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.