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Topic: Don't Spend Too Much Time Trading? is that true? - page 33. (Read 17490 times)

legendary
Activity: 1414
Merit: 1039
well to make alot of many you need a lot of time doing one thing or the other...in my view for a trader u need to watch the makert at all time if you can...i know people who employe people to just sit and watch the market....so it totly how much trade u r looking in to

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. If you understand the forecasting you can make lot of money else you may otherwise even lose it .


Yes and through that needed understanding you end up spending a lot of time researching and making your own opinions on investments. To answer OP's title question I think that there is no way to properly trade and be in profit if you don't spend ample time on signals. It's a very involved process which is why there are so many people who have dedicated jobs just about this.
full member
Activity: 812
Merit: 142
well to make alot of many you need a lot of time doing one thing or the other...in my view for a trader u need to watch the makert at all time if you can...i know people who employe people to just sit and watch the market....so it totly how much trade u r looking in to

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. If you understand the forecasting you can make lot of money else you may otherwise even lose it .
sr. member
Activity: 308
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.
Trading is not an easy way especially if you doesn't know how to manage your emotions also in gambling its a lost of control so in order to have a good trade you need to control it or set an amount then leave the trade have some notification on your coins. Spending time in trading and all day watching may effect you to sell or buy just because on what you see in the charts and price.
- Yeah, in trading, we need good emotional management, and so I think we should not spend too much time on the trade, it makes us easily lose control and panic selling, spent too much time for trading is a common mistake of many traders
- We should know trading is a psychological game, and when we start trading, time, price and pressure are factors that make our psychology easily affected, spend too much time to observe the price, we will more easily make mistakes, we need to limit that
legendary
Activity: 2618
Merit: 1105
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). 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.
sr. member
Activity: 462
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.
Trading is not an easy way especially if you doesn't know how to manage your emotions also in gambling its a lost of control so in order to have a good trade you need to control it or set an amount then leave the trade have some notification on your coins. Spending time in trading and all day watching may effect you to sell or buy just because on what you see in the charts and price.
legendary
Activity: 3122
Merit: 1140
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?

In trading you need to control your emotions because once it overtook you then you are bound to lose because you are not rational with your decisions. Since you are still new in trading, you should spend more time to have the experience necessary to be able to trade without the hindrance of your emotions because you can fully control it when you practice consistently. You can develop your own trading strategy and will know what aspects you need to strengthen to have a profitable trading.
Experience and Knowledge would really mold up along the way if we do make trading for longer periods of time and engaging with it simultaneously and as being said we would able to enhance our skills and at the same time that emotion that do affects us when we are still newbie would already be controlled.It really takes time and we should not really be in a hurry to make good trades there are lots of factors will surely affect you along the way.
sr. member
Activity: 616
Merit: 262
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?

In trading you need to control your emotions because once it overtook you then you are bound to lose because you are not rational with your decisions. Since you are still new in trading, you should spend more time to have the experience necessary to be able to trade without the hindrance of your emotions because you can fully control it when you practice consistently. You can develop your own trading strategy and will know what aspects you need to strengthen to have a profitable trading.
sr. member
Activity: 854
Merit: 267
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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.
sr. member
Activity: 477
Merit: 501
For me its better to spend more time in trading because for sure if you spend more time in trading you can know the coin pumping and dumping or you can see what coin the best to buy. For sure you will earn more chances to earn bit profit if you spent more time in trading but it depends to your luck if you get profit or not. But me I think I spent only 2-3 hours as of now because im busy in school.
most of the time i have listen this term is for gambling but you are saying totally different. i am quite agree with you bro i think for me spending more time in trading helps me in getting knowledge about it and it has updated me for the up and down of the coins and help me to take the right decision in trading.
as long as you give time to trading.
it will gives you enough update so, you can automatically  take right decision for your short term or long term investment.
full member
Activity: 133
Merit: 100
Do you think it's possible to make money by spending 1 or 2h/day the evening after work ?
hero member
Activity: 1274
Merit: 513
For me its better to spend more time in trading because for sure if you spend more time in trading you can know the coin pumping and dumping or you can see what coin the best to buy. For sure you will earn more chances to earn bit profit if you spent more time in trading but it depends to your luck if you get profit or not. But me I think I spent only 2-3 hours as of now because im busy in school.
full member
Activity: 574
Merit: 105
well to make alot of many you need a lot of time doing one thing or the other...in my view for a trader u need to watch the makert at all time if you can...i know people who employe people to just sit and watch the market....so it totly how much trade u r looking in to
member
Activity: 73
Merit: 10
Trading very attractive and more traders need to watch 24\7 a day which cause lot of headache this my view i don't know about other.
legendary
Activity: 910
Merit: 1000
There is no thing as too much time to be spent on trading. It really depends on what type of decision-maker you are. If you make hasty decisions and then check the fluctuations on the market every minute and panic - that's really the wrong way to do it. But when you are balanced and grounded it's perfectly ok to give yourself time to think over your well-targeted decisions.
hero member
Activity: 686
Merit: 500
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 too much time in trading in the beginning would be definitely helpful for gaining required experience.Without spending time in trading,nothing could be learnt.But at the same time,we should not think that only spending more time in trading would help us to become a professional trader.Even it is said that professional traders do only two or three trades a month and they earn more than the newbies who do around even thirty trades during the same time.
sr. member
Activity: 868
Merit: 289
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?
Yes that's correct, If you're new in trading world industry, your start capital must be small first before you put a big amount of capital so it may not hurt you much if ever you fail to grow it.
legendary
Activity: 2912
Merit: 1068
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To become a good trader it takes time. Lot of learning, trying, experimenting on the market. Many people don't have enough patience to wait  for the results and profit so they often give up fast. I believe trading takes a lot time spent on the market, if you are present only occasionaly there is not much chance to become successful trader.
hero member
Activity: 779
Merit: 500
I have noticed that the more u engage urself in day trading, the more u enter at wrong prices, losses and bag holding. I have personally chose to be an investor with little trade volume. Day trading is only when I see the opportunity to enter and exit aa soon as I can with profit, but I don't do it everyday.
That's right. Me too i seem to be getting anxious and am having a hard time not getting my emotions involved when i day trade. I agree with your strategy dude that it going to br safer if you don't take too much time observing the market volatility because however experienced you are you'll still get that feeling of anxiety
Same with me I guess observing the market from time to time makes you nervous and want to make decisions right away before losing something but in the end you loss so much that makes you think you're not good at making decision this is where anxiety comes.
Indeed! That’s why it is countless times mentioned on this forum that trading requires a lot of patience and deep analysis. It is recommended to study your coin history before investing into it. That really helps coping dumping phases successfully. There are many methods of avoiding anxiety.
History chart price, supply and demand, mentality of trader on market, the reason make whales want create scenario, etc ... all requirements you need have if you want become to professional trader and avoid spend too much time for trading. Wink
sr. member
Activity: 994
Merit: 257
I have noticed that the more u engage urself in day trading, the more u enter at wrong prices, losses and bag holding. I have personally chose to be an investor with little trade volume. Day trading is only when I see the opportunity to enter and exit aa soon as I can with profit, but I don't do it everyday.


It is known that day trading despite its popularity is a game that only the master trader can win, the sheer amount of information that you need to absorb in a matter of seconds and then use that information to try to make the right trade is incredible, I do not know why people think that trading is easy, trading can be made easier the less trades you make and that can only be achieved if you trade for the long term and do not day trade.
sr. member
Activity: 536
Merit: 250
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I have noticed that the more u engage urself in day trading, the more u enter at wrong prices, losses and bag holding. I have personally chose to be an investor with little trade volume. Day trading is only when I see the opportunity to enter and exit aa soon as I can with profit, but I don't do it everyday.
That's right. Me too i seem to be getting anxious and am having a hard time not getting my emotions involved when i day trade. I agree with your strategy dude that it going to br safer if you don't take too much time observing the market volatility because however experienced you are you'll still get that feeling of anxiety
Same with me I guess observing the market from time to time makes you nervous and want to make decisions right away before losing something but in the end you loss so much that makes you think you're not good at making decision this is where anxiety comes.
Indeed! That’s why it is countless times mentioned on this forum that trading requires a lot of patience and deep analysis. It is recommended to study your coin history before investing into it. That really helps coping dumping phases successfully. There are many methods of avoiding anxiety.
Partly true. When we trade, we have to wait of course and we can't predict what happens next. Though it tests your patience,but there are times when it is really disappointing especially when it slowly rises or drops off immediately. I agree that we should know the history of each coin so that there's nothing to worry when trading some small amount. It will just surpass all challlenges in bitcoin
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