Mistakes need to avoid in day trading - page 6.

Visbay

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Quote from: Findingnemo on February 18, 2019, 06:51:38 AM

Quote from: Vaculin on February 16, 2019, 09:33:19 PM

Quote from: Findingnemo on February 16, 2019, 07:24:46 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.

The important think that every trader need to remember that they don't have to hurry in day trading which can cause losses as well and keep learning about the current situation will make the life of trade more successful.

If you are a day trader so it is very important to have good knowledge about trading for short term and also keep this in mind that only one situation is there to help you earn if is having fine skills and enough knowledge about day trading, in current situation we can easily buy at cheap price and holding for few months and give remarkable profit.

BitcoinTurk

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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.

Mister1k

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Quote from: Farma on February 18, 2019, 12:32:35 PM

Quote from: Clark05 on February 18, 2019, 07:07:38 AM

Everything is good advice for the newbie trader. First before anything the capital that you need to use is the money that you can afford to lose because it is safe way incase the money is not grow you have still money too. Day trading now is not good because they need to choose longterm because of the market now. As newbie mistake is normal but in the second time around you need to be careful and don't do that again what can cause you make a mistake.

a beginner's mistake sometimes they are too excited, and miss the opportunity to sell at a high price. well, this actually doesn't only happen to a beginner, but also some people who have already traded. maybe a not-so-big profit must be taken as long as it's far from risk.

As a trader truly needs to maintain a strategic distance from mix-ups, in light of the fact that mix-ups can truly make us misfortune an enormous measure of benefit, I trust that trading is an astonishing approach to procure once in a while, however we additionally should be more tolerance and we need to stay away from misfortunes by doing exchange an extremely cautious way.

I trust that botches is a piece of an actual existence of a broker and I trust that we can't make everything flawless so on the off chance that we can commit an error we should be more judiciousness and right it in the following exchanging.

Farma

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Quote from: Clark05 on February 18, 2019, 07:07:38 AM

Everything is good advice for the newbie trader. First before anything the capital that you need to use is the money that you can afford to lose because it is safe way incase the money is not grow you have still money too. Day trading now is not good because they need to choose longterm because of the market now. As newbie mistake is normal but in the second time around you need to be careful and don't do that again what can cause you make a mistake.

a beginner's mistake sometimes they are too excited, and miss the opportunity to sell at a high price. well, this actually doesn't only happen to a beginner, but also some people who have already traded. maybe a not-so-big profit must be taken as long as it's far from risk.

superstarbtc

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one of the main important points for trading is balancing the emotion and balance in trading is very important there will be uptrend and downtrend in both the trends we need to handle be stable in booking profits

Clark05

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Everything is good advice for the newbie trader. First before anything the capital that you need to use is the money that you can afford to lose because it is safe way incase the money is not grow you have still money too. Day trading now is not good because they need to choose longterm because of the market now. As newbie mistake is normal but in the second time around you need to be careful and don't do that again what can cause you make a mistake.

Findingnemo

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Quote from: Vaculin on February 16, 2019, 09:33:19 PM

Quote from: Findingnemo on February 16, 2019, 07:24:46 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.

The important think that every trader need to remember that they don't have to hurry in day trading which can cause losses as well and keep learning about the current situation will make the life of trade more successful.

michellee

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Quote from: Vaculin on February 16, 2019, 09:33:19 PM

Quote from: Findingnemo on February 16, 2019, 07:24:46 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.

So we need to never stop for learning about trading if we want to be a pro trader. I am sure that every people have their ability to learn to trade and the different from this is having a will to learn or not. And when someone wants to increase his skills, he should know that the one thing he should do is only learning more and more. Don't feel satisfied when you can reach something because you can do more than that.

Vaculin

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Quote from: Findingnemo on February 16, 2019, 07:24:46 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.

Findingnemo

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Quote from: luckycoinn on February 15, 2019, 01:57:18 AM

Quote from: Indamuck on February 01, 2019, 10:57:24 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.

so you mean that noobs are not allowed to try daytrade?
so when they gonna be a pro? Pro also noob back then, but they try and learn so they can be pro.
and you said have been doing for years? when a noob learn and try for years too, they can also be a pro

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.

btcyoda

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Quote from: cryptocointrade.com on February 15, 2019, 12:56:38 AM

Quote from: Findingnemo on January 31, 2019, 01:23:33 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.

Hi, this is my list about mistakes needed to be avoided

1. Only Invest What You Can Afford To Lose
2. Diversify: Never Put All Your Eggs In One Basket
3. Don’t Try To Make Profit In Every Trade
4. Don’t Be Too Greedy
5. Don’t Have Fear Of Missing Out (FOMO)
6. Maximize Your Winning Trades
7. Always Learn From Your Trading Mistakes
8. Minimize Your Losses And Set Stop Losses
9. Reduce Emotions And Stay With Your Strategy
10. Sell The News And Buy The Rumors

Many traders agree that the hardest thing to become a winning trader isn’t to maximize your winnings but rather to minimize your losses. This article will walk through ten Cryptocurrency Trading Tips and trading mistakes, one-by-one and how to avoid them. In this article, we ’ll go through Cryptocurrency Trading Tips on how to avoid the most common mistakes in cryptocurrency trading.

These are the basic mistakes we are doing in the trading, every time day trading will not work for us because market fluctuation will change continuously. So we have to act according to the market condition and fluctuation.

luckycoinn

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Quote from: Indamuck on February 01, 2019, 10:57:24 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.

so you mean that noobs are not allowed to try daytrade?
so when they gonna be a pro? Pro also noob back then, but they try and learn so they can be pro.
and you said have been doing for years? when a noob learn and try for years too, they can also be a pro

cryptocointrade.com

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Quote from: Findingnemo on January 31, 2019, 01:23:33 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.

Hi, this is my list about mistakes needed to be avoided

1. Only Invest What You Can Afford To Lose
2. Diversify: Never Put All Your Eggs In One Basket
3. Don’t Try To Make Profit In Every Trade
4. Don’t Be Too Greedy
5. Don’t Have Fear Of Missing Out (FOMO)
6. Maximize Your Winning Trades
7. Always Learn From Your Trading Mistakes
8. Minimize Your Losses And Set Stop Losses
9. Reduce Emotions And Stay With Your Strategy
10. Sell The News And Buy The Rumors

Many traders agree that the hardest thing to become a winning trader isn’t to maximize your winnings but rather to minimize your losses. This article will walk through ten Cryptocurrency Trading Tips and trading mistakes, one-by-one and how to avoid them. In this article, we ’ll go through Cryptocurrency Trading Tips on how to avoid the most common mistakes in cryptocurrency trading.

BlackPanda

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Quote from: Tungsten-1 on February 14, 2019, 01:39:07 PM

Quote from: moynul2050 on February 10, 2019, 08:56:32 PM

mistakes that occur do have to be used as experiences so as not to repeat themselves in the future so we don't make the same mistakes. in daily trading mistakes are indeed very important things to avoid I strongly agree with some points mentioned by the OP so that we avoid mistakes that often occur in daily trading.

Agree with you mate we should try to avoid making mistakes than crying over spit milk, better avoid all your mistakes, there are some mistakes like panic selling, being greedy to have profit and not to wait for right time selling, to be a good trader you will have to control your emotions so you will always only earn and will not lose anything, don’t panic just wait.

Good emotional control will determine whether a trader will get success or not. Controlling emotions can make a trader make a good decision, because with all the calm things can be much more comfortable and we can think well by paying attention to all aspects such as analysis and data.

iMark

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Quote from: ongkok87 on February 10, 2019, 06:29:18 AM

Quote from: traderethereum on February 10, 2019, 06:06:27 AM

Quote from: xenxen on February 10, 2019, 02:12:40 AM

and dont to be greedy sometimes being greedy is the way to loose your fund because waiting of more income in daytrade. so much better to sell if the price is enough to profit..

Greed is the biggest problem that traders will face in the market because once the price can increase higher, sometimes we don't take the profit and let it go for higher. But suddenly, in the next minutes, the price drops drastically without we have a chance to sell at the highest price and it happens over and over. I remember in a few years ago when I was new in trading, and I miss so many chances to sell at the highest price because of greediness. And now, I don't want to get the same mistake, and I will prevent to be greedy.

therefore most people fail to trade because they have great greed and emotions too, because these two traits should never be used to trade if you want to get a bishopric

Everyone wants a big profit, everyone doesn't want to lose too much, that's the wrong mindset of a trader, thats why they
experience greed and panic if certain conditions, they have to change their mindset

Botnake

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Quote from: ?? on ??

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.

While it's true that it's not easy to avoid, but we do have to put in mind that we need some strategy to avoid making mistakes as every mistake will cost us money, that's the reality in trading.

To be profitable which is our main goal, we should continuously develop our skills in order to predict the right market movement.

If we do that and will predict it right most of the time, it will result to a profit as long as we also know how to properly manage our funds.

beerlover

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Quote from: ?? on ??

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.

Yes, day trading timings are known heaven for committing unexpected mistakes. We need to be more careful so that we can avoid those mistakes but it will be possible only after having plenty of experience in day trading otherwise almost all the traders are making mistakes in day trading as it is easier for them to get emotionally failed due to fluctuations of day to day markets.

We may go for listing all the mistakes which are possible in entire trading then we can adopt those for day trading too because day trading is known for committing more mistakes than any other type of trading.

Tungsten-1

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Quote from: moynul2050 on February 10, 2019, 08:56:32 PM

mistakes that occur do have to be used as experiences so as not to repeat themselves in the future so we don't make the same mistakes. in daily trading mistakes are indeed very important things to avoid I strongly agree with some points mentioned by the OP so that we avoid mistakes that often occur in daily trading.

Agree with you mate we should try to avoid making mistakes than crying over spit milk, better avoid all your mistakes, there are some mistakes like panic selling, being greedy to have profit and not to wait for right time selling, to be a good trader you will have to control your emotions so you will always only earn and will not lose anything, don’t panic just wait.

PuertoLibre

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Quote from: timmydakolo2 on February 13, 2019, 05:32:06 PM

Quote from: Findingnemo on January 31, 2019, 01:23:33 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.

These are good mistakes been pointed out to be avoided by a day trade trader and also for the newbies who wants to take part or adopt in day trading. Additional mistake one also do is by looking back at when sold off and the price went up. Don't have that emotions because it won't help.

Sometimes price is dancing with emotions while it creates fake breakouts and pullbacks. Mistakes are costly and without cost business can't operate and trading is online version of asset exchanging business. Emotions will lead to make mistakes but not all mistakes make trouble,sometimes newbie luck can cause winning series in trading.

Finestream

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Quote from: Farma on February 11, 2019, 10:42:57 AM

I think there are enough things that our friends have mentioned in terms of what we need to avoid. now we only need to pay attention to these points, because sometimes the control is over, and also the greedy nature makes us forget about those points.

Exactly.These points will lose its value if a trader tends to be more greedy and is mostly controlled by his own emotions.He will never make it to a successful trading.Day trading might bring high risks particularly for newbies so better day trade only when you are already gaining lot of experiences and is already capable to take those risks.

Topic: Mistakes need to avoid in day trading - page 6. (Read 1259 times)