Quote from: xvids on March 13, 2019, 09:25:17 AM

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.

Never trade based on your emotion or trade when your emotionally unstable it would just make things worst.
And for those who want to start trading never put all of your money in it,
If you are just starting to trade you could try it at a small amount gain some experience first and learn don't rush things up.

- Yes, bringing our emotions into this battlefield is really a very bad thing, although this has been informed and advised by many experienced traders but many people still can't control their emotions and failures happen to them. Another mistake that is similar as you say, many people are very in a hurry, they set very high goals, inexperience and cannot manage the loss, and suddenly they created too much pressure on them and they failed, therefore, we should understand that if we want to trade in the day, we should not put too many goals, the flexibility and the use of opportunities available in the market are necessary