Mistakes need to avoid in day trading - page 9.

Finestream

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Quote from: semobo on February 05, 2019, 02:14:41 PM

Quote from: Kahoy01 on February 05, 2019, 06:23:35 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.

I agree to your no. 4 statement. We should not do day trading if we do not fully understand how it works. We will only lose our investments due to the volatility of the cryptocurrencies. Always remember that you should stay away in daily trading for you to not experience losses.

Day trading can make good profits or huge losses,even the experinced traders will face losses in the crypto trading especially while day trading.So it should be like taking risk even after we know it and make some outcome with the market volatility.

That is why day trading is not really advisable especially for newbies because of the high risks it brings.Yes it can give you an instant profit but if you don't know how to deal with it,you will only lose your capital.So it would be better to learn long term trading first then after you have gained more experiences in trading,then you can try day trading already.

SlimShadyMmp

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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.

Loosing 5-10$ during day trade at times is not really that bad at all if you look at it from the learning curve It will definetely teach you to know how to discipline yourself and your emotions effectively Am very people learn from their mistake, study the system and try out their luck again

semobo

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Quote from: Kahoy01 on February 05, 2019, 06:23:35 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.

I agree to your no. 4 statement. We should not do day trading if we do not fully understand how it works. We will only lose our investments due to the volatility of the cryptocurrencies. Always remember that you should stay away in daily trading for you to not experience losses.

Day trading can make good profits or huge losses,even the experinced traders will face losses in the crypto trading especially while day trading.So it should be like taking risk even after we know it and make some outcome with the market volatility.

milewilda

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Quote from: Caladonian on February 05, 2019, 05:31:40 AM

Quote from: Findingnemo on February 05, 2019, 02:46:28 AM

Quote from: Matthewmorris4 on February 04, 2019, 12:19:31 PM

Enter the market for daily trading can actually be a pretty fatal mistake, Also if you dare to risk any amount of it, actually no one can't afford their money.
I prefer to choose not to day trade even if i understand the condition and market circumstance

If you don't have any dare to take such risk then you can't make anything so you will be a slave for some boss forever?

Day trading is more profitable with crypto currencies but not always that is the problem with it.

With that statement, personally it will be depend on how well we can sort things out and make a quick decision when market change trend,
taking a risk is one big factor but being well knowledgeable should be the first thing first, when you know what you are doing you can take
the advantage to make profits.

Knowledge and skills should be bring inside the market that you'll going to enter, so you can avoid mistake and burned your investment.

A very well prepared person entering the market would make a change and will make a change in the future. Equipped already with knowledge and skills, traders should be wary about of this kind of people. Considering that he/she is ready to take the risk he/she will probably get ahead to those who have doubt on their self.

Kahoy01

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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.

I agree to your no. 4 statement. We should not do day trading if we do not fully understand how it works. We will only lose our investments due to the volatility of the cryptocurrencies. Always remember that you should stay away in daily trading for you to not experience losses.

Caladonian

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Quote from: Findingnemo on February 05, 2019, 02:46:28 AM

Quote from: Matthewmorris4 on February 04, 2019, 12:19:31 PM

Enter the market for daily trading can actually be a pretty fatal mistake, Also if you dare to risk any amount of it, actually no one can't afford their money.
I prefer to choose not to day trade even if i understand the condition and market circumstance

If you don't have any dare to take such risk then you can't make anything so you will be a slave for some boss forever?

Day trading is more profitable with crypto currencies but not always that is the problem with it.

With that statement, personally it will be depend on how well we can sort things out and make a quick decision when market change trend,
taking a risk is one big factor but being well knowledgeable should be the first thing first, when you know what you are doing you can take
the advantage to make profits.

Knowledge and skills should be bring inside the market that you'll going to enter, so you can avoid mistake and burned your investment.

jems

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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.

Besides that I think we should choose an exchange with high trading volume and also have many types of altcoins for us to choose for day trading.

Ronaldcoin2017

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Day trade really needs to avoid mistakes, because mistakes can really make us loss a huge amount of profit, I believe that day trading is an amazing ways to earn every now and then, but we also need to be more patience and w e need to avoid losses by doing trade in a very careful way. I believe that mistakes is a part of a life of a trader and I believe that we cannot make everything perfect so if we can make a mistakes we need to be more prudence and correct it in the next trading.

Findingnemo

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Quote from: Matthewmorris4 on February 04, 2019, 12:19:31 PM

Enter the market for daily trading can actually be a pretty fatal mistake, Also if you dare to risk any amount of it, actually no one can't afford their money.
I prefer to choose not to day trade even if i understand the condition and market circumstance

If you don't have any dare to take such risk then you can't make anything so you will be a slave for some boss forever?

Day trading is more profitable with crypto currencies but not always that is the problem with it.

Matthewmorris4

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

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.

Enter the market for daily trading can actually be a pretty fatal mistake, Also if you dare to risk any amount of it, actually no one can't afford their money.
I prefer to choose not to day trade even if i understand the condition and market circumstance

Xising

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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.

Somehow, I agree with your list. I think there are many people who wants to be in the market, especially the day trading market, who only wants to wing it without actually knowing or learning what they're getting themselves into. The problem with the day-trading market is that even if you can get good returns from it, it can also bite you right back from behind if you leave it unmanaged and without enough knowledge, one would find it actually more disastrous than a jackpot.

TalkStar

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Quote from: sweetbet on February 03, 2019, 07:08:55 PM

Don't listen to "influencers" because 99% of the time, they're being paid to influence traders in a certain direction.

Exactly...you are right. Honestly its tough to predict about a crypto. Some guys just being paid to influence traders. Real traders never believe on this but they can observe projects upcoming announcement.

Trading is always a mind game. Put your mind calm & trade with your own strategy.

FUD Expert

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I think the mistake is day trading itself. Because seriously, how can you make a decent returns in this calamity that we are currently suffering in crypto? I see some coins still get pumped but I know it was manipulated only by some pump and dump groups in telegram.

Findingnemo

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Quote from: Kay4ace on February 03, 2019, 07:07:23 PM

Could you explain no4 better. Because I really don't understand

There is a typo in it,now edited to right.

If you still want to understand it,day trading is like a job so you need to be available all the time and also it is simply not based on the hope it needs to be lot of analysis involved to make the daily profits and also you need to understand the fact that day trading is not profitable all the days you need to face losses as well.

Nonie

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a good topic is indeed difficult to trade with the condition that the bear market now needs to be careful because the price can go down very quickly and it will take a long time to rise

wildey

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Quote from: sedahan13 on February 03, 2019, 09:26:38 PM

I want to add one more thing, dont forget to use stop loss for each trade. Did not use stop loss is my biggest mistake in crypto trading and because that, i has been loss more than 90%. High fluctuacion of crypto can be offer huge profit but also will be have very high risky.

well, maybe I want to add to take every opportunity when you're in a state of profit, don't be greedy, small profits don't matter either. sometimes, even though we have benefited from daily trading, we are still waiting for a higher price. well, avoid things like that.

sedahan13

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I want to add one more thing, dont forget to use stop loss for each trade. Did not use stop loss is my biggest mistake in crypto trading and because that, i has been loss more than 90%. High fluctuacion of crypto can be offer huge profit but also will be have very high risky.

mapanlah

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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.

Daily trading is the smallest trading risk, besides we can earn daily income, we can also monitor prices from time to time, but this also allows the perpetrator to always focus on price movements, common mistakes sometimes we are carried away by emotions, if there are not many benefits we each wants to let go of our coins, also if the price drops a little we also don't want to buy, buying and selling bitcoin requires patience and not getting carried away by getting a lot of profit.

sweetbet

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Don't listen to "influencers" because 99% of the time, they're being paid to influence traders in a certain direction.

Kay4ace

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Could you explain no4 better. Because I really don't understand

Topic: Mistakes need to avoid in day trading - page 9. (Read 1259 times)