Absolutely true, newbies tend to invest a lot in trading after hearing some good shills. Later on got loss when the coin got rekt. Lesson to this is to learn first about the company behind you are investing or else everything you will spend is gambling.
When i started trading i didn't know about money management , risk to reward , psychology and many things
I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning