Stop compulsive chart checking? - page 2.

Pettuh4

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Quote from: BillyBobZorton on September 10, 2017, 09:05:27 AM

Quote from: LoginPassword on August 23, 2017, 06:09:19 AM

I'm not a day trader - in it for the long term.
How can I convince myself not to keep looking at the market charts multiple times per day?

You need to take a break from bitcoin as a whole, including posting in here, reddit or any other place. I do that from time to time, get a month out and go get some sun, get some hobbies. It's good to take a break, specially when there's so much drama all the time in this community. Just be safe thinking that the Core devs continue making a good job and all the hardforking idiots are amateur players trying to compete against an NBA team with Kobe, Jordan and Durant all on the same team.

I think you just suggested the right remedy to cure this anxiety of checking charts. I feel the same way that long term investors should just forget about their investments for a while and chill out there so that they return after a long while to check what's going on from time to time and not everyday or several times within a day.

BillyBobZorton

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Quote from: LoginPassword on August 23, 2017, 06:09:19 AM

I'm not a day trader - in it for the long term.
How can I convince myself not to keep looking at the market charts multiple times per day?

You need to take a break from bitcoin as a whole, including posting in here, reddit or any other place. I do that from time to time, get a month out and go get some sun, get some hobbies. It's good to take a break, specially when there's so much drama all the time in this community. Just be safe thinking that the Core devs continue making a good job and all the hardforking idiots are amateur players trying to compete against an NBA team with Kobe, Jordan and Durant all on the same team.

bitart

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Quote from: LoginPassword on August 23, 2017, 06:09:19 AM

I'm not a day trader - in it for the long term.
How can I convince myself not to keep looking at the market charts multiple times per day?

Risk only an amount you don't care about. That's all, you won't keep looking the charts because it doesn't matter. If you only want to hold, then it's enough. Time will tell. It won't gain really high profit for you, but you won't be disappointed if anything goes against your position.

romecheo

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Quote from: LoginPassword on August 23, 2017, 06:09:19 AM

I'm not a day trader - in it for the long term.
How can I convince myself not to keep looking at the market charts multiple times per day?

You can't, no matter how much effort you tried. It was a natural characteristic of traders, even if you busy doing other thing, even how many peoples surround you, even while your sleeping. You keep going to your device and check for the current status of your precious coins.

The feelings are mutual.

nydiacaskey01

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Quote from: LoginPassword on August 23, 2017, 06:09:19 AM

I'm not a day trader - in it for the long term.
How can I convince myself not to keep looking at the market charts multiple times per day?

Its like doing your home work. If you don't check the charts from time to time, you are keeping yourself out of whats happening to your money or investment, it not a bad habit but it actually shows that you want to make sure that you are on top of your business or investment. One more thing is you cant rely on what other people will say about your investment, you have to rely on your own findings.

michellee

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Quote from: LoginPassword on August 23, 2017, 06:09:19 AM

I'm not a day trader - in it for the long term.
How can I convince myself not to keep looking at the market charts multiple times per day?

you need to have another activity so your focus is not for the market charts, I have this experience before but fortunately I can search other thing so I am not looking at the market charts too often, maybe in one day, I only watch several hours a day. this is good for you as you said you want to safe for long term and I think you can try it.

Fafabol

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Quote from: LoginPassword on August 23, 2017, 06:09:19 AM

I'm not a day trader - in it for the long term.
How can I convince myself not to keep looking at the market charts multiple times per day?

Maybe you can divert your attention to something that also interests you.
Make yourself busy, maybe in that way you can't sneek to the charts.
Also have a mind set that you're not a day trader so behave like a long term trader.
Well as for me, it's quite hard for me to do this as if like this is my habit. Grin

Every morning the first thing that I do is to check my blockfolio so I can see what's up with crypto world.

craZyLovE0916

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Quote from: revswim93 on August 26, 2017, 03:54:37 AM

I cant go 10 minutes without checking the charts. I have a real problem. Embarrassed

It would be better with the screen in my glasses because then I wouldnt be constantly looking down. I just need a feed in my brain so I can just think about bitcoin and automatically know the price. But the conspiracy could use that same chip to mind control me so its ultimately risky.

Same here. Because of this habit I lost lots of money always checking the charts constantly it gives you a false sense of reality of what is actually going to happen in the markets and you might sell before you should or buy too early or too late as a result. That happened to me many of times.

revswim93

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I cant go 10 minutes without checking the charts. I have a real problem. Embarrassed

It would be better with the screen in my glasses because then I wouldnt be constantly looking down. I just need a feed in my brain so I can just think about bitcoin and automatically know the price. But the conspiracy could use that same chip to mind control me so its ultimately risky.

DoublerHunter

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Quote from: YTBitcoin on August 25, 2017, 06:26:25 PM

Quote from: Zalfa_mui on August 25, 2017, 03:22:54 AM

Before buying the chart check is very important, and why you are doubtful about it, because by monitoring the chart before you can see whether the coin will go up or not .. And I think that's the way traders to choose altcoin

That is must thing that traders do before going for any trade. Chart check gives a random idea about situations about values. And we can predict the future value. I also check it on daily basis because my trading id very intense. So going for any kind of trade without checking the value chart is like eating without teeth. That is really ridiculous.

As a trader that is not skippable because that is the behavior of traders, they are always checking the price so they can find a good entry or exit depending on their perspective. Checking charts for traders is not a bad thing because that is the only thing how traders can make more money.

YTBitcoin

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Quote from: Zalfa_mui on August 25, 2017, 03:22:54 AM

Before buying the chart check is very important, and why you are doubtful about it, because by monitoring the chart before you can see whether the coin will go up or not .. And I think that's the way traders to choose altcoin

That is must thing that traders do before going for any trade. Chart check gives a random idea about situations about values. And we can predict the future value. I also check it on daily basis because my trading id very intense. So going for any kind of trade without checking the value chart is like eating without teeth. That is really ridiculous.

dothebeats

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It's more of a psychological issue on your part since you are invested and you have money in bitcoin. Believe me, I've been in the same spot as you are and it's really hard to avoid checking on the price every now and then. The best thing you can do is to try to divert your attention into something else that takes your time e.g. playing video games or reading books.

Zalfa_mui

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Before buying the chart check is very important, and why you are doubtful about it, because by monitoring the chart before you can see whether the coin will go up or not .. And I think that's the way traders to choose altcoin

LindaQ

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Quote from: LoginPassword on August 23, 2017, 06:09:19 AM

I'm not a day trader - in it for the long term.
How can I convince myself not to keep looking at the market charts multiple times per day?

You dont have to, if you dont want to. Since I enter to this cryptos world, Checking a market and price become habits. I dont force my self to do it, but because I want to. If you planting some plants, dont you wanna see its growing every day. Or if its withered, dont you wanna know whats happening and why thats happen?. you're a long term investor, I think maybe you dont want to check it everyday, because if you do it, you'll have feeling will lost money if the price dump ,isn't it? If that so, good luck to find a way to convince yourself.

tosmartak

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Activity: 630

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You aren't a day trader but you keep looking at the charts everytime? Just keep your minds off it except you are a trader that holds by buying at dips and selling when the value increases. Even with that, you can just set your sell point and move on with your daily activities. It all depends on you and the activities that warrants you to keep looking at the charts anyway at the end.

coleman268

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I have the same exact problem Cheesy

Whenever I'm bored I look at my portfolio and it always scares me when my alt coins are in the red when I should just forget about them and check back on them in a few years.

darthmaul

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Activity: 714

Merit: 252

Why do you want to convince yourself for not watching the charts ?

It is pretty normal thing to do and you can learn many types of behaviour of the coin or the related ICO project progress. Along with the charts I will suggest you to invest your time in learning what is market capitalism and trade volume for that particular coin/chart. This is fruitful information which gives you information regarding the coins future and this will ultimately tell you whether to invest the money or not.

DoublerHunter

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Quote from: LoginPassword on August 23, 2017, 06:09:19 AM

I'm not a day trader - in it for the long term.
How can I convince myself not to keep looking at the market charts multiple times per day?

Get busy for yourself, if you are a trading or let say an investor since you are into long term investment then you should go out and find something that will make you busy like finding a regular job which will consume almost all your hours in your daily life so you will almost forgot about your investment and you will not be able to check the charts.

genocide

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Quote from: LoginPassword on August 23, 2017, 06:09:19 AM

I'm not a day trader - in it for the long term.
How can I convince myself not to keep looking at the market charts multiple times per day?

Nothing's bad with checking the charts frequently. I used to do that too when I was still trading altcoins. I just can't help myself from looking. I think it is fine as long as your decisions will not be easily affected by your emotions if ever there are some swings with the bitcoin price. Just stop thinking about it every minute. Try to keep yourself busy from doing some other stuff. If you're really curious about it then make a regular schedule when to check it, maybe 3-5 times a day and then try to lessen it gradually to 2-3.

FJNuñez

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Yeah... I used to do this and it isn't a good habit. It gives you a false sense of what is going on in the market and you panic sell/buy for no reason.

Topic: Stop compulsive chart checking? - page 2. (Read 1595 times)