Bitcoin Forum

I got into altcoin trading just recently, a week or so ago.
Honestly I never dealt with exchanges before and this is all new to me but it's both fun and very stressful. I'm not a big time player, in fact I started out with nothing and just mined some Hush, sold that and bought ARK/Waves/Shift/Espers. I own maybe $500 worth of coins right now lol, but I plan to increase this.
However stress is getting to me. I keep checking the prices, trying to buy low and sell high and I do that at work now as well and even dream about it. I dreamed Espers was getting pumped and my exchange closed Espers trading and I woke up all pissed off and sweaty and cursing the non existent exchange.
I'm not very interested in the tehnology I just want to trade as I find that a lot of fun. But I need to deal with the stress somehow ;D

beer+fags+never invest more than you can afford to lose :)

(mind you I sold 80BTC @ $2AUD each and 18000 LTC for $160AUD some years ago so I'm not the best person to provide advice :))

I hold. Buy low , set exit point and never sell until price reach the target I wanted or until I think profit is enough and time to move on to a better/stable project.

Never lost a dollar on any coin.

If you really want to deal with stress just check the prices once or three times a day, and hold it until you get profit. Watch out for news about the exchanges you use, so that you wont get pissed off next time and lastly, have fun doing other recreational activities in real life besides trading and being in front of your computer all day.

If you don't want to stress, have a plan and stick to it.

Assess the situation, inform yourself about the news surroundings your investments, and use the information you have gathered to make a decision.

What are the factors that will have an influence on the price of a coin in the short, medium and long term? Answer these questions then you will be able to make informed predictions: how much you want to risk in a given coin, how low or high does it have to go before you buy or sell it, ... . Keep yourself up to date with the news in case some factors have changed or new ones have come into play.

If you don't want to bother with all that but still want to trade then you can also just stick to technical analysis, the "art" of drawing lines on charts and stuff. Sometimes it works, sometimes it doesn't, if you keep that in mind then you won't risk much money in a trade unless you are very confident about your prediction. Open a position, put stop-loss/take-profit orders then go on with your day

And if you just want to trade then take it as a hobby and not as your new job because more likely than not you will lose money in the beginning before you get more experienced about the risks involved (the more things go wrong the more you realize that what you thought were certainties just weren't so)

If you don't deal with that stress but keep on trading every day then after a while it will eat you alive and make you broke. And there is the usual "don't invest more than you can afford to lose", if you can see what you're doing as a game and a gamble then you will be much less stressed about it.

I agree if you are really experienced trader that would you do, and that is the right thing. Though those newbie they are selling their coins at also low so they get any profit from it hence they losses they capital from it. Hold is the best way and the is the a test to your patience on what will you do, if you can hold it in a period of time until the price pumps then that is really good and you can earn a ton of profit from it.

It's much less stressful if it's money you can afford to lose. imo that should be the main piece of advice.

if $500 had done you such, I suggest you leave the business and do some gardening business instead

have you heard of longholding? buy x coin and forget about it for 6 month and you will live a life free of stress, and maybe come back with x5 or x10 gains  

Well I am not stressing about prices going up and down. I believe they will recover and I'm not selling stuff because it goes down.
I'm a miner, what I mine is what I use to play with at exchanges. I invest my mined coins into something that I believe is a better project. Maybe my $500 is not much for you guys, but I just started out a month ago and the prices have crashed a lot so it will only grow. Having to check prices constantly is what's starting to consume me.

1. I choose carefully
2. I buy at low price
3. Safely hold
4. I forget about them for a while
5. I follow and check the roadmaps

I am not stressed. Am I a psycho?

Lol :D. If you just need still hold 1% of that amount, in present you will have a huge money for your life ::)

People who early came to trading world and thought they will earn well it would made them dreamed just like you and made you less focus on actually what is your purpose/goal also it would made you impatient. The best way to make your stress get away just find new activities it will more nice if you hangout with your friend and start learn something new. 

Why are you sticking with "buy coin, hold or forget for 6 month"..
During that 6 month, a lot of mega jump may happen and you may loose significant funds..
Holding coins without daily checking/analyze isn`t smart way..

When it comes to crypo trading, you just have to be on top of the web page and even refreshing every now and then because the rate at which price changes is something that one could end up making loss just by not being timely. But the way to do that is to use bots but you need to understand and study it very well as it could also be an haphazard decision to make but it will save you the stress of having to check the direction of price every time.

Why he is saying buy the coin, hold or forget for 6 months means he is observing market flow from last few months or years and checking how the coins will grow in 6 months of period. That is why he is saying. it means long term investment. And you also right in the middle of this 6 months we have chances to miss good opportunities many times. So you buy coin to hold 6 months but keep checking the updates don't sit ideally. 

You are just getting too serious with this stuff. If you are really enjoying on trading you should not think it too much inspite on stressing out yourself its much better to follow the essential steps on doing trading. Buy low sell high just like that. Stress would be more if you do see that all of your coins are on negative which if its your first time you would really panic and cut loss for sure and you should really be ready on this one because it does give more stress than on the thing you are experiencing as of now.

buy into promising project like ark and withdraw to your wallet then vote for someone to get more ark. No reason to flip flop and check into it often, crypto and stock go up and down, there shouldn't be stress over it.

How to eliminate the stress of each person is different, I eliminate the stress by channeling my hobby by riding a motorcycle, sometimes I also meet the woman of my dreams, after which my stress is gone and I feel refreshed again. :D

Very good at helping yoga, breathing exercises.

Keep your expectations low .. anything can happen in crypto .. So you need a stable thought process to avoid hasty decision. If you are stressed, chances of you making mistake is higher.
Divert your attention, learn how market works .. invest in stable coins so you will have peace of mind and you won't keep staring at charts all the time to see how much you earned and lost.   :) :)

Beer and chill, is hard to play exchange market, is like gambling if you don't know whats behind.

Turn off computer,
Go outside
Enjoy the summer,
Turn on computer on November.

i would have advised you to get a bot but you just said you hate technology so keep experiencing it stress for now, it will be neutralized very soon or else get some beer and cool down

i don't trade much because like you said it's come with too much stress, i prefer to play passively, buy cheap coin wait for the pump, next dump and repeat or i just buy mining rig or good pos coins and they do everything for me, i earn money without doing anything

It's fine for people like you to get strees, same like me when start trading or get loss. But every one has the same problem with different solutions. Try to fix your strategy with long time period with wise management, use only 60% from your money. If you feel strees just hang up your pc and get some rest, that's the easy way to still fresh. Good luck.

My advice would be to set decent stop/loss limits and don't risk more than 5% of your equity per trade (or 1% of your total capital). I know you won't make a killing this way, but you are playing it safe and can get returns of 4% to 8% per month even when the market is bearish.

technical analysis is key for trading crypto, dont listen to those that dont. when you observe the prices and charts, you'll soon find a pattern which traders adhere to.

take deep breathes. and only use gambling money.

I just go out from the market and do other things that are worth of my time because there is nothing can help for my stress in the market if i will just stick with it everyday, i'm always trying to do other things like read some books or spend some of my time in nature so i can be relaxed and feel refreshed.

remove as much of the risk as possible...

store your coins on a device dedicated for storing crypto. I recommend wiping any device you plan to use for this and set it up properly and of course to not use this device for anything else (as well as leaving it offline as much as humanly possible). Also look into hardware wallets, store all the big name coins on a hardware wallet and store all your small alts offline on a paper wallet or on your dedicated device. Don't store on exchanges, that solves alot of the risk.

Decide before you even take the trade what your goals are. Is this a long term thing? you want to hold it for years? months? set yourself a point where you will sell if the trade moves against you, or only put in what you are 100% willing to lose (especially now).

Define your risk to something you are comfortable with so you can sleep at night. Once you take a trade you need to keep it on unless it either A: hits the price you decided you will sell at if it moves against you, or B: it rises to where you want to take some profit. Don't focus on it, look up the price 1x in the morning and 1x at night, after that enjoy the rest of your day. Don't listen to others unless it's something you can verify as truthful. I can't tell you how many times I've seen stock analysts be completely wrong about a stock they are talking about, the same applies to the crypto market.

Also, traders that trade less tend to be more profitable. Playing the whole sell at the top to rebuy the bottom is hard to do. Just hold and be happy with the profit you do make, and keep your eye out for good altcoins to do the same with.

Invest long term and don't think if the price go low.

If you believe in what you invested there is no need to worry  ;D

Besides all the advice everyone has given already, if you trade long enough you almost don't feel stress anymore.  You get a sense of how markets work and what to expect, and also how to plan accordingly incase your decisions aren't turning out how you thought.  Basically always have a plan b to every action in place and think 3 steps ahead.

You cannot avoid a stress, but you could minimize it. Try to use cocaine price notifications, it will help you to stop checking price every 5 min.

always be comfortable with the amount you risk to lose, and be okay with losses, they're gonna happen. As long as you don't invest money you need for living, you'll be fine.

Honestly best way to deal with stress is sex.
Try it.
Thank me later  ;)
edit* someone suggested to go outside, well it won't help you with stress better than sex, but it will help you.

I think the stress is coming if you are trading without a concept or risking very much, that´s when I get stressed. beer and chill is the best

The answer is never invest more than you can afford to lose, or stress is normal as happiness.

I go to the off-topic section and laugh at account farmers asking stupid questions.
this exact topic title is in there if you look for it..

HODL!  ;) Its harder than you think

Yeah it works for me too.

I just delete all my apps and hide my wallets

The secret is to buy coins that you believe will worth much more in the future.

example: I don't care if price fall from 0.10$ to 0.6$, if I believe that it will worth 1$ in 6 months.

day trading is by definition stressful, since as you've mentioned you have to check prices on a daily basis and make decisions that impact you psychologically

it's especially stressful if it's your full time job

I'd recommend to change from day trading to long term trading, what I mean by that is to invest your money on whatever you believe will have the most value in the future, and forget about it (make sure not to forget your private/public keys though)

If you take the decision that you will not sell within the next, let's say five years, you will have an instanteous relief and the fact that prices are down one day, won't affect you psychologically, as you've already made the decision that you're not gonna sell anytime soon

Checking prices and seeing it go high and low could really be stressful. Maybe just don't get things too much things will soon get better. Just cope. Taking a short break is also great.

i eat cake and chocolates when im stressed out
but seriously find a good coin buy low and hold em
thats how you lessen the stress

Turn off my computer and find a hobby can make me happy in this time, example: I very like watch anime and read manga, when have more stress in trading, I always going to watch a series anime I like or read a manga interesting. It very useful and can helps you forget this stress

I don't get clearly why you are being stressful but as i've understand if you want to get otut with that stress of greediness is to uy and shold .Hold the coin you bought that you think havea good price after weeks or months. If you wantto make it increase .Increaee first your ability to trade to get maximize on skills.

Rising and falling prices is a natural thing. I hold and plan it for the long term, but the coin I hold must have a good project. Just like me when I started trading, get stressed when the price goes down. When that happens I start leaving trading while to look for something fun out there

Just try to figure out what the coin is for, what are the team members proposing, why it should increase its value, what are the main obstacles, and be confortable with your investment.

And, of course, as said in the first reply, never put money you can't afford to lose.

Firstly do not get upset over price rise/fall. This is tend to happen so you do not have to worry over it. Yes if the price is continuously falling then sell off your holding and buy later when it drops further in this way you will feel better and once price rise you can book profits and set off your loss.

This will help you to distress yourself from this tension and enjoy your personal and family life as well.

Well this is best choice helps we forget stress in trading. With me, I usually order a tour travel and enjoy some days before recovery my calm to trading again, and it will helps me use old profit from trading too :P

Stress comes to all kriptocoin traders, if it comes I prefer to turn off my computer and try to hold back to see the price until the next few months and try to find entertainment in some places. I suggest if you always emphasize in looking up and down prices, you should do long-term trading.

I buy coins and put the limit order for automatic selling. I did not check it often to avoid stress

I try not invest too much untill I know more about what I am doing. I'm stressful times I blast my music as load as it can go on my sound system. Feeling the bass in your cheat is the best feeling ever. But golden rule is not to risk what you cannot afford to lose. So don't invest your rent money.

If your realized loss is more than 20% of your account, you should definitely stop trading for few weeks

Oh to bad. We gonna be strong and brave because we need it to take the risk and to finds other way to make things better. We need to do it for us to control emotions.

When I get stress I just do few simple things, First thing I do is Shut Down my Laptop and make myself relax I also try to spend time with my family sometimes I try to watch some comedy movies it also helps me a lot to release some stress.

Ask if anything you do is gonna matter in 100 years. If the answer is "No", then maybe it's not worth stressing about.

That's something a good way to eascape the strees. However, it's not a way to prevent the stress. In my opinion, stress can be eliminated if we'll treat everything as easy and we do it one by one. Doing multi tasking cause us stress.

When i get stress first thing i do is turn of my computer and eat some food and play basketball with friends or watch cine with my family

just jerk off, it really helps ease the tension... 8)

Masturbate, at least 3 times a day and develop a vice  ;D

i have the same experience like you in the past and i can tell you how to deal with your stress like what i do. if you have much of amount for each coins, try to make order sell in 3 range of the price, if you are sure the coin will be pump, then you can place your 3rd or more order sell in high price maybe at 500% when the price is pump. don't sell all of your coin only with one price but make it separately in many range price. from all of your coins, you should leave little amount in your wallet just in case if the coins is getting increase more or you can have for long term investment.

after you make that, you can do another activity you want, don't to often to watch the coin in the market, makes your time worth by doing anything, maybe you can check the coin once for 3 day or week. don't feel like you are waiting for the pump but try to look what is happen in the market only. i hope you can deal with your stress  ;D ;)

Many ways to deal with stress on altcoin trade. But if you are just doing altcoin stress for the first time it's natural. I just suggest if doing altcoin trading know the coin first. Search about the coin. It will reduce the stress level. I often invest long-term for altcoin and the results are maximal.

Smoke weed and jerk off, the safest vices that exist.  Beyond that avoid trying to play the markets on the short term, and look more on a 6-12 month timeline, and just hold through any volatility.  If you did your research you will make money even if you time your entry poorly and buy right before a dip.

I remember once buying some BitBay at 160 sats, only to see it crash down towards 50.  I was able to have the ability to just say "fuck it" and I bought more, and about a year later it has paid off.

I have the same experience as yours when I came into this world. And now I think the work and the life are more important, and I choose to buy some ICO tokens as a long term investment, instead of trying to buy and selling old coins.

I just play game and forget about it

YOu can go out with your friend or girlfriend, go to the gym...lots of things to do


Dont just look at the chart all day, it is not healthy

Best way in my opinion.

Buy 1000 cheap coins spend.

0.010

List them for 0.25

Do this with ten coins.

Cost 0.1

If one coin comes in you have. 0.25

Managing your stress is the best way to escape from it. Don't think too much about the tokens you're holding, always think about positive side, have a positive vibes always. Me? I always think that the price always rise afterwards.

as you are new to this side don't invest that you cant aford to lose start with a small amount to understand how to buy sell and in which orice to buy and which to sell. and for reducing stress you can set a target which you want to sell. thenn set a sell order and nt look at the marmet much thua you ll b able to ruduce stress. when It was mh fjrst time I was also like you I was very tensed.but now day by day it has become okey.now I don't fell that stress

Dealing with stress is simple if we think but difficult to do. But I suggest that if your stressed and angry, better stop what you're doing and do things that make you happy or make you calm. It might ruined the things you're actually doing if you're stress just chill for a moment and make fun.

actually its easy to deal with stress but not every people know how to solve stress out. when i get stress, i take a deep breath, walk out from my home, enjoy my coffee while i can watch my neighborhood and maybe i can talk with other people if he/she is in beside me. or the other thing that i can do is i am going to wash my hands and my foot, get to sleep for a while. it is helped me to release the stress.

Perhaps try to limit the number of times on checking the price, because it'll inevitably fluctuate and add on to your stress. As advised by the other traders out there, it would be best to set a goal or price for you to sell and to hold on to it. Try to get your mind off of it sometimes. It seems to me that you've been thinking about it too much, to the point that you dreamt about it. Always think positively, and when you feel the stress just try to relax.

Do not look too often bitcoin graphs because it can add to your stress
Try to find activities you enjoy and forget for a moment your dream of selling altcoin when expensive ;D

If you want to deal with you stress maybe you should set some time on when you will gonna check your coins and go to sleep if your head is numbing to see the real time prices of the coins you hold but make sure you have a app that can make you monitor the prices on real time around so that you will not miss those precious times with your behold coins.

First of all you are the one who choose to be stress. You can also choose the other one. But like what you are asking on how do I deal with stress, it is answerable by one few word only. DO WHAT YOU LOVE THE MOST. I hope it can help.

Beer + Oral sex..  :P
No better way..

invest on something that will help you with your stress, it's your way to find out what that is tho. haha

You definitely need balance, trading is really stressful especially if the coins you are holding are beginning to drop, this is because you are new here once you get the hang of it everything will be settled. Be sure you only invest what you can afford to lose and do not touch your emergency fund just for the sake of trading

To deal stress with trading is the hard thing to do also. With trading when you have your coins is divide it that is  for short term and long term. Also to avoid this kind of problem when you put money is to invest on what you can afford to lose. All we have to remember is in trading there is always a risk.

I have never invested an amount that can be affecting to my life and I am allways looking this crypto earnings as if I can lose in an instant.If you accept that you do not care.