This will help day traders and newbie traders.

[Kelvinid]

^ 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.

Trading needs skills, coaches will just guide you but of course, not all the time he's with you and even teaches everything he learned. It is a top-secret dude, they keep it for their own. That is a reason why we should have to work hard, learn from our mistakes, and tried to adopt the market faster as we can. Because if we keep relying on them, we never have to improve also.

[DevilSlayer]

I would like to focus on being mentally prepared in trading, a lot of people think that trading is only about technicals but they are wrong because trading of cryptocurrencies, securities, forex and stocks are about 80% psychology. Having good mindset wherein you accept that trading is about possibilities and there is no profit that is really guaranteed. I always telling a lot of traders that they should always have a plan especially if they will do a day trade where in the market is too volatile and they are using short term time frame . Having a plan have a connection in our psychology, we should not expect to have big gains especially if you doesn't create a plan. Plan your trader and trade your plan, this statement is really helpful not only for the professional traders but also in newbie traders. A good plan consists of 4 things, having a good entry point, having a cut loss point, having trailing stop or target profit and having a good risk management.

[bitcoin31]

Hope many beginners traders will follow it because the mindset of the newbie once they entered to the trading journey they expecting instant earning money . Which is very wrong so they need to see this to know what they do.

[Salauddin1994]

It will help newcomers a lot in doing day business there are many new members who are new to the crypto market and if they have no idea about the trade then they will be able to move forward very easily by correcting their mistakes. Be able to gain many basic ideas about trade it is good for every new entrepreneur to follow these ideas.

[michellee]

Hope many beginners traders will follow it because the mindset of the newbie once they entered to the trading journey they expecting instant earning money . Which is very wrong so they need to see this to know what they do.

If they don't change their minds not to hope to make instant money, they will be able to make money from trading because we can not expect the market always to move good. We need to wait for a while if the market is down. Sometimes the market will be up and down, so we need to analyze the market before we do something. Day trading can allow newbie traders to make money, but they need to learn more about market movements.

[justdimin]

Coaches could teach you, people could teach you how to trade, but usually when they retire because they made enough money and they want to spend more time with their family and have more time but they don't know how to manage their time anymore, since they spent so much time working beforehand, now they are very free and they don't know what to do.

Peter Lynch is one of the greatest fund manager in the world and he made so much money for so many people and got rich, dude retired but after he retired he wrote books about how he got rich because he had so much time to himself so he didn't know what to do with all that time, he couldn't just watch TV all day because it is not in his character so he wrote books about how to invest and they sold a ton as well. So "actively trading" greats will not share their info but retired ones may.

[CryptopreneurBrainboss]

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.

Just because it can be included doesn't mean we should engage in it. The outcome is more negative than positive. When there's a bull market you're better off just holding your coins than trying to outsmart the market by selling jf as you selling off your holdings will reduce the profits you would had secured and in the scenario of bearish market, the chances of you predicting the outcome of the price movement of a particular coin is almost zero (especially if your experience aren't that strong).

In the space there are various method you can adventure into to bring about a profitable experience as a cryptocurrency enthusiast with low risk compares to that of day trading. Newbies shouldn't be encouraged to go into daily trading, they lack the experience, education etc which will cost them losing their capital to market manipulation.

Investing is one of the easiest and most advisable form of engaging cryptocurrency, the procedure are very simple and all you need is patience couple with some right decision making ability that most have come from you researching in the project in picking potential coin.

[reliable]

Hope many beginners traders will follow it because the mindset of the newbie once they entered to the trading journey they expecting instant earning money . Which is very wrong so they need to see this to know what they do.

This is the beginning points of the downfall for anybody who thing its instant money in trading or say in investing as well. Trading is highly risky in this volatile crypto's because if anybody get the direction wrong of price movement, they will incur a huge loss. So accordingly, one should trade with capital and only with good coins initially to get some experience as well.

[slaman29]

Hope many beginners traders will follow it because the mindset of the newbie once they entered to the trading journey they expecting instant earning money . Which is very wrong so they need to see this to know what they do.

This is the beginning points of the downfall for anybody who thing its instant money in trading or say in investing as well. Trading is highly risky in this volatile crypto's because if anybody get the direction wrong of price movement, they will incur a huge loss. So accordingly, one should trade with capital and only with good coins initially to get some experience as well.

Yeup, just like all them noobs who first come into gambling and they actually win something big, then they think they've struck gold with some kind of strange strategy that lets them outwit the house. And yes, you start trading like this and you might as well be gambling, except worse, some people think of trading as an "investment".

[djmixen]

This showed only the in cryptocurrency we really enough knowledge for us to become successful in the end, because without this thing
it will be hard for us to become successful. So, all of the tips and good idea was definitely approved to me actually in the articles of course.
And I guess newbies together with the traders will adopt or absorb this thing as well.

[SquallLeonhart]

Definitely the difference between trader and gamblers and newbies and veterans. At the end of the day when you are a newbie and when you think you "found" a strategy that works and you make money, you are usually new enough to go all in and make bigger and riskier moves which could result with you losing a ton of money.

I really do not think that it should be like that, if you found a strategy just keep it going for a while with the amount you do not care to lose, that way you wouldn't care if your strategy suddenly doesn't work. Of course this is not going to last forever, eventually you will go bigger but at first do not start with all-in just because it worked. So be patient, use that strategy and try to tweak it as much as you can in order to avoid high risks.

[akram143]

Newbie should not directly jump into day trading if they don't want to lose their capital in quick time, we can't be a master in day trading but we can definitely make more money in shorter trading format but all you need to do is to pick the right coin and trade with a stable pair for less risks.

[South Park]

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.

A decent amount of capital is necessary if you want to become a trader or investor, and it is precisely why when we see newbies asking for coins that will go 100x or more it is easy to know they are investing in the market with a very low amount of capital and that they are expecting to get rich with a very small investment, the problem with this is that the risks that you will have to take in order to have any chance of succeeding will be enormous.

On the other hand if you have a decent amount of capital you could forget about shitcoins and focus only in bitcoin and other good coins in which case even a growth of 2x could be enough to improve your life significantly without taking any significant risks.

[ScamViruS]

No course can make you a good trader unless you try it yourself. The crypto market is a very volatile market, and because of this behavior of the crypto market, day traders can make good profits. Every day different events of one or the other coin, development news comes and the effect of all those news creates in the market price. So those day traders can trade based on those news and make good profit. In any case, you have to follow some rules to trade.

I think money management is the most important thing in trading, because many proven strategies can fail if money management is not followed. So money management is very important in day trading.

[Shasha80]

Actually, all the tips in the opening post are not new, because tips like that are very common and can be found in various articles.
But I appreciate having made this topic as a reminder, that it is not easy to become day traders. You need to go through several
steps in order to become successful traders. And most importantly we must be disciplined in carrying out the tips that have been
mentioned in the opening post, especially prepare mentally to face risks if you experience losses.

[MWesterweele]

Hope many beginners traders will follow it because the mindset of the newbie once they entered to the trading journey they expecting instant earning money . Which is very wrong so they need to see this to know what they do.

This is the beginning points of the downfall for anybody who thing its instant money in trading or say in investing as well. Trading is highly risky in this volatile crypto's because if anybody get the direction wrong of price movement, they will incur a huge loss. So accordingly, one should trade with capital and only with good coins initially to get some experience as well.

Honestly speaking i was once a thinker that becoming a member or discovering and entering the world of crypto may give me an instant money easily. But in the long run of my journey here in crypto it changed my mindset and i experienced that even i'll just sit in here do day tradings, or just sit typing and sharing my thoughts i'd still need to sacrifice. My time, pay attention to learned and of course accept the fact that i would still need to work it hard to get what i deserve to get depends upon the effort that i exerted.

[milewilda]

No course can make you a good trader unless you try it yourself. The crypto market is a very volatile market, and because of this behavior of the crypto market, day traders can make good profits. Every day different events of one or the other coin, development news comes and the effect of all those news creates in the market price. So those day traders can trade based on those news and make good profit. In any case, you have to follow some rules to trade.

I think money management is the most important thing in trading, because many proven strategies can fail if money management is not followed. So money management is very important in day trading.

Money management/Fund control is one of the most important factor that should really be learnt when you do deal up with crypto trading so that you would able to make yourself do sustain in case you do make out losing trades rather than on going those all in type of trading or simply just like on making it as a gambling which is really a bad idea specially when you are doing active day trade.I agree that no course will really be precisely
make you a better trade unless if you do experience  for yourself.On paper then its beneficial but not totally the holy grail that you've been looking for.All strategies available are still subjective when it comes to
efficiency and accuracy.It will vary on how you do make use and make out such decisions.

Actually, all the tips in the opening post are not new, because tips like that are very common and can be found in various articles.
But I appreciate having made this topic as a reminder, that it is not easy to become day traders. You need to go through several
steps in order to become successful traders. And most importantly we must be disciplined in carrying out the tips that have been
mentioned in the opening post, especially prepare mentally to face risks if you experience losses.

You will mold up those kind of learnings when you do experience up things not only on the losing side but also on the profiting side as well.Yeah, its pretty common but those would be the hardest thing to be done
when you are already on the actual situation thats why lots do really fail on doing this and decide to hold up instead than on making doing some active trades.Profit wise then no doubt that this kind of trading do
give the best in terms or intensity of making money but the issue is that it doesnt really fit for anyone and only to those who do the hard work and learning things up will able to do so.

[tvplus006]

All these points are clear, but how many people adhere to them in real life? I think that others, just like me, constantly break these rules. In one case, I entered a transaction with an increased volume, in the other I closed the order at the wrong time. All this leads to losses. But until you lose your money and analyze the reasons for this yourself, it is impossible to become a trader.

[wiss19]

Before anyone can leave their job to go into trading full-time it would require a lot of hard work which I know for sure that so many can’t deal with it, so sometimes it’s always best to play safe by not quitting your job and trading only when you have the time and the right strategy.

Moreover if one is going to place eight trades and lose and only win the ninth one, then you’re losing. Just calculate that, unless you’re going to be making use of stop-loss to reduce the losses, but how sure are you that the profit will be able to cover up for the losses you have experienced? Apart from all that you have got to talk about the financial aspect of things, just trade if you’re ready for what comes with it.

[Majharul Saiif]

Background understanding of what a trader is

often multiple times during the day, but without carrying any open positions to the next day. All buy/sell positions taken during a trading day are squared-off on the same day before the market closes

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

Day traders need a solid foundation of knowledge about how the markets function. From simple details (like exchange trading hours and holidays) to complex details (like the impact of news events, margin requirements, and allowed tradable instruments), a trader needs to have a broad knowledge base.

Important my friend because sometimes a day preceding a holiday could be highly volatile or dull. Sometimes it is better not to trade on the day before the holiday to be safe.

Aspiring traders should beware of websites and courses that promise foolproof day trading success or endless profits. The limited percentage of day traders who have managed to be successful do so by investing their time and efforts into building trading strategies and following them religiously.

A day trader is on his own in this big trading world. Before giving up your job to become a day trader, be sure that you have the motivation to continuously learn, design your trading strategies, and take accountability for your decisions and actions.

This is good advice for us all

https://www.investopedia.com/articles/active-trading/051415/10-steps-becoming-day-trader.asp

I solely concede with this article.
Whether you are a Daily Trader or a Newbie Trader, you have to ratify these. Everyone, even me, has to plop these in our head to trade. Contrarily, the place of help will be bruised.