Why newbies lose huge money in trading

[South Park]

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.

[haasanjui]

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.

[cosanostra98]

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.

[Mr.Scott]

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.

[Zanab247]

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.

[otundebis]

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.

[NewRanger]

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.

[CaVO32]

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.

[Mamun74]

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.

[geegaw]

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

[ene1980]

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.

[Peanutswar]

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.

[kapalmabur]

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

[LimLims]

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.

[djgtr]

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.

[cryp24x]

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.

[South Park]

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.

[matchi2011]

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.

[yohananaomi]

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.

[juliepower]

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.