Some of us doesn't make proper research before they establish trading, and that's the reason why some of us continue to experience loss in any attempt they made in trading...I have some things to outline for we to consider first before we go into trading so that when we experience loss we can be able to know why we loss, neither big or small..many people has lost their funds because of trading, and they joined trading because of side news they had from people that with trading you can become a billionaire, so news is what triggers people who doesn't know basic ways of trading to join trading with hope that they will make it in trading without understanding the scopes of trading first.
This is what we are to understand first before we go into trading
• We need to learn and understand the key roles of trading before we go into trading
• To know that trading have advantages and disadvantages
• The risk in trading can lead you to lose whatever you have
• We are to know the market analysis of trading before we join trading
• Most important, to understand the Risk management
• The final, To know when to buy and when to sell
I think most of the newbies doesn't make inquiries before they go into trading, and that has been the reason why they continued to experience losses, making research and understanding the concepts of trading will make people who is new in trading to at least not to loss too much...
You are correct all the things you have listed out will really help prevent traders from losing a lot of money, there's one thing I have noticed this days newbies into trading don't learn about trading before they go into it when they just hear that someone is making huge amount of money from trading they quickly start trading and then start losing they forget they need to first learn about trading very well before starting trading is not like Bitcoin investment where you can just start with the little knowledge of buying and holding in trading you have to know a lot of things meaning you most be patient and again there's this narrative that is going around now that as soon as you start trading you will start making huge amount of money which is not true when you start trading you may be losing a lot of money but as time goes on you will start gaining experience from it and then start earning and lastly as a newbie into trading don't trade with money you can't afford to lose is just better you use a very small percent from your Discretionary income to trade, but if trading is the only thing you invest your discretionary income with and you see that you are making profit then you can use more percentage of your discretionary income.