Honestly, if you keep losing every single time you go into trading, maybe you are not really doing trading properly? Normally, if you are smart enough you shouldn't lose all your money, you should be losing some during bad days, that is understandable because people lose money during bad days however when you go all in with 100 dollars, the most you can lose should be 30-50% of what you get in and not ALL your money, there is not many coins that loses 100% of all their worth, maybe some small ones. Another way you can lose is leverage and you may get liquidated but if you are new you shouldn't do that at all.
Basically if you go in with 100 dollars, you can't really make too much profit but you shouldn't be losing too much neither, it should be moving very small like 10-20 bucks up or down.
Topic: What is good amount to start day trading is 100$ enough?? - page 12. (Read 2797 times)
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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.
I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
You seem confused, you ask if $100 was good enough to start trading in the topic title while your OP seems to be pointing to a different thing all together. Concerning the question asked via the topic title, although such questions has been asked multiple times, I get why the question keep resurfacing. It isn't about what you have as capital when it comes to trading although capital plays a roles in recording higher profits.
Been profitable as a trader goes beyond how much you have to start trading but has everything to do with the skills you have been able to perfect from your experience trading and other attributes that'll be needed in difficult situation to put your emotions under control.
If you are having loss, that means you definitely have problems somewhere, and secondly trading is not about winning all through and when losing you count your loss and not letting it over come the winning. I will advice you still go back and have some studies over trading.
Thanks for suggestion,i will learn more about trading
How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
Depends on your capability to learn and absorb mate.I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
we have so many trying hard to be a trader here and in the end losses everything because they are caring away of their greediness.
to become a trader you must learn to separate your emotions to your desire,the more you Push to profit the more endangering your trading career.
try to keep the patience and to control your self .
Please do not open another trading account until you gain enough knowledge by trading with paper-and-pencil or in demo accounts.
That's probably the best advice anyone could give OP, though I'm wondering if he's mistaking trading with gambling. I'm not sure how you could lose your entire starting amount (if that's what he's saying) if you're simply trading altcoin, or even just bitcoin. You might lose money, but unless you're trading on margin you shouldn't lose everything.As to whether $100 is a good amount, that depends on how much that means to you and whether you can afford to lose it. If $100 can buy you food for a few months and you've got a track record of crappy trades, I wouldn't advise it. But if you're living in a country like the US where that amount doesn't buy you much anymore--and you wouldn't flinch if you lost it all--then I'd say go for it. You probably won't make a lot of profit, but you'll get some experience and it'll probably be fun.
Committing mistakes cant be avoided but we know that things can be handled out as we do gain experience.We just dont think up that there's a shortcut way on doing this.
Please do not open another trading account until you gain enough knowledge by trading with paper-and-pencil or in demo accounts.
That's probably the best advice anyone could give OP, though I'm wondering if he's mistaking trading with gambling. I'm not sure how you could lose your entire starting amount (if that's what he's saying) if you're simply trading altcoin, or even just bitcoin. You might lose money, but unless you're trading on margin you shouldn't lose everything.As to whether $100 is a good amount, that depends on how much that means to you and whether you can afford to lose it. If $100 can buy you food for a few months and you've got a track record of crappy trades, I wouldn't advise it. But if you're living in a country like the US where that amount doesn't buy you much anymore--and you wouldn't flinch if you lost it all--then I'd say go for it. You probably won't make a lot of profit, but you'll get some experience and it'll probably be fun.
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.
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.
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.
I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
Well, that purely depends on how well do you take notes and be cautious of the areas of trading where you usually fail to execute your trades and analyze the charts.
Day trading bears more risks than short trading and long term trading, so it would expected that you might lose a lot of money before you can actually have satisfying profit. $100 is too little. If you're not aware, even those experienced traders in cryptocurrency are susceptible to lossing big trades, though there might be another options like stop loss to prevent you from lossing too much.
Nevertheless, day trading really requires high risk tolerance.
How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
For day trading, $100 must be too small capital and because of inappropriate capital there is no wonder why you have lost all of your trading accounts so far. You must focus on two things: first one should be increasing your capital up to ten fold and the second one should be back-tracking where you went wrong in your each of previous attempts.I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
Even you will be trying with bigger capital, there will be no guarantee that you will keep on consistently making profits out of day trading because day trading is highly dangerous one and losing all the capital in day trading is a common scenario, most of the traders are facing. It would be much better if you change your style of trading into long-term-based one so that there will be plenty of chances to recover all of your previous losses.
I started way below your amount, OP.
I can't remember how much but since I was still starting up yet that day like I was still learning from tutorials, I didn't bother to invest just a tiny amount from it and hey I chose Binance.
To tell you from my experience, there ain't a "minimum" amount to start day trading. Don't know if there's still such an amount if you're getting hang of it, because I already stopped because that strategy doesn't apply to me.
I can't remember how much but since I was still starting up yet that day like I was still learning from tutorials, I didn't bother to invest just a tiny amount from it and hey I chose Binance.
To tell you from my experience, there ain't a "minimum" amount to start day trading. Don't know if there's still such an amount if you're getting hang of it, because I already stopped because that strategy doesn't apply to me.
[1]How many times one can loose all his trading accounts [2]before really start trading and earn.
[1] Can't really predict this.All depend on the knowledge and resource of each individual.
[2] You cant determine someone can start earning/trading based on "how much he loosing" went doing a trade. All factor like, Management Money, Trading Analysis, Fundamental Analysis, Psycology and etc, what makes them can really ready to earn by doing trade.
Before entering in to trading i thought it was easy now i am getting to know need strong mindset
You must adjust your mindset before starting trading Always have to think positively that everything negative will hurt. Always keep your head cool and be ready to earn money by trading.
If you still new in trading, using $100 is enough for day trading, but you need to learn more about trading and how to analyze the coin because it is not easy to do day trading now. The market still unpredictable, and if you use $100, the suggestion will be to analyze the low price coins with having the potential to increase. It's okay if the coin cannot rise so high, as long that coin can have a good move in the market, it is enough for you to buy and sell that coin. Use your losses in the past as your lesson, and you need to search for something that can help you to make a profit this time but don't greedy to expect for making a big profit in one trade if you think that is difficult.
Go throw the 100$ into a blackjack session and I promise you that you have better odds at ending up profitable than day trading with 100 bucks. It's already a risky game to dabble in and you're just asking to get railed if you come in with no experience and start placing bets down as if you truly know where the market's going.
I this haveing a 100$ dollars for trading is too much because some of the platform today for trading just giving over 10$ only for make a trade and also be aware it is trading, it is earning of money and the same time it is risky. Also, it is quite good to have a gold market strategy for trading some of the makes more knowledgeable first because trying to entering into the world of trading and also it is a huge loss for you immediately for that hundred dollars, it is better if you strengthen your mind and techniques first to avoid getting too much loses to be aware about your mistakes too.
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.
after losing those small losses mate you should realized that you are not ready yet and better start trying to use free trials of trading in some exchange and i think Binance offers such .I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
remember that trading is not form everyone since more than the profiting in this strategy are losers so better not to pursue if you think that there are no chances that you can adopt with daytrading and try Holding instead.
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.
after losing those small losses mate you should realized that you are not ready yet and better start trying to use free trials of trading in some exchange and i think Binance offers such .I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
remember that trading is not form everyone since more than the profiting in this strategy are losers so better not to pursue if you think that there are no chances that you can adopt with daytrading and try Holding instead.
You lost your 4 portfolios, anyway for sure that you learned a lot from it after all. If you did not learn from then maybe if you will do paper trading first or virtual trading in order for you to practice more. You are vulnerable to losses and you should be aware of it and day trading is really a risky strategy. There are certain criteria that you need to fulfill first if you want to do day trading.
You need to know also your strength and weaknesses in trading because your winning rate is too low and you must be aware on what is wrong for you to focus on what you should improve and in order to make money in trading.
You need to know also your strength and weaknesses in trading because your winning rate is too low and you must be aware on what is wrong for you to focus on what you should improve and in order to make money in trading.
Thanks for replying,I will now try with practice account from now onwards
You lost your 4 portfolios, anyway for sure that you learned a lot from it after all. If you did not learn from then maybe if you will do paper trading first or virtual trading in order for you to practice more. You are vulnerable to losses and you should be aware of it and day trading is really a risky strategy. There are certain criteria that you need to fulfill first if you want to do day trading.
You need to know also your strength and weaknesses in trading because your winning rate is too low and you must be aware on what is wrong for you to focus on what you should improve and in order to make money in trading.
You need to know also your strength and weaknesses in trading because your winning rate is too low and you must be aware on what is wrong for you to focus on what you should improve and in order to make money in trading.
Trust me @OP, this shows that you come nowhere to be tagged as a "trader" if you've lost around $1k and are still learning how much you need to put in ^before^ you can actually start making profits. Your experience seems to me as a novice one and you're just losing and intended towards losing more. You know? Day trading in crypto is only possible when there is enough volatility in the markets with higher volumes. So, stop thinking of doing it at days when you can't even expect these two things. Another thing is that, you can also start with $10-$20 or even $50 max if you wanted to test it out whether you can do it or not, but you didn't and you just jumped in with some ^small for you, yet big for others^ kinda capital and lost everything. You need to learn money management because that's the highly possible reason you've lost this much as of yet.
First thing you should ask yourself is what is your goal? Do you want to make a profit of $100 per week or 10% profit of your portfolio per week? Your goal determine how much you need to start off with. For example for a profit of $100 the larger the amount you start off with, the easier it is to make that in a week.
However since you are a bigger, start off with smaller amounts until you master the art of trading and risk management.
However since you are a bigger, start off with smaller amounts until you master the art of trading and risk management.
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