If You Could Start Over, How Would you Learn Day Trading

[AakZaki]

~snip~

Being part of a trading community is a wise move for beginner traders to expand their knowledge and learn about new techniques and strategies. These communities also provide an opportunity to share experiences and discuss with other traders who share similar interests. No matter the type of trading you want to do, joining a community will help you become a better trader and minimize the risk of loss.

Also, to start day trading, technical analysis is one of the most widely used approaches. Technical analysis involves using charts and technical indicators to understand the price trends and outlook for an asset. Many day traders use technical analysis as a basis for making trading decisions. However, it is important to remember that technical analysis is not always accurate and there are many other factors that influence asset prices such as economic news and fundamental factors. It is therefore advisable to do enough research and combine with other approaches such as fundamental analysis before making a trading decision.

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[Silberman]

There’s always a chance to start over and restart your trading strategy, with this I will always choose to spend more time in learning and don’t focus that much on making profit during my early time as a trader.

There’s a lot of good reason to stay focus, trading is not that easy as what we usually think because it can be exhausting and frustrating as well especially if you can’t still find your winning strategy. Its ok, as long as you are not giving up trading will still be good for you. Continue to learn until you find the best strategy, it will be worth it.

New traders concentrate too much on the profits they think they can get, and while I understand why that is the case as it is natural to concentrate on that goal as that is the whole reason why they become traders, they also need to understand that trading is a process, it does not matter how many books they have read or how good their strategy is, at the beginning everyone makes dumb mistakes, doubts their strategy or they are so unfamiliar with the platform they are using they do something different than what they intended, this is part of the process of learning how to trade and no amount of preparation will allow you to skip some of those mistakes.

[Mahanton]

There’s always a chance to start over and restart your trading strategy, with this I will always choose to spend more time in learning and don’t focus that much on making profit during my early time as a trader.

There’s a lot of good reason to stay focus, trading is not that easy as what we usually think because it can be exhausting and frustrating as well especially if you can’t still find your winning strategy. Its ok, as long as you are not giving up trading will still be good for you. Continue to learn until you find the best strategy, it will be worth it.

New traders concentrate too much on the profits they think they can get, and while I understand why that is the case as it is natural to concentrate on that goal as that is the whole reason why they become traders, they also need to understand that trading is a process, it does not matter how many books they have read or how good their strategy is, at the beginning everyone makes dumb mistakes, doubts their strategy or they are so unfamiliar with the platform they are using they do something different than what they intended, this is part of the process of learning how to trade and no amount of preparation will allow you to skip some of those mistakes.

One of the most biggest mistakes that someone do able to take on on which it cant really be that possible that you would really make easy profits with trading.When you are a noob you would be mainly thinking that trading is just easy and so you do like into other traders and have thoughts that it is really just that simple to achieve it out on just via simple buy and sell, but on the time that you had stepped your foot into the market
then this is where you would be able to tell into yourself that it wasnt simple after all.If i could start over on how to learn up trading? Its not needed because you would be still committing lots of mistakes
but eventually you would be able to make yourself that learn along the way on whatever you had missed in the past.

[Oceat]

There’s always a chance to start over and restart your trading strategy, with this I will always choose to spend more time in learning and don’t focus that much on making profit during my early time as a trader.

There’s a lot of good reason to stay focus, trading is not that easy as what we usually think because it can be exhausting and frustrating as well especially if you can’t still find your winning strategy. Its ok, as long as you are not giving up trading will still be good for you. Continue to learn until you find the best strategy, it will be worth it.

New traders concentrate too much on the profits they think they can get, and while I understand why that is the case as it is natural to concentrate on that goal as that is the whole reason why they become traders, they also need to understand that trading is a process, it does not matter how many books they have read or how good their strategy is, at the beginning everyone makes dumb mistakes, doubts their strategy or they are so unfamiliar with the platform they are using they do something different than what they intended, this is part of the process of learning how to trade and no amount of preparation will allow you to skip some of those mistakes.

Trading is a bumpy road at the start that's why most of them who experienced it doesn't recommend trading since it's so time consuming and you'll probably going to lose more money than to earn at the start but they still says that it's worth it to learn at the end. I don't think someone would want to stay that long in order to learn and master the trading strategy. Only few people will survive in that uncomfortable situation because it takes guts and will to risk almost everything while persevering despite of their current situation.

[Cryptomultiplier]

I do believe that the kind of tool one uses for trading matters because you wouldn't want to be starring at a phone screen all day, but with a laptop, one could, and the function is vast compared to the use of phones.
I would enrol with a mentor because one of the challenges I have encountered so far is having to at some instances not know how to proceed. I would get a laptop with good drive and would loose myself in it, owning to what I know now.
It's never too late. I have always wanted to try DCA strategy while I trade, I wonder if both could work out.

[gabbie2010]

Today is just the 3rd day of the second month of the year 2023. The 2022 showed us hell and we learned so many important lessons. Some were good, some were bad, and some were ugly nonetheless, there was a lesson learned. This question occurred to my while I was ruminating last night. I searched YouTube and got some answers but still I am itching to know hear the opinions of members of this community.
The Question: If You Could Start Over, How Would you Learn Day Trading?

Here are the steps a someone said they will follow:

- Start with a simulator and treat the money like real money
- Find the right broker
- Find a mentor
- Find and join a trading community
- Keep a trading journal
- Find a success strategy and test it out.

I will start from the basic and learn everything related to trading thereafter seek for mentorship which will fastrack my learning swiftly while testing my few selected trading via stimulator if started earning profit consistently, then I select a very dependable, reliable and trusted broker or exchange thus start live trading with some small funds just for a start just to have the feeling of real trade which enable me to test my emotions while trading live account once I overcome the fear and emotions of trading, I will increase the funds in my  account, though it's not that easy however with dedication and perseverance every challenges faced shall be overcomed.

[Obari]

If I should start learning day trading I think this time I won't be in a rush and I won't be distracted to learn fast to make money.  I'll make sure I follow up the learning process accurately. Now I understand trading is not all about making money as beginner but one needs knowledge without a rush to get good profits. I lost lot of money as a beginner for not having a good understanding about trading. I'll try to avoid some certain steps and mistakes.

I agree totally with you on this very one and I also one of the newbie day traders who thought life in trading were just bed of roses not until trading taught me this in a very hard way and I regret most of the actions I took back then and I hope most times that I could get the time luxury to go back learning to day trade again.

I'm hoping to relearn day trading and I'm sure to learn and to wanting to make money and profits Instantly.

[GeorgeJohn]

First of all you should learn from your fellows as well as videos so it will helps you to involve in trading and get beneficial outcomes. I just think that even experts can also make mistakes so just start from lower amount will help you to trade better because they will have two advantages first is that if unfortunately you loss that money so you will recover it soon after making investment in other coins and the other benefit is that you will learn from this small amount if you win then your cash will multiply..

In every investment of cryptocurrency you should know that theirs is every tendency that during your investment you can make and you can as well gain. That's while everyone who is investing in cryptocurrency have to scrutinized the coin is embarking on, for investment, so it's not necessarily encouraging to hope losing in one coin and another coin will give will you the profit you want for another investment.

[Ndabagi01]

I'll definitely take it slow this time. Everything else that raised red flags for me will be avoided to the greatest extent possible to avoid potential loss. The first time I lost money was due to ignorance; I don't want that to happen again because I'll be prepared before I start trading.

One thing I didn't want to do at the time was put all of my money or money for daily expenses into trading so that I wouldn't regret or be too hurt by the loss. I'll continue to do so, but this time I'll try to profit from every opportunity I get because I'll be better prepared and have learned more about trading.

[Scripture]

Find someone who are a good trader that can mentor me, and of course help me to create my own trading strategy that can work better this time. There’s a lot of bad trades yes, but remember that you can always start again, and start trying a new strategy until you find the good combinations of indicators.

In trading, we learn more by losing the money and that is normal so don’t be discourage if you have losses, just keep going and keep improving your trading skill, you can be better by not giving up with your trades.

[Rengga Jati]

The Question: If You Could Start Over, How Would you Learn Day Trading?

Every trading activity needs certain knowledge and ability. It is not only about the willingness to trade, but it is about the combination of knowledge, skill & ability, a good consideration for wise decisions, experience, and also effective & efficient learning processes. If we only focus on one element, it will not really work well, moreover if we are only following other people to do trading, expecting too high the trading profits, and other thoughts about trading. This will not really work well. That is why if I want to start again trading activities, I wi,ll prefer to prepare all thing really done in all aspects.

[tjtonmoy]

The Question: If You Could Start Over, How Would you Learn Day Trading?

First thing first, taking control over my emotions will be my first priority. If I can control it, then everything will become much easier. Because I will think with my mind and not with my heart. Then I will start with a very small amount or even a trial account as you mentioned. That way I will be able to focus much on strategy and not on personal made up decisions. And as I move forward, I will lose too, I will not make profits every time. So that way I can learn from my mistakes and improve my strategy too.
One thing would be helpful will be the live signals. I will take help from that too.
I guess that's about it.

[martyns]

The Question: If You Could Start Over, How Would you Learn Day Trading?

Every trading activity needs certain knowledge and ability. It is not only about the willingness to trade, but it is about the combination of knowledge, skill & ability, a good consideration for wise decisions, experience, and also effective & efficient learning processes. If we only focus on one element, it will not really work well, moreover if we are only following other people to do trading, expecting too high the trading profits, and other thoughts about trading. This will not really work well. That is why if I want to start again trading activities, I wi,ll prefer to prepare all thing really done in all aspects.

Everybody has their preferences,therefore,if I am given an option to choose between day trading and holding,I will always prefer holding because I dont want to be part of the heart problem involved in losing one's money.Holding Atleast guarantees a case of low risk,and has a high profit percentage,which is one of the major reasons why people always prefer holding,and forsake day trading.That is to say,I would never prefer day trading because it is very risky,and the risk might be hard to take by me,rather I will choose the one that there is less risk of loss involved.

[virasisog]

First, I'll begin in knowing my purpose and my capability. Day trading is a complex thing so I will make sure that I'm capable of adopting knowledge about it and I can apply all the things that I'll learn. I will also make certain purposes for why I'm doing day trading. I should set a target profit so I'll have to motivation to grind wisely and effectively.
Having the right resources and proper guidance will make learning day trading easier but we must also have the courage and willingness to understand everything the best way that we can.

[Silberman]

First, I'll begin in knowing my purpose and my capability. Day trading is a complex thing so I will make sure that I'm capable of adopting knowledge about it and I can apply all the things that I'll learn. I will also make certain purposes for why I'm doing day trading. I should set a target profit so I'll have to motivation to grind wisely and effectively.
Having the right resources and proper guidance will make learning day trading easier but we must also have the courage and willingness to understand everything the best way that we can.

Yes, if I could start over but I had at least the knowledge of which books were good and which books were not this will save a massive amount of time, as the majority of the books I have read about trading were not good enough, but the only way to discover this is the case was by reading them, only a handful of books were good so if I could start over and only read those books this will be a huge time-saver and it will allow me to grow as a trader way faster than at the speed it actually happened.

[imamusma]

Many people will seek out mentor to trade on the first day, but after that they will be independent enough to do so. I ran into the same thing due to my ignorance of how it works. I have budget for trading, but I need to understand the market and the platform I'm using and how to secure my assets. Maybe a good move would be to teach yourself, but it's a lot harder from day one.

Some one can develop an interest in trading over time, that includes joining a community of traders or something like that. The more people we meet talking about trading, the more knowledge we will get. This is important to note because when we only do it ourselves, we tend to get stuck in developing our abilities.

[Fivestar4everMVP]

The Question: If You Could Start Over, How Would you Learn Day Trading?

First thing first, taking control over my emotions will be my first priority. If I can control it, then everything will become much easier. Because I will think with my mind and not with my heart. Then I will start with a very small amount or even a trial account as you mentioned. That way I will be able to focus much on strategy and not on personal made up decisions. And as I move forward, I will lose too, I will not make profits every time. So that way I can learn from my mistakes and improve my strategy too.
One thing would be helpful will be the live signals. I will take help from that too.
I guess that's about it.

You are absolutely right about almost everything you said, most traders think from the heart and that is how they get emotions involved in trading, and also, starting trading with a demo account is pretty helpful most especially for those who are just coming into the trading market for the time ever, this is one ways to practically and easily learn trading without having to depend on someone else that much.
Personally, if ever I feel I lack something in trading and need to relearn, I will start with a demo account, I will have it funded with the exact amount of money I hope to start live account with, this is one of the ways to become a really good trader.

[tjtonmoy]

You are absolutely right about almost everything you said, most traders think from the heart and that is how they get emotions involved in trading, and also, starting trading with a demo account is pretty helpful most especially for those who are just coming into the trading market for the time ever, this is one ways to practically and easily learn trading without having to depend on someone else that much.

I think it is good to learn things all by yourself. As they say, The thing you learn by yourself, you will never forget it in your life. I am a psychology student and I know that very well. But one thing to consider here is that, it's always a good idea to seek help from someone who knows better than you. Otherwise, you will be stuck in one place. We are humans, and we all have flaws, so it is always recommended to learn from the best. What I said there is all just basic startup knowledge to keep your mind on track. The rest is a long journey. So gather knowledge from everywhere you can.

[Hypnosis00]

Many people will seek out mentor to trade on the first day, but after that they will be independent enough to do so. I ran into the same thing due to my ignorance of how it works. I have budget for trading, but I need to understand the market and the platform I'm using and how to secure my assets. Maybe a good move would be to teach yourself, but it's a lot harder from day one.

Some one can develop an interest in trading over time, that includes joining a community of traders or something like that. The more people we meet talking about trading, the more knowledge we will get. This is important to note because when we only do it ourselves, we tend to get stuck in developing our abilities.

Perhaps, that is really what will happen because we can't just rely on our mentor for the whole but rather stand on our own and make our own decision. Besides, the purpose of having a mentor is to teach us and it was easy and very clear than online tutorials. At the moment that we are ready enough to make a trade alone, that moment also makes us think that mentors are not needed anymore. Because what I see is that trading is continuous learning, the more we do actual trading, the more we can get ideas that can help us to improve and discover more things.

[mvdheuvel1983]

I did a lot of demo trading for almost a year before venturing into the live trading environment. My concern was that I wasn't good enough and was scared of falling for trading scams. I made up my mind to figure things out on my own.

In retrospect, if I could start all over again, I won't do demo trading for that long, I will try out my own strategies in live trading while being guided by classic trading strategies. I will equally find successful and well experienced trading mentor as well. And I will make sure I stick to my daily plan on achieving my goal during the trading process. At the end of each trading day, I will carry out a review of to see if I did right and how I can maximize my profit. I usually waited until the weekend to do this.