But there is one thing you did not list above and that is knowing how to trade. You must know how to read the charts and listen to the fundamentals. You can understand that many newbies of these days does not know how to trade but they have been trading maybe after watching one or two YouTube videos.
and after losses, beginners with no trading skills find out they have to upgrade their trading skills. what you say is reality. many beginners are currently trading because they hear news related to crypto. they watch some videos then get a reference signal channel and follow it to trade.
maybe at this time, many novice traders are experiencing this phase. instead of looking for people who can teach them directly. or even just looking for additional information regarding strategies and how to read charts. All they think about is trading for quick profits.
Do you know to lose in trading have advantages, but the advantages depends on the amount you lose or you trade with, in a normal circumstances when someone who is a novice experience lost in trading it will not like a situation whereby such effect occur for the second time, it will take precautions to ensure that it has understand where the loopholes that makes the trade to result out negative or loss. And you know that we don't have a professional trader, all traders experience losses, so therefore i believe that no trader can as well said it have not experience loss and subsequent trader do escape loss because it has already know have experience. But newbies and experience trader needs to take adequate precautions so that losses will not occur. And secondly a trader needs to trade with what it can afford to lose, for me a trader needs to learn and understand the procedures of trading before venturing into it.