Don't Spend Too Much Time Trading? is that true? - page 23.

Wesimon

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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?

Spending so much time in trading actually makes you more profit. I suggest you to control your emotion, this would only happen through keeping yourself checking the price movement from time to time. Watching over it whole will absolutely trigger you to make wrong decision. Most profit grows due time, there is no instant way of earning money. Trading is not a short time investment, it demands long period.
The discipline of waiting is a must for trading. Always look at the future return than the changes in the market. Keep away from monitoring from time to time and make other activity you could do.

nguyendnc

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In trading you require complete understand of Bitcoin and its market . It require skills to analysis and do forecasting which will help you buy at the lower rate and sell at high.

Golftech

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Quote from: sevendust777 on November 06, 2017, 09:50:28 AM

Quote from: kamudd on November 06, 2017, 09:22:43 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?

The key to success in trading is to be patient and be able to control your emotions. I think in trade you do not need to spend a lot of time to watch it but you should be able to choose the right time to buy and sell.

Yes, patience is one key to success when it comes to trading. Also depending on how you trade like If you are a daily trader you would likely spend most of your time in trading. Spending too much time in trading is good as long as you are learning from it. Analyzing the market will be an advantage if you spend time on it.

spending too much time can help you to be more familiar with movements of certain project and what are those who influence the flow, as we knew that there's a lots of possibilities why project are being supported, and with dedication with your activities you will gain a lots of knowledge just be more wiser not using any emotions but try using good senses.

ASICHEAD

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Quote from: BaeNaNa on November 06, 2017, 09:09:32 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?

It is depends n what kind of trader you are, for example my head will hurt if i keep looking at the price every hour so daily trading really isn't for me as it's required to keep monitoring the price movement. It is different with people that's used to do daily trade, they can keep their focus when trading. If you are not used to it, spending too much time will wear you down and can make you do stupid decision.

Remember, follow the chart price of the cryptocurrency can make you easily change your decision. Because the volatility of the market always strongly while you not ready this. Therefore, if the volatility can make you worry, you will have bad choice for your investment.

sevendust777

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Quote from: kamudd on November 06, 2017, 09:22:43 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?

The key to success in trading is to be patient and be able to control your emotions. I think in trade you do not need to spend a lot of time to watch it but you should be able to choose the right time to buy and sell.

Yes, patience is one key to success when it comes to trading. Also depending on how you trade like If you are a daily trader you would likely spend most of your time in trading. Spending too much time in trading is good as long as you are learning from it. Analyzing the market will be an advantage if you spend time on it.

kamudd

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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?

The key to success in trading is to be patient and be able to control your emotions. I think in trade you do not need to spend a lot of time to watch it but you should be able to choose the right time to buy and sell.

BabyBoss

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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?

If you actually start to go in the world of trading you must also spend time but not that too much. Yes even though it is needed sometimes but don't do it everyday because I think if you do it everyday and spending too much to wait on the price. You are looking 100x everyday that will be possible that you will become emotional when it comes in your coins.

BaeNaNa

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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?

It is depends n what kind of trader you are, for example my head will hurt if i keep looking at the price every hour so daily trading really isn't for me as it's required to keep monitoring the price movement. It is different with people that's used to do daily trade, they can keep their focus when trading. If you are not used to it, spending too much time will wear you down and can make you do stupid decision.

aldrian09

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Quote from: phpartisanmaster on November 06, 2017, 01:40:27 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?

You can do everything simultaneously depending on your time management, I can do trading while working on bounty campaigns and sometimes i am looking for an ico where i can do translations for their platform, Its all about time management.

There are only few people who can do what you can because we know that if you want to be a good trader you need to spend sometimes for your trades. Maybe trading is really your skills that is why you can juggle your time with trading and your day job.

gabmen

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Quote from: ?? on ??

Quote from: hersey27 on November 06, 2017, 05:47:59 AM

I don't think that it is bad to spend too much of your time on trading .
Because putting your time and effort on trading might give you good fortune ..
It is normal for a trader to spenf time on trading as it was their source of income
Who knows !!! What if oneday it will all end up in good things

yes you need to spend time in trading and too much time will work if you do that.I think that's not true if you only spend little time in trading its risky so you need to monitor it day by day or time to time because the price is volatile i think more on altcoins are so volatile,its money so you need to give more time for your own good

Well that's basically for people who aren't too good when it comes to handling their feelings. Spending a lot of time observing the market movements may be too much for some people to handle and its better to spend little time and leave orders

N0ssi

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Quote from: BTCLovingDude on July 24, 2017, 05:33:16 AM

it depends on what you mean by "spend time". wasting time for example is not proper way of spending it. and that's what most people do.

but if you spend time constructively by
studying the market,
analyzing the charts,
learning how to trade,
reading articles,
watching the movement on charts and thinking about reasons for each change
....
that would be a good thing.

some people even start "demo trading". if the platform allows that (crypto trading platforms rarely have this feature) then even better, but if not on paper or in an excel sheet. placing imaginary buys and then watching if they get filled, then placing imaginary sells and finally seeing if you could make profit.

all trading needs is experience. to know how things work and then acting fast.

Best advices i read here so far!

Just want to add: train to control your emotions. It's only human to let emotions control your decisions - but in trading as well as in gambling it's 100% neccessary to avoid that.

hersey27

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I don't think that it is bad to spend too much of your time on trading .
Because putting your time and effort on trading might give you good fortune ..
It is normal for a trader to spenf time on trading as it was their source of income
Who knows !!! What if oneday it will all end up in good things

AjithBtc

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With trading, more the time spent more will be the profiting. If you are a large volume of asset holder, then even a small price change will get you a profit. For the same one need to be highly observative. Based on the fact, more the time spent will lead to knowing better about the market yielding better profit.

Qartersa

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You cannot survive in trading business if you are too emotional about winning and losing. You have to master the art of thinking logically rather than being too emotional about trivial matters. In this business, it is important to listen to your gut feeling but at the same time work hard to get the luck you need. You cannot just sit, and wish for things to happen. You have to do something that will help you reach your full potential. And as I have said, study your data well, and be resilient in times of losses. It is all part of the cycle. Do not give up!

phpartisanmaster

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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?

You can do everything simultaneously depending on your time management, I can do trading while working on bounty campaigns and sometimes i am looking for an ico where i can do translations for their platform, Its all about time management.

Chibykesman

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Interested in bitcoin

It is not all about spending too much time on trading, question should be what are you trading.
It does matter how much more, or time I spend on trading as far what I do I will achieve from it, time spending does matter.

vv181

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The problem is a novice trader wants to confirm the advisability of his trade by taking profit whenever possible. Trading with small percentage gain that's what makes overtrading. The solution is to minimize the risk and Maximize the return.

wayaneka

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Yes that true, because when we spend too much time in trading we will be greedy and will be emotional in trading because we felt tired. Keep focus but not over trading is much better so we can keep emotional. Keep psikilogis in trading is most important to get consistent profit than skill about technical analysis.

JTASSOCIATES

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Spending too much time in trading is not a wrong stratagem.

Trading is 100% risk without taking risk in life it is not possible to achieve in life.

By giving time in trading we will get more chance of analyzing the positive and negative of the investment once it get high we should not hesitate to book the profit and when it is in dip we should not panic and start selling it. We should stick with the basic of sell at high and buy at low.

MMA

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Quote from: sheryl26 on November 03, 2017, 10:01:11 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?

Yeah do not waste a lot of time through trading because it will just waste your time. Think from a lots of other ways to gain money to gain bitcoins because if you obly rely on only one source of income you will not succeed in this business. Do spend a lot of time through signature campaign bounty campaign twitter campaign and a lot more ways to gain different coins and tokens and that is the time you will do trading but it will not take too long. It is just a day of trading and wait for it, while waiting do some other jobs

Trading is a profession and is a mean of earning money. I think it is depending on your experience to become more effective in trading and you can experience in trading if you are spending more time in trading. There are a lot of experience traders they in fact reach to that level because they have spend a lot of time in trading and now they know all the good and bad in trading. he can also choose the right time to trading, so trading is require a lot of experience and that one can get with the passage of time.

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