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

[bettercrypto]

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.

[BitMaxz]

That's a pretty big amount to lose my guess is its a lack of knowledge about risk management he doesn't know how or where to set a stop-loss or maybe he don't know how to set a stop-loss which is why he ends up losing a huge amount.
Basic things are very important in the technical analysis if he didn't follow the basic analysis and if he randomly entered the market without analysis it would end up like this.
Fundamental analysis also helps to know where to exit and do deep research that is why as a trader(Not professional yet) you need to keep monitoring the news feeds and should not be greedy always set a take profit and a stop-loss to avoid big losses.

[milewilda]

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.

The confidence is there on which you would really be having that kind of mindset that trading is really just that easy. You would really be just simply buying on cheaper price and sell it on pump
which its really that just the basics but on the time that you are on such condition then you would really be finding yourself that getting fucked up and would be making out those realizations
that it was never been that easy. Its up to you whether you would really be that pursuing on having that idea or you would really be starting on learning it up start from the basics?
As for potential losses then trading could really give out that kind of devastating impact or disaster on which you cant really be able to make yourself be avoided.

[Jamal Aezaz]

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.

There is a great difference between experienced traders and newbies so we cannot say that they are doing the same thing as we are doing. Experienced traders predict about the market through market charts and they never blindly take steps whereas newbies does not know anything but choose coins randomly which become a cause of their failure.

Not only experts but newbies also don't want to loss money because money comes with hardwork but some people are not thinking well that without knowledge trading can be dangerous for them. You will learn day and night but when it comes to reality then you will realize that you have zero knowledge and will know that how difficult is the trading mechanism for newbies.

[Litzki1990]

Trading is not for everyone, to trade you need to have knowledge about trading, it doesn't matter who comes from which sector. Coming to trading without any kind of trading knowledge means jumping into the sea without knowing how to swim, because trading here without knowing about trading is sure to result in losses and the same happened with this trader. He has learned a very valuable lesson, which will remind him again and again not to trade without knowing how to trade.

I just like how you explained trading newbies as people that do not know how to swim but jump into the sea. But trading is more than that. Trading is up to someone that knows how to swim already but jumped into the sea and still seeing himself sinking and not able to successfully swim. Some traders will have the knowledge and experience and would have been trading for a long time but still losing.

It is true that experienced traders also make losses, but experienced traders are a little more careful in managing their funds than newbies. Because they know what they are doing so even if they lose they don't think about it that much because they know that profit and loss are part of trading. Despite having experience and skill in trading, many traders make losses mainly because of the behavior of the market.

No one can say anything for sure about the market so it is very common for a new trader to lose money just as an experienced trader can lose money. An experienced trader can lose money just like an ordinary trader can lose money but there is a lot of difference between an ordinary trader and an experienced trader. A normal trader takes utmost care in doing his business and they do not take trades at every level of the market whereas a new trader does not think so much and trades only by looking at the temporary volatility of the market. One person analyzes the market a lot while the other feels no need to do the analysis whereas the person who does the analysis and has enough skills is more likely to get the results in his favor.

[Gladitorcomeback]

You will learn day and night but when it comes to reality then you will realize that you have zero knowledge and will know that how difficult is the trading mechanism for newbies.

One wouldn't have zero knowledge if they learn day and night unless they have a mind that doesn't pick up and store anything. Unfortunately, if it's the case with any newbie trader then they will have a hard time learning everything. So the first thing that is needed in a trader is determination and the willpower to achieve something.

People like the one OP mentioned lose money because they are always in a hurry to make a lot of money which is what makes them go farther away from what they are trying to achieve. Even if a friend tells you something and that is a trusted friend, you should still do some research if you are going to spend money on that thing.

[emmybd]

Well, trading can go either way. If you have gathered sufficient knowledge and experience then it can be beneficial for you. If you start trading without getting enough knowledge then it can be dangerous for you. You can lose all your funds. Another important thing is greed it gets many traders down in the long run.

[Gladitorcomeback]

Well, trading can go either way. If you have gathered sufficient knowledge and experience then it can be beneficial for you. If you start trading without getting enough knowledge then it can be dangerous for you. You can lose all your funds. Another important thing is greed it gets many traders down in the long run.

Exactly, and those who believe in others more than themselves are the ones who lack confidence because they know they don't know much about the market or the cryptocurrencies they are trading, so they rely on the signals or suggestions provided by others and they act upon those suggestions without doing any research or understanding the market conditions hence incurring losses and then regretting.

They say knowledge is power, and this isn't only for a specific sector or category but it applies everywhere, so when someone in the market does not know, they will barely have the power to become successful and earn much or any money from it if they have zero knowledge about it.

[milewilda]

Well, trading can go either way. If you have gathered sufficient knowledge and experience then it can be beneficial for you. If you start trading without getting enough knowledge then it can be dangerous for you. You can lose all your funds. Another important thing is greed it gets many traders down in the long run.

Sooner or later you would really be able to realize for yourself on what are the things that you are dealing on with and on what are the conditions that you would really be able to meet up.
We do know that this isnt something that you could be able to handle it out well without proper knowledge and awareness on how market works but on the time that you are already that
knowledgeable into it then of course you would really be making out that kind of adjustments on which its a common approach. There are really those people who are really just that
too highly be reactive whenever they do experience loses. WHen it comes to confidence then its normal but on excessive manner then this is where things turns out to be shit.

[JISAN]

And it just shows that trading is not for everyone and that's why it is said to be lethal. And we even compare it to gambling already, although we can mitigate the risk in trading, but still there are a lot of unknowns and as we dig deeper, the more we would lose money here. And most likely the mindset of this tiktoker as well, maybe he thinks that it is easy money because of the success of his friends. But everyone is very different, his friends might be successful and he can even copy his trading, but it doesn't mean that he will get the same luck as his friends.

We all know that trading is very risky, so everyone must acquire good knowledge about trading before starting trading and must acquire good knowledge about market analysis and market research, otherwise there may be loss in trading. I also believe that trading is not for everyone. so if someone trades with risk himself then he has to take the responsibility of his loss.  So one cannot call trading lethal.

[Jamal Aezaz]

One wouldn't have zero knowledge if they learn day and night unless they have a mind that doesn't pick up and store anything. Unfortunately, if it's the case with any newbie trader then they will have a hard time learning everything. So the first thing that is needed in a trader is determination and the willpower to achieve something.

People like the one OP mentioned lose money because they are always in a hurry to make a lot of money which is what makes them go farther away from what they are trying to achieve. Even if a friend tells you something and that is a trusted friend, you should still do some research if you are going to spend money on that thing.

Learning and experiencing are two different things and if we just learn but don't practice these learning then we will not be able to take profit and with the passage of time we will forget that knowledge. The mind does not suggest your profit no matter how long you learn if you don't have practice, your knowledge will be incomplete.

It is important to be noted that if you are in the will to do trading then you will give time to learning and will practice it in reality because just learning cannot make you wealthy.

This is the reality that most of the people lose their money because they trust other people but don't search by themselves so they never realize the basics and accepting the suggestion of friends becomes risky for them.

[taufik123]

-snip-
It is important to be noted that if you are in the will to do trading then you will give time to learning and will practice it in reality because just learning cannot make you wealthy.
-snip-

Learning without practice will only be wishful thinking, and it will not add to the trading experience.
I myself started trading self-taught and began to learn the basics, after which began to practice how the basics of trading worked.

Over time, I began to get used to it and continue to learn how to trade properly and correctly, as well as train trading psychology.

[pacar_tiri]

-snip-
It is important to be noted that if you are in the will to do trading then you will give time to learning and will practice it in reality because just learning cannot make you wealthy.
-snip-

Learning without practice will only be wishful thinking, and it will not add to the trading experience.
I myself started trading self-taught and began to learn the basics, after which began to practice how the basics of trading worked.

Over time, I began to get used to it and continue to learn how to trade properly and correctly, as well as train trading psychology.

That's right, when trading but we don't see and feel market conditions directly then all the theory studied is useless, it's better when learning trading to immediately carry out trials using the capital money we have, don't use it all, use a little to study the market. Once we can understand the movement of coins in the market, we can increase the capital we use.

[Jamal Aezaz]

Learning without practice will only be wishful thinking, and it will not add to the trading experience.
I myself started trading self-taught and began to learn the basics, after which began to practice how the basics of trading worked.

Over time, I began to get used to it and continue to learn how to trade properly and correctly, as well as train trading psychology.

During the process of learning many people lost huge parts of their money and only those who are wealthy and u think self learning needs more time and more money as compared to taking help from a mentor at start. As you have learned by yourself without the involvement of any other individual then it's good but I think at the start people must take help from some experienced traders because every individual does not possess an active and brilliant mind.

If someone learns by himself then the next step should be putting money into useful coins for getting experience and checking how your learnt knowledge works and for it some amount of money is needed so I think take a start with little amount and learn well how to choose a coin which can lower the chances of your loss.

[taufik123]

-snip-
That's right, when trading, but we don't see and feel market conditions directly then all the theory studied is useless, it's better when learning trading to immediately carry out trials using the capital money we have, don't use it all, use a little to study the market. Once we can understand the movement of coins in the market, we can increase the capital we use.

Only use some capital or allocate a small amount to practice, so you know how the market works and what strategies you should implement.
Many indicators can also support trading properly and correctly.

-snip-
If someone learns by himself then the next step should be putting money into useful coins for getting experience and checking how your learnt knowledge works and for it some amount of money is needed so I think take a start with little amount and learn well how to choose a coin which can lower the chances of your loss.

Self-taught learning is a choice, whether you want to advance or not by learning everything from scratch or basic.
But if you have a friend or teacher who can teach you trading, then just absorb the knowledge and try to do your own research and then apply it.

Some useful coins or top coins can be a good choice to start with, but choose one that has a fairly good volume, or you can try Bitcoin or the top altcoins, Don't get into a new project that has very fast fluctuations.