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Topic: Don't Spend Too Much Time Trading? is that true? - page 32. (Read 17492 times)

full member
Activity: 448
Merit: 100
Lets Go Adab
Trade takes too much time to not make the wrong move, otherwise it will look like a gambling game and instead of profit you can only get frustrated. If there is not enough time, it is better not to start trading.

It was already like gambling from the start. New traders here usually suffer from their emotions when their coins value is decreasing they immediately sell at the lower price and that's how they lose their profit. But maybe if they hold their coins longer then maybe there's a chance to gain profit from it. Trading is frustrating sometimes because you need to have patience on waiting till the price rise again.
hero member
Activity: 966
Merit: 552
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?

Do not blame yourself, I also spend so much time to trade and I earn quite a lot from this bitcoin, often read new articles let me get more profit.
Why you don't trade using long time strategy? Monthly or yearly you just need buy and hold then sell couples months or years later,
 it will not spend too much time in trading, this strategy will gives feels relax because we just invest for long time in altcoins good fundamental and still can be enjoy our real life than always stay on the computers to trading. Cheesy
full member
Activity: 504
Merit: 100
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?

Do not blame yourself, I also spend so much time to trade and I earn quite a lot from this bitcoin, often read new articles let me get more profit.
legendary
Activity: 1456
Merit: 1005
Trade takes too much time to not make the wrong move, otherwise it will look like a gambling game and instead of profit you can only get frustrated. If there is not enough time, it is better not to start trading.
it make people to feel stress. yes it makes people worrying or it makes people feel confused but i think it is very good also to spend more or more in it at the initial level because it is really helpful for you to learn the movement of the coin and progress of different coins.
i think spending more time in trading makes you efficient trader.
i have also experienced it
We must spend more time or else we will get lost in trading. This is not a game to play this is one type of work to make money. Without having any proper knowledge about trading if you do. Then there is no difference b/w gambling and trading. When you enter this trading filed you should spend a lot of time to learn how the crypto coins will work in the market. Then only you can become a professional trader.
full member
Activity: 152
Merit: 100
Keeping trading journal where write down every promising setup and target may help to reduce emotional decisions. It's more disciplined approach. Entry by stop-limit orders is also step away from messing trading.
hero member
Activity: 642
Merit: 500
Trade takes too much time to not make the wrong move, otherwise it will look like a gambling game and instead of profit you can only get frustrated. If there is not enough time, it is better not to start trading.
it make people to feel stress. yes it makes people worrying or it makes people feel confused but i think it is very good also to spend more or more in it at the initial level because it is really helpful for you to learn the movement of the coin and progress of different coins.
i think spending more time in trading makes you efficient trader.
i have also experienced it
hero member
Activity: 1456
Merit: 624
Maintain Social Distance, Stay safe.
If you don't spend too much time in trading you are just losing opportunity to make a profit for every movement of the price of altcoin or bitcoin..
You need to always monitor the movement of the price or if you want to lessen your time spent in trading you should use some tools like an alarm from bitcoinwisdom or any apps you can download in your phone that can gives you alarm when the price hit the price you set because if you don' monitor you are just wasting the time making  a profit in trading..
sr. member
Activity: 423
Merit: 250
If I know something is that you should never sell out of fear. Let's take for example the current situation with 1st august, everyone started selling because they thought there will be a chain split. The price reached almost 1800$ and then, BIP91 locked in and more news showing that SegWit will actually get activated soon, the price started increasing again at ~2800$.
Those who sold lost a lot of money (If they bought again) but that wouldn't happen If they only waited a little bit. If you are trading some pump and dump coins, the market could crash in a matter of seconds, instead, trade coins that worth it and you will definitely see results in the long term.
If you are in to trading you should know that there is always a risk in all types of trading investment. Because the changes is much more likely to happened. Hence we should think positively the way that it may Serve as a good reason for us to make the most out of our tradings to earn more and to have a bigger profit in the future. So support and always take the risk because in order for us to achieve something we should always try and try.
sr. member
Activity: 419
Merit: 250
Trade takes too much time to not make the wrong move, otherwise it will look like a gambling game and instead of profit you can only get frustrated. If there is not enough time, it is better not to start trading.
Yeah, this is the reason we should choose working job in outside or find some jobs stable in Bitcoin, example: Signature campaign and freelancer are best choice for newbie want find Bitcoin jobs.
jr. member
Activity: 55
Merit: 10

Time management is crucial in every aspect of human life.

If anyone want to acheeve ,any success in any field, time mast be spent. No other way.
Time is what we have "for free",but also most expensive... so, we all should try spent it wisly:)

There is no universal "advise" how much time to spent,for successfull trading ,but there is some "tools" to avoide "bug losses".

IMO. better to never make any decision ,in the evening whwn your brain is "tired" and emotions previle under logic...
Better to spent evening with friends, book,cinema, boy/girl friend:)
Separate wallets from each other... from "hot wallet" trade "hot" coins, for 1-2 week
from "medium wallet"- trade coins you know better then "hot" and trade 1-2 month perspective..
and last "cold wallet" ... for matured BTC or ETH for a looong position...

then your "hot" losees, not hart so much:)
sr. member
Activity: 602
Merit: 250
Trade takes too much time to not make the wrong move, otherwise it will look like a gambling game and instead of profit you can only get frustrated. If there is not enough time, it is better not to start trading.
sr. member
Activity: 402
Merit: 250
In fact you do not need to waste a lot of time in trading, because when you've analyzed, you just have to wait and be sure with the results of the analysis you're thinking about. Well, you just have to wait and do the other, but there will be other sensations if you always see them.  Grin
and if you got at a wrong entry point then, you can still re-evaluate and study again, while at the same time you are holding it. there isn't any wrong on holding for a wrong time or selling instantly as long as you have profit. my tactics goes like this, i just buy for now and then hold it for long time, besides the amount I am putting or investing to it is not that much needed or considered as spare money at the same time an investment as well. just have patience in trading.
sr. member
Activity: 700
Merit: 275

Nothing like that as long as you are profitable and not emotional! You yourself agree that you are emotional while trading which not at all healthy stuff. The reason is simple, you get panicked whenever there is situation like dumping of coins, or coin loosing its value naturally. In that case you will start making the “Panick sell” loosing whatever you have invested. This must be controlled. With that only you can have good trading strategy and can sustain for loner in the market. :-)


legendary
Activity: 1218
Merit: 1000
In fact you do not need to waste a lot of time in trading, because when you've analyzed, you just have to wait and be sure with the results of the analysis you're thinking about. Well, you just have to wait and do the other, but there will be other sensations if you always see them.  Grin
full member
Activity: 420
Merit: 101
Trading doesn't take time that much only at first because you don't know what are you doing but if you get the hang of it it would be more easier.
sr. member
Activity: 616
Merit: 250
If your a beginner trading takes time to learn.
It's not instant there are many process in trading.
Always be aware that trading is a risk you can loose or earn money.
But if you mastered trading it would be only like 15 mins long.

The answer for your question
Trading takes time and patience is the key for a successful trade.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
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 more better to spend time in trading rather than in gambling like the other's do. Anyway, it doesn't bad to spend time on trading because trading is not an easy job meaning, it is just normal because you must keep updated and monitor the coins that you are trading. Anytime it suddenly change hence you must be keep updated.
Spending more time in trading is fine as long as you don't get your emotions involved. Because once it does, bad results and trade are most likely the outcome of it. To avoid emotional factors on the trade, you must be sure of the trade happening and monitoring is a very good way to help yourself calm and rely on wha't happening.

in trading, we must control our emotions and not become panic when we see bad things happen. only us that will know how much we want for spending our time but I am agree that we don't have to spend much time for trading. we still have another things that we should do for our life. so do trading and expect for profit while we must be careful to make decision to buy and sell coins.
full member
Activity: 336
Merit: 100
Ahhhh, i think, you need more experience in trading bitcoin. A mistake is delayed success. So, analyzing your mistake, learning it. In early, u must monitoring chart about movement price in bitcoin, do it and repeat until u have more experience in trading bitcoin.
sr. member
Activity: 568
Merit: 250
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 more better to spend time in trading rather than in gambling like the other's do. Anyway, it doesn't bad to spend time on trading because trading is not an easy job meaning, it is just normal because you must keep updated and monitor the coins that you are trading. Anytime it suddenly change hence you must be keep updated.
Spending more time in trading is fine as long as you don't get your emotions involved. Because once it does, bad results and trade are most likely the outcome of it. To avoid emotional factors on the trade, you must be sure of the trade happening and monitoring is a very good way to help yourself calm and rely on wha't happening.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
Trading is a crucial task and should be done with care especially when you don't think logically and go with emotions. The first thing should be putting your emotions aside because market sentiments don't work that way (and I learned the same thing with my own BCH investment mistake).
It is not as simple as how it sounds theoretically. You cannot stay calm when you are capital is at peril. Only for professional it will be possible to put their emotions aside. But to reach the state of being professional, a common man must need to face many similar situations.

Secondly, set a goal and if you see it getting reached, get out without waiting for more higher prices because markets can go against you any time.
This also kind of emotion control. Because when we are seeing some profit then we will start focusing on next targets. Controlling our greedy is also possible only after being a professional traders. I do not think it has nothing to do how much time we are spending in front of markets.
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