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Author Topic: What is good amount to start day trading is 100$ enough??  (Read 2759 times)
Bvvvp009 (OP)
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April 19, 2020, 02:51:40 AM
 #61

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.
Thanks for sharing your knowledge,
I will gain some more knowledge and money management then I will go in to trading with small account
Subbir
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April 19, 2020, 03:08:05 AM
 #62

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.
Thanks for sharing your knowledge,
I will gain some more knowledge and money management then I will go in to trading with small account

In the case of long-term trading, the investment is more profitable but within the case of day trading, short trading is best But enough capital is required to trade. i feel it's better to start out at $ 50/100 It reduces the quantity of injury and is straightforward to recover.

DeadCoin
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April 19, 2020, 06:14:27 AM
 #63

To start day trading with a hundred dollars is not bad nor good enough at all. With a hundred dollars as start day trading may give you a smaller profit but losing it in trading the hurt may not be so painful for you. Tough, trading is a risk to take but when you succeed then congratulations to you. Strategic plans are the most important investment when you decide to go in the business like this.
so98nn
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April 19, 2020, 12:03:06 PM
 #64

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.



Even if you get 10k bucks or 10 bucks, it is upto the trader how he uses them! You can come to an end where you will end up loosing all if you are trading with professional manner. Many think that trading is just an easy job, where you put money, buy at low sell at high, but that doesnt work like that. You need huge patience, techniques, right timing and bit of luck to play in well fashioned manner. A professional experienced trader can turn 100 bucks into 100 grand and a person with no experience can do vice versa.

The question is not how much is enough, the question is are you ready to trade with the case scenario I explained above.
Ridwan Fauzi
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April 19, 2020, 12:07:18 PM
 #65

I think bitcoin is the safest way to start trading for some newbies.

As long as you have known the basic knowledge you will never lose all of your money.

At least you can hold first don't set the stop loss when you are trading, just set take profit when every time you trade.

I've been doing it until now, I never sell my bitcoin when I see my prediction went wrong just hold it.

But maybe no with altcoin, when you choose the wrong altcoin especially new altcoin who just listed on the exchange then I'm sure you'll never be able to get your money back, although you try to hold it for a long time.
Latviand
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April 19, 2020, 01:00:12 PM
 #66

For me, even small or large capital in your account, it will not matter. Just RISK MANAGEMENT.

Risk management is really important most especially if you know that the market is very unstable. No matter how huge your asset is still you need to be careful in trading because money is never easy to acquire most especially cryptocurrency. You need to manipulate your coin properly and trade it so that you never lose your money.

That's the problem to those beginner, they are complaining that they always experience huge and small losses in trading. Beginners should experience that kind of conflict so that they learn how to improve their trading and learn from their mistakes. People aren't perfect and you need to improve in order to become good at something.

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.

Having some strategies based on the market is really effective and will help you in stop loss. You know that trading is somewhat the same in gambling, they are both risky. The difference between them is that in trading, you have complete control and manipulation in your money so the outcome depends on the market and your strategy.
coinfinger
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April 19, 2020, 04:40:03 PM
 #67

To start day trading with a hundred dollars is not bad nor good enough at all. With a hundred dollars as start day trading may give you a smaller profit but losing it in trading the hurt may not be so painful for you. Tough, trading is a risk to take but when you succeed then congratulations to you. Strategic plans are the most important investment when you decide to go in the business like this.
Yes, I agree that $100 may not be enough and may be a right capital to start with. It is always a good practice to start trading with possible least capital amount. Because, it will help not to be trading under pressure for the reason of being panic about losing big. Day trading is known for all its huge risks of losing all the capital with the blink of eye. So, I also feel $100 must be a good capital for a beginner to start with.

Moreover, personally I never recommend anyone to get into day trading and instead of that, I just recommend always about buy and holding. Because when we are having an easiest method to make more profits out of cryptos, why should we go for the risky method of trading?
FlamingFingers
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April 19, 2020, 05:51:05 PM
 #68

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 are some things you need to know before you trade,  you don't just jump into trading,  perhaps in any business in life you've got to understand the concept firstly,  and I hope you are not trading on leverage bitcoin and some other altcoins,  and most importantly don't follow lots of telegram signal groups, majority of them are scam with calls that they cannot trade,  learn TA and FA,  then you are one step ahead of not loosing your funds

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pixie85
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April 19, 2020, 09:58:19 PM
 #69

OP if you lost 100 many times than you're doing something wrong. It's not about the money that you're investing but the way you're doing it.
You're probably overleveraging your trades and losing everything.

Keep on trading small amounts of money until you can make a profit.

Don't jump to big investments like 10 thousand dollars and more until you learn to trade and make 200 out of your 100.
SacriFries11
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April 19, 2020, 11:47:51 PM
 #70

To start day trading with a hundred dollars is not bad nor good enough at all. With a hundred dollars as start day trading may give you a smaller profit but losing it in trading the hurt may not be so painful for you. Tough, trading is a risk to take but when you succeed then congratulations to you. Strategic plans are the most important investment when you decide to go in the business like this.
Yeah,. everything counts even it's small and it's about how you will start in trading. If he lose it's okay but he should learned for that experience and everything is always about winning sometimes it's about losing with learning. Some traders start with fundamental analysis to determine the market situation in specific coin then support with technical analysis to be exact when this they entry and exit points.

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arthurbarajas
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April 20, 2020, 03:06:23 AM
 #71

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.

$ 100 is more than enough to start trading, it is true that the greater the money used to trade the more profit that can be obtained, but with large capital also has a great risk of loss too
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April 20, 2020, 08:41:25 PM
 #72

The topic here shouldn't be about how much you can invest into bitcoin to start trading, but the fact that dude basically lost close to a thousand dollars and still wants to invest, maybe we should focus on why you lost to begin with and not how much you should start to reinvest.

First of all I have never seen someone who lost all their money in bitcoin, I have seen people who lost a lot, hell I have seen people who bought at 20k and sold at 5k losing almost third quarters of their investment, yet never seen anyone who have lost all of their money. On top of that I also never really seen anyone who got back up and get in this many times when it is obvious that whatever they are doing doesn't really work. I would say forget about the amount but focus on what you are doing that makes you lose money.

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April 20, 2020, 10:15:06 PM
 #73

The topic here shouldn't be about how much you can invest into bitcoin to start trading, but the fact that dude basically lost close to a thousand dollars and still wants to invest, maybe we should focus on why you lost to begin with and not how much you should start to reinvest.

First of all I have never seen someone who lost all their money in bitcoin, I have seen people who lost a lot, hell I have seen people who bought at 20k and sold at 5k losing almost third quarters of their investment, yet never seen anyone who have lost all of their money. On top of that I also never really seen anyone who got back up and get in this many times when it is obvious that whatever they are doing doesn't really work. I would say forget about the amount but focus on what you are doing that makes you lose money.
One of the possible reason that I can think of is maybe OP is too impatient when trading. This is the usual concept of most traders who got lost so easily even if you say they have done this a lot already before. Whatever you may advice to someone that is good for them doesn't matter if they don't have a self discipline to completely control their emotions instead of going all out just because you can't wait the next turn. This is just my two cents for those who doesn't have a self control.

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April 20, 2020, 10:28:17 PM
 #74

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.


That is enough for you to use in learning how to trade and familiarizing strategy. But if you actually aiming for gaining more profits, that is really small and you can't expect that to grow either. Make it x10 (that is $1000), I believe you are making it different and you can fulfill your trading life as you want to be.

more capital = more possible gain

But of higher risk by then. Think wisely and please don't fall into too much excitement because that makes you fail.
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April 20, 2020, 10:38:59 PM
 #75

The topic here shouldn't be about how much you can invest into bitcoin to start trading, but the fact that dude basically lost close to a thousand dollars and still wants to invest, maybe we should focus on why you lost to begin with and not how much you should start to reinvest.

First of all I have never seen someone who lost all their money in bitcoin, I have seen people who lost a lot, hell I have seen people who bought at 20k and sold at 5k losing almost third quarters of their investment, yet never seen anyone who have lost all of their money. On top of that I also never really seen anyone who got back up and get in this many times when it is obvious that whatever they are doing doesn't really work. I would say forget about the amount but focus on what you are doing that makes you lose money.

This should be the one he is contemplating with not the amount. If he knows the reason why he is losing, at least the next time around, he will change his strategies and maybe change the course also of his trading results. Whatever amount he will put, he will lose it all if he will not get the root cause of why he is always losing. There is no such thing as good amount in trading, whatever amount you can afford is already good. Because in crypto trading, invest what you can afford to lose because of the high risk involved.
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April 22, 2020, 03:57:24 PM
 #76

How many times one can loose all his trading accounts before really start trading and earn.

There are no specific number for that. And there is no such a thing that you lose 5 times your capital and then you are ready for real trading. What are you doing last 5 times then Huh You'll always lose your money if you don't start to learn from your previous mistakes. And according to your statement why you choose day trade for first learner. Shocked It's quite risky for newbie traders. I will recommend you to start as a swing trader or long term trader. And there is no limitation for starting crypto trade which is the best thing in this platform.

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April 22, 2020, 09:27:55 PM
 #77

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 no amount of time to lose your accounts before you get up. Many achievers today made many mistakes and trier both in governance, economics, technology etc.
My point is passion. If you have passion you will continue until you success because success is around in difficult time.

As for amount of account, the difference is just management of the account in risk taking.
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April 23, 2020, 05:06:08 PM
 #78

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.


All exchange has minimum transaction amount, if you overcome this amount than you can trade. Minimum transaction amount is below 1 USD in all exchange. Start to trade means you are ready to learn market situation. If you have 100 USD, invest in 10 altcoins. For very low investment, don't take any top coin.
Before start trading I lose several times and last year my big losses was almost 500 USD.
$100 is huge enough for me to start trading, exchanges has a lower minimum limit than that so it means you can deposit it to any exchange anytime. If you are going to day trade, make sure that you already decided to lose that $100 in just a matter of an hour or a day especially when you are trading future contracts there is a possibility that you could lose that amount in just an hour. I advice to follow some guides in trading , any type of trading you want. You can find it most in youtube so you'll have visuals to follow through.
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April 23, 2020, 06:25:47 PM
 #79

To start day trading can be with a capital of $ 100. That's a pretty big capital, actually to make profit in the day trading the most important
thing is not capital. But our ability to choose coins and read the market. It's useless to have big capital but don't have it the ability to choose
good coins and can't read price movements in the market. If you don't have it, you will continue incur losses when trading.

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April 23, 2020, 10:22:20 PM
 #80

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.


More than 5 times if you continue to trade without the right knowledge. It doesn’t matter how much is the amount of your capital as long as you know how to trade then you can make money. If you are losing 5 times in a row then better to reset yourself and think if you can really handle the risk of trading, rate yourself in trading and if you think you’re not that good, keep learning.

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