pankowri
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September 30, 2020, 04:54:56 PM |
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So there are many comments you have got already. In my opinion with two years of experience, I can say this is not enough for a day trading because profit will hardly be seen from this small amount. Like you will get 3-5% profit by investing $100, the equivalent amount of max 5% is 5$. I think it is not enough for you. If you consider that amount, then you can go for it. Otherwise, you need more money to start with.
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nista
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September 30, 2020, 04:58:39 PM |
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Don't invest more than you can afford to lose. With this in mind, invest as much as you like.
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hahay
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September 30, 2020, 05:13:18 PM |
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I guess it depends on what coin you will start day trading with but at least $100 is good enough if you have a good plan to do so. Because, no matter how much capital you have if you only buy trends, I'm sure you will still lose. So, I think whatever initial capital you have it will basically be good if you can adjust in choosing what coins have the opportunity to give you a quick profit because day trading is looking for quick profits and not holding for a long time.
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Kong Hey Pakboy
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October 01, 2020, 07:17:30 AM |
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Just don't follow this bad advice, "invest only what you can afford" because you are treating investment is like gambling that you are willing to lose the money that you invested. I know investing your money is a risk, but you shouldn't let all of your money lose. I think if OP would like to start a day trading, a 100$ is enough because it is also the same amount that I started from trading in cryptocurrencies, and he can be able to gain profit from that kind of amount, as long he is willing to calculate the risks.
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Natalim
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October 01, 2020, 08:18:21 AM |
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More than enough, remember you are just starting, meaning you don't have an experience yet so it's just right to start small and gradually increase the amount as you improve being a trader. Everyone wants to make profit in trading but don't be too aggressive, don't follow your emotion or greediness, be smart, start small and build that capital for you to grow in trading, then the rest will just follow.
BELIEVE ME!
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sniveel
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March 13, 2021, 05:08:35 PM |
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If I am the one to start trading, 100$ is too much for me to handle if I am newbie with it. Without enough knowledge on crypro trading then there is a chance that I will lost most of it in trading. When I start knowing about cryptocurrency, I don't really have a money to start with.
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Zanab247
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March 13, 2021, 06:35:51 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 fail to follow instructions in the areas of trading, you will continue to loose until you know how to trade and earn well in your trade. You can lost more than 5 time in your trade, if you fail to learn all the Strategies that lead traders to their success.
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bitcoin31
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March 14, 2021, 03:09:03 PM |
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Actually there is no specific amount of losing money before you earn , it will depends on how you handle the strategy and the flow of the market.
The capital of $100 is enough but not good to buy different kinds of altcoins maybe you can buy some altcoins like two or three but not more than that and the return is not big unless you buy a coin who the price is very cheap and after few months or years of holding it pump very high or many times of it's value.
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Oilacris
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March 14, 2021, 03:24:54 PM |
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Actually there is no specific amount of losing money before you earn , it will depends on how you handle the strategy and the flow of the market.
The capital of $100 is enough but not good to buy different kinds of altcoins maybe you can buy some altcoins like two or three but not more than that and the return is not big unless you buy a coin who the price is very cheap and after few months or years of holding it pump very high or many times of it's value.
Depends on your target because not all would really be having the same mindset when it comes to profit taking and not all would really be preferring on dealing with market on active manner which means they would most likely to end up on holding rather than on making trades but those expectations or anticipations on making hundreds of thousands out of $100 investment wont really happen. Day trades that does have only $100 capital might do but dont expect that the amount you would able to scalp out on day to day basis wont really be that significant not to mind or in talk about trading fees alone then it wont really be that much of worth of the time but for making out some practice then this might do.
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peterpanda
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March 14, 2021, 05:21:49 PM |
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If I am the one to start trading, 100$ is too much for me to handle if I am newbie with it. Without enough knowledge on crypro trading then there is a chance that I will lost most of it in trading. When I start knowing about cryptocurrency, I don't really have a money to start with.
Obviously it will tough for newbie to earn good profit from trading. Trading is not easy and not for all who are not familiar with crypto and trading. For a beginner, $100 is enogh for trading and by this, he/she will be able to learn trading practically.
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doctor877
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March 14, 2021, 09:46:41 PM |
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losses in trading is inevitable as it happens to every trader but a good trader wins more than he loses. 100$ is not too small to start trading, but you have to have learnt some basic trading tips and master them. no matter how much your trading capital is, you need to be experienced to make any profit. you can start with 100$ and build it up.
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IvanAlexeev
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March 15, 2021, 07:47:53 AM |
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It all depends on how much you are willing to lose and also how much profit you may want to earn. For example, I don't see it possible to make thousands of $$ if you are day-trading with $100. On the contrast, if you were planning for long term investing, lower budgets could be better. I believe that is best to begin with a few thousands. This will also allow you to use leverage without risking your account.
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Rasel5209
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March 27, 2021, 07:16:10 PM |
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How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$) And one little big account (400$) in trading.
100$ is good amount not for starting i say for learning. Also today transfer fee is high. I Don't loss my money when first i start. I think you can not choose good coin. First you need choose a coin that price regularly up and down.
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2double0
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March 27, 2021, 07:26:42 PM |
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If you can manage to get whitelisted in a good project's IDO, then $100 are enough to buy those tokens and wait for its listing. I have been a part of a telegram channel where I see them giving new projects every day that were researched on by them and many of them gave tenfolds to investors who got whitelisted and bought the bottom.
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Rengga Jati
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March 27, 2021, 10:58:38 PM |
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How many times one can loose all his trading accounts before really start trading and earn.
If it is future trading, I have lost more than 10x if it is spot trading, I will prefer to set cut loss if it is possible and also see the trend of the market itself. But once forgetting to use a CL or SL, I will prefer to hold the coins until the price is getting increased (FYI, this only =for top coins or potential coins for holding, if not, better to set SL) About what amount to lose, I am sure that everybody has their own ways and amount. But at least, just lose what you can afford, never follow the hype, and always do our own research including how much we are going to put into the coins.
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trigger1975
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March 28, 2021, 12:42:13 PM |
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How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$) And one little big account (400$) in trading.
How much risk does your trade plan allow per trade? A rule of thumb is to risk no more than 5% of you trading capital – I myself risk maximum 1% per trade. Risking 5% per trade takes a losing streak with 20 losses in a row to blow your account. Risking more is putting your account more to the edge of losing all. I'd advise you to learn about risk management in trading.
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cheezcarls
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March 28, 2021, 01:10:59 PM |
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Before you are going to commit with that amount, always put in your mind that you should treat it as a “dead money”. It means you should only invest what you can afford to lose. When I have started copy trading with $100, I already told myself that this money is already “dead”. So even if I lose a lot, it’s okay. But if I win in copy trading, I would only take out the profits and retain the original capital. It’s all about managing your risks properly. Hope this advice helps.
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TedMosby
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March 28, 2021, 02:20:01 PM |
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How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$) And one little big account (400$) in trading.
you lost 5 times on some accounts. is it means lost to zero? trading is not a gambling activity where your open positions depend on the probability. unless you take trading decisions like gambling "What is good amount to start day trading is 100$ enough??"how you define "enough"? because it's subjective. also, it will depend on which market you will trade, spot trading/margin trading, etc. if you are looking for a fast return with $100, margin trading could be your choice. but it's mean your chance to lose fast also high.
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BIN-BIN
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March 30, 2021, 05:52:35 AM |
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Well one most not lost at first, but to avoid potential lost you need to develop a trading techniques before venturing into it to avoid making avoidable trading mistakes that often lead to loses, and the amount of capital don't really matter in lost or gain once you can properly manage the risk.
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Kittygalore
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March 30, 2021, 06:24:59 AM |
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Well one most not lost at first, but to avoid potential lost you need to develop a trading techniques before venturing into it to avoid making avoidable trading mistakes that often lead to loses, and the amount of capital don't really matter in lost or gain once you can properly manage the risk.
I think that the techniques might already be a given so you have to throw it out of the equation regarding this question if 100$ is enough, in my opinion considering you have the skills and you are confident with trading, I think that it will be enough but you won't get that far because you have a small amount of money and to make more you have to put in more money maybe if you don't experience any losses and you are just slowly growing it then you might be able to make more money.
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