Topic: What is good amount to start day trading is 100$ enough?? - page 3. (Read 2797 times)
It's part of the process and learning that you will lose at some point I think you should made a strategy that will suit for yourself not every trader have the same reference we have different amounts, investments and strategies. I think a $100 is the minimum you should to day trade that's my opinion and can I ask are you just focusing on 1 coin? I think it's better if you divide them and buy different coins not just on one coin.
I took part in the SwapZilla project and managed to earn more than 1 bitcoin, which I can only use for trading, since withdrawal will not be possible for this amount of BTC. I believe that for daily trading this amount of starting capital will be more than I could afford at the moment, but the results from day trading with such capital should be excellent.
How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$)
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 have lost little friend but don't give up because of that. You keep learning and with experience you will get a better knowledge that will help your strategy. Is patients that will lead you to your success. Happy trading experience to you.
Losing is inevitable but we can lessen the losses that we may incur if we are prepared enough. How do we say that we are fully prepared? By knowing all of the information especially when it comes to technical analysis part. Allocation and starting money is important to determine first, I recommend to start small because in that way; a trader should focus first on gaining experience and knowledge than gaining money. If you will start $100, make sure that do not all in it in just 1 token. What I mean is you should diversify it, the ideal is 25% every coin that you wanted to trade.
100 dollars is simply an amount of money that is too small to think about diversification, in my opinion people should not start their trading or investing journey until they are completely ready, and that means having a decent amount of capital and enough knowledge to be profitable in the markets, after all the markets are going nowhere, the market of cryptocurrencies is going to exist for a very long time, and the same is true for the market of precious metals and the stock market.I say this because becoming successful with just 100 dollars is way more difficult than it is with 1000, and people will wonder why? And that is because regardless of the amount of capital that you are using the fees are still going to be the same and a fee of one dollar is just 0.1% if you have a capital of 1000 but if you have a capital of 100 dollars then that fee is 1% of your capital which is huge.
How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
It depends on the speed of learning as well as the level of intelligence of each person. There are people who don't have to burn their accounts but they still make money steadily in margin trading. In addition, there are also those who have to go through many failures and a long time about 5-8 years before they can realize the truth for them to trade better. So we cannot bring out the number of burnt accounts to compare, the most important thing is you. If you continue to try and study harder, you will one day conquer it. I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
I have experience on daily trade. It is not easy to do it. We must have good money management and understand to analyze the chart.
I recommend to firstly learn about trading by practice with virtual account before trade with real money.
I recommend to firstly learn about trading by practice with virtual account before trade with real money.
losing an account or trading capital can happen at any time depending on how we are performing. Many out there lose up to $ 1000 and it can come back as long as they are consistent in trading and are sure that the assets will come back
Despite your performance, losing is inevitable.
No one can perfectly predict what will happen or what will be the movement of the prices and that is why in this market, losing is normal, this still takes a risk. That is why we have ways to minimize those risks in order to increase the possibility or our chance to get a good profit in time. Even with a small start, as long as you know what you are doing, is is doable.
Yeah, that is why I am talking about ways to minimize the risks.
Diversifying is good and all but also beware that these market also have those projects that are just straight up scams that is why you should be really careful. But if we will be talking about those coins with high possibilities of going up, even though we never really know what will happen, you should take it. Diversifying is a good way of minimizing risk. There are a lot of IEOs right now and it is getting popular nowadays, you should check those out.
Losing $100 daytrading seems like a decent financial lesson. So long as you learn the lesson.
It is not about the money you have in your trading account, but about the knowledge you have about trading that makes you excel in trade. Take time out to learn more skill. The reason why most of us lose in trading is our human errors. Once learn to avoid those error you will fly.
For me ,i think staring amount doesn't matter main think to remember is risk management,
Example: i have 1000$ in portfolio but i don't know anything about risk management then i will sufur in many positions in trading..panic selling is one of then.
But if i have better know about risk management then i will not that much suffer like 1000$.
So i think starting amount doesn't matter..
Be always learned before trade
Be always manage risk before trade
Be always dicide entry and exit point before trade
Then your portfolio 100-1000$ taking no time💪
Example: i have 1000$ in portfolio but i don't know anything about risk management then i will sufur in many positions in trading..panic selling is one of then.
But if i have better know about risk management then i will not that much suffer like 1000$.
So i think starting amount doesn't matter..
Be always learned before trade
Be always manage risk before trade
Be always dicide entry and exit point before trade
Then your portfolio 100-1000$ taking no time💪
How you handle trades will usually depend on the individual trading is easy to make a profit no matter how little capital you have if you have good experience in trade. 100% good for starting day trading but the exact state of the market is very difficult. Due to the rise and fall of the market can not be accurately predicted. If the price goes down there is a lot of loss. It is easy to make a profit by following the trading signals of the market and which currency is going up.
if you are still a beginner, the thing that you need to learn is to read charts and always monitor the progress of the coin project you are trading, if the capital should be small to try to use analysis, so you can know how your skills are while trading, the risk is always there and that too must be understood in trade, so start with small capital and study what I mentioned above
This is the important thing as a beginner to learn first prior to start trading. Analyze first the market and understand how trading works. Well most agreed start for small funds to minimize the risks. Because once a beginner will start big without knowing anything and about the project of a certain coin that you will invest you will suffer loss. Above all study and analyze the market as this has a vital role in trading and also invest in what we can afford only since this is a risks thing to do. losing an account or trading capital can happen at any time depending on how we are performing. Many out there lose up to $ 1000 and it can come back as long as they are consistent in trading and are sure that the assets will come back
Despite your performance, losing is inevitable.
No one can perfectly predict what will happen or what will be the movement of the prices and that is why in this market, losing is normal, this still takes a risk. That is why we have ways to minimize those risks in order to increase the possibility or our chance to get a good profit in time. Even with a small start, as long as you know what you are doing, is is doable.
losing an account or trading capital can happen at any time depending on how we are performing. Many out there lose up to $ 1000 and it can come back as long as they are consistent in trading and are sure that the assets will come back
Despite your performance, losing is inevitable.
No one can perfectly predict what will happen or what will be the movement of the prices and that is why in this market, losing is normal, this still takes a risk. That is why we have ways to minimize those risks in order to increase the possibility or our chance to get a good profit in time. Even with a small start, as long as you know what you are doing, is is doable.
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.
actually it doesn't matter with the capital, depending on whether you already know the market conditions or not, and know the technical analysis and fundamental techniques pay attention to the movement of the coin the news comes out, not only buy then place a stoplose and profit target if only the price goes up, without knowing the condition of the coin at that time.
It is a decent amount for the beginner to trade with but for huge profits you may need huge capital, and also with small amount it is not possible to trade multiple trending coins.Well its good to make 1 to 5% everyday if you pick the right coins and in a month or two you can actually double if you are mastered in your analysis.
losing an account or trading capital can happen at any time depending on how we are performing. Many out there lose up to $ 1000 and it can come back as long as they are consistent in trading and are sure that the assets will come back
if you are still a beginner, the thing that you need to learn is to read charts and always monitor the progress of the coin project you are trading, if the capital should be small to try to use analysis, so you can know how your skills are while trading, the risk is always there and that too must be understood in trade, so start with small capital and study what I mentioned above
Starting capital is important to consider and many traders failed in this area, if you are fully beginner then do not put real money and start paper trading first in order to become aware about the movement of the market. After you gain experiences and knowledge, then it is the time for you to open in an exchange with small amount of money first. Remember that you are just a beginner so do not expect that you can easily increase your capital in just a matter of time so start with small amount of money. For me, $50-$100 is a good starting investment but it is should be depends on our risk appetite. Just put a money that you can afford to lose for those who want to start day trading.
Honestly, if you're not trading with at least $10,000, then you are probably wasting your time.
Remember, you don't need to actually have $10,000 in your account to open a $10k position—leverage exists for a reason, make good use of it.
Remember, you don't need to actually have $10,000 in your account to open a $10k position—leverage exists for a reason, make good use of it.
First, trading with less than $10K doesn't always mean time wasting. I mean, I've seen people who started with about $500 and worked their way to gain about $10K in gains. Even with $100, a lot could be achieved but it'll be slow-paced. Talking about leverages, it comes with a lot more risk especially for traders who doesn't have much experience as any slight turn of the market in the opposite direction could blow up your account.
what ever the size i have blowed up my account, need some learning for me . i dont want to risk 1k or 10k with out knowledge i will prefer less amount only.
Jump to: