Bitcoin Forum

Trading - One of the most stressful things I have ever done.

It is a rollercoaster of emotions and if you do not have an outlet, it's only a matter of time till you're reenacting scenes from "The Shining"...

How do you cope with the stress of trading?

Asking for a friend   :D

Stop trading on that day.

Watch some good movies, animes or look for another thing to do that shall give you relief. We have different activities to do that you like and just do those things that you think will relieve you from stress in trading.

A trader should always follow up his trades with a stop loss. You're really going to have that stressful trades if you don't set that.

It's not always a win so that's why it's important to set your stop loss as it's another reason why traders are having a stressful day. When they forget to stop loss.

I agree with @boyptc suggestion to stop trading if you feel stress. It is no problem if you become an investor because you only sell your coins when you get profit and that will not make you feel confused or stress with the price movements. That will be better to do, especially if you hard to handle your emotion in trading. Setting a stop loss will help you to prevent the big loss.

It is hard to give advice here because everybody is different. I had problems with stress too when I did day trading. I always felt like I sold to early or too late. By the thing with trading is that we can't always find the perfect timing. We need to beware that we are going to make a loss on some trades. As long as we win more than lose we should be fine. Try to clear your had in the evening.

You're 100% right on this one... A stop loss is a must have. Sadly I can't say that I've done so religiously haha

what information do you need? :)

Then you have to correct what you've been doing.

It's a stress reliever for worse trades that you might have and at the same time a saver of your balance.  :P

Never engaged in things that only bring you stress mate,

so if you only find stress in Trading then why need to continue > there are so many areas where we can make a gaining and in which there is no stress.

Just yesterday, in order to buy coins, I spent one night studying coins. I have to go to work the next day. Even though I stay up late, I still insist on going to work, but I don't feel tired, because for the sake of living, I think I can save money for future generations and I am full of motivation.

I don’t actively trade, I just buy & HODL. I’ve done it that way since 2015 but I do plan to sell some later this year. I think short term trading is gambling, best to DCA over a long period, nobody ever loses money this way.

I having a break mate, because there are no other ways to treat your self but a rest and enjoyable moment in which he will never have as he finds only stress in trading.
can't he find another work to live?
or other option of profiting so he will stay short time in trading?

@OP, stop using unnecessary bolded words and colour for your text unless its really important to highlight.

Doing trading for 24/7 will make you sick and stressful for sure, so limit your trading activities and avoid too much of trading because you feel the stress only if the things are mot going in your way.

I may transform into an investor xD

Apologies my friend, I did not mean to bother anyone with my formatting, just thought it looks pretty that's all, my bad!

As for trading, I tend to overdo it, which is why I need to stop. I don't believe I'm built for the trading life

I will start doing that as well. Trading sometimes brings me big wins, though sometimes the losses are enough to put a bullet through my profits. HODLing seems like the strat.

I wonder what you mean by "if you don't have an outlet".
Anyway, In my opinion, if you don't want to be in that kind of emotional situation just plan your trades, have a trading strategy and automate your trades so you don't have to be glued to price & be controlled by emotions. You probably could reserve some funds in stuff like stablecoin/fiat to do this. You use parts of the reserve to buy whenever there is significant dip then hope to be in profits when price goes up.        If you can't do this, you could aswell use a price alert app to alert you whenever price goes below certain level so that you can buy some. I'd advise you do this with amount of money you can afford to risk/lose.

What I mean is if you don't have a way to let out all the stress.

Thank you for your advice, I'll probably take it easy on trading and do something else instead. Day trading is far from the easiest thing and you need to constantly analyze graphs and constantly follow their movements. Not really my thing anymore. :)

No one can hendle the stress if they look at the screen all the time that is why limiting us is much needed and also day traders are not actually making huge money in long term so try to become long term trader so you will have less work load and more profits.

Divert your attention. Spend some money in real life and go out for a picnic, party or anything that interests you but stay away from trading for few days. Movies or even games can help you reduce the stress..

You will be soon.

As an investor, it's easier and you do less effort with your investments. You only need to look into the market just to check how's your investment doing.

Note that you're dealing with it in the longer run.

Besides using daily trading, you can try weekly trading. But the good methods can be bought when the price is down and sell when the price increases. You can use TabTrader and set the alarm for the price you want to buy or sell so when the price hit the target price, you can back to the exchange and do something. This is another method I used to trade so I do not have to watch the exchange every day. I only need to open my TabTrader to see if the price is moving or it needs more time.

Oh,ok. I asked that because I didn't think reenacting the scene from the The Shining would be a pleasant experience for anyone considering what I read about the movie before asking the question. It's actually important we relieve the stress as much as possible but only through the right ways which I believe anyone can do.

I focus on getting other assignments done throughout my day.  And I try not to worry so much if the market hits a temporary low.

And as weird and strange as it may sound, I can have a sense of peace with having to deal with the stress of trading.

Yes, I am facing pressure from frequent trading, especially using leveraged trading tools. The pressure has increased in recent months. Many times I only have a few hours of short sleep at night. At present, drinking a lot of nutrients and maintaining muscle training is the best way for me to relieve stress.

Everyone who trades crypto must be stressed, so am I. Crypto prices are volatile and difficult to predict always stress me out, but I have my own
way of dealing with the stress I experience. Usually I stop trading for a few days and do what I like. Like watching movies or playing gambling,
the way I do it can make me come back refreshed and ready to trade again.

i paused for a week or 2? that would ease my stress while focusing in enjoyable things that i missed while trading.

That's too long but if it's for the better, that's fine.

I'm stressed today and I've just taken some cold drink to take and fill my stress. I don't know what's happening to me lately as I cannot focused with things that I do.

The volatility of cryptocurrencies is too great, and the most reliable way to trade is to close the leverage or contract on the same day. Do not invest 100% of the spot.

Trading? Stress on trading? That is very easy.  ??? If you got something to invest!  ::)

Yeah, what is on my mind is that data center, eating bitcoin payrolls and spend it, (Buy example New PS5 and New TV for it). Invest, corporate large profits like Latinos on America stock markets and save for bad day.

yeah, distraction from stress is key

I am not a full time trader but if I decide to trade and feeling stressed or overwhelmed, the best way to cope is not to trade at all cos I come to find out that doing things under stress and trading inclusive doesn't always end well for me

I don’t trade or trade with small risks. The cause of this stress is important to identify. If it’s psychological, then you can work on it by taking slow steps. For instance, if you are doubtful regarding your trading strategy, then you can backtest it and trade it with a minimum risk. This will boost your confidence and help you trade better. In case, it’s just you’re bored, then you deserve a break. Trade tomorrow with a fresh mind.

if you're diversified enough it's not that stressful. It's still sad if one investment loses 99% of it's value, however if your portfolio is enough diversified that wouldn't be that big of a hit.

Holding BTC  ::)