Bitcoin Forum

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. :)

Day trading on bear markets is not advisable. Try to notice the price and one thing that you will notice is the price is not going anywhere. Most of the time, price is just moving side ways. The profits that you get is not enough to pay for the fees. If you really plan to continue day trading, set a low target like 2% to 3% profits, upon hitting your goal, Sell right away.

1. Emotions are natural thing. It should be "don't let emotions wrecked your strategy".

2. While risking some amount, make sure people are learning from it everytime they loss.

3. There is a reason for it to happen that's why it was made with analysis. It's just that it can be spoiled anytime and a certain other trend can destroyed it. People can put TA's as one of their reference on future stategy but not to the point it will be the main factor.

4. Are there really people just putting themselves on actual day trades without any basic knowledge?

The above mentioned Four Points are very important for a newbie to get more attached to the trading field and I also trying to keep these points in my mind whenever I use trading it is very helpful to easily make money trading without any difficulties so keep following some of the good steps and good advice while trading it will definitely help you in the future.

The far majority.

I would say that with how signal groups have gained more popularity in the last 12-24 months, and that some groups count well over 25,000 members, way more people than ever before gamble rather than actually trade based on their own understanding of technical analysis. It's quite sad really, because it shows how desperate people are to make profit, because those who end up paying for signals have definitely tried trading themselves and failed hard.

Lol? Applying technical analysis before opening/closing positions is the only proper way to trade. If you don't trade based on technical analysis, you are pretty much gambling.

I heard that trading based on gut feelings isn't the best way to increase your coin stack. ::)

Exactly mate people bring their emotions and feeling while in trading are get wrong decision most of them listening to the fud news the reason disturbe their mind for the right decision while in trading.
Day is the most easiest way to earn orofits but yes that's is true need to learn well avoid huge of loses if didn't know how to read in chart which possible coin up or down.

the first point was very useful because when you are losing your money while trading don't take it too personal it will affect the next trading and it makes you uncomfortable while choosing the best way of trading and also that the points are very important to follow.

Mostly I agree with you but we should know that setting our stop loss and take profit area depend money management also important. We need all ( mindset, money, method ) we have to keep learn and fix our mistakes. Never lost faith with our skill and good luck to you.

There are some people who put all their money at a trade based on their prediction so what if the price movement varies from the technical analysis,so I just meant use it but don't depend only on it.

I really agree with you because trading will not work when we are emotional, because it will be a disaster for ourselves. because the trade must be relaxed if you want to get maximum results

I strongly agree with this point, nowadays there are so many people who view crypto as a quick way to get rich and they immediately trade or invest blindly by using all the money they have without prior experience and analysis and what they get when the market downhill is just loss and regret. So if we use the money we can afford or what we can afford to lose we will be able to trade more calmly and without panic.

If bear market is making you suffer then day-trading will worsen you further as it is not an easier thing to handle as per many trader's experiences. Day-trading is not a good choice even for bull market but you are talking about it for bear market. Please do not focus on day-trading as market fluctuations will lead you to commit unexpected mistakes even you are prepared thoroughly to avoid them because as per combinations and permutation, the chances for mistakes in day-trading is almost infinite.

Go for fundamental analysis to identify good projects and then go for technical analysis to buy at right times. Bear markets are right time to buy at dips by making use of technical analysis.

No pain no gain,so if someone want to make profits they need to use the sideways market well for that day trading is the biggest tool.

The chances of losing money in day trading is more but when people make right choices they can make 6% in just a day.

This topic has been talked for many chances,the advices you gave are the same as what the early posters did and have much more than this traders now are more matured since 2018 brings disaster to their on going trading process ,though some of them are being drowned from the losses

Thats the best way to ensure we will control the possibilities of losing,allotting enough amount in every trading occasions is what i did wayback

It's a tool to help traders to decide but depending on it, a big questions here inside cryptosphere, there's a lots of factors and most of the time technical analysis doesn't work out to well, as whales can easily intervined with what the trends showing from technical side and turned things the other way around, understanding the risk factors and only use money that you can afford to sacrifice for your day trade business.

All of your reason is correct and most of the mistakes that always happen is they can't control their emotions so their are times that they will really lose their money. As of now I practicing day trading so that I can earn income little by little.

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.

most traders, including me sometimes do use emotions in trading, sometimes I am too speculated that I will be lucky. which in the end all my predictions made me lose.

Some newbies are also making decent amount of profits from day trading for that they need to execute everything with the plan or else they will be such a loser while day trading.

Such helpful tips for a trader. Those will definitely help in many ways if anyone abide carefully.

Some adding with my mate,

1.Trade like a trader not like a gambler.
2.Keep a profit target zone, don't think too big.
3.Don't trust on anyone prediction, make your own.

Yes, I agree. Especially at the first point that trading with no emotions, especially daily trading, because this can affect decisions in trade. If I can add, to start daily trading to see fluctuations. Because in the bear market not every day prices are in a good condition so it would be better to do daily trading when prices tend to rise, this would be able to make a profit even if not in large amount.

Good advice also those people want to learn some lesson to avoid lossing in day trading. But day trading is also important to know so that people can always takecare of their money funded.

FOMO and FUD are reflections of emotions and how traders react to different situations and publications. FOMO and FUD also barely affects day traders, they are interested in short, quick changes in the value, and healthy market volatility.

This has been a long time trading rules and most time we hardly obey those rules.  Investing and trading is a very risky venture and since it is risk it is important that we should follow it base on the principle that the experience traders has tried to explain to us.  To me I will said " the market has it own mind,  therefore don't follow your own mind in trading"

Simply you need to use the emotions of others while trading crypto currencies which is by FOMO and FUDs not you personal emotions.Every movement is the day trading cast us either for us or from us,choose it wisely.

The fourth point is very essential,many traders go into trading daily without proper knowledge of its nuances and what it actually is all about,and thus they lose quite a large amount of money
Traders who day trade without acquiring the prerequisite knowledge are only putting themselves at a huge risks
Day trading is different from just "buy and hodl",it requires more concentration and more study,so it's best to learn before investing

Many investors invested base on emotions and traders are also doing the same.  Trading without adequate knowledge on how to trade is a risk not worth taking.  I think we are not going to have emotions out of trade but the emotion should be a healthy one.

The reason why we should do day trading when the bear market is still occurring is because the movement of most of cryptocurrencies are unpredictable due to its abnormal movement. We will only lose if we will continue to day trade so it is why it is not advisable.

How to minimize loss and no mistake at all. Dont trade. With knowledge or none. There is always that possibility that you will lose.
If you cannot swallow that truth then, it will be a hard battle for every loss that you will take.

It is not always Christmas that you will see profit in every move you make. Even technical analysis or whatever professional advice you had receive can turn into a wrong idea.

HODL is your choice then. Mistakes will always be there.

The no. 1 We should avoid in trading is our Emotions, what do I mean by this things? this has been mentioned many times in bitcointalk forum.
But once more, we should know how to control our emotions in a proper way while we trade in the platform exchange. This is the problem why many of the other traders failed and loss their coins, they got easily controlled their panic which is not supposed to be happen, instead of panic let us still remain calm and relax even the market is down, remember as long as your not selling your coins even the price is dump more than 50% its fine. I can consider it still that your not losing your coins. Hold is the only key for you to recover your loss if you think you are lose.

Biggest mistake from the newbies are they taking day trading as their investment capital when they are relatively new to the trading so the chances of losing their money is more than when compared to experienced trader doing it.

This should be avoided in the first place and this mistakes should be avoided not just on day trading but also on your whole investing/trading journey. Knowledge is important in trading, usually newbies are the one who always do mistakes on trading maybe because they are more greedy.

  
Those words you have mentioned above is very useful mate and  definitely a big help for those beginners who are searching for a guide to prevent such issues.  I hope everyone can read this before jumping into risk situation.  Cheers

We need to avoid day trading itself. Yes for crypto markets and its volatility, day trading is not at all suitable for any trader.
Unlike most other markets, crypto market is having a specialized way of easy money making method which must be long-term holding. When we are having easiest and assured way of money making with the cryptos then why should risk in day trading.

There will be no compulsion to close the open position within a day in crypto market then why should we consider about day trading whereas position based trading or long-term holding based  trading is fetching almost 99% times getting us profits.

The only requirement for position based trading is, we must trade only highly reputed crypto coins. For day trading, you may choose any coin and at the same there will be guarantee for making profits.

Wow that mistake is usually happen during the day trading is needed to avoid. But mistakes is normal  and even you are careful of what yoy are doing you can still do a mistakes but the good for that is you learn from that and never do that again.

TA is require to analyze the chart on day trade , without it, we are going trade based on feeling.
What make it different from gambling ?

In crypto case, day trading become more risky but it yield more profit than ordinary stock trading

Emotional investment is usually also very quick investment as well. I have seen people overreact to news and buy or sell accordingly right away like under 5 minutes of reading the news and that is not enough time to research those type of trading. People should be researching the trade they are going to do for a long time before they make any trades and when they do emotional trading they do no research at all

If you are going to do daily trading then read what you are going to buy and check out the indicators and take a look at the historical data and so forth before you make any trades at all. That way you will not be holding any bags of a coin you have no idea about and you will only have coins that either made you a profit or you will have coins that you know of but fell in price that you can decide later on what to do with.

Thats why newbies should not try trading immediately. But few newbies can control the greed of attempting to make money off the market since they saw the bitcoin pump back in 2017 December and they think that a new shitcoin is going to become the next coin to pump like that eventually putting their money in it. What they didnt do is the price analysis - one of the most basics that every new investor should do before investing.

People get control over their emotions over time and they become resistant to it as well. Those who cannot get a grip on them should not try trading in my opinion.

We fairly consider both our emotions/feelings and the suggestion from the others. Though we analyze the market but we need to think any possibilities of its changes in any minute from now which our feelings seems helping on it. It mostly we commit mistakes due to wrong decisions cause we don't listen from the others. All in trading will really matters how we think fast, being brave and to follow our instinct.

That's why it is so important to have adequate knowledge when trading because if not we were merely just trading based on our own feelings. There is no assurance that you will gain a profit because everything else was just based on feelings and this might be the reason why most traders lost except to those weak-handed people. They were just nothing selling their coins because of FOMO.

In fact, successful trading is not that difficult

But conceptually it has little to do with trading itself as it is more about your approach to life as a whole. A long story short, you should back off immediately as soon as you feel something is wrong, as soon as you see that things are not developing according to your plan. And while in life going down that hole instead of jumping out of it doesn't necessarily bring a lot of negative consequences and sometimes can even be a winning strategy (though your mileage may vary), this is not the case with trading as each step in the wrong direction bleeds you dry

That's also the reason why "I know better" types are losing monumentally in trading even if they may in fact be objectively smarter than the rest of the pack. Simply put, they are not willing to accept being wrong, and it is not even so much about consciously accepting being wrong as about acting accordingly in an instinctive manner without any unnecessary reflection on that part (i.e. without ever forcing yourself to act in that way)

surely will be followed by most of the good experience traders because if you don't have this type of qualities in you then you will definitely be not stay in this field for a long period of time and not only these qualities will important but also there are some of the other points are to be followed by us.

Not all of traders are fit in day trading so if you think that you do not have enough skill for it, then you should now stay away from it for you to not experience loss. The volatility of the cryptocurrencies are so risky to face so it is better if we will do long term investment than day trading.

Doing day trading is basically an easy thing, we only need to monitor the market situation at any time. Little price movements will not be a problem, because we can benefit from the intensity when doing day trading. but sometimes situations are difficult to predict and create unexpected situations. we must really be able to take the momentum as well as possible and we must be able to make decisions as quickly as possible.

The other article options make sense, but the third option seems "raw". Would not the price prediction be difficult? It Is one of the things that works as a prediction tool. Less use of this method may be after having sufficient experience. Otherwise you will go as far as your luck goes.

Yeah all those are useful and helpful for new traders also for old traders of the market. I really learnt allot from about discussion because its informative and having information is really a power for a trader. Emotions really make us suffer because there is no place for emotional person as he will lose after falling price of crypto in market.

I wish that is how simple is that just like watching a movie but the truth is it is not because trading is not so simple just like buying some foods in your supermarket. You do have to wait for a couple of minutes or even hours before you see what you are looking for. TA is a big help in this because it's just like your cheating book but not exactly.

Day trading is for more experience traders, and you need to trade based on the news and trend, not based on the fud and fomo news, trading need to be logic not based on feeling, and indicators could be very useful as a tool to help you decide, and always set the limit for your lost and your profit in trading

My addition here is only trade coins that have been released recently and has a very good fundamentals Something like a week release can get you some profit if you analyses the coin very well

It is not easy as you think because the market is too volatile and the price of the cryptocurrencies are unpredictable. It is also hard to monitor the prices of the coins because you need to allocate many hours in analyzing and understanding the chart.

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

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

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.

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.

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

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.

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.

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.   

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

One of the common mistake found on the not successful cryptocurrency day traders are not enough patience,they will just keep buying and selling without having proper profits margin which could results up in eating their capital in long term.

The last of your points is by far the most important, there are too many people trading cryptocurrencies without a clear idea of what they are doing then they get humbled by the market when they lose their money but at that point it is too late they have already lost so much money that no amount of knowledge and experience will help them to recover quickly from those losses, so the best thing to do is to learn technical analysis first and then once you are good at it you can trade.

That's because they don't have plan and not enough knowledge regarding trading. It is difficult for them to grow if they even calculate their trading and to see if we are gaining or not. 
Patience is come into emotions which they aren't controlling it and they just let it to happen with them.

But "prevention is better than cure" so the traders need to learn all the necessary things which is needed for complete trading then only start risking your money because I feel it is so hard to recover from the losses once we made it.

You are getting a false opinion. A person who is day trading is supposed to be looking more at the TA and who the whales are dumping or pumping more than the average hodlers out there. Day trading is much more risky than hodling and these people simply follow every pump that happens and cash it out to make money. Of course they may seem impatient but thats how they are functioning to make money.

But again if you talk about capital management most day traders will not spend more than 10% of their capital behind one position. They know how to manage their money because without it they would not become day traders in the first place.

All you said is correct and also dont believe quickly on what you hear and read on thr news regarding cryptocurrency. Newbies are the ones who easily get influenced by. A little negativity can turn them down so it greatly affects them. Ask first to your senior or in this community to check the legitimacy

If you are afraid to invest in trading it's a big warned for you to stop in trading because it is a sense that your money gonna lost and not more experience.

I think it's not a fatal mistake because in day trading the possibility of profit will depend on your knowledge,skills and experience. so the risk can be smaller if you have more skills.
you're right if you don't take risks then you won't be able to get big profits

Fomo which often happens is when we cutloss without patience, we need to pay attention to the support line even in 1 week to make orders that can hang can raise prices or not, no need to rush and we only need to reduce/change the lowest profit percentage while looking further analysis of current price realities. The mistake trading that happens is not necessarily the next trade reference, there must be a different pattern to change things that can be significant

buy low and sell high, if the price fell more than 5% then the person buys and expects the price to increase and sell, and repeat the same process. The biggest headache the person will have is the choice of the coin. I find it very difficult to trade for pairs of BTC - Altcoins. I get hours on the computer and I do not see many movements when they are BTC - Altcoins pairs. so I prefer the pair BTC - USDT

Some of your point are something that are inevitable when it come to trading. For example, one can only trade without emotion only when you are using your demo account to practice and not when you are using your real capital for emotion cannot be separated from trading when one using real money.

I agree more if the emotions are trained so they can be controlled. altcoin trading experience will form the ideal trading style.
and everyone has a different perspective in making a profit.

Our mind bonded with our emotion and it sometimes we can't think wisely as we are following of what we feel. As human, it is just normal but as we engage into trading, we should learn how to control it and have a positive outlook for the future. Looking a basis of our decision might give us a positive result and not just of what we feel.

It is easy to say but also hard to do. All you have to do is trade all you can until you will already know what are you doing with it and of course you only need to put a small amount of funds if you are just a beginner.

None of us excluding "satoshi" knows the future of cryptocurrencies. Risk always remains constant and the chances to bear profit is directly proportional to the risk we take. The more risks we take the more profits we have and the same vice-versa.
But yet some small mistakes like try to be patient, do not be greedy, etc can be kept into consideration to make evenly high profits.

Trusting the indicators much will also make us to be in loss,just decide based on the market condition and make the more profits.Each trader look for most profits but the smart one will look for some profits at most instances so that he have more chances of making profits with less risk.

To this, I think the solution is to invest or trade as you can bear the loss. That is, stake as you can risk. Being greedy in trade is one big problem that leads to loses. So, if one can avoid being greedy, you are on the road to better strategy.

Emotional trading in crypto and even stock market or forex is inevitable because your money is involved, so I don't see that point as valid or very important. Please you will need to correct your subject matter so that the question or what you are trying to let people know will be more clear.

Sometimes this strategy works only for a few pairs, such as BTC-USDT and several other coins that have large marketcaps, so that the movement is fast you can apply this method, but you should to have another strategy, just in case maybe that strategy does not work

When dealing with your hard earned money, its common with most traders to have this trying to protect their investment and wanted to earned profits,
emotionless trading can be learned somehow but hard to really stabilize, we are working with our money and if we wanted to avoid mistakes we need
to have lots of things to consider.

The list might bring attentions but traders have its own ways to make it much better.

Emotionless trading must be possible only after months of practice but definitely not through just learning from books. We must focus on where we are lagging and what are the things which are pulling us down from achieving big in trading. This is possible only in real time. Hence, we must learn in real time. For this reason, small amount of capital is recommended in the beginning days of trading so that we may learn for "lesser fees" comparatively.

Inevitable means in what sense ? Just because of our money involved, we cannot allow our emotions to overtake our trading plans. We always must stick within our original trading plans so that we can hit what we originally looking for. Emotional trading must be a very big mistake and it needs to be avoided at any cost.

You can learn trading strategies and money managing techniques from books but definitely you cannot learn any technique to handle your emotions effectively while trading. It will be possible only through years of experience against real time market conditions. Yes, only from real-time experience we can control our emotions so that our emotions will not be playing a ruining role in our trading.

Failing to control their emotions must be a very biggest mistake, most traders are committing in day trading. Unfortunately even experienced traders are also failing to control their emotions when they are facing negative market conditions than their expectation.

By analyzing all these, it would be much better to avoid day trading itself because it is having on extra unwanted factor which must be your emotions so that it would be better not to going for a day trading and focusing on only long term trading definitely will get us better benefits than having day trading.

and dont to be greedy sometimes being greedy is the way to loose your fund because waiting of more income in daytrade. so much better to sell if the price is enough to profit..

Greediness is a bad attitude in day trading and in day trading you don't normally make big income unless you have a big capital
but in terms of percentage, you can already be happy with earning like 10% lower, it's a profit whether it's a small amount of money only but if you
are getting unrealistic and you want to make a profit like 100%, then I'm sure you'll miss out the opportunity to sell.

I choose low-capitalization altcoins. Here is much more likely to see dump or pump,and not just by 1-2%,but 10-20%. Such coins must be traded on major exchanges, such as Bittrex. On small and untested exchanges there is a risk of running into scams.

How is the context of greed coming to day trading, because a person who is having the skills to day trade is not greedy at all. Thats contradictory in the first place. Day traders observe daily trends changing in technical and make money in other ways than one. They do trade but they give paid analysis as well to their "cult" groups. Then they also run courses on udemy or free courses on youtube. Basically everything that is needed to milk out money from their "cult" and dump their shitcoins on those zombie supporters.

Its a good way for them to run a profitable business. Whales are different though. They are not comparable to these shills.

The first thing i have to point out is that day trading should be avoided and it is a mistake from your part to think that you can make profit on a daily basis riding the market, what if the market goes down all of a sudden, so ride the bear out and invest when the market is low, stick to the basics, buying low and selling high, if you plan on trading daily, it is quite possible but to understand which coin will rise on a particular day is impossible unless you have some great AI or a bot that could analyses the volume trade and notify you . I am not saying it is impossible, but it is not that easy unless you can sense the volume on a given day and try your luck. :)

Greed is the biggest problem that traders will face in the market because once the price can increase higher, sometimes we don't take the profit and let it go for higher. But suddenly, in the next minutes, the price drops drastically without we have a chance to sell at the highest price and it happens over and over. I remember in a few years ago when I was new in trading, and I miss so many chances to sell at the highest price because of greediness. And now, I don't want to get the same mistake, and I will prevent to be greedy.

therefore most people fail to trade because they have great greed and emotions too, because these two traits should never be used to trade if you want to get a bishopric

To successfully day trade you need to have a decent amount of time available, early on I made many mistakes as I was rushing so decided this method was not for me.  If you have the time and skillset I wish you luck.

But why don't day trade most of the people using day trading as their money making but the other three points are very useful for the new people to get their knowledge from these points.

mistakes that occur do have to be used as experiences so as not to repeat themselves in the future so we don't make the same mistakes. in daily trading mistakes are indeed very important things to avoid I strongly agree with some points mentioned by the OP so that we avoid mistakes that often occur in daily trading.

I mostly agree with this part

In day trading your actions are semi-automatic as you are following some prescribed plan, or you can even use a trading bot which would do the same thing for you and instead of you. In simple terms, you buy and you sell based on where you stand in the market at the moment and this has little room for greed

With that said, though, greed also plays some role in day trading, though not in the way most people come to think. Greed reveals itself in the spreads you use. If you are greedy, you would be using narrower spread, probably losing some profits by closing your positions prematurely, i.e. without squeezing maximum profit

Even if you have plenty of time yet this proves that Day trading is not for all of us,either we admit it or not but most of the loser in venturing this are not supposed to be on this,instead they should practice keeping patient and awaiting by buyinh coins to keep in wallets for atleast a year or so

Thats why for me only limited person in here are profiting literally without any real life job,because this must be consider as extra income provider(not unless you are a rich person or have lots of capital to spare with)well this was just my point of views

Well, first of all, if you are newbie then day-trading is not for you. Many investors just jump into day-trading without knowing about it, in the end they suffer losses, so it would be better before doing day-trading spend a few months to know well about the market.

Dude everyone starts as a newbie. Even experienced daytraders won't be where they are right now if they just gave up when they started getting losses. I think as a newbie, you can't avoid making mistakes and getting losses. It's part of the experience and it's how you learn from these mistakes that'll spell the difference in the future.

I think there are enough things that our friends have mentioned in terms of what we need to avoid. now we only need to pay attention to these points, because sometimes the control is over, and also the greedy nature makes us forget about those points.

There are multiple factors to blame in such cases. Some wannabe get-rich-quick people come under the false pretext of making big money by following some pump and dump groups. These groups are money grabs for paid memberships and they only pump their own shitcoins so they can sell leaving the owners with bitcoins and the brainwashed followers with some shitcoin to hold on forever.

Day trading is not copy-trading. Most copy traders are selling memberships to make money. They rarely do any actual trades to make money other than the occasional pump and dumps. Better to do your own analysis before buying any coin.

Not just greed, a trader must need to control all his emotions so that they may go as per their way of trading plans. When traders are losing control over their trading due to the reason of emotion failures then they may need to face losses at the end of the day.

I too believe emotion failure must be a very big problem for most traders and this need to be avoided at first hand to move toward the success in trading.

These are good mistakes been pointed out to be avoided by a day trade trader  and also for the newbies who wants to take part or adopt in day trading. Additional mistake one also do is by looking back at when sold off and the price went up. Don't have that emotions because it won't help.

Exactly.These points will lose its value if a trader tends to be more greedy and is mostly controlled by his own emotions.He  will never make it to a successful trading.Day trading might bring high risks particularly for newbies so better day trade only when you are already gaining lot of experiences and is already capable to take those risks.

Sometimes price is dancing with emotions while it creates fake breakouts and pullbacks. Mistakes are costly and without cost business can't operate and trading is online version of asset exchanging business. Emotions will lead to make mistakes but not all mistakes make trouble,sometimes newbie luck can cause winning series in trading.

Agree with you mate we should try to avoid making mistakes than crying over spit milk, better avoid all your mistakes, there are some mistakes like panic selling, being greedy to have profit and not to wait for right time selling, to be a good trader you will have to control your emotions so you will always only earn and will not lose anything, don’t panic just wait.

Yes, day trading timings are known heaven for committing unexpected mistakes. We need to be more careful so that we can avoid those mistakes but it will be possible only after having plenty of experience in day trading otherwise almost all the traders are making mistakes in day trading as it is easier for them to get emotionally failed due to fluctuations of day to day markets.

We may go for listing all the mistakes which are possible in entire trading then we can adopt those for day trading too because day trading is known for committing more mistakes than any other type of trading.

While it's true that it's not easy to avoid, but we do have to put in mind that we need some strategy to avoid making mistakes as every mistake will cost us money, that's the reality in trading.

To be profitable which is our main goal, we should continuously develop our skills in order to predict the right market movement.


If we do that and will predict it right most of the time, it will result to a profit as long as we also know how to properly manage our funds. 

Everyone wants a big profit, everyone doesn't want to lose too much, that's the wrong mindset of a trader, thats why they
experience greed and panic if certain conditions, they have to change their mindset

Good emotional control will determine whether a trader will get success or not. Controlling emotions can make a trader make a good decision, because with all the calm things can be much more comfortable and we can think well by paying attention to all aspects such as analysis and data.

Hi, this is my list about mistakes needed to be avoided

1. Only Invest What You Can Afford To Lose
2. Diversify: Never Put All Your Eggs In One Basket
3. Don’t Try To Make Profit In Every Trade
4. Don’t Be Too Greedy
5. Don’t Have Fear Of Missing Out (FOMO)
6. Maximize Your Winning Trades
7. Always Learn From Your Trading Mistakes
8. Minimize Your Losses And Set Stop Losses
9. Reduce Emotions And Stay With Your Strategy
10. Sell The News And Buy The Rumors

Many traders agree that the hardest thing to become a winning trader isn’t to maximize your winnings but rather to minimize your losses. This article will walk through ten Cryptocurrency Trading Tips and trading mistakes, one-by-one and how to avoid them. In this article, we ’ll go through Cryptocurrency Trading Tips on how to avoid the most common mistakes (https://www.cryptocointrade.com/education/avoid-cryptocurrency-trading-mistakes/) in cryptocurrency trading.

so you mean that noobs are not allowed to try daytrade?
so when they gonna be a pro? Pro also noob back then, but they try and learn so they can be pro.
and you said have been doing for years? when a noob learn and try for years too, they can also be a pro

These are the basic mistakes we are doing in the trading, every time day trading will not work for us because market fluctuation will change continuously. So we have to act according to the market condition and fluctuation.

Everyone can try trading as long as they can be afford to lose what they are investing,noobs are really can be a pro when they understand the trading very soon so doing something makes our life better than nothing.Just start it today and learn as fast as you can,be a pro soon.

Everyone has the chance to be successful in trading, we start as newbie but eventually we will grow if we will survive.
The journey that we are going through might not be easy but if we put passion on it and play it smart, we will have a good future in trading.

So we need to never stop for learning about trading if we want to be a pro trader. I am sure that every people have their ability to learn to trade and the different from this is having a will to learn or not. And when someone wants to increase his skills, he should know that the one thing he should do is only learning more and more. Don't feel satisfied when you can reach something because you can do more than that.

The important think that every trader need to remember that they don't have to hurry in day trading which can cause losses as well and keep learning about the current situation will make the life of trade more successful.

Everything is good advice for the newbie trader. First before anything the capital that you need to use is the money that you can afford to lose because it is safe way incase the money is not grow you have still money too. Day trading now is not good because they need to choose longterm because of the market now. As newbie mistake is normal but in the second time around you need to be careful and don't do that again what can cause you make a mistake.

one of the main important points for trading is balancing the emotion  and balance in trading is very important there will be uptrend and downtrend in both the trends we need to handle be stable in booking profits

a beginner's mistake sometimes they are too excited, and miss the opportunity to sell at a high price. well, this actually doesn't only happen to a beginner, but also some people who have already traded. maybe a not-so-big profit must be taken as long as it's far from risk.

As a trader truly needs to maintain a strategic distance from mix-ups, in light of the fact that mix-ups can truly make us misfortune an enormous measure of benefit, I trust that trading is an astonishing approach to procure once in a while, however we additionally should be more tolerance and we need to stay away from misfortunes by doing exchange an extremely cautious way.

I trust that botches is a piece of an actual existence of a broker and I trust that we can't make everything flawless so on the off chance that we can commit an error we should be more judiciousness and right it in the following exchanging.

Daily trading is actually a method of gain that many individuals have tried but not successful because nobody knows exactly what decision to make. There are so many people who are aiming for a high profit margin, especially for daily trading, which may be the reason for many individuals to fail. The first element to be made when trading daily is definitely to use stop loss and take profit orders. With the help of these orders, we will make the daily trade easier and we will benefit from all kinds of instantaneous fluctuations in price. On the other hand, ending the day in a stable alternative to Bitcoin or at the end of the day is an important detail when you trade daily.

If you are a day trader so it is very important to have good knowledge about trading for short term and also keep this in mind that only one situation is there to help you earn if is having fine skills and enough knowledge about day trading, in current situation we can easily buy at cheap price and holding for few months and give remarkable profit.

I agree to your statement no. 1, 2 and 4 but I do not agree to your no. 3 statements which is about technical analysis. As a trader, it is important to use technical analysis and trading indicators for us to know when is the right time to enter and to exit in cryptocurrency trading.

everything can be successful in the trading world if there is no interference from the government which often gives a bad statement to the development of cryptocurrency so that there is no bad news and will not make traders afraid, trading will run smoothly and become very successful.

It's up to a trader how he will handle situations like that, no one would wonder if how far trading can be done and how successful you can be, you need not just to avoid mistake but to learn how to cope up and make a much better options so you won't lose again, better to learn more about how to adopt things inside.

Yes, day trading is not as easy as compare to long term trading. But still there are a lot of people who only give preference to day trading, and now they have become expert of day trading. They are very active and always take a right decision on time.
In fact they know the nature of the market and therefore they enjoy day trading most, even get a good profit from there.

The question of difficulty cannot be from a biased opinion. For someone who has been trading for some time and making money from it you will get an opinion that it is profitable. The actually question is whether a person is accustomed to day trade or long term hodling. Sometimes a bit of both is needed to make the best of what is available to us.

And those people would call day trading profitable. ;)

They actually make more money from dumping shitcoins on their "followers" in this so called "paid" groups designed to take your money. :P

Day trading is always risky in both bear and stable market that's why it is non-recommended trading type.
A day trader don't expect huge amount of profit, because he can still manage to make it big by earning small profits regularly.
2% to 3% is still a good percentage in this market if you can earn it regularly.

Yes, day trade is a very risky type of trade on this industry however this type of trading style has a huge possibility of profit in a daily basis. Every day trader should know that even it is a day trade, don't try and push too hard to achieve the daily goal like 2-5%, this is what i commonly notices on their mistakes.

I don't think that technical analysis is not applicable at all. In case no major events are coming technical analysis may help you in day trading.

Support and resistance concept can be useful.

Trading truly needs to keep away from oversights, since missteps can truly make us misfortune a tremendous measure of benefit, I trust that day exchanging is a stunning approaches to procure sometimes, however we likewise should be more tolerance and w e need to maintain a strategic distance from misfortunes by doing exchange an exceptionally cautious way. I trust that botches is a piece of an actual existence of a merchant and I trust that we can't make everything flawless so in the event that we can commit an errors we should be more judiciousness and right it in the following exchanging.

In this matter as you have mentioned so I must say there are so many fake sites and scamming websites who use to say good things about their sites but there is no reality in it try to stay away from them, they only will show you green garden and when you will invest your money for trading they will get vanish without even informing you, so avoid strange and fake website, make good research before investing.

Trading is for the people who are all having more experienced in this field, and you have to exchange dependent on the news and pattern, not founded on the fud and news, exchanging should be rationale not founded on feeling, and pointers could be valuable as an apparatus to enable you to choose, and constantly set the breaking point for your lost and your benefit in exchanging.

numerous Traders go into exchanging every day without appropriate information of its subtleties and what it really is all about,and consequently they lose a significant expansive measure of cash. People who day exchange without procuring the essential learning are just putting themselves at an immense dangers
It is unique in relation to simply "purchase and hodl it requires more focus and more study,so it's ideal to learn before contributing.

I think many people trade in amounts that don't fit their abilities, so many people feel too disappointed when they suffer losses.
In addition, I agree with number 3, that many people start trading without thorough knowledge, so the risk of failure is greater.

The list you mentioned above are really helpful especially for those people that newbie and always emotional in day trading.
Its not easy to win your trade if you do not known how to control your emotion and how the right time to enter your buy and selling order, during day trading you need tobe careful to your moves because a single moves can cause a big mistake to your analysis, dont be greedy and always take profit if its possible

The points raised in the post will surely help. These other points will also help. Do have a trading plan. Always use StopLoss and Take Profit. Do not revenge trade once your daily target is triggered whether positive or negative quietly leave the market for the day. Have a reasonable capital base.

It is completely like gambling, we just predict the growth and make trade decisions. If the trade prediction gets coincide with the real move of the respective asset then it gets a big earning. Here users with large volume make big profits as each and every single percentage of growth is used precisely.

Blindly do not choose a coin even if it has a good trading volume in a good exchange. I had to choose the coin PXG (Playgame). I did go through the growth  trend and analyzed its move with volume in all exchanges it is listed. I was totally convinced and yes i bout the coins when the price was dipping. To my bad luck, the price is still falling down. This is the first time PXG faced such down fall in their growth history. Unable to get back as i feel i may loose $150 dollars.

the 4th point is an essential matter and the most difficult as well, cause you never know when you are ready to trade and where actually to extract that knowledge from

Nobody actually goes into trading to make mistakes that will lead to a loss of investment. Mistakes in day trading can be made repeatedly when we embark on the wrong things. One of the mistakes to avoid during day trading, is not to hold a position for too long, once you've placed a position, target for a reasonable profit and exit the trade.

Technical analysis is also needed for any kind of trader but don't completely depend on that for your prediction.Using indicators will help a lot for the people for day trading if someone don't have that knowledge then they are gambling on it.

therefore the level of emotion must be maintained in conducting daily trading, it is indeed quite difficult to get a big profit in doing daily trading, because the current market situation many conclude is still in the recovery phase. it would be nice if we could change the day trading strategy into a form of long-term trading to minimize the risk of losses and can save more time

it must be therefore more careful in daily trading to make a decision if you do not want to regret later, but trading if there are no mistakes is not good for the future if in my opinion

You make it sound too easy lol. You are telling us not to hold too long and then you are suggesting us to target for a reasonable profit and exit the trade? Not sure if you can have this both together. What if the target never reaches? You will be then holding it for a long time. Keep in this on your mind, it is sometimes it is better to exit before reaching the goal in order to save yourself from bigger loss.

#4 should resound with a lot new comers, trading is a competitive game,the average person loses money to the smart trader,the dumb trader loses money the average and smart trader.So unless you know what you are doing, do not dabble into day trading as a means to make money.

The major problem with trading if we did mistakes is when we are being controlled by our emotions, especially if We do not know how to use it properly if we are in the actual trade market. Second was that most trader particularly the newbies or most of them are becoming more greed, imagine even without any knowledge and idea about in trading, they are eager to do trading due to they are hyped that they can earn big in crypto even if you are a newbie only, which is wrong actually.

the thing to avoid also is excessive panic. sometimes it can be very difficult. FUD and FOMO sometimes have a greater influence when the information has spread. however, in day trading, I think that can indeed be avoided when you really pay attention to it. it could trigger selling panic.

Many people believe that bitcoin does not follow the Technical Analysis and is most move with respect to the news of the coins. This might be true in some sense but in the long run the Technical Analysis do play an important role.

If you want to be a perfect day trader, then TA should be at your finger tips else you will not succeed in this field.

Technical analysis is good, as long as you understand the market, why it moves, what caused it, if you have complete understanding that the market is given by supply and demand, that many times people enter because of their emotions, you can apply a technical analysis of quality, to identify supports, areas of opportunity, take out the phases of the market through which it has traveled.
Only technical analysis could not work, chart figures can be invalidated after the entry of a lot of money or massive sales, but if you understand, there is no need to learn patterns, you can simply react or even risk predicting at times.

No doubt, TA analysis play an important role in day trading but TA allow is not perfect for this current market and with the inclusion of FA analysis and news which could lead to up trend of the market (example fork and JPM coin) been a prefect get better.

Yes I know I have to avoid mistakes always for trading. Because there may be a big loss if there is a little mistake in trading. So I think always be careful when trading. If not, all capital losses will be. There can be no greed during trading. If there is more greed habits then it will be removed very quickly. Otherwise it would be harmed all cryptocurrency. The feeling should be kept in mind while trading. Otherwise it can be a big loss. So I think there will be no wrong doing during trading. Trading is a professional work. So no mistake during a single trade.

Thank you.

In crypto market there are always 2 different trend, bearish and bullish so if we trade only when bullish trend will be minimize the risk and we can make maximum profit. There are many trader and investor has been loss more than 80% , and that happen because they dont have any risk management. Anytimes we want to decide to trading or make invest in crypto, we should be use stop loss and learn more about the trend and price action of crypto. By to see historycal price, we can loss more than 90% from crypto so when bearish trend started we should immediatly out from the market.

Do not trade vigorously without enough knowledge how to trade. Actually, we all know that it is risky but we go on and do trading because we want to gain profits like others. You have to understand charts, candles, indicators and the market to react and to do some good entries and exits.

well, sometimes you can use CFDs to benefit from bearish trend. though it is a problem to find a good CFD provider

I am yet to learn how a person who does not have enough knowledge can trade vigorously. Please let me know your thoughts. Unless they completely playing with their money they wont do so.

However just understanding charts and patterns wont do you any good unless you try some dummy trading yourself. In day trading the indicators do need to be kept track of and once you get the hang of it, it becomes easier to track. But tracking them before a certain move is tough and thats is where predictive power comes into play along with the knowledge of indicators.

You should have at least a basic knowledge of trading and this will allow you to start earning. Do not spend a lot of time just for training. Start practicing slowly. Then you'll learn faster.

To avoid mistakes in trading you're not supposed to be in control of your emotions dude.
Then, don't  believe easily or depend in any of the FUD news you will read in the updates of the coins, also
Don't rely on your luck too.

That's why you need to build up yourself and become an independent trader with great technical analysis in understanding the market movement. This is why, continuous learning in trading is must if you wanted to be profitable in the long run.

I think it's great to know about trading especially when you know some technical analysis within it. Having correct trades and great understanding is beneficial. But the most crucial part in my end is the strict emotional control. I do think the continuous development of self-knowledge and emotional power should be done.

I do this too with the power of an automatic trading tool like Gunbot.

OK
I think one of the major tips of day trading is keeping it simple, don't be greedy, do not aim too high, 2% to 3% is not too bad par trade.

HOW TO AVOID LOSSES..
to me I don't depend much on the too their.. I observe the graph and see how the trading has been for that day, for the past two day's or for the past 1week, with the graph I know how to buy and sell, or even if I don't sell out immediately with the graph I know I have hope

You have to memorize the strategy of seeing candles in the market, because many traders usually don't understand this strategy and may only have a few strategies read the market, you have to enrich yourself about many strategies to read charts and candles

Reading charts and candles would help actually but it's just a minor tools for your success.
You will be able to be more effective if you can predict the future price movement and you need more than a chart or candle to do that, insider's information is very effective as it could move the price when the news is big.

that's true because a lot of people make mistakes like too panic and too ambitious, because both of these traits are most avoided by traders and they must be removed in our heads

Trading while having an emotion is not good in my case. Because what if the coin that you holding is going to down the price for sure they have possibility for you to panic selling that's the other do last year. Everythings that can cause you make mistake better should be avoid that. The information is good and very informative that can help to the newbie if they are in the day trading.

Its a human feeling and we can't avoid that but we can tried to control it. That is how important to think wisely in all situation we encountered in trading and we might have to extend our patient. Cause once our emotions blown out, possible we can't think better and only we possible  to think is to sell and sell..

Day trading mainly depends on our luck but we don't have to simply trust on it to becomes profitable by day trading.My advice is don't do day trades if you want profits on long term without much effort because by doing day trading you can't make anything bigger even you can achieve good profits everyday.

the desire to find ways to reduce the loss ratio is obtained from many factors. for example by following certain signals and then researching them personally. so it can't be instant to memorize all available methods. But many traders make mistakes in speculating profit ratios and how to handle coins that must be sold immediately because of inappropriate momentum, this experience must be explored because daily trading sometimes runs erratically outside the target

I'm not sure if this was already said but don't put all your money in one position!

I think that is the basic lesson in crypto trading, besides that we have a big chance to make a profit from the random coin.

In crypto, we can see many coins will increase the time to time and although we don't know which coin that will increase if we can diversify that coin, our chance will bigger. But it's not easy to buy many coins because we need to have a bigger balance so we can split the fund between buying many coins at a low price.

I wish daytrading was like the previous years before the crackdowns because it is still very lucrative. I don't want to pursue daytrading for now because maybe you can get 1%-5% which is the  maximum at this moment you can get but then when the crash happens, it declines a massive 20%-50%. It's very ugly to see those things so the strategy would be better if we just accumulate.

All of us should take benefit because it will be huge profit, never lose your patience and avoid panic selling good time is not so far we can easily get profit but right now it is good to wait than thinking about selling. It is really big mistake which is happens from new investor and traders mostly, as they sell for panic and then cry so don’t sell just wait.

Thanks a lot of nice suggestions. since last year I had very altcoin in my hand. I've been in this sector for 5 years and sometimes I can still make mistakes. It's very important to control emotions.. and not risking all of the money..

losses is part of trading and investments!  We cannot avoid loss but it is the level of your knowledge and skills that do make you money in any investments field.  To remain in trading your number of loses must be less than profits as no one can accurately predicts the cryptocurrencies market. That is were all the confusion is. Many people don't know that it is important not to trade than trading and losing and some did not know that they cannot predicts the movements of financial assets accurately and because of this,  it is very important we should investing with what we can afford to lose . Reducing our risk, should be the best investments decision to make if you want to remain in cryptocurrencies market for long-term.

1. always trade with stop loss
2. never follow the crowd blindly
3. always set daily budget.

not sure about first point. if you trade without leverage then setting stop loss could be a bad idea especially while trading high volatile coin

following a crowd means following a trend? trading against trend is the very first and crucial mistake of a trader.

And that is the bottom-line of day trading of course. This is the reason the new startups in the market spend some good six months in the incubators before pitching in to the investors.

You enter the trading with the best of your knowledge; you are very instrumental in making the good moves regardless of what the market conditions are. Often people focus completely on day trading thereby miss out some good opportunities in other areas. Never miss out any opportunity.

Mistakes in day trading is not easy to avoid because there are such time that the market falls and growing up so it's not a mistake also it depends what will be the out come so its normal by taking the risk of crypto trading.

What do you mean by insider’s information mate, could you be make that clear please because I am also opened to learning too ?

But, I think it is best to rely on chart and analysis because if you don’t work with both of them, then you will work with intuition which will allow emotional trading comes in, intuition is not completely okay to use when trading, that is why a lot of people fail in their day trading if they don’t learn to use it along with their emotion which I think is the major tool to use when trading.

We rely on many factors when we are making trading decision, I say we cause I think most of us do the same, but we can be safe all the time. Mistakes and loses are part of the learning process, whether you like it or not, smart is to learn from mistakes, any other way is just denying and that leads to new mistakes. Analyse your mistake, take a slow walk in your memory and try to understand what went wrong, you will learn how to avoid same mistakes in the future.

Personally, i think a lot of traders should pay attention to uprising exchanges, they’ve got much more potential.

Why do you think so?

But if we are keep trading with commiting mistakes then we may not get our profits.It is not completely avoidable but we can minimize it by gradually and getting up a professional trader by days passes if we are concentrating on what we are doing.

You can easily analyze them without contributing, plus there is no established angry community there and the environment itself is easy.

Partially agree, which one are you following?

im digging into velvetexchange rn, they are running on demo tho

How is that possible?

they launched recently, so they don’t rush with big moves

never heard of them, but okay

Most investors tend to make mistakes when they start day trading. If they learn from previous mistakes then it is most likely that they would be successful in future.

Day trading is risky and may lead to huge losses if not played strategically and if there are no established set rules before the trading day begins. To avoid getting caught up in the emotions of a big win or loss, you need to decide your entry and exit points. Never forget to always day trade with a trading plan in place. Your plan should include what markets you will trade, at what time and what time frame you will use for analyzing and making trades. The key part to risk management strategy is to establish how much of your capital you are willing to risk on each trade.

In essence, when we want to do day trading, we must always pay attention to the price movements of the coins we have. With that, we will be able to continue to monitor and understand how the coin moves. The simple thing is that we are only required to be able to sell coins that we have far more expensive than when buying them. Always read the chart of price movements, then we will be able to make decisions and gain good momentum.

in trade there is no such thing as losing or winning. everything will just happen and the market can determine the price not the trader itself, so profit and loss are greatly influenced by the skill of the businessman in determining the right time to sell and buy.

It's really good trading in bullish market but there could be cases a bearish market could be of profit. Those things that you included is very helpful. Trading base on emotion is not quite the key in trading. Much better if you learn.

Who has been able to pick out the best broker among those listed on this site?
https://evokefinance.com/best-binary-options-brokers/ (https://evokefinance.com/best-binary-options-brokers/)

Binary options are risky and your first post is about binary options after opening the forum account. I don't advise to amateur traders to start with this trading method and traditional trading is far better.

Bullish or bearish is not a big matter for the day traders,since they all need to concentrate on the time period what they were trying to do trades and how much price swing in that space is matters.What I feel about the mistakes done by day traders is doing trades with not clear goal of how much profits they were looking for so they were just gambling will make them to be in loss.

Never trade based on your emotion or trade when your emotionally unstable it would just make things worst.
And for those who want to start trading never put all of your money in it,
If you are just starting to trade you could try it at a small amount gain some experience first and learn don't rush things up.

In daily trading, be sure to divide your deposit into several parts and put for each percentage of profit by 2-3%, then you can easily get additional income

Binary options are for those who can take the risk traders who can deal with gambling type of trades, it's not advisable for newbies who don't have any
in hand experienced with actual flow, you are betting for either directions so you must have knowledge what influence can move the market trend, always make sure that aside from willingness to take the risk you also have good analysation skills.

- Yes, bringing our emotions into this battlefield is really a very bad thing, although this has been informed and advised by many experienced traders but many people still can't control their emotions and failures happen to them. Another mistake that is similar as you say, many people are very in a hurry, they set very high goals, inexperience and cannot manage the loss, and suddenly they created too much pressure on them and they failed, therefore, we should understand that if we want to trade in the day, we should not put too many goals, the flexibility and the use of opportunities available in the market are necessary

So far I have read that emotions have a negative impact on the trading enthusiasm and that this should be avoided once you are in the trading. Another thing I would love to talk about is quick profits that should be made in day trading and withdrawn.

If you are able to make quick profits in day trading, better invest and withdraw talking the profits home. Set limits and be rational because it is of not use spending time and leaving with low money.

indeed I think it is very easy for you to talk about but you have to know you have to be able to choose coins that really have the potential to be able to generate profits from the capital you have while the most important problem is not all coins can guarantee up, and cannot give guarantee also that you will be able to get a profit of 2-3% every day.

huge losses? if you have stop losses or trading without a margin - then you will not have huge losses.
price always fluctuates so definitely sooner or later it will bring you some profits. it depends on how patient you are.

As all people are saying, i will also say that, Day trading is too risky. If you lack in stratergy while trading then surely you will face a critical loss.
The most important thing in the day trading is to see and track the price fluctuations, if you mastered in that then surely profit will be in your pocket.
Moreover people now a days invest or trade in getting fair advantages(profits). They trade with the coins offering more risk in order to get huge profit.But i will suggest to never trade with such coins as it can also led you to loss.
It's better to remain on a safe side IMO.

That’s right, price will never remain the same, it use to fluctuate so if you see price is getting down just simply buy and if price is increasing try to sell, being worry and selling when price fall is really worst decision, so never let your money get lose try to buy at low price and hold until you become satisfied with the progress of your coin.

I don't really have an idea about trading. I'm still a newbie concerning trading. But seeing different opinions here. As a newbie who wants to start trading . Is day Trading not advisable?
Which will you prefer I should start with?

Of course the best option is the project that has increased volatility and the difference in the price of a coin is constantly changing. But in order for trade to be more productive, a newcomer first needs to learn how to analyze the company itself in order to know about its prospects, and also to study the price fluctuation chart to be sure of its capabilities for a certain period in the future.

True. It's not advisable until the market will be bullish. I think that bear markets gives us more volatile market. So, it's not advisable for a newbie just to day trade. But if you're pro in trading, you can really go for it. But it's not advisable for you to do that now.

Bear market is just for short time now, so I think to enter the market now is really good time just take the advantage and buy if you have plan to trade, according to me the mistake people use to is trade for day without having knowledge and information properly as required, so simple is don’t lose the opportunity to buy when the price is low in market.

I would not suggest you to start trading immediately. If you have a background of stock market trading that would have helped. But since you dont, read the rest of my comment.

Once you gain experience you will also be able to form your own opinions. ;)

Newbies who want to learn should learn the basics of trading first and how the market works. What asset you are actually putting your money in a  lot of research from different sources regarding that. Dont listen to general public opinions. They are often fueled by bagholders pumping their own shitcoins and the same goes out for the youtubers - remember that no coin is going 100x tomorrow without any reason to do so unless its a pump and dump. Stay away from those and try dummy trading for practice once you analyse price charts and indicatos.

right now it is the most difficult task that many users of cryptocurrency are trying to solve. It is very difficult to stay on the same level for many projects that not only recently entered the cryptocurrency market to sell their coins, but also concerns those projects that have been trading their tokens on stock exchanges for several years.

You need to trade for profits for that you need to understand the price movement and all those stuffs for that it will take time until that doing day trading is not advisable.

Everyone should, otherwise, what's our purpose.
Actually it's easy to say to trade for profit but the reality is it's hard to achieve it, therefor we have to be serious in trading if we want to succeed.
We can be profitable sometimes and loss sometimes, but what's important is to be consistent to end up profitable in case we stop.

Trading is not for everyone,so when we habe trouble in making profits from cryoto trading then we should look for some alternative way to make money.
For me trading is eaey since I only tade tor profits which is even very long term.

Things that other markets have is of no significance to the crypto market if you try to find an analogy among them. Stocks on the stock market are real companies that are having stocks released on exchanges for buyers but the majority of altcoins dont even have any proper project to go forward with. They keep feeding you with their dreams and roadmaps but in reality what has happened is that you lost your money to a con-group and the best part of it is that you cannot do anything about it.

This is why people should shift focus from altcoins to bitcoin because it is the only thing that needs attention and has a working system.

When someone know how to trade for profits then they have to do it even in any form of the market,but everyone doing it means not everyone can be profitable.

Trading profits comes from the loss of other trader so don't be profitable for always,but doing more trades you can make profits as well.

If people are ready to take some sort of risk in their profile then trading could be a the best job for themselves as they can make a lot of money in the volatile market or otherwise as well. May be at times thing may not be on your side but one has to deal with it.

Of course, there is a lot of new for beginners when there are certain difficulties in the cryptocurrency market. Well, one way or another, you can not be active, If you have not done at least a minimal analysis of those projects with coins you want to deal with. In any case, it is impossible to spend all the funds at once from your initial capital, which for a beginner should consist of a small amount.

Another thing is, at least be aware of your financial and emotional capability. If you're going to read and research, look for.actusl experiences of traders. Learn from other people's mistakes and learn from your own. You can't take away the fact that we all will make the same mistakes one way or another so you have to know what your contingencies are.

That would be great help to him. Actually when a new person from different background than economics, he feels confused. This world is totally different from other businesses or earning sources. Stock experience would ensure this person that he can make good choices and decision making can be efficiently done. Although the start may be bumpy but learning period would be lesser as compared to other newbies with non-business mindsets.

Those two often become the reasons for a traders' decline in ability to trade or the motivation to trade. Both are important even if they sound different. Lack of money to trade at the proper time can be disastrous specially when rapidly prices are fluctuating and you have been waiting for a long time for a proper entry price. Lack of emotional control can lead to wrong decisions.

This is one tough thing to do. If you ask some trader they wont reveal their mistakes but give some generalized fallacies. Nobody wants to face their downfalls in reality. But they will try to pump their own shitcoins. ;D