daily trading is fun because if we are good at analyzing the market
crypto, then we will potentially profit every day.
but it's not an easy thing to learn, because lots of people experience losses as a result of daily trading, but I personally also often do daily trading in crypto, and I do the DCA system every time I make a trade.
but remember not to buy when the price is rising, because it can result in a higher potential loss.
Topic: If You Could Start Over, How Would you Learn Day Trading (Read 476 times)
In my locality there are good tuitions for trading classes. They are so good that you can take the free demos before enrolling or paying heavy fees for the course. They would show you the examples of successful peeps who learnt from them.
I think I will start with those guys and then slowly go for my own demo accounts and trading on them eventually. I think my current thinking is not very good for trading. I will have to start over all of those thinking from the scratch for sure. Basically given chance I will need to redo everything.
Perhaps, it was a good start to having a mentor or someone who could assess upon learning to trade. If it had only been taught in school, many people had wanted to enroll and take that opportunity. Yet it was not as trading was not a known thing until cryptocurrency has come and built such an aura to make it more attractive. That is why it was easy for now to learn about trading as it was pretty available online, we can watch videos and demos which we can apply in actual trading. And it was good enough to start our trading carrier, perhaps, we can learn more through experience. I think I will start with those guys and then slowly go for my own demo accounts and trading on them eventually. I think my current thinking is not very good for trading. I will have to start over all of those thinking from the scratch for sure. Basically given chance I will need to redo everything.
In my locality there are good tuitions for trading classes. They are so good that you can take the free demos before enrolling or paying heavy fees for the course. They would show you the examples of successful peeps who learnt from them.
I think I will start with those guys and then slowly go for my own demo accounts and trading on them eventually. I think my current thinking is not very good for trading. I will have to start over all of those thinking from the scratch for sure. Basically given chance I will need to redo everything.
I think I will start with those guys and then slowly go for my own demo accounts and trading on them eventually. I think my current thinking is not very good for trading. I will have to start over all of those thinking from the scratch for sure. Basically given chance I will need to redo everything.
I think, as one of the communities here in the crypto space we should learn from the mistakes of other bitcoin or crypto traders here in this business industry so that we don't end up like their wrong trading strategies.
Also, you can learn crypto trading without anyone teaching you as long as you have passion, determination, and dedication. But if you have a mentor to guide you, it will be faster
Also, you can learn crypto trading without anyone teaching you as long as you have passion, determination, and dedication. But if you have a mentor to guide you, it will be faster
even if you do daily trading it may not be in accordance with your predictions and estimates, so actually everything has a risk, how do we minimize that risk which is an important lesson from this.
but people will get smarter when they make mistake.
but people will get smarter when they make mistake.
The Bitcoin market is something different, it has a very large ingredient that characterizes it and that is volatility. I think that if I could start over the last thing I would learn would be technical analysis, because it is better to have the reason why a movement occurred in the Bitcoin market. market and only then can you determine what's next and thus make predictions that are more likely to happen.
I did a lot of demo trading for almost a year before venturing into the live trading environment. My concern was that I wasn't good enough and was scared of falling for trading scams. I made up my mind to figure things out on my own.
In retrospect, if I could start all over again, I won't do demo trading for that long, I will try out my own strategies in live trading while being guided by classic trading strategies. I will equally find successful and well experienced trading mentor as well. And I will make sure I stick to my daily plan on achieving my goal during the trading process. At the end of each trading day, I will carry out a review of to see if I did right and how I can maximize my profit. I usually waited until the weekend to do this.
While trading in a demo account for that long could have been too much, at the same time if I was given the task of trying to predict who will eventually become a good trader and my choices were someone like you and someone which went straight towards trading with real money I will pick you, as it is better to be way more cautious than to be a risk taker, since those that like to take risks do not last long in any market due to their inability to control their emotions. In retrospect, if I could start all over again, I won't do demo trading for that long, I will try out my own strategies in live trading while being guided by classic trading strategies. I will equally find successful and well experienced trading mentor as well. And I will make sure I stick to my daily plan on achieving my goal during the trading process. At the end of each trading day, I will carry out a review of to see if I did right and how I can maximize my profit. I usually waited until the weekend to do this.
~snip~
Being part of a trading community is a wise move for beginner traders to expand their knowledge and learn about new techniques and strategies. These communities also provide an opportunity to share experiences and discuss with other traders who share similar interests. No matter the type of trading you want to do, joining a community will help you become a better trader and minimize the risk of loss.Also, to start day trading, technical analysis is one of the most widely used approaches. Technical analysis involves using charts and technical indicators to understand the price trends and outlook for an asset. Many day traders use technical analysis as a basis for making trading decisions. However, it is important to remember that technical analysis is not always accurate and there are many other factors that influence asset prices such as economic news and fundamental factors. It is therefore advisable to do enough research and combine with other approaches such as fundamental analysis before making a trading decision.
I did a lot of demo trading for almost a year before venturing into the live trading environment. My concern was that I wasn't good enough and was scared of falling for trading scams. I made up my mind to figure things out on my own.
In retrospect, if I could start all over again, I won't do demo trading for that long, I will try out my own strategies in live trading while being guided by classic trading strategies. I will equally find successful and well experienced trading mentor as well. And I will make sure I stick to my daily plan on achieving my goal during the trading process. At the end of each trading day, I will carry out a review of to see if I did right and how I can maximize my profit. I usually waited until the weekend to do this.
In retrospect, if I could start all over again, I won't do demo trading for that long, I will try out my own strategies in live trading while being guided by classic trading strategies. I will equally find successful and well experienced trading mentor as well. And I will make sure I stick to my daily plan on achieving my goal during the trading process. At the end of each trading day, I will carry out a review of to see if I did right and how I can maximize my profit. I usually waited until the weekend to do this.
Many people will seek out mentor to trade on the first day, but after that they will be independent enough to do so. I ran into the same thing due to my ignorance of how it works. I have budget for trading, but I need to understand the market and the platform I'm using and how to secure my assets. Maybe a good move would be to teach yourself, but it's a lot harder from day one.
Some one can develop an interest in trading over time, that includes joining a community of traders or something like that. The more people we meet talking about trading, the more knowledge we will get. This is important to note because when we only do it ourselves, we tend to get stuck in developing our abilities.
Perhaps, that is really what will happen because we can't just rely on our mentor for the whole but rather stand on our own and make our own decision. Besides, the purpose of having a mentor is to teach us and it was easy and very clear than online tutorials. At the moment that we are ready enough to make a trade alone, that moment also makes us think that mentors are not needed anymore. Because what I see is that trading is continuous learning, the more we do actual trading, the more we can get ideas that can help us to improve and discover more things. Some one can develop an interest in trading over time, that includes joining a community of traders or something like that. The more people we meet talking about trading, the more knowledge we will get. This is important to note because when we only do it ourselves, we tend to get stuck in developing our abilities.
You are absolutely right about almost everything you said, most traders think from the heart and that is how they get emotions involved in trading, and also, starting trading with a demo account is pretty helpful most especially for those who are just coming into the trading market for the time ever, this is one ways to practically and easily learn trading without having to depend on someone else that much.
I think it is good to learn things all by yourself. As they say, The thing you learn by yourself, you will never forget it in your life. I am a psychology student and I know that very well. But one thing to consider here is that, it's always a good idea to seek help from someone who knows better than you. Otherwise, you will be stuck in one place. We are humans, and we all have flaws, so it is always recommended to learn from the best. What I said there is all just basic startup knowledge to keep your mind on track. The rest is a long journey. So gather knowledge from everywhere you can.
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The Question: If You Could Start Over, How Would you Learn Day Trading?
First thing first, taking control over my emotions will be my first priority. If I can control it, then everything will become much easier. Because I will think with my mind and not with my heart. Then I will start with a very small amount or even a trial account as you mentioned. That way I will be able to focus much on strategy and not on personal made up decisions. And as I move forward, I will lose too, I will not make profits every time. So that way I can learn from my mistakes and improve my strategy too.
One thing would be helpful will be the live signals. I will take help from that too.
I guess that's about it.
Personally, if ever I feel I lack something in trading and need to relearn, I will start with a demo account, I will have it funded with the exact amount of money I hope to start live account with, this is one of the ways to become a really good trader.
Many people will seek out mentor to trade on the first day, but after that they will be independent enough to do so. I ran into the same thing due to my ignorance of how it works. I have budget for trading, but I need to understand the market and the platform I'm using and how to secure my assets. Maybe a good move would be to teach yourself, but it's a lot harder from day one.
Some one can develop an interest in trading over time, that includes joining a community of traders or something like that. The more people we meet talking about trading, the more knowledge we will get. This is important to note because when we only do it ourselves, we tend to get stuck in developing our abilities.
Some one can develop an interest in trading over time, that includes joining a community of traders or something like that. The more people we meet talking about trading, the more knowledge we will get. This is important to note because when we only do it ourselves, we tend to get stuck in developing our abilities.
First, I'll begin in knowing my purpose and my capability. Day trading is a complex thing so I will make sure that I'm capable of adopting knowledge about it and I can apply all the things that I'll learn. I will also make certain purposes for why I'm doing day trading. I should set a target profit so I'll have to motivation to grind wisely and effectively.
Having the right resources and proper guidance will make learning day trading easier but we must also have the courage and willingness to understand everything the best way that we can.
Yes, if I could start over but I had at least the knowledge of which books were good and which books were not this will save a massive amount of time, as the majority of the books I have read about trading were not good enough, but the only way to discover this is the case was by reading them, only a handful of books were good so if I could start over and only read those books this will be a huge time-saver and it will allow me to grow as a trader way faster than at the speed it actually happened. Having the right resources and proper guidance will make learning day trading easier but we must also have the courage and willingness to understand everything the best way that we can.
First, I'll begin in knowing my purpose and my capability. Day trading is a complex thing so I will make sure that I'm capable of adopting knowledge about it and I can apply all the things that I'll learn. I will also make certain purposes for why I'm doing day trading. I should set a target profit so I'll have to motivation to grind wisely and effectively.
Having the right resources and proper guidance will make learning day trading easier but we must also have the courage and willingness to understand everything the best way that we can.
Having the right resources and proper guidance will make learning day trading easier but we must also have the courage and willingness to understand everything the best way that we can.
The Question: If You Could Start Over, How Would you Learn Day Trading?
Every trading activity needs certain knowledge and ability. It is not only about the willingness to trade, but it is about the combination of knowledge, skill & ability, a good consideration for wise decisions, experience, and also effective & efficient learning processes. If we only focus on one element, it will not really work well, moreover if we are only following other people to do trading, expecting too high the trading profits, and other thoughts about trading. This will not really work well. That is why if I want to start again trading activities, I wi,ll prefer to prepare all thing really done in all aspects. The Question: If You Could Start Over, How Would you Learn Day Trading?
First thing first, taking control over my emotions will be my first priority. If I can control it, then everything will become much easier. Because I will think with my mind and not with my heart. Then I will start with a very small amount or even a trial account as you mentioned. That way I will be able to focus much on strategy and not on personal made up decisions. And as I move forward, I will lose too, I will not make profits every time. So that way I can learn from my mistakes and improve my strategy too.
One thing would be helpful will be the live signals. I will take help from that too.
I guess that's about it.
The Question: If You Could Start Over, How Would you Learn Day Trading?
Every trading activity needs certain knowledge and ability. It is not only about the willingness to trade, but it is about the combination of knowledge, skill & ability, a good consideration for wise decisions, experience, and also effective & efficient learning processes. If we only focus on one element, it will not really work well, moreover if we are only following other people to do trading, expecting too high the trading profits, and other thoughts about trading. This will not really work well. That is why if I want to start again trading activities, I wi,ll prefer to prepare all thing really done in all aspects.
Find someone who are a good trader that can mentor me, and of course help me to create my own trading strategy that can work better this time. There’s a lot of bad trades yes, but remember that you can always start again, and start trying a new strategy until you find the good combinations of indicators.
In trading, we learn more by losing the money and that is normal so don’t be discourage if you have losses, just keep going and keep improving your trading skill, you can be better by not giving up with your trades.
In trading, we learn more by losing the money and that is normal so don’t be discourage if you have losses, just keep going and keep improving your trading skill, you can be better by not giving up with your trades.
I'll definitely take it slow this time. Everything else that raised red flags for me will be avoided to the greatest extent possible to avoid potential loss. The first time I lost money was due to ignorance; I don't want that to happen again because I'll be prepared before I start trading.
One thing I didn't want to do at the time was put all of my money or money for daily expenses into trading so that I wouldn't regret or be too hurt by the loss. I'll continue to do so, but this time I'll try to profit from every opportunity I get because I'll be better prepared and have learned more about trading.
One thing I didn't want to do at the time was put all of my money or money for daily expenses into trading so that I wouldn't regret or be too hurt by the loss. I'll continue to do so, but this time I'll try to profit from every opportunity I get because I'll be better prepared and have learned more about trading.
First of all you should learn from your fellows as well as videos so it will helps you to involve in trading and get beneficial outcomes. I just think that even experts can also make mistakes so just start from lower amount will help you to trade better because they will have two advantages first is that if unfortunately you loss that money so you will recover it soon after making investment in other coins and the other benefit is that you will learn from this small amount if you win then your cash will multiply..
In every investment of cryptocurrency you should know that theirs is every tendency that during your investment you can make and you can as well gain. That's while everyone who is investing in cryptocurrency have to scrutinized the coin is embarking on, for investment, so it's not necessarily encouraging to hope losing in one coin and another coin will give will you the profit you want for another investment.
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.
I agree totally with you on this very one and I also one of the newbie day traders who thought life in trading were just bed of roses not until trading taught me this in a very hard way and I regret most of the actions I took back then and I hope most times that I could get the time luxury to go back learning to day trade again.I'm hoping to relearn day trading and I'm sure to learn and to wanting to make money and profits Instantly.
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.
I will start from the basic and learn everything related to trading thereafter seek for mentorship which will fastrack my learning swiftly while testing my few selected trading via stimulator if started earning profit consistently, then I select a very dependable, reliable and trusted broker or exchange thus start live trading with some small funds just for a start just to have the feeling of real trade which enable me to test my emotions while trading live account once I overcome the fear and emotions of trading, I will increase the funds in my account, though it's not that easy however with dedication and perseverance every challenges faced shall be overcomed. 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.
I do believe that the kind of tool one uses for trading matters because you wouldn't want to be starring at a phone screen all day, but with a laptop, one could, and the function is vast compared to the use of phones.
I would enrol with a mentor because one of the challenges I have encountered so far is having to at some instances not know how to proceed. I would get a laptop with good drive and would loose myself in it, owning to what I know now.
It's never too late. I have always wanted to try DCA strategy while I trade, I wonder if both could work out.
I would enrol with a mentor because one of the challenges I have encountered so far is having to at some instances not know how to proceed. I would get a laptop with good drive and would loose myself in it, owning to what I know now.
It's never too late. I have always wanted to try DCA strategy while I trade, I wonder if both could work out.
There’s always a chance to start over and restart your trading strategy, with this I will always choose to spend more time in learning and don’t focus that much on making profit during my early time as a trader.
There’s a lot of good reason to stay focus, trading is not that easy as what we usually think because it can be exhausting and frustrating as well especially if you can’t still find your winning strategy. Its ok, as long as you are not giving up trading will still be good for you. Continue to learn until you find the best strategy, it will be worth it.
New traders concentrate too much on the profits they think they can get, and while I understand why that is the case as it is natural to concentrate on that goal as that is the whole reason why they become traders, they also need to understand that trading is a process, it does not matter how many books they have read or how good their strategy is, at the beginning everyone makes dumb mistakes, doubts their strategy or they are so unfamiliar with the platform they are using they do something different than what they intended, this is part of the process of learning how to trade and no amount of preparation will allow you to skip some of those mistakes.There’s a lot of good reason to stay focus, trading is not that easy as what we usually think because it can be exhausting and frustrating as well especially if you can’t still find your winning strategy. Its ok, as long as you are not giving up trading will still be good for you. Continue to learn until you find the best strategy, it will be worth it.
There’s always a chance to start over and restart your trading strategy, with this I will always choose to spend more time in learning and don’t focus that much on making profit during my early time as a trader.
There’s a lot of good reason to stay focus, trading is not that easy as what we usually think because it can be exhausting and frustrating as well especially if you can’t still find your winning strategy. Its ok, as long as you are not giving up trading will still be good for you. Continue to learn until you find the best strategy, it will be worth it.
New traders concentrate too much on the profits they think they can get, and while I understand why that is the case as it is natural to concentrate on that goal as that is the whole reason why they become traders, they also need to understand that trading is a process, it does not matter how many books they have read or how good their strategy is, at the beginning everyone makes dumb mistakes, doubts their strategy or they are so unfamiliar with the platform they are using they do something different than what they intended, this is part of the process of learning how to trade and no amount of preparation will allow you to skip some of those mistakes.There’s a lot of good reason to stay focus, trading is not that easy as what we usually think because it can be exhausting and frustrating as well especially if you can’t still find your winning strategy. Its ok, as long as you are not giving up trading will still be good for you. Continue to learn until you find the best strategy, it will be worth it.
then this is where you would be able to tell into yourself that it wasnt simple after all.If i could start over on how to learn up trading? Its not needed because you would be still committing lots of mistakes
but eventually you would be able to make yourself that learn along the way on whatever you had missed in the past.
There’s always a chance to start over and restart your trading strategy, with this I will always choose to spend more time in learning and don’t focus that much on making profit during my early time as a trader.
There’s a lot of good reason to stay focus, trading is not that easy as what we usually think because it can be exhausting and frustrating as well especially if you can’t still find your winning strategy. Its ok, as long as you are not giving up trading will still be good for you. Continue to learn until you find the best strategy, it will be worth it.
New traders concentrate too much on the profits they think they can get, and while I understand why that is the case as it is natural to concentrate on that goal as that is the whole reason why they become traders, they also need to understand that trading is a process, it does not matter how many books they have read or how good their strategy is, at the beginning everyone makes dumb mistakes, doubts their strategy or they are so unfamiliar with the platform they are using they do something different than what they intended, this is part of the process of learning how to trade and no amount of preparation will allow you to skip some of those mistakes. There’s a lot of good reason to stay focus, trading is not that easy as what we usually think because it can be exhausting and frustrating as well especially if you can’t still find your winning strategy. Its ok, as long as you are not giving up trading will still be good for you. Continue to learn until you find the best strategy, it will be worth it.
~snip~
Being part of a trading community is a wise move for beginner traders to expand their knowledge and learn about new techniques and strategies. These communities also provide an opportunity to share experiences and discuss with other traders who share similar interests. No matter the type of trading you want to do, joining a community will help you become a better trader and minimize the risk of loss.Also, to start day trading, technical analysis is one of the most widely used approaches. Technical analysis involves using charts and technical indicators to understand the price trends and outlook for an asset. Many day traders use technical analysis as a basis for making trading decisions. However, it is important to remember that technical analysis is not always accurate and there are many other factors that influence asset prices such as economic news and fundamental factors. It is therefore advisable to do enough research and combine with other approaches such as fundamental analysis before making a trading decision.
- Start with a simulator and treat the money like real money
I think that using demo account for trading learning is a good way. I ever done it and this really works. but when applied in the real trading it seems to be quite different because it is a market. However, as long as we understand how the market flow, how to analyze the chart indicator, and how to manage our emotions during trading, this may be much better to do trading. Although it will be still difficult moreover sometimes, our mood in trading will be up and down. Find and join a trading community
This will also be really helpful moreover if we find the right group to discuss and share experiences about trading. It can be done in the real life or even by joining the group on social media, commonly it will be via telegram or discord. However, we must be smart in choosing the group whether it will really fit and work for us or not. There must be still an evaluation of it. 
There’s always a chance to start over and restart your trading strategy, with this I will always choose to spend more time in learning and don’t focus that much on making profit during my early time as a trader.
There’s a lot of good reason to stay focus, trading is not that easy as what we usually think because it can be exhausting and frustrating as well especially if you can’t still find your winning strategy. Its ok, as long as you are not giving up trading will still be good for you. Continue to learn until you find the best strategy, it will be worth it.
There’s a lot of good reason to stay focus, trading is not that easy as what we usually think because it can be exhausting and frustrating as well especially if you can’t still find your winning strategy. Its ok, as long as you are not giving up trading will still be good for you. Continue to learn until you find the best strategy, it will be worth it.
It will never be too late to start over again in trading. We all know that trading is a long process of learning and it will be an edge if you'll know about all of its aspects including day trading. As long as we have the time to study day trading then we should grab the opportunity to learn about it. It will be a risky and challenging thing but since there are already resources that we can find online, we better dare to study it. You can look for a mentor but you can also learn it yourself but be ready for the possible losses as it is part of the learning process.
Starting up trading over again, I will strictly only trade with spare money, basically the money I used to spend on some Bottle of beers, Lost my heard earned money back to back by blowing up several of my funded accounts as a newbie and on the process of learning. Literally I was funding my account then with about 70% of my salary into trading, crazy right?, which caused me a whole lot of set back, And that's a mistake I'm not going to ever do again.
If You Could Start Over, How Would you Learn Day Trading?
If many people had a chance to start again, they will start the better way which I believe starts by first finding a teacher and mentor who will teach and easily guide them on the right simulator to start with is the first very important step. A good teacher and mentor will show you a good trading community to join, recommend a good broker, and nurture you into a right strategy for that has a high chance of success. With a good teacher and mentor you will not experience as much losses as you did when you started on your own without mentorship or anyone to talk to. Instead of finding mentor one can go for professional tuitions that are made into various courses or modules. They will guide you step by step from investing into the crypto space and how to trade them. One of the friend from circle did same thing and he is gaining nice exposure on his own these days and already got what he invested on his tuition fees. I can vouch that, if you are going to learn from tuitions then that's really going to help you in the long run without doubts. Many of them actually making it career. Rather than going into lets say science backgrounds they would choose the trading as option and invest more energy learning and practicing them. Obviously when we start, we should always start with the practice account only.
It is a good thing that your friend was able to find a professional tutor and that things are going nicely for them, but just as everything else there are a lot of scammers out there which charge high fees for their classes and then they do not teach you anything useful, and then you are left as you were at the beginning except that now you have even less money than when all began, so it is important to always be careful as you never know what you may encounter out there. 
Instead of finding mentor one can go for professional tuitions that are made into various courses or modules. They will guide you step by step from investing into the crypto space and how to trade them. One of the friend from circle did same thing and he is gaining nice exposure on his own these days and already got what he invested on his tuition fees. I can vouch that, if you are going to learn from tuitions then that's really going to help you in the long run without doubts. Many of them actually making it career. Rather than going into lets say science backgrounds they would choose the trading as option and invest more energy learning and practicing them. Obviously when we start, we should always start with the practice account only.
I'd definitely learn about all the knowledge first before trying because honestly with trading most of the time newbies are wasting their money by doing some haste decision it's more like a bet.
meanwhile, they could easily use demo accounts available in many exchange just for educational purposes, but honestly there's not so much you could do even if you were to start over because the results always depends on your decision making, it's not like if you given second chance you'd make some significant difference, the results will basically the same.
Demo accounts are valuable as they allow you to make all kind of mistakes without suffering the repercussions this would entail if you were trading with real money, but they still have limitations, once you get good at using your demo account and you even become profitable there is still a lot of work to do, as even if the mechanics of using a demo account and trading for real money are the same the emotions you will go through when trading for real are completely different and way more intense than what you will experiment when trading with a demo account. meanwhile, they could easily use demo accounts available in many exchange just for educational purposes, but honestly there's not so much you could do even if you were to start over because the results always depends on your decision making, it's not like if you given second chance you'd make some significant difference, the results will basically the same.
If I could go back to the beginning I would do a few things differently.
For one I wouldn’t go into trading stock options. Those were a big mistake. I never understood delta or IV or IV crush and what not. Most of all the options I bought expired worthless.
Second I wouldn’t join any paid groups or buy any of those ebooks teaching how to trade. They are all scams out to get your money.
For one I wouldn’t go into trading stock options. Those were a big mistake. I never understood delta or IV or IV crush and what not. Most of all the options I bought expired worthless.
Second I wouldn’t join any paid groups or buy any of those ebooks teaching how to trade. They are all scams out to get your money.
And if I have to start over then I will never do this day trading since to me trading in crypto is about investing for a long duration. DCA and your profit will be secured. There are people who do trading and are still in profit but this is something not for me.
Everyone who has tried these signaling groups would say this but irony is that people keep on investing in them. So this cycle will continue as long as new people are willing to buy membership of these groups.
First of all you should learn from your fellows as well as videos so it will helps you to involve in trading and get beneficial outcomes. I just think that even experts can also make mistakes so just start from lower amount will help you to trade better because they will have two advantages first is that if unfortunately you loss that money so you will recover it soon after making investment in other coins and the other benefit is that you will learn from this small amount if you win then your cash will multiply.
In Day trading people always will be active and focus on day trading. There are available some books about trading so learning from these books can also helps you more successful results.
In Day trading people always will be active and focus on day trading. There are available some books about trading so learning from these books can also helps you more successful results.
If You Could Start Over, How Would you Learn Day Trading?[/b]
Here are the steps a someone said they will follow:
- Start with a simulator and treat the money like real money
Here are the steps a someone said they will follow:
- Start with a simulator and treat the money like real money
most of us have learned this eventually but admit it that even you have lost your money first before trying this way of trading learning.
Quote
- Find the right broker
Well , this is hard to find as our money will be entrusted .Quote
- Find a mentor
- Find and join a trading community
Quote
- Find a success strategy and test it out.
If You Could Start Over, How Would you Learn Day Trading?
My version is going to be:
1. Decide on a trading strategy that fits my personal style and goals. Consider factors such as risk tolerance, market analysis, and trading tools.
2. Practice with a demo account, most trading platforms offer demo accounts that allow us to practice trading with virtual funds. This is a great way to gain experience and refine our strategy without risking real money.
3. Recording my trades and analyzing my performance can help identify strengths and weaknesses and improve strategy over time.
4. Continuously monitor your trades, stay disciplined and avoid making emotional decisions.
It's important to note that day trading cryptocurrency can be risky and there is the potential for significant financial losses.
My version is going to be:
1. Decide on a trading strategy that fits my personal style and goals. Consider factors such as risk tolerance, market analysis, and trading tools.
2. Practice with a demo account, most trading platforms offer demo accounts that allow us to practice trading with virtual funds. This is a great way to gain experience and refine our strategy without risking real money.
3. Recording my trades and analyzing my performance can help identify strengths and weaknesses and improve strategy over time.
4. Continuously monitor your trades, stay disciplined and avoid making emotional decisions.
It's important to note that day trading cryptocurrency can be risky and there is the potential for significant financial losses.
yeah, this is my biggest regret in life terming crypto world, that i did not pursue my Trading(dat trading to be specific) that i focus in Long term that lessen my ability to read the market.
but I don't doubt my decision because I knew trusting all my coins on hold will bring me fortune in the future, or maybe not me? but my children for sure.
You can add one more, namely:
Try trading with real money besides trading through the simulator, so you also have real trading experience. This will be useful for you so that you can better understand where your weaknesses are in learning to trade.
Don't forget to learn to control yourself in trading, so you don't get emotional in dealing with situations on the exchange.
Never stop to learn more about trading so you can increase your skills.
wait , what is it ? is there something to do with the simulator here in this thread when we are talking here how to start over ? simulator is for starters and the real money os tfor the real thing. Try trading with real money besides trading through the simulator, so you also have real trading experience. This will be useful for you so that you can better understand where your weaknesses are in learning to trade.
Don't forget to learn to control yourself in trading, so you don't get emotional in dealing with situations on the exchange.
Never stop to learn more about trading so you can increase your skills.
You can add one more, namely:
Try trading with real money besides trading through the simulator, so you also have real trading experience. This will be useful for you so that you can better understand where your weaknesses are in learning to trade.
Don't forget to learn to control yourself in trading, so you don't get emotional in dealing with situations on the exchange.
Never stop to learn more about trading so you can increase your skills.
Try trading with real money besides trading through the simulator, so you also have real trading experience. This will be useful for you so that you can better understand where your weaknesses are in learning to trade.
Don't forget to learn to control yourself in trading, so you don't get emotional in dealing with situations on the exchange.
Never stop to learn more about trading so you can increase your skills.
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.
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.
- Do you suggest that it is good to trade with a Forex trading mate? It seems like that's what you mean, although there's nothing wrong with what you're suggesting, so if I'm aware of cryptocurrency, I don't think I'll do anything to look for a broker.
Besides, I learned to do trading without a broker as you say, although my others give suggestions here on this forum platform, which if I think what he said is right, he will be considered a mentor for me. I am learning from my trading experience, this is the best teacher because when my strategy is wrong, I realize that I should change this strategy so that this mistake does not happen again.
I'd definitely learn about all the knowledge first before trying because honestly with trading most of the time newbies are wasting their money by doing some haste decision it's more like a bet.
meanwhile, they could easily use demo accounts available in many exchange just for educational purposes, but honestly there's not so much you could do even if you were to start over because the results always depends on your decision making, it's not like if you given second chance you'd make some significant difference, the results will basically the same.
meanwhile, they could easily use demo accounts available in many exchange just for educational purposes, but honestly there's not so much you could do even if you were to start over because the results always depends on your decision making, it's not like if you given second chance you'd make some significant difference, the results will basically the same.
I actually start knowing crypto trading by doing online research and by asking friends on social media, and it works fine for me until I reach my goal. If I start over, I will do the same but maybe this time, I was even more aggressive than before. Why? Because we already have a basis that crypto is growing, unlike before when every drop comes could make me think it was an end and then get crazy to sell. What I need to change is the behavioral approach to the market and I must carry such positivity so I can make good decisions and less mistakes.
^Everyone of us relies on online research, there is no one willing to teach us personally.I have a little knowledge of trading but I did not pursue myself doing in trading because I feel I still lack knowledge of it. Trading requires not only technical analysis but also apply fundamental analysis, you need to learn both of them so that you will get an accurate result on your trading position. Yes, the market is going crazy and no one can predict what is exactly the result.
I actually start knowing crypto trading by doing online research and by asking friends on social media, and it works fine for me until I reach my goal. If I start over, I will do the same but maybe this time, I was even more aggressive than before. Why? Because we already have a basis that crypto is growing, unlike before when every drop comes could make me think it was an end and then get crazy to sell. What I need to change is the behavioral approach to the market and I must carry such positivity so I can make good decisions and less mistakes.
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?
I have started by learning the basics, like reading the charts, studying different patterns and strategies day traders use to maximize their profits and minimize the risk of losing money. Once I would get that done, then I would jump into a platform that offers trading with trial money just to learn how it's done. I would probably also watch a hell of a lot of videos teaching everything. The Question: If You Could Start Over, How Would you Learn Day Trading?
If I were allowed to start trading all over again, maybe I would have studied and practiced more to hone my trading skills and make a profit. Besides trading, I will also continue to be a holder because holding lots of bitcoins can give me big profits. And maybe I will also make a lot of strategies to deal with market situations that are always changing, even though I have made several strategies based on market situations. And maybe I'll focus on being a hodler instead of trading.
When I started learning before, I wasted my time finding a signal group, which is why it took me too long to learn to trade, so if I were to start again, I would mostly watch tutorials (paid or not), then start learning from them without finding any shortcut to finish the tutorial and start to trade. Also regarding the demo account, I shouldn't spend a lot of time on it, like treating it like real money, because before, I was spending a lot of time in the demo because I was making a lot of mistakes because I didn't treat it seriously.
I didnt do actually day trading but if I would given chance to start over maybe the routine of investing early and trusting my guts more. Cause Ive got some tokens in the past that If only I hold it then it should become a worthy investment as of this day and even 1 to 2 yrs ago since I caught or seen their prices way too early.
If I could go back to the beginning I would do a few things differently.
For one I wouldn’t go into trading stock options. Those were a big mistake. I never understood delta or IV or IV crush and what not. Most of all the options I bought expired worthless.
Second I wouldn’t join any paid groups or buy any of those ebooks teaching how to trade. They are all scams out to get your money.
For one I wouldn’t go into trading stock options. Those were a big mistake. I never understood delta or IV or IV crush and what not. Most of all the options I bought expired worthless.
Second I wouldn’t join any paid groups or buy any of those ebooks teaching how to trade. They are all scams out to get your money.
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.
The points you bring are good, however I will add investing all my free time to learn how to trade as soon as possible, this is because the longer you take to learn how to trade the higher the price of bitcoin will be when you are finally ready, and you will miss some very good opportunities during your learning process, and this is unacceptable as if you miss the bull run then you will need to wait for years for another opportunity like it to present itself. 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.
Using a simulator that has not only Bitcoin but a bunch of alts so you can learn how they tend to move would be very useful.
If there are simulators like that that give real time price data that you can trade with pretend money I would do that, but also put a small amount of money in the market to at the same time get the experience of trading your own actual real money.
Get a feel for volatility of Bitcoin and altcoins, of how they move, of what the risk is like, of what sort of percents you should be shooting for on each trade and what sort of time-to-completion you should be shooting for on each trade, of how to split up your trading stash into multiple trades and generally just how to have a lower risk strategy for trading, of how news affects the market, of how it feels to get in a trade and watch the price drop and figure out how you react to that (that last thing you need to do with real money to get the actual experience).
I'd probably do that for a while, and then once I felt more comfortable with the market I'd put a bit more real money in and focus on doing real trading.
If there are simulators like that that give real time price data that you can trade with pretend money I would do that, but also put a small amount of money in the market to at the same time get the experience of trading your own actual real money.
Get a feel for volatility of Bitcoin and altcoins, of how they move, of what the risk is like, of what sort of percents you should be shooting for on each trade and what sort of time-to-completion you should be shooting for on each trade, of how to split up your trading stash into multiple trades and generally just how to have a lower risk strategy for trading, of how news affects the market, of how it feels to get in a trade and watch the price drop and figure out how you react to that (that last thing you need to do with real money to get the actual experience).
I'd probably do that for a while, and then once I felt more comfortable with the market I'd put a bit more real money in and focus on doing real trading.
First of all, I wouldn't spend all that much time just not being sure about trading or not. If you want to be a trader, then be one. Spending years not being sure about becoming a trader made me lose so much time that if I started earlier with more confidence then I would have become someone who could have made a lot more profit. On the other hand, if I wanted to learn, I should have sticked to the fundamentals, the indicators, the charts, and not "gut feeling" or anything that the market is saying, if data tells something will happen, more often than not that thing would happen, doesn't matter what the people are saying.
- I have to empty my mind
- find someone (mentor) that could teach me
- online research
I believe that learning trading is too easy this time as we can have a lot of resources but things will change when we are in actual trading. That is why if we have this 2nd time around, I have to work on the following things;
- courage
- mindset (positivite)
- patience
- knowledge and skills
- find someone (mentor) that could teach me
- online research
I believe that learning trading is too easy this time as we can have a lot of resources but things will change when we are in actual trading. That is why if we have this 2nd time around, I have to work on the following things;
- courage
- mindset (positivite)
- patience
- knowledge and skills
The Question: If You Could Start Over, How Would you Learn Day Trading?
Here are the steps a someone said they will follow:
Here are the steps a someone said they will follow:
I would restart by :
1. Learning the basics (includes market mechanics, technical analysis, risk management, and trading psychology)
2. Learn to create a clear and brilliant plan (this deals with risk management strategy, trading strategy, and goal)
3. Applying what I learned on a Demo account or as OP stated, a trading simulator
4. Stay up to date (this is a must since obsolete information can cost us huge amounts of money if the trading fails)
5. Mentorship if possible or if not can ask or seek help.
All of those steps need discipline, without proper discipline all the plans and hardworks will be for nothing.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
If I had started trading earlier, I want to make sure that I would have learned a lot more so I could have better market analysis skills than I do now. But I feel it will be very difficult to find a suitable mentor because they can ask for a fee before teaching me. At the beginning of trading, the capital was most important to me and if I were to use it to pay a mentor, my capital amount would decrease. And I'd rather learn by myself by looking for information about how to analyze well and others.
Sometimes when people try to learn to trade, it is because money is tight and urgently needed. There is no time to actually learn some basics of it but went ahead in action. When I tried BTC, its a rush time because the bear market was over and so the people I have heard talking about were rushing to buy. The only time I read the basics is when I'm done buying already and have time to look at how all the blockchain work.
The simulator like the demo account works differently than the real account, but Binance mock trading must be useful to those who wanna try. But if I have to go back to relearn, I would just take time to learn the indicators, get used to it well and just follow the bull run cycle. No futures trading but sell during ATH and wait.
- 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.
2. for crypto trading broker has no job to do.
3. Mentor, not really necessary for small scale trader.
4. Try to read as much as possible, it will help to predict the market but don't rely on it completely.
5. Here when you found the strategy try it on demo account and see how it works.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
- 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.
- First one is very important, that's one of the best ways to learn how to trade, starting with a demo account and treating the money in there like real money, and it is also very important to know the amount of real money you want to start trading with, and use that same amount to start trading on a demo account.- 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.
-By right broker, I believe you mean the right exchange(crypto minded), I personally will chose binance and kucoin for my trading activities.
- I am not sure about finding a mentor, except the person is a complete newbie, for me, with the kind of experience I already have in cryptocurrencies, I don't think finding a mentor is important or relevant.
- Finding and joining a trading community is also a good one, by doing so, you can learn about other types of trading strategies, also know what others are trading, and most importantly, know what is happening with some of the major cryptocurrencies which will help in decision making.
- Keeping a trading journal, is this really important?
- 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.
- 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.
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.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.
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.
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
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.
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.
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.
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.
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.
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.
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