What is good amount to start day trading is 100$ enough?? - page 13.

Kelvinid

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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.

It is really depending on how a trader learns in trading and how they learn from their mistakes. It can be a month, a year or it never happens and quit.
Losses are a common thing to happen in trading and even professional traders suffer such losses also. But having those straight losses will signify something that there wrong with your strategy or in choosing coin/s for trades. A lot of factors to consider the reason for this that you should have to look and focus on how to eliminate these mistakes, otherwise, you'll still be losing all the time.

Utoy101

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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.

To be honest, with the volatility of the cryptocurrency market and the risk associated with trading,one will continue losing until he stops being a newbie and finally learnt both the basic and the advanced concept of trading which includes even risk management. I've seen folks lose way more what you lost and at the same time, there are lots of other people that barely lose any amount reason being that they understand the market perfectly before they started trading

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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.

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Quote from: ScamViruS on April 13, 2020, 12:36:02 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.

Amount doesn't matter everything depend on you.

Actually mate it matters, the profit will depend on the capital, you cant't gain a thousand dollar with a dollar unless a miracle happens.

Quote from: ScamViruS on April 13, 2020, 12:36:02 PM

First you need to see if you have the ability to do day trading. If you do not have trading knowledge, you will lose small or big amounts in few trades. However, if you are an expert in trading, then you can increase your capital. You can increase your trading knowledge by trading with small amounts. Which will help you in the future.

Knowledge is the foundation of your skills, every one can day trade but not every one can win in day trading. $100 for me is enough, I don't know it is just maybe for me coz I can make that $100 into $300 after a good trade in a week or two, depends on the market situation. Make it a habit, the longer you are trading the more you add money to it. Invest on your trading life, no one knows what it could bring to you but the risk is worth, perhaps.

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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.

Amount doesn't matter everything depend on you. First you need to see if you have the ability to do day trading. If you do not have trading knowledge, you will lose small or big amounts in few trades. However, if you are an expert in trading, then you can increase your capital. You can increase your trading knowledge by trading with small amounts. Which will help you in the future.

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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.

So the way your transactions are problematic. you should learn to manage capital and learn to accept getting rich will be a long time. I know that many people have their accounts burnt for the same reason only because they don't accept small profits. They always place orders with large amount of money while their total account is very small. Just times of strong market fluctuations can dissolve your account in a moment.
So you should start with small amounts and practice managing small amounts. You can read the 2% and 6% rules of Dr. Alexander Elder, I'm applying it and it's really great.

bitgolden

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Shouldn't that depend on where you live, how much money you need, and what is your goal? I mean if you live in a third world country where 100 dollars is a lot of money, sure you can start with that, and if your goal is to make 10% per month that could be achievable, not really something you can do EVERY month but still doable for many months.

However if we are talking about 10-20 bucks is not a goal, then 100 dollars may not be enough at all, I mean the max you can do is 100% return which is very very unlikely but even with that you are getting 100 dollars and nothing more which is not really that much of a big number in many nations and that is something you can rarely ever do so it doesn't really make sense to start with that amount. You can also start trading to learn to be better trader, in which case all amounts are alright.

Bvvvp009

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Quote from: ryzaadit on April 12, 2020, 10:42:44 AM

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

^[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 Sad

Bvvvp009

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Quote from: Quidat on April 12, 2020, 12:21:37 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.

You can lose as much you can specially when you are just starting up.Losing is inevitable even how pro you are,you're still
prone to it but the difference between a noob and a skilled one is that even in spite of the losses those experienced ones
would able to suppress out the risk and making themselves profitable in the end of the day.

Dont rush up too much to be profitable because trading cant be learned overnight.You wont know on how much you would
lost overall before you do able to get yourself profitable.

At first i was very optimistic about loosing thought need to learn more about TA,but loosing some trades making me frustrated and made me loose all my accounts Cry

may be i need a practice account,for perfecting my knowledge.

Bvvvp009

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Quote from: Findingnemo on April 12, 2020, 12:30:16 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.

If you have the stop loss option for 5% then you can lose it 20 times, if it is 10% then it is going to be 10 times.

But the capital $100 is really good to start with not for profit-making it is enough for learning purpose,once you started to make money then you can move to huge capital which is affordable for you to lose.

so i really need to learn about managing abot risk.thanks for answer.

Bvvvp009

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Quote from: Pffrt on April 13, 2020, 09:00:18 AM

For a starter, I think it's a good balance to start trading and learning the market step by step. If you take some serious steps, you will not lose the total amount but there are a lot of project which may get obsolete at any point specially projects in yobit. Anyway, I would say it's a good start. If you can learn the basic, you can make it higher.

thanks for ther suggestions,its really frustrating when iloose an account,i am learning new patterns and applying them on market may be my risk management is worst.

Pffrt

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For a starter, I think it's a good balance to start trading and learning the market step by step. If you take some serious steps, you will not lose the total amount but there are a lot of project which may get obsolete at any point specially projects in yobit. Anyway, I would say it's a good start. If you can learn the basic, you can make it higher.

tvplus006

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

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

It is obvious that you have lost your Deposit using margin trading. And you need to start working on the spot market. This is necessary so that you can correctly assess the direction of the market movement. But even if you make a mistake, you just need to wait until the price returns to the level when it becomes profitable.

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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.

If you have the stop loss option for 5% then you can lose it 20 times, if it is 10% then it is going to be 10 times.

But the capital $100 is really good to start with not for profit-making it is enough for learning purpose,once you started to make money then you can move to huge capital which is affordable for you to lose.

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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.

You can lose as much you can specially when you are just starting up.Losing is inevitable even how pro you are,you're still
prone to it but the difference between a noob and a skilled one is that even in spite of the losses those experienced ones
would able to suppress out the risk and making themselves profitable in the end of the day.

Dont rush up too much to be profitable because trading cant be learned overnight.You wont know on how much you would
lost overall before you do able to get yourself profitable.

spike420211

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Your question does not match the name of the topic you created.
The important thing is not how much money you lost, because you can lose in one minute.
The important thing is how much time you spent studying and practicing. The more the higher the likelihood that you will trade profitably despite losses.
Any amount is sufficient if you use the calculation of the deposit as a percentage.

ReiMomo

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I don't know if $100 is enough for you to start in trading but for me, that is not enough. First, the transaction fee you need to pay for that and a small amount of $100 will hardly recover from those fees when you are in trading. $700-$1k is a must in trading, you can choose different pairs of a coin to trade. But managing risk will depend even on how small amount is that.

Ryker1

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

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

Well, if you have been lost 5 times successively perhaps you are not yet ready to gamble your money in trading. Even though how big or small if you have a lack of knowledge it will keep losing until your pocket becomes empty. There is nothing to hurry in trading, spend more time doing research. I am not a good crypto trader but I won't rely only on my technical analysis, --sometime your emotions will drag you down if you follow on it. Indeed, a good suggestion if you combined your references. Correct resources and updates are very helpful and the most important are skills and knowledge.

noorman0

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Crypto has a higher volatility than fiat, and I say it's enough to make you profit 1 to 10% or more (if fundamental factors dominate) and vice versa. What's important is how accurate you have market analysis.

But having a daily average profit target is very much needed, and I agree more with this statement.

Quote from: sujonali1819 on April 12, 2020, 08:25:35 AM

Basically, for a day trade, we should not expect more than 1-2% per day.

ryzaadit

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

^[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.

Topic: What is good amount to start day trading is 100$ enough?? - page 13. (Read 2831 times)