i failed in day trading - page 8. | Bitcointalksearch.org

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

Doesn't matter whether question is about stock or crypto, the solution is that you have to give up on day trading. Do you feel happy every day? I think no but sometimes there are moments which make you happy, for example gifts and etc, can say the same about trading too. New day isn't new opportunity here, sometimes it's better to take day off, maybe even weeks, your target must be to catch good moment when it worths for you to buy or sell bitcoin. With catching good moments, you'll gain profit. Everyday trading will make you anxious and possibly lead to loss.

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

You started your trading journey in the most difficult way by trying day trading, if you spent so much time learning technical analysis and practicing it then you should have read or at least heard that the most difficult way to trade is to day trade, and that is because in order to be profitable you need to be incredibly fast when it comes to your decision making ability, if you are too slow then it is impossible to be profitable.

Now you may wonder how fast you need to be in order to be a day trader? And the truth is that if you are unable to take decisions in a matter of seconds then you are probably not ready to be a day trader.

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

You learn TA yet you don’t know how to do day trading? Well, you are on the right place with a confused mind and if use TA on a day trading it can help you on to make profit. If doubt to do day trading then make your strenght the length of your timeline, try to trade long where TA are more accurate and safe because for me day trading is too risky for a newbie.

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For some reason, my friends always say that daily trading carries a much greater risk than trading for a longer period and there is no free time because of this. In addition, I want to pay tribute that it is day trading that gives the best income, but will have to take more risks. I have not tried using day trading yet, but I want to learn and gain some experience using YouTube video examples.

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

If you are already profitable with your strategy trading TA on a swing why would you want to even contemplate day trading? What really matters in this business is ability to keep any profit one has made, whether one trades the Fundamentals or Technicals, swings, position trading or day. To that end, I advise you you to stick to your winning game.

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Quote from: btcmegastar on September 23, 2019, 01:05:23 AM

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Quote from: Flor1982 on September 22, 2019, 07:44:45 PM

Maybe what you have learned in trading in stock market is not enough that is why you always got failed in this field so i suggest that extend your patience and learn more from the experts but if still did not work then maybe trading is not meant for you as being skilled in trading is sometime need to be associated with luck.

Most of the time this two factors needs to be combined, you need to have lots of patience and some good luck in order to place the order in its perfect timing. If things is not working perfectly even you already done everything to enhance your opportunities best not to proceed and find other things, maybe trading is not for you and you need to move on.

Yes, even an experienced person will face due to the market situation, instead of sitting there it is very good to move by recovering the loss. Otherwise, it will take plenty of time to recover the price of what we invested, without luck and patience it is impossible to acquire profits in trading.

Hard works and patience is the key to help us to succeed but not it takes like that so easy.
All the success of our trades is purely depending on the way we manage it. Most traders fail because of the market situation and they never anticipate it before then. Though I think that basic learning for trading is quite enough but I'd mistaken on this, it is a vital thing to acquire deep knowledge and have a good market prediction.

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Quote from: fabiola! on September 23, 2019, 05:45:00 AM

read some books about how technical analysis works in financial markets this will help you to know technical analysis works and in day trading practice is more important

You know its more important to learn to keep your nerve in such situations. I think Technical is important too but if you are the weak hearted type or dont have huge amounts of capital at your disposal to balance the odds then day trading is not for you. They should prefer the long term hodl method to make money and to be honest it much better on your general health and sleep.

Practice is important but face it, even if you have practice what to do in case a sudden pump or dump happens is more of a luck and experience thing. To be honest day trading is not everyone's cup of tea so newer traders should attempt both long term and short term trading to see which one suits them best.

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read some books about how technical analysis works in financial markets this will help you to know technical analysis works and in day trading practice is more important

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Quote from: Flor1982 on September 22, 2019, 07:44:45 PM

Maybe what you have learned in trading in stock market is not enough that is why you always got failed in this field so i suggest that extend your patience and learn more from the experts but if still did not work then maybe trading is not meant for you as being skilled in trading is sometime need to be associated with luck.

Most of the time this two factors needs to be combined, you need to have lots of patience and some good luck in order to place the order in its perfect timing. If things is not working perfectly even you already done everything to enhance your opportunities best not to proceed and find other things, maybe trading is not for you and you need to move on.

Yes, even an experienced person will face due to the market situation, instead of sitting there it is very good to move by recovering the loss. Otherwise, it will take plenty of time to recover the price of what we invested, without luck and patience it is impossible to acquire profits in trading.

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Quote from: Flor1982 on September 22, 2019, 07:44:45 PM

Maybe what you have learned in trading in stock market is not enough that is why you always got failed in this field so i suggest that extend your patience and learn more from the experts but if still did not work then maybe trading is not meant for you as being skilled in trading is sometime need to be associated with luck.

If that is the problem, then we could suggest him to moves to crypto trading. He doesn't have to learn the difficult lesson of the stock because I think the lesson of the crypto trading will not be too complicated than the stock lesson. But yes, he will need to learn more about patience and don't give up to learn the analysis of stock if he still wants to trade in the stock market.

Flor1982

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Maybe what you have learned in trading in stock market is not enough that is why you always got failed in this field so i suggest that extend your patience and learn more from the experts but if still did not work then maybe trading is not meant for you as being skilled in trading is sometime need to be associated with luck.

hahay

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Firstly I want to say that actually day trading is hard than long term trading like weekly monthly etc. And the second one is if you learn technical analysis for crypto trading then you can not use it on stocks markets. So you should use your technical analysis knowledge in crypto trading fully and you should avoid day trading if you fail again and again. Good luck.

If there is a strong desire and have a high enthusiasm to continue learning and correcting mistakes, then day trading will also produce profits slowly, because in day trading it is difficult for us to get high profits. When we always get failures, it will make us give up and look for other options, I think it will be good too if we are not ready with the risks that continue to be faced every day and it will put pressure on ourselves.

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I think daytrading will make you crazy. It is pretty hard to keep an eye on the flow of information, news, and updates that the market has.
Right now I decided to test out the trading bots, which are doing all the boring stuff automatically. Using it for the second month and has already seen both profit-making potential and a threat to burn the deposit.
But it looks like the bots can work right with the proper care and adjustment.
Check out my latest report if interested: https://tradingbot.info/results/bitsgap-bot-is-making-me-profit-again/

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Quote from: semobo on September 22, 2019, 03:22:18 AM

If you failed in day trading then change your trading pattern,

If you still failed in less often trading patter go for holding.

This will be still profitable but the time taken to get profits will be slower.

In trading we may really experiences of losing that is why we have to know in what way we had a mistakes. Learn and analyzing first the situation before we do on trading for a better result to earn profit. Yes we may change our pattern for us to not failed again.

semobo

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If you failed in day trading then change your trading pattern,

If you still failed in less often trading patter go for holding.

This will be still profitable but the time taken to get profits will be slower.

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Quote from: fabiola! on September 21, 2019, 05:46:49 AM

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

practice and experience is most important in day trading observe markets and use lower time frame charts and trade only less risk and good reward entries , day trading requires lot of discipline dont do it like gambling

Embracing into the real life of being a trader is just extraordinary. I say this because not all of us are destined to be a trader, not all of us have that knowledge and skill, and also the courage to take the risk. Some of us just think it easy and they'll try, but what it happens to them? Regrets are they get and they blame crypto for their big losses.

I think this is not an excuse and I don't believe to think that we can be like them( successful traders) even we are not about to be like. Trading requires deep market understanding and this is a special skill to be found which it never been present to all of us. Let the others succeed in this field, never chase them cause it surely you will end up into losing.

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

practice and experience is most important in day trading observe markets and use lower time frame charts and trade only less risk and good reward entries , day trading requires lot of discipline dont do it like gambling

ethereumhunter

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Quote from: ?? on ??

I am almost the same as you but I trade cryptocurrencies, the problem with day trading is that the profits we make in a few days may not be enough to cover the losses in a day, maybe the problem lies the fact that I don't control and constantly trade daily, and often let my emotions overwhelm my mind.

therefore we must not force having to trade every day. waiting for the right moment to trade I think will give good results. adhere to the analysis to wait for time to enter the market will be better, although sometimes we can not wait to trade immediately

It is very difficult to do day trading in stocks and crypto because we need to always search the opportunity from each coin or stock. I found out that we need to analyze one by one so we can get the right coins. But in the crypto trading, I think he will have many times to trade with many coins because I see that all coins now are moving from the bottom price to the high price. Maybe he needs to stick to the top 20 coins list, and after analyzing some coins, he will find the good coin to trade.

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I am almost the same as you but I trade cryptocurrencies, the problem with day trading is that the profits we make in a few days may not be enough to cover the losses in a day, maybe the problem lies the fact that I don't control and constantly trade daily, and often let my emotions overwhelm my mind.

If you can't control your emotions to some extent then trading (especially day trading in particular) isn't something you should be engaging yourself in, as you're not only losing but doing yourself more harm than good. The skills of trading requires discipline, smartness and a little bit of luck factor on your side. If you don't have any of those then you have to go back to the drawing board instead of continue to day trade.

As for the OP, stock trading and crypto trading aren't the same market although the similarities between the two market are observable. You might do well in cryptocurrency trading if you were once a stock trader but that can't be said towards a crypto trading moving into stock trading as it's more complex than cryptocurrency. I'll recommend you learn the skill or how to analyze the stock market instead of trying to use the technical analysis of cryptocurrency to try trading stocks.

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Quote from: DreadedZombie on September 17, 2019, 04:58:43 PM

iv'e given up trading mostly because im bad at it :x, i should get back in the saddle though. looks like its about time.

Day trading is only for those guys, who work with the cryptocurrencies for a long time and know the rules of the crypto market. Bitcoin should be watched all the time even if you trade altcoins. The main features of day trading are:
- Serious preparation;
- Correctly determining the hour ranges;
- It is important to calculate the volatility on the selected coin.
As you see, profitable day trading is not possible without a clear plan.

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