Topic: Trading 2025. Health is wealth. - page 3. (Read 461 times)

I agree that the crypto market is very volatile and that is why trading it is very risky and reason why traders usually go back to check on their trades regularly but this kind of trading to me actually affects one psychology and as such it is very bad way of trading. There are some ways to actually quench the urge to check ones position regularly and the first one is having an extra source of income there by treating your trading journey as a side hustle,

Another method is having a good risk management, risk management is what actually stops your psychology from been affected in every trade, once you have strong risk management where your stop loss is usually a price where the amount it triggers is the amount you can afford to lose you will be at peace and wouldn’t check your trades regularly. Another one is try to take profit whenever you can and allow the rest trades to run if you can’t hold to your take profit

I had a difficult time in sleeping while I was still not so perfect with trading, sometimes I will have to watch the monitor all day or all night pending when I took the trade. Such behaviors is mostly common with new traders or scalpers because they have not got so much experience or they probably want it like that.

I have consistently focused on trading since October to December last year and few things I have learned so far are:

1: Trading opportunity is unlimited in the market.
2: the market has specific time period where it get more volatile and periods when it only consolidate.
3: you don't have to take dozens of trade every day to be able to make profit (unless you are a scalper).
4: get your trading plan and work with its.
5: agree with the risk terms before taking the trade and apply your stop lose where necessary.

To summarize those four key points, everyday in the market, there's always opportunity to buy or sell so you don't need to have sleepless nights. Always take note of those hours of the day where the market seems to have those volatile move in its trends continuation or reversal. Have a plan in mind to work with. I said this because there's a day I took two successful trade in the day time, then around 1AM I also took another trade which kept me awake through out the night and yet the trade was not even worth the time. Agreeing to risk terms, always have it at the back of your mind that you are not in control of the market and definitely the opposite could happen, so set your stop lose were necessary and if unluckily it got hit, no problem, more opportunity will come and you can still recover the lose if you are and experience trader. If you are still learning, keeping learning.

All these comes when traders choose not to trade the way it is suppose to be. I believe if a trader understands how important to have a source of income that one can depend on it will be easy to trade and not to depend in trading profit so much. Traders needs to understand that the market is unpredictable and should only invest with amount they can afford to lose and also learn to build their emotions and the main understanding of trading, I think with all these one should be able to avoid unnecessary stress.

Traders needs better understanding in trading to be free from the stress in trading. It is only when people understand trading in their own way and try to predict the market, it normally ends very bad.

The specifics of the crypto market is that the market works 24/7 and this makes its own adjustments, you are right when you say that if you have an open position you will want to see what is happening when you wake up at night, or at least think about it, which of course will affect your sleep. I have always said that trading is a very difficult job, sometimes the market makes us nervous and this can affect health if you are not prepared for it.

I avoid to trade at night because I have noticed that it is what could cause someone not to sleep early. I prefer to trade in morning and afternoon. But there are some time you will see a good opportunity to enter the market at night but which I do not prefer to do anymore. Although if you are trading bitcoin with low amount of money, you can be able to leave your position opened and sleep conveniently. Just like since yesterday, I have bitcoin long position opened and I was able to sleep very well but the market is becoming annoying again and the price is not increasing further.

Thank you for your suggestion. That is what we must do as a trader because we can not use all day long to trade. We are so lucky that we can enter to the crypto market anytime we want. With our analysis skill, we can determine if that is the right time to enter the market or we need to wait for more.

I can manage my time to trade. I don't use most of my time to trade because I have other activities every day. Maybe I will trade in the morning, daylight, afternoon, or even night. But my trading time is not affects myself because I can sleep when it's the time.

This exactly happened to me at the beginning of knowing trade and spending time just to see the day and night market, but much worse I lost a lot of money in Future trading so that it makes life far more out of control.
I know one person who can be said to be successful in trade and he began to suggest the journey process that must be done in trade so that I slowly apply this method and eventually succeed.
Trading does not have the opportunity to profit regularly so he starts to advise me by looking at the right moment when he wants to open an entry.

Abnormal trading will indeed affect sleep time because we are too busy looking at the market and finally our health is actually disturbed due to lack of rest.
No need to trade at any time or in other words daily trade because we can take advantage of the weekly moment to be involved in it.

like it or not trading will always impact us psychologically, we can act like trading won't be influencing us but truth is deep down there is always this sense of worry that things might go wrong and our trade will result in loss, as a result, we can't help ourselves but to monitor the market 24/7, everytime I opened a trading position I always looking at my phone constantly, checking every 15 minutes or so.

it's such a burden but that is the risk of trading I guess, the constant market volatility is a hell psychologically speaking, this is the reason why so many traders retire young.

I understand how trading cam frustrate someone's life and health. It is not easy at all. I will recommend you to be using low leverage and also do not martingale but average instead. These are the most important part of trading. Also it is good to take a break at times just as you have planned.

I read the post of other people also. We all understand how trading can deprived people not to sleep. I hope we would avoid having this bad part of trading in 2025.

Thanks for reminding us. I felt both of these one when I'm trading just a few months ago.

When I'm winning, I feel that I want to trade again because of the adrenaline rush and the desire to make even more profits. I already set a target daily quota, and despite reaching it in just a few hours, I feel that I need to trade more to get more profit. While this hasn't affected me financially since I still made profit after that, it affected me a bit mentally because instead of doing other things like playing online games, or watching videos, I'm out there watching the market goes up and down and find it stressful.

As for the "watching the market even at night", I remember when I opened a position at night, and when I'm about to sleep now, I saw that I'm down 20%. I decided to wait to go up and at least be breakeven even though I feel sleepy. It took me 2 hours I think before I'm in profit, and even though I ended up making money, the stress isn't worth it at least for me.

It affected me a bit that's why this year; I already made a decision not to make any trades if I will be sleeping or if I enter a position, I will make sure that I will have a stop-loss and take profit.

I fully agree with OP, I have been trading for many years too and I believe it has really taken away my sleep multiple times. Trading is a good thing by the way but we all know that as traders it's important to monitor the market everyday to see how market moves and for that a good trader often spend countless hours.

I personally give 2-4 hours per day to my trading but sometimes that 4 hours can be 8 hours and there are days when I sleep late night only because of monitoring the market. Although, I'm someone who doesn't trades all day or everyday because I'm more like a opportunistic trader rather than a day trader or scalper, but still it's a time consuming task and one should take rest properly to remain healthy.

Sleep is very necessary to maintain a balanced mind and emotions that are essential in trading. A trader who is mentally or emotionally disturbed will likely make more mistakes.
 Traders can lose sleep over some trading outcome that goes bad for them, but a trader should not lose sleep from trying to overanalyze the market. There should always be time allocated for rest.

No need to chase because it makes you look like an undisciplined gambler.

If you’re manually trading, that’s fine, but you should also consider using automated trading platforms to be more effective. There are plenty of options online, just take the time to learn how to use them properly so you won’t feel pressured managing your time. It’s true that health is wealth, and that should always be the top priority so you can fully enjoy the profits you earn from trading.  

Well, I did experienced that when I was still a beginner in trading. I slept only just few hours and then monitor the price again, that becomes a habit actually. Later, I realized that it won't be healthy for me anymore. Even if I'm in profits but seeing my health in danger, that would really scare me to death.

Now I'm good already in managing my time. I only trade whenever there's a free time, and if there's sufficient amount for me to trade. Responsible trading is a must, prioritize health over your greed for wealth.

Yes, I am very influenced by trading. Sometimes I have seen a lot of losses and a lot of gains in trading while sleeping. I still see in my sleep that I have lost a lot from the trading platform and sometimes I see a lot of gains because all day long when I think about trading, I always see the market, which creates the same situation. The brain is something that people think about all day long in their dreams while sleeping. I have lost a lot from my trading in 2024 and I don't know how 2025 will go. I still have a loss of more than $340 on the trading platform. I may have lost a lot because I am not very experienced in trading platforms. But I hope that 2025 will be a very good year for trading platforms.

Trading has dealt with me bitterly in 2024 and I have made it part of my New Year's resolutions to stay away from trading for the whole first quarter of this year 2025, trading gets you depressed and overworked all the time, aside from the occasional loss that comes from trading it effects on our emotional well-being is also an alarming thing to consider while trading.

A famous quote and the movie's dialogue is its not about how much you earn it's about when to stop, also it's not about the journey it's about the end how you've ended you started and lost but won in the end you are a winner always but if you won at first but ended as a loser because you didn't knew when to stop.

SO as Op said health is wealth and sleep on time is necessary even though these days I'm sleeping at the day and working at night haha, still focus on your timetable as any kind of hormonal change can soil your old age life. Have some rest and remember when to stop because it's just a number game here, some people find 100 bucks enough for their month some find 1k some 10k and some don't even find 100k enough, so it's all about the perspective and your lifestyle. Live simply as in the end when you are dead all of this means nothing except for your good work and contribution in society.

Reference of movie: Lucky Bhaskar.

Thank you for the advice.
Traders need to sleep. There are some traders who brag about not sleeping like others because they want to make money. I see their posts on social media, they'll say while you are sleeping we are working hard to make money, so when you see us balling just know that we paid our dues. It may be a little exaggerated but it's something like this.

A good 8 hours of sleep at night keeps yours restful, awake,and active. Small errors that lead to losses will be avoided with adequate sleep. Health is wealth and is only the healthy that trade effectively.

I hope all traders on this forum a good 2025. I advice all traders to pay attention to their trading activities. Trading can be time demanding because if you win, your brain will tell you to continue to trade and you will open new position and watching the market. Also if you are losing, you will keep on watching the market even in the night when you suppose to be sleeping. I have been trading for some years now and I know how it is if there should not deceives ourselves. My advice for all traders this year is to make sure that you do not let trading affect your sleeping time. Also make sure you have time for yourself and not trade everytime.

Has trading not affected you before in a way that you did not sleep because of trading?