Why newbies lose huge money in trading

[Blank-Head]

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.

[Fivestar4everMVP]

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.

[Alisha-k]

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.

[Sirait]

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

[smartaction]

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

[bakasabo]

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.

[og kush420]

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.

[sarmrakib]

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 .

[jamkesmas]

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.

[LUCKMCFLY]

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.

[AakZaki]

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.

[checkmatesir]

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.

[aryana42]

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.

[Lordhermes]

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.

[Shagnasty]

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.   

[Lanatsa]

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.

[kapalmabur]

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

[Mohsin420]

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

[Qikiye]

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.

[nhaila]

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.