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

[jk_14]

In order for me to be any good trading I have to spend a day or 2 trading before I make my first trade it seems..

Figure out what rhythm the markets are in..

The markets don't really follow any rhythm. Even the slightest change in policy, technology or whatever else can have a huge impact on the markets and throw all your predictions out of the window. That's why it's important to learn how to create a portfolio that won't burn you even if large chunks of it go up in flames.

[Hui8]

Reality says different story. You have to spend lots of time in trading so that you can understand what you are really trying to achieve. Also you must make mistakes which is the only way of learning as you will know next time what to do and what not to do. So go ahead you don't have to be really awkward about it. 


And surely you will have to change your thinking and trade logically and with full alarming state. No emotions for good trader.

[jk_14]

Reality says different story. You have to spend lots of time in trading so that you can understand what you are really trying to achieve. Also you must make mistakes which is the only way of learning as you will know next time what to do and what not to do. So go ahead you don't have to be really awkward about it. 


And surely you will have to change your thinking and trade logically and with full alarming state. No emotions for good trader.

You don't have to trade with hard cash to learn the dos and don'ts of trading. You can formulate strategies on paper and then see how they pan out. That way you will also learn that deviating from your strategy will often result in a crash, thus you will learn that lesson without wasting money.
There are enough "safe" investments that you can park your money in before jumping into the deep waters.

[CraigWrightBTC]

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 don't think you are mistake because of spent too much time for trading, if you used scalping strategy ( used time prime 5 minutes, 15 minutes to making prediction of price) on trading because this strategy needs much time to stay on your computers, you take short term profit, but if you used weekly strategy trading, you don't need spend much time for stay on your computers, actually depend on the strategy be used by traders.

[Casabrandy]

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 don't think you are mistake because of spent too much time for trading, if you used scalping strategy ( used time prime 5 minutes, 15 minutes to making prediction of price) on trading because this strategy needs much time to stay on your computers, you take short term profit, but if you used weekly strategy trading, you don't need spend much time for stay on your computers, actually depend on the strategy be used by traders.

Right, it will depend on how busy you are maybe. Visit it when there's a free time,you don't need to watch it everytime ,overnight just set amount you wanted that coin of yours to reach then when you have time looked on it if it reached that value , if not yet then maybe the next time. Just hold the coins and token until you reach that goal of yours making sure that amount you'll set can happen in real.

[jk_14]

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 don't think you are mistake because of spent too much time for trading, if you used scalping strategy ( used time prime 5 minutes, 15 minutes to making prediction of price) on trading because this strategy needs much time to stay on your computers, you take short term profit, but if you used weekly strategy trading, you don't need spend much time for stay on your computers, actually depend on the strategy be used by traders.

Right, it will depend on how busy you are maybe. Visit it when there's a free time,you don't need to watch it everytime ,overnight just set amount you wanted that coin of yours to reach then when you have time looked on it if it reached that value , if not yet then maybe the next time. Just hold the coins and token until you reach that goal of yours making sure that amount you'll set can happen in real.

Even if you have all the time in the world, you are better off studying some Mathematics and Programming in order to program a bot for short-term trading. There is no good reason to waste time sitting at the PC and trading short-term, ever.

[noictib]

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?

Actually trading is that job which needed much time to get success and also needed to face big big losses so that you can easily estimate that one of your mistake may be results into loss , so try your new new skills to make the trading successful is not a bad idea , since you get loss but every loss in the trading will teach you a lesson to became a successful person in the trading job .
Here your time is also a type of investment and as much time you will spent with the same phase your understanding and knowledge will make your thinking profitable .
So keep your work hard in trading , and learn with every idea that get failed and always follow the basic rules of the trading .

[CoinSpeculator]

yes that is true.
cryptomarket is not useful for daytrading.
you should buy and forget if you want to earn something.

[Lansky]

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 case is that the lower time interval the more volatile is the price, that's why even if you have somewhat more than 90% probability of profit per year, this probability will lower down to almost 50% if you decrease interval to 1 day. So if you spend too much time checking the price, charts, etc, it's like playing coinflip. Moreover when you see the price is going down, your mood gets worse more than up, when the price is rising (I talk about the case, when you go long position) - that's a human nature. The conclusion is that you better spend more time on doing other things, self-developing, reading books and analyzing different new strategies, rather than keep monitoring your trading positions.

[Zrs]

yes that is true.
cryptomarket is not useful for daytrading.
you should buy and forget if you want to earn something.

you are talking about long term investment, its a good option for trade but daily trade is more profitable.If you did daily trade you can make daily $50-80 easily.just you need research about the coin.I made $40 profit today from BSD coin.again also placed buy order.regularly i am doing trade with BSD,MCO,Waves,and NXT. i spend daily 3 hours for my trade.

[jk_14]

yes that is true.
cryptomarket is not useful for daytrading.
you should buy and forget if you want to earn something.

you are talking about long term investment, its a good option for trade but daily trade is more profitable.If you did daily trade you can make daily $50-80 easily.just you need research about the coin.I made $40 profit today from BSD coin.again also placed buy order.regularly i am doing trade with BSD,MCO,Waves,and NXT. i spend daily 3 hours for my trade.

If you trade daily you can make $1000 or even $10000 profit a day. It depends on how liquid the market is and how much you invest in trades...
Random numbers like "$50-80 easily per day" are completely meaningless without information about the trade size, volatility and draw-down etc.

[1Referee]

In order for me to be any good trading I have to spend a day or 2 trading before I make my first trade it seems.. 

In a market as unpredictable as the one from Bitcoin, or basically any crypto currency market, you doing some "practice" trading has zero effect. In current circumstances the market sentiment can change in an instant from positive to negative, and vice versa. By the time you are adjusted to a certain market sentiment, it has changed already, and you once again need to get used to whatever the new sentiment will be. I find it a pure waste of time and potential opportunities. You doing "practice" trading before you start actually trading, says that you aren't at all comfortable with risking your money. In that regard, just stay away from trading in general.

[conected]

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?

- Time is more or less depending on the strategy and plan you are doing. For example, you determine that you will use strategy to "surfing", you will buy and sell in a very short time period but continuously, you will have to spend more time to trading but if you determine you will hold in the long term, every day you just spend a little time to see the price and then you can do something else. In addition, you should determine price should buy and the price will sell, the price cut loss before trading, that will make the emotion will not affect you

[cramcram21]

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 don't really think spending too much time in trading sites is a bad thing,
But if you think you are wasting your time in it why don't you just do something that would really help you,
Spend it on studying something make yourself busy .

[nicolas1979]

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?

For me, that's true, too much time for trading you'll gonna lose healthy, family and money. Manage your time trading wisely, don't push yourself too hard. Maybe you can use long time period for trading/ investment for the first step, control your emotion with patience and disciplines. First time will make you stress, but soon more benefits will come to you. Just try it and good luck.

[ethereumhunter]

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 don't really think spending too much time in trading sites is a bad thing,
But if you think you are wasting your time in it why don't you just do something that would really help you,
Spend it on studying something make yourself busy .

if we have much time then i think its not bad thing but if we only have 3 hours until 5 hours in a day, then i think we need to watch the market in short time only like 1 hour and half so we can use the rest of time to learn more thing that maybe can help us in trading. i think its depend how good we manage our time trading and we do not have to spend all day long to watching market.

[Bianxee]

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 don't really think spending too much time in trading sites is a bad thing,
But if you think you are wasting your time in it why don't you just do something that would really help you,
Spend it on studying something make yourself busy .

It think its far from the idea of what the OP is asking about, he spends too much time in trading and i think that emotionally thinking only effect is anger or losing money becauseof that . Trading is not a wasting of time , Its worth the time but like you said studying but to be particular study altcoins or trading stratedgies rather than stressing yourself thinking emotionally. Its not too late to think in Logically.

[senyorito123]

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 don't really think spending too much time in trading sites is a bad thing,
But if you think you are wasting your time in it why don't you just do something that would really help you,
Spend it on studying something make yourself busy .

if we have much time then i think its not bad thing but if we only have 3 hours until 5 hours in a day, then i think we need to watch the market in short time only like 1 hour and half so we can use the rest of time to learn more thing that maybe can help us in trading. i think its depend how good we manage our time trading and we do not have to spend all day long to watching market.

It's not bad thing really and by having more time on trading can make us a pro and we can actually find those tricky way to earn for some instance on trade whether the market is down or in up situation, But all things depends on how can we manage ourselves since if we say tradings it needs more monitoring since the price are not volatile for us.

[Warry]

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?

NO! Trading is a job/ way to earn money that requires really many skills, experience or even luck. You need to learn and trade most of your time just to understand how the markets live, how the coins are dumped or pumped and why they keep doing that. So, if you don't spend lots of time trading, you WON'T BE SUCCEED in trading.

[ladydark]

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?

There is nothing like spending more time for trading is bad or spending less time is good.But i have read that most of newbies do large number of trades per month and at the end,still their earnings is very less.But professional traders just do two or three trades a month and they get profits more than newbies.