Mistakes need to avoid in day trading

[Bagaji]

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.

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.

[1715037188]

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[1715037188]

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[1715037188]

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[asyakashi]

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.

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.

[Kelvinid]

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.

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.

[ShadowBits]

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.

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.

[BlackFor3st]

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.

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.

[Thanasis]

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.

Been doing those before. Long time ago and a long story while I was still learning day trading. It wasn't worth it but hey it's a knowledge that I could use whenever the market somehow smiles upon us soon. I was also using some tools like the TAs just for the sake of an indicator of selling and buying. The graphs inside the TAs were really showing something through its curves and I sell whenever it touches my satisfaction line.

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.

[carter34]

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.

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.

[BUK2016]

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.

[deppil]

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

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

[Caladonian]

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.

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.

[wuvdoll]

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.

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.

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.

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.

[Ewinsane]

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.

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.

[xenxen]

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..

[Botnake]

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.

[fibrolit]

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

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.

[TheUltraElite]

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..

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.

[eaLiTy]

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.

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.

[traderethereum]

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..

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.

[ongkok87]

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..

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

[tiggytomb]

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.