Topic: i failed in day trading - page 6. (Read 1845 times)
Frankly speaking, it’s nothing major to lose in start, as some of the biggest names had torrid beginning, but it’s just from all that experience that one learns and grow into becoming big deal. If we manage that right, it’s a thing that’s enough and this is really where our focus needs to be. We should just continue to get Trading Education and it’s something that will get us through to right direction, it’s just what is needed to succeed.
If we failed at once, there should be a lessons learned after all. We must correct all those possible situation that leads the situations become redundant. Once you happen to determine the cause, avoiding it was too hard specially when you're usually doing it for good. However, day trading isn't an assurance for us in getting the 100% profit that we aimed because sometimes we need to be a long term holder just to correct all the possibilities that might bring you towards trading failures.
In theory every time you make a mistake you should try your best to try to correct it, by doing this you will slowly improve yourself and your abilities as a trader, but very few people have a precise idea of what they are doing when they are day trading, they do not really have an objective strategy that tells them exactly what to do and when so it is impossible for them to pinpoint their mistakes and if you cannot do that then it is impossible to correct them.If you want to improve as a trader then the first thing that you need to do is to modify your trading style in such a way that no matter what happens in the market you always know what you will do and once you do this then you can find your mistakes and then correct them.
If we failed at once, there should be a lessons learned after all. We must correct all those possible situation that leads the situations become redundant. Once you happen to determine the cause, avoiding it was too hard specially when you're usually doing it for good. However, day trading isn't an assurance for us in getting the 100% profit that we aimed because sometimes we need to be a long term holder just to correct all the possibilities that might bring you towards trading failures.
In theory every time you make a mistake you should try your best to try to correct it, by doing this you will slowly improve yourself and your abilities as a trader, but very few people have a precise idea of what they are doing when they are day trading, they do not really have an objective strategy that tells them exactly what to do and when so it is impossible for them to pinpoint their mistakes and if you cannot do that then it is impossible to correct them.If you want to improve as a trader then the first thing that you need to do is to modify your trading style in such a way that no matter what happens in the market you always know what you will do and once you do this then you can find your mistakes and then correct them.
If we failed at once, there should be a lessons learned after all. We must correct all those possible situation that leads the situations become redundant. Once you happen to determine the cause, avoiding it was too hard specially when you're usually doing it for good. However, day trading isn't an assurance for us in getting the 100% profit that we aimed because sometimes we need to be a long term holder just to correct all the possibilities that might bring you towards trading failures.
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
Day trading is not at all easy task as it is very difficult to make predictions daily about your investment or coins compared to long run where you can speculate price changes more accurately.So you just learn from your past mistakes and gain experience from them and failure is not a term for it.So just gain more knowledge and do research more accurately and gain profits.Don't get upset from your losses just change your strategy and move with the market. my question is about stocks not crypto
I have been trading since 2011. that’s what I do almost full time. a lot of people think you build your strategy and you are good for life. It’s not how it goes. you need to change your strategy all the time and sometimes your strategy can work really well and sometimes you could lose money. Even if you have good back-testing results that does not mean it would work in the market.
There are very good tools out there, but you need to have your thesis to use them well. for that you have to research all the time. that’s where you spend most of your time; in research, trading it self is automated. there is a lot of calculus, statistics, probabilities and linear algebra involved. It takes time to learn the terms to use these things, but it’s not hard if you are interested. the game is to find your strategy before others.
There are very good tools out there, but you need to have your thesis to use them well. for that you have to research all the time. that’s where you spend most of your time; in research, trading it self is automated. there is a lot of calculus, statistics, probabilities and linear algebra involved. It takes time to learn the terms to use these things, but it’s not hard if you are interested. the game is to find your strategy before others.
Doing day trading is really hard since you need to always check the market and their chart and it will consume a lot of time since you need to focus monitoring the prices if it will go up or down.
As you know, I failed doing day trading too and I change my way of trading. I do trade every weekend GMT timezone since that's the best time for trading and you need to have a target price and don't be too greedy.
actually daily trading is not difficult, we only determine when the right time to trade, so every exchange has a certain hour for the right time in trading, so I think as a daily trader we must be careful in determining the trading timeAs you know, I failed doing day trading too and I change my way of trading. I do trade every weekend GMT timezone since that's the best time for trading and you need to have a target price and don't be too greedy.
Im always check the price of the coins that I have in exchanges site but It's not difficult for me because I have plan remember the things who is hard become easy if a person plan or time management . Greediness will result a trader a bad result.
Doing day trading is really hard since you need to always check the market and their chart and it will consume a lot of time since you need to focus monitoring the prices if it will go up or down.
As you know, I failed doing day trading too and I change my way of trading. I do trade every weekend GMT timezone since that's the best time for trading and you need to have a target price and don't be too greedy.
Are you using weekly charts to trade the markets? Because that seem like a very slow way to trade especially this market in particular, I have tried my strategy using weekly charts and it losses money while if I use any other time frame faster than that it earns money and it is my theory that this is because my system can be more responsive to the changes in the market and gets me in and out of the market in a quicker way.As you know, I failed doing day trading too and I change my way of trading. I do trade every weekend GMT timezone since that's the best time for trading and you need to have a target price and don't be too greedy.
It will be interesting if you could give us at least an overview of the strategy that you are using since I have found no way to be profitable using such a large time frame.
Stocks are inevitably influenced by a lot of discreet factors that are unique to the individual case of each company, and there is almost always some tacit insider understanding going on.
Company insiders use many tactics to execute their trades ahead of publicly available information, so sudden unpredictable movements are commonplace in single stock trading. If you want to day trade, indices, commodities, fx, and fixed income should be your main areas of interest, with single stocks coming into focus only if you have specialist knowledge on an individual company...
Company insiders use many tactics to execute their trades ahead of publicly available information, so sudden unpredictable movements are commonplace in single stock trading. If you want to day trade, indices, commodities, fx, and fixed income should be your main areas of interest, with single stocks coming into focus only if you have specialist knowledge on an individual company...
Day trading is very high risky always. Not only you i think majority of the traders failed in that case. You will be never successful in daily trading within very short. Market is moving badly so i think weekly trading is the best way at the moment. Only a few months to research hard to be successful it’s totally very difficult because still you aren’t a experienced trader.
Remember you can be a good trader when you do it regularly. Day to day trading is more likely depending on the current new/hype of the community. Everyone knows cryptocurrency is very volatile but it can be predicted. We do have some trading tips here in this forum and the post of day traders, We can base on every situation they got and decide if what are we going to do if we experience the same situation. Learning from others is not bad at all. 
Doing day trading is really hard since you need to always check the market and their chart and it will consume a lot of time since you need to focus monitoring the prices if it will go up or down.
As you know, I failed doing day trading too and I change my way of trading. I do trade every weekend GMT timezone since that's the best time for trading and you need to have a target price and don't be too greedy.
As you know, I failed doing day trading too and I change my way of trading. I do trade every weekend GMT timezone since that's the best time for trading and you need to have a target price and don't be too greedy.
I always lost in trading. It was both fast and for a maximum of a week. As soon as I did not try to trade, anyway I got into a protracted transaction at least a month. And experience has nothing to do with it. It’s just tantamount to playing dice.
Incorrect, trading is a skill that can be learned but like any other skill it requires effort and time and most people are not willing to go through all of that in order to learn the skill, many people think that when it comes to trading it is all about luck and that those that are able to get consistent profits just got lucky, but that is not true what you need to do is to create a strategy that considers all aspects of trading.Once you have done that now it is time to apply your strategy regardless of what your feelings are telling you, I know this can be quite hard but it has to be done otherwise there is no point in having a strategy if you're not going to follow it.
Most of the trading investor read the big and complete guide to to start trading.so nice starting trading as a career in just need to invest very few amount and then I need to check the returns what we can make before you invest on it.
I suggest you to invest on top cryptocurrencies and make the trading bid as faster as possible in the the exchanges.
I suggest you to invest on top cryptocurrencies and make the trading bid as faster as possible in the the exchanges.
if a traders fail then it means more research needed. So not only does strategy need a traders. It also needs discipline and consistency in their strategy and research and analysis before all because this is the most important.and don't put emotion into the trade because more emotion has a higher chance of losing.
There's so many criteria for a traders to become successful in trading. One of this things are you nee to be aware and prepare for any circumstances that you might encounter when you are in the actual trade. Be a risk taker, be patience, must know how to
implement the use of right timing in trading, and don't panic if the price fall rapidly.
This strategy does not work for all people. A trader who decided to try himself in this type of trading should be very observant - you need to monitor quotes on-line. Operational thinking is also a must for a crypto trader. It is necessary to accurately determine the local current market entry. If a trader cannot determine such a point, then there is no point in trading within one day. You will have to work at a very fast pace also. If you cannot deal with it, do not start.
Based on the statements of my friends, the daily trade really brings very good profits and for many is the main source of income. But apparently, it is necessary to spend enough of your free time to monitor the crypto-currency market constantly, and also possess only valuable assets that really have a beautiful volatility every day. But nevertheless I do not know what the threat can hide.
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
my question is about stocks not crypto
Dude, no condition is permanent, you can't win all the time. So what if you failed for a day? Even professional traders with years of experience don't win every day because there are just bad days in life. In life we normally win some and lose some.
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
my question is about stocks not crypto
You may not be interested in crypto trading or stock, because it's not easy trading, it just looks easy because most people think Buy and sell but it's not that simple you need to know when to read graphs and candles stick to chart.
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
my question is about stocks not crypto
trading in stocks market more to basic technical analysis which is considered by many professional traders to be able to read stock market movements accurately and tend to be precise. I have several friends who just follow the advice of some trading analysis that provides information and daily trading advice that must be done. if you are not sure of the technical analysis that you learned yourself why not listen directly to suggestions from various sources that are actively providing technical analysis in the stock market? I'm sure in every trading community group has someone who gives advice on what to do in the market.
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
Actually, Technical analysis is much more of an emotional contest with you vs your mental ability. Many are able to learn technical analysis and its basics but most do not have the patience or the mental strength to survive in this market. Moreover day trading is even more difficult as everything happens so fast that before you can get a second thought about anything the time has already passed. So my advise to you whether it is stock is to prepare a strategy based on tools of technical analysis which you have learned. Then back test the strategy atleast on 30 occasions. Then you need to practice this strategy with your setup for atleast a 100 trades and you have to stick only to your setup and nothing else. Only this way you would be able to achieve success in day trading. Stick to your plan always even if it giving loss. my question is about stocks not crypto
I have zero knowledge about TA, more reason I don't engage on trading, but I was in a telegram group where a guy normally give trading signals, make some call and he is always 90% right,
I stop following because it was really time consuming for me, I think there are people who are good in TA, at least from what i saw on that group most calls where always right and all members do make profit, many people rely on his signals to buy and sell.
I stop following because it was really time consuming for me, I think there are people who are good in TA, at least from what i saw on that group most calls where always right and all members do make profit, many people rely on his signals to buy and sell.
Jump to: