Don't Spend Too Much Time Trading? is that true? - page 41.

xIIImaL

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Quote from: Basaleyi on July 27, 2017, 08:43:57 AM

trading is always like a illness bad addiction which take most of your free time if you want to or not so to avoid the addiction of trading is always to follow long term markets even if after one years just do it and forget about everything else .

Hey bitcoin trading is not the share market trading. Trading is the one of the platform bitcoin which gives profit instantly with the price changes in the chart. Please refer some videos about it first, then you could understand actually what is the case. Still trading utilizing the price fluctuations and making money of it.

Basaleyi

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trading is always like a illness bad addiction which take most of your free time if you want to or not so to avoid the addiction of trading is always to follow long term markets even if after one years just do it and forget about everything else .

Darker45

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Quote from: amskas on July 24, 2017, 05:17:31 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 means you do not have yet acquired the necessary skills and approach to trading. Besides, emotions have no place in crypto trading. Just when you panic sell, everything bounces back and you end up buying when the price is already high. When another round of fluctuation comes, you sell with a loss. That's how emotions trouble everything.

Sometimes, it is much better to just buy and hold. I think you better do the same.

Ewox

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I really don't think it is a bad thing if you spend more time in trading, in fact before bitcoins price went down I was always on trading sites because I tried to do short trading and made a couple of profits then I realized I wanted to do long term instead of short term trading because I realized that when you do long term you really can tell the difference in a couple of months the price difference but it's just my point of view though. I still check the trading sites everyday but not the entire day.

Weawant

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Quote from: fanbeila on July 27, 2017, 04:34:36 AM

Quote from: amskas on July 24, 2017, 05:17:31 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 depends on how you spend time in trading whether productively or just wasting time by buying and selling without any strategy just relying on fortune.But professional traders just do two or three trades in a month and not like newbies doing twenty to thirty trades a month and not gaining good profits.

Depends on people's time on how he can deal with his trades, but If people can stay and can able to watch the trading signals for long hour I think they are the one who can earn more profit on trades. by looking for it for long hours can save us to those massive lose or maybe we can retrieve back those losses occuring on us when red times happen.

fanbeila

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Quote from: amskas on July 24, 2017, 05:17:31 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 depends on how you spend time in trading whether productively or just wasting time by buying and selling without any strategy just relying on fortune.But professional traders just do two or three trades in a month and not like newbies doing twenty to thirty trades a month and not gaining good profits.

ArnoldChippy

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Quote from: Shinpako09 on July 26, 2017, 07:16:19 PM

No, it wasn't. Most traders actually spending too much in trading especially if the movement is shaky and their main source of income is trading. There's nothing wrong with that. What wrong is if you're doing some moves that could result in losing profit.

yes is true to me my main way of earning money is also trading. from trading i am also getting a good amount of money. i am sure that bitcoin and altcoin trading will continue giving me good profit.

orions.belt19

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Quote from: HeRetiK on July 24, 2017, 05:38:40 AM

Quote from: amskas on July 24, 2017, 05:17:31 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?

If you spend time analyzing the charts to prepare a trading strategy for the upcoming moves, that can be time well spent. At least if you actually stick to your analysis and follow through with your plans. If you just stare at the charts and start second guessing yourself at every minor move... that's time wasted.

As much as possible, don't make decisions based on your emotions. I agree that staring at the charts for too long may make you start to second guess and may even lead you to make an impulsive move. Set a strategy, plan what price you want to sell and just check the price from time to time. Spending too much time staying on the charts may stress you out.

JL421

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What is really there to do with trading it is a process of buying low and selling when price is high you can't always expect to get instant profits or get good profits in a quick time so simply spending your time just staring at the price doesn't really make any sense at all

Shinpako09

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No, it wasn't. Most traders actually spending too much in trading especially if the movement is shaky and their main source of income is trading. There's nothing wrong with that. What wrong is if you're doing some moves that could result in losing profit.

carlerha

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Quote from: jems on July 24, 2017, 07:11:09 AM

Quote from: amskas on July 24, 2017, 05:17:31 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?

Yes, because too much spending time watching your trades can trigger you to sell or to buy by your emotions ,Leaving your trades while working on something is a good practice to not be panic over your trade. Eventually spending time is not bad if you can control your emotions with those price up or down it willbe good.

but i do not think that it is right, because as more and more time will you spend in trading you will get more and more experience and your profit in trading is also depending on your experience.

Clavulanic

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Quote from: Mpamaegbu on July 26, 2017, 02:22:28 PM

The issue isn't the amount of time spent online trading. The problem lies with the individual emotion while trading. How able an individual is able to control their emotions if trades go against them into loss. Or how quickly they rush to close a winning trade thereby cutting short their profits. In the past I had a cousin who would place and close over 40 trades a day in forex. Most times over 95 percent of those trades ended in loss.

That's so sad for a trader online, because somehow as expected for your investments the profit will have to gain returns in the future. Upon reading the stories you revealed here it come to a certain thinking of mine that spending too much time in trading could possibly caused you panic selling decisions. Then that is really confirmed here that without self control and managing emotions had caused the cousin of our mate here to loss the trades invested in forex.

sweetbet

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There's no need to spend a lot of time trading if you know the coins that you want to trade with, their minimum and maximum price history, and you're willing to place an open order and wait until your desired price for the trade is reached.

For example, let's say you want to buy 10 Ethereums. You study the price history/trend and set up an open order to purchase 10 Ethereums when the price drops down to 0.07740000 or lower. But you might want to keep an eye on the price chart because you might decide to cancel the open order and buy at 0.07900000 because that price is low enough and you don't want to keep waiting for a minimum price that might not happen.

Mpamaegbu

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The issue isn't the amount of time spent online trading. The problem lies with the individual emotion while trading. How able an individual is able to control their emotions if trades go against them into loss. Or how quickly they rush to close a winning trade thereby cutting short their profits. In the past I had a cousin who would place and close over 40 trades a day in forex. Most times over 95 percent of those trades ended in loss.

Potato Chips

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yesssir! 🫡

Spending too much time on trading is not that bad as long as you are doing your responsibilities constantly e.g. eating, cleaning, taking a bath etc., if yes it is a good thing actually

as experience always counts however that will be futile if your relying on your emotions too much and what worse is youre not learning the lesson on it. in your situation op, i

suggest that until you can't control your emotions, stop trading because you'll lose a lot.

BigBoy89

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Quote from: amskas on July 24, 2017, 05:17:31 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?

You could spend as much time on trading and you want and feels comfortable. With one BIG BIG BUT - On different positions. This will save you from overthinking and chancing already made decisions. When you set enter/exit points of your current trade, just move to another or stop. Don't go back for overthinking - this usually leads to mistakes. Follow your guts.

Bhinodm

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Quote from: amskas on July 24, 2017, 05:17:31 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's not about how much time you are spending on trading. All that matters is that whether that time is spent strategically or wasted by hovering on various Altcoins available for trading.
One must have a strategy on how to invest, on which Altcoin your money will be invested and for what duration trading in a particular cryptocoin is worthy.

Mahanton

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Quote from: amskas on July 24, 2017, 05:17:31 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?

Our bodies does really need sleep and rest on everything that we do in the entire days which means if you do over exert your body and mind on doing trading then its not really good and we are speaking about time being spend on trading would really depend on how active you are on doing or setting up some trades. If this thing would really makes you a better trader then its good as long you dont abuse your body. Trading does really require learnings on any trades that you execute because the longer we expose the better since it will really mold us on a better trader later on. If you can handle your trades properly its not really a problem if how many hours you would put on trading.

Ronaldcoin2017

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Quote from: stomachgrowls on July 24, 2017, 05:25:41 AM

Quote from: amskas on July 24, 2017, 05:17:31 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?

Its not really bad on spending too much time on trading since there are are active traders which do really spend their times on doing trading. This would really depend on what kind of trader you are. The suggested thing on here is when you do know how to stop specially when your mind or brain is quiet tired on doing trading because once you are tired you cant execute trades properly which causes mistakes. which causes for us to lose up money.

i strongly agree on this qoute of yours.time is gold spending it through things that can gain a profit .is not really bad actually it is good to be a traders you can learn more things .like handling a differrent kinds of people in a different situation.i think also that it is depend on what kind of person you are.

jems

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Quote from: amskas on July 24, 2017, 05:17:31 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?

Yes, because too much spending time watching your trades can trigger you to sell or to buy by your emotions ,Leaving your trades while working on something is a good practice to not be panic over your trade. Eventually spending time is not bad if you can control your emotions with those price up or down it willbe good.

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