there are no traders who succeed instantaneously, all traders must have suffered losses, besides a number of reasons explained above, we need to make our own decisions without having to be tempted by issues or speculation, and also I think we need a luck factor too
Even learned traders experience loses, trading not only depends into one person or one project, it involves community and groups of people who have different strategies and thinking in those many existing coin that are listed. Keep on trying out of many coins there might be atleast one that will give us success.