Post
Topic
Board Trading Discussion
Re: What is the first rule of daily trading in your opinion?
by
Golftech
on 29/10/2017, 10:23:19 UTC
Don't do day trading if you don't have any knowledge or some experience, BTW the main thing is to just stay focus on the market of your coin and be active, day trading is too fast and risky so may you loose the opportunity to earn if you are not attentive.
There are so many things which you need to take care and that too in a well manner if you really want to go for day trading. Day trading is quite a different kind of things and it needs you to remain active and vigilant throughout the time. One wrong decision can result in huge loss of money. So it all depends on how good you are at managing the things and making decisions in short span of time.

As you said if you want to be a trader then you need to maintain many qualities to be successful.And you need to
have lot of the first is Time Investment to Day Trade Successfully.Day trading isn't a get rich quick career, nor is it something that takes years to gain consistency at. Expect to spend six months to a year honing your skills and practicing a strategy before you become comfortable with it in all conditions.
Its take time before we can really say that we can move forward with day trading, skills and knowledge should be in a proper place before we really
engage our self and do this thing, many have failed due too lack of proper education as they just place their investment with instinct and not a well
informed strategy.