Mistakes need to avoid in day trading - page 2.

redsun114

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Leading Crypto Sports Betting & Casino Platform

Quote from: spadormie on March 12, 2019, 10:25:47 PM

It's really good trading in bullish market but there could be cases a bearish market could be of profit. Those things that you included is very helpful. Trading base on emotion is not quite the key in trading. Much better if you learn.

So far I have read that emotions have a negative impact on the trading enthusiasm and that this should be avoided once you are in the trading. Another thing I would love to talk about is quick profits that should be made in day trading and withdrawn.

If you are able to make quick profits in day trading, better invest and withdraw talking the profits home. Set limits and be rational because it is of not use spending time and leaving with low money.

conected

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Quote from: xvids on March 13, 2019, 05:25:17 AM

Quote from: Findingnemo on January 31, 2019, 02:23:33 PM

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.

Never trade based on your emotion or trade when your emotionally unstable it would just make things worst.
And for those who want to start trading never put all of your money in it,
If you are just starting to trade you could try it at a small amount gain some experience first and learn don't rush things up.

- Yes, bringing our emotions into this battlefield is really a very bad thing, although this has been informed and advised by many experienced traders but many people still can't control their emotions and failures happen to them. Another mistake that is similar as you say, many people are very in a hurry, they set very high goals, inexperience and cannot manage the loss, and suddenly they created too much pressure on them and they failed, therefore, we should understand that if we want to trade in the day, we should not put too many goals, the flexibility and the use of opportunities available in the market are necessary

joshy23

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Quote from: PuertoLibre on March 13, 2019, 03:37:46 AM

Quote from: SimonBaldwin on March 13, 2019, 03:20:02 AM

Who has been able to pick out the best broker among those listed on this site?
https://evokefinance.com/best-binary-options-brokers/

Binary options are risky and your first post is about binary options after opening the forum account. I don't advise to amateur traders to start with this trading method and traditional trading is far better.

Binary options are for those who can take the risk traders who can deal with gambling type of trades, it's not advisable for newbies who don't have any
in hand experienced with actual flow, you are betting for either directions so you must have knowledge what influence can move the market trend, always make sure that aside from willingness to take the risk you also have good analysation skills.

Aivaryamal

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In daily trading, be sure to divide your deposit into several parts and put for each percentage of profit by 2-3%, then you can easily get additional income

xvids

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Quote from: Findingnemo on January 31, 2019, 02:23:33 PM

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.

Never trade based on your emotion or trade when your emotionally unstable it would just make things worst.
And for those who want to start trading never put all of your money in it,
If you are just starting to trade you could try it at a small amount gain some experience first and learn don't rush things up.

St4yInTh3D4rk

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"STAY IN THE DARK"

Quote from: spadormie on March 12, 2019, 10:25:47 PM

It's really good trading in bullish market but there could be cases a bearish market could be of profit. Those things that you included is very helpful. Trading base on emotion is not quite the key in trading. Much better if you learn.

Bullish or bearish is not a big matter for the day traders,since they all need to concentrate on the time period what they were trying to do trades and how much price swing in that space is matters.What I feel about the mistakes done by day traders is doing trades with not clear goal of how much profits they were looking for so they were just gambling will make them to be in loss.

PuertoLibre

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Quote from: SimonBaldwin on March 13, 2019, 03:20:02 AM

Who has been able to pick out the best broker among those listed on this site?
https://evokefinance.com/best-binary-options-brokers/

Binary options are risky and your first post is about binary options after opening the forum account. I don't advise to amateur traders to start with this trading method and traditional trading is far better.

SimonBaldwin

newbie

Activity: 1

Merit: 0

Who has been able to pick out the best broker among those listed on this site?
https://evokefinance.com/best-binary-options-brokers/

spadormie

sr. member

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It's really good trading in bullish market but there could be cases a bearish market could be of profit. Those things that you included is very helpful. Trading base on emotion is not quite the key in trading. Much better if you learn.

mapanlah

member

Activity: 228

Merit: 10

Quote from: Indamuck on February 01, 2019, 11:57:24 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.

gilangIDR

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Quote from: Cherylstar86 on March 12, 2019, 07:33:30 PM

Day trading is risky and may lead to huge losses if not played strategically and if there are no established set rules before the trading day begins. To avoid getting caught up in the emotions of a big win or loss, you need to decide your entry and exit points. Never forget to always day trade with a trading plan in place. Your plan should include what markets you will trade, at what time and what time frame you will use for analyzing and making trades. The key part to risk management strategy is to establish how much of your capital you are willing to risk on each trade.

In essence, when we want to do day trading, we must always pay attention to the price movements of the coins we have. With that, we will be able to continue to monitor and understand how the coin moves. The simple thing is that we are only required to be able to sell coins that we have far more expensive than when buying them. Always read the chart of price movements, then we will be able to make decisions and gain good momentum.

Cherylstar86

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Day trading is risky and may lead to huge losses if not played strategically and if there are no established set rules before the trading day begins. To avoid getting caught up in the emotions of a big win or loss, you need to decide your entry and exit points. Never forget to always day trade with a trading plan in place. Your plan should include what markets you will trade, at what time and what time frame you will use for analyzing and making trades. The key part to risk management strategy is to establish how much of your capital you are willing to risk on each trade.

cryptoblue77

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Most investors tend to make mistakes when they start day trading. If they learn from previous mistakes then it is most likely that they would be successful in future.

krusovcher

newbie

Activity: 44

Merit: 0

Quote from: lerdo_451 on March 12, 2019, 10:01:40 AM

Quote from: krusovcher on March 12, 2019, 09:57:25 AM

Quote from: lerdo_451 on March 12, 2019, 09:52:06 AM

Quote from: krusovcher on March 12, 2019, 09:46:03 AM

Quote from: lerdo_451 on March 12, 2019, 09:40:26 AM

Quote from: krusovcher on March 12, 2019, 09:09:28 AM

Quote from: lerdo_451 on March 12, 2019, 09:02:05 AM

Personally, i think a lot of traders should pay attention to uprising exchanges, they’ve got much more potential.

Why do you think so?

You can easily analyze them without contributing, plus there is no established angry community there and the environment itself is easy.

Partially agree, which one are you following?

im digging into velvetexchange rn, they are running on demo tho

How is that possible?

they launched recently, so they don’t rush with big moves

never heard of them, but okay

lerdo_451

newbie

Activity: 32

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Quote from: krusovcher on March 12, 2019, 09:57:25 AM

Quote from: lerdo_451 on March 12, 2019, 09:52:06 AM

Quote from: krusovcher on March 12, 2019, 09:46:03 AM

Quote from: lerdo_451 on March 12, 2019, 09:40:26 AM

Quote from: krusovcher on March 12, 2019, 09:09:28 AM

Quote from: lerdo_451 on March 12, 2019, 09:02:05 AM

Personally, i think a lot of traders should pay attention to uprising exchanges, they’ve got much more potential.

Why do you think so?

You can easily analyze them without contributing, plus there is no established angry community there and the environment itself is easy.

Partially agree, which one are you following?

im digging into velvetexchange rn, they are running on demo tho

How is that possible?

they launched recently, so they don’t rush with big moves

krusovcher

newbie

Activity: 44

Merit: 0

Quote from: lerdo_451 on March 12, 2019, 09:52:06 AM

Quote from: krusovcher on March 12, 2019, 09:46:03 AM

Quote from: lerdo_451 on March 12, 2019, 09:40:26 AM

Quote from: krusovcher on March 12, 2019, 09:09:28 AM

Quote from: lerdo_451 on March 12, 2019, 09:02:05 AM

Personally, i think a lot of traders should pay attention to uprising exchanges, they’ve got much more potential.

Why do you think so?

You can easily analyze them without contributing, plus there is no established angry community there and the environment itself is easy.

Partially agree, which one are you following?

im digging into velvetexchange rn, they are running on demo tho

How is that possible?

lerdo_451

newbie

Activity: 32

Merit: 0

Quote from: krusovcher on March 12, 2019, 09:46:03 AM

Quote from: lerdo_451 on March 12, 2019, 09:40:26 AM

Quote from: krusovcher on March 12, 2019, 09:09:28 AM

Quote from: lerdo_451 on March 12, 2019, 09:02:05 AM

Personally, i think a lot of traders should pay attention to uprising exchanges, they’ve got much more potential.

Why do you think so?

You can easily analyze them without contributing, plus there is no established angry community there and the environment itself is easy.

Partially agree, which one are you following?

im digging into velvetexchange rn, they are running on demo tho

krusovcher

newbie

Activity: 44

Merit: 0

Quote from: lerdo_451 on March 12, 2019, 09:40:26 AM

Quote from: krusovcher on March 12, 2019, 09:09:28 AM

Quote from: lerdo_451 on March 12, 2019, 09:02:05 AM

Personally, i think a lot of traders should pay attention to uprising exchanges, they’ve got much more potential.

Why do you think so?

You can easily analyze them without contributing, plus there is no established angry community there and the environment itself is easy.

Partially agree, which one are you following?

lerdo_451

newbie

Activity: 32

Merit: 0

Quote from: krusovcher on March 12, 2019, 09:09:28 AM

Quote from: lerdo_451 on March 12, 2019, 09:02:05 AM

Personally, i think a lot of traders should pay attention to uprising exchanges, they’ve got much more potential.

Why do you think so?

You can easily analyze them without contributing, plus there is no established angry community there and the environment itself is easy.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: rapsa2018 on March 11, 2019, 02:30:25 PM

Mistakes in day trading is not easy to avoid because there are such time that the market falls and growing up so it's not a mistake also it depends what will be the out come so its normal by taking the risk of crypto trading.

But if we are keep trading with commiting mistakes then we may not get our profits.It is not completely avoidable but we can minimize it by gradually and getting up a professional trader by days passes if we are concentrating on what we are doing.

Topic: Mistakes need to avoid in day trading - page 2. (Read 1220 times)