Quote from: blackened515 on Today at 03:45:45 PM

Quote from: CryptocurencyKing on Today at 02:52:39 PM

Never the less, greed has been the downfall of many traders and the reason why, most tends to make a few and loose even more. Because, they want to get everything they see on the chats. Not trading gives them the impression of they are loosing or missing something and should they trade, they end up loosing. In essence, not trading could be saving your a** from loses.

Also Laziness have also contributed to the downfall of many traders. Many traders especially Newbies are so lazy to conduct their personal research before putting their money on a particular coin. Although, I understand that making research doesn't guarantee that you won't lose. But, I'm quite sure that it definitely reduce lost In trade. However, trades should normalize trading the amount they can afford to loose.

That is very common among newbies, they believe they can make money in the market without the need to make any effort and this is a huge mistake, after all in every single activity I can think of the ones that are the hardest working will always have an advantage over the rest which do not work as hard.

However when it comes to trading this advantage is even more noticeable as you are competing directly against other traders and investors, which is the main reason why we see newbies losing massive amounts of money just months after they enter this market.