This will help day traders and newbie traders.

[apache20]

I'm pretty new but I've been putting in hundreds of hours of work on trading and I'm convinced that success in this game really depends on experience more than anything else. One example of this that I never hear talked about is how you fundamentally look at charts when you're beginning vs. when you have some time under your belt. It's easy to look at a chart and spot entries and exits but it's a different story when you're looking at the patterns develop in real time. After a while, I started to look at charts from a perspective of: "ok, I'm on this bar and I'm seeing this, how could I have identified the right course of action without taking into account what comes after that bar (period)? It seems like common sense but i think it's easy to subconsciously miss this point when developing a system and later find yourself hesitant to take entries or taking the wrong entries.  

Another experience based thing is simply figuring out all the mechanics of trading and orders and becoming thoroughly familiar with the tools that your broker gives you. This doesn't happen overnight but I think it's really key to developing an effective strategy. It's like, somebody can tell you in mechanic school to that you need to tighten this bolt with a torque wrench, but if you don't have experience and confidence using the tools to complete the task, you're going to be slow and make mistakes with it. This is especially true with day trading because your mind will be working on a bunch of different factors to trade as it is and it's important to have your tools down as second nature so that you can focus on what you need to. With day trading, minutes if not seconds can really make a huge difference.

I've listened to many hours of interviews with successful traders of all kinds and it seems to me that the one thing they all agree on is that experience and time are things that you absolutely need to be successful and almost all of them experienced years of losing or not making much before things started to click for them. The more i trade, the more I understand why they all say this.  

[MCobian]

I have a separate note of being successful when trading and will help traders, actually the key to success in trading is controlling ourselves.
Without it we can become greedy when trading, and cause losses in the end. If we can control our emotions when trading, profit will be easy
to get. Another important thing that traders often forget is that they must use the stop-loss feature,without this the capital we have could run out.
Because as we know volatile crypto prices can experience drastic price drops, without the stop-loss feature it will be very dangerous.

[CryptopreneurBrainboss]

The volatility of the crypto market makes it a perfect market to profit as a day traders. If you pay close attention you would realize it quite easy to make thousands just buying some random tokens on an exchange that has major development ongoing or just got a news update from it developers on their social media platforms. What actually occurs daily that leads to coin getting pumped excluding the manipulation from pump and dump groups is, these projects are traded based on news in upcoming events ore development.

I'll assume the OP isn't referring to trading bitcoin daily as that requires more funds that could lead to the trader getting emotional when the trades aren't going his/her way. With bitcoin the idea of day trading shouldn't be included in your investment strategy.

[South Park]

None of these tips or tricks or eBooks or any type of video tutorial will actually help you become a trader in real life. Right now every Tom, Dick and Harry is making boatloads of money on the stock market like every Tom, Dick and Harry made back in crypto in late 2017 and eventually the markets will trade sideways or bearish and people will lose all their realized gains.

The only way to become a profitable trader is basically to have experience and you can't teach experience. Just because a few kids made $1 million dollars trading with a $3000 account on Robinhood with Tesla options, doesn't mean they are better traders than those that made $50,000 yearly profit off their $100,000 starting balance.

Like the famous saying goes "Anyone can make money in a bull market". Don't need to be a experienced trader at all.

It is precisely because of this we need to be awfully honest with ourselves, there are many people in this market that earned fortunes by just being at the right place at the right time, in short they were lucky, but they confuse their luck for skill and they keep investing in the market thinking they can replicate that kind of success only to be disappointed because it seems they have somehow lost the Midas Touch, the truth is they never had it and even if the results of other traders are not as impressive over the long term they should surpass them as they will make consistent profits on the markets while the capital of those that were lucky will just go down.

[Mahanton]

The volatility of the crypto market makes it a perfect market to profit as a day traders. If you pay close attention you would realize it quite easy to make thousands just buying some random tokens on an exchange that has major development ongoing or just got a news update from it developers on their social media platforms. What actually occurs daily that leads to coin getting pumped excluding the manipulation from pump and dump groups is, these projects are traded based on news in upcoming events ore development.

I'll assume the OP isn't referring to trading bitcoin daily as that requires more funds that could lead to the trader getting emotional when the trades aren't going his/her way. With bitcoin the idea of day trading shouldn't be included in your investment strategy.

Day trade is still considered or can really be included in investment strategy.It only varies on the intensity and level on how you do deal up with prices.

Day trading isnt something that someone can achieve or able to do so yet this one do require sufficient knowledge and skills in the market.

You cant just dive into it without any preparations thats why some people do tend to hold instead on dealing with price actively.It doesnt matter on where
you would choose, just be sure that you are prepared enough to deal with it.

[Reid]

I think what should be the most important part is.. You should have money.  A lot of it.

Being a day trader ain't that easy.
Let's say you will have a lucky day and it all went well.
But those things do not happen for so long. The end of line will always be there and you should be prepared for that. Have some spare to get it back.
Just stating my own experience. It's like a streetfight out there. You can be punched anytime and everything will go black.

[lixer]

This is what I have been telling to young people (and sometimes even people on my own age) to do but they are really not listening. If you think that you could get rich inside one year, have a life changing thing that makes you from a regular paycheck to paycheck worker to suddenly a person who doesn't have to work and could make money, you could literally go bankrupt, that type of greed really hurts everyone.

However if you could wait and if you could manage to actually aim for a 20 year plan, you could be richer than you can imagine. Buy bitcoin right now (hell buy gold right now) in bulk and wait for 20 years and you will be able to retire early, it is a long term plan and you could benefit from it instead of focusing on how to get rich over night which could lead to you being scammed.

[Ridwan Fauzi]

There are many possiblities in the trading field, sometimes it will broke your confident to make a profit. Yeah, I often to find this situation, I collect a bunch of riset for my trading system and I tried to entry but there always time the strategy didn't give me a profit event just give me a huge lost.

So, those points that OP mentioned is really usefull for new trader like me. Having a good mindset and always getting used to don't have a high expection especially to get a consistent profit, the avarage's expectation will only new trader leave the crypto trading. Just trade and use money that you can afford to lose because it will make you stay longer and learn many new strategy to trade.

[gabbie2010]

Mastering entry and exit with good money management of trades caught my attention in the OP write-up this two rules ensured proper planning of my trades before pulling the trigger to buy or sell while using 4 hour timeframe as the minimum trading frame.
I used resistance and support zones as the point of exits thus giving me the opportunity to calculate my stop loss and take profit while taking into cognizance the risk to reward ratio of that particular trade I am about to enter whether it worth trading to a earn decent profits or not else I leave it for another one.

[Kong Hey Pakboy]

Points To Note

1. You need to have the right mindset, this is the most important (and the very first) requirement in becoming a day trader.

2. You need to be mentally prepared to take risks and suffer losses.

3. Have in mind that no one can generate profits consistently. Intermittent and extended losses are part of the day trading game. (For example, a day trader may suffer eight loss-making trades in a row and only recover with profit on the ninth trade.)

4. Master your entry/exit strategy

5. Have money management understanding

This points that OP's have mentioned is truly helpful for people who want to engage in trading for the first time because this tips will encourage you to start trading in no time. Having a right mindset and mentally prepared is indeed important whether you are a short-term or long-term trader because it will keep you from selling too early of impatience or greed.

[Dorodha]

I agree with you that the above points are really good especially for newcomers. Analyzing these strategies before the trader gets involved will help the business and will rise to the top. All must think equally positive bad mindsets lead to bad moods if the business does not plan and strategize such a thing there is a risk and not enough capital is available. This is why you have to keep your mind right and control your emotions and move forward with patience this will make it easier to earn and prevent.

[Lorence.xD]

None of these tips or tricks or eBooks or any type of video tutorial will actually help you become a trader in real life. Right now every Tom, Dick and Harry is making boatloads of money on the stock market like every Tom, Dick and Harry made back in crypto in late 2017 and eventually the markets will trade sideways or bearish and people will lose all their realized gains.

The only way to become a profitable trader is basically to have experience and you can't teach experience. Just because a few kids made $1 million dollars trading with a $3000 account on Robinhood with Tesla options, doesn't mean they are better traders than those that made $50,000 yearly profit off their $100,000 starting balance.

Having those tips in mind will help you remind when things get muddled. I agree that experience will teach you the biggest but isn't it wiser to learn from other's experience too. It is better that they have knowledge doing daytrading rather than diving straight into it and gaining the experience, atleast have something in your belt to help you right?

Another good tip to add is do not compare your profits to other successful trader or even your experienced friends, it will leave you the feeling that you are doing something wrong. Roll with the punches because there will be losses.

[lienfaye]

These tips are the basic thing to know as a trader, we must keep this in mind in order to become aware of what to expect and the risk associated with it. We are not certain if we can gain or lose when we trade since everything is up to how we react on a different market situation. Thats why its better to have a plan and strategy to follow so you wont panic incase something went wrong. Its fine even you have a small gain, as long as you're not losing your capital then its a good starting point to be a pro trader by improving your skills and strategy.

[Darkelf11]

~
1. You need to have the right mindset, this is the most important (and the very first) requirement in becoming a day trader.
~

Proper and best working mindset is the key for everyone's success in trading. You can also apply this characteristics for other purposes in your life. All of the next mentioned tips below already belongs to this category. If you had a proper mindset, you will not find it hard to those micro adjustments and important set of discipline in yourself toward trading. Set yourself up properly before engaging to this kind of investment. For this will help you be filled with knowledges that you can use to your trading adventure.

[Serious475]

Into the world of risk of trades there are a lot of people would like to earn but it doesn't like easily because there are a lot of things we should consider.

These are the things i commonly experience. 
1. Fear of missing out.
Some of the newbies always click buy and sell because they think they don't skip any profit on this day they becomes too much greedy.

2. Lack of confidence
When they see that the market price of the coin drops they immediately pulled out their investment. Which is wrong and could cause of loses a large amount of money.

[jostorres]

Yeah, mastering entry and exit is something incredibly hard, nobody can do that very easily, it takes time to master that and it involves a lot of patience in order to reach that level because you are not going to get in and get out at the right time early on, but you will learn about it over time.

Literally money management is another, if you go into bitcoin and want to get out at 100% profit you are either going to lose money or you are going to wait years for it, but if you do that with smaller coin and 5% profit you are going to be fine, plus if you go all-in with all your investments eventually it will hurt you a lot, but if you go in with just 5-10% of your portfolio even if it goes down 5% that is only 2.5% of your portfolio so you should be fine in the end.

[Kasabus]

These tips are the basic thing to know as a trader, we must keep this in mind in order to become aware of what to expect and the risk associated with it. We are not certain if we can gain or lose when we trade since everything is up to how we react on a different market situation. Thats why its better to have a plan and strategy to follow so you wont panic incase something went wrong. Its fine even you have a small gain, as long as you're not losing your capital then its a good starting point to be a pro trader by improving your skills and strategy.

Yes. These tips are very helpful not just for beginner traders but even for those who have been in trading for a period of time. Having a positive and right mindset could be the best key to end up a successful trading. Of course you won't engage into trading if you're not willing to take risks and suffer losses. Learning the best entry and exit in trading cam be very helpful too so you can prevent more losses and attract huge gains.

[DoublerHunter]

^ Really? Professionals would always say, "Real coaches will not do coaching for living". Real coaches aren't there offering to teach you how to trade. Because if they really are the best, then you will never be able to see them having their hands off their computers and trading. I would suggest you find a real person and seek assistance and mentorship from him. And that is the best time that you can learn the real game. Nevertheless, never trust radom people online, seek the professional one in person.

[Anyobsss]

Into the world of risk of trades there are a lot of people would like to earn but it doesn't like easily because there are a lot of things we should consider.

These are the things i commonly experience. 
1. Fear of missing out.
Some of the newbies always click buy and sell because they think they don't skip any profit on this day they becomes too much greedy.

2. Lack of confidence
When they see that the market price of the coin drops they immediately pulled out their investment. Which is wrong and could cause of loses a large amount of money.

I don't see any problem with lack of confidence. You know what they say that in trading, always remember that you're always wrong until you're proven right. It's better to stop your loss as early as possible rather than wait until the to coin bounce back but then never really happen and just continue to dip.

[rexxarofmoknathal]

It is a great article, I like those tips, they usually speak in a general sense, although I give more importance to learning to know the market, its movements, the way to interpret the volume and not only dedicate itself to only doing technical analysis, but Try to understand the market movements.

I couldn't agree more. There is little purpose in knowing and respecting all the other tips if you fail at the main one - learning to predict or become comfortable with the market volatility.

Technical analysis is also important and to be fair all of these factors are good in their own right which is why you don't have exclusivity. A good trader painstakingly learnt all of these tips and is able to grow more comfortable with both risk and loss.