Topic: Ways to stay completely sane while trading crypto (Read 71 times)

With trading bots and automation there is no reason to stay in front of the screens all the time but trading should not be a full time job or something that might affect your near future as the possibility of making losses in the short term is high and profit in trading comes from buying at a cheap price and this requires patience and waiting to sell at a suitable price so the best advice is to ignore trading, not set a short time limit and keep learning.

It's called trading and not imprisonment but unfortunately, majority of traders are not in anyway different from prisoners who have limited for themselves and other things but always indoor. A trader ought to have a designated time for his trading activities and not trading throughout all day without reserving time for family and friends and most importantly, for himself. The easiest way for trading to have mental effect on a trader is when you devote too much time for it. You need at least a time to learn more about what you're doing so you can add to your already gotten skills and experience to minimise your loss. Despite the features mentioned above, you deserve a time to be completely off from trading and free your mind from that tension once in a while.

Health is wealth so its not advisable to do it like 24/7 monitoring just to not let the market caught you up. Honestly its not really needed to be on the alert there are tools on some cex to use like stop loss, take profit button, trailing stop and any other types of helpful feature to automate a potential move on your trade. Dont be a traditional one that will face PC 24/7 and degrade your mental mind.

I totally agree that what you mentioned is usually called over trade

Anything excessive is definitely not good, especially if it is related to trading, because every trade has its risks,

The more often you open a position, the more risks you have to bear,

If all your losses and analysis are not in accordance with the market, it can result in a big loss and can even wipe out all your profits and even your capital

Therefore, I myself only trade if all my algorithms really say yes to all of them and usually not every day but can be once a week or twice a week, besides that we need to apply good money management too, so that when we lose and experience losses it does not erase the profits that I already had before

the problem is by trading on limited hour, you'd miss an opportunity on the process, because the nature of crypto market is open 24/7 you won't know when there will be opportunity like sudden flash dump where you can easily profit off, the best way instead of limiting your trading hour is to set alarm, and trade based on technical analysis, this way you won't be getting fixated 24/7, only when opportunity arises you'd open your account and start trading.

other thing is also stop being a degen where we over leverage without TP/SL, otherwise if you do this you'd find yourself monitoring the market 24/7 afraid of getting liquidated of your whole trading account.

Sometimes it is better to not trade at all. Why do you force yourself to trade? By putting trade hours, you are basically saying I will make trade during these hours no matter what the market conditions are. That’s a very bad strategy. You do trades only when it is profitable make them trades. It doesn’t matter when you make them trades. It could be 3 A.M. or 5 P.M. , it doesn’t make a difference. If you say I’ll only make trades on Sundays or at night between 10 P.M. and 12 P.M. , what makes you think you’ll catch them profitable trades in these hours?

Trading can train you to be the real person you supposed to brand not only that, it makes people value their time, resources as well as taking what they are doing more serious because it deals with money and they can't afford to always be on a loss while trading, getting it right is not by how frequent or less frequent you appear on some of these centralized exchanges trading, the rules and discipline we can set could go more far in getting up to our expectations whenever we trade.


Don't trade all because you wanted to recover from the loss already made, trade as if it's also part of your daily activities and with the understanding that it makes you get up to or close to your targets when you're trading in a more professional manner, make use of your desired trading pattern and avoid overconfidence while trading.

To be honest a trader doesn't need to work 24/7 but they can still trade the 24/7 market window just by automating things using bots. Trading bot is nothing but automation of your trades using predefined inputs such as strategy, it just works all the time even when you are sleep or away. When you are not spending much time looking at the screen itself enough to have a relaxed feel which is what you call as sane.

Backtest your strategies and finetune your bot before entering the real ground to avoid any wrong doings, by doing this you can take advantage of market and all the trade actions will be instant that not possible with any human so you get to work on your trades by analyzing the market and whatever you do and let the bot handle the trading job for you.

Is very important to schedule time for everything and for you to trade effectively, you should be in your best state of mind not be overwhelmed by the market and always trade with a strategy.

Many times we tend to be carried with market volatility to the point that we may overwork ourselves while trading which is not good for our mental health so having a limit will help us to trade within a specific guide.

Or simply you do talk about not to overtrade and this is something that you should really be putting up into your mind on which you shouldnt really be that trying out to chase the market and just like you've said that the market is open 24/7 and it will be that up to you on how you would be able to get in and when it comes to set ups, then you will definitely making up anytime because there would really be tons of set ups that you can make out into the market on which it will be that basing on different situations or conditions. Everything should really be that balanced because on the moment or time that you do over trade and becomes desperate then you would really be facing up some issues in correlated into this aspect.It will really be that up to you on how you would gonna handle yourself into such moment or condition.

When you are still newbie then it is really that hard to make up such behavior because at the time that you will be able to make profits with your first trades, then this is where you do have this kind of perseverance and desperation that you will be liking to have tons of trades because you do make up some money earlier. You will be having that some sort of out of control kind of behavior and pretty sure that most of us did really comes into this kind of situation too on which we had become that too desperate on making money. People wont be able to realize things not until into the time or moment they experience issues.

Trading can be very risky and could cause serious mental issues if done wrongly. You need to be careful during this activity. I have some advice for traders out there to keep you completely sane while trading you crypto, You need to set trading hours for you self. This exchanges are open for traders 24/7, this doesn't mean you should trade 24/7, you need to have some time for yourself, you need to have dinner, spend time with your kids and family and live life like a normal person. The next is management of fear and greed. Losing is part of of the game, so don't let your losses damage you emotionally, Don’t let it be a trigger for anger.Treat losses as an opportunity to learn. and don't let greed push you to staking more than you can afford to lose, instead place your focus and attention on the framework and the logic of the trade. Lastly take breaks, leave your laptop for a while, step out and laugh a bit.