Trading can be lethal - Famous Tik Toker lost $72k in trading

[Sim_card]

Even though they are very experienced in trading, that doesn't mean they will be free from losses. No matter what their experience is like or how extensive their knowledge is, in trading losses are something they will encounter.

However, what is different is that someone with experience will better understand how they can minimize risks, how they can recover quickly from losses or other things. My decline is one of the differences that we can see.

Loses are indeed that inevitable on which the main reason on why those pros and newbies would be having significant difference is that they do know on what they should gonna do with these circumstances.Whereas, if you are already that experienced or knowledgeable then you do really know on what you should gonna do. Although it wont really be giving out that sure thing
about success or profits but at least you do already know on what you should gonna do in compared into those people who are having no idea on what they are really that doing or gonna do.
You would really be able to see the significant difference in between two when experience is really something in talks.

That's what differentiates experienced traders from beginner traders. Those who are experienced will definitely get up and quickly take action when they feel a loss. Their experience and knowledge is very helpful in this regard.

Meanwhile, those who are inexperienced may tend not to be able to do anything, because of course a loss is something difficult for them to experience. They had to gather their mentality again because of the losses they experienced.

That's the truth of what you said, because most of the other beginners in trading feel that the well-experienced traders are at the same level as them, so they lose in the end when they do actual trading.

Even though the experts don't want to lose in their trading, they still can't avoid the fact that the analysis they do on the chart or graph is wrong because the market is unpredictable, which is the difference between actual trading and the theory of learning.

In trading theory is nothing because trading is practical and you what you learnt about the market in theory is different from what you will see in the market. This is why experience is the only way out for you to become a professional trader. It is through practical that you will know the tools and trading strategy that works for you. A professional trader knows how to manage his losses but a new trader does not know and cannot control his emotion after loss.

[kulkhan]

Trading is not too easy things. To be a good trader anyone can need huge study, And practice.  Without proper knowledge and practice anyone will be losser. We knew A tik Toker lost $72k in trading. Yes it is very easy to loss in trade. Because Tik Toker can be very popular but his knowledge about crypto and trading is not sufficient i think,  so he lost his fund.

[bayu7adi]

Trading is not too easy things. To be a good trader anyone can need huge study, And practice.  Without proper knowledge and practice anyone will be losser. We knew A tik Toker lost $72k in trading. Yes it is very easy to loss in trade. Because Tik Toker can be very popular but his knowledge about crypto and trading is not sufficient i think,  so he lost his fund.

In the news provided by the OP, he admitted that he was greedy so he lost more... but I googled again for more complete news but couldn't find it... maybe that's just a personal opinion...

The biggest possibility is that he lacks knowledge about the world of cryptocurrency so he could be a victim of fraud, or maybe he doesn't have any knowledge to trade cryptocurrency, but forces himself to trade...

[Jamal Aezaz]

Trading is not too easy things. To be a good trader anyone can need huge study, And practice.  Without proper knowledge and practice anyone will be losser. We knew A tik Toker lost $72k in trading. Yes it is very easy to loss in trade. Because Tik Toker can be very popular but his knowledge about crypto and trading is not sufficient i think,  so he lost his fund.

As risky the trading is so more is the study needed for it to understand because sometimes people think of it as a simple way of buying and selling but it is not as simple as that of people predict.

First knowledge is necessary and then we will use this knowledge to get experience in trading but most of the people lose their hopes during the process of getting experience. I think we should keep in mind that as we desire to take profit so loss will also come in our way and this loss is not for discouraging you but it happens only to increase your knowledge and cease the repetition of such mistakes again.

Popularity does not make a person profitable but an accurate knowledge will make you profitable if you use it during accurate timing and also think about your next step with great care and a relaxed mind.

[kulkhan]

Trading is not too easy things. To be a good trader anyone can need huge study, And practice.  Without proper knowledge and practice anyone will be losser. We knew A tik Toker lost $72k in trading. Yes it is very easy to loss in trade. Because Tik Toker can be very popular but his knowledge about crypto and trading is not sufficient i think,  so he lost his fund.

As risky the trading is so more is the study needed for it to understand because sometimes people think of it as a simple way of buying and selling but it is not as simple as that of people predict.

First knowledge is necessary and then we will use this knowledge to get experience in trading but most of the people lose their hopes during the process of getting experience. I think we should keep in mind that as we desire to take profit so loss will also come in our way and this loss is not for discouraging you but it happens only to increase your knowledge and cease the repetition of such mistakes again.

Popularity does not make a person profitable but an accurate knowledge will make you profitable if you use it during accurate timing and also think about your next step with great care and a relaxed mind.

+1 You told correct. Popularity does not make a person profitable in trading. To profit in trading need proper knowledge and practical experience. Otherwise he will be losser either he were most popular person.

Not reputation not popularly to profit in trading need knowledge about cryptocurrency and trading.

[Mr. Magkaisa]

       -   I think that there is something wrong between the tiktoker's friend and the tiktoker himself. Yes, it's true that it's normal to lose in trading because that's really part of being a trader. But it's wrong to just say invest more to make up for the loss; he should have told him first that before investing in cryptos, learn trading carefully because it's actually easy to invest.

And it's wrong for the tiktoker to just listen to what his friend said and didn't even study the practice of trading in the crypto space; he should have known first why he lost, looked for where he went wrong, and corrected this mistake if he just didn't do it like that. Rather, he left what he did to what other people said without even thinking carefully, so that's the result.

[Crypto Library]

This kind of phenomenon is not new, and it is also not unusual for a person who knows nothing about trading to trade only because of greed, and they will face losses. There are many people I know who don't know anything about trading who used 7k dollar future trade and lost it all. Even after I warned them repeatedly, they did not obey my prohibition, because of greed, started trading with this much fund and as a result lost their money and regretted later. I think that such public who think about trading that they can easily become big people by coming here are wrong. Trading is very complex and requires skill which is time consuming and those who don't accept it suffer huge losses.

[vegasus]

Previously, I was concerned about what happened to the TikToker. And then, this becomes a lesson again and again for all of us to be more careful in the future.

Trading is not too easy things. To be a good trader anyone can need huge study, And practice.  Without proper knowledge and practice anyone will be losser. We knew A tik Toker lost $72k in trading. Yes it is very easy to loss in trade. Because Tik Toker can be very popular but his knowledge about crypto and trading is not sufficient i think,  so he lost his fund.

This is the reason.

There are several things we can take from this incident:
1. Take a lesson that don't act rashly and just FOMO to do something that we don't really understand
2. It is important to equip yourself first with various knowledge and insights related to anything, especially when you want to do something related to money.
3. Don't try to trade if you don't understand the risks and only think about the target you want to achieve.
4. Learn step by step, when we start trading, make sure we are able to manage our finances so that we can be wiser in spending money on trading according to what we can afford, don't force yourself even though we have a lot of money. because money can disappear very quickly if we are careless and don't have good financial management. especially in trading, because this is high risk.

[Jamal Aezaz]

+1 You told correct. Popularity does not make a person profitable in trading. To profit in trading need proper knowledge and practical experience. Otherwise he will be losser either he were most popular person.

Not reputation not popularly to profit in trading need knowledge about cryptocurrency and trading.

No matter how popular you are if you have no knowledge then you cannot become a profitable traders so I think it is necessary to learn about trading instead of getting popularity to be a successful trader.

It is necessary to learn well and then practice through trading with little amount of money so in this way you will learn how to choose coins and how to buy and sell according to your profit. I don't think that if you are a celebrity then you will also be a successful trader because in some fields you will be successful and in some you will not depend on hard work, talent, experience and knowledge.

[pieppiep]

Previously, I was concerned about what happened to the TikToker. And then, this becomes a lesson again and again for all of us to be more careful in the future.

Trading is not too easy things. To be a good trader anyone can need huge study, And practice.  Without proper knowledge and practice anyone will be losser. We knew A tik Toker lost $72k in trading. Yes it is very easy to loss in trade. Because Tik Toker can be very popular but his knowledge about crypto and trading is not sufficient i think,  so he lost his fund.

This is the reason.

There are several things we can take from this incident:
1. Take a lesson that don't act rashly and just FOMO to do something that we don't really understand
2. It is important to equip yourself first with various knowledge and insights related to anything, especially when you want to do something related to money.
3. Don't try to trade if you don't understand the risks and only think about the target you want to achieve.
4. Learn step by step, when we start trading, make sure we are able to manage our finances so that we can be wiser in spending money on trading according to what we can afford, don't force yourself even though we have a lot of money. because money can disappear very quickly if we are careless and don't have good financial management. especially in trading, because this is high risk.

Usually those who often see several people who have succeeded in making a lot of profit from Cryptocurrency and spread it across several social media make them influenced to try as those who have succeeded in making a profit from Cryptocurrency have done. Many of them only care about the profits they manage to make, without looking at the process and how much money they have spent to get big profits.