That's why it is so important to have adequate knowledge when trading because if not we were merely just trading based on our own feelings. There is no assurance that you will gain a profit because everything else was just based on feelings and this might be the reason why most traders lost except to those weak-handed people. They were just nothing selling their coins because of FOMO.
Doing day trading is basically an easy thing, we only need to monitor the market situation at any time. Little price movements will not be a problem, because we can benefit from the intensity when doing day trading. but sometimes situations are difficult to predict and create unexpected situations. we must really be able to take the momentum as well as possible and we must be able to make decisions as quickly as possible.
Topic: Mistakes need to avoid in day trading - page 10. (Read 1259 times)
My addition here is only trade coins that have been released recently and has a very good fundamentals Something like a week release can get you some profit if you analyses the coin very well
Day trading is for more experience traders, and you need to trade based on the news and trend, not based on the fud and fomo news, trading need to be logic not based on feeling, and indicators could be very useful as a tool to help you decide, and always set the limit for your lost and your profit in trading
That's why it is so important to have adequate knowledge when trading because if not we were merely just trading based on our own feelings. There is no assurance that you will gain a profit because everything else was just based on feelings and this might be the reason why most traders lost except to those weak-handed people. They were just nothing selling their coins because of FOMO.
Doing day trading is basically an easy thing, we only need to monitor the market situation at any time. Little price movements will not be a problem, because we can benefit from the intensity when doing day trading. but sometimes situations are difficult to predict and create unexpected situations. we must really be able to take the momentum as well as possible and we must be able to make decisions as quickly as possible.In this bear market lot of people were suffering about how to minimize their losses,for them trading is one good way to make daily profits and minimize your over all losses you made from the long bearish trend.SO these are the mistakes need to avoid when someone starts to day trading.
1.Don't trade based on your emotions,just concentrate on FOMO and FUD.
2.Only risk the amount which can be affordable for you or just don't enter into that trade.
3.Don't use the technical analysis more,its just a tool to predict but still there is no reason for it to happen cent percent.
4.Don't day trade only if you don't understand it.
More points about mistakes need to avoid are welcomed here for the newbie to learn.
1.Don't trade based on your emotions,just concentrate on FOMO and FUD.
2.Only risk the amount which can be affordable for you or just don't enter into that trade.
3.Don't use the technical analysis more,its just a tool to predict but still there is no reason for it to happen cent percent.
4.Don't day trade only if you don't understand it.
More points about mistakes need to avoid are welcomed here for the newbie to learn.
Those words you have mentioned above is very useful mate and definitely a big help for those beginners who are searching for a guide to prevent such issues. I hope everyone can read this before jumping into risk situation. Cheers
3.Don't use the technical analysis more,its just a tool to predict but still there is no reason for it to happen cent percent.
The other article options make sense, but the third option seems "raw". Would not the price prediction be difficult? It Is one of the things that works as a prediction tool. Less use of this method may be after having sufficient experience. Otherwise you will go as far as your luck goes. 
That's why it is so important to have adequate knowledge when trading because if not we were merely just trading based on our own feelings. There is no assurance that you will gain a profit because everything else was just based on feelings and this might be the reason why most traders lost except to those weak-handed people. They were just nothing selling their coins because of FOMO.
Doing day trading is basically an easy thing, we only need to monitor the market situation at any time. Little price movements will not be a problem, because we can benefit from the intensity when doing day trading. but sometimes situations are difficult to predict and create unexpected situations. we must really be able to take the momentum as well as possible and we must be able to make decisions as quickly as possible. 
We need to avoid day trading itself. Yes for crypto markets and its volatility, day trading is not at all suitable for any trader.
Unlike most other markets, crypto market is having a specialized way of easy money making method which must be long-term holding. When we are having easiest and assured way of money making with the cryptos then why should risk in day trading.
There will be no compulsion to close the open position within a day in crypto market then why should we consider about day trading whereas position based trading or long-term holding based trading is fetching almost 99% times getting us profits.
The only requirement for position based trading is, we must trade only highly reputed crypto coins. For day trading, you may choose any coin and at the same there will be guarantee for making profits.
Not all of traders are fit in day trading so if you think that you do not have enough skill for it, then you should now stay away from it for you to not experience loss. The volatility of the cryptocurrencies are so risky to face so it is better if we will do long term investment than day trading. Unlike most other markets, crypto market is having a specialized way of easy money making method which must be long-term holding. When we are having easiest and assured way of money making with the cryptos then why should risk in day trading.
There will be no compulsion to close the open position within a day in crypto market then why should we consider about day trading whereas position based trading or long-term holding based trading is fetching almost 99% times getting us profits.
The only requirement for position based trading is, we must trade only highly reputed crypto coins. For day trading, you may choose any coin and at the same there will be guarantee for making profits.
In this bear market lot of people were suffering about how to minimize their losses,for them trading is one good way to make daily profits and minimize your over all losses you made from the long bearish trend.SO these are the mistakes need to avoid when someone starts to day trading.
1.Don't trade based on your emotions,just concentrate on FOMO and FUD.
2.Only risk the amount which can be affordable for you or just don't enter into that trade.
3.Don't use the technical analysis more,its just a tool to predict but still there is no reason for it to happen cent percent.
4.Don't day trade only if you don't understand it.
More points about mistakes need to avoid are welcomed here for the newbie to learn.
surely will be followed by most of the good experience traders because if you don't have this type of qualities in you then you will definitely be not stay in this field for a long period of time and not only these qualities will important but also there are some of the other points are to be followed by us. 1.Don't trade based on your emotions,just concentrate on FOMO and FUD.
2.Only risk the amount which can be affordable for you or just don't enter into that trade.
3.Don't use the technical analysis more,its just a tool to predict but still there is no reason for it to happen cent percent.
4.Don't day trade only if you don't understand it.
More points about mistakes need to avoid are welcomed here for the newbie to learn.
More points about mistakes need to avoid are welcomed here for the newbie to learn.
In fact, successful trading is not that difficult
But conceptually it has little to do with trading itself as it is more about your approach to life as a whole. A long story short, you should back off immediately as soon as you feel something is wrong, as soon as you see that things are not developing according to your plan. And while in life going down that hole instead of jumping out of it doesn't necessarily bring a lot of negative consequences and sometimes can even be a winning strategy (though your mileage may vary), this is not the case with trading as each step in the wrong direction bleeds you dry
That's also the reason why "I know better" types are losing monumentally in trading even if they may in fact be objectively smarter than the rest of the pack. Simply put, they are not willing to accept being wrong, and it is not even so much about consciously accepting being wrong as about acting accordingly in an instinctive manner without any unnecessary reflection on that part (i.e. without ever forcing yourself to act in that way)
That's why it is so important to have adequate knowledge when trading because if not we were merely just trading based on our own feelings. There is no assurance that you will gain a profit because everything else was just based on feelings and this might be the reason why most traders lost except to those weak-handed people. They were just nothing selling their coins because of FOMO.
TA is require to analyze the chart on day trade , without it, we are going trade based on feeling.
What make it different from gambling ?
In crypto case, day trading become more risky but it yield more profit than ordinary stock trading
We fairly consider both our emotions/feelings and the suggestion from the others. Though we analyze the market but we need to think any possibilities of its changes in any minute from now which our feelings seems helping on it. It mostly we commit mistakes due to wrong decisions cause we don't listen from the others. All in trading will really matters how we think fast, being brave and to follow our instinct. What make it different from gambling ?
In crypto case, day trading become more risky but it yield more profit than ordinary stock trading
Biggest mistake from the newbies are they taking day trading as their investment capital when they are relatively new to the trading so the chances of losing their money is more than when compared to experienced trader doing it.
Thats why newbies should not try trading immediately. But few newbies can control the greed of attempting to make money off the market since they saw the bitcoin pump back in 2017 December and they think that a new shitcoin is going to become the next coin to pump like that eventually putting their money in it. What they didnt do is the price analysis - one of the most basics that every new investor should do before investing.Many investors invested base on emotions and traders are also doing the same. Trading without adequate knowledge on how to trade is a risk not worth taking. I think we are not going to have emotions out of trade but the emotion should be a healthy one.
People get control over their emotions over time and they become resistant to it as well. Those who cannot get a grip on them should not try trading in my opinion. 
Emotional investment is usually also very quick investment as well. I have seen people overreact to news and buy or sell accordingly right away like under 5 minutes of reading the news and that is not enough time to research those type of trading. People should be researching the trade they are going to do for a long time before they make any trades and when they do emotional trading they do no research at all
If you are going to do daily trading then read what you are going to buy and check out the indicators and take a look at the historical data and so forth before you make any trades at all. That way you will not be holding any bags of a coin you have no idea about and you will only have coins that either made you a profit or you will have coins that you know of but fell in price that you can decide later on what to do with.
If you are going to do daily trading then read what you are going to buy and check out the indicators and take a look at the historical data and so forth before you make any trades at all. That way you will not be holding any bags of a coin you have no idea about and you will only have coins that either made you a profit or you will have coins that you know of but fell in price that you can decide later on what to do with.
TA is require to analyze the chart on day trade , without it, we are going trade based on feeling.
What make it different from gambling ?
In crypto case, day trading become more risky but it yield more profit than ordinary stock trading
What make it different from gambling ?
In crypto case, day trading become more risky but it yield more profit than ordinary stock trading
Wow that mistake is usually happen during the day trading is needed to avoid. But mistakes is normal and even you are careful of what yoy are doing you can still do a mistakes but the good for that is you learn from that and never do that again.
We need to avoid day trading itself. Yes for crypto markets and its volatility, day trading is not at all suitable for any trader.
Unlike most other markets, crypto market is having a specialized way of easy money making method which must be long-term holding. When we are having easiest and assured way of money making with the cryptos then why should risk in day trading.
There will be no compulsion to close the open position within a day in crypto market then why should we consider about day trading whereas position based trading or long-term holding based trading is fetching almost 99% times getting us profits.
The only requirement for position based trading is, we must trade only highly reputed crypto coins. For day trading, you may choose any coin and at the same there will be guarantee for making profits.
Unlike most other markets, crypto market is having a specialized way of easy money making method which must be long-term holding. When we are having easiest and assured way of money making with the cryptos then why should risk in day trading.
There will be no compulsion to close the open position within a day in crypto market then why should we consider about day trading whereas position based trading or long-term holding based trading is fetching almost 99% times getting us profits.
The only requirement for position based trading is, we must trade only highly reputed crypto coins. For day trading, you may choose any coin and at the same there will be guarantee for making profits.
In this bear market lot of people were suffering about how to minimize their losses,for them trading is one good way to make daily profits and minimize your over all losses you made from the long bearish trend.SO these are the mistakes need to avoid when someone starts to day trading.
1.Don't trade based on your emotions,just concentrate on FOMO and FUD.
2.Only risk the amount which can be affordable for you or just don't enter into that trade.
3.Don't use the technical analysis more,its just a tool to predict but still there is no reason for it to happen cent percent.
4.Don't day trade only if you don't understand it.
More points about mistakes need to avoid are welcomed here for the newbie to learn.
1.Don't trade based on your emotions,just concentrate on FOMO and FUD.
2.Only risk the amount which can be affordable for you or just don't enter into that trade.
3.Don't use the technical analysis more,its just a tool to predict but still there is no reason for it to happen cent percent.
4.Don't day trade only if you don't understand it.
More points about mistakes need to avoid are welcomed here for the newbie to learn.
Those words you have mentioned above is very useful mate and definitely a big help for those beginners who are searching for a guide to prevent such issues. I hope everyone can read this before jumping into risk situation. Cheers
Many investors invested base on emotions and traders are also doing the same. Trading without adequate knowledge on how to trade is a risk not worth taking. I think we are not going to have emotions out of trade but the emotion should be a healthy one.
This should be avoided in the first place and this mistakes should be avoided not just on day trading but also on your whole investing/trading journey. Knowledge is important in trading, usually newbies are the one who always do mistakes on trading maybe because they are more greedy.
Biggest mistake from the newbies are they taking day trading as their investment capital when they are relatively new to the trading so the chances of losing their money is more than when compared to experienced trader doing it.
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