Mistakes need to avoid in day trading

[Matthewmorris4]

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.

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

[1715009125]

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[Findingnemo]

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.

[Ronaldcoin2017]

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.

[jems]

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.

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.

[Caladonian]

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.

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.

[Kahoy01]

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 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.

[milewilda]

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.

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.

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.

[semobo]

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 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.

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.

[SlimShadyMmp]

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.

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

[Finestream]

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 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.

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.

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.

[zhekinsp]

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.

[South Park]

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 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.

[Distinctin]

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.

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.

[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.

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.

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.

[TheUltraElite]

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.

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.

[goaldigger]

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 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

[malphite534]

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.

[deppil]

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.

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

[nomenclatur]

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

[Slow death]

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.

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