Topic: Mistakes need to avoid in day trading (Read 1259 times)

Quote from: onrise on March 24, 2019, 07:13:55 AM

I don't really have an idea about trading. I'm still a newbie concerning trading. But seeing different opinions here. As a newbie who wants to start trading . Is day Trading not advisable?
Which will you prefer I should start with?

You need to trade for profits for that you need to understand the price movement and all those stuffs for that it will take time until that doing day trading is not advisable.

Everyone should, otherwise, what's our purpose.
Actually it's easy to say to trade for profit but the reality is it's hard to achieve it, therefor we have to be serious in trading if we want to succeed.
We can be profitable sometimes and loss sometimes, but what's important is to be consistent to end up profitable in case we stop.

Trading is not for everyone,so when we habe trouble in making profits from cryoto trading then we should look for some alternative way to make money.
For me trading is eaey since I only tade tor profits which is even very long term.

If people are ready to take some sort of risk in their profile then trading could be a the best job for themselves as they can make a lot of money in the volatile market or otherwise as well. May be at times thing may not be on your side but one has to deal with it.

Of course, there is a lot of new for beginners when there are certain difficulties in the cryptocurrency market. Well, one way or another, you can not be active, If you have not done at least a minimal analysis of those projects with coins you want to deal with. In any case, it is impossible to spend all the funds at once from your initial capital, which for a beginner should consist of a small amount.

Another thing is, at least be aware of your financial and emotional capability. If you're going to read and research, look for.actusl experiences of traders. Learn from other people's mistakes and learn from your own. You can't take away the fact that we all will make the same mistakes one way or another so you have to know what your contingencies are.

komjhq

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Activity: 588

Merit: 100

I don't really have an idea about trading. I'm still a newbie concerning trading. But seeing different opinions here. As a newbie who wants to start trading . Is day Trading not advisable?
Which will you prefer I should start with?

You need to trade for profits for that you need to understand the price movement and all those stuffs for that it will take time until that doing day trading is not advisable.

Everyone should, otherwise, what's our purpose.
Actually it's easy to say to trade for profit but the reality is it's hard to achieve it, therefor we have to be serious in trading if we want to succeed.
We can be profitable sometimes and loss sometimes, but what's important is to be consistent to end up profitable in case we stop.

Trading is not for everyone,so when we habe trouble in making profits from cryoto trading then we should look for some alternative way to make money.
For me trading is eaey since I only tade tor profits which is even very long term.

If people are ready to take some sort of risk in their profile then trading could be a the best job for themselves as they can make a lot of money in the volatile market or otherwise as well. May be at times thing may not be on your side but one has to deal with it.

Of course, there is a lot of new for beginners when there are certain difficulties in the cryptocurrency market. Well, one way or another, you can not be active, If you have not done at least a minimal analysis of those projects with coins you want to deal with. In any case, it is impossible to spend all the funds at once from your initial capital, which for a beginner should consist of a small amount.

onrise

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Activity: 1512

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I don't really have an idea about trading. I'm still a newbie concerning trading. But seeing different opinions here. As a newbie who wants to start trading . Is day Trading not advisable?
Which will you prefer I should start with?

You need to trade for profits for that you need to understand the price movement and all those stuffs for that it will take time until that doing day trading is not advisable.

Everyone should, otherwise, what's our purpose.
Actually it's easy to say to trade for profit but the reality is it's hard to achieve it, therefor we have to be serious in trading if we want to succeed.
We can be profitable sometimes and loss sometimes, but what's important is to be consistent to end up profitable in case we stop.

Trading is not for everyone,so when we habe trouble in making profits from cryoto trading then we should look for some alternative way to make money.
For me trading is eaey since I only tade tor profits which is even very long term.

If people are ready to take some sort of risk in their profile then trading could be a the best job for themselves as they can make a lot of money in the volatile market or otherwise as well. May be at times thing may not be on your side but one has to deal with it.

bonker

hero member

Activity: 784

Merit: 502

Quote from: swetka on March 20, 2019, 02:04:07 PM

I don't really have an idea about trading. I'm still a newbie concerning trading. But seeing different opinions here. As a newbie who wants to start trading . Is day Trading not advisable?
Which will you prefer I should start with?

You need to trade for profits for that you need to understand the price movement and all those stuffs for that it will take time until that doing day trading is not advisable.

Everyone should, otherwise, what's our purpose.
Actually it's easy to say to trade for profit but the reality is it's hard to achieve it, therefor we have to be serious in trading if we want to succeed.
We can be profitable sometimes and loss sometimes, but what's important is to be consistent to end up profitable in case we stop.

Trading is not for everyone,so when we habe trouble in making profits from cryoto trading then we should look for some alternative way to make money.
For me trading is eaey since I only tade tor profits which is even very long term.

When someone know how to trade for profits then they have to do it even in any form of the market,but everyone doing it means not everyone can be profitable.

Trading profits comes from the loss of other trader so don't be profitable for always,but doing more trades you can make profits as well.

TheUltraElite

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Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

right now it is the most difficult task that many users of cryptocurrency are trying to solve. It is very difficult to stay on the same level for many projects that not only recently entered the cryptocurrency market to sell their coins, but also concerns those projects that have been trading their tokens on stock exchanges for several years.

Things that other markets have is of no significance to the crypto market if you try to find an analogy among them. Stocks on the stock market are real companies that are having stocks released on exchanges for buyers but the majority of altcoins dont even have any proper project to go forward with. They keep feeding you with their dreams and roadmaps but in reality what has happened is that you lost your money to a con-group and the best part of it is that you cannot do anything about it.

This is why people should shift focus from altcoins to bitcoin because it is the only thing that needs attention and has a working system.

semobo

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Activity: 1498

Merit: 146

I don't really have an idea about trading. I'm still a newbie concerning trading. But seeing different opinions here. As a newbie who wants to start trading . Is day Trading not advisable?
Which will you prefer I should start with?

You need to trade for profits for that you need to understand the price movement and all those stuffs for that it will take time until that doing day trading is not advisable.

Everyone should, otherwise, what's our purpose.
Actually it's easy to say to trade for profit but the reality is it's hard to achieve it, therefor we have to be serious in trading if we want to succeed.
We can be profitable sometimes and loss sometimes, but what's important is to be consistent to end up profitable in case we stop.

Trading is not for everyone,so when we habe trouble in making profits from cryoto trading then we should look for some alternative way to make money.
For me trading is eaey since I only tade tor profits which is even very long term.

Ipwich

hero member

Activity: 1050

Merit: 529

Student Coin

I don't really have an idea about trading. I'm still a newbie concerning trading. But seeing different opinions here. As a newbie who wants to start trading . Is day Trading not advisable?
Which will you prefer I should start with?

You need to trade for profits for that you need to understand the price movement and all those stuffs for that it will take time until that doing day trading is not advisable.

Everyone should, otherwise, what's our purpose.
Actually it's easy to say to trade for profit but the reality is it's hard to achieve it, therefor we have to be serious in trading if we want to succeed.
We can be profitable sometimes and loss sometimes, but what's important is to be consistent to end up profitable in case we stop.

semobo

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Activity: 1498

Merit: 146

Quote from: mapanlah on March 12, 2019, 08:59:25 PM

I don't really have an idea about trading. I'm still a newbie concerning trading. But seeing different opinions here. As a newbie who wants to start trading . Is day Trading not advisable?
Which will you prefer I should start with?

You need to trade for profits for that you need to understand the price movement and all those stuffs for that it will take time until that doing day trading is not advisable.

swetka

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Activity: 448

Merit: 100

Quote from: Indamuck on February 01, 2019, 10:57:24 AM

Noobs shouldn't even try to daytrade anyways, they should just buy buying and holding. For someone to make money in trading someone has to lose. If your new you will get eaten up by the pros that have been doing this for years. The only people that win in the end are the exchanges with their trading fees.

in trade there is no such thing as losing or winning. everything will just happen and the market can determine the price not the trader itself, so profit and loss are greatly influenced by the skill of the businessman in determining the right time to sell and buy.

right now it is the most difficult task that many users of cryptocurrency are trying to solve. It is very difficult to stay on the same level for many projects that not only recently entered the cryptocurrency market to sell their coins, but also concerns those projects that have been trading their tokens on stock exchanges for several years.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: spadormie on March 17, 2019, 10:08:45 AM

I don't really have an idea about trading. I'm still a newbie concerning trading.

I would not suggest you to start trading immediately. If you have a background of stock market trading that would have helped. But since you dont, read the rest of my comment.

Quote

But seeing different opinions here.

Once you gain experience you will also be able to form your own opinions. Wink

Quote

As a newbie who wants to start trading . Is day Trading not advisable?
Which will you prefer I should start with?

Newbies who want to learn should learn the basics of trading first and how the market works. What asset you are actually putting your money in a lot of research from different sources regarding that. Dont listen to general public opinions. They are often fueled by bagholders pumping their own shitcoins and the same goes out for the youtubers - remember that no coin is going 100x tomorrow without any reason to do so unless its a pump and dump. Stay away from those and try dummy trading for practice once you analyse price charts and indicatos.

yvesp110

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Quote from: nydiacaskey01 on January 31, 2019, 05:33:54 PM

Day trading on bear markets is not advisable. Try to notice the price and one thing that you will notice is the price is not going anywhere. Most of the time, price is just moving side ways. The profits that you get is not enough to pay for the fees. If you really plan to continue day trading, set a low target like 2% to 3% profits, upon hitting your goal, Sell right away.

True. It's not advisable until the market will be bullish. I think that bear markets gives us more volatile market. So, it's not advisable for a newbie just to day trade. But if you're pro in trading, you can really go for it. But it's not advisable for you to do that now.

Bear market is just for short time now, so I think to enter the market now is really good time just take the advantage and buy if you have plan to trade, according to me the mistake people use to is trade for day without having knowledge and information properly as required, so simple is don’t lose the opportunity to buy when the price is low in market.

spadormie

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Quote from: nydiacaskey01 on January 31, 2019, 05:33:54 PM

Day trading on bear markets is not advisable. Try to notice the price and one thing that you will notice is the price is not going anywhere. Most of the time, price is just moving side ways. The profits that you get is not enough to pay for the fees. If you really plan to continue day trading, set a low target like 2% to 3% profits, upon hitting your goal, Sell right away.

True. It's not advisable until the market will be bullish. I think that bear markets gives us more volatile market. So, it's not advisable for a newbie just to day trade. But if you're pro in trading, you can really go for it. But it's not advisable for you to do that now.

HELLOFF

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