Don't Spend Too Much Time Trading? is that true? - page 11.

Kupid002

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Quote from: btcformula on January 30, 2018, 11:04:12 PM

It's fully true. Invest time on learning not Trading. Trade 2-3 trading site & allocate 10 min each. First check news, after that coin-market cap , then think you self what coin you buy or sell then login trading site to take action. It's very helpful strategy. Good luck

there is no specific time that you may have to spend but make sure that even you spend a lot of time your emotion will never be affect for and you may always stay calm in any situation of it.

btcformula

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It's fully true. Invest time on learning not Trading. Trade 2-3 trading site & allocate 10 min each. First check news, after that coin-market cap , then think you self what coin you buy or sell then login trading site to take action. It's very helpful strategy. Good luck

metribitcoin

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That right, i did it too and so i can not control my emotion and finally i got loss because iam not patient to wait the price move going up ,i cut loss it but a next few hours the price going up and i miss big profit. Since that to control my emotion i move to long term trading just buy and hold some coin based on good fundamental. This is look more easy and need less time to make profit.

Layonk

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Quote from: stomachgrowls on July 24, 2017, 05:25:41 AM

Quote from: amskas on July 24, 2017, 05:17:31 AM

i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically. Cry

what is your opinion?

Its not really bad on spending too much time on trading since there are are active traders which do really spend their times on doing trading. This would really depend on what kind of trader you are. The suggested thing on here is when you do know how to stop specially when your mind or brain is quiet tired on doing trading because once you are tired you cant execute trades properly which causes mistakes. which causes for us to lose up money.

Everything you did its just fine if we can control our mind to stop when we are tired.
Its not always working. When you think you are able to control your mind, but it could not working well while you are in the front of PC. You will be more emotion when in the front of PC.

MMA

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Quote from: September11Myth on January 30, 2018, 01:12:52 PM

It very much depends on the time frame in which you want to trade. If you are trading based upon a daily chart, you really don't need much time, you have have to study the chart once a day. If you trade on the 5 minutes chart you basically cannot take you eyes off the screen. Everyone choses the strategy and time frame which fit better for them.

It is also depending on the interest of a person. If a person is interested in trading and want to become a good trader then he need to spend more and more time in trading platform and only then he can become a good trader. For getting good information about different coins it is always necessary to keep touch with the market and that can only be done if you will spend more time in trading market.

Mahanton

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Quote from: NavI_027 on January 30, 2018, 04:55:39 PM

If you have lots of free time, it does not affect your other daily activities and you know the field you're entering in then spending too much time in trading wouldn't be a problem at all.

Don't worry too much for the mistakes that you've done because this is normal and inevitable. Just keep in mind the lessons you've learned from those mistakes to become better next time and try to set aside your emotion first because it can greatly affect your strategy.

This is actually right and i do believe that the more hours being spend on trading the more experience and learnings you would really get which means it would mold you up to be a better trader soon. Dont be afraid on committing mistakes since these thing are common on this very unpredictable market. Just make it sure time has being allocated equally on the activities that you do for daily basis not just fully focused on trading alone.

NavI_027

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If you have lots of free time, it does not affect your other daily activities and you know the field you're entering in then spending too much time in trading wouldn't be a problem at all.

Don't worry too much for the mistakes that you've done because this is normal and inevitable. Just keep in mind the lessons you've learned from those mistakes to become better next time and try to set aside your emotion first because it can greatly affect your strategy.

September11Myth

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It very much depends on the time frame in which you want to trade. If you are trading based upon a daily chart, you really don't need much time, you have have to study the chart once a day. If you trade on the 5 minutes chart you basically cannot take you eyes off the screen. Everyone choses the strategy and time frame which fit better for them.

Ayamj

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I can't, I I need to stop spending time on my laptop

tambok

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Quote from: carlisle1 on January 30, 2018, 08:13:09 AM

Quote from: amskas on July 24, 2017, 05:17:31 AM

i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically. Cry

what is your opinion?

as what your confessions declared,your stupid mistakes is the cause why your saying that never spend more time for trading,i spend more time in crypto analyzing the movement of my target coin,whats the ups and downs in past and analyzing what would be the movement for tomorrow.in this manner im spending time but worth it since were talking about trading here

Well, if we don't try to listen to those experts here in forum I don't think that there will something that will happen in our life, I don't spend too much in trading as I am not ready for the risk associated with it, yes for those who have guts it is advisable especially those who are willing to embrace the risk of it, but if not then we should instead just hold bitcoin.

carlisle1

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Quote from: amskas on July 24, 2017, 05:17:31 AM

i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically. Cry

what is your opinion?

as what your confessions declared,your stupid mistakes is the cause why your saying that never spend more time for trading,i spend more time in crypto analyzing the movement of my target coin,whats the ups and downs in past and analyzing what would be the movement for tomorrow.in this manner im spending time but worth it since were talking about trading here

bitcoinisbest

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Quote from: TheKeyLongThumbI on January 27, 2018, 02:21:41 AM

Doing that just means that you panic easily. Twice or thrice a day is enough with 1-2 hours each. Cryptocurrency doesn't only revolves in trading, you can also read news about it which is very beneficial.

If you have full time for yourself than I think one should spend 4-5 hours in trading, few hours in analyzing the coins which will move up and doing research so that you can invest in good coins during pre ICO stage or form the exchanges you cna buy it. SO along with trading you can actually start investing for a longer term.

And if you have limited time only then ensure that your most time is spend on researching before investing in good coins and also do not trade much as it would be more or less speculation unless you are expert and know the technical charts as within stipulated time you may not be able to trade with the right coins.

EtherATM

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Quote from: rejin29x on January 29, 2018, 06:31:00 AM

Spending too much time in trading is not bad as long you can manage your time and not focusing only on trading.Learning up some skill to avoid spending so much time is the best for you to know how can you manage while in trading and your other job.Always be patient to wait to not loosing all your money,you must know when to stop and relieve some stress from it always take a break for be calm in your next round.

Yep, I think that if you think you spend your time doing suitable thing, it’s not bad ,but you’d better use up your time, don’t let it elapse wastely. There are many methods for you to manage your time flexibly. You should take regulation for trading or some another, for example: you can spend 3-4 hours a day for trading. You should try many times to know how much time you need to do something. In totally, it’s not bad for you to spend too much time in doing something, but if you use up your time, you can get a big benefits.

rejin29x

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Spending too much time in trading is not bad as long you can manage your time and not focusing only on trading.Learning up some skill to avoid spending so much time is the best for you to know how can you manage while in trading and your other job.Always be patient to wait to not loosing all your money,you must know when to stop and relieve some stress from it always take a break for be calm in your next round.

TheKeyLongThumbI

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Doing that just means that you panic easily. Twice or thrice a day is enough with 1-2 hours each. Cryptocurrency doesn't only revolves in trading, you can also read news about it which is very beneficial.

Hypnosis00

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I don't think that it is true, it is best to spend time in trading but don't actually trade but only study the graph or the chart of the coins that you are watching in order to find some patterns or signs if that coin is a good buy or not because that is the best thing to do when you don't have other things to do. Spend a lot of time in trading but only for education purposes.

ImSuparmin

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Quote from: amskas on July 24, 2017, 05:17:31 AM

i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically. Cry

what is your opinion?

before you follow the trading you should first know deeper all about trading, and from there you will get knowledge and learning, be it about trading also you can control your emotions before and plunge in the world of trading, and you will be more ready in gain profit or loss.

ImSuparmin

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yes, we should be able to divide the time to do activities other than trading, for example we can follow bounty, because if we experience losses in trading we can wait for other income from following bounty, as the proverb says '' while diving drinking water ''.

Ziskinberg

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Quote from: Borisb52 on January 25, 2018, 03:50:00 PM

In order to trade in plus, you need to constantly monitor and analyze the market. And this requires a lot of time. Otherwise, it just will not work out. Therefore, if someone tells you that you can successfully trade without spending a lot of time - do not believe it.

I would not call that a lot of time if you love what you are doing, if you put passion on it you will not mind the time to spent
because eventually you will be rewarded when you become consistent in making good decision that will lead to bigger profit. Trading is risky but
great dedication on what you are doing, you can eventually minimize the risk.

Bezobraznike

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Quote from: Lupus Solitarius on January 26, 2018, 05:03:30 PM

Be careful; trading is a kind of videogame, and as any videogame it can become a strong addiction: in short time you start to neglect family, friends, your health, you start to lose nights on the plattform.
It's a dangerous situation (I was in it - in forex - until I had a severe nervous breakdown.)
Discipline yourself, decide a limiten number of hours and respect the program: health is more important than money.

You are talking about trading that can provide high monthly income, like second job.
When its about earning money that is acceptable addiction, people wish to earn as
much as they can with trading and they spend more and more time doing that. Do not
blame them they wish to provide money for their needs.
Health is when you sit at home, drink coffee and earn money with trading. Health is
not when you go out so some weak paid job on the rain and wind.

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