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Author Topic: What is good amount to start day trading is 100$ enough??  (Read 2759 times)
Oasisman
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April 14, 2020, 09:37:17 PM
 #41

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.

Well, that purely depends on how well do you take notes and be cautious of the areas of trading where you usually fail to execute your trades and analyze the charts.
Day trading bears more risks than short trading and long term trading, so it would expected that you might lose a lot of money before you can actually have satisfying profit.  $100 is too little. If you're not aware, even those experienced traders in cryptocurrency are susceptible to lossing big trades, though there might be another options like stop loss to prevent you from lossing too much.
Nevertheless, day trading really requires high risk tolerance.
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April 14, 2020, 11:13:29 PM
 #42

There are no exact rules of capital used to start day trading, because everyone has different financial abilities. Most importantly used
money that we can afford to lose, to start day trading with $ 100 is not a problem. And if it happens losses when day trading like you
experience it is normal that happens to all traders, even myself several times suffered losses. That will be a valuable lesson in order to
find the mistakes we make and not will repeat it again, in the end we can produce the profit we want.

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April 14, 2020, 11:26:06 PM
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 #43

Please do not open another trading account until you gain enough knowledge by trading with paper-and-pencil or in demo accounts.
That's probably the best advice anyone could give OP, though I'm wondering if he's mistaking trading with gambling.  I'm not sure how you could lose your entire starting amount (if that's what he's saying) if you're simply trading altcoin, or even just bitcoin.  You might lose money, but unless you're trading on margin you shouldn't lose everything.

As to whether $100 is a good amount, that depends on how much that means to you and whether you can afford to lose it.  If $100 can buy you food for a few months and you've got a track record of crappy trades, I wouldn't advise it.  But if you're living in a country like the US where that amount doesn't buy you much anymore--and you wouldn't flinch if you lost it all--then I'd say go for it.  You probably won't make a lot of profit, but you'll get some experience and it'll probably be fun.

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April 15, 2020, 09:48:59 AM
 #44

Please do not open another trading account until you gain enough knowledge by trading with paper-and-pencil or in demo accounts.
That's probably the best advice anyone could give OP, though I'm wondering if he's mistaking trading with gambling.  I'm not sure how you could lose your entire starting amount (if that's what he's saying) if you're simply trading altcoin, or even just bitcoin.  You might lose money, but unless you're trading on margin you shouldn't lose everything.

As to whether $100 is a good amount, that depends on how much that means to you and whether you can afford to lose it.  If $100 can buy you food for a few months and you've got a track record of crappy trades, I wouldn't advise it.  But if you're living in a country like the US where that amount doesn't buy you much anymore--and you wouldn't flinch if you lost it all--then I'd say go for it.  You probably won't make a lot of profit, but you'll get some experience and it'll probably be fun.
$100 would really differ yet we know that we do live on different countries with different status when it comes to the way of living or standards.I would definitely say the same advice which its better to start up with minimal amounts that you wont regret in case you have lost it while you do start up trading.I've seen there were even noobs that do directly make use of huge amounts without even thinking or considering on what are the risk ahead. $100 is enough for most 3rd world countries and i highly believe that this amount is already that big or even a 1 month salary.

Committing mistakes cant be avoided but we know that things can be handled out as we do gain experience.We just dont think up that there's a shortcut way on doing this.

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April 15, 2020, 11:31:49 AM
 #45

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.


Depends on your capability to learn and absorb mate.
we have so many trying hard to be a trader here and in the end losses everything because they are caring away of their greediness.
to become a trader you must learn to separate your emotions to your desire,the more you Push to profit the more endangering your trading career.
try to keep the patience and to control your self .

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April 15, 2020, 03:15:21 PM
 #46

If you are having loss, that means you definitely have problems somewhere, and secondly trading is not about winning all through and when losing you count your loss and not letting it over come the winning. I will advice you still go back and have some studies over trading.

Thanks for suggestion,i will learn more about trading Smiley
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April 15, 2020, 04:24:16 PM
 #47

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 seem confused, you ask if $100 was good enough to start trading in the topic title while your OP seems to be pointing to a different thing all together. Concerning the question asked via the topic title, although such questions has been asked multiple times, I get why the question keep resurfacing. It isn't about what you have as capital when it comes to trading although capital plays a roles in recording higher profits.

Been profitable as a trader goes beyond how much you have to start trading but has everything to do with the skills you have been able to perfect from your experience trading and other attributes that'll be needed in difficult situation to put your emotions under control.

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April 15, 2020, 05:32:55 PM
 #48

Honestly, if you keep losing every single time you go into trading, maybe you are not really doing trading properly? Normally, if you are smart enough you shouldn't lose all your money, you should be losing some during bad days, that is understandable because people lose money during bad days however when you go all in with 100 dollars, the most you can lose should be 30-50% of what you get in and not ALL your money, there is not many coins that loses 100% of all their worth, maybe some small ones. Another way you can lose is leverage and you may get liquidated but if you are new you shouldn't do that at all.

Basically if you go in with 100 dollars, you can't really make too much profit but you shouldn't be losing too much neither, it should be moving very small like 10-20 bucks up or down.

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April 15, 2020, 06:10:30 PM
 #49

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.
There is nowhere it's written that everyone must be a trader lol. If trading is not working out for you, don't you think it's time you take a break from it and focus on other things? Or maybe you can take time out and use it to learn more about trading. It's not an easy thing, it requires a lot of learning.

There are more that you will have to learn to get better in trading, and technical analysis is one of the things that you will have to learn. And sometimes it just doesn't work, there are times you will study the price using T.A, but at the end you will still be disappointed. My advice is that you should take a break and first of all learn it and after learning, you can go back and give it a short again and if it doesn't work, then it's time to quit.
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April 16, 2020, 02:06:01 AM
 #50

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.
There is nowhere it's written that everyone must be a trader lol. If trading is not working out for you, don't you think it's time you take a break from it and focus on other things? Or maybe you can take time out and use it to learn more about trading. It's not an easy thing, it requires a lot of learning.

There are more that you will have to learn to get better in trading, and technical analysis is one of the things that you will have to learn. And sometimes it just doesn't work, there are times you will study the price using T.A, but at the end you will still be disappointed. My advice is that you should take a break and first of all learn it and after learning, you can go back and give it a short again and if it doesn't work, then it's time to quit.
Break is not what we need, we should focus on learning for us to have consistency in the market. $100 is good to start trading but we should make sure that we can protect with our knowledge. Newbies are mostly losing in trading because they do gambling and not trading, what I mean is they are putting money and they do not know what they are doing and they are simply doing gambling. If we lose in trading, that's fine as long as we get experiences and we know our limitations.

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April 16, 2020, 02:48:02 AM
 #51

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.


As a newbie, don't start trading that easily learn the basics first so you can avoid losing too much money in your trial and error while trading. Though experience is not that bad teacher but it will be good if you have some basics of trading before you will take your journey in trading so you can enjoy trading while earning.

Any amount is a good start but as a newbie, it will be good if you will try as low as possible so it will not hurt that much if you in case loss it. Trading is pretty hard if you have no knowledge to it that is why many are doing their research first before they start. Like what exchange to use, tools to use and etc. especially that you are targeting a daily trading which is very difficult if you don't have enough resources.

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April 16, 2020, 04:27:34 PM
 #52

Any amount can be enough and no amount may not be enough so its like double edged sword, you can make huge from little investment or can lose huge capital in no time so the capital amount is not really important for a day trader it should be technical analysis and decision making abilities so they can make money from what they have according to their market condition.
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April 17, 2020, 04:48:15 PM
 #53

I understand that this issue is aimed at finding out how much money you need to spend on cryptocurrency, so that when trading a particular coin, you can receive an income of $ 100 daily.  I think that, first of all, it all depends on which cryptocurrency a trader will choose for daily trading.  For this, it is necessary to conduct a mandatory analysis of the coin and its behavior on the entire cryptocurrency market, as well as on a particular cryptocurrency exchange.  You need to choose the best exchange with large volumes of coin trading, and also set the strategy for scalping correctly.  I think that these indicators are much more important than the total amount of capital for a specific profit.

#business #forextrader #bitcoinnews #invest
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April 17, 2020, 11:02:11 PM
 #54

Basically it doesnt mather if you trade with 10$ or 1000$, its about the % gains that you make.
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April 18, 2020, 03:30:32 AM
 #55

if you are aggressive in the field of trading 100$ is not enough to invest, actually you make it 300$ to raise huge funds and you should keep the 20% amount for your emergency funds, however, you need to educate yourself for a better way to deserve and learn the advantage and disadvantage on day trading platform to gain more.

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April 18, 2020, 07:10:43 AM
 #56

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.


wow, it is a pretty big amount. I believe that after having burned your account many times, you have got yourself a new trading system. so you should use the next $ 100 to trade at snapex, which is one of the exchanges with the biggest bonuses and you can withdraw straight to your wallet. After trading and get 10000 snap points, you will receive 100 USDT. a reward and hope it can help you recover your previous loss.

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April 18, 2020, 01:43:48 PM
 #57

Losing money is normal and better once you lose you do something knew that can avoid that.
A capital of $100 is good but if the coin you purchase is the low value only because with that amount if you buy a coin at high you will get small amount of profit because even the coin turn into very high you do not have even 1 piece of the coin so your money not earn big even the times 2.
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April 18, 2020, 02:57:01 PM
Last edit: April 18, 2020, 03:19:14 PM by adzino
 #58

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.
How many times? - You will never know. If people ended up "making" no loss at all after few tries, then we would be seeing lots of  rich people right now. Trading does not mean that you will be making guaranteed profit. All you can do is reduce your losses, when you see that you might make some loss by managing things properly.
If you are not being able to make profit after several tries, then I guess you are doing something wrong. Try to find out your mistakes and fix them before you go bankrupt!

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April 18, 2020, 10:52:29 PM
 #59

Losing money is normal and better once you lose you do something knew that can avoid that.
A capital of $100 is good but if the coin you purchase is the low value only because with that amount if you buy a coin at high you will get small amount of profit because even the coin turn into very high you do not have even 1 piece of the coin so your money not earn big even the times 2.
Yeah, it was a normal case scenario but losing it multiple times without doing something to correct it, that is not good at all and seems not a normal thing to happen if we would like to become profitable. Actions should be needed and it should be instant. We can't go far if we let our mistakes beating us and do nothing.

$100 is enough to start learning in trading, we can still make money from it. $1k as a capital is a way to go further and much expect huge gains if we are able to manage perfectly.



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April 19, 2020, 02:48:05 AM
 #60

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.
How many times? - You will never know. If people ended up "making" no loss at all after few tries, then we would be seeing lots of  rich people right now. Trading does not mean that you will be making guaranteed profit. All you can do is reduce your losses, when you see that you might make some loss by managing things properly.
If you are not being able to make profit after several tries, then I guess you are doing something wrong. Try to find out your mistakes and fix them before you go bankrupt!
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.
How many times? - You will never know. If people ended up "making" no loss at all after few tries, then we would be seeing lots of  rich people right now. Trading does not mean that you will be making guaranteed profit. All you can do is reduce your losses, when you see that you might make some loss by managing things properly.
If you are not being able to make profit after several tries, then I guess you are doing something wrong. Try to find out your mistakes and fix them before you go bankrupt!

Yeah Really trying to get my faults and mistakes by staying out of the market and gaining some more knowledge before going in.
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