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Author Topic: What is good amount to start day trading is 100$ enough??  (Read 2818 times)
Powermine
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April 27, 2020, 08:30:16 PM
 #101

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 have some echengers were you can play with fake money, if you are new in the traiding you learn a lot with fake money. After you take some experience, you can start with 100 the first week, and try to win 1$ this week. the next week try to win 2$ if you made it the first day, take a break this week. the 3TH week try to win 4$, the 4TH week 8$, and go on.
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April 27, 2020, 09:55:26 PM
 #102

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.

Thinking about loss when entry into the world trading isn't good in my case because, it's like saying something bad to yourself, you should be mindful of your emotions while you come towards trade.  That aside, with the amount above you van start a good time with trade because some exchange even accept up to $20 for a trade, some even take as lower than this. My advise, always put aside your emotions before going to trade because trade need a trader full attention to win.

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April 28, 2020, 05:19:04 AM
 #103

They say it takes 1000 hours to become an expert at a certian subject. Because most exchanges charge a percent per trade, not a flat fee your starting amount doesnt matter.

However $100 will be mostly for practice because if you use proper bankroll managment you will only be trading a fraction of that per trade.

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April 28, 2020, 05:52:35 AM
 #104

There is no basic rule on how many times we have to experience a loss in order to start making a profit in trading.
The most important experience of loss that we experience can be valuable lessons for correcting the mistakes we make.
So we won't repeat it, and starting trading with $ 100 is good enough for beginners. Just do a lot of practices, in the end
we can understand how to generate profits and avoid losses.

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April 28, 2020, 06:33:57 AM
 #105

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've lost $ 400 and $ 100 a few times, so I think you know how to trade with $ 100. So far, I have seen many people who trade under $ 100, and they like it. in trade, this is not only a matter of capital but a matter of strategy. no matter how you start, with a capital of $ 100, you can make it bigger.

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April 28, 2020, 03:20:30 PM
 #106

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.



Day trading is extremely risky, from what you wrote, i doubt you know what it is.
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April 28, 2020, 03:56:00 PM
 #107

maybe you can start with looking volume growth and don't make a panic move like buy and sell in the wrong time.
the first time i lost of trading because that factor.
i mean play safe and just watching signal you trust and make a carefull of choise.
400$ is big for me and when it gone i feel really bad you know, so be carefull guys.

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May 02, 2020, 04:43:41 PM
 #108

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.



Day trading is extremely risky, from what you wrote, i doubt you know what it is.

Now I understand after loosing that much😅
kaneki007
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May 02, 2020, 05:57:33 PM
 #109

I would recommend you to start with less than $100 . Cryptocurrencies is a high risk industry and you can lose your money very fast. Even if you will make a small profit with less than $100 you better stay safe.
I think with 100$ capital to start trading is a standard nominal if have enough money, what I mean is to use the remaining money to add income by trading. Even with small capital, all of them still have a big risk, so before start, understand the risks that occur later because crypto is difficult to predict.

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Rohan Kotkar
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May 02, 2020, 06:07:49 PM
 #110

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 should probably only trade with minimum amount if you are in a loosing streak. Try making a tight money management and only risk not more than 5% of your actual capital on each trade. Also there should be stoploss for each of your trade which might vary from 1% to 3% of your actual 5% risking on one trade.

Also, try trailing stop loss as it would minimize your loss and most of your trades would be with zero risk.

Aspiring entrepreneur.
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May 02, 2020, 08:54:05 PM
 #111

You can continue to lose indefinitely if you don't stop and acquire the prerequisite knowledge. You need to follow and study those who are doing well in this field, what are they doing special, you can also learn from your own mistakes while you always lose the whole capital, does it have anything to do with greediness or lack of knowledge? If you determined to succeed, you remain focus until you get it right

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May 04, 2020, 08:50:42 AM
 #112

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 should probably only trade with minimum amount if you are in a loosing streak. Try making a tight money management and only risk not more than 5% of your actual capital on each trade. Also there should be stoploss for each of your trade which might vary from 1% to 3% of your actual 5% risking on one trade.

Also, try trailing stop loss as it would minimize your loss and most of your trades would be with zero risk.
Of course, the risks are very large and this has to be put up with.  but the result of even an experienced trader is also very much dependent on personal confidence.  someone can overestimate himself, while someone underestimates.  I still practically play trading, but I don’t trade, because I doubt that a large starting capital will bring me a good result.  Please tell me how much, for example, can a trader earn per day if he uses $ 20 coins for day trading, with an excellent choice of coins?

#business #forextrader #bitcoinnews #invest
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May 04, 2020, 06:00:55 PM
 #113

I think you need to take a break and learn more about trading, you really need to or also find someone who can teach and direct you if possible. Most importantly, just like many have pointed out, you also need to manage your risks well as a beginner you are. Lastly, about the amount that is suitable for day trading, it depends on what you can afford and be okay with it, because just as you have noticed there are risks associated with trading but even at that, there are people who are still making profits.

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May 04, 2020, 06:15:00 PM
 #114

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 should probably only trade with minimum amount if you are in a loosing streak. Try making a tight money management and only risk not more than 5% of your actual capital on each trade. Also there should be stoploss for each of your trade which might vary from 1% to 3% of your actual 5% risking on one trade.

Also, try trailing stop loss as it would minimize your loss and most of your trades would be with zero risk.
Of course, the risks are very large and this has to be put up with.  but the result of even an experienced trader is also very much dependent on personal confidence.  someone can overestimate himself, while someone underestimates.  I still practically play trading, but I don’t trade, because I doubt that a large starting capital will bring me a good result.  Please tell me how much, for example, can a trader earn per day if he uses $ 20 coins for day trading, with an excellent choice of coins?
Dosen't matter if you are professional or a beginner but if you have the right skills you can make the most out of trading.
Frankly speaking, I risk not more than $6 on one trade. Now, you are willing to invest $20 only at the initial stage which is really appreciated as what I usually see is most of the people pour thousands of dollars in trading without actually having the skills. They might not even know how the chart works.

You can even earn 100% daily for a smaller sum of $20 it you choose proper leverage & appropriate risk & money management.

Even I've lost a huge sum. (It might not be huge for most but for me it was the biggest loss I ever faced in my lifetime). But it taught me a lot of things which made me earn a decent amount if practised with a tight risk management.

I'll honestly suggest you to educate yourself first and than find a way to enter trading. Trading would give you ample of profits but never forget where there are huge profits also comes huge loss. Your profit is someone's loss & vice versa.

Aspiring entrepreneur.
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May 04, 2020, 06:56:20 PM
 #115

For a person confident enough in their trading skills even starting with $50 would be enough since the matter about gaining profit is knowing when to buy and or sell. These are pointers that would often determine your moves as a trader, but of course, it takes a long time and a lot of experience to develop an eye for these trends as these are not always obvious, or even if they seem obvious they might not be necessarily real. So knowing your game, is all what trading is about which unfortunately comes on the back of having lost a lot while learning.





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May 04, 2020, 10:17:11 PM
 #116

For a person confident enough in their trading skills even starting with $50 would be enough since the matter about gaining profit is knowing when to buy and or sell. These are pointers that would often determine your moves as a trader, but of course, it takes a long time and a lot of experience to develop an eye for these trends as these are not always obvious, or even if they seem obvious they might not be necessarily real. So knowing your game, is all what trading is about which unfortunately comes on the back of having lost a lot while learning.

exactly. I myself don't think there's anything like good amount because there's no standard . The choice depends on your pocket. Fact remains that huge money attracts huge profits but so is the loss too. So the most important thing is your technical know how and I will actually prefer to start small and grow into something big as my experience increases

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May 05, 2020, 10:02:24 AM
 #117

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 it is hard for beginners to earn money in trading. 100$ is high for me to start to trade. You better decrease it, just practice with a small amount like 30$ until you learn how to make profit then you can start with big amount. Just don't give up you will succeed.
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May 05, 2020, 10:36:53 AM
 #118

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 it is hard for beginners to earn money in trading. 100$ is high for me to start to trade. You better decrease it, just practice with a small amount like 30$ until you learn how to make profit then you can start with big amount. Just don't give up you will succeed.
It will be hard for beginners to earn money through trading only if he don't have the in-depth knowledge of crypto trading which i believe was the case of the OP due to the previous lost he experienced and i will advice him to know the basic principles of crypto trading before he start again. However, this current market is good for crypto trading beginners.

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May 05, 2020, 10:56:31 AM
 #119

I wonder hoe much money have you loosed before get succeed in trades? Imo, $100 is to much for daily trading. You should take as much money as you are ready to loose, then you won't leave the idea of further learning for the next day.
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May 05, 2020, 11:16:50 AM
 #120

I wonder hoe much money have you loosed before get succeed in trades? Imo, $100 is to much for daily trading. You should take as much money as you are ready to loose, then you won't leave the idea of further learning for the next day.

But I guess this depends on how he is using that $100.

Maybe he is not investing that $100 into one, maybe he is doing it with other cryptocurrencies as well making that $100 being invested into 3 or 4 cryptocurrencies, right? I guess you could do that but I agree that as long as you can afford to lose this money. OP said he already lost $100 and $400 so that also means he can afford it.
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