Quote from: isaac_clarke22 on February 09, 2019, 02:24:24 PM

Quote from: nydiacaskey01 on January 31, 2019, 10:33:54 PM

Quote from: Findingnemo on January 31, 2019, 06:23:33 PM

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 trade only if you don't understand it.

More points about mistakes need to avoid are welcomed here for the newbie to learn.

Day trading on bear markets is not advisable. Try to notice the price and one thing that you will notice is the price is not going anywhere. Most of the time, price is just moving side ways. The profits that you get is not enough to pay for the fees. If you really plan to continue day trading, set a low target like 2% to 3% profits, upon hitting your goal, Sell right away.

Been doing those before. Long time ago and a long story while I was still learning day trading. It wasn't worth it but hey it's a knowledge that I could use whenever the market somehow smiles upon us soon. I was also using some tools like the TAs just for the sake of an indicator of selling and buying. The graphs inside the TAs were really showing something through its curves and I sell whenever it touches my satisfaction line.

Trusting the indicators much will also make us to be in loss,just decide based on the market condition and make the more profits.Each trader look for most profits but the smart one will look for some profits at most instances so that he have more chances of making profits with less risk.