Mistakes need to avoid in day trading - page 5.

jrrsparkles

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Eloncoin.org - Mars, here we come!

Quote from: Noa_Amable on February 26, 2019, 02:17:32 PM

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.

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.

Technical analysis is also needed for any kind of trader but don't completely depend on that for your prediction.Using indicators will help a lot for the people for day trading if someone don't have that knowledge then they are gambling on it.

Webberson

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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.

Autumn_Rain

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the 4th point is an essential matter and the most difficult as well, cause you never know when you are ready to trade and where actually to extract that knowledge from

Hannahanto

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Quote from: Ayiranorea on February 28, 2019, 10:54:36 AM

It is completely like gambling, we just predict the growth and make trade decisions. If the trade prediction gets coincide with the real move of the respective asset then it gets a big earning. Here users with large volume make big profits as each and every single percentage of growth is used precisely.

Blindly do not choose a coin even if it has a good trading volume in a good exchange. I had to choose the coin PXG (Playgame). I did go through the growth trend and analyzed its move with volume in all exchanges it is listed. I was totally convinced and yes i bout the coins when the price was dipping. To my bad luck, the price is still falling down. This is the first time PXG faced such down fall in their growth history. Unable to get back as i feel i may loose $150 dollars.

Ayiranorea

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It is completely like gambling, we just predict the growth and make trade decisions. If the trade prediction gets coincide with the real move of the respective asset then it gets a big earning. Here users with large volume make big profits as each and every single percentage of growth is used precisely.

oceantiger

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The points raised in the post will surely help. These other points will also help. Do have a trading plan. Always use StopLoss and Take Profit. Do not revenge trade once your daily target is triggered whether positive or negative quietly leave the market for the day. Have a reasonable capital base.

dark08

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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.

The list you mentioned above are really helpful especially for those people that newbie and always emotional in day trading.
Its not easy to win your trade if you do not known how to control your emotion and how the right time to enter your buy and selling order, during day trading you need tobe careful to your moves because a single moves can cause a big mistake to your analysis, dont be greedy and always take profit if its possible

Vanshenz

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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.

I think many people trade in amounts that don't fit their abilities, so many people feel too disappointed when they suffer losses.
In addition, I agree with number 3, that many people start trading without thorough knowledge, so the risk of failure is greater.

reflector

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Activity: 826

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numerous Traders go into exchanging every day without appropriate information of its subtleties and what it really is all about,and consequently they lose a significant expansive measure of cash. People who day exchange without procuring the essential learning are just putting themselves at an immense dangers
It is unique in relation to simply "purchase and hodl it requires more focus and more study,so it's ideal to learn before contributing.

solarion

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Activity: 966

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Trading is for the people who are all having more experienced in this field, and you have to exchange dependent on the news and pattern, not founded on the fud and news, exchanging should be rationale not founded on feeling, and pointers could be valuable as an apparatus to enable you to choose, and constantly set the breaking point for your lost and your benefit in exchanging.

Faxmate

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Quote from: TheUltraElite on February 26, 2019, 08:50:03 AM

Quote from: futile-resistance on February 21, 2019, 03:24:54 PM

Yes, day trading is not as easy as compare to long term trading.

The question of difficulty cannot be from a biased opinion. For someone who has been trading for some time and making money from it you will get an opinion that it is profitable. The actually question is whether a person is accustomed to day trade or long term hodling. Sometimes a bit of both is needed to make the best of what is available to us.

Quote

But still there are a lot of people who only give preference to day trading, and now they have become expert of day trading. They are very active and always take a right decision on time.

And those people would call day trading profitable. Wink

Quote

In fact they know the nature of the market and therefore they enjoy day trading most, even get a good profit from there.

They actually make more money from dumping shitcoins on their "followers" in this so called "paid" groups designed to take your money. Tongue

In this matter as you have mentioned so I must say there are so many fake sites and scamming websites who use to say good things about their sites but there is no reality in it try to stay away from them, they only will show you green garden and when you will invest your money for trading they will get vanish without even informing you, so avoid strange and fake website, make good research before investing.

JumperX

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Trading truly needs to keep away from oversights, since missteps can truly make us misfortune a tremendous measure of benefit, I trust that day exchanging is a stunning approaches to procure sometimes, however we likewise should be more tolerance and w e need to maintain a strategic distance from misfortunes by doing exchange an exceptionally cautious way. I trust that botches is a piece of an actual existence of a merchant and I trust that we can't make everything flawless so in the event that we can commit an errors we should be more judiciousness and right it in the following exchanging.

Noa_Amable

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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.

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.

CarnagexD

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Activity: 1498

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Quote from: malikusama on February 26, 2019, 11:53:16 AM

Quote from: nydiacaskey01 on January 31, 2019, 06:33:54 PM

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.

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.

Day trading is always risky in both bear and stable market that's why it is non-recommended trading type.
A day trader don't expect huge amount of profit, because he can still manage to make it big by earning small profits regularly.
2% to 3% is still a good percentage in this market if you can earn it regularly.

Yes, day trade is a very risky type of trade on this industry however this type of trading style has a huge possibility of profit in a daily basis. Every day trader should know that even it is a day trade, don't try and push too hard to achieve the daily goal like 2-5%, this is what i commonly notices on their mistakes.

malikusama

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Quote from: nydiacaskey01 on January 31, 2019, 06:33:54 PM

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.

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.

Day trading is always risky in both bear and stable market that's why it is non-recommended trading type.
A day trader don't expect huge amount of profit, because he can still manage to make it big by earning small profits regularly.
2% to 3% is still a good percentage in this market if you can earn it regularly.

TheUltraElite

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Activity: 2898

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So anyway, I applied as a merit source :)

Quote from: futile-resistance on February 21, 2019, 03:24:54 PM

Yes, day trading is not as easy as compare to long term trading.

The question of difficulty cannot be from a biased opinion. For someone who has been trading for some time and making money from it you will get an opinion that it is profitable. The actually question is whether a person is accustomed to day trade or long term hodling. Sometimes a bit of both is needed to make the best of what is available to us.

Quote

But still there are a lot of people who only give preference to day trading, and now they have become expert of day trading. They are very active and always take a right decision on time.

And those people would call day trading profitable. Wink

Quote

In fact they know the nature of the market and therefore they enjoy day trading most, even get a good profit from there.

They actually make more money from dumping shitcoins on their "followers" in this so called "paid" groups designed to take your money. Tongue

futile-resistance

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Activity: 840

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Quote from: BitcoinTurk on February 18, 2019, 02:53:25 PM

Daily trading is actually a method of gain that many individuals have tried but not successful because nobody knows exactly what decision to make. There are so many people who are aiming for a high profit margin, especially for daily trading, which may be the reason for many individuals to fail. The first element to be made when trading daily is definitely to use stop loss and take profit orders. With the help of these orders, we will make the daily trade easier and we will benefit from all kinds of instantaneous fluctuations in price. On the other hand, ending the day in a stable alternative to Bitcoin or at the end of the day is an important detail when you trade daily.

Yes, day trading is not as easy as compare to long term trading. But still there are a lot of people who only give preference to day trading, and now they have become expert of day trading. They are very active and always take a right decision on time.
In fact they know the nature of the market and therefore they enjoy day trading most, even get a good profit from there.

Fredomago

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Quote from: boty on February 19, 2019, 12:57:53 PM

Quote from: Vaculin on February 16, 2019, 10:33:19 PM

Quote from: Findingnemo on February 16, 2019, 08:24:46 PM

Everyone can try trading as long as they can be afford to lose what they are investing,noobs are really can be a pro when they understand the trading very soon so doing something makes our life better than nothing.Just start it today and learn as fast as you can,be a pro soon.

Everyone has the chance to be successful in trading, we start as newbie but eventually we will grow if we will survive.
The journey that we are going through might not be easy but if we put passion on it and play it smart, we will have a good future in trading.

everything can be successful in the trading world if there is no interference from the government which often gives a bad statement to the development of cryptocurrency so that there is no bad news and will not make traders afraid, trading will run smoothly and become very successful.

It's up to a trader how he will handle situations like that, no one would wonder if how far trading can be done and how successful you can be, you need not just to avoid mistake but to learn how to cope up and make a much better options so you won't lose again, better to learn more about how to adopt things inside.

boty

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Quote from: Vaculin on February 16, 2019, 10:33:19 PM

Quote from: Findingnemo on February 16, 2019, 08:24:46 PM

Everyone can try trading as long as they can be afford to lose what they are investing,noobs are really can be a pro when they understand the trading very soon so doing something makes our life better than nothing.Just start it today and learn as fast as you can,be a pro soon.

Everyone has the chance to be successful in trading, we start as newbie but eventually we will grow if we will survive.
The journey that we are going through might not be easy but if we put passion on it and play it smart, we will have a good future in trading.

everything can be successful in the trading world if there is no interference from the government which often gives a bad statement to the development of cryptocurrency so that there is no bad news and will not make traders afraid, trading will run smoothly and become very successful.

GrayFullbuster

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Activity: 658

Merit: 103

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.

I agree to your statement no. 1, 2 and 4 but I do not agree to your no. 3 statements which is about technical analysis. As a trader, it is important to use technical analysis and trading indicators for us to know when is the right time to enter and to exit in cryptocurrency trading.

Topic: Mistakes need to avoid in day trading - page 5. (Read 1220 times)