Why newbies lose huge money in trading

[bitzizzix]

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]

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.

[Handpari]

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.

[TastyChillySauce00]

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.

[Kong Hey Pakboy]

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.

[konflikkastil]

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.

[OgNasty]

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.

[Mistafreeze]

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.

[kapalmabur]

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

[jossiel]

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.

[Cherylstar86]

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.

[tygeade]

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.

[goldade]

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

[Yatsan]

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.

[wallet4bitcoin]

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.

[jkpj22]

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.

[pragna]

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.

[raisajahan]

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.

[Renampun]

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.

[Kez1817]

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.