i failed in day trading - page 3. | Bitcointalksearch.org

Edraket31

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Quote from: rijaljun on October 21, 2019, 03:11:52 AM

Quote from: Serco on October 21, 2019, 12:48:20 AM

when they trade using demo account usually result will be better than using real account.psychology and mental totally will different.traders easily open new transaction without any pressure when using demo account, so they could think clearly or even just get lucky.meanwhile when we using real account , every transaction will analize carefully .sometime we scare to open although our analisys correct.this is will be problem we dont trained our mental and psychology too.

That's absolutely what I tried to say. Thank you for completing my opinion!
Sometimes we are to scared to put investment and lose a big opportunity, sometimes we are too confidence and lose a big money. The second one is sometimes caused by this demo account.

Again, I didn't find a crypto or stock platform that give a demo account and intentionally let potential users to win more to attract them, but we need to be careful from the start.

For me you are not yet failure in trading as long as you didn't stop or quit yet, failing and losing some money is just normal in trading while you are studying it, you are earning and learning thru your experience at the same time, you have to bring a lot of patience, as trading is not instant, although you are sure of your chart reading, still the market is unpredictable and can be reverse anytime.

rijaljun

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Quote from: Serco on October 21, 2019, 12:48:20 AM

when they trade using demo account usually result will be better than using real account.psychology and mental totally will different.traders easily open new transaction without any pressure when using demo account, so they could think clearly or even just get lucky.meanwhile when we using real account , every transaction will analize carefully .sometime we scare to open although our analisys correct.this is will be problem we dont trained our mental and psychology too.

That's absolutely what I tried to say. Thank you for completing my opinion!
Sometimes we are to scared to put investment and lose a big opportunity, sometimes we are too confidence and lose a big money. The second one is sometimes caused by this demo account.

Again, I didn't find a crypto or stock platform that give a demo account and intentionally let potential users to win more to attract them, but we need to be careful from the start.

glendall

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Quote from: KnightElite on October 20, 2019, 08:23:23 AM

I'm not afraid to fail because for me failing is a way for me to learn new information. Failing for me means that I need to improve something. You can minimize your losses in day trading if you will improve your skills.

how can we minimize losses by following daily trading? this is suicide, daily trading has a greater risk than weekly traders,
and always remember to learn from failure, because with failure we can be more careful in making decisions.

Serco

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Quote from: rijaljun on October 21, 2019, 12:27:59 AM

Quote from: BigBos on October 20, 2019, 01:27:24 PM

yes, sometimes the demo always seems easier than entering directly into the market. however, I always think that demo trading always shows the real market condition, am I wrong? Well, to be honest, I've never used a demo about trading. if I want to do it, or study, I will enter the market. of course, with a minimum deposit.

Trying demo account to understand the trading technique is good for new trader. But please don't be easily believe the result cause it might be very different with real trading. I just don't want new traders fall into scam platforms just because they make easy profits using demo account.

when they trade using demo account usually result will be better than using real account.psychology and mental totally will different.traders easily open new transaction without any pressure when using demo account, so they could think clearly or even just get lucky.meanwhile when we using real account , every transaction will analize carefully .sometime we scare to open although our analisys correct.this is will be problem we dont trained our mental and psychology too.

rijaljun

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Quote from: BigBos on October 20, 2019, 01:27:24 PM

yes, sometimes the demo always seems easier than entering directly into the market. however, I always think that demo trading always shows the real market condition, am I wrong? Well, to be honest, I've never used a demo about trading. if I want to do it, or study, I will enter the market. of course, with a minimum deposit.

Trying demo account to understand the trading technique is good for new trader. But please don't be easily believe the result cause it might be very different with real trading. I just don't want new traders fall into scam platforms just because they make easy profits using demo account.

HarmonyA

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To be a stock trader you should initially figure out how to contribute. You should know the items and the business sectors wherein they exchange, how security exchanges are cleared and all the more critically you should know the principles that administer those items and markets. So you should realize what you're doing, for what reason you're doing it, and how to do it.

You need a composed sound trading plan with rules that won't just help you yet more significantly ensure you, for the most part from yourself.

- A composed money management program is basic.
- You should have adequate trading/investment capital.
- You should have adequate exchanging/speculation capital.
- A full and complete comprehension of the guidelines of the business.

In summary, to comprehend day trading of stocks, you should study more.

Triffin

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Quote from: KnightElite on October 20, 2019, 08:23:23 AM

I'm not afraid to fail because for me failing is a way for me to learn new information. Failing for me means that I need to improve something. You can minimize your losses in day trading if you will improve your skills.

I am very happy about your mind-set like most of the people after failure do not think that failure is a means of learning, they just lose their heart and then give up considering themselves as failure. I think everybody should learn from their own failures and experiences. I think day trading is just another name of experience and knowledge, so day trading need these two things.

BigBos

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Quote from: rijaljun on October 20, 2019, 07:28:21 AM

Quote from: erickastella on October 19, 2019, 11:51:02 AM

all need my brother's process, use your bitter experience as a shield for your future, keep learning and learning, my advice is try to use a demo account to be able to understand further and if you have big capital do not jump all in little by little as long as profit, in this world there is no success without failure.

Demo account sucks! come on!
There are a lot of platforms providing demo account and free capital to play and I can say most of them are using demo to attract people to join by giving them more winning, this mostly happens on forex or binary platforms.

I didn't find this strategy on stock or crypto trading platforms and it's always okay to use demo but just don't be easily believe it as the real trade could be much harder.

yes, sometimes the demo always seems easier than entering directly into the market. however, I always think that demo trading always shows the real market condition, am I wrong? Well, to be honest, I've never used a demo about trading. if I want to do it, or study, I will enter the market. of course, with a minimum deposit.

cryptothreads

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Quote from: KnightElite on October 20, 2019, 08:23:23 AM

I'm not afraid to fail because for me failing is a way for me to learn new information. Failing for me means that I need to improve something. You can minimize your losses in day trading if you will improve your skills.

Any investor will go through this period and it is your worst time to enter this market. Last year I failed to make a profit but I did not give up because this year I have a new investment strategy to be able to make money the safest way in this market. Of course there will be times when I feel very depressed but then I continue and always learn new knowledge.

In fact, very few investors have great patience because they do not have good faith in the projects they invest in and often panic when bad news appears.

KnightElite

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I'm not afraid to fail because for me failing is a way for me to learn new information. Failing for me means that I need to improve something. You can minimize your losses in day trading if you will improve your skills.

rijaljun

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Quote from: erickastella on October 19, 2019, 11:51:02 AM

all need my brother's process, use your bitter experience as a shield for your future, keep learning and learning, my advice is try to use a demo account to be able to understand further and if you have big capital do not jump all in little by little as long as profit, in this world there is no success without failure.

Demo account sucks! come on!
There are a lot of platforms providing demo account and free capital to play and I can say most of them are using demo to attract people to join by giving them more winning, this mostly happens on forex or binary platforms.

I didn't find this strategy on stock or crypto trading platforms and it's always okay to use demo but just don't be easily believe it as the real trade could be much harder.

arifteguhr

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Quote from: ringgo96 on October 19, 2019, 10:01:09 AM

Usually what makes someone fail in scalping or trading on a daily basis is that they cannot be consistent with the plan that has been prepared. the result of greed is causing chaos in planing trading. this is usually what I face or scalping to be applied.so that emotions can be controlled is indeed quite difficult in practice

following the rules with daily targets or when prices go down is sometimes a problem for most traders. ambition with greater profits makes them raise targets when prices are experiencing an increase. I think it can be a lesson when I want to trade in the next period.that way we already know the risk

Colt81

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Quote from: Edraket31 on October 20, 2019, 02:23:41 AM

Quote from: wxa7115 on October 19, 2019, 02:57:21 PM

Quote from: dunfida on October 15, 2019, 06:32:15 PM

Mistakes are the stepping stones of learning and if you dont accept and learn from those things then you would really be stucked up with that trading style.
Always make a room for improvement because trading isnt something that can be attained easily specially when we do talk about profitability.It will always takes
time and lots of trials and errors along the day.Failing for few numbers isnt a valid reason for you to quit but hey its our own choice though since its our own lives and own funds.

This is something that many do not seem to recognize, making mistakes from time to time its fine this just means that you have room for improvement, the dilemma appears when instead of doing something people do not really do anything about it, this can be very problematic because if you do not correct your mistakes you are bound to repeat them and when it comes to trading mistakes can be very costly.

This is especially true when you are trying day trading which is a style of trading in which you need to make many trades per day, this makes the possibility of making a blunder very high compared to a style of trading that only requires a few trades per month.

Mistakes, losses, failure are not reason for us not to pursue trading if we really want to, actually it is easy to learn trading now as we do have a lot of free tutorials in youtube, all we have to do is to watch everything we needed, let us not procrastinate if we want to change our life, there is no magic in trading it is a process too, you will only fail if you will quit.

Indeed. Technical analysis in not enough for you to be good in trading. Everyone have experienced making mistakes in doing trading for their first time because it is not really that easy to trade, that is why a lot of people always experience losses and regrets. For you to have improvement in trading you should ask people who has more experienced in trading and watch video tutorials on what ways and strategies do they do in trading because these things that i do when it's my first time in trading .

Edraket31

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Quote from: wxa7115 on October 19, 2019, 02:57:21 PM

Quote from: dunfida on October 15, 2019, 06:32:15 PM

Mistakes are the stepping stones of learning and if you dont accept and learn from those things then you would really be stucked up with that trading style.
Always make a room for improvement because trading isnt something that can be attained easily specially when we do talk about profitability.It will always takes
time and lots of trials and errors along the day.Failing for few numbers isnt a valid reason for you to quit but hey its our own choice though since its our own lives and own funds.

This is something that many do not seem to recognize, making mistakes from time to time its fine this just means that you have room for improvement, the dilemma appears when instead of doing something people do not really do anything about it, this can be very problematic because if you do not correct your mistakes you are bound to repeat them and when it comes to trading mistakes can be very costly.

This is especially true when you are trying day trading which is a style of trading in which you need to make many trades per day, this makes the possibility of making a blunder very high compared to a style of trading that only requires a few trades per month.

Mistakes, losses, failure are not reason for us not to pursue trading if we really want to, actually it is easy to learn trading now as we do have a lot of free tutorials in youtube, all we have to do is to watch everything we needed, let us not procrastinate if we want to change our life, there is no magic in trading it is a process too, you will only fail if you will quit.

wxa7115

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Quote from: dunfida on October 15, 2019, 06:32:15 PM

Mistakes are the stepping stones of learning and if you dont accept and learn from those things then you would really be stucked up with that trading style.
Always make a room for improvement because trading isnt something that can be attained easily specially when we do talk about profitability.It will always takes
time and lots of trials and errors along the day.Failing for few numbers isnt a valid reason for you to quit but hey its our own choice though since its our own lives and own funds.

This is something that many do not seem to recognize, making mistakes from time to time its fine this just means that you have room for improvement, the dilemma appears when instead of doing something people do not really do anything about it, this can be very problematic because if you do not correct your mistakes you are bound to repeat them and when it comes to trading mistakes can be very costly.

This is especially true when you are trying day trading which is a style of trading in which you need to make many trades per day, this makes the possibility of making a blunder very high compared to a style of trading that only requires a few trades per month.

doomloop

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I think trading failure is the best experience, many factors that cause trading failures include lack of analysis, wrong choice of coins, wrong decision when to sell and buy and other things. right now trading must be managed well even if it's just daily trading, I think managing those trades is important for traders

All the factors enlisted by you which often lead to failure in day trading. Day trading is a tough job and believes that you need to be highly active mentally and emotionally stable to carry out day trading. I am that is why not much inclined towards day trading exchanges because they do show you chances of winning good profit but usually people fail to do so.

erickastella

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all need my brother's process, use your bitter experience as a shield for your future, keep learning and learning, my advice is try to use a demo account to be able to understand further and if you have big capital do not jump all in little by little as long as profit, in this world there is no success without failure.

supercanada1

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Quote from: rijaljun on October 18, 2019, 05:00:28 AM

Theoretically, stock trading and crypto trading is not much different but when it comes into real practice, it would look very different and this is not a big problem. It's normal as you may not have enough experience yet to practice. So just go on, mistake made - learn it - things done right.

Quote from: Genemind on October 17, 2019, 11:06:10 AM

Don't rely too much on technical analysis. Why do you have to rely your decisions on signals if you could make your own strategy in trading? If you're failing, then try to check whether your strategy is still applicable. Try to do a series of research and just have continuous learning. The market is really unpredictable so you have to deal with the changes and take it as an opportunity to earn by applying the basics of trading which is to buy low and to sell high.

Technical analysis is good for short-term trading while fundamental analysis is more for long-term trades or holding so he wasn't wrong at all in choosing his analysis and it's just about experience.

Also, he wasn't talking about signals and stock market is more predictable than crypto. You seem either didn't read the whole OP post or didn't try to understand what he is asking about.

Spamming signature, aren't you?

I am also of the opinion that analysis play a very important role in making right decision at right time in this world of digital trading. You cannot make all decisions on your own, without reading experts views and technical analysis taken. With the passage of time, as the trader gets more experience he can get more benefit from such tools. No one can blow arrows in air when dealing with assets like bitcoin and Ethereum.

ringgo96

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Usually what makes someone fail in scalping or trading on a daily basis is that they cannot be consistent with the plan that has been prepared. the result of greed is causing chaos in planing trading. this is usually what I face or scalping to be applied.so that emotions can be controlled is indeed quite difficult in practice

DGulari

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Quote from: gandame on October 19, 2019, 06:11:37 AM

Quote from: Coolman4 on September 15, 2019, 05:40:04 AM

i have learn technical analysis and practicing it for many months now i am good at it , but when it comes to day trading stocks move as market moves if markets go up stocks go up and if market falls stocks fall where does technical analysis , how to do day trading

my question is about stocks not crypto

I've never been in stocks market but i think its also the same in trading crypto because you don't even know when the price goes up and down.
So maybe learn more about analysis in stock so that you will get a good strategy.

You can't simply said like stock and crypto in trading are same. Both are different, in stock you still can analysis whether the price in future by judging by their company and bussiness (it will be longterm or not), while in crypto, everyday full of unpredicted thing. You can't even predict in the future in crypto.
That's why even you already experienced in stock, doesn't mean you can do same thing in crypto

Topic: i failed in day trading - page 3. (Read 1785 times)