Bvvvp009 (OP)
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April 12, 2020, 12:33:49 PM |
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How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$) And one little big account (400$) in trading.
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Coyster
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April 12, 2020, 01:10:54 PM Last edit: April 12, 2020, 01:30:45 PM by Coyster |
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How many times one can loose all his trading accounts before really start trading and earn.
You can possibly even lose every single time and never earn. If you are a beginner, losing so much can mean you should take a break and learn more, that is probably what's needed for you to start earning, it's a winning strategy that is proven to work. And to answer your question in the OP, "invest only what you can afford to lose".
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GreatArkansas
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April 12, 2020, 01:20:52 PM |
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For me, even small or large capital in your account, it will not matter. Just RISK MANAGEMENT.
Since, it will also depend on the amount allocated for every position you will enter. Like 10% of total account balance, or 20% or less/greater than. You need risk management, you need to plan and stick with it, your target or stop loss.
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sujonali1819
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April 12, 2020, 01:25:35 PM |
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No, In short words 100$ is not enough to start day trade. Again you can start by this amount but you can not earn profit from it except lose. Suppose you start the trade with 100$, how much you want to get profit from it? Basically, for a day trade, we should not expect more than 1-2% per day. So for 100$ 1-2$ per day is enough for you? and you have to mind that there is an exchange fee in this profit. And you can not win every day, sometimes you will lose more than profit. Thus you can lose all of your capital.
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wozzek23
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April 12, 2020, 01:39:05 PM |
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How many times one can loose all his trading accounts before really start trading and earn.
It may be even in 100s if you are not ready to find out what you exactly missing which lead to big losses. I mean you must take time to find out what are the reasons which pushes you to lose your trading account. It will be as simple as anything else because you just need knowledge on how to maximize your profits and how to minimize your risk levels. Just watching YouTube videos will be more helpful for you to become a successful crypto trader. I have lost 5 times some small accounts (less than 100$) And one little big account (400$) in trading.
Please do not open another trading account until you gain enough knowledge by trading with paper-and-pencil or in demo accounts. Just keep investing without identifying the actual problem will lead you to be bankrupted. Do not let things go on its own; control it and move it as prescribed by professional traders.
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Wexnident
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April 12, 2020, 01:45:33 PM |
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There really isn't an answer to the question "how many". If you're trading quite blindly, it's possible to lose every time you trade, but it's also possible to win every time you trade. Since you've experienced trading, you should know what are the reasons you lost right? Starting from the wrong market movement/prediction that you thought of, try moving your mindset from there. Additionally, there isn't any trader that doesn't suffer any losses, but they can minimize the losses they get. That's probably the best end result they can achieve if they lose money.
As for the amount, $100 seems to be quite enough imo, just that don't expect any big profits to suddenly come in. Day trading doesn't really give out big profits since you take advantage of the minimal changes that happen in the market.
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OasisDre
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April 12, 2020, 01:51:12 PM |
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You don't have to have 100$ before you can start trading, some platforms accept ten dollars as minimum deposits but crypto exchanges accepts any small deposit and you can jump into trading right away
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thesmallgod
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April 12, 2020, 03:28:44 PM |
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You don't have to have 100$ before you can start trading, some platforms accept ten dollars as minimum deposits but crypto exchanges accepts any small deposit and you can jump into trading right away
I think the Op is not just talking about trading for fun but interested in knowing a reasonable amount you can have to make good gain and according to what he posted, He needs to learn how to minimize and manage risk because no matter how much he is starting with, he might end up losing everything. However, starting trading with $10 is not quiet a reasonable amount for me.
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ryzaadit
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April 12, 2020, 03:42:44 PM |
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[1]How many times one can loose all his trading accounts [2]before really start trading and earn.
[1] Can't really predict this. All depend on the knowledge and resource of each individual. [2] You cant determine someone can start earning/trading based on "how much he loosing" went doing a trade. All factor like, Management Money, Trading Analysis, Fundamental Analysis, Psycology and etc, what makes them can really ready to earn by doing trade.
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noorman0
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April 12, 2020, 03:57:30 PM |
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Crypto has a higher volatility than fiat, and I say it's enough to make you profit 1 to 10% or more (if fundamental factors dominate) and vice versa. What's important is how accurate you have market analysis. But having a daily average profit target is very much needed, and I agree more with this statement. Basically, for a day trade, we should not expect more than 1-2% per day.
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Ryker1
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April 12, 2020, 04:23:27 PM |
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[snip] I have lost 5 times some small accounts (less than 100$) And one little big account (400$) in trading.
Well, if you have been lost 5 times successively perhaps you are not yet ready to gamble your money in trading. Even though how big or small if you have a lack of knowledge it will keep losing until your pocket becomes empty. There is nothing to hurry in trading, spend more time doing research. I am not a good crypto trader but I won't rely only on my technical analysis, --sometime your emotions will drag you down if you follow on it. Indeed, a good suggestion if you combined your references. Correct resources and updates are very helpful and the most important are skills and knowledge.
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ReiMomo
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April 12, 2020, 04:40:36 PM |
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I don't know if $100 is enough for you to start in trading but for me, that is not enough. First, the transaction fee you need to pay for that and a small amount of $100 will hardly recover from those fees when you are in trading. $700-$1k is a must in trading, you can choose different pairs of a coin to trade. But managing risk will depend even on how small amount is that.
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spike420211
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April 12, 2020, 04:42:39 PM |
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Your question does not match the name of the topic you created. The important thing is not how much money you lost, because you can lose in one minute. The important thing is how much time you spent studying and practicing. The more the higher the likelihood that you will trade profitably despite losses. Any amount is sufficient if you use the calculation of the deposit as a percentage.
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Quidat
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April 12, 2020, 05:21:37 PM |
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How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$) And one little big account (400$) in trading.
You can lose as much you can specially when you are just starting up.Losing is inevitable even how pro you are,you're still prone to it but the difference between a noob and a skilled one is that even in spite of the losses those experienced ones would able to suppress out the risk and making themselves profitable in the end of the day. Dont rush up too much to be profitable because trading cant be learned overnight.You wont know on how much you would lost overall before you do able to get yourself profitable.
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Findingnemo
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April 12, 2020, 05:30:16 PM |
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How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$) And one little big account (400$) in trading.
If you have the stop loss option for 5% then you can lose it 20 times, if it is 10% then it is going to be 10 times. But the capital $100 is really good to start with not for profit-making it is enough for learning purpose,once you started to make money then you can move to huge capital which is affordable for you to lose.
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tvplus006
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Activity: 2408
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Exchange 250+ Coins With 0% Fees
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April 13, 2020, 12:48:33 PM |
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I have lost 5 times some small accounts (less than 100$) And one little big account (400$) in trading.
It is obvious that you have lost your Deposit using margin trading. And you need to start working on the spot market. This is necessary so that you can correctly assess the direction of the market movement. But even if you make a mistake, you just need to wait until the price returns to the level when it becomes profitable.
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Pffrt
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April 13, 2020, 02:00:18 PM |
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For a starter, I think it's a good balance to start trading and learning the market step by step. If you take some serious steps, you will not lose the total amount but there are a lot of project which may get obsolete at any point specially projects in yobit. Anyway, I would say it's a good start. If you can learn the basic, you can make it higher.
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Bvvvp009 (OP)
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April 13, 2020, 02:53:50 PM |
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For a starter, I think it's a good balance to start trading and learning the market step by step. If you take some serious steps, you will not lose the total amount but there are a lot of project which may get obsolete at any point specially projects in yobit. Anyway, I would say it's a good start. If you can learn the basic, you can make it higher.
thanks for ther suggestions,its really frustrating when iloose an account,i am learning new patterns and applying them on market may be my risk management is worst.
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Bvvvp009 (OP)
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April 13, 2020, 02:57:35 PM |
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How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$) And one little big account (400$) in trading.
If you have the stop loss option for 5% then you can lose it 20 times, if it is 10% then it is going to be 10 times. But the capital $100 is really good to start with not for profit-making it is enough for learning purpose,once you started to make money then you can move to huge capital which is affordable for you to lose. so i really need to learn about managing abot risk.thanks for answer.
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Bvvvp009 (OP)
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April 13, 2020, 03:01:04 PM |
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How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$) And one little big account (400$) in trading.
You can lose as much you can specially when you are just starting up.Losing is inevitable even how pro you are,you're still prone to it but the difference between a noob and a skilled one is that even in spite of the losses those experienced ones would able to suppress out the risk and making themselves profitable in the end of the day. Dont rush up too much to be profitable because trading cant be learned overnight.You wont know on how much you would lost overall before you do able to get yourself profitable. At first i was very optimistic about loosing thought need to learn more about TA,but loosing some trades making me frustrated and made me loose all my accounts ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) may be i need a practice account,for perfecting my knowledge.
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