i failed in day trading

[maydna]

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

Basically, you must know when does the market opens and when does it closes. Buy as soon as the market opens otherwise you won't be able buy it at its best price for that day. Once you've bought stocks at a great price, put it to sell order afterwards with stop loss otherwise you'll end up losing a lot from your capital.

Partly it will going to happen with day trading, you'll end up losing if you didn't have a strong drive on your strategies. All those mentioned ways is always potential for all who want to succeed in trading. But it's unfortunate for someone who couldn't establish a good market, once failure is likely to occur.

As long as we can be careful in any trading type, I guess that we can have a chance to make a profit. And related to his failed, I think he can fix his failed, and even he can recover what he loses. But that will depend on how big his efforts to try to recover and learn to fix the mistake he made before.

But I do not suggest to do day trading for him if he doesn't know deeper in the trading. Day trading will need more skills to search the potential coins or stock to trade, and that will also need time to get the right stock or coin.

[Ridwan Fauzi]

iv'e given up trading mostly because im bad at it :x, i should get back in the saddle though. looks like its about time.

How many trade did you make in one day?

Most trader who given up and decide to get out of it are day trader as far as I know. They make a bunch of entry in one day and use the same strategy in whole their trade and it is not good in my opinion.

Maybe you have to try being weekly trader because it is not really make you confuse. Even, when you got lost and you will make an evalution carefully of it and you will avoid it when you trade again.

Yeah, I think an evalution is most important thing that must be done by all traders. Because in my perspective having a bunch of strategies for a trader is not an important thing. But, they have enough to have one strategy and they overcome it.

[GreatArkansas]

(....)
my question is about stocks not crypto

Basically, you must know when does the market opens and when does it closes. Buy as soon as the market opens otherwise you won't be able buy it at its best price for that day. (....)

Is that really stocks work? For every open of the market, it will always be the lowest price? Because I don't think so, they are still some similar on crypto, still unpredictable.

Also in you said about on every the market opens, what if there are some negative news or event happened on the company before the market opens? Market opens and closes does not really matter about on what you said I think.

[ufaiz50]

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

In stock you need more experience than knowledge. Technical analysis only helps us to understand trends, how trends are moving and where the trend is going, technical analysis cannot tell us 100% of market value, not only does your technical analysis have to understand market setiment, strategy, and experience. In trading you need a lot of time experience of more than 1 month, can not be as easy as it was successful in day trading in a little time after you enter the world of trade, whether crypto, stock, commodity or futures.

[RealMalatesta]

Trading intraday is a very risky business. This is not intended for beginners. Day trading gives very little time for reflection; there you need to make decisions quickly. I would recommend trading within longer periods of time.

It’s not that day trading is that risky but just quite very stressful and you must have a very good strategy before you can think of day trading, the stress of it is even the one tiring for me, because in a day, you don’t know the exact time that the coin will increase so you just have to keep an eye on your trade for long and then wait to be able to get the right time to execute buy order and the right time execute sell order.

The thing with day trading again, is that it is difficult to use analysis, so most trader is just like they do guessing work, because reading charts too takes time and the period the trader is using o study it, the time for placing the order must have come and gone, so a trader that will be able to overcome all these must be very strong enough.

[ChrisPop]

Trading stocks is quite a different game than trading crypto. There you have earning reports, events, company acquisitions, mergers, etc. However technical analysis still applies very much to the equity markets. Just that you need to take into consideration the aspects of that environment like the ones I've mentioned

[tradersparadise]

Day trading is only profitable when traders take it seriously and do their research. If you are failed in day trading don't worry, you can read here about the day trading.

[Questat]

Trading stocks is quite a different game than trading crypto. There you have earning reports, events, company acquisitions, mergers, etc. However technical analysis still applies very much to the equity markets. Just that you need to take into consideration the aspects of that environment like the ones I've mentioned

This is much important to know about TA's and have it in our own cause it definitely we can used it the future especially when you are in trading and in business. Failures will be at its near if we don't have this, but it is not enough for us to stop thinking for a new beginning. And to consider such failures as a learning tool which we are able to guide us along with our trading journey.

It is quite unusual cause some of us just quit after they suffer failure and losses. But if we think for positive and if we are strong enough, it greatly we go far beyond the limit.

[jrrsparkles]

Day trading is only profitable when traders take it seriously and do their research. If you are failed in day trading don't worry, you can read here about the day trading.

Day trading will not work for everyone so losing on it is not a big deal and I feel day trading is quite non profitable in long term when compare to simple holding so one who expect long term profits should avoid day trading.

[Hypnosis00]

Day trading is only profitable when traders take it seriously and do their research. If you are failed in day trading don't worry, you can read here about the day trading.

Day trading will not work for everyone so losing on it is not a big deal and I feel day trading is quite non profitable in long term when compare to simple holding so one who expect long term profits should avoid day trading.

It is a thing need to realize and day trading is not really profitable at this time.
But I don't know how it is effective by spending the whole day in trading for the just sake to earn some few bucks ever day. But it won't cause we need to sleep, we have to spend time also to our family and a lot of distractions may happen. Day trading is not a simple task neither, the risk is high than of casual trading.

[pieppiep]

Trading stocks is quite a different game than trading crypto. There you have earning reports, events, company acquisitions, mergers, etc. However technical analysis still applies very much to the equity markets. Just that you need to take into consideration the aspects of that environment like the ones I've mentioned

Trading stocks will have so many things to analyze, and not all traders can do it with the right. But in the crypto trading, you could only master one or two analysis, and you're good to go. But it is better to learn another lesson of trading so you can improve your skills and of course, that will be a help for you to determine the right time to trade.

Once I try to visit the trading stock website, and I found that it's too complicated for me, so I try to learn some lesson of trading stock. But then, I feel that I cannot get the point of the lesson and I am back to the crypto trading because that will be easy than the trading stock. If you cannot get the right information in the trading stock, you should stay away from the day trading in stock because that will make you confusing to decide.

[futureofeth]

Day trading is only profitable when traders take it seriously and do their research. If you are failed in day trading don't worry, you can read here about the day trading.

Through reading, we might get knowledge about the trading, but without analyzing skills and practical skills it is impossible to make profits. For a day trading, we need to have skills and we have to take risks otherwise it is impossible to make profits.

[davinchi]

Day trading is only profitable when traders take it seriously and do their research. If you are failed in day trading don't worry, you can read here about the day trading.

Day trading will not work for everyone so losing on it is not a big deal and I feel day trading is quite non profitable in long term when compare to simple holding so one who expect long term profits should avoid day trading.

It all depends on our level of exposure and our knowledge about the trading, there are some of my friends that are experts when it comes to day trading while I am still learning beside them, and simple me would rather prefer to hold my coin for a long term and expecting profit, but since I have been holding most of the coins I have had including bitcoin, many of friends has already made lots of money trading in bitcoin and earning their little every day, but I can’t blame myself, trading is not just my thing, not to talk of day trading.

I am still trying to learn anyway, I am using the period I am using in holding my coins to actually learn how to trade too using some of the demo platforms and I hope that one day I will be able to trade like my friends.

[Yatsan]

Trading intraday is a very risky business. This is not intended for beginners. Day trading gives very little time for reflection; there you need to make decisions quickly. I would recommend trading within longer periods of time.

Well I myself dont want to commit with day trading as I find it very difficult. It requires added time than I most spend with my lifestyle with cryptocurrency. Day trading also gives you more idea how the market moves every time in every moment while you monitor it. The fact that day trading is hard it should be not a thing on low capital trader or beginners.

[cryptoknightt]

if you fail to do daily trading then you can implement long-term trading, there are many trading methods so you can choose besides doing daily trading, the key to trading is patience, when you can control the patience you have then you will get many benefits.

[slashz9]

i think trying daily trading for stock market is a bit hard, we know price movement for stock and crypto totally different.
so if you think you think daily trading work on crypto, maybe that not work on stock, stock is more likely stable.
maybe you should extend duration to a week, or month or maybe longterm

[WickCrypto]

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

You need to realize that it's a bit like starting your own business. "Many months" is still just the beginning. Nobody is able to start a super profitable business from the beginning. You have to fail many times before you can be successful.

And then when you finally think you're successful, you will get overconfident and lose almost all on a big market crash. But that's okay, because THAT is how you become a good trader. You need experience, you need to see bear markets and you need to see bull markets.

If you have been trading over the last few months, don't worry. The market has been in a super bad shape [1], trading now is an excellent school. You should hang in there and see how you do in the first bull market.

[1]:

[Zemomtum]

You cannot do away with crypto trading when you are talking about stock. Crypto affect stock a lot for now as money is being moved to and fro of the two. With your technical background, you need to be well-grounded with what is happening in the crypto space to know the time when to pause, continue or quit.

[jrrsparkles]

Day trading is only profitable when traders take it seriously and do their research. If you are failed in day trading don't worry, you can read here about the day trading.

Day trading will not work for everyone so losing on it is not a big deal and I feel day trading is quite non profitable in long term when compare to simple holding so one who expect long term profits should avoid day trading.

It all depends on our level of exposure and our knowledge about the trading, there are some of my friends that are experts when it comes to day trading while I am still learning beside them, and simple me would rather prefer to hold my coin for a long term and expecting profit, but since I have been holding most of the coins I have had including bitcoin, many of friends has already made lots of money trading in bitcoin and earning their little every day, but I can’t blame myself, trading is not just my thing, not to talk of day trading.

I am still trying to learn anyway, I am using the period I am using in holding my coins to actually learn how to trade too using some of the demo platforms and I hope that one day I will be able to trade like my friends.

Day trading will be helpful in short term but when we start to realize its long term benefits it doesn't work the risk we did for all those days so that simple holding is way better than any other trading method.

But if we fail in day trading it won't take much time to lose our life savings to the market that is why its good thing to stop doing day trading.

[EdenHazard]

You cannot do away with crypto trading when you are talking about stock. Crypto affect stock a lot for now as money is being moved to and fro of the two. With your technical background, you need to be well-grounded with what is happening in the crypto space to know the time when to pause, continue or quit.

Couldn't agree more, your technical analysis might missing something,  some formulas like ... you didn't combine it with the fundamentals.

Still it's a tough work for everyone who looking for a steady profit daily , at some point you will have to accept the losses due sometimes the downtrend last for long time and you'll never get your profit everyday, you should aware about this.

That's why you feel failed,  keep doing that but you need to expect nothing but a long term profit accumulated instead expecting a repeated profit daily , it would only make you stressed out.