One of the mistakes traders makes when coming into the space of trading and investing in the digital markets like Bitcoin is having the mindset of guaranteed instant wealth, most believe trading is an access to guaranteed wealth,. Not knowing that just like any other industry there are ups n downs and hard work on the right information, patience and time is the real rewarder not mere presence and availability, you can't join the police today and become an IG next month, you can't join the military today and become a general next week, you can't become a doctor today and turn a consultant tomorrow, just like every other field, success in trading cannot happen overnight
Funny enough I also made this mistake when I first started trading, I was misled and i lost heavily 
. I was made to believe trading gives wealth. Of course the few traders I knew then where doing well for themselves, so I believed I could also make it with my little knowledge. However, things didn't go as I expected and it had a great impact of my emotions. No one should get carried away with what people say about trading out there. They should make sure that they learn all they need to know about trading, practice alot and prepare their minds for anything. Yea, trading is risky, therefore they should work hard to manage those risks effectively.