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.
As all people are saying, i will also say that, Day trading is too risky. If you lack in stratergy while trading then surely you will face a critical loss.
The most important thing in the day trading is to see and track the price fluctuations, if you mastered in that then surely profit will be in your pocket.
Moreover people now a days invest or trade in getting fair advantages(profits). They trade with the coins offering more risk in order to get huge profit.But i will suggest to never trade with such coins as it can also led you to loss.
It's better to remain on a safe side IMO.