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

[adzino]

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?

As long as you know what you are doing, it's not a bad thing to spend your time on trading which is much better if its your hobby. The more time you spend the more you experience you get. You also learn from your mistakes. But if you keep repeating the mistakes, then i think its time for you to leave.

[rickadone]

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.

Usually day trading requires a perfect man to get with. Otherwise day trading must be very dangerous for capital. Emotion control and sensitive money management are not feasible for all type of traders, only perfect trader could manage them effectively.

Spending long hours in front of trading screen will not definitely help any trader to groom but it will affect them emotionally.

[13abyknight]

This isn't true, the more time you spend understanding and getting used the market trends, the more profit you can derive out of it. There is risk involved sure but you profits come only by taking risks.

Never think emotionally while trading for profit this is a big mistake and it will ruin your profits if you incline towards holding coins for longer than required. Logic always wins the battle of profit.

[Mahanton]

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.

Usually day trading requires a perfect man to get with. Otherwise day trading must be very dangerous for capital. Emotion control and sensitive money management are not feasible for all type of traders, only perfect trader could manage them effectively.

Spending long hours in front of trading screen will not definitely help any trader to groom but it will affect them emotionally.

Theres no perfect trader on this world but we can assume that there are really experts on this one and being a day trader is really hard since ive been trying this thing to do which i do pursue that this trading habit would really suits me since i do have the time to sit in front of pc for longer hours which is really a good thing for a day trader but still its hard and cant really be learned up for a few months and it would really take you time to achieve it on having the knowledge on gaining or making profitable trades later on.

[nydiacaskey01]

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?

I think if one is a day trader or scalper, that kind of trader needs to spend a lot of time in trading, I mean monitoring the current price because they are the type of trader who hits the Sell button the moment they see that they already reached their goal, regardless if the profit is small or big, they are known as short term traders. Hitting the Sell button a second late may mean loss to them. 

[Mr. Regi]

Spending too much time on trading makes decision making less efficient for some people, but in the end it's all up to you.

[ActiveP]

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?

Most traders don’t want to admit they are wrong, so we ride a bad trade down, making it even worse. Make sure to take breaks, staring at the monitor for hours on end can be detrimental. Always stick to your strategy and learn to take losses.

[Barbut]

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?

Most traders don’t want to admit they are wrong, so we ride a bad trade down, making it even worse. Make sure to take breaks, staring at the monitor for hours on end can be detrimental. Always stick to your strategy and learn to take losses.

Spending too much time for trading is a mistake, cause of that I made many mistakes in the beginning. Too much time watching numbers changing inflicts badly on our judgment and that's why we make mistakes. Cause for trading you need to read news and follow some communities, numbers will never stop changing real battle is behind it, who is working for what, how smart they are, their contacts and contracts, their plans for future and how many people support that. Less trading and more reading and thinking about the future is good for me, better then daily trading and losing my bitcoins on that. Now I wait and wait and in right moment I just pick up the profit.

[dimonstration]

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?

Making a lot of time in trading not so bad its just a way how seriously you are interms of that dont say that you are stupid. But it may result loosing cause thats how trading works even if you tell that you take a lot of time you cant remove that so be brave for being a trader. Your mistake would be a lesson learned so next time you will do better.

[herurist]

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?

Just like me, that's why emotion control is necessary. Too much time is relative but never lost control, you'll gonna lose. Besides that, just make sure you have stop loss to minimalize your risk. Try with little money you have until finding the best strategy and deal with all risk on real market. Patience and disciplines is the key, good luck.

[richardsNY]

Just like me, that's why emotion control is necessary. Too much time is relative but never lost control, you'll gonna lose. Besides that, just make sure you have stop loss to minimalize your risk. Try with little money you have until finding the best strategy and deal with all risk on real market. Patience and disciplines is the key, good luck.

There is no best stategy as in one that will guide you through all kinds of market scenarios. Strategies need to be adjusted according to the situation at that time. If things were that easy, nearly the entire market would be full of people making profits. Truth is that in order to allow one trader to make profit, there have to be several people losing -- money doesn't just fall out of the sky into your pockets. Because this market is so unpredictable, the risks that you take are high, but if you manage to adjust yourself to every possible market scenario, your profits will be high too.

[shield132]

Guys don't look trading like simple game because it's really addictive. OP as you said, you make very stupid mistakes. Do you read books about tradings and others experience? yeah, trading is good job and profitable if you make right decisions but to my mind it's hard for small players, big ones control situation. If you want to become more pro in trading, try some demo platforms. If you can't and still make many mistakes, then find something better that fits you.

[BlockEye]

Guys don't look trading like simple game because it's really addictive. OP as you said, you make very stupid mistakes. Do you read books about tradings and others experience? yeah, trading is good job and profitable if you make right decisions but to my mind it's hard for small players, big ones control situation. If you want to become more pro in trading, try some demo platforms. If you can't and still make many mistakes, then find something better that fits you.

Well there are lot of ways to learn it, from this forum to youtube. We can definitely earn much more in trading but if it's not for us ,i mean having failed in it multiple times or having more loss is not healthy then maybe we can try other task like investing. Which still need a trading skill after thea token distribution. Trading skill is important as much as possible learn it little by little.

[dihari]

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 is true. There will be so many emotional mouse over when we have too much time standby on the monitor and watch the market. But now I understand, being a daily trader doesn't mean you have to shit all day time in your chair and watching market. I only need to place order in the morning, control it in afternoon, and make speculation at night.

[traderethereum]

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?

i think its normal for you and i think many traders is spending their time like you. beside that i think its because we don't want to missed something especially if the coins is suddenly drop too far. but for you, i think you should manage your emotions to not spending too much time for trading so you can do other thing that might be need to do. don't take too much to watching the condition of the market because in one day, you can be boring with the condition especially if the condition is like now because bitcoin and altcoin is having strange movement.

[Taskford]

That is true that don't spend too much time in trading because it will make you greedy in making money, for example, you already earned $500 from your trading today and if you will spend more time in trading platforms then it will make you greedy to perform trading again and you could possibly lose that profit if you don't have a clear target for your profit.

[Singwala]

Giving more time in and see all day the charts pump dump. its not a good habit. Instead of see the charts down / up why not focus on Learning reading news , what's is the improvement of other altcoins. etc. that you think they give you more knowledge in trading.
reading sa charts is good . make a habit always reading news so now your time is a more spendable unlike you doing see market fall and down.

[webdevmastery]

It was actually depends on your strategy and how your'e earning your bitcoins. If it was hard for you to earn bitcoins then just keep your coins and wait till the currency grow's up. It was actually like waiting for the right time to spend your coins. Just try to think of your own strategy and look on the rates in the internet so you can decide when is the right time for you.

[xuan87]

In trading you need to think logically, when you trade using emotion you just guessing the price, and that will caused you to lost money and you need to spend more time to learn trading the more you learn the more you will gained experience and that will help you how to trade properly

[dream_maker82]

I think it depends here not on the amount of time, but on knowledge and skills to control emotions. If you can not control emotions, then it's better not to start playing at all.