Topic: Ways to stay completely sane while trading crypto - page 2. (Read 457 times)

Okay I am laughing, and then suddenly I remember my losses and I feel insane again haha just kidding. I am making huge lose on all my trades right now but still chilling because I believe in the long run I can at least make a profit if not then I might have to close the trades at break-even prices.

I also have a suggestion for you that never sit on lose for too much time, if you have sat on loses on one or some trades for too long then never ever get out of them, because the moment you will leave those trades you will be at lose, I can be wrong, as it's not so logical to say this but don't know why everytime I make this move market moves otherwise. The market play with sentiments but I don't know just like Instagram how the market come to know what my sentiments are!

SL/TP would really be that significant when you are making some short trading but on the time that you will be making up some holding then these things will be that irrelevant. When doing trading then everything will really be that needed up to reconsider on what are the probabilities and chances about losing and profiting then you will be that needing up that adjustment on the time that you do deal up with crypto trading. Complete sane? you should be needing up to consider out such approach because at the time or moment that on making up trades then its been that good that you do really know on what you should be doing because you wont be having that kind of progress if you will be that losing that control because at the time that you do deal up with this volatile space then you should be that prepared on whatever things that you do need up to do.

Trading crypto or a volatile market is never been that easy and since we are just humans and its normal that we will be that having these reactions and on the moment that you are experiencing loses then you will be having that kind of disappointment or anger on which this will be causing up for you to make up bad decisions on which we know that it will really be that something that very common for traders. So it will really be that making up some adjustment.

Patience, discipline and balance are very important in trading.  Patience, discipline and balance are very important in everything, not just trading. If you can learn to be patient, you will surely find yourself succeeding anywhere  Especially newbies should remember not to take extra ricks the second time after winning the first time  Because most of the newbies think they are very experienced without learning trading and make a small mistake due to over confidence. They have to remember that one small mistake can destroy all their dreams. So, newbies should not chase the market, control themselves, take advice from a competent mentor and work in a planned manner.

yeah plenty of tools can be taken advantage of from alarm to SL/TP, at this point I don't think watching the market 24/7 even a valid reason, even proper TP/SL already freed us from going the mental torture of watching the market and risk being liquidated for the whole account. for people who did DCA, they can easily just accumulate at every good support or dips, for future trader, they can simply do the same but with SL. it's trading is pretty easy right now.

I'm seeing it as more of lack of curiosity to figure out some tool that can actually improve their quality of life.

Losses are what are not negligible, whether you like it or not, losses will find you no matter how perfect you are at trading and the number of wins you may have accrued all the time you’re trading. It is a part of the process that makes you better and also know your mistakes to also make adjustments on. The trading market is very big and only few percentage of them have been said to be successful. Not that many don’t know how to trade, but most of other factors have contributed to them not being successful. Factors like greed, fear, impatience etc are what has hindered some traders from achieving success in the trading world.


Trading is not that easy as some people make it sounds. It is very hectic and requires a lot of your time and effort to make things work. It’s very challenging and demanding that requires you to make decisions that will make you feel bad at some times if it goes wrongly and give you sense of hope when it’s on the positive side. When you trade without knowledge can be correlated to gambling and nothing much.

I find it really challenging to stay being rational or sane despite of the risks while you are trading. Maybe for some experienced traders, this could be a piece of cake, but majority will hardly do it. Trading can be correlated to gambling, don't play it hard on your part, otherwise everything will end up as losses if you are forcing things for yourself. Trade if you can, but never compromise yourself if you can't be a good trader anyway.

Sometimes this things doesn't really apply in all situations. There are people that doesn't have any life aside from this trading, they stay in door all through because that's their life and they are always active. You can be on trading chart 24/7 and still makes your digits and you can do it half day and still print money and it can go the other way round. The thing about trading is that there is no definite route to success trading, it's about the user and not the pattern.

Even OP that is giving suggestions and all sort of advise, I'm not sure if he applied some of the things he said. Some people does things because it's their opinion and what they think and it's not what they practiced, some people do because they want to rank up and for that reason they post what they want to share probably to get attention of merit source or people that will garnish their post with merit. It could for plenty of many other reasons, trading on paper is different from trading in reality.

You don't need to watch the market 24/7. Set up signals and use tools to assist you. Watching changes for all your assets all the time is going to quickly burn you out and would inevitably lead to bad decisions imo. If you wanted to you can set up bots to automatically move your assets for worse case scenarios to avoid anything immediately bad.

Or just leave, like me. Honestly trading burned me out pretty badly when I tried it out at first so I switched to just doing DCA. Now recently I've been doing some light trading here and there, much prefer it like this compared to concentrating on it all the time.

After reading the op I remembered the popular quote about work “all work and no play makes jack a dull boy” relating this with free time op is actually right. The pressure most people apply when trading probably this is the reason they get angry after a little loss, I have seen more topic talking about preferring trade and investing over family and free time although it doesn’t work that way rather loss is unpredictable. Financial ability is also another factor traders should consider if they want to maintain a healthy and standard mindset.

Losses are actually the best lessons, because you look back, and see why you lost, if you can't figure out why that was a wrong decision then you didn't study enough to be a good trader, if you CAN look back and see what went wrong and what was your mistake, that means you learned trading good enough to see your mistake, and that's experience for you and you would avoid doing that again.

This is how become a good trader, first they learn, and be good enough to look at a mistake and acknowledge and recognize it, and then they gain experience by actually trading nad learning from their mistakes. When you do these two things, you gradually become better and better, the trading results will show itself and how good it gets.

You need to manage between your time to trade and other activities and don't spend all day long to trade. You need to take a break for a while to refresh your mind and enjoy your time to do other things. You can stay in front of your devices but that can affect to your eyes so that is why you need to take a rest for a while. If you have family, you need to spend your time with them and have fun by doing other activities so your life will be balance.

Take a break will help you to calm down your mind when you lose in trading so you can back to market with a fresh mind. If you can manages your time properly, you will have a fresh mind and can analyze the market better.

There are a lot of ways actually, but it can be real challenging for traders to trade within their sanity since the market itself and the trading outcomes are always unpredictable. Even those who are successful traders, maintaining their sanity means a lot of hardwork and effort.

Let’s just put it this way, if you are struggling to become completely sane, then don’t enter trading. Trading is never a do or die, you have all the options to make money even without trading. Just buy and hold bitcoin instead, you can still be in profits if you are here for long term, even without being active in trading.

Traders who can't stop trading may be addicted.
Addiction can not only occur in gambling or drugs, but anything or activity that is considered fun but cannot be stopped because of one's own will.
Traders who can't take a break will damage their mentality because humans need rest and lack of rest will damage health, but it cannot be denied that when you are feeling excited about trading, there is a feeling of regret to stop it, which must have been experienced by all traders, but if you want to survive long in trading then taking a break is very important.

definitely, for people who just can't help but always find any opportunity to find a good trade, it's kinda hard to take break, even at holiday we're gonna be thinking about trading 24/7

I think trader need to accept the fact that once we become a trader and delved enough to the market we gonna be fixated to the market 24/7 unless we withdrawn our money from our account to bank only then we're not gonna be spending time monitoring the market because we got no money on the account in the first place .

A wall of text again. Lemme simplify it for you so that readers will want to read it even more.

I'm trying this already. I already set to myself that I will only trade for at least 4 hours. Now if I didn't saw an opportunity for those 4 hours, I will try to look for an entry position if I can find anything. After those 4 hours, I will look at the markets and will focus on higher time frame so that I will not look at the charts from time to time. It worked for me since the higher the time frame, the stronger the confirmations as well coming from different indicators.
I've been liquidated several times already and whenever I experienced that, I feel disappointed on myself because I let it happen. Well, I'm disappointed for a few hours, but after that, I'm back to normal self again, but I will skip trading for the next days to weeks after that. Like what you said, I treat losses as an opportunity to learn, because for me, I'll be a forever student when it comes to trading. I'll learn every single day as long as I'm trading.
I guess this is the best advice. Don't take all of your time in a day watching those charts. We only have 24 hours in a single day. Let's manage it properly. If we need to step out of our computer to spend our time with our family, do it. If we need to skip trading for 2-3 days for a more important reason, do it. Opportunities will always be there especially in crypto where there's a lot of opportunities as long as you're skillful enough to get those.

Taking breaks is particularly harder for those who are very used to trading with their mobile phones, because at every opportunity they have to press their phones they are always searching and looking at the market for opportunities to trade.

Taking breaks should also involve keeping your phone down and staying away from social media as well as other things online for a short time.

In short, trade with self-control and discipline. Long hours with trading cannot guarantee success, but it even makes you prone to more mistakes and possible losses. And based on my research, there’s this 90% rule in trading, 90% of novice or less experienced traders will experience inevitable losses during their first 90 days in trading, so it means that 90% of their capital as well will be considered as losses. So it’s only a waste of time if you keep trading without setting time limits, because there will always be losses most especially if you are still an inexperienced trader.

There is nothing wrong if we can treat it like a full-time job but as long as we can profit on them per day and that profit is equivalent to most standard jobs or better if higher than it. It does not matter if you buy at cheap or at dips but what important is that you can sell them above your buying price. There are volatile and highly volatile coins so a trader can do their operations quickly. I'm sorry but the advice you throw there is bad but it can be done if we just suck at it no matter what we do. You once said that trading requires patience but why say not set a short time limit on it? Though that is right that we must keep on learning even if we are already good at it.

Trading has been known to be a path to financial freedom and it’s not that easy to achieve that without having to pass some series of tests in trading. Losses are part of the game and they happen to make you to become better for the future, because when the wins begin to come, they’re likely not going to cease and you may only experience little losses and lesser losses as compared to the time you were still learning to trade.

Trading can be time consuming but it is important to find time for everything and don’t allow trading to take the whole part of your life, you also need to rest and strategize better on what you’ve learned in the market, so having some breaks to cool off is great for your brain. Greed is a part and parcel of every human being and that will immediately set in when you begin to win more trades, you should be able to control it to avoid losing more than you can afford to lose.

Taking healthy breaks is my way of doing it. Sometimes I take a break because I have been trading for months and I feel terrible about it, and sometimes during my breaks I feel bad and I start back and feel better again.

So taking breaks helps you a lot, when you are trading breaks help you feel better to relax and not trade and feel better while not trading, but if the break takes months, then this time you start to feel better when you restart so trading makes you feel better. This way, it's a vicious cycle of trading and breaking from trading, and you keep the fun going for a long time. Remember, this isn't a relationship, trading doesn't break up with you, you break up with it, so you can take a break as much as you want.