i failed in day trading

[Danumsigwasan]

Frankly speaking, it’s nothing major to lose in start, as some of the biggest names had torrid beginning, but it’s just from all that experience that one learns and grow into becoming big deal. If we manage that right, it’s a thing that’s enough and this is really where our focus needs to be. We should just continue to get Trading Education and it’s something that will get us through to right direction, it’s just what is needed to succeed.

[dunfida]

If we failed at once, there should be a lessons learned after all. We must correct all those possible situation that leads the situations become redundant. Once you happen to determine the cause, avoiding it was too hard specially when you're usually doing it for good. However, day trading isn't an assurance for us in getting the 100% profit that we aimed because sometimes we need to be a long term holder just to correct all the possibilities that might bring you towards trading failures.

In theory every time you make a mistake you should try your best to try to correct it, by doing this you will slowly improve yourself and your abilities as a trader, but very few people have a precise idea of what they are doing when they are day trading, they do not really have an objective strategy that tells them exactly what to do and when so it is impossible for them to pinpoint their mistakes and if you cannot do that then it is impossible to correct them.

If you want to improve as a trader then the first thing that you need to do is to modify your trading style in such a way that no matter what happens in the market you always know what you will do and once you do this then you can find your mistakes and then correct them.

I'm not sure he can change his trading style because basically he doesn't have an objective strategy like you said, so the point in this issue is an awareness of what he has done, because no matter what strategy is done because when he can realize what has been done carried out then at least he can learn every mistake and be able to correct these mistakes until in the end he has a lot of trading styles that can be applied in day trading to make it more profitable.

Mistakes are the stepping stones of learning and if you dont accept and learn from those things then you would really be stucked up with that trading style.
Always make a room for improvement because trading isnt something that can be attained easily specially when we do talk about profitability.It will always takes
time and lots of trials and errors along the day.Failing for few numbers isnt a valid reason for you to quit but hey its our own choice though since its our own lives and own funds.

[Rebisco]

Day trading is not suitable for everyone. There are many traders who suffer losses because of day trading. I'm an intraday trader and I keep using different trading setups in order to maximize my profit.

[d3nz]

I already tried doing a day trading but it is really hard since you need to focus on the market and checking if there is an new announcement since it will make a changes in market if its good or bad.

And i got REKT doing a day trading but i got more winnings than losing and it will just depends on what token/coin your trading in thr market,

[Questat]

I already tried doing a day trading but it is really hard since you need to focus on the market and checking if there is an new announcement since it will make a changes in market if its good or bad.

And i got REKT doing a day trading but i got more winnings than losing and it will just depends on what token/coin your trading in thr market,

That's why on the total number of traders, only few are really doing day trading, for the reason that its really hard.
However, if you are really competitive and you aim to be successful, you won't give up easily, you will be inspired by the truth that there are people who are making money in day trading, hence that means its possible to be successful.

[ecnalubma]

Day trading involves a lot of headaches your a pro if you can survive this type of daily trading routine. Now that crypto is more complicated than stock market and considering 3 fold of risk. I’m really impressed to people doing it the right way with a minimum loss.

[bitgolden]

Day trading is not suitable for everyone. There are many traders who suffer losses because of day trading. I'm an intraday trader and I keep using different trading setups in order to maximize my profit.

Yes, I agree with you on this because day trading is not really easy, and that does not make anyone who cannot cope with it a dull person or a weak lazy person, trading generally requires a very strong skill, and also has to do with passion, for anyone to really do well in day trading, there passion for trading itself must be a very strong one first, because it is the passion for it that will drive the person to look for more strategies to use.

Secondly, day trading also requires a full concentration and attention, but with the way people look for money from different angle, it becomes difficult for them to really concentrate on one place for them to focus fully on it. For anyone to successfully day trade, the person must have really perfected its practice for some years on short term trade before embarking on day trade.

[NewRanger]

Day trading is not suitable for everyone. There are many traders who suffer losses because of day trading. I'm an intraday trader and I keep using different trading setups in order to maximize my profit.

day trader must have good knowledge in technical analisys.with limited range,price difficult to predicted.and if we didn't understand intraday support and resistance level we will trapped in wrong position.intraday or swing trade maybe has less risk and it has wide range so safe for us.

[bleachX]

In my opinion stock trading and crypto trading are still using the same technique, both still use technical and fundamental analysis techniques. If you want to be a daily trader then what you need to do is to continue to monitor the charts by reading various articles related to coins/stock that you are trading.

[Google+]

I think that makes you fail when trading daily because you are too easily influenced by various issues so that you easily panic and ultimately you only get losses, daily trading should take a little profit and you should be able to see the market situation, if you want get a lot of profit when trading daily the market movement conditions must be crowded and high trading volume.

[coingrowth]

Sometimes it is impossible to make a profit through day trading because of a sudden drop due to the market fluctuation the one happened today, a trader will not make a profit on a daily basis and it will take some time to execute his sell order. Even though we have higher volumes sometimes it will lead to a sudden drop and it will affect a lot to our investment.

[crossabdd]

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

it's easy, but a little difficult. I mean it's easy to make a daily target with a minimum profit. but difficult to do it. take profit of 5% to 10% is good for daily trading. and do not trade with high profit targets. don't use emotions, and stay calm in execution.
But, why are you asking about stock trading here?

[GreenStox]

Daily trading is not as easy as you think, you must have a lot of experience to be able to determine the right time to enter and exit the exchange place, so you better be able to really learn how to trade properly and correctly first.

[Kelvinid]

Sometimes it is impossible to make a profit through day trading because of a sudden drop due to the market fluctuation the one happened today, a trader will not make a profit on a daily basis and it will take some time to execute his sell order. Even though we have higher volumes sometimes it will lead to a sudden drop and it will affect a lot to our investment.

Yes, you are right but what actually makes traders keep on trading even during the hard days because they believe the market and they have trust also with themselves. That's the only thing that drives them to survive the risk the fought every day.

We know it was too difficult to earn a profit every day with the current market condition. This will be able to test ourselves and teaches us how we control our emotions. If we are weak hands, definitely can't make the holds but rather to drop off their coins pretty easy.

[Savemore]

If you failed then try again!  Failing is part of the process, you should trust the process no matter what! I'm a trader and I often to make mistakes and for me it is good because I learned a lot of lessons from my mistakes.

[Meowth05]

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

Day trading is a really difficult job to do due to the fact that  you must have to make an analysis day by day. In my opinion, you should go for a semi long term because not all the times your asset will fluctuate even in crypto. Crypto is somehow better at day trading due to a high rate of volatility so if you are into day trading then go for crypto. Regarding to your loss, just let it happen because this will be learning from you. Loss is the perfect lesson you will learn, you'll gain experience then you will able to handle it in no time.

[Arkann]

I am now beginning to study little by little the possibilities of daily trading and am trying to learn to trade with a minimum amount of funds as starting capital.  I already realized that the main task is to conduct a Technical analysis of the cryptocurrency market in order to identify more suitable coins for daily trading.  One way or another, you need to use the “three-touch rule” to set the prices correctly at which you will need to buy and sell.  Of course, this does not give a 100% guarantee of success, because almost constantly you need to monitor the market and monitor what is happening with your assets.  Of course it is difficult, but real.

[suzanne5223]

Cryptocurrency/stock trading is not for every individual cause the control of one's patience level is very important when the market is experiencing simultaneously dump in price while day trading is mainly for advanced or experienced traders and you cant lack the necessary knowledge to day trade and expect a better result. However, some people are better off been just accumulators/long term traders.

[posi]

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It is very easy to integrade trading bot with the platform.

Firstly, I believe you dont bother to read what the OP said because he was actually asking question about stock not crypto. However, Opening an account on a big or influence exchange doesn't save a crypto trader from failure and neither is the integration trading bot because how the bot work is still determined by the user.
I will advise the OP to understand and create his own strategy of day trading cause the technical analysis cant provides 100% result care it was just to make quest/prediction the market price.

[Genemind]

Don't rely too much on technical analysis. Why do you have to rely your decisions on signals if you could make your own strategy in trading? If you're failing, then try to check whether your strategy is still applicable. Try to do a series of research and just have continuous learning. The market is really unpredictable so you have to deal with the changes and take it as an opportunity to earn by applying the basics of trading which is to buy low and to sell high.