Topic: Don't Spend Too Much Time Trading? is that true? - page 39. (Read 17490 times)
Too much time trying to understudy or analyze the market before you make a decision is not a bad idea but it is the the decision you made that matter. If you too much time and at the end your analysis turn out negative consecutively it then mean that you are not a good trader. It is better you go and lean what trading is all about particularly in crypto currency or stay away from trading for trading is not meant for everybody.
i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically. 
what is your opinion?
what is your opinion?
change your attitude thats it, if you are inpatience you are going to scare if the price going down makes the trading a hobby so you can play well .
Just one thing that is a problem for you, you are less able to control emotions because in trading emotions and panic will make traders lose control.
i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically.
what is your opinion?
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.
Whatever you learn in trading, you will get mostly from doing it first hand. 90% of your knowledge in trading will come from actual trades, the remaining 10% you will read from paper. Losing money in your first days as a trader is fine. It's expected; just don't tilt and go full retard. You need to take note of what wrong have you done in your previous trades and use that knowledge to come back stronger.
i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically.
what is your opinion?
what is your opinion?
Well, that a relative phase. If you are making mistakes and not getting much profit, you may think that you are spending too much time in trading and that's frustrating. You are true as per your situation. However, it may change if you start getting desired profits from your trading activities.
I don't spend much time trading because I have a day job and I earn a decent salary from my job which takes care of my daily expenses. And whatever I earn from my trading activities, goes in to my savings. So for me, the more time I devote towards my trading, the more profit I make.
i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically.
what is your opinion?
If you are a day trader, need spend more time for trading, it very important when you still not close your order. But if you are type holder (as me), every day you can check price altcoin you hold 1-2 times or not need check if you set target and placed order sell your coin with this price. All depends your type trade.what is your opinion?
You can spend time but it should not be much that results to stress and lack of sleep during nigh time. Limit trades and set your time if you are a day trader. In my experience the more time you overspend looking at those charts the more emotional you becomes.
I think this is true, Your'e always thinking on how your'e going to get your profit back. So what will happen's next is your keep on eyeing on the chart. Best thing to do is that build your'e own mining rig if you have enough budget. So that while waiting for the odds to get increase is that you have already your'e passive income that's keep on getting higher.
i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically.
what is your opinion?
what is your opinion?
You are not stupid. Many users have walked the way you did.
I am one. But after that I got too make more precise decision.
You see, when we do something wrong we learn from it. Then, next time we get it right it will be almost perfect. Although there are still bumps where we lose, again we got the experience out of it to stand up for the next trade.
It is very truth! Too much time will bring emotions into your trade and most times negative emotions. The best way to trade successfull is to develop software or bot that can trade on your behalf. By doing so you have eliminate emotions and times from your trading.
Don't get be easily swayed by your emotion as it can only lead to making impulsive decisions.
The result, you lose some of your life savings and end up nothing.
Better have some readings to gain proper knowledge that can be use in trading.
Your experience too can help you a lot in dealing with these problems.
The result, you lose some of your life savings and end up nothing.
Better have some readings to gain proper knowledge that can be use in trading.
Your experience too can help you a lot in dealing with these problems.
I think it depends here not on the amount of time, but on knowledge and skills to control emotions. If you can not control emotions, then it's better not to start playing at all.
In trading you need to think logically, when you trade using emotion you just guessing the price, and that will caused you to lost money and you need to spend more time to learn trading the more you learn the more you will gained experience and that will help you how to trade properly
It was actually depends on your strategy and how your'e earning your bitcoins. If it was hard for you to earn bitcoins then just keep your coins and wait till the currency grow's up. It was actually like waiting for the right time to spend your coins. Just try to think of your own strategy and look on the rates in the internet so you can decide when is the right time for you.
Giving more time in and see all day the charts pump dump. its not a good habit. Instead of see the charts down / up why not focus on Learning reading news , what's is the improvement of other altcoins. etc. that you think they give you more knowledge in trading.
reading sa charts is good . make a habit always reading news so now your time is a more spendable unlike you doing see market fall and down.
reading sa charts is good . make a habit always reading news so now your time is a more spendable unlike you doing see market fall and down.
That is true that don't spend too much time in trading because it will make you greedy in making money, for example, you already earned $500 from your trading today and if you will spend more time in trading platforms then it will make you greedy to perform trading again and you could possibly lose that profit if you don't have a clear target for your profit.
i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically.
what is your opinion?
what is your opinion?
i think its normal for you and i think many traders is spending their time like you. beside that i think its because we don't want to missed something especially if the coins is suddenly drop too far. but for you, i think you should manage your emotions to not spending too much time for trading so you can do other thing that might be need to do. don't take too much to watching the condition of the market because in one day, you can be boring with the condition especially if the condition is like now because bitcoin and altcoin is having strange movement.
i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically.
what is your opinion?
It is true. There will be so many emotional mouse over when we have too much time standby on the monitor and watch the market. But now I understand, being a daily trader doesn't mean you have to shit all day time in your chair and watching market. I only need to place order in the morning, control it in afternoon, and make speculation at night. what is your opinion?
Guys don't look trading like simple game because it's really addictive. OP as you said, you make very stupid mistakes. Do you read books about tradings and others experience? yeah, trading is good job and profitable if you make right decisions but to my mind it's hard for small players, big ones control situation. If you want to become more pro in trading, try some demo platforms. If you can't and still make many mistakes, then find something better that fits you.
Well there are lot of ways to learn it, from this forum to youtube. We can definitely earn much more in trading but if it's not for us ,i mean having failed in it multiple times or having more loss is not healthy then maybe we can try other task like investing. Which still need a trading skill after thea token distribution. Trading skill is important as much as possible learn it little by little. 
Guys don't look trading like simple game because it's really addictive. OP as you said, you make very stupid mistakes. Do you read books about tradings and others experience? yeah, trading is good job and profitable if you make right decisions but to my mind it's hard for small players, big ones control situation. If you want to become more pro in trading, try some demo platforms. If you can't and still make many mistakes, then find something better that fits you.
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