Topic: Don't let the holiday catch you - if you are a day trader. (Read 572 times)
Yeah most of the time the price usually will go down during holiday or weekend, there is not many transactions volume happening in holiday compare to usual day, you can take advantage from this situation to buy more, as long as its fluctuative you can make profit even if the price is falling down
If you are a trader and have a problem in holiday season its better to keep it up to sell and to buy again once it gonna ends again for holiday days to avoid lossing money if you are confusing.
Since a cryptocurrency is an all time 24/7 thing, I believe that you can deal with it anytime even if you have holidays provided you are passionate about it and you know things that could enable you make money in trading. My favorite way of making money is by speculating in a good coin and I think that if you really want to enjoy and stay away from crypto in holidays, speculate. 
I'm not primarily a day trader as I have found I'm overall a better swing trader than a day trader, but I receive price movement alerts from apps so I can hop on an exchange like Bitmex quickly to quickly alter a position or open a new one. Ideally you'd be online at your desk making trades, but sometimes you've got to make do with a phone too. You can always just close out your trades before sleeping or before you plan on travelling, etc so you don't get liquidated or stopped out while you don't have access to your PC.
There is a very good way that you can build your positions without being trapped by the vacancies, and is to study very well what you plan to do and then build from placing your Stop Loss and Take Profit well located, since it is essential that if you feel that you are going to miss a movement is a very noble way of being inside the market and you see it enjoying your daily activities or work.
In the cryptocurrencies the market is 24 hours without rest, it is not healthy that you are 24 hours attached to the PC, but it is a very good way to not miss the movements.
You also have to be very emphatic, when an important movement occurs, most operators obey their movements many times to the different emotions they feel at the moment, that's why you have to have criteria to make the right decisions, the Strong Hands, Market Makers, always plan their movements without taking into account news, or anything like it, because they have their plans already fully done, unless there is a possible event that marks the world's attention.
I think that is the ideal way to protect yourself, however, it does not hurt to be informed, although I have learned that market movements are not produced by the news, unless it is a Fundamental.
In the cryptocurrencies the market is 24 hours without rest, it is not healthy that you are 24 hours attached to the PC, but it is a very good way to not miss the movements.
You also have to be very emphatic, when an important movement occurs, most operators obey their movements many times to the different emotions they feel at the moment, that's why you have to have criteria to make the right decisions, the Strong Hands, Market Makers, always plan their movements without taking into account news, or anything like it, because they have their plans already fully done, unless there is a possible event that marks the world's attention.
I think that is the ideal way to protect yourself, however, it does not hurt to be informed, although I have learned that market movements are not produced by the news, unless it is a Fundamental.
If you are a trader and have a problem in holiday season its better to keep it up to sell and to buy again once it gonna ends again for holiday days to avoid lossing money if you are confusing.
I don't think this is really true but based on the chart,there might be really price changes when holidays come.With this,always look for the right timing to trade so that you will not be caught with its price sideways.Because it's really hard to make profits if the market condition suddenly falls down that's why day trading always have more risks than long term trading. 
Almost always, during the holidays, the crypto trade slows down and loses in value...
This shouldn't be confusing if this is your observation. It is economic theory that can help you understand it.
If you have much people that are demanding for a particular commodity, the value of that commodity is likely to go up and so during the holiday periods, you have few people in the market trading. This is my little understanding of the economics.
Usually my friends think if in weekend, some people outside my country do holiday too that is why some coins have really low in market volume. And until now i follow it. And other thing that we believe in here is market will have a lot of volume in night of my country, so we are here do trade activity on night.
Real businessmen (and day traders are businessmen of course) do not take the days-off often as they know that each of these days can lead to a fail. They do not want to lose even a chance to earn.
If you are a trader and have a problem in holiday season its better to keep it up to sell and to buy again once it gonna ends again for holiday days to avoid lossing money if you are confusing.
Why the cryptocurrency market always go down during the holidays? even the smaller ones like Easter?
I noticed many times in the past the crypto market normally goes down when people are on holidays from Christmas to Eid-mubarak.
Just noticed the market also relaxed during the smaller holidays like Easter, Diwali (a bit) and Maulud. but not on the valatine's day - lol!
Well, the market started recovering from the Easter holidays today and it appears the bitcoin is heading to another milestone, which is very nice.
What is your take on this matter? Feel free to share views with us here... thanks
I think that is a normal thing. Everyone would like to take a break during the holidays, it happens everywhere , so you should also expect the prices of stocks and assets to drop during times like this. After the holidays the price has started to go up again and I can see that it has already reached $5,700 and we are likely to reach $6000 before the end of this month, May. I usually read Cointelegraph's top 10 review and from what I have seen, based in their analysis, there’s likely to be a bull run. I noticed many times in the past the crypto market normally goes down when people are on holidays from Christmas to Eid-mubarak.
Just noticed the market also relaxed during the smaller holidays like Easter, Diwali (a bit) and Maulud. but not on the valatine's day - lol!
Well, the market started recovering from the Easter holidays today and it appears the bitcoin is heading to another milestone, which is very nice.
What is your take on this matter? Feel free to share views with us here... thanks
I never noticed this situation happen during holiday season is there any valid reason why this happen? Well personally Im not a day trader anymore since the market are not stable the bitcoin price are always pump and dump tahts why I cannot see this happen during holiday season like what OP mention.
I think it is just a myth and probably coincidence sometimes, but I don’t think it is a cycle, if it were, many people would have been exposed to the trick long time and take advantage of it to make more money. Many people just assume that people will need money during holiday, and may want to cash out some of their investment to meet up with their holiday expenses, but I doubt if they case will always be like this, because any one putting money for investment will strictly know that the investment is for the future and will look for money elsewhere to meet up with their holiday expenses.
Hmmm, interesting but looks like it's obvious that people during holidays will spend their time with family and friends which is they gonna do some selling of their bitcoin but I never noticed it since I just started last year in crypto, I would thank you for mentioning this I would take this in my note.
The concept of holidays is over for the people who are in crypto or in technology. Their mindset is that of a workaholic which means that despite the holidays, they prefer to work and read. It is important to stay active and updated with the latest in the area you are dealing with. A long term trader would enjoy the holidays without checking the price of his coins but a day trader might do so frequently. 
Holidays means rest days and even stock markets are closing their trading on that particular day. This also may be the reason why the price slightly falls down and comes back again after. To think that a holiday is just a one day problem only, i assume i cam handle that sometimes.
Well, if you nonstop trading then how would you enjoy your money? It's very normal to take a holiday and enjoy your life. No need to be greedy because we will always end in a graveyard. Therefore, let's take a break sometimes and enjoy the money you before we regret everything.
Is this what OP is talking about?Try to read it again and comment it if you got what is this course of this thread.
@OP the price fall o the special holidays is just normal because people will cashout few of their bitcoins for spending so if you are a smart trader buy at the time of holidays.
Well, if you nonstop trading then how would you enjoy your money? It's very normal to take a holiday and enjoy your life. No need to be greedy because we will always end in a graveyard. Therefore, let's take a break sometimes and enjoy the money you before we regret everything.
Hmmm, interesting but looks like it's obvious that people during holidays will spend their time with family and friends which is they gonna do some selling of their bitcoin but I never noticed it since I just started last year in crypto, I would thank you for mentioning this I would take this in my note.
It's just a speculation. It ain't consistent. To mention, OP didn't state if it was before, during or after the holidays. Just do your TA and trade according to your plan because if you'd take this aa an advice, you'd end up broke
Hmmm, interesting but looks like it's obvious that people during holidays will spend their time with family and friends which is they gonna do some selling of their bitcoin but I never noticed it since I just started last year in crypto, I would thank you for mentioning this I would take this in my note.
It's just a speculation. It ain't consistent. To mention, OP didn't state if it was before, during or after the holidays. Just do your TA and trade according to your plan because if you'd take this aa an advice, you'd end up broke
Why the cryptocurrency market always go down during the holidays? even the smaller ones like Easter?
Is there any valid statistic shows that market always go down during holidays?
I did not really notice about it since I'm not day trader and I'm very rare to do trade during holidays or even weekends.
I think it's only your suggestive, prices fall for other rational reasons dude
I am not worried if the holiday comes because I can trade without using my computer. I installed TabTrader to watch the market and if the price can go up to the higher price or the sign can give good progress, then I will directly use the apps to place my order sell.
So far, I don't have any problem with the holiday because I can stay online everywhere and I can access the site on my mobile phone.
Even if the market is down at the holiday, I can anticipate buying in dip because I set the alarm if the price is reaching the lower or, the higher price so I can directly watch the apps and decide later.
So far, I don't have any problem with the holiday because I can stay online everywhere and I can access the site on my mobile phone.
Even if the market is down at the holiday, I can anticipate buying in dip because I set the alarm if the price is reaching the lower or, the higher price so I can directly watch the apps and decide later.
Hmmm, interesting but looks like it's obvious that people during holidays will spend their time with family and friends which is they gonna do some selling of their bitcoin but I never noticed it since I just started last year in crypto, I would thank you for mentioning this I would take this in my note.
Usually my friends think if in weekend, some people outside my country do holiday too that is why some coins have really low in market volume. And until now i follow it. And other thing that we believe in here is market will have a lot of volume in night of my country, so we are here do trade activity on night.
Jump to: