Don't Spend Too Much Time Trading? is that true? - page 27.

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Quote from: d1ceplayer on September 02, 2017, 06:21:06 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?

Every investor should be disciplined and should learn the principles of time management in his/her daily lives, its not about spending much time trading, it is how much, how effectively you utilize the time you spend trading online

Time management and discipline is the key to success in practical life. Time is not only money but gold, diamond etc too. Killing time in useless activities means killing opportunities for learning new things, trying out what you learned etc.

As far as spending time at trading is concerned, I agree with you that what matters is in which way you spend your time, not how much you spend.

Sadnu

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It is true that you will not spend too much time in trading because you can lose money because you want to earn money immediately. Trading is up and down and if you look at the movement it can bring you emotionally. Emotion to sell because you lost. Emotion to sell instantly because you earn. And many more have been called automatic sell. Where you can set it as you want it to be. And that's what you do because most trading focuses are really experts and they know the trend. same like me i did not know much about trading so i took my emotion. when I mistakenly sold the Altcoins I purchased. Hopefully now I will earn about $ 20,000 that is of great value to me country. But it's too late because I sold my holding coins. I would have changed my life now that I did not make a mistake in my decision earlier. And that's because of my emotionally selling instantly.

Granxis

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Quote from: MrBitter on September 03, 2017, 10:33:46 AM

This is not true providing you know the trading techniques and know when to buy/sell and from where to buy/sell. More you trade better will be your understanding and prospect to buy/sell frequently will yield you profits during the course of time. There may be few losses as well considering the price fluctuation which Bitcoin go though but this should not stop you from trading all you have to do is consider the risks and don't invest more than what you can afford.

Yes this is the best rule, don't invest more than you can afford... don't use all money/btc on one coin... and it is better to have coins in different places, than you can do also arbitrage if possible.

A very important point is that if you lose an amount that you will not worry about, you will not have constant stress, I often deal with small amounts, even if I go into big bucks, even in my dreams.

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Quote from: MrBitter on September 03, 2017, 10:33:46 AM

This is not true providing you know the trading techniques and know when to buy/sell and from where to buy/sell. More you trade better will be your understanding and prospect to buy/sell frequently will yield you profits during the course of time. There may be few losses as well considering the price fluctuation which Bitcoin go though but this should not stop you from trading all you have to do is consider the risks and don't invest more than what you can afford.

Yes this is the best rule, don't invest more than you can afford... don't use all money/btc on one coin... and it is better to have coins in different places, than you can do also arbitrage if possible.

Having other coins and not just purely focused on bitcoin is also a wise thing to do because if we do have lots of potential coins in our portfolio then making money would be somehow possible if those coins would rise up its price either on short or longer terms.You do have lots of choices comparing on having one.Engaging on trading on prolonged times would somehow help you to develop as a better trader but this would only depend on what kind of of trader you are either an active or for long term.

MrBitter

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This is not true providing you know the trading techniques and know when to buy/sell and from where to buy/sell. More you trade better will be your understanding and prospect to buy/sell frequently will yield you profits during the course of time. There may be few losses as well considering the price fluctuation which Bitcoin go though but this should not stop you from trading all you have to do is consider the risks and don't invest more than what you can afford.

mightaswellallowanonymous

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How else do you wanna daytrade lol

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Quote from: dhampir-D on September 03, 2017, 08:13:10 AM

Quote from: webdevmastery on September 02, 2017, 01:44:33 PM

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 will only depends on the person if he/she is really into trading if you are working hard daily checking the charts and the movement of the coin and doing some analyzation then this is what a professional trader is doing and it will really lead you into more money. In my opinion those who lose too much profit in trading are traders that doesnt do well obviously and just want to switch on other jobs that are related to bitcoin.

You're right. Most often long term holding is more advantageous, but some people can not afford to live only from their holdings, and trading is a way that allows them to have bigger gains. For some people, trading is not an option, it's a daily job.

Trading gives bigger profit, for which one should not consider it to be the day job. With people who can afford to loss without any decline in the standard of living could make it a day job. In my personal thinking, more the time spent more will be the profiting as the price varies each and every second.

dhampir-D

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Quote from: webdevmastery on September 02, 2017, 01:44:33 PM

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 will only depends on the person if he/she is really into trading if you are working hard daily checking the charts and the movement of the coin and doing some analyzation then this is what a professional trader is doing and it will really lead you into more money. In my opinion those who lose too much profit in trading are traders that doesnt do well obviously and just want to switch on other jobs that are related to bitcoin.

You're right. Most often long term holding is more advantageous, but some people can not afford to live only from their holdings, and trading is a way that allows them to have bigger gains. For some people, trading is not an option, it's a daily job.

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Quote from: pairinpay on September 01, 2017, 02:15:17 AM

If you just stare at the charts and start second guessing yourself at every minor move, that's time wasted. Keep calm with trading and controling you self.

Yes, keep calm with trading. You cannot become a master in a day or two. It is a slow process which will definitely take some time. All you need is to focus and try to remember what you learn. Learn less though but learn well. If you manage to learn well, you get a huge profit in return for sure.

babsjoe

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Active traders are the ones who spent their whole life learning how to trade. They are also responsible for big potfolio and they are very skillful. You can not be behaving like them neither should you trade everyday. It simply nit reasonable.

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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?

.
The same happened to me. Especially on cryptocurrencies it is the best to create a portfolio with several coins and just keep it.

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Quote from: ReLieD on September 02, 2017, 01:17:28 PM

False, the more time you spend in trading the more profits you'll make if you are a good trader . Because I have seen many people they are online full day and they keep trading , a very small profit after every trade and that way it turns out to be a big profit in the end .

I do not think so, it depends on each person, some people spend a lot of time for trading because they traded the day, not hold in the long term, they have experience and they can control emotions, that helps them make no wrong decisions or panic selling. For beginners with trading, they do not have the experience, spending much time trading only makes them panic when prices fall sharply. Before trading, we need to determine that we are trading day or holding in the long run and from there, we can know the time we spend trading is long or short.

webdevmastery

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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 will only depends on the person if he/she is really into trading if you are working hard daily checking the charts and the movement of the coin and doing some analyzation then this is what a professional trader is doing and it will really lead you into more money. In my opinion those who lose too much profit in trading are traders that doesnt do well obviously and just want to switch on other jobs that are related to bitcoin.

ReLieD

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False, the more time you spend in trading the more profits you'll make if you are a good trader . Because I have seen many people they are online full day and they keep trading , a very small profit after every trade and that way it turns out to be a big profit in the end .

d1ceplayer

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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?

Every investor should be disciplined and should learn the principles of time management in his/her daily lives, its not about spending much time trading, it is how much, how effectively you utilize the time you spend trading online

Darknight31

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Quote from: pedrog on July 24, 2017, 06:52:07 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?

Sometimes the best trade is no trade at all.

It is very difficult to predict the future, and we can make mistakes if we start feeling the pressure to sell or to buy, staying away helps to gain perspective.

Sometimes when you wanted to earn money you will avoid do or enter jobs or money making business that steals money instead of making them. Trading is very risky to do. A person who wanted to enter it must be full of determination because you will lose if you just battle just to earn. Of course a person likes not just one time earning but multiple times.

Emworks

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It depends on what situation..let say if you really wanted to improve your skill on something you want, you really need to spend a lot time learning new things everyday on craft you choose., it also works the same on trading.spending a lot of time exploring, analyzing chart movement, calculating risk, planning and strategizing is much needed in terms of trading.until such time you became a Pro..i really wish i have a lot of time like you guys so i can improve and develop my trading skills.

iv4n

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Quote from: yoonah on September 01, 2017, 10:58:45 AM

Quote from: thunderbitz2717 on September 01, 2017, 01:18:31 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?

Spending time in trading is depend on you. If you really want to learn it with strong determination, of course from the start you will really stay in there for a long hours. Now if you are good enough, still up to you to stay long, but for me its okay if you get big profit anyway in doing trade in th platform.

Right if someone is determine to learn how to trade then it will require someone to spend more time in trading since its not easy to learn trading and it will take months or years to finally read a chart correctly even those who are already pro in trading they are still learning a long the way.

OP have a problem with concentration, when you are doing something for hours you loose a focus, more then couple hours will make your brain tired, you will get sleepy. I felt same after to many hours spent watching in the computer playing some casino games, and trading in the same time, and same happened to me I made some very stupid mistakes in that moments.
I learned on my mistakes, I don't spend so much time doing anything, maybe that comes with years. When I lose concentration I stop with any work I'm doing, when I get some rest I start again. This is very easy to try and you will see results after very short after.

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Quote from: thunderbitz2717 on September 01, 2017, 01:18:31 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?

Spending time in trading is depend on you. If you really want to learn it with strong determination, of course from the start you will really stay in there for a long hours. Now if you are good enough, still up to you to stay long, but for me its okay if you get big profit anyway in doing trade in th platform.

Right if someone is determine to learn how to trade then it will require someone to spend more time in trading since its not easy to learn trading and it will take months or years to finally read a chart correctly even those who are already pro in trading they are still learning a long the way.

Buckwheet

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ya. Don't spend too much time on trade. I had made many mistake when keep online everyday.

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