If You Could Start Over, How Would you Learn Day Trading - page 4.

BlackBoss_

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Rollbit is for you. Take $RLB token!

Quote from: Davidvictorson on February 03, 2023, 02:57:24 AM

- Find and join a trading community

Don't join trading communities, signal groups are better. When you join them, you will become more depending on those communities and groups so you won't be able to actually learn and experience the market by yourself.

In addition, your mind can be painted with wrong knowledge.

Quote

- Find a success strategy and test it out.

Testing strategies with market need fund and time as well as failures and costs along the way.

So don't use all fund you have for trading and you can assign like 1/10 of your fund for your first trading time. If it fails, use a next 10% and continue until you broke or you find a successful strategy that matches your personal traits in cryptocurrency market.

BlackBoss_

sr. member

Activity: 602

Merit: 387

Rollbit is for you. Take $RLB token!

Quote from: Davidvictorson on February 03, 2023, 02:57:24 AM

- Find and join a trading community

Don't join trading communities, signal groups are better. When you join them, you will become more depending on those communities and groups so you won't be able to actually learn and experience the market by yourself.

In addition, your mind can be painted with wrong knowledge.

Quote

- Find a success strategy and test it out.

Testing strategies with market need fund and time as well as failures and costs along the way.

So don't use all fund you have for trading and you can assign like 1/10 of your fund for your first trading time. If it fails, use a next 10% and continue until you broke or you find a successful strategy that matches your personal traits in cryptocurrency market.

Synchronice

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Watch Bitcoin Documentary - https://t.ly/v0Nim

Quote from: Davidvictorson on February 03, 2023, 02:57:24 AM

Today is just the 3rd day of the second month of the year 2023. The 2022 showed us hell and we learned so many important lessons. Some were good, some were bad, and some were ugly nonetheless, there was a lesson learned. This question occurred to my while I was ruminating last night. I searched YouTube and got some answers but still I am itching to know hear the opinions of members of this community.
The Question: If You Could Start Over, How Would you Learn Day Trading?

Here are the steps a someone said they will follow:

- Start with a simulator and treat the money like real money
- Find the right broker
- Find a mentor
- Find and join a trading community
- Keep a trading journal
- Find a success strategy and test it out.

Day trading is risky as hell unless you are a whale. Not only risky but you are constantly under pressure. There may be times when you have to stay awake for days in a row to not miss a trading opportunity. It gets complicated and absolutely stressful if you use margin trading and bet on pump and dump.
I'm not a trading expert, nor experienced into crypto market but I still think that my advice will benefit everyone: You don't need to learn day trading because you are not a whale, you are a fish, in the ocean that's dominated by whales. If you stay in front of whales, you'll always be swallowed. So, don't be that fish whose luckiness ends in some days.

palle11

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Quote

- Start with a simulator and treat the money like real money

This is serious and important to note. Maybe I have also been part of this as a newbie and with time my orientation and perception changed, after all you can convert whatever financial instruments to cash, be it metal, crude oil, derivatives, gold, silver, crypto and more. At this point of realization, then you will be serious to learn and make profit in whatever line of trading you are because all you need to do is get into the right channel of conversation and through binance etc you can get your fiat

theskillzdatklls

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MintDice.com | TG: t.me/MintDice

If I had to start over, I wouldn't. Hodl more in great currencies and call it a day. I've hodl'd harder and harder as time has gone on.

Zilon

sr. member

Activity: 966

Merit: 421

Bitcoindata.science

2022 had so much to teach. It was a year of accumulation and learning despite Bitcoin losing more than 65% of its value. 2022 might never repeat itself and if i was to start over again i will just stick taking advantage of the dip no matter how long it takes for the market to recover. Day Trades can be risky for non technical analyst because from years of experience it seems technical analysis control 70% of Day Trades

Finding a good mentor can be a bit complicated in the crypto space because everything looks somewhat overhyped. Crypto brokers on the other hand should never be trusted, It's either they are extremely KYC conscious or they will someday crash due to unforeseen circumstances. For crypto trading community steady engagement makes the difference.

Rockstarguy

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Activity: 1050

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God is great

If I should start learning day trading I think this time I won't be in a rush and I won't be distracted to learn fast to make money. I'll make sure I follow up the learning process accurately. Now I understand trading is not all about making money as beginner but one needs knowledge without a rush to get good profits. I lost lot of money as a beginner for not having a good understanding about trading. I'll try to avoid some certain steps and mistakes.

Davidvictorson

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Activity: 1120

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Livecasino.io

Today is just the 3rd day of the second month of the year 2023. The 2022 showed us hell and we learned so many important lessons. Some were good, some were bad, and some were ugly nonetheless, there was a lesson learned. This question occurred to my while I was ruminating last night. I searched YouTube and got some answers but still I am itching to know hear the opinions of members of this community.
The Question: If You Could Start Over, How Would you Learn Day Trading?

Here are the steps a someone said they will follow:

- Start with a simulator and treat the money like real money
- Find the right broker
- Find a mentor
- Find and join a trading community
- Keep a trading journal
- Find a success strategy and test it out.

Topic: If You Could Start Over, How Would you Learn Day Trading - page 4. (Read 476 times)