stress and lack of sleep is indeed one of a sign that your over work . i too experience this before and the only way to cure it is to reduced your activity if you have too many . you only need to prioritize if what do you think is important . trading and gambling could be two of them because you can earn a profit in trading but in gambling ,
it will be harder because this activity depends more on luck but you can use it as a stress reliever because trading alone can be verry stresfull .
Topic: Combination of gambling and trading - page 5. (Read 769 times)
lately i have been stressed off and depressed because of lack of sleep, i just got my hand on so many thing and among those is trading and gambling this two activities requires lots of research and hard work which is time consuming, and am beginning to feel that am over doing it.
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.
Trying to make money when you are in a bad state of mood and lacking sleep is honestly a very bad idea. You need to approach it differently and fix those two things before trying anything else. Maybe you need to change your diet, start exercising, find a hobby or even just see a doctor if that is possible. Any type of gambling where you can make a profit consistently, like poker, is going to require you to be fully fit and mentally agile to put up with the long sessions. I've been at conferences with financial experts and they simply don't day trade because you will not be able to make a solid profit out of it any more, if you have to short term trade then you need to be thinking about what the situation will be in 3-6 months and try to formulate a profitable strategy around that instead. Also, stop trying to be an expert at multiple things and concentrate on the one that you like the most.
A gambler can't trade because both involves different emotional approach. I feel if you really have to succeed in trading you have to forfiet gambling because you would want to gamble your trades and this would blow up your account repeatedly. Except you can deal with your emotions and apply the quality decipline for both gambling and trading which is rare in most cases. I would just end with search yourself you alone know your ability but for me I would say you can't do both successfully
Well, my advice is:
In trade the main advice, and that you may have already heard is... avoid day-trading, this is for crazy people and no one can take too much time, if this is consuming a lot of time then you are doing it wrong.
As for gambling, it's even worse... games of chance were made for people to have entertainment and spend money, don't make it a business or an obsession to make money. If this is gnawing at you then you are already addicted and need to rethink how much you are spending on it (limit your time and money).
If necessary, seek help from a close relative/friend or professional.
Good luck and be well!
In trade the main advice, and that you may have already heard is... avoid day-trading, this is for crazy people and no one can take too much time, if this is consuming a lot of time then you are doing it wrong.
As for gambling, it's even worse... games of chance were made for people to have entertainment and spend money, don't make it a business or an obsession to make money. If this is gnawing at you then you are already addicted and need to rethink how much you are spending on it (limit your time and money).
If necessary, seek help from a close relative/friend or professional.
Good luck and be well!
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.
Combine? you can do it with a much different concept. However, whether from the results of the trade you throw it into gambling, and after losing, you trade again. and so on with the flow that remains the same? is there no advantage to be set aside if you are in a state of defeat? it may be a different story if you become a gambling winner.
If you lose in trading, turning your funds into gambling, will you just spend all that is left?
Don't do this, you can't make a lot of money gambling while at the same time trading not to mention that the risk of losing for both is really high plus it is probably taking you big toll on your health which slowly kills you. Choose only one or stop doing one of them for your own well being.
The question is where do you feel most comfortable of the two options? Suppose you temporarily focus on one option and pursue it until you find the most enjoyable point. Because you need to do it with sincerity and filled with love for one of them. If you force both, man will only spoil the strategy which is not very good. Try to do one of the two, then do it with patience.
lately i have been stressed off and depressed because of lack of sleep, i just got my hand on so many thing and among those is trading and gambling this two activities requires lots of research and hard work which is time consuming, and am beginning to feel that am over doing it.
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.
Feel like gambling ain't that much of a workload for some research if you're only into the luck based gambling. Moreover, if you're into strategy based I guess the basic knowledge will help you to get there. Try trading game at Rollbit, LOL!is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.
Trading is another level because it requires focus on some indicators, catalyst events and much more on the technical analysis side, which mostly the used one if you're into trading. You can't combine both better you have some sort of time management, that will definitely solve the problem.
Why are you doing two things at the same time? It's going to be too much for your physical and mental aspects to handle. Imagine thinking about two things and worrying about what could happen to them, and you can't do anything about it. That's going to affect you mentally, for sure.
The best way to approach this is to do one thing at a time and focus on one thing only and learn from it.
For instance, if you were to focus on trading, you can learn different strategies and apply them as your own. Make sure to control your emotions towards trading and be aware of the risk management you will face.
BUT if you treat trading as gambling, you should go and gamble all the way and not think about all the technical analysis you can do there.
The best way to approach this is to do one thing at a time and focus on one thing only and learn from it.
For instance, if you were to focus on trading, you can learn different strategies and apply them as your own. Make sure to control your emotions towards trading and be aware of the risk management you will face.
BUT if you treat trading as gambling, you should go and gamble all the way and not think about all the technical analysis you can do there.
How much time do you allocate between these two? If its starting to have a toll on your sleeping pattern then you have to prioritize one of the two, sure you can do both but you have to pick one that's more worth spending time. I used to be in a similar situation and I barely get any sleep because of gambling the only thing I did was give myself a day off or two then I started to make a plan on what to do next once I fully recover. After that I started doing my plan and slowly reduced my gambling activity so that it doesn't happen again.
You can do those two simultaneously but it will be indeed time consuming and draining at the same time. In trading, you need to carefully analyze the price charts to have high chance of making profits, to save time and less hassle, always set your "take profit" and stop loss" option so that you can proceed to your gambling games.
However, the only disadvantage you'll have is your losses in gambling might affect your performance in Trading, especially if you don't know how to stay focus while losing your money in gambling. My only advice is to stick on where you're good at.
However, the only disadvantage you'll have is your losses in gambling might affect your performance in Trading, especially if you don't know how to stay focus while losing your money in gambling. My only advice is to stick on where you're good at.
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.
Of course, these two methods are clearly different, they cannot be done simultaneously, in trading you need time, analysis of price movements from time to time, gambling is only to take instant profits.Gambling the risk you face is losing, while the trading risk you experience is loss / lose everything.
My advice, if you understand and analyze how the up and down chart system works, in trading it's natural, you will win 2X profits, but if you don't understand don't force it, gambling doesn't need what 'trading' requires, let alone slots, spin and spin after luck or bad luck.
The point is: do what you understand and you are good at, don't force yourself to do what you don't know, thus, you avoid complaining about what you have to do.
lately i have been stressed off and depressed because of lack of sleep, i just got my hand on so many thing and among those is trading and gambling this two activities requires lots of research and hard work which is time consuming, and am beginning to feel that am over doing it.
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.
It is better to do trading and gambling separately rather than simultaneously, then your results can be much better! I can also recommend not trading, but using an investment strategy, just buying certain coins in a holding... And one more tip - usually only 3% of successful traders, the rest lose the deposit! So with long term trading you will lose money sooner or later... I mean margin trading
Yep, as people already suggested, you can "play" binary trading such as on Rollbit, Binance, etc. But, if you feel you are busy or no longer enjoy the game the same way, why not just take a break for one or two weeks, then play again. No one force you to keep playing. From my experience, rest for one or two weeks can recover your mojo.
lately i have been stressed off and depressed because of lack of sleep, i just got my hand on so many thing and among those is trading and gambling this two activities requires lots of research and hard work which is time consuming, and am beginning to feel that am over doing it.
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.
It's either you just choose one, or if you really wanted both, then spend less time with gambling and more time on trading. Trading alone is time consuming so I don't know how you still have the time to gamble. And I'm not sure if you are into sports betting or other games like slots or dice. For me I'm more into sports betting, so I just place my bet and wait for the outcome. Just checking the scores from time to time to see how my bet is, and watch just the last quarter of the game. Then go trading, go to the tab of the sports, then go back to trading. is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.
If you wanna do it together then just go for binary trading, its sort of a gambling game at the same time betting which price is going whether up or down.
LOL! If you're torn between doing two different things; why not do both? Thanks for the laugh.Binary trading isn't a bad idea; in fact, knowing how to read charts, proper bankroll management, and doing any other trading strategies can give you an advantage. Identifying penant patterns, wedges, global and local trends, and levels is still a useful tool.
As far as I know, Rollbit is offering a binary trading and BTCGosu has an article[1] that you can read about it.
[1] https://www.btcgosu.com/blog/guides/casino/rollbit-trading-welcome-to-crypto-wall-street/
Trading is very risky and So stressful already and you added Gambling on this? don't you have something to do in Life but facing your computer and gadget ?
those 2 activities are very time spending and also bad for our mind and health because you are abusing your mental and physical as well.
Best to choose between the 2 and find other place where to spend your time and money in proper and worth way.
those 2 activities are very time spending and also bad for our mind and health because you are abusing your mental and physical as well.
Best to choose between the 2 and find other place where to spend your time and money in proper and worth way.
lately i have been stressed off and depressed because of lack of sleep, i just got my hand on so many thing and among those is trading and gambling this two activities requires lots of research and hard work which is time consuming, and am beginning to feel that am over doing it.
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.
Gambling is so stressful because you can't think of any strategy that will work for you, that's too impossible so better not to take it seriously and just enjoy playing. is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.
With regards to trading, you are doing great as you spend time learning the process just be patient and you'll manage how to balance your time. If you really want to gamble just do it occasionally because for me if its stressful I'd rather leave right away especially in gambling.
lately i have been stressed off and depressed because of lack of sleep, i just got my hand on so many thing and among those is trading and gambling this two activities requires lots of research and hard work which is time consuming, and am beginning to feel that am over doing it.
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.
What you should do is stop gambling and trading. Period. You have symptoms of being a problem gambler. Although seeing your trust page it seems to me that you are not going to do it, you want to do things fast by cheating.
Do activities that can provide income first and trading is that activity, while gambling do it when you have free time, don't do it at the same time because I think the results of gambling will greatly affect your trading decisions unless you are long term trade. Be careful with your health, activities that are carried out excessively can interfere with health, it's a good if you make a daily schedule and be consistent with what has been arranged.
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