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.