I've been studying day trading crypto on and off for about a year. Everyday i'll go into 10 or 20 coins mark their supports and resistances to get really familiar with reading charts. I've studied candlesticks, trading patterns and a lot of indicators. I'll put up a few of the indicators and go through past markets to check how they reacted previously. I then try and predict which way a coin is going. I make notes of where i would get in and get out to see if it was real what sorta success I would have. I seemed to have it done alright so thought i would have a go with real money. I put a few hundred pounds in and the first few days i think I was very sporadic and kept trying to put money in everywhere i thought i saw something. It didn't go too well. This week I calmed down and said i'd only do a few trades a day where I really concentrated and really thought it out. Every time I put my money in it would start to go well, all the indicators pointed to success then all of a sudden it would plummet out of nowhere. I'm wondering is this a bad market to start learning to day trade in or do I just need more practice. Also any tips?
I think if you see your statement there is no bad market, it's just that it might be necessary to learn more deeply in trading skills, because right now I think in trading will not be able to get profits continuously, also failed. so how do we run trading skills to get profit.
indeed the most appropriate word is, there is nothing wrong with the market. we must forever study the market with all the conditions it creates. therefore we must reflect on ourselves to improve our skills to trade. every time the market will threaten our money if we don't manage it well