Topic: Trading Profitably - while getting shit done. (Read 183 times)

oh yes, i am begining to spend some time away from the computer screen. it is been tough for me but i need to stay away. i think i am gradually developing a tumor in my heart due to long time exposure to radiations from system. quite bad.

Getting shot down is most probably favor to traders because that's the time they can profit big and wait again for the pump. Day trading is the best way to earn money in every trade. This is an easy money even its too hard to manage but it will make us hope to survive.

Wow.
Great story and is it ongoing?
That some tough way of trading but it could work if you do not have a day job.
Something like a house husband that still wants to earn money.
It might really work with that kind of attitude. Good luck.
Maybe next time you will be vacuuming money on the floor with all that profits.

You need to understand those who are working full time, maybe 8 am to 7 pm like me in my country, and you spend another 1 hour to get home, before you shower and you eat, fatigue would have come on you and you feel the need to sleep, and then you have to wake up the next day like 4:30 pm to prepare for the next day work, so tell me how you will have to trade?

Before I quit my job, not because of trading anyway, but because of some personal issue that I had in my office, there was little or no chance for me to really do anything, and I was much more interested in cryptocurrency trading, I didn’t have any choice than to hire a bot service in as much as I even know how to trade, but I never got the chance to do so, but bot really helped to some level.

you can't watch the market 24/7 to prevent losing money or opportunities. that simply is impossible even if you have 100 monitors for watching. and nobody does that either. what you should do is to strengthen your speculation skills so that you can predict the market better and have better entry and exit plans.
for instance when you buy some pumped shitcoin you shouldn't just sit around waiting to become a millionaire after a couple of months. you should dump it that exact day as the pump comes to an end. otherwise you obviously lose money!

Work-life balance in short. But sometimes we are so engrossed to our activities we forgot to see the outside perspectives of it. Maybe, from time to time we need to contemplate on what we are doing with our life to re-assess what's going on with our daily life. And adjust if necessary.

Yes, even if we are moving slow, we need to keep it always moving so we can think and analyze everything without a problem. No problem if you cannot think fast or do something with fast because you need to balance your rhythm in trading so it would not be a mess. There will be a time for you to get the right time to moving fast after you know what it needs to do and sometimes, that will become the factor key to determine how much your profit are.

Balance everything because if you do put yourself or focus too much on one thing will really disrupt other things behind like your family time,
chores and even physical activities which is crucial on ones health. Dont spend too long into things specially on stationary state, our body does need to move
out because if our body tends to get sick then those money we have earned would just be spent to hospital bills which simply means its still useless.
Im balancing everything and dont get focused too much on crypto aspect.

Trading and monitoring is almost like tying yourself down all through the day and week. This is not the best way to trade. Whether you monitor it or not, you can't control the market and so, why not do other things while you allow the take profit or stop loss do its own because entering the market is for one thing to happen at the end... Profit or loss.

I haven't spent more than a few hours a day looking at my monitor(s) in quite a long time ever since I switched up my trading style more towards swing trading. I typically just set up semi-loose stops and take profits and let the trade run while I go do other things with my life. Most of not all of my trades start like this, and almost all of my most profitable trades start like this as well. Way more interesting than sitting at a desk and staring at numbers all day.

Okay, I love how you put it because that is all my work at the house too after a night shift.

Clean the house, fix the kids, cook for lunch and a lot more when they are awake. 
I do believe in what you said, it doesn't need to have your eye fixed on the monitor. That is BS.
Give it some time to move. Let it savor the numbers popping out of that trading website orders.

I did that, but because I needed some rest too, so I stopped.
But there is a fix to it, quit my night shift job and just be at the house and do the trade.
I just need a better capital which will not ruin my savings in bitcoin currency.

Anyway, you didn't lose your first trade on that day because you didn't give your time to it because as you said, it was a good entry for you and you had your SL too which was unfortunately hit because the trade finally went against you before you took profit.

Meanwhile, I like domestic work oK... Not everybody heat it 

Using Take Profit or Stop Loss is highly recommended, but if you use bots I think it's better not to because bots can never analyze fundamentally, bots are only a representation of trading logic that we make. Sometimes our logic is also not supported by other analyzes, so it is very risky.

I know someone who has 4 large 4K monitors displaying all sorts of charts while he isn't even trading much. He pretends to need it in order to get an idea of the overall market and trade more effectively.

Spending nearly €12k just on the monitors for the sake of taking a few trades a week is a waste of money and overkill, especially when you know that his PC cost him like €5k as well. People apparently pay big money to feel important.

Not anymore. My mistake in the past was to try to trade even when there wasn't much to trade at all due to low volatility and a very tight range. Scalping just isn't my thing.

I'm only focusing on buy low sell high type of trading. I don't have a time frame in mind within I want to profit. If it takes a day then it takes a day. If I takes weeks then it takes weeks. I have patience.

I totally agree with you that life is about balance and it's true though price crash because of not paying attention. In trade actually attention is the most valuable thing. You can lose or profit hush money because of that. So no matter how's life going, in this platform you have to more careful as you can.

Multitasking is one quality of a business person right, but there are some situations where you have too many things at hand to do and it would be impossible to actually do those ones effectively without having to concentrate on one, I understand that mixing trading with chores, and other physical labor job is not very easy, and that is why there is a difference between a full time trade and a short term trader, as a short term trader, you cannot act the way a full term trader would act, otherwise you will get burned.

Most full time trader who has chosen the line of trading as the only source of income often neglect some of those other things you do, and they probably get a nanny for I and also do not engage in other physical woks, so if you want to trade like that, you have to apply that method also, but as a short term trader, just learn to always make use of your take profit and stop loss tool, or you make use of BOT applications.

True, life is all about balancing. Even I handle my office and trading together. On some days it works well while there are losses sometimes. Have to manage anyhow.  Following this thread to know how traders are handling this similar situation

Productive, profitable, and more importantly - practical.
Can’t beat days like this… Got a mountain of shit done, and made some money too!

Now, normally, if I can’t give a trade attention, I don’t bother.
I’ve been burned too many times… Way too many times…
Price always seems to crash when I’m not paying attention.

But humans are built to multitask, and I’ve got a bankroll to build here.
Something flexible, like chores around the house… I can totally keep an eye on my trades while I do this.

So I spent a few minutes looking for the perfect coin to trade… It had to be moving slow, but steady. That way I can check in every once in a while and not miss much.

After finding a position I liked, I set up my orders and started my house duties. It was the typical bullshit that we put off all week…

Laundry… vacuum… you know, all the domestic shit everyone hates.

Some time after I started my house work, my buy went through. I checked in a bit later and it was still floating at the same price.

Great!

By the time I was done vacuuming, the coin had dropped and hit my stop loss.
Damnit.. Not a good start.
Thankfully, I had plenty more chores to do...

Said no one ever.

But I did get two more trades in today - both went very well.
I was already halfway to my goal!

When we hear about making money through trading, we picture 8 monitors, a dozen empty energy drinks, a chair-toilet hybrid…

Yes, you should always pay attention to your trades… but life is about balance.
I'd love to tell you that I’m always glued to my screen, but the tools available to us make it easier than ever to profitably ignore your positions.

Sometimes it's just not practical to spend all afternoon staring at the screen… sometimes you just have to live life and work with what you've got.

Do you do anything you shouldn't?