Managing funds is exactly very important in trading. We may not deny that higher capital may let us earn higher gains or profits. But this also requires higher risks of losing higher money. This will definetely depend on our skill and ability of trading, not only based on trading strategy but also controls of our emotions and funds. But generally, in facy, most newbies are lack of these. So, they may not be able to control and manage their capital money and head to lose much.

I do agree that mistakes made by newbies are actualy quite similar from time to times. Althiugh there are many lessons shared here about trading strategy for beginner, not all newbies are willing to read and learn. They focus more on trial to earn much more money without thinking about money management and trading strategy very well.