Quote from: Rengga Jati on October 25, 2022, 10:54:42 PM

Quote from: borovichok on October 22, 2022, 02:18:29 PM

Newbies should build strong foundation if they wants to be experts in day to day trading because it requires time and consistency. The thing is that they're not ready to learn before they will start earning. There's is this quote in crypto which says one must learn before one will earn.

fact, really.
Day trading really requires good knowledge and calculations, as well as consistency, namely consistency in trading, and managing time and money. And this is not easy, because there will be a lot of pressure when day trading, especially in the Future Market. On the other hand, newbies usually can't stand these pressures, especially if the market turns in the opposite direction, panic will occur.
Especially if, as you said earlier, there are many newbies who are just trying to do day trading, without sufficient knowledge or knowledge, so they will complain about the results. Although they say that they are doing this to gain any experience, in fact, to get the experience, we need to learn first and prepare all things that we need for day-trading.

totally agree with what you said. because it is true that day trading is the highest level of risk taking. then of course for beginners is not recommended. it is better to learn all about technical analysis and fundamental analysis first. as well as various indicators in trading, beginners must first understand if they want to enter day trading.
because in daily trading we must really be able to understand the pattern of market movements. because we are profiting from the movement with a small profit. and it is emotionally and mentally draining. we must be able to analyze quickly and precisely. we also have to know where the right entry point is and after that we must not forget to put a stop loss and takeprofit. and what a lot of beginners do in day trading is that they don't plan for the losses they can afford. so they don't put a stop loss. and after the decline has been a lot then they panic and do a cutloss. even though in daily trading we have to have careful planning. to minimize losses if they occur. because sometimes even though our technical analysis is correct, it turns out that in terms of fundamentals it is different. then it can affect and make our analysis fail. so it is highly recommended to analyze with these two factors.