Don't Spend Too Much Time Trading? is that true?

[carlerha]

i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically.
what is your opinion?

Yes, because too much spending time watching your trades can trigger you to sell or to buy by your emotions ,Leaving your trades while working on something is a good practice to not be panic over your trade. Eventually spending time is not bad if you can control your emotions with those price up or down it willbe good.

but i do not think that it is right, because as more and more time will you spend in trading you will get more and more experience and your profit in trading is also depending on your experience.

[Shinpako09]

No, it wasn't. Most traders actually spending too much in trading especially if the movement is shaky and their main source of income is trading. There's nothing wrong with that. What wrong is if you're doing some moves that could result in losing profit.

[JL421]

What is really there to do with trading it is a process of buying low and selling when price is high you can't always expect to get instant profits or get good profits in a quick time so simply spending your time just staring at the price doesn't really make any sense at all

[orions.belt19]

i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically.
what is your opinion?

If you spend time analyzing the charts to prepare a trading strategy for the upcoming moves, that can be time well spent. At least if you actually stick to your analysis and follow through with your plans. If you just stare at the charts and start second guessing yourself at every minor move... that's time wasted.

As much as possible, don't make decisions based on your emotions. I agree that staring at the charts for too long may make you start to second guess and may even lead you to make an impulsive move. Set a strategy, plan what price you want to sell and just check the price from time to time. Spending too much time staying on the charts may stress you out.

[ArnoldChippy]

No, it wasn't. Most traders actually spending too much in trading especially if the movement is shaky and their main source of income is trading. There's nothing wrong with that. What wrong is if you're doing some moves that could result in losing profit.

yes is true to me my main way of earning money is also trading. from trading i am also getting a good amount of money. i am sure that bitcoin and altcoin trading will continue giving me good profit.

[fanbeila]

i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically.
what is your opinion?

It depends on how you spend time in trading whether productively or just wasting time by buying and selling without any strategy just relying on fortune.But professional traders just do two or three trades in a month and not like newbies doing twenty to thirty trades a month and not gaining good profits.

[Weawant]

i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically.
what is your opinion?

It depends on how you spend time in trading whether productively or just wasting time by buying and selling without any strategy just relying on fortune.But professional traders just do two or three trades in a month and not like newbies doing twenty to thirty trades a month and not gaining good profits.

Depends on people's time on how he can deal with his trades, but If people can stay and can able to watch the trading signals for long hour I think they are the one who can earn more profit on trades. by looking for it for long hours can save us to those massive lose or maybe we can retrieve back those losses occuring on us when red times happen.

[Ewox]

I really don't think it is a bad thing if you spend more time in trading, in fact before bitcoins price went down I was always on trading sites because I tried to do short trading and made a couple of profits then I realized I wanted to do long term instead of short term trading because I realized that when you do long term you really can tell the difference in a couple of months the price difference but it's just my point of view though. I still check the trading sites everyday but not the entire day.

[Darker45]

i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically.
what is your opinion?

It means you do not have yet acquired the necessary skills and approach to trading. Besides, emotions have no place in crypto trading. Just when you panic sell, everything bounces back and you end up buying when the price is already high. When another round of fluctuation comes, you sell with a loss. That's how emotions trouble everything.

Sometimes, it is much better to just buy and hold. I think you better do the same.

[Basaleyi]

trading is always like a illness bad addiction which take most of your free time if you want to or not so to avoid the addiction of trading is always to follow long term markets even if after one years just do it and forget about everything else .

[xIIImaL]

trading is always like a illness bad addiction which take most of your free time if you want to or not so to avoid the addiction of trading is always to follow long term markets even if after one years just do it and forget about everything else .

Hey bitcoin trading is not the share market trading. Trading is the one of the platform bitcoin which gives profit instantly with the price changes in the chart. Please refer some videos about it first, then you could understand actually what is the case. Still trading utilizing the price fluctuations and making money of it.

[roadbits]

trading is always like a illness bad addiction which take most of your free time if you want to or not so to avoid the addiction of trading is always to follow long term markets even if after one years just do it and forget about everything else .

Hey bitcoin trading is not the share market trading. Trading is the one of the platform bitcoin which gives profit instantly with the price changes in the chart. Please refer some videos about it first, then you could understand actually what is the case. Still trading utilizing the price fluctuations and making money of it.

Yes Bitcoin trading is not like a stock exchange. People do day trading in the stock exchange, so they will spend the full time to make money in stock exchange. But digital currency trading is like small term investment means buy any coins and wait for some days to increase the value of the coin and sell your coin when the price is high. Here also day traders are there, but I don't know how much profit they will make I never tried.

[Kemarit]

No, it wasn't. Most traders actually spending too much in trading especially if the movement is shaky and their main source of income is trading. There's nothing wrong with that. What wrong is if you're doing some moves that could result in losing profit.

Personally, when I started trading, I spent a lot of time online and try to gain as knowledge as possible. I didn't learn trading by reading books, I learn it through actual practice that's why I spent a lot of time on time. I'm a true believer in "Time you enjoy wasting is not wasted time." And besides, for some who really treat trading as their main source of income then its logical that they will spent lots of time in it.

i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically.
what is your opinion?

It means you do not have yet acquired the necessary skills and approach to trading. Besides, emotions have no place in crypto trading. Just when you panic sell, everything bounces back and you end up buying when the price is already high. When another round of fluctuation comes, you sell with a loss. That's how emotions trouble everything.

Sometimes, it is much better to just buy and hold. I think you better do the same.

For a newbie, I advise that you to not only invest a lot of money, but a lot of time as well. There are no shortcuts in trading, you have to learn by practice so its good that you will put a lot of time on it. Emotions should be in check, you should not be carried away by a simple FUD waves and panic sells. You have to make your own judgement, otherwise you wil make a lot of mistakes that you will regret later. If you don't have time, then yes, just buy and hodl.

[Przemax]

Thats a very good advice not to spend too much time on trading. That is the most common made mistake done by small traders. Unless you have a hundred of thousand of dollars invested in to bitcoin, it usually is not worth the time invested.

Firstly time is a resource, and you should use your resources wisely.

Secondly, watching a graphs non stop does not give you any advantage. To the contrary. It makes people frustrated with the lack of results, and you react more nervously.

It far better to set yourself a targets in mind and use the alerts on page like bitcoinwisdom, and react on your target price. It saves you time and teaches you a patience.

[d0flaming0]

The issue isn't the amount of time spent online trading. The problem lies with the individual emotion while trading. How able an individual is able to control their emotions if trades go against them into loss. Or how quickly they rush to close a winning trade thereby cutting short their profits. In the past I had a cousin who would place and close over 40 trades a day in forex. Most times over 95 percent of those trades ended in loss.

That's so sad for a trader online,  because somehow as expected for your investments the profit will have to gain returns in the future. Upon reading the stories you revealed here it come to a certain thinking of mine that spending too much time in trading could possibly caused you panic selling decisions. Then that is really confirmed here that without self control and managing emotions had caused the cousin of our mate here to loss the trades invested in forex.

Initially your main purpose of trading is to earn, it is also part of trading the word mistake and loss, but you must learn from it and try hard not to make it again if possible. You must discipline yourself if you want to gain from trading, it doesn't matter if you spend so much time on trading but just always consider for yourself the mistakes you have done and think on earning rather than sellig because of your emotional quotient.

[zekeshawn]

i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically.
what is your opinion?

If your emotions is controlling you then I think you are not suitable as a day trader. It is better for you to take a break and study about trading first and then come back when you are ready again to trade.

[nakata90]

i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically.
what is your opinion?

If you are a day trader, need spend more time for trading, it very important when you still not close your order. But if you are type holder (as me), every day you can check price altcoin you hold 1-2 times or not need check if you set target and placed order sell your coin with this price. All depends your type trade.

[vasrasus]

i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically.
what is your opinion?

If your emotions is controlling you then I think you are not suitable as a day trader. It is better for you to take a break and study about trading first and then come back when you are ready again to trade.

Mistakes made traders become a professional, I think it is normal for the newbie traders to judge based on their emotion and it is ok.Once they experience, then that is the time that they will mature in trading rather than leave and just come back again whenever your feeling is right, You will possibly commit same mistake again.

[webtricks]

i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically.
what is your opinion?

Indeed. Spending too much time daily analyzing different coins and shifting investment from coin to coin, following pump/dump groups, creating buy/sell walls may not help you earn big. Best thing could be investing for long term. Just do detail pre-head study then invest money in coins, set price notifications and then chill for time being till they hit new ATH. Long time hodl is best type of altcoin trading.

[harizen]

i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically.
what is your opinion?

The more you made mistakes, the more you will learned as it will gained you experienced.

But if you already lots of mistakes but still nothing learned then just proceed until you become matured. If it's already years of trading and still not matured then don't give up. If you eat at least 2 to 3 years and still nothing gained then stopped trading as the problem really on you right now.

It's not wrong to trust emotions when doing trades. Just keep in mind that your emotion has some strong support why you end up experiencing that kind of emotion.