What is good amount to start day trading is 100$ enough?? - page 11.

coinfinger

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Quote from: DeadCoin on April 19, 2020, 01:14:27 AM

To start day trading with a hundred dollars is not bad nor good enough at all. With a hundred dollars as start day trading may give you a smaller profit but losing it in trading the hurt may not be so painful for you. Tough, trading is a risk to take but when you succeed then congratulations to you. Strategic plans are the most important investment when you decide to go in the business like this.

Yes, I agree that $100 may not be enough and may be a right capital to start with. It is always a good practice to start trading with possible least capital amount. Because, it will help not to be trading under pressure for the reason of being panic about losing big. Day trading is known for all its huge risks of losing all the capital with the blink of eye. So, I also feel $100 must be a good capital for a beginner to start with.

Moreover, personally I never recommend anyone to get into day trading and instead of that, I just recommend always about buy and holding. Because when we are having an easiest method to make more profits out of cryptos, why should we go for the risky method of trading?

Latviand

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Quote from: GreatArkansas on April 12, 2020, 08:20:52 AM

For me, even small or large capital in your account, it will not matter. Just RISK MANAGEMENT.

Risk management is really important most especially if you know that the market is very unstable. No matter how huge your asset is still you need to be careful in trading because money is never easy to acquire most especially cryptocurrency. You need to manipulate your coin properly and trade it so that you never lose your money.

That's the problem to those beginner, they are complaining that they always experience huge and small losses in trading. Beginners should experience that kind of conflict so that they learn how to improve their trading and learn from their mistakes. People aren't perfect and you need to improve in order to become good at something.

Quote from: GreatArkansas on April 12, 2020, 08:20:52 AM

Since, it will also depend on the amount allocated for every position you will enter.
Like 10% of total account balance, or 20% or less/greater than.
You need risk management, you need to plan and stick with it, your target or stop loss.

Having some strategies based on the market is really effective and will help you in stop loss. You know that trading is somewhat the same in gambling, they are both risky. The difference between them is that in trading, you have complete control and manipulation in your money so the outcome depends on the market and your strategy.

Ridwan Fauzi

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I think bitcoin is the safest way to start trading for some newbies.

As long as you have known the basic knowledge you will never lose all of your money.

At least you can hold first don't set the stop loss when you are trading, just set take profit when every time you trade.

I've been doing it until now, I never sell my bitcoin when I see my prediction went wrong just hold it.

But maybe no with altcoin, when you choose the wrong altcoin especially new altcoin who just listed on the exchange then I'm sure you'll never be able to get your money back, although you try to hold it for a long time.

so98nn

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Quote from: Bvvvp009 on April 12, 2020, 07:33:49 AM

How many times one can loose all his trading accounts before really start trading and earn.

I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.

Even if you get 10k bucks or 10 bucks, it is upto the trader how he uses them! You can come to an end where you will end up loosing all if you are trading with professional manner. Many think that trading is just an easy job, where you put money, buy at low sell at high, but that doesnt work like that. You need huge patience, techniques, right timing and bit of luck to play in well fashioned manner. A professional experienced trader can turn 100 bucks into 100 grand and a person with no experience can do vice versa.

The question is not how much is enough, the question is are you ready to trade with the case scenario I explained above.

DeadCoin

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To start day trading with a hundred dollars is not bad nor good enough at all. With a hundred dollars as start day trading may give you a smaller profit but losing it in trading the hurt may not be so painful for you. Tough, trading is a risk to take but when you succeed then congratulations to you. Strategic plans are the most important investment when you decide to go in the business like this.

Subbir

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Quote from: Bvvvp009 on April 18, 2020, 09:51:40 PM

Quote from: Shasha80 on April 14, 2020, 06:13:29 PM

There are no exact rules of capital used to start day trading, because everyone has different financial abilities. Most importantly used
money that we can afford to lose, to start day trading with $ 100 is not a problem. And if it happens losses when day trading like you
experience it is normal that happens to all traders, even myself several times suffered losses. That will be a valuable lesson in order to
find the mistakes we make and not will repeat it again, in the end we can produce the profit we want.

Thanks for sharing your knowledge,
I will gain some more knowledge and money management then I will go in to trading with small account

In the case of long-term trading, the investment is more profitable but within the case of day trading, short trading is best But enough capital is required to trade. i feel it's better to start out at $ 50/100 It reduces the quantity of injury and is straightforward to recover.

Bvvvp009

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Quote from: Shasha80 on April 14, 2020, 06:13:29 PM

There are no exact rules of capital used to start day trading, because everyone has different financial abilities. Most importantly used
money that we can afford to lose, to start day trading with $ 100 is not a problem. And if it happens losses when day trading like you
experience it is normal that happens to all traders, even myself several times suffered losses. That will be a valuable lesson in order to
find the mistakes we make and not will repeat it again, in the end we can produce the profit we want.

Thanks for sharing your knowledge,
I will gain some more knowledge and money management then I will go in to trading with small account

Bvvvp009

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Quote from: adzino on April 18, 2020, 09:57:01 AM

Quote from: Bvvvp009 on April 12, 2020, 07:33:49 AM

How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.

How many times? - You will never know. If people ended up "making" no loss at all after few tries, then we would be seeing lots of rich people right now. Trading does not mean that you will be making guaranteed profit. All you can do is reduce your losses, when you see that you might make some loss by managing things properly.
If you are not being able to make profit after several tries, then I guess you are doing something wrong. Try to find out your mistakes and fix them before you go bankrupt!

Quote from: adzino on April 18, 2020, 09:57:01 AM

Quote from: Bvvvp009 on April 12, 2020, 07:33:49 AM

How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.

How many times? - You will never know. If people ended up "making" no loss at all after few tries, then we would be seeing lots of rich people right now. Trading does not mean that you will be making guaranteed profit. All you can do is reduce your losses, when you see that you might make some loss by managing things properly.
If you are not being able to make profit after several tries, then I guess you are doing something wrong. Try to find out your mistakes and fix them before you go bankrupt!

Yeah Really trying to get my faults and mistakes by staying out of the market and gaining some more knowledge before going in.

Yamifoud

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Quote from: Question123 on April 18, 2020, 08:43:48 AM

Losing money is normal and better once you lose you do something knew that can avoid that.
A capital of $100 is good but if the coin you purchase is the low value only because with that amount if you buy a coin at high you will get small amount of profit because even the coin turn into very high you do not have even 1 piece of the coin so your money not earn big even the times 2.

Yeah, it was a normal case scenario but losing it multiple times without doing something to correct it, that is not good at all and seems not a normal thing to happen if we would like to become profitable. Actions should be needed and it should be instant. We can't go far if we let our mistakes beating us and do nothing.

$100 is enough to start learning in trading, we can still make money from it. $1k as a capital is a way to go further and much expect huge gains if we are able to manage perfectly.

adzino

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Quote from: Bvvvp009 on April 12, 2020, 07:33:49 AM

How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.

How many times? - You will never know. If people ended up "making" no loss at all after few tries, then we would be seeing lots of rich people right now. Trading does not mean that you will be making guaranteed profit. All you can do is reduce your losses, when you see that you might make some loss by managing things properly.
If you are not being able to make profit after several tries, then I guess you are doing something wrong. Try to find out your mistakes and fix them before you go bankrupt!

Question123

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Losing money is normal and better once you lose you do something knew that can avoid that.
A capital of $100 is good but if the coin you purchase is the low value only because with that amount if you buy a coin at high you will get small amount of profit because even the coin turn into very high you do not have even 1 piece of the coin so your money not earn big even the times 2.

SvonioneFromMangoCoinz

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Quote from: Bvvvp009 on April 12, 2020, 07:33:49 AM

How many times one can loose all his trading accounts before really start trading and earn.

I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.

wow, it is a pretty big amount. I believe that after having burned your account many times, you have got yourself a new trading system. so you should use the next $ 100 to trade at snapex, which is one of the exchanges with the biggest bonuses and you can withdraw straight to your wallet. After trading and get 10000 snap points, you will receive 100 USDT. a reward and hope it can help you recover your previous loss.

CHENIEN

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if you are aggressive in the field of trading 100$ is not enough to invest, actually you make it 300$ to raise huge funds and you should keep the 20% amount for your emergency funds, however, you need to educate yourself for a better way to deserve and learn the advantage and disadvantage on day trading platform to gain more.

hahay

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I don't understand about the account you mean with different amount of losses, but apart from that I think any amount or with a capital of $100 will be enough if you have the skills to do it, because it will all be useless when you have large capital but you do not have a good trading basis so you will never get a good return or as expected. So the main step in this case is about basic knowledge and strategies that you should at least understand, if you have understood a good initial step then with a small capital you still have the opportunity to make good profits over time.

Eplus_Team

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Basically it doesnt mather if you trade with 10$ or 1000$, its about the % gains that you make.

whyrqa

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I understand that this issue is aimed at finding out how much money you need to spend on cryptocurrency, so that when trading a particular coin, you can receive an income of $ 100 daily. I think that, first of all, it all depends on which cryptocurrency a trader will choose for daily trading. For this, it is necessary to conduct a mandatory analysis of the coin and its behavior on the entire cryptocurrency market, as well as on a particular cryptocurrency exchange. You need to choose the best exchange with large volumes of coin trading, and also set the strategy for scalping correctly. I think that these indicators are much more important than the total amount of capital for a specific profit.

mersal

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Any amount can be enough and no amount may not be enough so its like double edged sword, you can make huge from little investment or can lose huge capital in no time so the capital amount is not really important for a day trader it should be technical analysis and decision making abilities so they can make money from what they have according to their market condition.

BlackFor3st

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Quote from: Bvvvp009 on April 12, 2020, 07:33:49 AM

How many times one can loose all his trading accounts before really start trading and earn.

I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.

As a newbie, don't start trading that easily learn the basics first so you can avoid losing too much money in your trial and error while trading. Though experience is not that bad teacher but it will be good if you have some basics of trading before you will take your journey in trading so you can enjoy trading while earning.

Any amount is a good start but as a newbie, it will be good if you will try as low as possible so it will not hurt that much if you in case loss it. Trading is pretty hard if you have no knowledge to it that is why many are doing their research first before they start. Like what exchange to use, tools to use and etc. especially that you are targeting a daily trading which is very difficult if you don't have enough resources.

TitanGEL

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Quote from: tbterryboy on April 15, 2020, 01:10:30 PM

Quote from: Bvvvp009 on April 12, 2020, 07:33:49 AM

How many times one can loose all his trading accounts before really start trading and earn.

I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.

There is nowhere it's written that everyone must be a trader lol. If trading is not working out for you, don't you think it's time you take a break from it and focus on other things? Or maybe you can take time out and use it to learn more about trading. It's not an easy thing, it requires a lot of learning.

There are more that you will have to learn to get better in trading, and technical analysis is one of the things that you will have to learn. And sometimes it just doesn't work, there are times you will study the price using T.A, but at the end you will still be disappointed. My advice is that you should take a break and first of all learn it and after learning, you can go back and give it a short again and if it doesn't work, then it's time to quit.

Break is not what we need, we should focus on learning for us to have consistency in the market. $100 is good to start trading but we should make sure that we can protect with our knowledge. Newbies are mostly losing in trading because they do gambling and not trading, what I mean is they are putting money and they do not know what they are doing and they are simply doing gambling. If we lose in trading, that's fine as long as we get experiences and we know our limitations.

tbterryboy

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Quote from: Bvvvp009 on April 12, 2020, 07:33:49 AM

How many times one can loose all his trading accounts before really start trading and earn.

I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.

There is nowhere it's written that everyone must be a trader lol. If trading is not working out for you, don't you think it's time you take a break from it and focus on other things? Or maybe you can take time out and use it to learn more about trading. It's not an easy thing, it requires a lot of learning.

There are more that you will have to learn to get better in trading, and technical analysis is one of the things that you will have to learn. And sometimes it just doesn't work, there are times you will study the price using T.A, but at the end you will still be disappointed. My advice is that you should take a break and first of all learn it and after learning, you can go back and give it a short again and if it doesn't work, then it's time to quit.

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