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Topic: life of a trader - page 69. (Read 30979 times)

full member
Activity: 214
Merit: 100
January 20, 2018, 08:45:33 PM
Trading isn't for everyone , some people are just better of hodling. It takes way less time after you have researched the coin that you like you can sit back and relax. But i understand the attraction to trading it is just to time consuming for me.
sr. member
Activity: 840
Merit: 254
January 20, 2018, 08:23:30 PM
please i need advice from those traders have has been in the business for long, how do you combine it with your other normal life activities , i mean cryptocurrency trading , i just started and am glued to my phone every second , advice will be appreciated  Grin Grin Grin Grin
Put your heart on it but dont be too emotional about it. Growth of an altcoin is uncertain and you must know that from the start. You must sacrifice your time to trade. Trading is a time consuming proccess. At all cost you must profit is the mind of every newbies thats not wrong but you must understand it is unavoidable its part of trading if you lose even hundreds of it.
The control of the emotions is critical for a trader, the trader that can master his emotions will have a huge advantage over the one that has not, this advantage is so great that even if a trader had a greater level of skill I will always go with the trader that has his emotions under control since he will be able to avoid panic selling and panic buying.
member
Activity: 154
Merit: 10
Magic is real
January 16, 2018, 06:30:05 PM
I think all traders have a weekend these days. Well, or at least work less than earlier.
member
Activity: 420
Merit: 12
= DINNGO = https://dinngo.co
January 16, 2018, 05:40:12 PM
Giving advice like - try not to think about coins all the time – is silly, especially if you are invested in a rather large sum. I personally make a kind of plan or schedule of the day, where I have certain time only to coins and nothing else. The main time takes reading news and changes on the forum, so try to have at least 1 or 2 hours in the morning and evening..
member
Activity: 231
Merit: 10
January 16, 2018, 01:55:52 AM
please i need advice from those traders have has been in the business for long, how do you combine it with your other normal life activities , i mean cryptocurrency trading , i just started and am glued to my phone every second , advice will be appreciated  Grin Grin Grin Grin
You need to identify what strategy fits your time. If you have more time and you don't have a work you can do day trade but remember that day trading is very risky. If you have work you can do swing trading where you have to wait for a couple of days for the coin to buy or sell. In monitoring their price you can use android apps and you can alarm it if the price is pumped up or being dumped.
newbie
Activity: 94
Merit: 0
January 16, 2018, 01:48:13 AM
 Smiley Forget about your personal life, you just married on cryptocurrencies!)
Make 1 free day and don`t connect your phone to the Internet. No news, no graphics, no chats. NO WORK! it`s your day! and don`t regret about profit.Smiley
hero member
Activity: 1540
Merit: 500
January 16, 2018, 01:43:41 AM
please i need advice from those traders have has been in the business for long, how do you combine it with your other normal life activities , i mean cryptocurrency trading , i just started and am glued to my phone every second , advice will be appreciated  Grin Grin Grin Grin

You use coinmarket app, tabtrader on your phone. Set up an account for whatever exchange you use. Make sure you have notification set for your desired price so you don't have to check your phone every second. I prefer long term trading over short term as its more profitable and headache free plus you're supporting whatever token you invest in. Stay far away from pnd.
full member
Activity: 290
Merit: 100
January 16, 2018, 01:42:49 AM
Well it is hard for me being a trader and also a student because whenever i choose short time invest i always late for the pump and get only the dump so i do long term ones so i can just leave it and get profits
legendary
Activity: 2170
Merit: 1789
January 16, 2018, 01:39:52 AM
it's just as simple as learning how to manage your time wisely, don't check it every minute or two. don't get paranoid over the value of your coins or money. If you're a full time trader and don't work, you can focus. But if you have a job, then try to balance your job with trading  Grin Grin

another solution is to do a long-term trading. you should choose coins that have a good potential to go up (because of a hard fork, update, etc), and then place your order price and then you can work on your main job. of course, this is not a perfect solution
full member
Activity: 392
Merit: 101
January 16, 2018, 01:25:42 AM
please i need advice from those traders have has been in the business for long, how do you combine it with your other normal life activities , i mean cryptocurrency trading , i just started and am glued to my phone every second , advice will be appreciated  Grin Grin Grin Grin
Trading is very cosuming in time especially when you are a day trader. In my case, I want to only trade when an ICO is finished so that it is not that hard and the profit will be a one give. If you want to really combine trading with normal life activities, then do not do day trading.
sr. member
Activity: 966
Merit: 250
January 16, 2018, 01:10:19 AM


you just need to place a suitable time for trading. yes, for that you have to make a schedule so as not to take up all your real life time. I think you should be smarter again to take time.
full member
Activity: 182
Merit: 100
January 15, 2018, 11:59:28 PM
please i need advice from those traders have has been in the business for long, how do you combine it with your other normal life activities , i mean cryptocurrency trading , i just started and am glued to my phone every second , advice will be appreciated  Grin Grin Grin Grin


It is really hard to do trading when you have a regular job to attend to,trading requires a lot of time monitoring the market or the coins you are trading because you do not want to miss its price movement.A lost opportunity is hard to come by specially in trading,where in a miscalculation can break you hard.My advice is to do trading full time or after work where in you can concentrate or give more time on you thinking. A clear mind is better than a mind full of thoughts,set your priorities,do things at a time.
member
Activity: 227
Merit: 10
January 15, 2018, 11:32:19 PM
it's just as simple as learning how to manage your time wisely, don't check it every minute or two. don't get paranoid over the value of your coins or money. If you're a full time trader and don't work, you can focus. But if you have a job, then try to balance your job with trading  Grin Grin
member
Activity: 378
Merit: 16
January 15, 2018, 10:37:25 PM
traders without large capital usually have difficulty in getting the benefits to meet the cost of living.
try to find a steady income, then trading activity is used as a side income
hero member
Activity: 840
Merit: 502
January 15, 2018, 10:30:07 PM
Life of a trader is terrible if we speak about our nerves - even expierience cannot help us sometimes...
The life of a trader is a very stressful one that is why day trading is not something that a lot of people can do for a lot of time, not only it takes your time, it takes your health away since you cannot sleep if you made a bad trade or you may decide to also leave some important family meeting because the market was hot and you needed to make some trades.
This things happen to those people invest money that they are not ready to lose, please bear in mind that investing is like gamble, you may earn or you may lose. I suggest that if you want  to have more time with your family while trading, then long term investment is the right one for you, it doesn not consume much time unlike in day trading.
That happens not only to those that are playing with money they cannot afford to lose, it happens to those that are obsessed with getting profits and if you look around in the forum you will see that many people are almost obsessed with it, just look at some of the threads, once in a while some threads pops up claiming bitcoin is death because it has not reached an all time high in a month.
newbie
Activity: 56
Merit: 0
January 15, 2018, 07:27:17 AM
always set limits to yourself, if you buy something then figure out whats the price where you are comfortable selling some. fixed targets help you get less emotional.
first it might take a long time but when you have a nice collection of coins already then just hodl and take one day a week when you read about new ones etc.
sr. member
Activity: 453
Merit: 251
Presale Starting May 1st
January 15, 2018, 06:30:14 AM
I can't be counted as old to investment era as I was only buying btc and wait in past. Now I try to diversify more. Life of investor is hard as it takes many hours spent reading and analyzing.
full member
Activity: 462
Merit: 114
January 15, 2018, 06:28:00 AM
I'm only at the beginning of the journey, in this beautiful world, but I'm already faced with the problem of lack of time, every free minute takes crypto currency  Shocked
full member
Activity: 232
Merit: 100
January 14, 2018, 12:46:23 PM
They are very easy to get into everyday life. Some of them are separated from the rest of the world, they just embrace electronics, always on the trading floor, using the world time zone. Perhaps this affects a lot of them, they almost work on bringing. Besides, they become self-centered, self-centered, and become insensitive to the people around them
full member
Activity: 574
Merit: 100
January 14, 2018, 12:35:53 PM
please i need advice from those traders have has been in the business for long, how do you combine it with your other normal life activities , i mean cryptocurrency trading , i just started and am glued to my phone every second , advice will be appreciated  Grin Grin Grin Grin

You will get the hang of it eventually and every activity you do for trading will somehow get in sync in your daily activities but it will helped you a lot to managed your notifications like for example: using etherscan would enable you to manage your wallets and monitor their transactions without having to access them via private keys so it will save you less time. I think looking in your investment from time to time is a good problem specially when you see them grow.
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