Why newbies lose huge money in trading

[kawetsriyanto]

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]

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

[uelque]

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.

[Mohsin420]

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 .

[Rigon]

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.

[RokokGudangGaram]

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.

[Sollaes]

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.

[Ebede]

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.

[Pasa32]

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.

[Masplanc]

Most times it's like that, losing of money in trading is like a normal thing. No success without loss.. it's nature

[Hendra gunawan]

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.

[Obito]

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.

[Jilapikhamu]

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

[kram31]

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.  

[Rb48]

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.

[South Park]

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.

[LongStand]

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.

[xmonkeyx]

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.

[Hamphser]

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.

[Qikiye]

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.