Bitcoin Forum

Is it good method of doing it right? For example after being profitable within day I chew some Juicy Fruit and when I close day with 0 or loss I chew no gum. I concentrate on long-term trades >1 day but sometimes I do <1 day trades too. And long-term profit too. Can it build my bad habits?

Yeah, I check History before I go to sleep and I can do Juicy Fruit next day if any profit sumed up. Otherwise if you lose, no.

With the change in yesterday's bitcoin value, it was a reward for any trader who seized the opportunity. bitcoin has gone down very deep, and anyone who buys it at 2900 is a smart person, and they will get a profit of $ 700 just after 2 hours.

You didn't read this first post but you told good news.

Indeed it's a good idea,
But the way you explain it make me a bit confuse for a moment,as a trader we need to maintain our composure and never let our emotion take a control of our body.
Using your method can prevent us become a greedy person and 2 ways problem solver.usually we are doing a trade daily,but because of some reason we change it to mid or longterm.
You understand that can not fight agains the flow and need to follow it instead of facing it,most people trying to fight the flow and in result they got rekt.
It will not build you a bad habit,but it will lessen you an experience and finder opportunity.sometimes as a traders we need a ball to do something or make a decision,but because of your method you do not need to do this because you will only hold it.

So have an advantage and disadvantage

At first read up i do have confusion on understanding the words but luckily i did get the thought you are mentioning here since these are the things that you do when you are doing trading.Its actually on peoples ways on how they gonna handle their trading habits.We do have different habits and ways on comforting ourselves or making a thing that make us being more concentrated.

There was an interesting experiment with the taxi drivers. When they are having a good day they go home early instead of making more money, when they are having the bad day they tend to work more. Same with traders if they are having a good day they trade less, but when they are down they are trying to trade more, another bat habit .

this is the difference from real-world commerce and commerce in the digital world,
when we experience a loss on investment in comparison we do cut loss better we increase our investment and expect the volume of coin that we invested increasing
and keep the prices back pumped until we get the profit we expect
because the trade in digital currencies is very different friends

Trading with no plan may make your profit lost. You have to plan the investment for longterm, shot-term, target for each time.

Currently the value of bitcoin is $ 10,000. This is a great reward for those who have been holding the bitcoin since the beginning of this year. I think that in 2018 bitcoin will continue to grow stronger as big investors are turning to the crypto market.

True, without a proper research and a trading strategy, we might end up losing all our stash.  We should be updated and informed on the coming trend of what we are trading.  Aside from that, we should have patience whenever we are trading since often times price moves slowly and  with that those who cannot wait sell their coins and miss the opportunity to profit.

Can you please explain it to me? i do not understand what you have tried to say on the sentence.

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If you are just talking about rewarding yourself, then it is fine, and that is something that everybody must do when you have success over a bussiness or any other system who is providing money or anything who is valuable for you.

When i have a good week, i usually drink a bottle of an expensive whisky in a form of self-compensation to my self. And i really enjoy it because i know that i diserved it.

But when i have a bad week, well, i do not do anything because there are a lot of circunstances in where you are not going to be able to earn anything, and that sucks.

This kind of reward and incentive system is being done sometimes in big companies in order to motivate their employees and it actually works sometimes. Some use the opposite principal and impose a punishment or sometimes both. If the gum keeps you going and it works, then I advice you to keep doing it. It may be a small thing but if its effective, then I don't see any harm in having that kind of system. It may seem childish, sort of like how when you give candy or star to a child whenever they do good but this actually works and leads to productivity.