Why newbies lose huge money in trading

jhonjhon

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Quote from: Realgogo on July 21, 2021, 04:32:53 AM

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.

Xinarae*

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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.

JohnBitCo

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Quote from: nhaila on December 18, 2021, 11:06:48 AM

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.

Sweetbtc

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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.

Ryker1

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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.

DoublerHunter

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Quote from: milewilda on January 05, 2022, 06:19:30 PM

~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.

ReiMomo

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Quote from: Realgogo on July 21, 2021, 04:32:53 AM

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.

trade818

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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.

milewilda

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Quote from: Lordhermes on January 05, 2022, 03:17:42 PM

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.

Pamadar

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Quote from: Rufsilf on January 05, 2022, 01:30:05 PM

Quote from: Qikiye on December 18, 2021, 10:45:20 AM

Quote from: lightning0 on July 21, 2021, 04:55:57 AM

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.

Lordhermes

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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.

ranaprime

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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.

2girls

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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.

Rufsilf

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Quote from: Qikiye on December 18, 2021, 10:45:20 AM

Quote from: lightning0 on July 21, 2021, 04:55:57 AM

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.

panukurap

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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.

lucates

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Quote from: markdario112616 on July 21, 2021, 09:14:26 AM

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.

PhucS

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Quote from: Stanley28 on December 18, 2021, 02:18:58 PM

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.

CDC AP

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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.

kingangel

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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.

blockman

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Quote from: nhaila on December 18, 2021, 11:06:48 AM

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.

Quote from: nhaila on December 18, 2021, 11:06:48 AM

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.

Topic: Why newbies lose huge money in trading (Read 3299 times)