So why stop if you're having so much fun and it's not harmful? Seriously, you could be doing a lot of worse things.
I tend to do this as well, not only with bitcoin but with stocks too. Gives me something to do, and both things are hobbies of mine. It's not hurting anyone and it doesn't consume me like an addiction. It ain't broke so I'm not trying to fix it.
Topic: Stop compulsive chart checking? - page 3. (Read 1621 times)
Just buy some coin that you can use to day trade when you still keep the one coin for the long term
Make the other coin as a distraction so you are not to be tempted to bother with your long term coin
Make the other coin as a distraction so you are not to be tempted to bother with your long term coin
Good question - I am probably checking coin market cap up like 20 times per day :/
Find something else to do on your computer/mobile device (wherever you are checking the charts from) so as to keep you occupied and not even thinking about the charts.]
Set a "virtual HODL date" in your mind until which you are not allowed to sell your holdings. That might get you to think "no reason to look at the charts as I can't act anyways".
At the end of the day it's not a bad thing to look at the charts as long as you don't make bad decisions.
Set a "virtual HODL date" in your mind until which you are not allowed to sell your holdings. That might get you to think "no reason to look at the charts as I can't act anyways".
At the end of the day it's not a bad thing to look at the charts as long as you don't make bad decisions.
Again and again see the chart it's actually bad habit.This habit has to be abandoned.When to do crypto trade, you have to hold.
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?
How can I convince myself not to keep looking at the market charts multiple times per day?
Delete all bookmarks for Bitcoin price sites like coinmarketcap.com, avoid or severely limit your visits for Bitcoin news sites - that information is mostly junk or so old that it has no impact on the price by the time you would read it. Try to read news only once or twice per day. Avoid situations that lead to procrastination - always keep yourself occupied with something productive. Also just learn to not care about the price - set yourself a goal to sell at some point (like 20k or 50k) or after some time (5 or 10 years for example).
I think it is completely fine to check the charts again and again. Everyone involved in the crypto trading will have such kind of behaviour. Even me as a trader or little but dragged person into new coin investing will keep looking for charts every time.
I'm sure that the price might not have gone up when I have already looked into it an hour before or something similar.
It's a good habit though as it will help you grasp the market situation and you will learn the patterns too.
I'm sure that the price might not have gone up when I have already looked into it an hour before or something similar.
It's a good habit though as it will help you grasp the market situation and you will learn the patterns too.
It's actually a bad habit if you aren't a trader (like OP) and just want to hodl for a long term. It causes unnecessary worrying, wastes time and leads to even more useless procrastination.
Getting a coin alarm. Just put in at which prices you want to be notified and you will get a notification whenever bitcoin/altcoin hits the specific price. This should help you out.
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?
How can I convince myself not to keep looking at the market charts multiple times per day?
Why do you feel you need to stop checking the charts? Is it negatively impacting, interfering with your life in some way? Are you worried you'll make a rash sell decision based on moment-in-time price and emotional response?
The price of Bitcoin has some wild swings. It would make sense to check the price frequently to see what side of the trend line we're on.
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?
How can I convince myself not to keep looking at the market charts multiple times per day?
I think it is completely fine to check the charts again and again. Everyone involved in the crypto trading will have such kind of behaviour. Even me as a trader or little but dragged person into new coin investing will keep looking for charts every time.
I'm sure that the price might not have gone up when I have already looked into it an hour before or something similar.
It's a good habit though as it will help you grasp the market situation and you will learn the patterns too.
Why did you do it? Why you cannot control yourself looking the chart? Maybe that is a sign. Why not make a positive thing out of that compulsiveness. Why not become a day trader, there is a possibility that you will become a good strategist on day trade.
Sound advice, thank you!
This is a pretty normal behavior pattern for a trader. Just ground yourself and remember that long-term is a very different time frame than the short-term and that nothing is decided inalterably, completely and thoroughly in the dynamics of the day. Try to refocus on other responsibilities. It takes some time to adjust ti, but it works
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?
How can I convince myself not to keep looking at the market charts multiple times per day?
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