Mistakes need to avoid in day trading

[solarion]

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.

[1715152613]

1715152613

[reflector]

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.

[Vanshenz]

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 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.

[dark08]

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 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

[oceantiger]

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.

[Ayiranorea]

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.

[Hannahanto]

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.

[Autumn_Rain]

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

[Webberson]

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.

[jrrsparkles]

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 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.

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.

[radjie]

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.

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

[arifteguhr]

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

[adzino]

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.

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.

[Osamede]

#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.

[bravehearth0319]

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 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.

[hawkins]

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

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.

[JohnBitCo]

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 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.

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.

[LUCKMCFLY]

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 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.

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.

[hulla]

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 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.

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.

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.

[Coin-Desk]

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.