Don't Spend Too Much Time Trading? is that true? - page 24.

richminded

sr. member

Activity: 798

Merit: 268

Quote from: vasilischoutas on October 31, 2017, 11:11:13 AM

Yes don't spend too much time on trading. Your brain will be tired.And you will make the wrong decisions, bad selections . Make your brain relax then your brain will make the right things.

It's really hard to make decision when you are stressed reading all the charts. Yeah for me don't spend too much time on trading since it's really hard to analyze the market and the price movements and you might loose your social life. So balance everything and manage your time well so you will not loose your family just to make good money.

raven7886

legendary

Activity: 1512

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Quote from: bmichael05 on October 31, 2017, 11:02:36 AM

I know that the biggest profits were made by long-term investments. HODL i mean. Conclusions do it yourself.

Straight to the point conclusion, just do it yourself. I have always prefer long term anyway than day trading and it has worked pretty much for me so far. I still make use of the normal strategies I have and I look for the perfect moment to buy in which to me seems like the best.

Still, too much time on trading sometimes can always affect your level of thinking as you get so stressed out at the end, I am relating that to day trading though but just setting orders and just leaving the platform to do its thing at the end seems more to me like a better way.

naidray

legendary

Activity: 1232

Merit: 1029

Quote from: OracionSeis on November 02, 2017, 01:58:04 PM

Spend much time for decide before buy/sell is good, you need to do that because you won't regret after all in future. Of course, too much time for trading can make your life have trouble, because not only trading need you spend your time to work, take care your health important make money.

In life, there should always be a balance. If you do something too much, then you may even end up doing it badly and then it affects you. Always have a limit and give room for other activities. I stopped day trading because it was affecting me every now and then which I see as something not good.

Long term to me even sounds much more better as you only have few minutes to make decisions, set your trade and then come back may be next day to see which one has gone through or which one to set again.

Victorycoin

hero member

Activity: 1134

Merit: 517

Quote from: stomachgrowls on July 24, 2017, 06:25:41 AM

Quote from: amskas on July 24, 2017, 06:17:31 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.

When you stay glued to your trading platform, you will most likely end up over-trading and taking up positions you ordinarily won't have taken. Mistakes become inevitable because of fatigue and inability to differentiate between real market signals and noise. A way out, is to always have at least a daily trading plan, drawn from one's market studies and analysis and sticking to them religiously.

aspirinix

newbie

Activity: 42

Merit: 0

If I was holding my investments from first day I would have 3x more money than now. But its fun to trade.

sheryl26

full member

Activity: 322

Merit: 100

Quote from: amskas on July 24, 2017, 06:17:31 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

Krillin61

full member

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Quote from: amskas on July 24, 2017, 06:17:31 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 true indeed that you musn't spend too much on trading you should also try earn in other way like investment, mining and through this forum. Having an alternative way to earn bitcoin will give you higher profit. Having a single source of income will not make you successful you should find another way.

Cacingkemi

hero member

Activity: 1484

Merit: 516

In my opinion actually spend time to trade is a necessity because you are a trade which should always look at the price and read it,It's not bad to spend your time there but good because yah really must.Don't get panicked emotions must remain calm if inside a market.

konco_kenthel

full member

Activity: 378

Merit: 100

Quote from: amskas on July 24, 2017, 06:17:31 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 are in bad condition or do not feel well stop for a moment to trade Because we automatically do not always focus on the job and the possibility of frequent high emotions that can result in fatal and result in losses to all assets you have can run out quickly.

changcloy

full member

Activity: 448

Merit: 107

i never do trading but i think if you do trading you are prepared for what will be the consequences because in trading you cannot predict what will happen if you will get more profit or you will be scam. if you are so focus in trading you might get ill so give time for your self to relax and just don't expect too much..

cinchin

sr. member

Activity: 308

Merit: 250

Quote from: ?? on ??

Quote from: amskas on July 24, 2017, 06:17:31 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?

That's actually the most probable thing to happen when you spend too much time in trading. You should not focus too much on the movement of the prices of cryptocurrencies in the market. Instead of watching the market the whole day, you should enjoy your life and use your day productively in other activities.

Also, keep in mind that trading is not a one-time job. You should treat it like a seed that you'll sow and will take care for a long time before it bears fruits.
Don't rush your investments to grow. You should be patient enough and stay calm, especially in money matters. There's no such thing as INSTANT MONEY. Everything needs time to grow and develop. And the thing that you should always avoid is MAKING DECISIONS WHEN YOU ARE IN NOT FEELING GOOD. In this business, it should be MIND over EMOTION.

- We spend too much time observing the price, our psychology will be very easy fluctuate and influence our decisions, we will always live in a state of hope, anxiety and fear, if this situation lasts, we will be very uncomfortable and the way to solve this problem is that we will sell everything
- Trading is a battlefield, it is not for the weak and can not control emotions, it is only for brave people and calm in every situation, we should determine the price to buy and the price to sell, the price to cut losses before investment, it can also be said that we are putting a limit on ourselves, it will help us to have methods in the face of different situations in trading.

Hassan02

hero member

Activity: 743

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Quote from: OracionSeis on November 02, 2017, 01:58:04 PM

Quote from: malikusama on October 31, 2017, 10:53:52 AM

Quote from: amskas on July 24, 2017, 06:17:31 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?

Too much time for trading or making decision? I think taking too much time for trading isn't bad but taking too much time for decision making is of course a bad thing, you should be attentive and quick in decision making to grab the opportunity else you will loose.
Keep your emotions aside if you are in this business, keep calm, control your emotions and be logical if you really want to be a successful trader here.

Spend much time for decide before buy/sell is good, you need to do that because you won't regret after all in future. Of course, too much time for trading can make your life have trouble, because not only trading need you spend your time to work, take care your health important make money.

making decision are not done quickly of course you have to think carefully of it before you decide , and yes we dont have to take too much time in trading because the emotion that we can get on it let just say that typical emotion like panic selling so dont take to much time on trading but take time on making decision in trading.

Kikeeping

full member

Activity: 280

Merit: 100

Most of us forget and fall asleep with time management. We are obsessed to continue and continue to make money. Forcing the physical and mind to work more. So, the maturity of analysis to be reduced, because the physical has been weak. spending alot time on trading isn't only bad impact to decisions we make, but also on health and social side.

OracionSeis

hero member

Activity: 756

Merit: 500

Quote from: malikusama on October 31, 2017, 10:53:52 AM

Quote from: amskas on July 24, 2017, 06:17:31 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?

Too much time for trading or making decision? I think taking too much time for trading isn't bad but taking too much time for decision making is of course a bad thing, you should be attentive and quick in decision making to grab the opportunity else you will loose.
Keep your emotions aside if you are in this business, keep calm, control your emotions and be logical if you really want to be a successful trader here.

Spend much time for decide before buy/sell is good, you need to do that because you won't regret after all in future. Of course, too much time for trading can make your life have trouble, because not only trading need you spend your time to work, take care your health important make money.

vasilischoutas

newbie

Activity: 32

Merit: 0

Yes don't spend too much time on trading. Your brain will be tired.And you will make the wrong decisions, bad selections . Make your brain relax then your brain will make the right things.

bmichael05

member

Activity: 66

Merit: 10

I know that the biggest profits were made by long-term investments. HODL i mean. Conclusions do it yourself.

romecheo

full member

Activity: 476

Merit: 101

Precisely, imagine if you spend too much time watching exchange for the up or down of your coin value, you may get sick.

If you were truly believed the coin/token you choose are having a great potential, then buy it, leave it there for 2 to 3 months, however, you should follow news and updates about your coins.

Iveyalla

full member

Activity: 392

Merit: 100

Very true. Spending alot time on trading isn't good for our psychology, because emotion will more dominant than our true analytical ability. Be sure only at certain times the day. Usually traders who spend alot time only get small fish by risking a large boat. Difficult to succeed long term.

malikusama

copper member

Activity: 1050

Merit: 294

Quote from: amskas on July 24, 2017, 06:17:31 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?

Too much time for trading or making decision? I think taking too much time for trading isn't bad but taking too much time for decision making is of course a bad thing, you should be attentive and quick in decision making to grab the opportunity else you will loose.
Keep your emotions aside if you are in this business, keep calm, control your emotions and be logical if you really want to be a successful trader here.

Daveeoff

hero member

Activity: 611

Merit: 500

Maybe its not for you if you really start making emotional decisions. Personally I don't really care for my money as I know long term I am gonna be just fine.

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