The no. 1 We should avoid in trading is our Emotions, what do I mean by this things? this has been mentioned many times in bitcointalk forum.
But once more, we should know how to control our emotions in a proper way while we trade in the platform exchange. This is the problem why many of the other traders failed and loss their coins, they got easily controlled their panic which is not supposed to be happen, instead of panic let us still remain calm and relax even the market is down, remember as long as your not selling your coins even the price is dump more than 50% its fine. I can consider it still that your not losing your coins. Hold is the only key for you to recover your loss if you think you are lose.
Topic: Mistakes need to avoid in day trading - page 11. (Read 1220 times)
How to minimize loss and no mistake at all. Dont trade. With knowledge or none. There is always that possibility that you will lose.
If you cannot swallow that truth then, it will be a hard battle for every loss that you will take.
It is not always Christmas that you will see profit in every move you make. Even technical analysis or whatever professional advice you had receive can turn into a wrong idea.
HODL is your choice then. Mistakes will always be there.
If you cannot swallow that truth then, it will be a hard battle for every loss that you will take.
It is not always Christmas that you will see profit in every move you make. Even technical analysis or whatever professional advice you had receive can turn into a wrong idea.
HODL is your choice then. Mistakes will always be there.
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.
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.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.
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.
Market is unpredictable like really volatile then there's a lot of strategy that we can use example of that is day trading i think you can earn by this but do this if the price of alts or btc are very cheap then if they have high price i think that's for long term already still there's no assurance in this so better to study or base in the potential of alts like if they can grow more by their plan and if they are very useful then of course no question for btc because this is good in investment like use this in day trading and some for long term
The fourth point is very essential,many traders go into trading daily without proper knowledge of its nuances and what it actually is all about,and thus they lose quite a large amount of money
Traders who day trade without acquiring the prerequisite knowledge are only putting themselves at a huge risks
Day trading is different from just "buy and hodl",it requires more concentration and more study,so it's best to learn before investing
Traders who day trade without acquiring the prerequisite knowledge are only putting themselves at a huge risks
Day trading is different from just "buy and hodl",it requires more concentration and more study,so it's best to learn before investing
1.Don't trade based on your emotions,just concentrate on FOMO and FUD.
FOMO and FUD are reflections of emotions and how traders react to different situations and publications. FOMO and FUD also barely affects day traders, they are interested in short, quick changes in the value, and healthy market volatility.
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.
This has been a long time trading rules and most time we hardly obey those rules. Investing and trading is a very risky venture and since it is risk it is important that we should follow it base on the principle that the experience traders has tried to explain to us. To me I will said " the market has it own mind, therefore don't follow your own mind in 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.
FOMO and FUD are reflections of emotions and how traders react to different situations and publications. FOMO and FUD also barely affects day traders, they are interested in short, quick changes in the value, and healthy market volatility.
Good advice also those people want to learn some lesson to avoid lossing in day trading. But day trading is also important to know so that people can always takecare of their money funded.
Yes, I agree. Especially at the first point that trading with no emotions, especially daily trading, because this can affect decisions in trade. If I can add, to start daily trading to see fluctuations. Because in the bear market not every day prices are in a good condition so it would be better to do daily trading when prices tend to rise, this would be able to make a profit even if not in large amount.
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.
Some adding with my mate,
1.Trade like a trader not like a gambler.
2.Keep a profit target zone, don't think too big.
3.Don't trust on anyone prediction, make your own.
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.
Some newbies are also making decent amount of profits from day trading for that they need to execute everything with the plan or else they will be such a loser while day trading. 
1.Don't trade based on your emotions,just concentrate on FOMO and FUD.
most traders, including me sometimes do use emotions in trading, sometimes I am too speculated that I will be lucky. which in the end all my predictions made me lose. 
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 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.
All of your reason is correct and most of the mistakes that always happen is they can't control their emotions so their are times that they will really lose their money. As of now I practicing day trading so that I can earn income little by little. 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.
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.
Lol? Applying technical analysis before opening/closing positions is the only proper way to trade. If you don't trade based on technical analysis, you are pretty much gambling.I heard that trading based on gut feelings isn't the best way to increase your coin stack.
This topic has been talked for many chances,the advices you gave are the same as what the early posters did and have much more than this traders now are more matured since 2018 brings disaster to their on going trading process ,though some of them are being drowned from the losses
Thats the best way to ensure we will control the possibilities of losing,allotting enough amount in every trading occasions is what i did wayback
2.Only risk the amount which can be affordable for you or just don't enter into that trade.
I strongly agree with this point, nowadays there are so many people who view crypto as a quick way to get rich and they immediately trade or invest blindly by using all the money they have without prior experience and analysis and what they get when the market downhill is just loss and regret. So if we use the money we can afford or what we can afford to lose we will be able to trade more calmly and without panic.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.
If bear market is making you suffer then day-trading will worsen you further as it is not an easier thing to handle as per many trader's experiences. Day-trading is not a good choice even for bull market but you are talking about it for bear market. Please do not focus on day-trading as market fluctuations will lead you to commit unexpected mistakes even you are prepared thoroughly to avoid them because as per combinations and permutation, the chances for mistakes in day trading is almost infinite.The chances of losing money in day trading is more but when people make right choices they can make 6% in just a day.
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.
If bear market is making you suffer then day-trading will worsen you further as it is not an easier thing to handle as per many trader's experiences. Day-trading is not a good choice even for bull market but you are talking about it for bear market. Please do not focus on day-trading as market fluctuations will lead you to commit unexpected mistakes even you are prepared thoroughly to avoid them because as per combinations and permutation, the chances for mistakes in day-trading is almost infinite.Go for fundamental analysis to identify good projects and then go for technical analysis to buy at right times. Bear markets are right time to buy at dips by making use of technical analysis.
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