i failed in day trading

[jazmuzika217]

Honestly technical analysis has no clear information and basis. So do not give your full trust in any analysis,even study or prediction because all we know that all the action and decision we made will be finalized in our own decision.  Make some activity to learn what you want specially in doing trading. Raised some capital even a small capital to learn it in actual. I will tell you straight you need to learn the short term or day trading before dealing in long term trading because it is more risky.

[1714723977]

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[1714723977]

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[EdvinZ]

As statistics show, the vast majority of traders fail in day trading. You've all seen a lot of cool movies where the main characters earn a lot of money in this type of activity or you are so influenced by the advertising of brokerage services, which promises you a profit. But you need to be critical of all promises. The world's leading financiers recognize that the risk of losing a Deposit is many times higher in short-term transactions than in long-term investments. So maybe it is better for non-professionals to just buy some Bitcoins and wait for the price increase in the long term?

[NewRanger]

Many traders failed when they trade daily.lack of knowledge and skill be the main reason for it.they must know this reason or they will suffer lot loss in their trade.every traders must understand in which trader type they were .this type will help to decided which strategy that they will used .in day trading or long term has different technique cause its trading range totally different.

[wxxyrqa]

As statistics show, the vast majority of traders fail in day trading. You've all seen a lot of cool movies where the main characters earn a lot of money in this type of activity or you are so influenced by the advertising of brokerage services, which promises you a profit. But you need to be critical of all promises. The world's leading financiers recognize that the risk of losing a Deposit is many times higher in short-term transactions than in long-term investments. So maybe it is better for non-professionals to just buy some Bitcoins and wait for the price increase in the long term?

For any little prey, the best strategy for daily trading is scalping.  But in order to get good results, you must first decide on the choice of really suitable cryptocurrencies for this strategy.  I am sure that for daily trading, such coins as Bitcoin and Ethereum, as well as other cryptocurrencies that are in the top ten of the cryptocurrency market rating, are generally not suitable, because they are more suitable for long periods of trading.  It is better to take such coins into account that have stable price fluctuations within 5% or 10% several times a day for a long period.  Any activity in the cryptocurrency market carries a certain risk, but experience comes only through practical actions, and not only after theoretical training.

[tambok]

Many traders failed when they trade daily.lack of knowledge and skill be the main reason for it.they must know this reason or they will suffer lot loss in their trade.every traders must understand in which trader type they were .this type will help to decided which strategy that they will used .in day trading or long term has different technique cause its trading range totally different.

It is because of a lot of factors, still they need time, experience and deeper understanding about it, daily trading is not an easy job too, it is stressing to as you need to be full time, you need to devote your time on it, you will have lack of sleep, but if you will do it and you have overcome and learned everything, it will be all worth it.

[Tungsten-1]

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.

Slow and steady wins the race and that is the famous rule of nature. The real winner is not the one who apparently is winning the race rather the one who is continuously and patiently struggling is definitely going to earn something extra and precious than fast trader. Always try to trade with small amounts in order to experience different situations that you often will experience in the world of trading.

[wxa7115]

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.

While the mistakes you make can be a great way to motivate yourself to improve as a trader we must remember that trading is not exactly like other activities, if you make a mistake when doing almost anything else most of the time there are no negative consequences for making those mistakes but when it comes to trading a single mistake can cause you to lose so much money that not even the best trader would be capable of recovering that money.

So the best way to become a trader is to try to read as much as possible about it and only when you are ready you should try to trade the markets, this can be especially difficult for a newbie because they think that if they do not trade now they're going to miss in a lot of profits, but the market will always be there but the same cannot be said about your capital.

[TheUltraElite]

As statistics show, the vast majority of traders fail in day trading.

It that was true then nobody would become day traders. But I agree to your point just for the sake of argument, that most day traders actually make more money by promoting their social media channels where they pump and dump their shitcoins and also take membership fees from member who want to be in that group.

The world's leading financiers recognize that the risk of losing a Deposit is many times higher in short-term transactions than in long-term investments. So maybe it is better for non-professionals to just buy some Bitcoins and wait for the price increase in the long term?

Long term bitcoin holding is a safer investment. Lets not think of it as a "low" method or being weak. It is safe and it is a guaranteed profit if you have enough patience and willing to sleep over any downtrends.

[d3nz]

Day trading is really hard because you need to study the flow of the market and focus on what you're doing every hour. And i've experience the same as you are failing on day trade that's why i switch being a swing trader.

And doing a day trade will make paranoid because you need to always check if there is a signal if its going up or down.

[alan2here]

Day trading is really hard because you need to study the flow of the market and focus on what you're doing every hour. And i've experience the same as you are failing on day trade that's why i switch being a swing trader.

And doing a day trade will make paranoid because you need to always check if there is a signal if its going up or down.

Everyone wants to be able to make money from day trading but the truth is that this way will make you more loss if you have bad psychology. I have tried day trading since a few years ago and made a lot of profits in 2017 but by 2018 everything has happened completely different from what I was thinking. Crypto market is not an easy place to survive because the constant volatility always makes people scared and during that time I just waited and hoped.

This year some big coins are recovering very well and hopefully this upward trend can last until 2020 because this will be a very exciting year for all new investors to join.

[topbitcoin]

Day trading is really hard because you need to study the flow of the market and focus on what you're doing every hour. And i've experience the same as you are failing on day trade that's why i switch being a swing trader.

And doing a day trade will make paranoid because you need to always check if there is a signal if its going up or down.

Everyone wants to be able to make money from day trading but the truth is that this way will make you more loss if you have bad psychology. I have tried day trading since a few years ago and made a lot of profits in 2017 but by 2018 everything has happened completely different from what I was thinking. Crypto market is not an easy place to survive because the constant volatility always makes people scared and during that time I just waited and hoped.

This year some big coins are recovering very well and hopefully this upward trend can last until 2020 because this will be a very exciting year for all new investors to join.

Day trading is not for everyone. Maybe for who already expert can do this kind of trading. I not say it means we not worth to try it or something  like that, but what keep happen is people trading and lose and then share their experience, and it is keep repeated. From that case, make me conclude that we must be really ready to do day trading. If not maybe what will happen is like what d3nz said, we can get paranoid because must see market signal everytime.

[supercanada1]

Day trading is really hard because you need to study the flow of the market and focus on what you're doing every hour. And i've experience the same as you are failing on day trade that's why i switch being a swing trader.

And doing a day trade will make paranoid because you need to always check if there is a signal if its going up or down.

Everyone wants to be able to make money from day trading but the truth is that this way will make you more loss if you have bad psychology. I have tried day trading since a few years ago and made a lot of profits in 2017 but by 2018 everything has happened completely different from what I was thinking. Crypto market is not an easy place to survive because the constant volatility always makes people scared and during that time I just waited and hoped.

This year some big coins are recovering very well and hopefully this upward trend can last until 2020 because this will be a very exciting year for all new investors to join.

Day trading is not for everyone. Maybe for who already expert can do this kind of trading. I not say it means we not worth to try it or something  like that, but what keep happen is people trading and lose and then share their experience, and it is keep repeated. From that case, make me conclude that we must be really ready to do day trading. If not maybe what will happen is like what d3nz said, we can get paranoid because must see market signal everytime.

Day trading is not for specific kind of people. Anyone who is determined can do that. It is just a bit tougher and more time demanding than others. Day traders are supposed to keep an eye on changes taking place on hourly basis. This is a bit hectic. This is why it is nor recommended for noob. People who have a good understanding of their asset and some experience in long or short term trading, switch to day trading.

[Darooghe]

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

I also failed, but in a different sense. a couple of years ago for a few months I 'day traded' before work and actually made about $3000 for the year after all expenses. When I went back and calculated it, if I had simply held the stocks for that time period, I would have made about triple that because of trading fees and missed gains when I wasn't holding the stock. The market was simply on an upswing at that time and I thought I had figured out the system. Overall it was a great experience. I really learned and understood how and why the market does what it does. It taught me that day trading is not for me, but I got a few longer term strategies out of it that I still use today. Just on a much smaller scale and NOT as my sole source of income.

[DBronze98]

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

not necessarily. because technical analysis is applicable in many financial markets. forex, crypto, stock, ... because all traders have a common mentality and common knowledge, the price action and price behavior always occur quite similarly.
The important thing about winning or losing is your trading strategy. maintaining a calm and relaxed mentality is one of the factors that helps you to succeed.

[Hypnosis00]

And doing a day trade will make paranoid because you need to always check if there is a signal if its going up or down.

No, I don't think it was a paranoid cause that is meant to be and it is a must. The market is so volatile that is why we need to check very often to see if we are hitting the target or not. Being a trader is not easy at first but you can gradually increase your confidence if you already clearly understand the market and the positivity you have in your mind. It is only difficult if you don't know anything, in fact, the most common failures of traders are because of a lack of knowledge.

[cryptoloverlife]

Day trading is really a tough job to understand the market situation because some it is impossible to predict the market quickly. I tried much time to book profit, but suddenly the market start going down, after waiting 2 or 3 weeks again the prices for altcoins starts recovering. So we need to be very patient in day trading.

[wxxyrqa]

In fact, in the cryptocurrency market, no one can be immune from failures.  Nevertheless, many problems can be avoided by adhering to certain rules.  And first of all, the trader and especially the novice must act according to his strategy, which he must carry out step by step. In any case, everyone needs a personal strategy in order to know what to do next.  One way or another, in order to acquire the appropriate skills and get the desired results, you will have to pay a lot of effort, time and money.  It is the lack of strategy that is the beginner’s first mistake.  I don’t even mention the ability to read charts, because without this knowledge one should not even start trading.  No need to be greedy and never use a large starting capital until you reach an appropriate level of professionalism., because in most cases these actions will play a cruel joke with the trader and the loss will be inevitable. But also, each newcomer must learn to use stop loss, which reduces the risk of losing their funds.

[KennyR]

Day trading is really a tough job to understand the market situation because some it is impossible to predict the market quickly. I tried much time to book profit, but suddenly the market start going down, after waiting 2 or 3 weeks again the prices for altcoins starts recovering. So we need to be very patient in day trading.

One who starts to work learning the basics and go for a small investment find day trading to be risk free way of earning. In day trading profits were booked with the small marginal difference in the market price. On this people won't intend to hold with patience. Also day traders mostly risk big funds when there is very small change in the market to book profits.

[Edraket31]

Day trading is really a tough job to understand the market situation because some it is impossible to predict the market quickly. I tried much time to book profit, but suddenly the market start going down, after waiting 2 or 3 weeks again the prices for altcoins starts recovering. So we need to be very patient in day trading.

One who starts to work learning the basics and go for a small investment find day trading to be risk free way of earning. In day trading profits were booked with the small marginal difference in the market price. On this people won't intend to hold with patience. Also day traders mostly risk big funds when there is very small change in the market to book profits.

There is no easy job at all, imagine if you will work in an office job, you need to render 8-12 hours of your day to them, then after that, you have a boss who will check your reports daily, so, if given the chance that I will be an expert in trading, I would choose and prefer this day trading, right now, will just need a lot of experience first before I will finally resigned and focus as day trader.

[Kevondo]

Day trading is really a tough job to understand the market situation because some it is impossible to predict the market quickly. I tried much time to book profit, but suddenly the market start going down, after waiting 2 or 3 weeks again the prices for altcoins starts recovering. So we need to be very patient in day trading.

One who starts to work learning the basics and go for a small investment find day trading to be risk free way of earning. In day trading profits were booked with the small marginal difference in the market price. On this people won't intend to hold with patience. Also day traders mostly risk big funds when there is very small change in the market to book profits.

Day trading is beneficial only if the trader has sound understanding of how stuff works. If he knows the capabilities of his asset and can follow the basic rules of trading, it is not a difficult task to make money through day trading. For big changes, the asset being traded must be a volatile one. The best option for day traders is bitcoin because of the high volatility it shows within a day. Patience is necessary element too.