i failed in day trading

[Edraket31]

when they trade using demo account usually result will be better than using real account.psychology and mental totally will different.traders easily open new transaction without any pressure when using demo account, so they could think clearly or even just get lucky.meanwhile when we using real account , every transaction will analize carefully .sometime we scare to open although our analisys correct.this is will be problem we dont trained our mental and psychology too.

That's absolutely what I tried to say. Thank you for completing my opinion!
Sometimes we are to scared to put investment and lose a big opportunity, sometimes we are too confidence and lose a big money. The second one is sometimes caused by this demo account.

Again, I didn't find a crypto or stock platform that give a demo account and intentionally let potential users to win more to attract them, but we need to be careful from the start.

For me you are not yet failure in trading as long as you didn't stop or quit yet, failing and losing some money is just normal in trading while you are studying it, you are earning and learning thru your experience at the same time, you have to bring a lot of patience, as trading is not instant, although you are sure of your chart reading, still the market is unpredictable and can be reverse anytime.

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[bellicose]

I’ll tell you that in the long run you will lose most of your money anyway. And it does not matter whether it is trading or a casino. Both of these sectors do not guarantee a stable income and failure is achieved by absolutely everyone who has not stopped on time.

[rijaljun]

That's absolutely what I tried to say. Thank you for completing my opinion!
Sometimes we are to scared to put investment and lose a big opportunity, sometimes we are too confidence and lose a big money. The second one is sometimes caused by this demo account.

Again, I didn't find a crypto or stock platform that give a demo account and intentionally let potential users to win more to attract them, but we need to be careful from the start.

For me you are not yet failure in trading as long as you didn't stop or quit yet, failing and losing some money is just normal in trading while you are studying it, you are earning and learning thru your experience at the same time, you have to bring a lot of patience, as trading is not instant, although you are sure of your chart reading, still the market is unpredictable and can be reverse anytime.

You should not quoted me as I'm not the OP and I'm not the one who has the trading problem here. I'm pretty sure you didn't read the whole OP post, nor my reply.

You are spamming your signature, aren't you?

[NewRanger]

I’ll tell you that in the long run you will lose most of your money anyway. And it does not matter whether it is trading or a casino. Both of these sectors do not guarantee a stable income and failure is achieved by absolutely everyone who has not stopped on time.

i don't think soo.i crypto trading or in other market, if we learn and practice all knowledge that we know , we will be an expert after long time.our skill and knowledge improved if we could do this , i am sure stable income will happen to us.except if we hope this income from casion, there is no certainity on gambling.we only have two possibilities, loss or win.

[ardentvolcanoes]

I'm not afraid to fail because for me failing is a way for me to learn new information. Failing for me means that I need to improve something. You can minimize your losses in day trading if you will improve your skills.

Keep enhancing your skills will help you to improve your chance of getting good outcomes, failing from the start if you are keen to learned will helps you to keep on trying, there's no accurate calls or exact position from each day that you'll going to participate with this business, all you can do is to anticipate and keep trying much harder. Don't be afraid if once you lose your investment, keep yourself up and be positive that in anyhow you'll be able to catch it up and get into the game with positive outcomes.

[jostorres]

Usually what makes someone fail in scalping or trading on a daily basis is that they cannot be consistent with the plan that has been prepared. the result of greed is causing chaos in planing trading. this is usually what I face or scalping to be applied.so that emotions can be controlled is indeed quite difficult in practice

Setting a goal before trading is one of the key points to a successful trading, and you are right, many people fail because they lack vision, focus and they lack planning. Good people that wants to be successful in trading even have journals that they use in keeping record of their trades in order for it to point them to the right direction on where they are getting it right and where they are getting it wrong, and I am sure that most journal will point out their failure as greed and lack of set goal for their profit.

If we already set a goal for our profit, it will not be difficult for people to be able to trade by scalping and other means of trading. Day trading is had, but if we follow the rule of day trading, then any trader should be rest assured that success will be theirs.

[miningguru]

Yes, there are many people failed in trading because lack of knowledge and they don't know how to choose the potential coins. Choosing not only the coins, but also we need to be very patient until we make profits, sometimes we need to wait more time and it will make to lose our patience and start selling the for loose. Patience and Commitment are the best when we are into trading.

[Distinctin]

Yes, there are many people failed in trading because lack of knowledge and they don't know how to choose the potential coins. Choosing not only the coins, but also we need to be very patient until we make profits, sometimes we need to wait more time and it will make to lose our patience and start selling the for loose. Patience and Commitment are the best when we are into trading.

You've found it right.
Have nothing to blame for our failures but its only ourselves. If we are about to enter this game see to it that we are ready for all the possibilities that we may encounter in the coming days. As we know that trading is risky and for that, we have to make a decision carefully. Choosing the right coins to trade is a big help that could help to make sustainable and profitable trading.

[cryptoblazter]

i have learn technical analysis and practicing it for many months now i am good at it , but when it comes to day trading stocks move as market moves if markets go up stocks go up and if market falls stocks fall where does technical analysis , how to do day trading

my question is about stocks not crypto

First you must know the differences between the stock and crypto, on stock based on my knowledge and idea if you do trade in it, there's a time limit while on crypto you can trade 24 hours any time you like mate.

[jakoylantern]

For me, it's tough to assume, especially to do that, you will be successful in every trade that you do, face the fact that you will be having a bad day that all your TA is very inaccurate on your expectations. I'm sure all daily traders experience ending up falling in one day. But remember that it's okay because you can profit well after recovering and making a great TA and calculations. There's always a risk in every trade, so make sure that I will be appropriate on your calculations.

[Fredomago]

For me, it's tough to assume, especially to do that, you will be successful in every trade that you do, face the fact that you will be having a bad day that all your TA is very inaccurate on your expectations. I'm sure all daily traders experience ending up falling in one day. But remember that it's okay because you can profit well after recovering and making a great TA and calculations. There's always a risk in every trade, so make sure that It will be appropriate on your calculations.

There's always a risk and that can't be change as even skilled traders also suffer from mistakes of miscalculating the situations. Day trading with stocks influenced by news it can also be applied with crypto if you do followed the patterned, Though it's different in some ways as there's big whales who can change the directions in terms of crypto market, while with stock where a lots of traders are working every time manipulations is much harder and a need of huge amount of money before making any impact with the daily movements.

[wxa7115]

I’ll tell you that in the long run you will lose most of your money anyway. And it does not matter whether it is trading or a casino. Both of these sectors do not guarantee a stable income and failure is achieved by absolutely everyone who has not stopped on time.

While it is undeniable that most of those that try to become traders fail on their quest it is not true that everyone fails, there is a small minority of traders which can make profits from the markets, without a doubt they are the ones that are the most skilled and the ones that have dedicated the most time to trade the markets and to test their strategies to see if they can be profitable on the long term with them.

That being said there is a huge difference between trading and gambling, in most gambling games there is nothing you can do to try to modify the results so they can benefit you, but when it comes to trading there are many things you can do to improve your chances, like learning fundamental and technical analysis.

[Apened]

i have learn technical analysis and practicing it for many months now i am good at it , but when it comes to day trading stocks move as market moves if markets go up stocks go up and if market falls stocks fall where does technical analysis , how to do day trading

my question is about stocks not crypto

Maybe you have to explore more about it and always change your style if you failed in 2-3times trade there is something wrong there. The other way around is try different timeframes for you to trade forget about day trading, technical analysis is just a 20-30% of trade excution always matters.

[alan2here]

I’ll tell you that in the long run you will lose most of your money anyway. And it does not matter whether it is trading or a casino. Both of these sectors do not guarantee a stable income and failure is achieved by absolutely everyone who has not stopped on time.

While it is undeniable that most of those that try to become traders fail on their quest it is not true that everyone fails, there is a small minority of traders which can make profits from the markets, without a doubt they are the ones that are the most skilled and the ones that have dedicated the most time to trade the markets and to test their strategies to see if they can be profitable on the long term with them.

That being said there is a huge difference between trading and gambling, in most gambling games there is nothing you can do to try to modify the results so they can benefit you, but when it comes to trading there are many things you can do to improve your chances, like learning fundamental and technical analysis.

I think new people are often the ones who make a lot of mistakes because this market is a financial market and needs a lot of good experience in trading. If you are able to make a profit during this time period, you are a good trader and anyone would like to become that trader. In fact, the number of people making a profit from this market is very small because they can not control psychology and often panic sell if the market drops suddenly.

In my opinion, it is best to learn from the top experts because they will have a lot of good advice for you and if lucky, they will teach you how to control profit in this market.

[tambok]

I’ll tell you that in the long run you will lose most of your money anyway. And it does not matter whether it is trading or a casino. Both of these sectors do not guarantee a stable income and failure is achieved by absolutely everyone who has not stopped on time.

While it is undeniable that most of those that try to become traders fail on their quest it is not true that everyone fails, there is a small minority of traders which can make profits from the markets, without a doubt they are the ones that are the most skilled and the ones that have dedicated the most time to trade the markets and to test their strategies to see if they can be profitable on the long term with them.

That being said there is a huge difference between trading and gambling, in most gambling games there is nothing you can do to try to modify the results so they can benefit you, but when it comes to trading there are many things you can do to improve your chances, like learning fundamental and technical analysis.

I think new people are often the ones who make a lot of mistakes because this market is a financial market and needs a lot of good experience in trading. If you are able to make a profit during this time period, you are a good trader and anyone would like to become that trader. In fact, the number of people making a profit from this market is very small because they can not control psychology and often panic sell if the market drops suddenly.

In my opinion, it is best to learn from the top experts because they will have a lot of good advice for you and if lucky, they will teach you how to control profit in this market.

Personally, I consider those mistakes as a motivation to keep going, I know that those mistake will be my biggest lesson that I should learn in trading, yes, it maybe not that too easy to do trading, but one day, when you keep going, you will be thankful with yourself, you will thank yourself in the future.

[huige007]

So you were asking about stocks? I don't think you could get that much of a great tip here unless there is one that is going big outside crypto which is particularly a low probability of that trader being in here.
There should be similarities at least between day trading in stocks and crypto, it could be just the methodology on how you trade they differ at.

Correct because majority here is either bitcoin holder or altcoins holder. Trading is trading and the basic rules do not change in both markets. However, the trend is crypto currencies so a stock trader cannot really find some good answer here. Also, if he has already failed then he should try changing his asset or his trading type. I would suggest short term trading with bitcoin. That is a nice start. What do  you say?

[andycarrol]

I think what makes you fail when doing daily trading usually occurs because you do not have so much experience that you cannot determine the right time to buy coins and sell coins, and the worst thing is I think you cannot control the patience you have, while trading to be profitable it must be able to control what I have mentioned.

[topbitcoin]

So you were asking about stocks? I don't think you could get that much of a great tip here unless there is one that is going big outside crypto which is particularly a low probability of that trader being in here.
There should be similarities at least between day trading in stocks and crypto, it could be just the methodology on how you trade they differ at.

Correct because majority here is either bitcoin holder or altcoins holder. Trading is trading and the basic rules do not change in both markets. However, the trend is crypto currencies so a stock trader cannot really find some good answer here. Also, if he has already failed then he should try changing his asset or his trading type. I would suggest short term trading with bitcoin. That is a nice start. What do  you say?

If i face problem like OP, which failed in trading stock, maybe time to change to crypto. If too tired to do day trading, maybe OP can do long term trading with BTC or other big altcoins so he don't need to force himself to make analysis everyday. Day trading usually look very profitable, but i think to make analysis everyday, need stamina and fresh mind and not everyone can do it.

[Triffin]

So you were asking about stocks? I don't think you could get that much of a great tip here unless there is one that is going big outside crypto which is particularly a low probability of that trader being in here.
There should be similarities at least between day trading in stocks and crypto, it could be just the methodology on how you trade they differ at.

Correct because majority here is either bitcoin holder or altcoins holder. Trading is trading and the basic rules do not change in both markets. However, the trend is crypto currencies so a stock trader cannot really find some good answer here. Also, if he has already failed then he should try changing his asset or his trading type. I would suggest short term trading with bitcoin. That is a nice start. What do  you say?

If i face problem like OP, which failed in trading stock, maybe time to change to crypto. If too tired to do day trading, maybe OP can do long term trading with BTC or other big altcoins so he don't need to force himself to make analysis everyday. Day trading usually look very profitable, but i think to make analysis everyday, need stamina and fresh mind and not everyone can do it.

Right we must take interest in trading specially in day trading basically it’s really very important to work with enjoyment, and those people who get bore from trading usually don’t visit market on daily basis which is wrong so I think if someone is feeling tired of day trading then better go for long term trading it will save the money from lose and also will help you gain knowledge about trading.

[bitbunnny]

I’ll tell you that in the long run you will lose most of your money anyway. And it does not matter whether it is trading or a casino. Both of these sectors do not guarantee a stable income and failure is achieved by absolutely everyone who has not stopped on time.

While it is undeniable that most of those that try to become traders fail on their quest it is not true that everyone fails, there is a small minority of traders which can make profits from the markets, without a doubt they are the ones that are the most skilled and the ones that have dedicated the most time to trade the markets and to test their strategies to see if they can be profitable on the long term with them.

That being said there is a huge difference between trading and gambling, in most gambling games there is nothing you can do to try to modify the results so they can benefit you, but when it comes to trading there are many things you can do to improve your chances, like learning fundamental and technical analysis.

I think new people are often the ones who make a lot of mistakes because this market is a financial market and needs a lot of good experience in trading. If you are able to make a profit during this time period, you are a good trader and anyone would like to become that trader. In fact, the number of people making a profit from this market is very small because they can not control psychology and often panic sell if the market drops suddenly.

In my opinion, it is best to learn from the top experts because they will have a lot of good advice for you and if lucky, they will teach you how to control profit in this market.

Personally, I consider those mistakes as a motivation to keep going, I know that those mistake will be my biggest lesson that I should learn in trading, yes, it maybe not that too easy to do trading, but one day, when you keep going, you will be thankful with yourself, you will thank yourself in the future.

   But be careful that you may not lose all of your money in making mistakes in day trading because there are a lot of my friends who has start day trading without any knowledge due to which they lost a lot of money in the beginning but they did not get it serious so now they have left nothing to trade with, that’s why I am saying that it is good to learn from your mistakes but do not increase your mistakes much.

Day trading is the most risky form of trading and only really experienced traders with lot of knowledge and "sixth sense" are successful in it. But it's also the most profitable and the last sudden ups and downs of Bitcoin price were really good opportunity for day traders. But better don't go for it if you can't be fully devoted to trading, think fast and with cool head and make risky decisions.