Do not trade vigorously without enough knowledge how to trade. Actually, we all know that it is risky but we go on and do trading because we want to gain profits like others. You have to understand charts, candles, indicators and the market to react and to do some good entries and exits.
You have to memorize the strategy of seeing candles in the market, because many traders usually don't understand this strategy and may only have a few strategies read the market, you have to enrich yourself about many strategies to read charts and candles 
Topic: Mistakes need to avoid in day trading - page 4. (Read 1220 times)
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I think one of the major tips of day trading is keeping it simple, don't be greedy, do not aim too high, 2% to 3% is not too bad par trade.
HOW TO AVOID LOSSES..
to me I don't depend much on the too their.. I observe the graph and see how the trading has been for that day, for the past two day's or for the past 1week, with the graph I know how to buy and sell, or even if I don't sell out immediately with the graph I know I have hope
I think one of the major tips of day trading is keeping it simple, don't be greedy, do not aim too high, 2% to 3% is not too bad par trade.
HOW TO AVOID LOSSES..
to me I don't depend much on the too their.. I observe the graph and see how the trading has been for that day, for the past two day's or for the past 1week, with the graph I know how to buy and sell, or even if I don't sell out immediately with the graph I know I have hope
To avoid mistakes in trading you're not supposed to be in control of your emotions dude.
Then, don't believe easily or depend in any of the FUD news you will read in the updates of the coins, also
Don't rely on your luck too.
That's why you need to build up yourself and become an independent trader with great technical analysis in understanding the market movement. This is why, continuous learning in trading is must if you wanted to be profitable in the long run.Then, don't believe easily or depend in any of the FUD news you will read in the updates of the coins, also
Don't rely on your luck too.
I do this too with the power of an automatic trading tool like Gunbot.
To avoid mistakes in trading you're not supposed to be in control of your emotions dude.
Then, don't believe easily or depend in any of the FUD news you will read in the updates of the coins, also
Don't rely on your luck too.
That's why you need to build up yourself and become an independent trader with great technical analysis in understanding the market movement. This is why, continuous learning in trading is must if you wanted to be profitable in the long run. Then, don't believe easily or depend in any of the FUD news you will read in the updates of the coins, also
Don't rely on your luck too.
To avoid mistakes in trading you're not supposed to be in control of your emotions dude.
Then, don't believe easily or depend in any of the FUD news you will read in the updates of the coins, also
Don't rely on your luck too.
Then, don't believe easily or depend in any of the FUD news you will read in the updates of the coins, also
Don't rely on your luck too.
You should have at least a basic knowledge of trading and this will allow you to start earning. Do not spend a lot of time just for training. Start practicing slowly. Then you'll learn faster.
Do not trade vigorously without enough knowledge how to trade. Actually, we all know that it is risky but we go on and do trading because we want to gain profits like others. You have to understand charts, candles, indicators and the market to react and to do some good entries and exits.
I am yet to learn how a person who does not have enough knowledge can trade vigorously. Please let me know your thoughts. Unless they completely playing with their money they wont do so.However just understanding charts and patterns wont do you any good unless you try some dummy trading yourself. In day trading the indicators do need to be kept track of and once you get the hang of it, it becomes easier to track. But tracking them before a certain move is tough and thats is where predictive power comes into play along with the knowledge of indicators.
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.
well, sometimes you can use CFDs to benefit from bearish trend. though it is a problem to find a good CFD provider
Do not trade vigorously without enough knowledge how to trade. Actually, we all know that it is risky but we go on and do trading because we want to gain profits like others. You have to understand charts, candles, indicators and the market to react and to do some good entries and exits.
In crypto market there are always 2 different trend, bearish and bullish so if we trade only when bullish trend will be minimize the risk and we can make maximum profit. There are many trader and investor has been loss more than 80% , and that happen because they dont have any risk management. Anytimes we want to decide to trading or make invest in crypto, we should be use stop loss and learn more about the trend and price action of crypto. By to see historycal price, we can loss more than 90% from crypto so when bearish trend started we should immediatly out from the market.
Yes I know I have to avoid mistakes always for trading. Because there may be a big loss if there is a little mistake in trading. So I think always be careful when trading. If not, all capital losses will be. There can be no greed during trading. If there is more greed habits then it will be removed very quickly. Otherwise it would be harmed all cryptocurrency. The feeling should be kept in mind while trading. Otherwise it can be a big loss. So I think there will be no wrong doing during trading. Trading is a professional work. So no mistake during a single trade.
Thank you.
Thank you.
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 tradeonly 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
More points about mistakes need to avoid are welcomed here for the newbie to learn.
I don't think that technical analysis is not applicable at all. In case no major events are coming technical analysis may help you in day trading.
Support and resistance concept can be useful.
Many people believe that bitcoin does not follow the Technical Analysis and is most move with respect to the news of the coins. This might be true in some sense but in the long run the Technical Analysis do play an important role.
If you want to be a perfect day trader, then TA should be at your finger tips else you will not succeed in this field.
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 tradeonly 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
More points about mistakes need to avoid are welcomed here for the newbie to learn.
I don't think that technical analysis is not applicable at all. In case no major events are coming technical analysis may help you in day trading.
Support and resistance concept can be useful.
Many people believe that bitcoin does not follow the Technical Analysis and is most move with respect to the news of the coins. This might be true in some sense but in the long run the Technical Analysis do play an important role.
If you want to be a perfect day trader, then TA should be at your finger tips else you will not succeed in this field.
Only technical analysis could not work, chart figures can be invalidated after the entry of a lot of money or massive sales, but if you understand, there is no need to learn patterns, you can simply react or even risk predicting at times.
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 tradeonly 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
More points about mistakes need to avoid are welcomed here for the newbie to learn.
I don't think that technical analysis is not applicable at all. In case no major events are coming technical analysis may help you in day trading.
Support and resistance concept can be useful.
Many people believe that bitcoin does not follow the Technical Analysis and is most move with respect to the news of the coins. This might be true in some sense but in the long run the Technical Analysis do play an important role.
If you want to be a perfect day trader, then TA should be at your finger tips else you will not succeed in this field.
it must be therefore more careful in daily trading to make a decision if you do not want to regret later, but trading if there are no mistakes is not good for the future if in my opinion
the thing to avoid also is excessive panic. sometimes it can be very difficult. FUD and FOMO sometimes have a greater influence when the information has spread. however, in day trading, I think that can indeed be avoided when you really pay attention to it. it could trigger selling 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.
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 tradeonly 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
More points about mistakes need to avoid are welcomed here for the newbie to learn.
The major problem with trading if we did mistakes is when we are being controlled by our emotions, especially if We do not know how to use it properly if we are in the actual trade market. Second was that most trader particularly the newbies or most of them are becoming more greed, imagine even without any knowledge and idea about in trading, they are eager to do trading due to they are hyped that they can earn big in crypto even if you are a newbie only, which is wrong actually.
#4 should resound with a lot new comers, trading is a competitive game,the average person loses money to the smart trader,the dumb trader loses money the average and smart trader.So unless you know what you are doing, do not dabble into day trading as a means to make money.
Nobody actually goes into trading to make mistakes that will lead to a loss of investment. Mistakes in day trading can be made repeatedly when we embark on the wrong things. One of the mistakes to avoid during day trading, is not to hold a position for too long, once you've placed a position, target for a reasonable profit and exit the trade.
You make it sound too easy lol. You are telling us not to hold too long and then you are suggesting us to target for a reasonable profit and exit the trade? Not sure if you can have this both together. What if the target never reaches? You will be then holding it for a long time. Keep in this on your mind, it is sometimes it is better to exit before reaching the goal in order to save yourself from bigger loss.
it must be therefore more careful in daily trading to make a decision if you do not want to regret later, but trading if there are no mistakes is not good for the future if in my opinion
Nobody actually goes into trading to make mistakes that will lead to a loss of investment. Mistakes in day trading can be made repeatedly when we embark on the wrong things. One of the mistakes to avoid during day trading, is not to hold a position for too long, once you've placed a position, target for a reasonable profit and exit the trade.
therefore the level of emotion must be maintained in conducting daily trading, it is indeed quite difficult to get a big profit in doing daily trading, because the current market situation many conclude is still in the recovery phase. it would be nice if we could change the day trading strategy into a form of long-term trading to minimize the risk of losses and can save more time
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