I think the same, trading new coins is incredibly risky and it is not difficult to know why, with a coin like bitcoin we have many years of records which can tells us how bitcoin has moved through different economic conditions and it tell us what we can expect out of it, but when it comes to a new coin there are no such records, and as such there is no way to know what it may happen while you are trading the coin, and when we add the low volume and the huge whales then predicting the movements of the coin becomes absolutely impossible.
No one can precisely predict what will happen to a new coin but you can get better idea on what's going on if you are keeping closely with the updates of the coin itself. Because if you have idea on what's going on, you can easily understand why their market is behaving on a certain trend so you can adjust your trading activities accordingly. But if you don't know where they are heading, you will be trading blindly and that is a very dangerous move for your funds.
While it is true that the markets are completely unpredictable, at the same time we know the vast majority of the coins that appear in the market disappear after only a few months or a year of existence, so when we take into account the odds, then an investment in those coins does not really make a lot of sense, I know that people will argue that you can obtain massive profits with those coins, and it is true, but since predicting which one will be the one that will give you profits is impossible then you are no longer trading but just wild guessing, and that is not really a way to make money in the markets consistently.