it takes a long time, when a trader is losing money, even he knows he has to recover his capital in order to return and it takes time, even to take profit after that, the crypto market is very unpredictable. Especially for those who are new to trading. Be Patience.
That's key there, patience and never to assume that high when you are still newbie, there are lots of flows to understand and with your willingness to work on with your knowledge, there's a good chance to earned from this market and lessen also the chance of losing your investment. while everyone is focused on the losses experienced by novice traders, here many of the traders who have been for years, but still experience losses too. indeed here we need patience to trade and recover losses little by little, so that when we have BEP, and after that we can profit consistently.
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carrigan
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August 08, 2021, 01:58:23 PM |
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Many newbies fail and lose a lot of money because they can't control their emotions, the most important key to trading themselves is that they have to be patient first because the market is very volatile. Besides being patient, you also have to understand the state of the market, analyze the risks and profits that might occur. if it still fails you need to find out what went wrong and try to fix it and learn from the mistakes that occurred so it doesn't happen again.
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checkmatesir
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Merit: 100
$CYBERCASH METAVERSE
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August 09, 2021, 07:22:14 AM |
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The foremost common way in which new dealers lose cash is by buying Calls when they think the advertise is bullish and buying puts when they think the advertise is bearish. More frequently than not, they purchase OTM Choices that's why they lose money.
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StanleyBoyle
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What you worry about will control you
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August 09, 2021, 09:56:58 AM |
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this is very simple. Novices entering a new circle need to pay some tuition, and the tuition is handed over to the market. After experiencing happiness and pain, you will grow up. Of course, the amount of tuition depends on 3 points: - 1. The personality characteristics of the trader.
- 2. The knowledge structure and learning ability of traders.
- 3. Trader's fund allocation.
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btc-facebook
Legendary
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Activity: 1862
Merit: 1015
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August 10, 2021, 07:05:46 AM |
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My advice is that a newbie should start from investing, and only a little capital is used for trading, so I don't think you will experience a big loss.
Beginners who have no knowledge of trading are better investing without trading, trading without a good understanding will only get loss and waste money in vain, another reason is the goal, don't let the main goal be to make profit, but the truth is to invest without capital, so make sure to take capital first when you make a profit, this will help beginners to control greed.
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RokokGudangGaram
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August 10, 2021, 07:25:30 AM |
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The main reason is they put huge money, without any experience at all. We know that one thing to learn is to participating or experiencing the exchange by ourselves right but the wrong thing about newbies is that they put a lot of money immediately instead of investing a small capital and experience or analyze their trade. That's one of the reason why newbies lose huge money in trading.
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monmoynatt
Jr. Member
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Activity: 112
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August 10, 2021, 07:44:08 AM |
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Trading is not too easy matter. For good trading need huge knowledge about different sectors. Like need to laearn economic knowledge and world economic news, world political news and analysis. When anyone larn thats knowledge then he can try to trade. But newbies are start trading without proper knowledge, so newbies losing huge money in trading. So i told for newbies at first larn and then start trading, Otherwise you will loss your valuable money.
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Cherylstar86
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August 10, 2021, 10:26:54 AM |
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Assuming you don't view it in a serious way to keep away from misfortunes, you don't have a thought when it comes exchanging your cash. For me much better to stop since you won't become effective coming and you're simply squandering cash. So it involves timing and not getting that additional benefit from a green market. Information helps yet less if the above is important for your container of computerized resources.
Though similar to that. But, some of those newbies experiences losing a huge amount of money in trading is because they put a huge money without any experiences at all. They put a huge amount of money even though they don't have a knowledge about it and they take risk just to earn even the market prices are red. If I were a newbie and don't have knowledge about it, it is much better to stop than continue losing huge amount of money. Some of those newbies experience lose money is because of their emotions, once market prices starting to decrease they will panic to sell their coins just to earn.
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imstillthebest
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August 10, 2021, 12:37:09 PM |
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to be able to manipulate this market you will need big funds and newbies loose big funds because they imitate being a whale but they loose because they are not that experienced like a real whale that are already in the market for many years . manipulating this market isnt easy as having a big capital but it takes lots of practice too but before they end up there it would be better if they will start in the basics of cryptos .
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Victorycoin
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August 10, 2021, 02:08:57 PM |
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Trading is not easy trade requires a lot of knowledge to trade you need to understand the impact of market bulls and whales having whales is not easy to loosen for trade this will increase the risk you can trade without understanding the market situation after becoming greedy. Financial markets are very volatile and often unpredictable sometimes, your strategy can make you fail and you lose one learn the tricks of the trade and understand bullshit.
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Ianlanim
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August 10, 2021, 03:34:45 PM |
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In order not to lose a lot at once, you do not need to carry a very large amount for a deposit.
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rima28
Jr. Member
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Activity: 378
Merit: 1
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August 10, 2021, 04:39:52 PM |
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Newbies lose huse many in trading. because the maney cannot plan of the trade but they make some mistake that make them lose. We always cannot make a lot of mistakes so we are very important is learn for trade .so it's really time to lose some money .cause investment works like that but consistently losing is not healthy means you do not learn at all or grasp a think about trading.
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South Park
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August 10, 2021, 06:00:38 PM |
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My advice is that a newbie should start from investing, and only a little capital is used for trading, so I don't think you will experience a big loss. sometimes there are many novice traders who want to immediately get a lot of money without being based on sufficient knowledge. that's what causes emotional control in trading
While investing should be in theory way easier than trading at the same time it can still produce huge losses for newbies that do not really know what they're doing, and the reason for this is that while in trading you need great technical skill in order to become profitable when it comes to investing you need great emotional maturity, you cannot get scared just because the price of bitcoin is crashing and unfortunately that is not a characteristic that many newbies have, so they can still lose a fortune in the process even if they are just investing their money.
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Quidat
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August 10, 2021, 08:27:13 PM |
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My advice is that a newbie should start from investing, and only a little capital is used for trading, so I don't think you will experience a big loss. sometimes there are many novice traders who want to immediately get a lot of money without being based on sufficient knowledge. that's what causes emotional control in trading
While investing should be in theory way easier than trading at the same time it can still produce huge losses for newbies that do not really know what they're doing, and the reason for this is that while in trading you need great technical skill in order to become profitable when it comes to investing you need great emotional maturity, you cannot get scared just because the price of bitcoin is crashing and unfortunately that is not a characteristic that many newbies have, so they can still lose a fortune in the process even if they are just investing their money. Reading up some theories and apply it on real engagement to gain experience is always been a good tandem or simply its a must thing to do when you are trying to sustain yourself into this market. Losses is inevitable but with sufficient knowledge and experience then you can actually at least able to handle up yourself into this very volatile and unpredictable market. You shouldnt expect that you would get perfect trades anytime because there is no such thing for that thing to happen. Do your best to sustain and at least ending up on positive despite of the losses.
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jossiel
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August 10, 2021, 09:02:48 PM |
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In order not to lose a lot at once, you do not need to carry a very large amount for a deposit.
It's normal for practice traders not to have such an amount of capital. It's part of growing as a newbie in trading. But when a trader already got the experience and understands how he's going to earn, it could be massively or just an amount that he's wanting to earn then that's already going to push him for depositing larger amounts.
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roosbit
Member
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Random coins :)
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August 10, 2021, 11:15:55 PM |
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Newbies lose huse many in trading. because the maney cannot plan of the trade but they make some mistake that make them lose. Failing is part of the process of being a successful trader, fyi its not about being new to it or being a pro trader! Fact is no trader got into it and immediately started making profits, we all have to make some losses along the way, moreover very few traders count themselves profitable afaik. We always cannot make a lot of mistakes so we are very important is learn for trade .so it's really time to lose some money .cause investment works like that but consistently losing is not healthy means you do not learn at all or grasp a think about trading.
Correct and I will maintain what I know consistency is not easy when it comes to trading but managing your loses is what makes the difference.
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n0ne
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August 10, 2021, 11:59:40 PM |
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In order not to lose a lot at once, you do not need to carry a very large amount for a deposit.
It's normal for practice traders not to have such an amount of capital. It's part of growing as a newbie in trading. But when a trader already got the experience and understands how he's going to earn, it could be massively or just an amount that he's wanting to earn then that's already going to push him for depositing larger amounts. When you master the trading process, you can go for higher investment. Until then it is good to learn what is happening in the market. Some used to invest blind without knowing anything, just thinking it a way to make money. Market fluctuation will be big with cryptocurrency market, people won't understand this and go for high volume trades. When the market turns negative, they won't be able to accept it. Because, it isn't easy to recover the loss all of the sudden through trading.
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imstillthebest
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August 11, 2021, 03:46:18 PM |
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to be able to manipulate this market you will need big funds and newbies loose big funds because they imitate being a whale but they loose because they are not that experienced like a real whale that are already in the market for many years . manipulating this market isnt easy as having a big capital but it takes lots of practice too but before they end up there it would be better if they will start in the basics of cryptos .
Timing in terms of waiting for good opportunities, acting like a whales means you are willing to take every chances that you have with a good amount of funds that will let you play and ride. The money to stake isn't small but a very huge and if you have misfortune you can lose everything in hope that you'll going to collect more using that money. for a true whale i think it's not that hard for them to recover if they lost a really huge amount , they have earned before and they have skills to try again but for newbies that are only starting this can be their last if they will start big and loose . It's either they will get disappointed for the result or they don't have funds anymore to continue .
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jossiel
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August 11, 2021, 10:11:08 PM |
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In order not to lose a lot at once, you do not need to carry a very large amount for a deposit.
It's normal for practice traders not to have such an amount of capital. It's part of growing as a newbie in trading. But when a trader already got the experience and understands how he's going to earn, it could be massively or just an amount that he's wanting to earn then that's already going to push him for depositing larger amounts. When you master the trading process, you can go for higher investment. Until then it is good to learn what is happening in the market. Some used to invest blind without knowing anything, just thinking it a way to make money. Market fluctuation will be big with cryptocurrency market, people won't understand this and go for high volume trades. When the market turns negative, they won't be able to accept it. Because, it isn't easy to recover the loss all of the sudden through trading. Yes. You can opt to get with those higher capitals for those trades that you're about to make. You understand how risky it is and needed to be thought of before committing your trades. The sense of it is that you won't surprise with huge fluctuations that's normal in the market.
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ScamViruS
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August 11, 2021, 10:26:56 PM |
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In order not to lose a lot at once, you do not need to carry a very large amount for a deposit.
It's normal for practice traders not to have such an amount of capital. It's part of growing as a newbie in trading. But when a trader already got the experience and understands how he's going to earn, it could be massively or just an amount that he's wanting to earn then that's already going to push him for depositing larger amounts. If a trader thinks he has enough experience about trading and he can do risk management properly, he can make a large deposit. With a small amount a trader can test his trading skills, which will play a very important role in the future. In most cases, newbies are more interested in making a profit by trading than by developing trading skills! And this is what causes them to suffer huge losses later on. An experienced trader must wait patiently to find the right movement in the market, while a newbie trader will be more attracted to the Fomo trade. So newbies are at a loss in most cases.
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BitTraderCute
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August 11, 2021, 11:51:05 PM |
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why alot traders lose their money no matter beginers or experience they are. trading skills and emotion controlling not going good when they start invest money. trading was not easy like people saw, they think it just need single click to earn money , meanwhile analizing market was so complicated for us. skill ,emotion , risk controlling be main problem for all traders and we have to developt our skill in this part.
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jossiel
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August 12, 2021, 10:22:10 PM |
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In order not to lose a lot at once, you do not need to carry a very large amount for a deposit.
It's normal for practice traders not to have such an amount of capital. It's part of growing as a newbie in trading. But when a trader already got the experience and understands how he's going to earn, it could be massively or just an amount that he's wanting to earn then that's already going to push him for depositing larger amounts. If a trader thinks he has enough experience about trading and he can do risk management properly, he can make a large deposit. With a small amount a trader can test his trading skills, which will play a very important role in the future. In most cases, newbies are more interested in making a profit by trading than by developing trading skills! And this is what causes them to suffer huge losses later on. An experienced trader must wait patiently to find the right movement in the market, while a newbie trader will be more attracted to the Fomo trade. So newbies are at a loss in most cases. Yes. No one can stop the experienced traders to do what they think is favorable to them. With experience, money and knowledge, they can make as much deposit as they want as capital. They know how to grow it and they can read the market and do analysis.
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nurilham
Sr. Member
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duelbits.com
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August 12, 2021, 11:41:53 PM |
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Many newbies lose a big amount of money because they have lack knowledge and experience. Unfortunately, many of them are greedy. So, they think they can make big profits just rely on luck. In addition, some newbies invest their money just to follow the hype. They don't analyze when the right time to buy or sell, instantly buy when people say it is a good coin. When the price is decreasing, they feel afraid and sell all the coins.
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| | | . Duelbits | | | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄▄▄ | TRY OUR
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trannguyenbtc
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August 13, 2021, 03:02:24 AM |
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Probably the main reason - beginners want to get everything at once. Even when I had good deals, I did not close them in the hope of getting even more, and in the end I lost my money.
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Qirtov
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August 13, 2021, 01:00:23 PM |
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so true. most beginners are still unable to master the basics of trading even though they have learned it. Especially in terms of controlling emotions, they are still volatile with the market conditions that suddenly go up and down. Before entering the crypto world they must really understand first and at least learn to invest with small capital to hone their understanding. It might help. And they must learn to look for mistakes that have been made before so that these mistakes do not happen again
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Helpme_please
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August 13, 2021, 04:14:37 PM |
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Many newbies lose a big amount of money because they have lack knowledge and experience. Unfortunately, many of them are greedy. So, they think they can make big profits just rely on luck. In addition, some newbies invest their money just to follow the hype. They don't analyze when the right time to buy or sell, instantly buy when people say it is a good coin. When the price is decreasing, they feel afraid and sell all the coins.
lack of confidence in stepping into a problem for novice traders. when a bullrun occurs, they seem to want the price to go up continuously and don't dare to sell it because greed is in them, but when it's floating minus, they dare to hold it until the asset is reduced by more than half, but still hold on and finally decide to cut loss. things like this often happen and they can't think realistically and logically about the market
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LongStand
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August 13, 2021, 05:52:51 PM |
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Newbies lose huge money in trading because they failure to create a sound trading strategy. The other reason is that They have inability to control emotions that influence investment choices. They may not have current market expertise of buying and selling stocks. That's why they lose money in trading.
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ReiMomo
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Duelbits - $100k Bonus/week
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August 13, 2021, 07:26:09 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
New traders are tend to invest in coins where their friends invested and earned a huge profit. Mainly, in recent days, in last quarter, we could see too many investors into trading based on word of mouth spread about crypto currencies yielding good enough profit. Mainly new traders put their money on a coin when that is on its uptrend which is not appreciated. They would always fall into loss and when they see it, they just close off the trade in loss and come out as they are not used to it. Patience is the key to success in every field. Analyse the market and place your orders based on the updates on the coin one is invested.
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| | | . Duelbits | | | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄▄▄ | TRY OUR
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nurilham
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August 13, 2021, 10:42:20 PM |
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when a bullrun occurs, they seem to want the price to go up continuously and don't dare to sell it because greed is in them, but when it's floating minus, they dare to hold it until the asset is reduced by more than half, but still hold on and finally decide to cut loss.
Yes. Unfortunately, it really happens for many newbies. I think it is caused by a lack of knowledge, they don't know when the best time to buy or sell. If they have sufficient knowledge in analyzing the right time for entry or exit, they won't end with Cut Loss. I am sure after they cut loss, they probably feel afraid to invest again. Or they will try again to invest with a bigger amount of money, trying to cover the loss. But these are not the right solution.
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| | | . Duelbits | | | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄▄▄ | TRY OUR
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South Park
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August 14, 2021, 09:31:44 PM |
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My advice is that a newbie should start from investing, and only a little capital is used for trading, so I don't think you will experience a big loss. sometimes there are many novice traders who want to immediately get a lot of money without being based on sufficient knowledge. that's what causes emotional control in trading
While investing should be in theory way easier than trading at the same time it can still produce huge losses for newbies that do not really know what they're doing, and the reason for this is that while in trading you need great technical skill in order to become profitable when it comes to investing you need great emotional maturity, you cannot get scared just because the price of bitcoin is crashing and unfortunately that is not a characteristic that many newbies have, so they can still lose a fortune in the process even if they are just investing their money. Reading up some theories and apply it on real engagement to gain experience is always been a good tandem or simply its a must thing to do when you are trying to sustain yourself into this market. Losses is inevitable but with sufficient knowledge and experience then you can actually at least able to handle up yourself into this very volatile and unpredictable market. You shouldnt expect that you would get perfect trades anytime because there is no such thing for that thing to happen. Do your best to sustain and at least ending up on positive despite of the losses. Without a doubt knowledge is key regardless of your preferred method to try to earn money from the markets, however one big problem that I always see with newbies is that they are always trying to skip that step, they want to make the least effort possible and at the same time earn the most money they can, and this combination is very unlikely to be successful because there are people out there that are studying the markets as a profession and you are never going to beat them if you do not commit the same amount of effort and time that they are committing.
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Kayum10029
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August 14, 2021, 09:36:57 PM |
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For those who are completely new to trading, trading may not bring a very good result. The amount of losses is a little higher for new traders who want to get everything together.Those who are new to trading must be patient and have a very good analysis of the market or they may face losses instead of profits.
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South Park
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August 18, 2021, 11:08:44 PM |
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For those who are completely new to trading, trading may not bring a very good result. The amount of losses is a little higher for new traders who want to get everything together.Those who are new to trading must be patient and have a very good analysis of the market or they may face losses instead of profits.
A newbie trader can make profits in the markets the issue is that a great deal of them do not want to make the efforts necessary to achieve this or they do not even know how much effort is needed to become profitable, simply put newbies come with mistaken ideas about what they can accomplish thinking that everyone is going to give them money and help them to get rich when in the reality the opposite happens, every single trader is a competitor and they are not going to want to reveal their strategies to someone that has made no effort to create their own and as such they try to trade and then they lose everything and by the time they understand what happened it is simply too late to do anything about it.
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Lordshiva
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Welcome back 🙏
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August 19, 2021, 02:09:42 AM |
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Newbies are underestimating the trading world making them being over confident that they have already known what they supoosed to know after learning the basics and are putting their money in line having them all out without prior planning on how they will manage on handling their funds properly and as a result instead of gaining profits, what they gain is losses on their trading. Newbies do also lack of patience as well as experience making them having a hard time as well.
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Cherylstar86
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August 19, 2021, 03:40:32 AM |
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Newbies are underestimating the trading world making them being over confident that they have already known what they supoosed to know after learning the basics and are putting their money in line having them all out without prior planning on how they will manage on handling their funds properly and as a result instead of gaining profits, what they gain is losses on their trading. Newbies do also lack of patience as well as experience making them having a hard time as well.
Indeed. They think that trading is too simple and easy. They trade without proper knowledge about it. Newbies also lack of patience. They let their emotions control them especially when market prices are dropping or else increasing. They trade without strategies and techniques on what they do and especially they start trading in a large capital even though they are not sure about the coins they are holding. All they think is that they trade just to earn without thinking the risk.
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onyek16M
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August 19, 2021, 06:46:51 AM |
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Newbies are underestimating the trading world making them being over confident that they have already known what they supoosed to know after learning the basics and are putting their money in line having them all out without prior planning on how they will manage on handling their funds properly and as a result instead of gaining profits, what they gain is losses on their trading. Newbies do also lack of patience as well as experience making them having a hard time as well.
Indeed. They think that trading is too simple and easy. They trade without proper knowledge about it. Newbies also lack of patience. They let their emotions control them especially when market prices are dropping or else increasing. They trade without strategies and techniques on what they do and especially they start trading in a large capital even though they are not sure about the coins they are holding. All they think is that they trade just to earn without thinking the risk. yes, newbies always thinking about trade is make instant money or fast way to be rich. its actually wrong thing because of this newbies ignore about how to run with strategy, how to manage their emotion, even the risk etc newbies should be learn about coins and market conditions before really to do trade. it can be solution from lose huge money in trading
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checkmatesir
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$CYBERCASH METAVERSE
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August 19, 2021, 09:11:22 AM |
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Your point is great but i want to add some more, like the newbie thinks that they have more knowledge about trading even they don't have that much. So, the main point is that how can they going to do it? After all newbies need to learn more and more about trading first and they they should start with a small capital.
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Anamika1000
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August 19, 2021, 09:24:45 AM |
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Lack of experience leads newbies to lose because whenever they think that they entered into the market and trading is a game for them, then they lose most of the money. I see many newbies when they entered the market they think that they learned more about trading. As a result, they lost their money.
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Rexler
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August 19, 2021, 10:12:41 AM |
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It is best to learn the basics first about trading well and correctly and try to learn to read charts from experienced traders, and practicing on a demo account is also important because there you can do and learn with non-real coins. and whatever you learn doesn't mean you will become a great trader, it all requires a process and experience that will help you become a very careful trader because you learn from mistakes and losses that will not repeat the same mistakes.
I don't know Buh I think there is no demo trading for crypto, we only got that in the forest space. Sadly most newbies don't go deep into trading learning much about it, they learn the basics which could be just executing trade but there is more to crypto than just placing trades, that's what most of them don't know and they get rekt within a short period of time, I did advice strive for mastery, not only learning the basics or knowing the theory part, they should try to put their knowledge in practice by starting with a smaller capital and try growing it.
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NeverSop
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HODL
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August 19, 2021, 10:36:28 AM |
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Trading is a clear win/lose game of the day/week/month. Some people are not mature enough to understand the risk. Anyone new to the market is tempted to blind their eyes by the profit that will kill their mind. On the other hand, some people never had knowledge but went into the “future” trade to get rich overnight. Lol The ego of ambition
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Psynthax
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August 19, 2021, 02:01:49 PM |
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Your point is great but i want to add some more, like the newbie thinks that they have more knowledge about trading even they don't have that much. So, the main point is that how can they going to do it? After all newbies need to learn more and more about trading first and they they should start with a small capital.
That's being too confident with little experience of trading can be a disaster as you mentioned. It always happened a lot when the newbie is making good profit from their first trading and think that they are genius in trading and think they can make big profit if they continue doing the same. Many people are actually like this in the beginning and this succesful trading in the beginning can cause lose later because we still lack experience.
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Tigerheart3026
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August 19, 2021, 04:14:02 PM |
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most newbies just come in trade with a profit mindset at the beginning, it's their lack of knowledge in crypto trading, so they have to keep in mind it's also risky field, they did not market analysis btw targeting to big profit in one day. they're most losing in new ico coins.
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LimLims
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August 19, 2021, 04:18:37 PM |
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For those who are completely new to trading, trading may not bring a very good result. The amount of losses is a little higher for new traders who want to get everything together.Those who are new to trading must be patient and have a very good analysis of the market or they may face losses instead of profits.
How can you advice such things? How can a newbie can do good analysis? Instead you can suggest him to learn the rules and terms of trading first. And as he is a newbie so it’s better to start with small amount in order to understand the market. Hope this helps every newbie.
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ali1177
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August 19, 2021, 05:08:11 PM |
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Most newbies think that they can control the market just by thinking in the mind that's not true because this market is always work against of their thinking as they are new they have no idea about market so I will tell always follow the advice from experienced person.
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Smartvirus
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August 19, 2021, 07:03:48 PM |
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Most newbies think that they can control the market just by thinking in the mind that's not true because this market is always work against of their thinking as they are new they have no idea about market so I will tell always follow the advice from experienced person.
Your articulation and content construction is just bad and I really don't get the message your trying to pass across. Maybe because your not from an English speaking nation and as such, you result to using translator but, it wasn't a very good job from what I read here. Perhaps, you could use the actual service of a human translator other than apps. Again, advice isn't a more better way to go about trading. You can be rest assured that it helps quite alright but, trading is such a tricky thing that, what works for A is most likely not to work for B. Surprisingly, these things play out on the same chart. So, its really up to you to find and master a technique that would work through personal exposure with the market.
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livingfree
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August 19, 2021, 07:49:13 PM |
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Most newbies think that they can control the market just by thinking in the mind that's not true because this market is always work against of their thinking as they are new they have no idea about market so I will tell always follow the advice from experienced person.
The market works on its own. Well, as assumption of many newbies that they can control the market, they're losing with it. It's a battle that they'll never win at first but as time goes by, they learn and gain knowledge on it. And as per your advise, not all of the experienced person will give you good advises.
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ReiMomo
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Duelbits - $100k Bonus/week
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August 20, 2021, 06:56:35 PM |
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Lack of patience, lack of knowledge, randomly selecting coins to invest, getting stuck when market is manipulated, awaiting for a short return and etc. Many new traders come in seeing their friends earn a huge profit from a coin. They just invest on few coins without analyzing the coins. Only patience can help in trading. However, everyday, trader has to keep himself updated on whats happening in the crypto market. Any news can manipulate the market.
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AakZaki
Legendary
Offline
Activity: 2310
Merit: 1076
zknodes.org
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August 20, 2021, 07:33:37 PM |
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Your articulation and content construction is just bad and I really don't get the message your trying to pass across. Maybe because your not from an English speaking nation and as such, you result to using translator but, it wasn't a very good job from what I read here. Perhaps, you could use the actual service of a human translator other than apps.
Again, advice isn't a more better way to go about trading. You can be rest assured that it helps quite alright but, trading is such a tricky thing that, what works for A is most likely not to work for B. Surprisingly, these things play out on the same chart. So, its really up to you to find and master a technique that would work through personal exposure with the market.
Trading techniques and strategies can be built properly if you have good and correct trading knowledge. Trading is indeed a complicated thing, not only selling and buying, but in trading there will be many aspects that must be considered. Psychology also plays an important role for trading success. Most of the psychology beginners have not been trained and have the potential to panic when prices do not match expectations. Other people's suggestions are only a warning and not a mandatory reference to follow. do the analysis properly and correctly then the risk of losing more when trading will be avoided.
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kawetsriyanto
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Activity: 2226
Merit: 1086
Free Bitcoins Every Hour!
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August 20, 2021, 09:46:41 PM |
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Many new traders come in seeing their friends earn a huge profit from a coin. They just invest on few coins without analyzing the coins.
It is what we call " investing with the hype basis". Many new traders just buy the same coins that their friends ever got big profits from that coins, for example Dogecoin. I have some friends that they are newcomers in crypto space, they buy Dogecoin directly on the first day he joined crypto trading. When I asked them, why they want to buy that meme coin? They answered they want to follow Elon Musk and some artists that also invest in Dogecoin. They believe with many popular people who are related to Dogecoin, that coin will have a promising future. Well, it means they buy Dogecoin just follow the hype and no analysis of the real use of that coin.
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Om.monata
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August 21, 2021, 12:06:36 PM |
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newbie don't think long term trading. they only think about how to profit quickly and get rich in a short time. this is what causes beginners to always lose in all situations, I see the lack of experience and learning from beginners to be the initial factor why they lose any amount of money
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uelque
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August 21, 2021, 02:14:52 PM |
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Another reason why newbies lose huge amount of money during their early days is because they are putting a lot of money on a certain coin, because they want big returns. Knowing that the larger the capital, the larger the returns are if you win the trade. So most of them don't try trading small amount of money because they want to get rich immediately. They are quite impatient, and they want to see the progress of their trades few minutes after they put it in. And then now when they see the price going down in a matter of minutes, they will pull out their trade, leaving them a negative profit. Then so on continue until they huge a lot.
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Mohsin420
Jr. Member
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Activity: 69
Merit: 1
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August 21, 2021, 02:46:01 PM |
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Because newbies don't learn first about market movement and do start trading without any knowledge so this is the main reason for loss always start trading when learn market movement then we don't lose money .
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Rigon
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August 21, 2021, 03:13:22 PM |
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Those who are new to cryptocurrency go straight to trading without knowing anything, they are the only ones who lose their capital.Because they have no knowledge of cryptocurrency trading. To trade you need to have adequate knowledge of tech and know market analysis. Otherwise you will face huge losses by trading. And since the newcomers can not do market analysis. If they unknowingly buy different coins and dump the market, they lose their capital.
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RokokGudangGaram
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August 21, 2021, 03:23:27 PM |
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Many newbies lose huge money in trading simply because they just enter trading and start right away without first acquiring necessary information or skills in trading. It is naive to think that trading is easy, just a “buying and selling” but getting by and fine-tuning decisions in accordance with market movements is very tricky.
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Sollaes
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www.cd3d.app
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August 22, 2021, 04:20:47 AM |
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Of course, if you know only theory you can’t earn a lot of money just because of it. Moreover, if we talk about several months. Successful trading requires a lot of practice and a lot of time. You should learn how to predict this market, how not to be greedy. Moreover, within time you will make up a strategy that will be comfortable and profitable for you. So gain knowledge and you will become successful.
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Ebede
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Join hands and help me to grow everybody...
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August 23, 2021, 05:28:29 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
It is not only newbies that have such challenge of lost, trading is like medical book which professionals and students read every day by day, even though we practice or know the basic things of trading that is not sure that we have acquire all the knowledge of trading, from what i know for Trading transaction, no person know it all, when ever lost want to occur it occur with little mistake, so no root that shows we have make profit Everytime we trade.
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Pasa32
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August 23, 2021, 09:54:11 AM |
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Yes you are right, but i want to add something newbie didn't have trading strategies as they didn't have much knowledge about trading and one more thing that newbies have a small capital and there have more chances of losing when you didn't have with a big capital, but i would appreciate all the efforts of the newbies who start trading by their own and get succeeded.
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Masplanc
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August 23, 2021, 10:16:57 AM |
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Most times it's like that, losing of money in trading is like a normal thing. No success without loss.. it's nature
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Hendra gunawan
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The Standard Protocol - Solving Inflation
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August 23, 2021, 01:01:07 PM |
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newbies panic too easily and they don't know when is the right time to buy coins. Most of them immediately spend all their money in buying coins. This is wrong, they should buy it regularly to minimize the risk.
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Obito
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August 23, 2021, 01:39:07 PM |
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It's in the title, they put in a huge money into trading so they end up losing big time. Another reason could probably be that they have insufficient knowledge and they have no experience trading so they make expensive mistakes. This is another theory but some newbies get into trading cocky, they think that it's easy when it really isn't.
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Jilapikhamu
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August 23, 2021, 01:57:59 PM |
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Newbies Don't know what is supply and demand how crypto market work and how whales play in crypto market that's why newbies loss their money
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kram31
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August 23, 2021, 02:46:14 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
This is all true, the majority of the newbies who came up here were in a short period time of learning in crypto space, they felt that this newbie are one of the veteran or experts where in reality is not. And because of this most newbie got loss due to their lack of knowledge, arrogant and always in a hurry to earn in a quickest way.
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Rb48
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August 23, 2021, 05:05:04 PM |
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newbie When they start trading, they start training without knowing anything about this trading.That's when they lost their profits. Because when buying coins you have to do adequate analysis and know the signal.But as soon as the newbie arrive, they do not follow any signal and buy tokens without market analysis and later lose their profits if the market is dumped.
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South Park
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August 23, 2021, 05:20:54 PM |
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Newbies are underestimating the trading world making them being over confident that they have already known what they supoosed to know after learning the basics and are putting their money in line having them all out without prior planning on how they will manage on handling their funds properly and as a result instead of gaining profits, what they gain is losses on their trading. Newbies do also lack of patience as well as experience making them having a hard time as well.
And this is what I do not understand, many newbies are using their savings to trade the markets and if they lose their money then they are going to face some difficult consequences at home and even then they do not take the time to study the markets because they think they are going to make some really easy money and this could not be further from the truth, so I am always wondering what are they thinking? As by not studying the markets they are guaranteeing they will never make any money in them.
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LongStand
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August 23, 2021, 05:51:48 PM |
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Newbies didn't know about trading strategies as it is really important for every trader to know about the basic trading strategies. In fact, the newbies didn't have much knowledge about trading, and they didn't know how to analyze the coin. Furthermore, with having a less knowledge, no trader can get the profit.
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xmonkeyx
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August 23, 2021, 06:48:55 PM |
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Many of the beginners expect more so make their own mistakes because of the greed to want to get a lot of profit. but I think it should happen because it can be used as experience in trading for the future. It's better to make mistakes at the beginning so you can learn valuable lessons from experience.
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Hamphser
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August 23, 2021, 07:27:51 PM |
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Many of the beginners expect more so make their own mistakes because of the greed to want to get a lot of profit. but I think it should happen because it can be used as experience in trading for the future. It's better to make mistakes at the beginning so you can learn valuable lessons from experience.
They wont make any learnings if they wouldnt experience those unfortunate conditions although it isnt really that needed but its unavoidable because being a noob would most likely commit out mistakes due to lack of knowledge and experience but on the time that they do able to face up those conditions then they would tend out to learn up something from that and this is where people do become more better and better. It isnt really much that needed for you lose before you do learn because you can make out things without minding that you should lose. Always having that mindset that you should minimize risk as small as possible.
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Qikiye
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Bisq Market Day - March 20th 2023
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August 23, 2021, 11:12:51 PM |
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Many of the beginners expect more so make their own mistakes because of the greed to want to get a lot of profit. but I think it should happen because it can be used as experience in trading for the future. It's better to make mistakes at the beginning so you can learn valuable lessons from experience.
Not only newcomers will face losses in the bitcoin market, but also those who have experienced old trades will face losses. So the tolerance limit is not extra people in cryptocurrency You have to invest and trade.
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Pasa32
Member
Offline
Activity: 140
Merit: 12
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August 27, 2021, 11:05:20 AM |
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Lack of knowledge and some other lack of abilities leads newbies to loss. Whenever there are some of the trading strategies are performed by newbies even if they didn't know much about trading then there will be more chances of making mistakes and you know really well that in trading mistakes often leads you to loss.
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Benefactor
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August 27, 2021, 03:31:24 PM |
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In the event that you don't approach it in a serious way to keep away from misfortunes, you don't have a thought when it comes exchanging your cash. So it involves timing and not getting that additional benefit from a green market. Information helps yet less if the above is significant for your crate of computerized resources.
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celot
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August 27, 2021, 04:34:22 PM |
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Becoming a trader requires good analysis. Know which coins will be prospects later. And what is certain is that it is not just a matter of knowledge that sometimes makes us fail in trading, but from a lack of calm, emotion and panic. This is the most fatal , if the coin price drops a little they can not think straight . even though the ups and downs of coins is a natural thing.
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South Park
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August 27, 2021, 09:17:54 PM |
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Lack of knowledge and some other lack of abilities leads newbies to loss. Whenever there are some of the trading strategies are performed by newbies even if they didn't know much about trading then there will be more chances of making mistakes and you know really well that in trading mistakes often leads you to loss.
Too much greed and lack of introspection are other reasons why newbies lose so much money when they trade, newbies want to earn a lot of money in the markets and that is understandable however they want to do so without taking any time to study the markets and this does not make sense, how they can hope to beat the other traders that do take the time to study the markets? By luck alone? Because that is not going to be enough to bet those master traders, and as such they end up making dumb mistakes that cost them money that is impossible for them to ever recover.
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Kayum10029
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August 28, 2021, 11:51:50 PM |
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Analyzing the reasons, it is seen that most of the newcomers invest in scam projects. They do not have the mindset to be patient. Think the first investment will become rich overnight. Very new Traders don't know about the updated news of the project so if they change the token platform later, they will incur huge losses.
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globalpain
Full Member
Offline
Activity: 1260
Merit: 103
The OGz Club
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August 29, 2021, 04:28:09 AM |
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Analyzing the reasons, it is seen that most of the newcomers invest in scam projects. They do not have the mindset to be patient. Think the first investment will become rich overnight. Very new Traders don't know about the updated news of the project so if they change the token platform later, they will incur huge losses.
I think the mindset of getting rich in a short time should be removed, whether trading or investing the key is to be patient besides analyzing and doing research is also important, what is clear is that beginners must learn and increase their knowledge about anything related to cryptocurrencies
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lenovop-70
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August 29, 2021, 04:40:06 AM |
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Newbies usually think about profit, not how big the risk is when they are enter the market. And it is not easy to change the mindset like that, it will take a long time unless they have the right basis in carrying out activities in the market. The role of a mentor is needed to form a good newbie mentality in trading, and it will make them not lose a lot of money in learning.
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Issa56
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August 29, 2021, 10:45:01 PM |
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I believe there are lot's of reasons why novice lose money not only thinking about knowing all. Must of them don't really know about cryptocurrency they believe if they just buy coin they are expecting profit immediately which is not like that sometimes if you buy a coin correction might happen which a coin will drop a little bit or the price might not increase immediately so if the price drop most of them will panic and sell off the coin which they sold at lost. Mostly newbies don't always know when to enter a coin and when to exit the market which also lead to lost of money.
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Cherylstar86
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August 30, 2021, 04:49:50 AM |
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Newbie When it comes to trading platforms they guess all the coins By sale. They travel by guess without any market analysis and start buying by sale. Once the market declines, they become frustrated.If the futures trading platform goes away, they will lose all their capital.In fact, the first reason is that they have no idea about cryptocurrency trading. And because they have no idea, they lose all their capital at some point.
Newbies lose huge amount of money it is because they can't control their emotions once prices started on increasing. Losing money in trading is not just newbies problem, expert also experience this when they do wrong things or move. Newbies also don't have strategies since they are new, they don't know how to read market and they start on buying when prices are too huge to buy. Since trading is very risky, newbies needs to know everything about it, they need to have patience and learn to read market for them to have their own strategies and for them to know what to do especially market prices is not stable and have lots of changes sometimes.
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Byaako
Newbie
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Activity: 5
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August 30, 2021, 06:17:06 AM |
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A beginner, of course, needs to take steps gradually and thereby gain momentum and experience.
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sumant
Copper Member
Jr. Member
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Activity: 770
Merit: 1
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August 30, 2021, 06:55:11 AM |
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Not newbies sometimes a good experience trader losses huge money in trading. New traders don't have too much experience. When they see a quality coin chart they try to view that they can do it and if this don't happens in sometimes they sell their trade and take loss. We can say newbie has to control their emotion in early days and learn some basics about trading
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New.in.trading
Member
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Activity: 211
Merit: 20
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August 30, 2021, 07:15:21 AM |
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One of the main reasons for ppl to lose money trading btcusd is they dont trade, they dont analyse, they just throw a big chunk of money into the markets and expect it to double or tripple. And only after losing a shitload of money, they step back and try to understand what actually happened. Problem is, at that time, they lost a big chunk of their savings, because they did not look at what they are investing in, in the first place. Its like just betting on a win of a team in a sport you dont know how it works. You would not do that. And even if, you would not put all you money in it, because that would be stupid, right? In trading I have witnessed that many times, unfortunately and ppl dont want to listen...
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rosemariefrancis
Newbie
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Activity: 36
Merit: 0
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August 31, 2021, 07:07:50 AM |
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Also a trading strategy is very important @New.in.trading Jumping into trading without a trading strategy will only make people lose money. I’ve seen many of the newbies making mistakes, losing money and then learning from their experience. I can’t stress the importance of approaching trading systematically with the right approach. You can’t risk making all the mistakes yourself.
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livingfree
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August 31, 2021, 07:52:56 AM |
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A beginner, of course, needs to take steps gradually and thereby gain momentum and experience.
It is easy to say those but with the actual application, it's hard to gain that momentum because a newbie might not know if that's the momentum that he has been waiting for. And having that said, they're losing as they trade because of that other factor.
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MIner1448
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Activity: 938
Merit: 13
Tontogether | Save Smart & Win Big
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August 31, 2021, 11:34:16 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
In any case, beginners need to go through the loss of money, this is inevitable in my opinion, only here it is necessary to minimize their losses due to the acquisition of skills and knowledge in trading, why do I write that it is necessary to go through the loss of their money? .. I have not met any one trader who did not lose his investments, especially novice traders, another question is to draw conclusions on such transactions and move on.
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LimLims
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August 31, 2021, 01:07:30 PM |
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A beginner, of course, needs to take steps gradually and thereby gain momentum and experience.
2 lines and very meaningful. But i would like to add more contrast here. As a newbie it’s always mandatory to understand the eco system first. Without understanding the markets if you invest then you will definitely fall on losses. Whereas if you are a good trader and newbie then invest small amount and see how it works. And don’t forget to choose the best coins to trade.
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New.in.trading
Member
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Activity: 211
Merit: 20
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August 31, 2021, 01:14:33 PM |
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Also a trading strategy is very important @New.in.trading Jumping into trading without a trading strategy will only make people lose money. I’ve seen many of the newbies making mistakes, losing money and then learning from their experience. I can’t stress the importance of approaching trading systematically with the right approach. You can’t risk making all the mistakes yourself.
Very good point! Most beginners simply jump in trading btcusd because media tells them there are huge gains possible. Or because some internet douche told them about quick money. The main problem is that many ppl really throw in a big chunk of their savings, right at the beginning, when they dont know nothing about trading, or cryptos. Then they loose, and then "trading is scam". Its like you have never seen water, but you have seen a pro surfer styling in the waves. And next thing you grab a surfboard and paddle out in the ocean... Guess what happens
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Kimonoe
Member
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Activity: 700
Merit: 10
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August 31, 2021, 01:58:36 PM |
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most of them trade forcing their will, which in fact do not have good trading knowledge, but they impose by using large capital. and finally they are trapped in a psychological game that will bring destruction by experiencing heavy losses. therefore we do not forbid a newbie to learn trading, but at least it is balanced by investing in safe coins
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globalpain
Full Member
Offline
Activity: 1260
Merit: 103
The OGz Club
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August 31, 2021, 07:44:20 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
In any case, beginners need to go through the loss of money, this is inevitable in my opinion, only here it is necessary to minimize their losses due to the acquisition of skills and knowledge in trading, why do I write that it is necessary to go through the loss of their money? .. I have not met any one trader who did not lose his investments, especially novice traders, another question is to draw conclusions on such transactions and move on. I believe every trader and investor must have experienced losing money and it seems impossible not to lose money at all, when we experience that I think there are only two choices whether to continue forward or backward, what is clear when we lose money we can analyze it so that later we will not repeat the same thing
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South Park
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August 31, 2021, 09:56:02 PM |
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Analyzing the reasons, it is seen that most of the newcomers invest in scam projects. They do not have the mindset to be patient. Think the first investment will become rich overnight. Very new Traders don't know about the updated news of the project so if they change the token platform later, they will incur huge losses.
This is because they do not really have the mentality of an investor, and investor is very patient and they let the opportunity come to them instead of the other way around, and if that means that they need to analyze hundreds of coins before investing in one then so be it, but a newbie investor invest in whatever has the most hype and it is popular in social media and it is obvious that someone with that kind of mentality is never going to become successful at being a trader.
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Lanatsa
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August 31, 2021, 10:59:38 PM |
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Analyzing the reasons, it is seen that most of the newcomers invest in scam projects. They do not have the mindset to be patient. Think the first investment will become rich overnight. Very new Traders don't know about the updated news of the project so if they change the token platform later, they will incur huge losses.
This is because they do not really have the mentality of an investor, and investor is very patient and they let the opportunity come to them instead of the other way around, and if that means that they need to analyze hundreds of coins before investing in one then so be it, but a newbie investor invest in whatever has the most hype and it is popular in social media and it is obvious that someone with that kind of mentality is never going to become successful at being a trader. Not all start on being a pro and we do all come from being a noob and losses is inevitable but doesn't mean that we wouldn't able to upgrade or enhanced ourselves on trading. It does only need a matter of time and effort because not everyone will really fit out on trading career.Some might be good at and some wont really bother or wont really be that fine on this manner. Losses is part, what matter most is that you still profit despite of those losses.
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john_nautica
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September 01, 2021, 03:31:49 AM |
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It's because they are newbies and yet they invest huge amount of money, if you are new to something you wouldn't risk something big if you are not familiar with it. It's like a gambling not a trading, newbies should not invest huge amount of money immediately but only an amount they can afford to lose and it's just their exploring time on the exchange and once they are familiar with it, then they can now invest huge amount of money.
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Masplanc
Member
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Activity: 798
Merit: 34
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September 01, 2021, 11:13:24 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
You are right , and they are too desperate to make earnings. They do not want hold on to know more.. they want to make money over night
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GranitXhaka98
Newbie
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Activity: 7
Merit: 0
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September 02, 2021, 03:06:23 PM |
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The newbies lose a huge amount of money because they think the crypto space is a get rich quick scheme. They tend to trade their emotions leaving their analysis behind. Due to impatience some lose a huge amount of money and get frustrated along the line. Lack of mentorship always contributes a great loss for the newbies
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bandungan
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September 02, 2021, 03:12:29 PM |
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Beginners are included in a practicum but without understanding analysis and theory. here we can see a novice trader only looking at information without studying in more detail, from here we can conclude that this is what underlies beginners to lose. they don't know the market conditions and they don't understand the trading scheme well. trading is not only based on capital and courage but management techniques, basic techniques, analytical techniques and many more techniques that must be mastered by a trader.
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Smitty Werben Man Jensen
Full Member
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Activity: 1568
Merit: 100
COMBONetwork
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September 02, 2021, 07:38:44 PM |
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Beginners are included in a practicum but without understanding analysis and theory. here we can see a novice trader only looking at information without studying in more detail, from here we can conclude that this is what underlies beginners to lose. they don't know the market conditions and they don't understand the trading scheme well. trading is not only based on capital and courage but management techniques, basic techniques, analytical techniques and many more techniques that must be mastered by a trader.
Here I think knowledge has an important role because when there is information we must really understand, In addition, in trading the risk of losing money is very large, especially for beginners, so it's better before jumping into trading, beginners must prepare themselves first
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dunfida
Legendary
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Activity: 3080
Merit: 1131
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September 02, 2021, 07:46:33 PM |
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Beginners are included in a practicum but without understanding analysis and theory. here we can see a novice trader only looking at information without studying in more detail, from here we can conclude that this is what underlies beginners to lose. they don't know the market conditions and they don't understand the trading scheme well. trading is not only based on capital and courage but management techniques, basic techniques, analytical techniques and many more techniques that must be mastered by a trader.
Here I think knowledge has an important role because when there is information we must really understand, In addition, in trading the risk of losing money is very large, especially for beginners, so it's better before jumping into trading, beginners must prepare themselves first Knowledge and skills would always be the key and not only into this trading career but also in other things as well because you wont really be making yourself effective if you dont have these kind of qualities or factors. How you would able to gain these things? This is through real experience.There's no other way or path to shortcut and you cant gain these things through context or reading up theories. Losses are part of the learning curve and you should realize on that. Dont easily give up when you do lost but rather study on where you had committed a mistake and this is where you do make yourself way more better.
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South Park
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September 05, 2021, 06:24:13 PM |
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Analyzing the reasons, it is seen that most of the newcomers invest in scam projects. They do not have the mindset to be patient. Think the first investment will become rich overnight. Very new Traders don't know about the updated news of the project so if they change the token platform later, they will incur huge losses.
This is because they do not really have the mentality of an investor, and investor is very patient and they let the opportunity come to them instead of the other way around, and if that means that they need to analyze hundreds of coins before investing in one then so be it, but a newbie investor invest in whatever has the most hype and it is popular in social media and it is obvious that someone with that kind of mentality is never going to become successful at being a trader. Not all start on being a pro and we do all come from being a noob and losses is inevitable but doesn't mean that we wouldn't able to upgrade or enhanced ourselves on trading. It does only need a matter of time and effort because not everyone will really fit out on trading career.Some might be good at and some wont really bother or wont really be that fine on this manner. Losses is part, what matter most is that you still profit despite of those losses. It is true that no one is born an expert and that you need time before this happens, but what do you do during that time is going to determine if you become successful or not, many newbies do not study the markets or acquire skills that improve their chances of selecting the right coin, so by the time they got some skills through experience the capital they have is simply too low as they have been scammed too many times already, and without money it does not matter how much you know about the market, you have no way to take advantage of that knowledge.
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Slow death
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September 05, 2021, 10:04:44 PM |
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I don't understand why many people think that only beginner trading loses a lot of money, there are many trade professionals who lose a lot of money in the market and end up frustrated and give up trading and start creating channels on youtube and selling courses to earn money, the more The sad thing about all this is that they are lying that those who lose a lot of money are a novice trade while he who considers himself a professional trade is not earning much money, he earns money selling courses and with a youtube channel.
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floridafranks
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September 06, 2021, 10:35:36 AM |
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I guess this thread is everything that a novice should read and understand, that trading is nothing as they read or listen. It's a battlefield between your emotions and strategies. Most of the newbies lose 90% of their money in the first month or so because of lack of practice and market study. They pay no attention to entry or exit points, they just follow a trader with some successful trades and lose most of their money just because they wanted to earn quick money.
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Hobo66
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September 07, 2021, 04:32:51 PM |
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It is clear that at the first time when an investor begins trading, there are some hurdles in trading because it is a new thing, and they don't have prior experience of trading. Also, they don't have tolerance, and they totally depend on feelings. They can't bear to lose, and can't wait for the price of coin to go up. So they sell coin at low price. Therefore, the newbies lose huge amount of money in trading.
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Evgenklm
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September 07, 2021, 05:43:22 PM |
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The problem for beginners is that they can easily watch enough videos of scammers who show how easy it is to trade cryptocurrency and earn money, but in fact, this is a huge work, where you need certain skills acquired with years of experience in trading.
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Smitty Werben Man Jensen
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COMBONetwork
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September 07, 2021, 08:14:19 PM |
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It is clear that at the first time when an investor begins trading, there are some hurdles in trading because it is a new thing, and they don't have prior experience of trading. Also, they don't have tolerance, and they totally depend on feelings. They can't bear to lose, and can't wait for the price of coin to go up. So they sell coin at low price. Therefore, the newbies lose huge amount of money in trading.
Here we can see experience is also an important thing in trading, when beginners lose big enough money for the first time, of course, we use this as evaluation material for the future so that they will not repeat the same mistakes
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DarkDays
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September 07, 2021, 09:42:49 PM |
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It is clear that at the first time when an investor begins trading, there are some hurdles in trading because it is a new thing, and they don't have prior experience of trading. Also, they don't have tolerance, and they totally depend on feelings. They can't bear to lose, and can't wait for the price of coin to go up. So they sell coin at low price. Therefore, the newbies lose huge amount of money in trading.
Here we can see experience is also an important thing in trading, when beginners lose big enough money for the first time, of course, we use this as evaluation material for the future so that they will not repeat the same mistakes Yes, experience is important but to me what seems to be the main reason fro coming out with a loss is the i mpatience. People enter markets with the mentality that they can make easy money because so and so did it, but of course, it doesn't work that way at all. So not taking the time to understand the markets leads people to sell at bad times, because they don't have enough patience or exit strategies in place and go with the flow instead.
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Fredomago
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Leading Crypto Sports Betting & Casino Platform
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September 07, 2021, 10:39:08 PM |
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It is clear that at the first time when an investor begins trading, there are some hurdles in trading because it is a new thing, and they don't have prior experience of trading. Also, they don't have tolerance, and they totally depend on feelings. They can't bear to lose, and can't wait for the price of coin to go up. So they sell coin at low price. Therefore, the newbies lose huge amount of money in trading.
Here we can see experience is also an important thing in trading, when beginners lose big enough money for the first time, of course, we use this as evaluation material for the future so that they will not repeat the same mistakes Yes, experience is important but to me what seems to be the main reason fro coming out with a loss is the i mpatience. People enter markets with the mentality that they can make easy money because so and so did it, but of course, it doesn't work that way at all. So not taking the time to understand the markets leads people to sell at bad times, because they don't have enough patience or exit strategies in place and go with the flow instead. Having that wrong impressions made a lot of people to lose their money when they first try this business. Not taking time to investigate and do some research before riding in. Those who are good at dealing with their education regarding to the business that they are taking will allow these losses as experienced to learn deeper, while for those impatience people they will just move forward and forget about their participation in this industry. Else, they will cry out and call this market a scam or a ponzi type business. You need to consider all the possible influenced before you conclude your actions.
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Bagong91
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September 08, 2021, 04:28:56 AM |
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No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
follow what you see and not what you think about the market, maybe these words are right for new traders, because what we think or expect is not in accordance with market conditions.
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suryana
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Trphy.io
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September 08, 2021, 12:11:30 PM |
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It's not just failing, it's just that losing money in coaching is a very valuable lesson. There we finally have experience and can analyze what causes failure. When trading knowledge is possessed, it could be due to panic and emotion when prices are trending down, they are in a hurry to sell their assets. This is one of the things that make us losers.
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checkmatesir
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$CYBERCASH METAVERSE
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September 08, 2021, 02:56:00 PM |
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Off course many of the newbies trader don't know how to trade, some of them think that it is just like gambling which is really a wrong thing in my opinion. And another thing i want to share is that newbie after entering into then trading area, they thought that they had learn all the things which is a wrong thing.
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Barinekapaul
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September 08, 2021, 03:54:33 PM |
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People mostly first-timers lose a lot of money and capital when they trade in the different trading floors because, Trading is experienced stuff and not merely what is learned and study, but it is what is practice on daily basis. This complements the saying that practice makes perfect or improvement. It is advisable that after learning the process you should also give the process sometimes to be a part of you {Master}, then, you can achieve more from trading and avoid the loss of huge amounts which are mostly your capital.
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elisabetheva
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September 09, 2021, 04:38:46 AM Last edit: September 09, 2021, 06:31:21 AM by elisabetheva |
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Off course many of the newbies trader don't know how to trade, some of them think that it is just like gambling which is really a wrong thing in my opinion. And another thing i want to share is that newbie after entering into then trading area, they thought that they had learn all the things which is a wrong thing.
it is clear to all novice traders, it can be ascertained that what you say is clearly true, that they still like to guess and do not study the nature and situation of trading, and often jump right in without seeing the impact that will happen later, of course as a beginner it is normal. but there are also beginners who don't jump right in but first learn correctly. do analysis correctly so as to avoid things that can later be detrimental. once again it just depends on the person himself, although there are more beginners who make mistakes, but it can't be equalized.
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South Park
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September 09, 2021, 09:38:26 PM |
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Analyzing the reasons, it is seen that most of the newcomers invest in scam projects. They do not have the mindset to be patient. Think the first investment will become rich overnight. Very new Traders don't know about the updated news of the project so if they change the token platform later, they will incur huge losses.
it is these scam projects that usually have a more convincing system for deceiving beginners. beginners do not think about and analyze in detail. and sometimes fraudulent projects have a more convincing level of promotion than real projects. so this should be on the lookout for beginners This is something very common, good developers do not have all the time in the world to promote their projects as they are working to improve it, so many times people ignore those projects as they think they have nothing going on for them, however scammers since they are not developing anything have all the time in the world to convince people to invest with them, as most people do not stop to wonder how those people can spend so much time promoting their project and do not seem to spend a single second of their time to actually advance the code of the project at all.
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haasanjui
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September 10, 2021, 05:18:46 PM |
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Newbies are not experienced and there is no one who suggest them and then they invest in any coin without any research and knowledge then They become a victim of scam and also be a victim of dip price lose money.
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cosanostra98
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September 11, 2021, 06:12:21 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
because new investors always cut their losses too high and take profits too low. Setting the RR ratio is not beautiful and easy to fomo.
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Mr.Scott
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September 11, 2021, 06:31:54 AM |
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Newbies are not experienced and there is no one who suggest them and then they invest in any coin without any research and knowledge then They become a victim of scam and also be a victim of dip price lose money.
Actually, the main villains are the cryptocurrency traders who own a substantial portion of the total available cryptocurrency. Whales can manipulate both buy walls as well as sell walls, causing complete disaster to those just entering the market. It is a common occurrence in the market that someone will lose and others will profit.
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Zanab247
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★Bitvest.io★ Play Plinko or Invest!
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September 11, 2021, 07:11:38 AM |
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The reason why newbies lose huge money in trading is in the following: 1. Short cut: No short cut in trading. Many newbies want to make quick money by taking a short cut not knowing that they are heading to failure. 2. Lack of personal research: They don't take time to carry out their personal research to know how the market will look like before trading. 3. Lack of facilitator: Many newbies feel they know it all in the areas of trading. It hard them to spend more time with their mentor.
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otundebis
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September 11, 2021, 07:04:39 PM |
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Losing is not synonymous with newbies traders alone, even the more experienced traders do lose as well! Cryptocurrency market is unpredictable and volatile! The outcome is always 50/50 so, the probability of losing is always there! The more you trade, the more you sharpen your trading skills! The ability to predict and speculate more accurately will serve you well and those ability comes with experience.
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NewRanger
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September 11, 2021, 10:59:40 PM |
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Off course many of the newbies trader don't know how to trade, some of them think that it is just like gambling which is really a wrong thing in my opinion. And another thing i want to share is that newbie after entering into then trading area, they thought that they had learn all the things which is a wrong thing.
most of them lack of knowledge while start trading in crypto market so easy for them to suffer loss. without any knowledge in crypto market was be fool action , we will spend our money to useless thing except we didnt give up till get our success in this worl. Losing is not synonymous with newbies traders alone, even the more experienced traders do lose as well! Cryptocurrency market is unpredictable and volatile! The outcome is always 50/50 so, the probability of losing is always there! The more you trade, the more you sharpen your trading skills! The ability to predict and speculate more accurately will serve you well and those ability comes with experience.
our trading skill was form by mistake in the past and if we make alot trades so take every mistake here and it will be important lesson for us.
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CaVO32
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September 11, 2021, 11:08:57 PM |
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Off course many of the newbies trader don't know how to trade, some of them think that it is just like gambling which is really a wrong thing in my opinion. And another thing i want to share is that newbie after entering into then trading area, they thought that they had learn all the things which is a wrong thing.
most of them lack of knowledge while start trading in crypto market so easy for them to suffer loss. without any knowledge in crypto market was be fool action , we will spend our money to useless thing except we didnt give up till get our success in this worl. Losing is not synonymous with newbies traders alone, even the more experienced traders do lose as well! Cryptocurrency market is unpredictable and volatile! The outcome is always 50/50 so, the probability of losing is always there! The more you trade, the more you sharpen your trading skills! The ability to predict and speculate more accurately will serve you well and those ability comes with experience.
our trading skill was form by mistake in the past and if we make alot trades so take every mistake here and it will be important lesson for us. This is very true, without experience we won't accumulate those tips and tricks along the way. We can't enter in this market perfect. Experts don't have their status right now without experiencing any previous loss. Also, in this market, every coin is different. So you can't pattern your trading movement to others. You need to at least get idea what's going on with the coin itself, so you are not blindly trading them.
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Mamun74
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September 12, 2021, 03:40:07 PM |
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Many newbies lose huge money in trading. Then want to Quick money in short time but they Don't know good experience and failure. When you start trading then you need to patience and also need to control your emotion.Newbies trader, They don’t know update news about project and they sell low price and loses huge money.
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geegaw
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September 12, 2021, 03:51:28 PM |
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Many newbies lose huge money in trading. Then want to Quick money in short time but they Don't know good experience and failure. When you start trading then you need to patience and also need to control your emotion.Newbies trader, They don’t know update news about project and they sell low price and loses huge money.
They are just deliberately not updating because this century is a world of digital technology and information about bitcoin and thousands of other altcoins is everywhere, no matter how poorly they really are, this forum is not a place that lacks popularity and is easy to ignore, besides, Youtube also has a lot of traders who are generous to share what they receive on a daily basis, from topics of world influence to insider news. Newbie needs to ignore childishness and give up waiting for advice like studying at school
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ene1980
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September 12, 2021, 10:17:33 PM |
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Anyone can lose money either old or newbie. There are so many reasons why this usually happen. Losses are inevitable as a trader, but the important message to take Home is not to be pressured to recover lost trades It depends upon what cryptocurrency you invest, if you are an investors who invest in new projects then the risk of investment is really high because the chances of success are limited and it depends upon the team behind it. If you are talking about Bitcoin or any other established coins in the market then it is a completely different story. Just follow the basics of not selling the coins at a loss and if anyone could follow that trading practices then he will not sell at a loss.
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Peanutswar
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Top Crypto Casino
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September 13, 2021, 07:24:56 AM |
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There are tons of newbie would like to join into the world of trading because of different advertisement they saw that even the known personalities tried to make an investment too but there's a lot of things need to consider such as knowledge in technical analysis, market graph, patterns and etc. The best thing is always make research about trading and try if you think you're already risking your money. Trade you afford to lose not all the time we win in trades.
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kapalmabur
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September 13, 2021, 07:37:10 AM |
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Anyone can lose money either old or newbie. There are so many reasons why this usually happen. Losses are inevitable as a trader, but the important message to take Home is not to be pressured to recover lost trades
That's true and that's why it's not easy to make money in trading or investing, every trader must have experienced a loss or lost money and I think we can use things like that as a lesson for the future so as not to repeat the same mistakes
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LimLims
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September 14, 2021, 02:19:28 AM |
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Anyone can lose money either old or newbie. There are so many reasons why this usually happen. Losses are inevitable as a trader, but the important message to take Home is not to be pressured to recover lost trades
This is easy to say, but hard to experience. And yes this happens with almost all the newbies. The veteran trader has already experienced it. So they make less losses then the newbies. As i have already said, the newbies lack experience, which becomes bane for themselves and for which they make heavy losses. They can’t make right decision while choosing the coins and right moment to sell or buy it. For this all the newbies that comes to trading make huge loss in trading.
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djgtr
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September 14, 2021, 11:24:11 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
I agree on that most of the newbies wanted to earn fast, they always think about the money first before searching for the good strategy on how to trade. That is why most of the newbies in trading loss a huge amount of money, before we start in trading we need to study first about it, stay in fucos on how to trade in a proper way before thinking about profit.
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cryp24x
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September 14, 2021, 06:46:08 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Newbies most of the time when they get to learn the basic here in cryptocurrency, for them it is enough maybe to their mind to earn here quickly. But their thoughts deceived them, due to lack of knowledge and greediness, and in that way they supposed to be know that there is no shortcut here in this type of business.
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South Park
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September 15, 2021, 07:21:23 PM |
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Many newbies lose huge money in trading. Then want to Quick money in short time but they Don't know good experience and failure. When you start trading then you need to patience and also need to control your emotion.Newbies trader, They don’t know update news about project and they sell low price and loses huge money.
The issue is that there are differences among newbies, the minority of newbies understand that the market is complex and they study the markets for months and test their strategy to see if it works and they only begin to trade once they are 100% sure they can earn money, the majority of the newbies however are not like this, they think they can earn money easily and then get mad when they find out that other traders can earn money, their money easily, but they cannot do the same as they lack the correct tools to do so.
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matchi2011
Sr. Member
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Buy $BGL before it's too late!
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September 15, 2021, 07:47:25 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Newbies most of the time when they get to learn the basic here in cryptocurrency, for them it is enough maybe to their mind to earn here quickly. But their thoughts deceived them, due to lack of knowledge and greediness, and in that way they supposed to be know that there is no shortcut here in this type of business. Greediness mostly the cause of being deceived, thinking the market is just an easy venue to make decent earnings, Newbies are mostly invited by friends of relatives who know how the drill, out of curiosities newbies wanted to see same outcomes, they don't take extra time to first learn how the market work and what are the pro and con. Wrong impressions and greediness lead them to lose and take them out form this business.
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yohananaomi
Sr. Member
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Activity: 2366
Merit: 267
Vave.com - Crypto Casino
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September 16, 2021, 03:33:56 AM |
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Many newbies lose huge money in trading. Then want to Quick money in short time but they Don't know good experience and failure. When you start trading then you need to patience and also need to control your emotion.Newbies trader, They don’t know update news about project and they sell low price and loses huge money.
all of them will initially do things that can always be guaranteed to deviate from what has been learned and known, maybe even updated though. it's only natural, that's why many beginners will definitely experience losses in trading. but many are also able to be able to control themselves to be careful and do with smaller prefixes and do not intend to go straight with big values. but mistakes are the key to success in the future because if those who understand it will not make mistakes a second time. The issue is that there are differences among newbies, the minority of newbies understand that the market is complex and they study the markets for months and test their strategy to see if it works and they only begin to trade once they are 100% sure they can earn money, the majority of the newbies however are not like this, they think they can earn money easily and then get mad when they find out that other traders can earn money, their money easily, but they cannot do the same as they lack the correct tools to do so.
once again everyone who is in crypto and trades will experience it, even though he has studied it well and correctly according to what is known. but experience cannot deceive the situation. That's why most beginners will certainly stumble with the same problem because they are too confident and impatient, so they experience losses. True beginners will certainly start with small things to avoid loss problems. Once again mistakes are the best learning not to make the same mistakes.
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juliepower
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September 16, 2021, 06:11:34 AM |
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Newbies lose huge money in trading because their plans are in greedy way they want to quick earning and that's why thier plans are making according to their thoughts and the second most important losing money is lack of knowledge they put all money in investment without having a great knowledge and also they are not updated about Bitcoin.
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MiF
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September 16, 2021, 08:28:50 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
We all wanted to earn but most of the newbies are really different they wanted to earn in a very quick way, without knowing that being rush in every decision in trading may lead them to losing a big amount of money. So if you are a newbie you need to be more careful on making a decision you need to look for some good strategy first before looking for big profit, always think about how to make a perfect trade before looking for a perfect or big profit.
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sumant
Copper Member
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September 16, 2021, 12:49:46 PM |
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I think newbies want to make quick money. They don't have too much experience about trading. They see the coin all time high and thinking about their calculate their money. Because of this when coin falls from their buying price they will definitely going to sell that coin and purchased another coin. That's happening with them regularly and their balance is almost out of control. I have experienced same but now before buying we should know about project very deeply.
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yohananaomi
Sr. Member
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Activity: 2366
Merit: 267
Vave.com - Crypto Casino
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September 17, 2021, 11:02:43 AM |
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Newbies lose huge money in trading because their plans are in greedy way they want to quick earning and that's why thier plans are making according to their thoughts and the second most important losing money is lack of knowledge they put all money in investment without having a great knowledge and also they are not updated about Bitcoin.
It seems that greed in trading is not only the property of a beginner but a long time person is the same, the only difference is knowledge in anticipation. The longer people are involved, the longer they will be able to analyze well, this will not happen for beginners, even beginners are sometimes more daring to innovate which actually becomes a blunder. I agree that the knowledge that ultimately distinguishes between beginners and the old and the old ones can control their patience and don't panic in all their actions, yes .... because they have experienced bad things in the past. but if you invest in bitcoin there is nothing to be afraid of because after every halving, where once every 4 years, it is certain that bitcoin will reach renewable ATH, which is feared by investing in altcoins which may not exist in the stock market in the future.
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LUCKMCFLY
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Leading Crypto Sports Betting & Casino Platform
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September 17, 2021, 02:48:06 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Newbies most of the time when they get to learn the basic here in cryptocurrency, for them it is enough maybe to their mind to earn here quickly. But their thoughts deceived them, due to lack of knowledge and greediness, and in that way they supposed to be know that there is no shortcut here in this type of business. Sometimes when newbies begin to know many strategies, learn technical analysis, and have at least 2 or 3 plans that have been tested by other traders, their biggest mistake is to believe that the market moves based on what they think. or believe that the market moves based on technical indicators, many also pay academies where they are taught only technical analysis and believe that when they leave the study they have everything they need to get rich, and they begin to operate and that is where the biggest failure, because they think they know everything about the market.
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Rehan Zakir
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September 17, 2021, 05:05:57 PM |
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Because they did not know how to trade. Newbies take trades without doing any technical analysis or fundamental analysis. Without doing analysis, trading is very dangerous and that's why the newbies lost their money in trading. So, first learn and then take any action. Don't take any action without knowledge. It's an advice for you.
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doremonchina
Jr. Member
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Activity: 210
Merit: 1
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September 17, 2021, 06:27:26 PM |
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Main problem of loss of new member in crypto is not proper learning system becouse crypto is not a game of children's if any one interested in this fueld that first keep patient becouse patient is very necessary in crypto.
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South Park
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September 19, 2021, 07:36:42 PM |
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It should be understood that most often beginners who do not have enough experience lose money. When I first started working with a broker from Amarkets, I used a demo account for training in order to minimize the risks.
How I wish that more newbies were like you but unfortunately this is not true, newbies not only make the mistake to begin their journey without even practicing their skills with a demo account, that is bad enough already but instead of beginning their journey with bitcoin or with a solid altcoin like ethereum they begin to invest in all kind of coins that no one has ever heard of and that is when they get in trouble and lose the majority of their capital without even understanding how this came to happen.
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chanler
Member
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Merit: 15
mulierum.com
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September 19, 2021, 11:22:43 PM |
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In my opinion, most beginners suffer losses because they feel in a hurry and are obsessed with getting fast and big results. they can't really read the market and also analyze the market so they sell or buy coins at the wrong time. actually it's okay to make mistakes if after that you can learn from mistakes and fix them, but it's not easy to be a good trader because we have to want more effort and also think we have to be willing to work hard so we can follow the flow of the crypto market .
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kramchers
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September 20, 2021, 07:22:32 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
The majority of the novice are lack of knowledge, they always want a faster profit here were for them there is a shortcut but the truth is not. Aside from that, some of them are too greedy, and also some feeling veterans or experts for a little bit idea they get where in the end always got lose their assets.
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oktana
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September 20, 2021, 07:03:23 PM |
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Calling them newbies already answers it well enough; they are new and lack experience. Any successful trader who never lost money as a newbie is super lucky (I don't think that's possible though). Losing money (as a newbie) is what eventually makes you take smarter decisions, learn more and finally, become a successful and professional trader. That is how they become "experience"d trader.
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| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Cornia
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September 20, 2021, 07:25:16 PM |
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Trading requires knowledge and practical experience. Many people acquire a little bit of knowledge and think them a scholar. And all these inexperienced scholars are losing their money in trading. A little learning is a dangerous thing. Ignorance is better than this.
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ScamViruS
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September 20, 2021, 07:34:01 PM |
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The majority of the novice are lack of knowledge, they always want a faster profit here were for them there is a shortcut but the truth is not. Aside from that, some of them are too greedy, and also some feeling veterans or experts for a little bit idea they get where in the end always got lose their assets.
In fact, when they come to trade knowing about the wrong information from different people about crypto trading, they lose their money at a fast pace. They will not be able to stay in the market for long due to lack of knowledge about the market. Since they are affected in the wrong direction from their initial journey, they come after incurring huge losses in getting on the right track. I have seen many traders who go for margin trading but they do not know how margin trading works. So newbies can't control their greed which leads to big losses.
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firmino10
Member
Offline
Activity: 372
Merit: 11
elysian.finance
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September 20, 2021, 09:02:01 PM |
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The major reason why newbies lose a lot of money in the market is due to lack of patience most newbies are not willing to submit to time to learn the skill sets that will give them an edge in the market. They just feel they can manipulate their way or learn a few strategy and start printing money. You have to submit to time and acquire the skill sets before you can even think of making a dollar from the market.
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jossiel
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September 20, 2021, 09:32:13 PM |
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The major reason why newbies lose a lot of money in the market is due to lack of patience most newbies are not willing to submit to time to learn the skill sets that will give them an edge in the market. They just feel they can manipulate their way or learn a few strategy and start printing money. You have to submit to time and acquire the skill sets before you can even think of making a dollar from the market.
It is not all of the time that they lack of patience. It's also lack of experience because even if they lack of patience but if luckily, they've sold at the right time still they don't know when to buy back or make a profit for those trades. About that feeling of printing money, someone who thinks like that as a newbie is thinking too much.
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Hobo66
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December 03, 2021, 02:32:12 PM |
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You are all conscious that making errors is an inevitable aspect of life. You will get knowledge from your own missteps and errors. In order to survive and succeed in trading, skilled traders frequently follow a set of actions. When new traders begin trading, they are unable to follow those guidelines. If newcomers lose money, they feel disappointed rather than moving forward to attain their objectives.
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doremonchina
Jr. Member
Offline
Activity: 210
Merit: 1
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December 04, 2021, 11:30:57 AM |
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A major sign that you don't have an exchanging plan isn't utilizing stop-misfortune orders. Stop orders come in a few assortments and can restrict misfortunes because of antagonistic development in a stock or the market all in all These orders will execute consequently once edges you set are met Tight stop misfortunes for the most part imply that misfortunes are covered before they become sizeable. In any case, there is a danger that a stop request on long positions might be carried out at levels beneath those predefined should the security abruptly hole lower—as happened to numerous financial backers during the Flash Crash. Indeed, even considering that idea the advantages of stop orders far offset the danger of halting out at a spontaneous cost.
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MFahad
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December 04, 2021, 11:58:13 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Big ptoblem in newbie is that they enter in cryptomarket just to buy memecoins in pancakeswap. Newbie are usually watch youtube video and they started to buy meme coins like shiba,Safemoon. They have no experience of trading, market rules . some of them even not know how to deposit and withdraw and their all trading depend upon friends help.
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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kamadazje
Jr. Member
Offline
Activity: 209
Merit: 3
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December 04, 2021, 12:15:46 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Big ptoblem in newbie is that they enter in cryptomarket just to buy memecoins in pancakeswap. Newbie are usually watch youtube video and they started to buy meme coins like shiba,Safemoon. They have no experience of trading, market rules . some of them even not know how to deposit and withdraw and their all trading depend upon friends help. I could not agree more with you. Since crypto has become a hot topic, especially during this pandemic, many people have basically just made their way inside the market without even knowing what to do. They are also easily persuaded with enticing tactics and advertisements and think that crypto trading is just an easy thing to do. While being optimistic is not a bad thing, I think newbies have too much of it that they tend to overlook that they must be worried of the outcomes and risks of trading in crypto.
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kanayaTabitha
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December 04, 2021, 12:31:52 PM |
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I remembered when i was a newbie in crypto trades, i was feel like a trading god when earned more than 50% profits in a day when the market is bullish. Most newbies fault are they are just trades with feelings and just follow people say. And also their risk management is zero. They sometimes buy a coin when the coin is in bullish because FOMO, and doing a strong hold when the market going crash.
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AicecreaME
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December 04, 2021, 05:08:14 PM |
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It is because they rush things up, the reason is either because of jealousy, someone they know is already making huge amount of money in Trading and he is not, or he doesn't want to be left alone. The other thing is that they are not totally prepared, after learning the basics, they think that it is all that they are needed to pull off and make profits, but it is not.
Trading is about self-discipline and so much knowledge about it. Learning on your mistakes instead of letting yourself disappointed and frustrated after lossing a trade.
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BITCOIN4X
Legendary
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Activity: 1974
Merit: 1150
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December 04, 2021, 05:31:29 PM |
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It is because they rush things up, the reason is either because of jealousy, someone they know is already making huge amount of money in Trading and he is not, or he doesn't want to be left alone. The other thing is that they are not totally prepared, after learning the basics, they think that it is all that they are needed to pull off and make profits, but it is not.
Trading is about self-discipline and so much knowledge about it. Learning on your mistakes instead of letting yourself disappointed and frustrated after lossing a trade.
When a trader wants to profit from trading activities but is not equipped with sufficient knowledge and experience, that is where the losses will start. They could still minimize pretty severe losses only if they didn't put in a huge amount of capital, but people were so greedy for money that it would only backfire on themselves. There are times when they are quite knowledgeable, but can't control their emotions in their trading activities. So this can also be another reason why maximum profit is difficult to obtain. We know that people don't want to lose, they just want to profit all the time and this is absolutely impossible in trading.
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Patigi
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Trident Protocol | Simple «buy-hold-earn» system!
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December 05, 2021, 08:53:12 PM |
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Mostly many of newbie don't understand much about trading and they eager to make huge money out there, not knowing that they need a lot of knowledge about trading strategy. Some losing huge money because they have been hearing that some guys are making 30 percent of their capital daily or weekly from trading , so with this thought they trade with huge capital and later on if change they lose much,some of them don't study chart first before they just jump into a coin, just because their friends make it there last week thinking that marking will continue flowing with that method.
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Munir575
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December 06, 2021, 11:43:31 PM |
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Trading does not have perfection or having basic knowledge doesn't make you a pro, you can't be too confident while trading because even when you feel its the best time to enter into market you can still end up loosing. Its like gambling where anything can happen no matter the odds. Having knowledge about trading is good as the odds will be in your favour and less the chances of your loss.
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Fredomago
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Leading Crypto Sports Betting & Casino Platform
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December 07, 2021, 12:10:39 AM |
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Trading does not have perfection or having basic knowledge doesn't make you a pro, you can't be too confident while trading because even when you feel its the best time to enter into market you can still end up loosing. Its like gambling where anything can happen no matter the odds. Having knowledge about trading is good as the odds will be in your favour and less the chances of your loss.
It's not a good practice being too confident while doing your trade, you need to carefully analyze everything and aimed for the best information to use as your basis, many newcomers thinks that trading is easy access to attained wealth, not realizing that they are mostly prone in losing their money. You need to be focused. There are many available materials online that will guide you in properly dealing with this business. Make sure you keep doing your best, enhancing your knowledge.
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pmcryptogur
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December 07, 2021, 11:07:06 AM |
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The following 10 reasons why a new trader is more exposed to losing the entire funds in a few days; will help you to understand the process and avoid making the same mistakes. Before getting started as a trader, you must understand the blunders that most of the traders make, as this will help you take calculative steps increasing your probability to be successful.
1. Trading without knowing the fundamentals
Most often, new traders plunge into trading without knowing about the market resulting in making wrong decisions and incurring losses.
How can you risk your money in a market that works on prospect theory without having any knowledge or training about trading? Before you start trading, it is very essential to know the basics of trading. A new trader should extensively read about the market trends, the scenarios, the way it functions, and everything related to the Forex market. Gaining adequate knowledge will help you to make wise and informed decisions on the basis of your personal needs and goals.
New traders should gain some experience by trying out the demo account. Demo account works with virtual money and there is no emotional stress involved. Though the real market responses differ to quite an extent from that of the demo account, it is still a good way to gain experience before you enter the actual trading market.
2. Improper/ No Trading Plan
A trader should always have a detailed trading plan before they enter into any trade. The trading plan should have entry and exit positions defined, a risk to reward ratio calculated, the choice of a currency pair in which trading would be done and money management strategies. A trading plan will always help you to follow a strategy allowing you to measure its performance and make decisions. A trading plan will always assist you in making thoughtful trading decisions keeping you away from making emotional decisions. Also, when you make a plan, you should trade based on your plan. Any second thought may completely change your trading activity and may work against your favor.
Trading without or with an inappropriate plan creates odd results. You may win but it will be short-term finally ending up in losses.
3. Being impatient
New traders often make hasty decisions with the intent to make early profits. However, being impatient will land you nowhere. Remember, Forex trading is not easy; it takes a lot of time and practice to earn big profits. Traders who think of trading shortcuts which can make them affluent and rich are the ones who blow up their funds early.
4. Getting anxious with the reverse trade movement
New traders are often anxious or stressed out when they incur losses or the trade moves against them. They either try to recover their losses or exit from the market, both of which are bad decisions.
If you are a new trader and have experienced the movement of trade against you, do not be emotional or tensed; instead, wait for the market to work in your favor. All that you can do is, stop trading for a while till you identify the positive market situation or decrease the size of trading.This will eventually help you withstand the situation, without allowing your emotional responses to take over the situation.
5. Trading too much
A new trader may eventually make this mistake thinking that trading more will bring them more opportunities to be rich. However, aggressive trading may result in greater risk towards losses. Trading too much would expose you to losses in bits which may be enough to blow out your funds easily. Besides too much trading will expose you to take emotional decisions which may spoil your portfolio completely including your confidence.
Therefore, you should always practice trading at a low frequency based on risk to reward ratio calculation and decided position size. Try and enhance the quality of the trades you enter as this will increase the reward to risk ratio and make your trading more profitable.
6. No/Improper tracking of trade activity
If you’re new to trading and unable to give adequate time to monitor trading activity, you may take wrong decisions or enter a not so profitable trade, resulting in heavy losses. Therefore, you should always focus on daily trading activity, understand the charts and interpret what will be good and what may result in losses.
Predictions based on conviction do not work in Forex trading. Therefore tracking the activity will help you trade better increasing your chances to succeed.
7. Not using the stop loss tool correctly
New traders may find it difficult to use the protective stops correctly or some may even not use it. If you do not use the stop loss tool, you may land up making heavy losses and blowing up your funds quickly. Using the stop-loss tool will help you in limiting your losses thus protecting your capital. If a trader uses stop loss he is actually able to control the risk.
Besides, the stop loss should also be placed correctly. If you put a stop loss too early you may end up exiting the trade before it would have headed towards the profit-making direction.
8. Incorrect determination of exit points
Lack of experience and knowledge can compel a new trader in making wrong exit point estimations or not use them at all. Estimating the wrong timeframes will eventually result in losing out money and this may work both ways, moving out early or moving out late. If you exit too early, you may earn small profits but may lose the chance of earning bigger profits in the winning trade. If you exit late, you may incur losses.
A correct exit strategy should always be put in place as this will help you decide when to exit a trade. If you are aware of the time when the trend you have entered is going to change, you can always make the right move and make an exit without risking your capital.
9. Big Position Size
Most often traders set larger position sizes increasing their risk of losing funds as the bigger is the position size larger is the risk. When the position size is big, there is a fear involved both financially and emotionally. If you have lost in four trades, and hoping to win in the fifth trade, you are subsequently increasing your position size based on the emotional aspect, increasing your risk to lose again. This way your funds may finish soon.
Determining an optimal position size will not only reduce the risk but also allow you to use your funds appropriately in earning profits. You should always determine a position size which even if lost does not affect your life emotionally and financially
10. Emotional and Psychological responses
Often new traders make impulsive decisions based on the market trend drifting away from the strategic way of trading, resulting in losses. Often new traders in the hope to earn more money land up doing a lot of trading. Fear of losing money can cause an early exit from a trade that would have earned profits. Traders can blow out their funds completely if they trade emotionally.
While trading Forex, you may encounter several emotions like fear, anxiety, greed or stress. However, if you can overcome your emotions and be unaffected by any negative market situation; you are surely going to survive long term and make profits.
This detailed overview on the causes of failure for beginners in the trading business will surely enlighten all new traders to take strategic decisions and make their trading career a promising one. Now that you know what can hold you back from earning profits; all you need to do is manage your risks wisely and trade strategically.
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andriarto
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December 07, 2021, 12:20:39 PM |
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Most of what happens to newbies is why they lose big because they prioritize emotionality, so it's not called trading but gambling. without good knowledge, newbies are always unrealistic about the current market, and after floating minus, they are reluctant to cut losses, because they think the price will definitely recover soon, and eventually panic sell and lose a lot of money
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Fakhrulenclix
Sr. Member
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December 07, 2021, 07:19:42 PM |
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Take losses as experience to trade in the future. if you look back further, successful traders have experienced losses. Be it the first trade or the next trade. Do not think that if beginners have learned well, they will not cause losses, in fact this is returning to market conditions that are not on our side. And for beginners, you must have experience so that in subsequent trading you can be more careful in trading.
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Lanatsa
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December 07, 2021, 07:27:56 PM |
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Take losses as experience to trade in the future. if you look back further, successful traders have experienced losses. Be it the first trade or the next trade. Do not think that if beginners have learned well, they will not cause losses, in fact this is returning to market conditions that are not on our side. And for beginners, you must have experience so that in subsequent trading you can be more careful in trading.
We should mind off that there is no trader who do make out 100% rate of making money.Of course we do lost money no matter how experienced or knowledgeable you are. We do all commit mistakes and its up to someone whether they do learn from it or would simply ignore it sound because they do know that theres a big support into those teams specially on soccer or football. As we can see on which we do all starts from money.
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Alisha FR
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December 08, 2021, 04:30:03 PM |
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Yes, to become a trader one has to be consistent and one has to learn more about the market and current market developments. Beginners who only have the basics then decide to trade without doing a good analysis, this will lead to chaos in trading. They will not be ready if the market suddenly drops. which beginners have to learn about crypto knowledge, it is also necessary to discuss the experience of traders before they are successful. so that they are motivated and not in a hurry to make decisions.
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ReiMomo
Sr. Member
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Duelbits - $100k Bonus/week
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December 08, 2021, 06:05:42 PM |
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Anywhere you invest and expect a good return, practical experience is needed. Yes its good to learn the fundamentals and Technics to be successful. The lesson are just a format and a set theory. When its practiced and experienced, the overall picture differs. Its common with every newbie and at times with experienced traders to loose. But yes, looses will teach more where to get in and not to get in.
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| | | . Duelbits | | | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄▄▄ | TRY OUR
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Anguwa
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Merit: 30
★Bitvest.io★ Play Plinko or Invest!
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December 08, 2021, 08:28:04 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Well spoken, newbies sometimes believe that once they have the basic knowledge of the technical indicators and training analysis, they feel too proud to put huge amounts of money for investment, not knowing that experience really matters in crypto trading. For example exchanges like Binance provide room for newbies to partake and gain little experience in trading as they will be provided with virtual trading illustrations. So we have to gain some experience in practicing before put a huge investment in crypto trading to avoid huge lost.
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martina14
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December 09, 2021, 04:07:50 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Most of the novice who came up here in the cryptocurrency loss their investment due to lack of knowledge or lack of research, then some are greedy, and some are don't care about what amount of money they are putting in the coins where in the end their capital will melt all of a sudden due to because of their negligence.
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Alert31
Member
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Activity: 1041
Merit: 25
Trident Protocol | Simple «buy-hold-earn» system!
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December 09, 2021, 01:28:47 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Lack of knowledge and patience is the common reason why mostly newbies lose huge amount of money in trading cryptocurrency. Another reason is fear and greed. When they saw market is moving downward they start panicking and selling even they will face losses. Sometimes when they saw market is increasing they don't want to sell even they are already in profit because their aim is to have huge profit until price suddenly change direction and moving down while their selling price still not reach and that is because of greedy. Trading really needs knowledge and understanding the market which newbie should know.
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suryogandul
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December 10, 2021, 04:49:31 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
there is a saying "experience is the best teacher" beginners don't understand the best experience, they only understand the basics. I think beginners should be patient before daring to publish and speculate. That's why beginners often experience loss
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pgbit
Sr. Member
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Activity: 771
Merit: 258
Trident Protocol | Simple «buy-hold-earn» system!
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December 10, 2021, 05:36:12 PM |
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Newbies lose huge money in crypto because Many newbies done the same mistake that they sell their token in loss it is a very big mistake. I want to suggest newbies. They should research the project in which they want to invest.
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| . SECONDLIVE | | | │ | | | | | | │ | | | ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ S T A K E L I T T L E W I N B I G ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▄▄███████▄▄▄ ▄▄████████████████▄▄ ██████████████████████▄ ████████▀▀▀██████████████ ███████▌ ▀█████████████ ████████▀ ▀▀▄▄██▀▀▀██████████ ███████ ▀████████ ███████▄ ████████ ████████▄▄ ▄████████ ███████████▄▄▄▄██████████ ▀█████████████████████▀ ▀████████████████▀▀ ██████████████████████ |
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Rehan Zakir
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Activity: 812
Merit: 53
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December 10, 2021, 05:45:11 PM |
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Newbies lose huge money in crypto because Many newbies done the same mistake that they sell their token in loss it is a very big mistake. I want to suggest newbies. They should research the project in which they want to invest.
I think the biggest mistake that every newbies done is first focus on earning then on learning. They did not try to learn anything their main focus is that how much we can earn money from our investment. And that is the biggest mistake I think. Without learning we cannot make money. Knowledge is power
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Sihab76
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December 10, 2021, 11:36:04 PM |
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The main meaning of entering cryptocurrency is that you have to acquire knowledge first and earn later. There are many people who have gained a little knowledge and think that I have become useful enough to earn. But this is where the biggest mistake is made in trading.
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Quidat
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December 11, 2021, 11:53:58 PM |
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The main meaning of entering cryptocurrency is that you have to acquire knowledge first and earn later. There are many people who have gained a little knowledge and think that I have become useful enough to earn. But this is where the biggest mistake is made in trading.
But you wont acquire knowledge if you dont tend to experience because experience is one of the most common way of learning things. Theories and write ups might be good or beneficial but that wont really be that sufficient in terms of overall aspect of trading. You do need to test for yourself and the rest of learning will be there.
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emmnazady
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December 12, 2021, 02:11:35 AM |
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Newbies are generally un-experience and nothing knowledge og Crypto. They just observe the market and any coin which are in fomo they take entry in it. They have no knowledge if usecase and any update if the token. They just check market and take entry. Sometime when they teke entry. Token downs hard because whale game and they loss huge money in trading.
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BruceLee98
Jr. Member
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December 12, 2021, 07:13:16 PM |
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Newbies tend to lose a lot of money in trading because they fail to learn before trading. They forget trading is not a get rich quick scheme. They also lose huge money when they trade their emotions in a particular market trend. Newbies also lose money and get frustrated when they fail to do a proper analysis on when to enter and take profit from a trade.
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Blank-Head
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Activity: 115
Merit: 28
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December 12, 2021, 07:16:50 PM |
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Newbies are generally un-experience and nothing knowledge og Crypto. They just observe the market and any coin which are in fomo they take entry in it. They have no knowledge if usecase and any update if the token. They just check market and take entry. Sometime when they teke entry. Token downs hard because whale game and they loss huge money in trading.
I agree with you.Even they don't have any knowledge how to do technical analysis.To avoid losing money in trading new users must have to learn proper trading tips and have to use stop loss in every trade.
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Fivestar4everMVP
Legendary
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Activity: 2254
Merit: 1052
Leading Crypto Sports Betting & Casino Platform
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December 12, 2021, 07:54:00 PM |
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For me, I believe that any day one stops learning, that's the day he or she starts loosing, learning to trade is not a one off thing, one have to keep learning to stay relevant and well updated, and the more updated you are, the more your chances to win trades. Newbies who for what ever reason feel they've arrived will loose huge money in trade because as a newbie, you aren't supposed to trade with big amount of money in the first place, a newbie is suppose to trade with very small amount of money for a good period of time, this small amount should only be increased when the trader has made a consistent profit for a good amount of time, this is one way to assure oneself that one is really ready for the game.
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Alisha-k
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December 13, 2021, 07:11:09 AM |
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We where all once newbies and we can attest to this fact, we've all lost money in one trade or the other, that's squarely inevitable. The anxiousness to begin to make money usually drives most of us into trading even though we know quite well within ourselves that the knowledge we've had isn't sufficient enough.
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Sirait
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Merit: 101
1xBit 🏆 │ NotYourKeys.org
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December 13, 2021, 09:48:03 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
beginners are famous for their trivial attitude and think trading is very easy and everyone can do it, they get stuck with their own stupid mind and end up losing money. poor newbie
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smartaction
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Activity: 1918
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
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December 13, 2021, 10:56:57 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Newbie loss huge amount of Money coz of they haven’t actual trading knowledge. They buy token without analysis they just follow hype. And they haven’t patience for holding. That's why they loss huge
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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bakasabo
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Activity: 2310
Merit: 1180
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December 13, 2021, 10:57:29 AM |
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When you lose, you get experience, knowledge and grow. It is impossible to start something and instantly be an expert. It is impossible to make a deposit and already feel like a trading shark, searching for a small fish to eat. Not only newbies lose money in trading, experts in trading also lose. When you make a trading deal and earn, that means that someone losses. That person can be anyone. I would not divide people that trade into newbies, experts, senior or etc. I would say that everyone losses if he lacks patience.
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og kush420
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December 13, 2021, 11:31:45 AM |
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When you lose, you get experience, knowledge and grow. It is impossible to start something and instantly be an expert. It is impossible to make a deposit and already feel like a trading shark, searching for a small fish to eat. Not only newbies lose money in trading, experts in trading also lose. When you make a trading deal and earn, that means that someone losses. That person can be anyone. I would not divide people that trade into newbies, experts, senior or etc. I would say that everyone losses if he lacks patience.
Patience is the key for every trading whether its cryto, forex, equity or any other. If you don't have the courage to see market bleeding then better stay away from trading. Those who are successful traders have spend time learning the nitty gritties of crypto trading with patience. Success IMO is trading is mixture of patience and knowledge.
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sarmrakib
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Merit: 101
Vave.com
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December 13, 2021, 01:01:09 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Newbie loss huge amount of Money coz of they haven’t actual trading knowledge. They buy token without analysis they just follow hype. And they haven’t patience for holding. That's why they loss huge You have said the main few point why actually the make huge amount of losses .They don't have proper knowledge behind trading and they start trading when they just saw hoe the btc and most of the top coin has huge amount of gain over the year .They enter on the market when the see their traded coin going to the opposite direction where they were really not expecting there become panicked after that and sell their all asset and make a huge loss .So i wanna suggest them to do study from different source like youtube ,blog from professional trader and hope gradually the can get a good knowledge on trading .Then start trading with low amount to know everything about trading and make their confidence high after that he/she have his/her own experience on that and easy can speculate and enter on the trading .Hope he/she can get profit after that and can avoid his loss .
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jamkesmas
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$CYBERCASH METAVERSE
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December 13, 2021, 03:56:56 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
there are many things to understand and experience is a very valuable lesson, there will be many things in trading that are out of the picture that do not match the reality of what is happening. Consistency in many ways is very necessary, as you said, not only practice but definite targets and also being able to control yourself not to be greedy in trading, it is very important to be able to minimize mistakes that occur due to not being able to control emotions.
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LUCKMCFLY
Legendary
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Activity: 2408
Merit: 1848
Leading Crypto Sports Betting & Casino Platform
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December 13, 2021, 09:52:34 PM |
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Yes, to become a trader one has to be consistent and one has to learn more about the market and current market developments. Beginners who only have the basics then decide to trade without doing a good analysis, this will lead to chaos in trading. They will not be ready if the market suddenly drops. which beginners have to learn about crypto knowledge, it is also necessary to discuss the experience of traders before they are successful. so that they are motivated and not in a hurry to make decisions.
Trading in crypto is not an easy thing, it takes effort and hard work, need to develop knowledge and skills before starting real trading, Of course it's very risky when we don't have anything only with courage and it will lead us to lose money I am in agreement with what you say, but it is difficult when you are beginning to possess all those qualities, when I started my first mistake and sometimes I fall into it but it is easier to control it lies in despair, in that a lot of time passes and I do not know It gives the movement that I bet on trading, and I begin to review the market and the movements do not occur quickly and that is the despair that many newbies fall, now it is different, because I do my analysis, I obtain my position and I place the stop Loss and TP, and what I do is check at night what movement occurred, if the Stop Loss or TP, if it is a loss I assume it.
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AakZaki
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December 14, 2021, 01:13:28 PM |
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When you lose, you get experience, knowledge and grow. It is impossible to start something and instantly be an expert. It is impossible to make a deposit and already feel like a trading shark, searching for a small fish to eat. Not only newbies lose money in trading, experts in trading also lose. When you make a trading deal and earn, that means that someone losses. That person can be anyone. I would not divide people that trade into newbies, experts, senior or etc. I would say that everyone losses if he lacks patience.
Losses and profits are indeed a risk in trading, will not look at a beginner or an expert. but most beginners need to adapt and know trading knowledge before trading, because if they don't know about basic trading, then they just waste their money. Losses and gains are influenced by how much we know the state of the market. Price fluctuations are a good opportunity to take a few percent profit.
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checkmatesir
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$CYBERCASH METAVERSE
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December 14, 2021, 03:51:22 PM |
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Actually trading is not for child. If someone desire to initiate trading then before going into this field he should have to take suggestions from his friends, family and someone other who knows something better about it. I think that you should have the ability to handle what you want. if you fail to make money in trading then you have the ability to bear it just because if you cannot tolerate it then its not good for you to become the part of trading. Main cause of losing is that traders are not good in knowing of trading.
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aryana42
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December 14, 2021, 06:33:04 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
As a beginner, there is a high risk in trading. But how do beginners overcome these problems properly. So they need to understand the state of the market well, based on the knowledge they already have about crypto trading. Most importantly, don't rush if haven't mastered the market, especially if you're new to crypto trading.
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Lordhermes
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December 15, 2021, 03:34:50 AM |
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As a newbie,it's good to lose money because of lack of experience,so that those mistakes will make us learn and know more. Newbies lose money because of inexperience.They don't have experience and lack the strategies they will use to trade,therefore,they can lose money. But the mistakes are good because it makes them learn,and it gives them experience too.
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Shagnasty
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Merit: 10
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December 15, 2021, 05:25:31 PM |
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Newbies lose huge money in trading because they don't have any previous trading experience. They don't have any knowledge about trading so for the first time when they invest they lose money in trading. Newbies invest based on feeling. So its not wiser to trade without any knowledge and experience of trading.
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Lanatsa
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December 15, 2021, 10:49:56 PM |
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As a newbie,it's good to lose money because of lack of experience,so that those mistakes will make us learn and know more. Newbies lose money because of inexperience.They don't have experience and lack the strategies they will use to trade,therefore,they can lose money. But the mistakes are good because it makes them learn,and it gives them experience too.
Its actually inevitable and cant really be avoided because we do lack knowledge and skills but once we do gain experience then we would able to handle ourselves on these kind of situation.Losing money first before learning. This is why as a noob and gained up experience then you would really be finding yourself effective and enhanced when you do able to take a good grasp on something.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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kapalmabur
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December 16, 2021, 09:10:04 AM |
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Newbies lose huge money in trading because they don't have any previous trading experience. They don't have any knowledge about trading so for the first time when they invest they lose money in trading. Newbies invest based on feeling. So its not wiser to trade without any knowledge and experience of trading.
It is highly recommended for newbies to learn about trading before starting, knowledge and skills are needed in trading and it is not easy to learn it so it must take patience, but that doesn't mean when we already have these two things it will guarantee us from losing money
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Mohsin420
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December 16, 2021, 02:57:51 PM |
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Because newbies don't have any knowledge about crypto market crypto is always risky without any knowledge and mostly they follow any stupid person signal so this thing is not good that's why newbies loos money
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Qikiye
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Bisq Market Day - March 20th 2023
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December 18, 2021, 02:45:20 PM |
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Novice trading time is short, long trading time can bring experience, summing up failures, and constantly trying is my way to reduce losses.
It is not uncommon for newcomers to experience huge losses in trading without a good knowledge of trading. In addition, it is normal for newcomers to experience losses in order to treat their emotions emotionally. For newcomers, you guys will come to treat after gaining knowledge from different sources.
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▀▄▀▄▀▄ Bisq Market Day - March 20th 2023 ▀▄▀▄▀▄
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nhaila
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December 18, 2021, 03:06:48 PM |
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Actually a newbie can't get any information for investment properly or he / she has not enough knowledge about trading and trading platform. Sometimes a newbie can't invest right coin at right time , hence he faces a huge amounts of losses.
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Stanley28
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December 18, 2021, 06:18:58 PM |
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It's normal to lose if you want to gain something. There is a saying that says NO PAIN NO GAIN. After learning the principle of trading, you will surely undergo set back i.e you will loose allot of money before you will create your own pattern of trading. Everything in life does not comes easy you have to pay price before you will learn how to manipulate it in your own way.
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blockman
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December 18, 2021, 09:56:31 PM |
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Actually a newbie can't get any information for investment properly or he / she has not enough knowledge about trading and trading platform. They can. They have to be inquisitive type of person because that will make them curious and have the answers that they need to gain knowledge. If they're not too curious and they don't ask that much then that only means they're not really serious at all. Sometimes a newbie can't invest right coin at right time , hence he faces a huge amounts of losses.
It's usually what's happening but there are those newbies that have luckily bought a good coin that have made them gains.
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kingangel
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December 19, 2021, 04:17:17 PM |
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As my experience newbies can make these mistakes ; They can take entry in top and invest all amount in one time didn't take entry in parts. And second mistake is that they lose money because they didn't learn TA.And other one mistake is that they have no patience when market take small correction they feel fear and start selling in panic and loss their money.
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CDC AP
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December 19, 2021, 04:33:12 PM |
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It is not just newbies, anyone can lose money as long as you fail to go get the necessary knowledge of trading, even the most experienced traders sometimes lose let alone none experience traders, trading requires knowledge and patience, if you don't possess this two you are likely going be losing money whenever you attempt to trade.
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PhucS
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December 19, 2021, 04:41:11 PM |
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It's normal to lose if you want to gain something. There is a saying that says NO PAIN NO GAIN. After learning the principle of trading, you will surely undergo set back i.e you will loose allot of money before you will create your own pattern of trading. Everything in life does not comes easy you have to pay price before you will learn how to manipulate it in your own way.
Yes, I agree with your opinion. For newbies in the crypto market, it is very normal to lose a lot when trading, even though they have a little knowledge and some techniques, it is inevitable. However, they should use the funds to trade in a reasonable way, use the amount to the extent that they can accept loss, it will not affect their finances much.
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lucates
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January 04, 2022, 11:24:48 AM |
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It's a question of "HOW":
There are a lot of factors to consider, on how they lose that much money:
1. Brought by hype - Typical error or incorrect practice not only in crypto but in general. Wherein an individual got caught with the hype, or just being aggressively persuaded by the moment and/or by other people.
2. Lack of Knowledge - Common sense sometimes is nowhere to be found. Engaging without knowing what to do.
3. Inexperience - Well, these people have already the knowledge and the information but they can't initiate their strategies properly and some are not sure about their own data.
5. Buy now sell later attitude - Well newbies normally are fond of holding, even without security. In trading, holding is not quite an option and It's much better in line with investing. Trading is much more on a fast phase industry, in which the opening of opportunity closes even in a blink of an eye. So yeah, newbies tend to hold and believe that it will rise in time (though this may apply to some but not all).
And many more, My advice to all the aspirants or the newbies out there;
"Remember when trading, please leave your emotions behind" "Spend only what you can afford"
Apart from self discipline, emotional control, basic knowledge, experience etc we should keep in mind one thing that's start with minimum amount. At that time profit or loss we can afford that. And it's better to book profit atleast 15 to 20 percentage once it all time high for the first time.
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panukurap
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DAEFROM.com
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January 05, 2022, 01:22:53 PM |
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Absolutely I agree with you. Even in school, after we study a material until it is finished, we have to do practice questions and then do a semester test. I think this also applies to crypto, after we really understand crypto we should do an indirect practice of manipulating the market which is too risky for us beginners. Don't be in a hurry to get profit quickly, you have to be patient to get the best results.
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Rufsilf
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January 05, 2022, 05:30:05 PM |
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Novice trading time is short, long trading time can bring experience, summing up failures, and constantly trying is my way to reduce losses.
It is not uncommon for newcomers to experience huge losses in trading without a good knowledge of trading. In addition, it is normal for newcomers to experience losses in order to treat their emotions emotionally. For newcomers, you guys will come to treat after gaining knowledge from different sources. Learning how to trade isn't that easy, it takes so much time and logical mindset before you eventually come to a point that you're already knowledgeable enough than what you used to be few months ago. Also to be a trader, one must know about the basics and fundamentals of how to trade and techniques used before advancing to another level of trading. Therefore, trading isn't a skill that is very easy to acquire as it includes some losses to your capital along the path you took to gain experience. Even professionals and experienced traders lose their funds while trading, so what makes a novice as an exemption to it.
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█▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . Stake.com | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . PLAY NOW | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ |
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2girls
Sr. Member
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Tontogether | Save Smart & Win Big
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January 05, 2022, 05:52:46 PM |
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You are absolutely right, experience is very necessary for trading. If any newbie thinks he/she will lose his/her money then he/she should practice in the demo account do TA and Invest in the demo account. After getting good results in the demo account he must try with his real balance. That's my opinion for a newbie.
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ranaprime
Jr. Member
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January 05, 2022, 06:48:55 PM |
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Newcomers are usually excited. They are preoccupied with profit. They forget a word called loss. Many of them invest without research. Can't tell which is a good project and which is not. The biggest problem is that they start trading emotionally.
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/// ASAN VERSE /// Building the Future of Digital Art /// ASAN VERSE NFT MARKETPLACE METAVERSE FOR ART COMMUNITY
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Lordhermes
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January 05, 2022, 07:17:42 PM |
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Newbies loose money because of so many reasons,I will mention some here so Atleast people in this forum can Atleast learn from them.
Inadequate preparation; When the newbie is not properly prepared to enter into trading and he dives into it because he has heard of the fact that trading pays,it's a big mistake Lack of proper research is also another reason why people loose money.
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Pamadar
Legendary
Offline
Activity: 2982
Merit: 1028
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January 05, 2022, 07:33:12 PM |
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Novice trading time is short, long trading time can bring experience, summing up failures, and constantly trying is my way to reduce losses.
It is not uncommon for newcomers to experience huge losses in trading without a good knowledge of trading. In addition, it is normal for newcomers to experience losses in order to treat their emotions emotionally. For newcomers, you guys will come to treat after gaining knowledge from different sources. Learning how to trade isn't that easy, it takes so much time and logical mindset before you eventually come to a point that you're already knowledgeable enough than what you used to be few months ago. Also to be a trader, one must know about the basics and fundamentals of how to trade and techniques used before advancing to another level of trading. Therefore, trading isn't a skill that is very easy to acquire as it includes some losses to your capital along the path you took to gain experience. Even professionals and experienced traders lose their funds while trading, so what makes a novice as an exemption to it. Proper knowledge is the key to make yourself successful within this business, newbies who enter this market without knowledge mostly lose their investment, some by chance and luck managed to earn, but most likely it ended up as failed investments mean most of those who are lack of knowledge unable to drive on the right path, trading is not easy because if it was we won't see many failed traders. It's something that you needed to invest your time in preparing your knowledge. Afterwards, you'll be able to work and find the right pieces for your success.
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milewilda
Legendary
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Activity: 3108
Merit: 1127
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January 05, 2022, 10:19:30 PM |
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Newbies loose money because of so many reasons,I will mention some here so Atleast people in this forum can Atleast learn from them.
Inadequate preparation; When the newbie is not properly prepared to enter into trading and he dives into it because he has heard of the fact that trading pays,it's a big mistake Lack of proper research is also another reason why people loose money.
•Greed •Thinking that its easy •Gets Fomoed and falling into Fuds This is a common reaon on why newbies do lose huge in trading but once they are able to get some experience then this is where they do mold up themselves to be better. Even experts to lose huge because it all matters on how much risks you had put on on your trades.
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trade818
Newbie
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Activity: 5
Merit: 0
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January 06, 2022, 05:18:59 AM |
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This may help by not trading but converting coins vs selling the profit...search out Fuzzycrypto on YouTube he's a newbie on the tube but has a great strategy...it might even work in all markets.
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ReiMomo
Sr. Member
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Activity: 2366
Merit: 305
Duelbits - $100k Bonus/week
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January 06, 2022, 07:25:03 PM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Constant practice yes makes one perfect and this might be any field. A newbie will tune himself when he jumps on hands on training with looses and gains. For everyone here, it would have taken time to channelize their profits after a certain experience. Yes, learn the basics in the beginning loosing some money and learn from your mistakes. Do not repeat the mistakes. Analyze the wrong move to make it right.
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DoublerHunter
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January 06, 2022, 10:02:29 PM |
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~snip~ Lack of proper research is also another reason why people loose money.
•Greed •Thinking that its easy •Gets Fomoed and falling into Fuds
^ That is supposedly the right reason why newbie falling into huge losses, lack of knowledge will always put you in danger and it will probably easy to wipe out your wallet. Because they think over the profit, not the situation of how these cryptocurrencies work as an asset investment. They quickly jump to the conclusion of having profitable investments without proper research. However, a mistake was always tied up with the newbie and I think every newbie has experienced this even me before. Because through this experience they will learn a lot more and it should not let this happen anymore.
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Ryker1
Sr. Member
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Eloncoin.org - Mars, here we come!
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January 06, 2022, 11:58:23 PM |
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Well there are too many factors why newbies will commonly lose a huge amount and perhaps because they are just a newbie. Many newbies don't have good skills in trading and it means they need to have more practice first and gain experience while they are newbies. It is expected of the newbie to have losses because their lack of knowledge in trading makes them have losses. It is usually normal to them and let them realize their loss that makes them correct in the next trading session. A good trader will always learn from their mistakes and won't let to happen in the future.
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Sweetbtc
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February 04, 2022, 02:52:27 AM |
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It is aforementioned that nearly Newbie of individuals lose cash in Trading. Most of the beginner traders lose cash as a result of they fail to grasp the market movements and find yourself taking the incorrect selections.
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JohnBitCo
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February 04, 2022, 04:40:20 AM |
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Actually a newbie can't get any information for investment properly or he / she has not enough knowledge about trading and trading platform. Sometimes a newbie can't invest right coin at right time , hence he faces a huge amounts of losses.
Trading is not something that you invest in a coin today and become a millionaire tomorrow. There are a lot of things which needs to be known for the right investment at a right time. I don't understand why newbies jump into bitcoins and cryptocurrency trading without first getting the knowledge about it. Only learning and experience can make you a good trader.
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Xinarae*
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February 04, 2022, 05:46:40 AM |
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Newcomers lose a lot of money in trading because they have less knowledge about trading and after jumping into trading to make more profit out of greed. Those who practice in trading and develop their skills when using a practice account there is a limit to how many businesses you can perform because each trade represents your actual profit or loss. To prevent yourself from losing more money than your profit, you also need to use trading strategies.
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jhonjhon
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February 04, 2022, 08:35:08 AM |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
The reasons why is this happen because they think that they can learn trading in a week and rush into the market and expecting that they will make a million of dollars.They think that trading is just an easy money.Thats just not the way how it works,thats why we get frustrated. Remember that there is no such thing as a fast money when it comes to trading . In order you to become successful trader you need to acquire more knowledge,skills,patient and be consistent of what you are aiming for.
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