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.
Topic: Why newbies lose huge money in trading - page 16. (Read 3376 times)
can be concluded in your thread if the beginner is greedy and wants to get rich quick. because in trading there is a lot that needs to be learned and there are lots of techniques and strategies that must be understood before entering the world of trading. so maybe beginners can apply this so that in the future they don't get caught up in big money losses
I personally don't think having the psychology of earning quick money is a problem, especially in crypto trading because that's why we all are here, else for slow and methodological trading we already have the stocks market. The real problem lies in the attitude because people spend almost no time in learning about the things they are investing in and what is happening around the crypto globe.There are many incidents where people force themselves to seek capital for crypto trading. many of them use borrowed money, so that when they trade they have a heavier burden, on the other hand a lack of knowledge about trading makes people tend to gamble, so many are not able to last long in the market
Trading with borrowed funds is a disaster and I am not just saying it but I have experienced it. You will be always under additional pressure and that forces out unforced errors. It's better to trade small but do it with your own funds and if possible, spare funds.
As for me, that's already a part of every beginner's journey. We usually lose a huge amount of money at the beginning because that's part of the learning process as they try to apply the things that they have learned from studying trading. Newbies still need to adapt and try to deal with the market and losing sometimes is a part of it. What is important it we're learning from our mistakes. Havjng the proper mindset is also an advantage.
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.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
The word Newbie defines it all.
As he is a newbie, so he doesn’t have enough experience, doesn’t have enough knowledge on Coins and Trading.
So if all these things will be absent in someone, then ultimately you will face losses only.
Instead a newbie should gain knowledge first and start with small capital.
Hope this helps all newbie.
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.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
I read an article before which stated that 97% of beginner traders lose money in their first trading experience and only 3% earn as much as a bank teller.
The problem with trading is that experience is key. Reading all the books about trading or knowing the market can help a beginner but experience will still prevail. In addition, most beginner traders think that trading is easy. It's definitely complicated as it requires extreme patience and determination in order to profit at the end of the trading period.
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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.
That's because they don't have a plan and didn't practice risk management, you shouldn't be losing anything you can call a big money loss, if you manage your resources well. You should only trade with funds you'll be comfortable losing so why then do you lose big if those are funds you're comfortable losing that's because new traders ignore this money management advice and just blindly put money into the market with hopes of multiplying it overnight.
The mindset of new traders revolves around quick money scheme, they'll choose pump and dump spikes over long term genuine growths. They're so interested in making quick money that they losses many things in the process like experience and most importantly having fun (enjoining the industry).
Don't be in a rush to put money you can't avoid losing instead gradually increase your trading capital based on how confident and successful your previous trades has been. If you started your trading with $100, don't be in a rush to increase that capital to $1000 just because you were able to complete ok one or two trades successful and was profitable. You might be able to manage $100 but don't have the mentality yet to manage $1000 so until you have developed such mentality, still stick to profiting from $100 instead of losing on $1000 trades.
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.
Overconfidence is one of the enemies of a trader, no matter novice or professional traders, usually this mistake arises because they feel that if the analysis is done correctly and has good knowledge,in fact, the essence of trading is not like that, but about management and anticipation, knowledge alone is not enough if you do not understand management, this is because not all traders who have knowledge have good management, but traders who have good management are traders who have knowledge and experience.
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
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.
Overconfidence is one of the enemies of a trader, no matter novice or professional traders, usually this mistake arises because they feel that if the analysis is done correctly and has good knowledge,in fact, the essence of trading is not like that, but about management and anticipation, knowledge alone is not enough if you do not understand management, this is because not all traders who have knowledge have good management, but traders who have good management are traders who have knowledge and experience.
Lack of knowledge. Most newbies act too recklessly. Given the lack of their own knowledge, they often rely on other people's advice and external information field, which is often false or erroneous.
In fact, most of the information field conveys the theory said by someone in a circle, noobs listen to it and lose everything in the end.
They are riding the hype on a bad way and that’s why they lose most of the time. That lack of knowledge is normal for a newbie and if they act recklessly, that’s the time they’ll lose because learning is a process and they should not take any shortcuts for trading. In fact, most of the information field conveys the theory said by someone in a circle, noobs listen to it and lose everything in the end.
There’a a lot of good resources available online, its easy to learn how the things works here, I don’t know why they can’t still afford to spend time with it.
Lack of knowledge. Most newbies act too recklessly. Given the lack of their own knowledge, they often rely on other people's advice and external information field, which is often false or erroneous.
In fact, most of the information field conveys the theory said by someone in a circle, noobs listen to it and lose everything in the end.
In fact, most of the information field conveys the theory said by someone in a circle, noobs listen to it and lose everything in the end.
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Well pretty much that question already answered itself, OP because they are still newbies. The phrase of "they feel they know it all" is basically how they try to apply their basic knowledge in trading. That applies to me back in my day trading experience because I wouldn't be able to learn Bollinger Band and RSI indicator with just watching the video.
in a hurry and want to get rich quick overnight. that's the thought that crossed their minds as if crypto could provide wealth in an instant. but after the reality did not match what was expected they changed their minds and immediately ended the trade taking losses.
Greed is one of the reason why newbies lost a lot when trading and thinking that they would beat most professional traders but ended up losing a lot. They aren't trading actually if they are easily eaten by the whales in the market, they are gambling.This is the most common mistake of newbies when thinking trading is as easy as buying and selling yet they still fail. Even a professional traders still lost in trader whereas traders will just feed the whales with their money.
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.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
We had many new small investors / traders recently after the recent uptrend of Bitcoin because of Musk's tweet. I know many who just saw their friends earning more on this uptrend. Hearing their profits, many were enthusiastic in getting into trading. They literally invested up to 30% of their earnings into coins that their friends invested. They did not do analysis on those coins. Just they invested blindly into those coins. But to their bad luck, the market crashed now and they are at 70% lose. We suggested them to just hold their coins until the market booms again.
They say now that they really learnt what really a cryto trading is. What they learnt here is, not to jump in when the market is on uptrend.
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 different types of people that comes to this community. First there are those that what they have in mind is to make use of cryptocurrency as a payment method, then there are those that came because they want to get rich. Those ones that came because they want to get rich quickly are mostly the ones that ends up losing, becoming desperate and then they quit. Because it’s not as easy as they thought it was going to be.No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
I see a lot of newbies and all they are talking about is getting rich through cryptocurrency and then they see that it is difficult, and they have to drop out from it and look for something. For anyone to succeed here they have to study the market completely, and not just the basics.
Trading isn't like gambling where you can depend on luck at all. There is a technical issue related to crypto-currency trading. We all know that "a little learn is a dangerous thing", that's happening with newbie traders and as a result, they are encountering loss a lot. I was thought the same, at the beginning, I thought I am ready for trading and start it, and of course, I lost almost my all portfolio which hasn't recovered yet. So day by day I consider learning more and I think I only learn a basic thing for trading. I am not a pro trader yet. To become a pro trader you have to learn all technical analysis. We trade with emotion, sometimes gain and sometimes loss. That's how we need to learn, losing means you will be more encouraged to learn. So try more as much as you can learn.
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 there is shortness of knowledge and experience. Most of the newbies try to cut huge amount of profit from trading at a time but it's not possible. Some of them do future trade which is more risky step. At first they can learn with small amount or creating demo account.No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
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 there is shortness of knowledge and experience. Most of the newbies try to cut huge amount of profit from trading at a time but it's not possible. Some of them do future trade which is more risky step. At first they can learn with small amount or creating demo account.No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
in a hurry and want to get rich quick overnight. that's the thought that crossed their minds as if crypto could provide wealth in an instant. but after the reality did not match what was expected they changed their minds and immediately ended the trade taking losses.
Let those newbies just lose on the process as long as they learned. They won't become a good one if there's no difficulties on their way.
Now that's the most appropriate for their learning process as long as it's basic it's not a problem, some lose money because it's a process in experience, I think many beginners do this they know this risk will definitely happen but must be passed with several processes that they go through .I experienced the same thing before, but I now understand the meaning of the trades that are talked about a lot and the fundamentals are the most important for them to stay consistent even though they have lost a lot.
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