Most of the newbies in crypto space believe once they have a large capital they will definitely succeed in the crypto space, but they are wrong, not knowing that if you can't grow/manage a small account, you can't grow/manage a big account either, their are common mistakes they usually make an I will be giving out tips on how to avoid them,
* Over trading-- it's very important for a day trader to limit the number of trade he/she took in a day.
* Lack of trading plan-- develop a strategy an stick to it, do not ever enters a trade blindly, if not the market will remove you blindly.
* Failure to use stop-loss-- to me it's the most important thing I do while trading, an it's always close to my entry price, I do it that way so that if the trade didn't go as planned, I won't lose more than 10% of my margin.
I don't if anyone have more to add, so I can also learn?
These are just some reasons but the mean reason why a newbie usually had fail is because of uncontrollable emotions.
Because even you have a concrete plan and use effective strategies but if you were still get affected easily by the FUDs and negative news, I was certain that you will get out of focus and in your plan. You will go in a different direction because what it dictates to you now is your mind, not the plan that you have set.
Experience will teach everything and mistakes will then open our mind where we got wrong. So, don't get afraid of losing because this will lead us the way to improve ourselves