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?
Risk management is always first in any deal that is going to be completed, knowing the potential earnings as well as the amounts at stake if the trade goes against you. The previously mentioned counsel are totally right, understanding how to set boundaries for the number of trades to take per day regardless of how excellent the market is. Lack of trading structure will also cause newbies to lose a lot of money and will be unable to recover in the same trading position. If a market does not give good trading structure or entry, quit it because you may not be able to withstand what happens after you place your trade. Creating or implementing a trading strategy, sticking to it, and practicing until perfect and confident with it. Failing to use stop losses all because of greed, one of the crucial factor to watch out for when placing trade as a beginner.