Cons:
- I had to count beats to know where I was in the song, there's no "resolution" back to beat 1. At first the kick is placed on beat 1, but around 1:30 you push it further down the measure and it messes everything up
- Percussions a little lackluster. I don't really like the repeating low noise going tshhh tshhh tshhh at 0:35. Maybe if it was higher/smoother and more like a hihat like you do around 0:50.
- The melody and harmony don't fit any scale. Since there's no clear scale, there's no root note, so there's no resolution back to the home chord. You will have to give the listener this feeling of resolution somehow otherwise it's easy to get lost.
- It's very repetitive.
Pros:
- Arpeggio on 2nd and 4th beat is always good. It's a classic used in many styles of music and will support your snare.
- There's a structure, with attempts at making parts sound different.
Overall:
I think it needs a lot of work but as boomlinde said, don't let that put you off. If you're new to music in general, the pentatonic scale is a good place to start to make music that sounds good without having to understand too much theory. And if you want to learn more theory, there's a great little website that covers the basics pretty well.