Mistakes need to avoid in day trading

[Findingnemo]

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.

[1715008535]

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[1715008535]

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[nydiacaskey01]

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.

[harizen]

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.

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?

[playboy654]

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.

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.

[1Referee]

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

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.

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.

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.

[rodel caling]

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.

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.

[akram143]

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.

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.

[herurist]

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.

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.

[Findingnemo]

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.

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.

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.

[tarable]

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.

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

[jems]

2.Only risk the amount which can be affordable for you or just don't enter into that trade.

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.

[el kaka22]

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.

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.

[Findingnemo]

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.

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.

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.

[Siren]

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

2.Only risk the amount which can be affordable for you or just don't enter into that trade.

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.

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

[Fredomago]

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.

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.

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.

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.

[MetalGear]

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.

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.

[Indamuck]

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.

[babarian]

1.Don't trade based on your emotions,just concentrate on FOMO and FUD.

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.

[Findingnemo]

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.

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.

[TalkStar]

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.

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.