In this bear market lot of people were suffering about how to minimize their losses,for them trading is one good way to make daily profits and minimize your over all losses you made from the long bearish trend.SO these are the mistakes need to avoid when someone starts to day trading.
1.Don't trade based on your emotions,just concentrate on FOMO and FUD.
2.Only risk the amount which can be affordable for you or just don't enter into that trade.
3.Don't use the technical analysis more,its just a tool to predict but still there is no reason for it to happen cent percent.
4.Don't day tradeonly if you don't understand it.
More points about mistakes need to avoid are welcomed here for the newbie to learn.
1.Don't trade based on your emotions,just concentrate on FOMO and FUD.
2.Only risk the amount which can be affordable for you or just don't enter into that trade.
3.Don't use the technical analysis more,its just a tool to predict but still there is no reason for it to happen cent percent.
4.Don't day trade
More points about mistakes need to avoid are welcomed here for the newbie to learn.
It is easy to say but also hard to do. All you have to do is trade all you can until you will already know what are you doing with it and of course you only need to put a small amount of funds if you are just a beginner.