Why newbies lose huge money in trading - page 4.

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Quote from: AicecreaME on December 04, 2021, 12:08:14 PM

It is because they rush things up, the reason is either because of jealousy, someone they know is already making huge amount of money in Trading and he is not, or he doesn't want to be left alone. The other thing is that they are not totally prepared, after learning the basics, they think that it is all that they are needed to pull off and make profits, but it is not.

Trading is about self-discipline and so much knowledge about it. Learning on your mistakes instead of letting yourself disappointed and frustrated after lossing a trade.

When a trader wants to profit from trading activities but is not equipped with sufficient knowledge and experience, that is where the losses will start. They could still minimize pretty severe losses only if they didn't put in a huge amount of capital, but people were so greedy for money that it would only backfire on themselves.

There are times when they are quite knowledgeable, but can't control their emotions in their trading activities. So this can also be another reason why maximum profit is difficult to obtain. We know that people don't want to lose, they just want to profit all the time and this is absolutely impossible in trading.

AicecreaME

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It is because they rush things up, the reason is either because of jealousy, someone they know is already making huge amount of money in Trading and he is not, or he doesn't want to be left alone. The other thing is that they are not totally prepared, after learning the basics, they think that it is all that they are needed to pull off and make profits, but it is not.

Trading is about self-discipline and so much knowledge about it. Learning on your mistakes instead of letting yourself disappointed and frustrated after lossing a trade.

kanayaTabitha

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I remembered when i was a newbie in crypto trades, i was feel like a trading god when earned more than 50% profits in a day when the market is bullish.
Most newbies fault are they are just trades with feelings and just follow people say. And also their risk management is zero. They sometimes buy a coin when the coin is in bullish because FOMO, and doing a strong hold when the market going crash.

kamadazje

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Quote from: MFahad on December 04, 2021, 06:58:13 AM

Quote from: Realgogo on July 21, 2021, 03:32:53 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.

Big ptoblem in newbie is that they enter in cryptomarket just to buy memecoins in pancakeswap. Newbie are usually watch youtube video and they started to buy meme coins like shiba,Safemoon. They have no experience of trading, market rules . some of them even not know how to deposit and withdraw and their all trading depend upon friends help.

I could not agree more with you. Since crypto has become a hot topic, especially during this pandemic, many people have basically just made their way inside the market without even knowing what to do. They are also easily persuaded with enticing tactics and advertisements and think that crypto trading is just an easy thing to do. While being optimistic is not a bad thing, I think newbies have too much of it that they tend to overlook that they must be worried of the outcomes and risks of trading in crypto.

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Quote from: Realgogo on July 21, 2021, 03:32:53 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.

Big ptoblem in newbie is that they enter in cryptomarket just to buy memecoins in pancakeswap. Newbie are usually watch youtube video and they started to buy meme coins like shiba,Safemoon. They have no experience of trading, market rules . some of them even not know how to deposit and withdraw and their all trading depend upon friends help.

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A major sign that you don't have an exchanging plan isn't utilizing stop-misfortune orders. Stop orders come in a few assortments and can restrict misfortunes because of antagonistic development in a stock or the market all in all These orders will execute consequently once edges you set are met Tight stop misfortunes for the most part imply that misfortunes are covered before they become sizeable. In any case, there is a danger that a stop request on long positions might be carried out at levels beneath those predefined should the security abruptly hole lower—as happened to numerous financial backers during the Flash Crash. Indeed, even considering that idea the advantages of stop orders far offset the danger of halting out at a spontaneous cost.

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You are all conscious that making errors is an inevitable aspect of life. You will get knowledge from your own missteps and errors. In order to survive and succeed in trading, skilled traders frequently follow a set of actions. When new traders begin trading, they are unable to follow those guidelines. If newcomers lose money, they feel disappointed rather than moving forward to attain their objectives.

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Quote from: firmino10 on September 20, 2021, 04:02:01 PM

The major reason why newbies lose a lot of money in the market is due to lack of patience most newbies are not willing to submit to time to learn the skill sets that will give them an edge in the market. They just feel they can manipulate their way or learn a few strategy and start printing money. You have to submit to time and acquire the skill sets before you can even think of making a dollar from the market.

It is not all of the time that they lack of patience. It's also lack of experience because even if they lack of patience but if luckily, they've sold at the right time still they don't know when to buy back or make a profit for those trades.

About that feeling of printing money, someone who thinks like that as a newbie is thinking too much.

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The major reason why newbies lose a lot of money in the market is due to lack of patience most newbies are not willing to submit to time to learn the skill sets that will give them an edge in the market. They just feel they can manipulate their way or learn a few strategy and start printing money. You have to submit to time and acquire the skill sets before you can even think of making a dollar from the market.

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Quote from: kramchers on September 20, 2021, 02:22:32 AM

The majority of the novice are lack of knowledge, they always want a faster profit here were for them there is a shortcut but the truth is not.
Aside from that, some of them are too greedy, and also some feeling veterans or experts for a little bit idea they get where in the end always got lose their assets.

In fact, when they come to trade knowing about the wrong information from different people about crypto trading, they lose their money at a fast pace. They will not be able to stay in the market for long due to lack of knowledge about the market. Since they are affected in the wrong direction from their initial journey, they come after incurring huge losses in getting on the right track.

I have seen many traders who go for margin trading but they do not know how margin trading works. So newbies can't control their greed which leads to big losses.

Cornia

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Trading requires knowledge and practical experience. Many people acquire a little bit of knowledge and think them a scholar. And all these inexperienced scholars are losing their money in trading. A little learning is a dangerous thing. Ignorance is better than this.

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Calling them newbies already answers it well enough; they are new and lack experience.
Any successful trader who never lost money as a newbie is super lucky (I don't think that's possible though).
Losing money (as a newbie) is what eventually makes you take smarter decisions, learn more and finally, become a successful and professional trader.
That is how they become "experience"d trader.

kramchers

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Quote from: Realgogo on July 21, 2021, 03:32:53 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.

The majority of the novice are lack of knowledge, they always want a faster profit here were for them there is a shortcut but the truth is not.
Aside from that, some of them are too greedy, and also some feeling veterans or experts for a little bit idea they get where in the end always got lose their assets.

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In my opinion, most beginners suffer losses because they feel in a hurry and are obsessed with getting fast and big results. they can't really read the market and also analyze the market so they sell or buy coins at the wrong time. actually it's okay to make mistakes if after that you can learn from mistakes and fix them, but it's not easy to be a good trader because we have to want more effort and also think we have to be willing to work hard so we can follow the flow of the crypto market .

South Park

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It should be understood that most often beginners who do not have enough experience lose money. When I first started working with a broker from Amarkets, I used a demo account for training in order to minimize the risks.

How I wish that more newbies were like you but unfortunately this is not true, newbies not only make the mistake to begin their journey without even practicing their skills with a demo account, that is bad enough already but instead of beginning their journey with bitcoin or with a solid altcoin like ethereum they begin to invest in all kind of coins that no one has ever heard of and that is when they get in trouble and lose the majority of their capital without even understanding how this came to happen.

doremonchina

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Main problem of loss of new member in crypto is not proper learning system becouse crypto is not a game of children's if any one interested in this fueld that first keep patient becouse
patient is very necessary in crypto.

Rehan Zakir

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Because they did not know how to trade. Newbies take trades without doing any technical analysis or fundamental analysis. Without doing analysis, trading is very dangerous and that's why the newbies lost their money in trading. So, first learn and then take any action. Don't take any action without knowledge. It's an advice for you.

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Quote from: cryp24x on September 14, 2021, 01:46:08 PM

Quote from: Realgogo on July 21, 2021, 03:32:53 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.

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.

Sometimes when newbies begin to know many strategies, learn technical analysis, and have at least 2 or 3 plans that have been tested by other traders, their biggest mistake is to believe that the market moves based on what they think. or believe that the market moves based on technical indicators, many also pay academies where they are taught only technical analysis and believe that when they leave the study they have everything they need to get rich, and they begin to operate and that is where the biggest failure, because they think they know everything about the market.

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Quote from: juliepower on September 16, 2021, 01:11:34 AM

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.

It seems that greed in trading is not only the property of a beginner but a long time person is the same, the only difference is knowledge in anticipation. The longer people are involved, the longer they will be able to analyze well, this will not happen for beginners, even beginners are sometimes more daring to innovate which actually becomes a blunder.

I agree that the knowledge that ultimately distinguishes between beginners and the old and the old ones can control their patience and don't panic in all their actions, yes .... because they have experienced bad things in the past.

but if you invest in bitcoin there is nothing to be afraid of because after every halving, where once every 4 years, it is certain that bitcoin will reach renewable ATH, which is feared by investing in altcoins which may not exist in the stock market in the future.

sumant

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I think newbies want to make quick money. They don't have too much experience about trading. They see the coin all time high and thinking about their calculate their money. Because of this when coin falls from their buying price they will definitely going to sell that coin and purchased another coin. That's happening with them regularly and their balance is almost out of control. I have experienced same but now before buying we should know about project very deeply.

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