Don't Spend Too Much Time Trading? is that true? - page 38.

jk_14

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Quote from: Zrs on July 30, 2017, 06:39:28 AM

Quote from: CoinSpeculator on July 30, 2017, 04:39:43 AM

yes that is true.
cryptomarket is not useful for daytrading.
you should buy and forget if you want to earn something.

you are talking about long term investment, its a good option for trade but daily trade is more profitable.If you did daily trade you can make daily $50-80 easily.just you need research about the coin.I made $40 profit today from BSD coin.again also placed buy order.regularly i am doing trade with BSD,MCO,Waves,and NXT. i spend daily 3 hours for my trade.

If you trade daily you can make $1000 or even $10000 profit a day. It depends on how liquid the market is and how much you invest in trades...
Random numbers like "$50-80 easily per day" are completely meaningless without information about the trade size, volatility and draw-down etc.

Zrs

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Quote from: CoinSpeculator on July 30, 2017, 04:39:43 AM

yes that is true.
cryptomarket is not useful for daytrading.
you should buy and forget if you want to earn something.

you are talking about long term investment, its a good option for trade but daily trade is more profitable.If you did daily trade you can make daily $50-80 easily.just you need research about the coin.I made $40 profit today from BSD coin.again also placed buy order.regularly i am doing trade with BSD,MCO,Waves,and NXT. i spend daily 3 hours for my trade.

Lansky

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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 case is that the lower time interval the more volatile is the price, that's why even if you have somewhat more than 90% probability of profit per year, this probability will lower down to almost 50% if you decrease interval to 1 day. So if you spend too much time checking the price, charts, etc, it's like playing coinflip. Moreover when you see the price is going down, your mood gets worse more than up, when the price is rising (I talk about the case, when you go long position) - that's a human nature. The conclusion is that you better spend more time on doing other things, self-developing, reading books and analyzing different new strategies, rather than keep monitoring your trading positions.

CoinSpeculator

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yes that is true.
cryptomarket is not useful for daytrading.
you should buy and forget if you want to earn something.

noictib

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One of the world's leading Bitcoin-powered casinos

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?

Actually trading is that job which needed much time to get success and also needed to face big big losses so that you can easily estimate that one of your mistake may be results into loss , so try your new new skills to make the trading successful is not a bad idea , since you get loss but every loss in the trading will teach you a lesson to became a successful person in the trading job .
Here your time is also a type of investment and as much time you will spent with the same phase your understanding and knowledge will make your thinking profitable .
So keep your work hard in trading , and learn with every idea that get failed and always follow the basic rules of the trading .

jk_14

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Quote from: Casabrandy on July 30, 2017, 03:39:46 AM

Quote from: CraigWrightBTC on July 30, 2017, 12:59:17 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?

I don't think you are mistake because of spent too much time for trading, if you used scalping strategy ( used time prime 5 minutes, 15 minutes to making prediction of price) on trading because this strategy needs much time to stay on your computers, you take short term profit, but if you used weekly strategy trading, you don't need spend much time for stay on your computers, actually depend on the strategy be used by traders.

Right, it will depend on how busy you are maybe. Visit it when there's a free time,you don't need to watch it everytime ,overnight just set amount you wanted that coin of yours to reach then when you have time looked on it if it reached that value , if not yet then maybe the next time. Just hold the coins and token until you reach that goal of yours making sure that amount you'll set can happen in real.

Even if you have all the time in the world, you are better off studying some Mathematics and Programming in order to program a bot for short-term trading. There is no good reason to waste time sitting at the PC and trading short-term, ever.

Casabrandy

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Quote from: CraigWrightBTC on July 30, 2017, 12:59:17 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?

I don't think you are mistake because of spent too much time for trading, if you used scalping strategy ( used time prime 5 minutes, 15 minutes to making prediction of price) on trading because this strategy needs much time to stay on your computers, you take short term profit, but if you used weekly strategy trading, you don't need spend much time for stay on your computers, actually depend on the strategy be used by traders.

Right, it will depend on how busy you are maybe. Visit it when there's a free time,you don't need to watch it everytime ,overnight just set amount you wanted that coin of yours to reach then when you have time looked on it if it reached that value , if not yet then maybe the next time. Just hold the coins and token until you reach that goal of yours making sure that amount you'll set can happen in real.

CraigWrightBTC

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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?

I don't think you are mistake because of spent too much time for trading, if you used scalping strategy ( used time prime 5 minutes, 15 minutes to making prediction of price) on trading because this strategy needs much time to stay on your computers, you take short term profit, but if you used weekly strategy trading, you don't need spend much time for stay on your computers, actually depend on the strategy be used by traders.

jk_14

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Quote from: Hui8 on July 30, 2017, 12:35:49 AM

Reality says different story. You have to spend lots of time in trading so that you can understand what you are really trying to achieve. Also you must make mistakes which is the only way of learning as you will know next time what to do and what not to do. So go ahead you don't have to be really awkward about it.

And surely you will have to change your thinking and trade logically and with full alarming state. No emotions for good trader.

You don't have to trade with hard cash to learn the dos and don'ts of trading. You can formulate strategies on paper and then see how they pan out. That way you will also learn that deviating from your strategy will often result in a crash, thus you will learn that lesson without wasting money.
There are enough "safe" investments that you can park your money in before jumping into the deep waters.

Hui8

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Reality says different story. You have to spend lots of time in trading so that you can understand what you are really trying to achieve. Also you must make mistakes which is the only way of learning as you will know next time what to do and what not to do. So go ahead you don't have to be really awkward about it.

And surely you will have to change your thinking and trade logically and with full alarming state. No emotions for good trader.

jk_14

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Quote from: eddie13 on July 29, 2017, 10:36:59 PM

In order for me to be any good trading I have to spend a day or 2 trading before I make my first trade it seems..

Figure out what rhythm the markets are in..

The markets don't really follow any rhythm. Even the slightest change in policy, technology or whatever else can have a huge impact on the markets and throw all your predictions out of the window. That's why it's important to learn how to create a portfolio that won't burn you even if large chunks of it go up in flames.

eddie13

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BTC or BUST

In order for me to be any good trading I have to spend a day or 2 trading before I make my first trade it seems..

Figure out what rhythm the markets are in..

jk_14

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You should spend little time executing trades. But you can not possibly spend too much time researching and studying trading and trading opportunities. While there is money to be made in short-term trades, that is best left to trading bots.
If you spend more time researching and studying than actually trading, you will be making more profit in the long-term for sure. Your learned skills will also be useful for the rest of your life! So it's better to learn more than to spend too much time trading manually.

iqlimasyadiqa

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Perhaps more precisely is in taking a decision. Essentially you should be able to estimate the exact time when to sell and when to buy. When we feel not getting a profit then the best thing is to be patient, wait until we can see the margin of selling and buying action. When the margin already shows the profit graph then it would not hurt to sell the coin that we have.

Rinsend

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Quote from: JL421 on July 29, 2017, 08:08:31 PM

Have a mixed opinion about this but it's sometimes true and sometimes isn't. There are people woth huge funds used for trading like 1 bitcoin or 10 bitcoin for them spending too much time on trading is fine as you have to make sure not to get too much loss and there are traders with 0.001 and trying to earn 1 bitcoin in few days and they spend endless time but don't have funds to actually make spending that crucial time worth

Trading using large funds such as 1 btc - 10 btc is very profitable, but it is all in accordance with the risks that may occur to the owner of the funds, he may lose a lot of bitcoinnta in because of a drop / fall in price. All could happen

boris singer

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Quote from: JL421 on July 29, 2017, 08:08:31 PM

Have a mixed opinion about this but it's sometimes true and sometimes isn't. There are people woth huge funds used for trading like 1 bitcoin or 10 bitcoin for them spending too much time on trading is fine as you have to make sure not to get too much loss and there are traders with 0.001 and trying to earn 1 bitcoin in few days and they spend endless time but don't have funds to actually make spending that crucial time worth

Long dependency will make our emotions negative, and also with trade, we should not be involved too long and use only a few hours a day continuously. It also depends on the type of trader itself, many of which focus throughout the day as this is a daily habit.

JL421

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Have a mixed opinion about this but it's sometimes true and sometimes isn't. There are people woth huge funds used for trading like 1 bitcoin or 10 bitcoin for them spending too much time on trading is fine as you have to make sure not to get too much loss and there are traders with 0.001 and trying to earn 1 bitcoin in few days and they spend endless time but don't have funds to actually make spending that crucial time worth

batang_bitcoin

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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?

Just learn from those mistakes that you did. I know that there will be a day that you'll be fine enough after those mistakes. It's fine to spend too much time for trading as you analyze the market and what are the potential coins that can be good upon buying and will give you profit once you sold them. Pursue your career and learn from those mistakes.

melted349

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Quote from: Serco on July 29, 2017, 04:52:10 PM

Quote from: gabmen on July 29, 2017, 01:21:49 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?

That's what will happen if you observe too much the movement on the exchange. You will see all the drops and pumps and your emotions will come to play when you see the fluctuations. That's why its better to juat leave it for a bit when you buy. Just leave an order and check it every once in a while.

I also do this exactly as you say on the sidelines of time I always take the time to see my order in exchange. After the market I always take the time to come to this forum

Exactly what i do too for me taking too much time is not bad just like what they said you see the up and down but if you are a good trader for the time you see it down and you dont panic at all that would be great. So for me just let what you trade and take your time in forum and after that you can also check your trade.

Serco

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Quote from: gabmen on July 29, 2017, 01:21:49 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?

That's what will happen if you observe too much the movement on the exchange. You will see all the drops and pumps and your emotions will come to play when you see the fluctuations. That's why its better to juat leave it for a bit when you buy. Just leave an order and check it every once in a while.

I also do this exactly as you say on the sidelines of time I always take the time to see my order in exchange. After the market I always take the time to come to this forum

Topic: Don't Spend Too Much Time Trading? is that true? - page 38. (Read 17490 times)