Taking the time to learn and plan in this market is essential to avoid losing too much, especially for newbies. A lot of newbies, they just want to make money quickly but don't want to learn the knowledge and strategies, so losses are easy to happen.
After you learn and plan how you will trade, you need to practice the lesson because, with practice, you will have an experience that can help you improve your trading skill. Perhaps, it needs a long time before you can know how to make the right analysis so you can determine the time to trade. However, you can't always hope that your analysis will be right from one trading to another trading because the market will always change. You just need to prepare for that.