Quote from: Noa_Amable on March 05, 2019, 12:26:42 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.

well, sometimes you can use CFDs to benefit from bearish trend. though it is a problem to find a good CFD provider

All of us should take benefit because it will be huge profit, never lose your patience and avoid panic selling good time is not so far we can easily get profit but right now it is good to wait than thinking about selling. It is really big mistake which is happens from new investor and traders mostly, as they sell for panic and then cry so dont sell just wait.