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

[crazycatwoman03]

For a successful trade you need a lot of time, knowledge and effort, but experience will come with time. So if you want to trade with profit, then you need to be prepared for a big time investment.

Proper knowledge is required to perform well in the crypto market. One needs to put all efforts to learn about this trading in order to enjoy great profit. I don’t think so there is anything wrong in spending too much time in trading in order to grab trading concepts and strategies.

Right, trading is not a joke and is not should be considered as playing with the market prices. It is not easy to decide whether to sell now or still hold especially if you badly needed the money and the price is at lowest. I think that it should be on monitoring the market prices is where we should spend less time especially if you know for yourself that you can't control your emotions and that you can easily rocked by a sudden downfall. It has been proven that emotions can greatly affect us in making decisions and in trading, in just one move or one click of a button can lost you a good fortune.  

[batang_bitcoin]

It's not bad to spend too much time in trading. You will really experience many mistakes even I'm already in trading for years I still commit the same mistake. There's no perfect trader at all, I just observed that we don't have to be that greedy so that we can have a good amount of profit when the charts are on the green mode.

Greed is the enemy very difficult against, just by some green trap on market, we will think the future of cryptocurrency and the altcoin we holding can increasing in this time. But always take loss if hurry buying, not keep our calm and think again the reason make this situation.

It's always difficult greed is starting to deal with you. You are asking for more if there's enough already. I haven't gave any good decision before as I'm always greedy and wanted to have some more time to wait and think that there will be more increase to come. Spend more time to know more about trading.

[Skarner21]

It's not bad to spend too much time in trading. You will really experience many mistakes even I'm already in trading for years I still commit the same mistake. There's no perfect trader at all, I just observed that we don't have to be that greedy so that we can have a good amount of profit when the charts are on the green mode.

Greed is the enemy very difficult against, just by some green trap on market, we will think the future of cryptocurrency and the altcoin we holding can increasing in this time. But always take loss if hurry buying, not keep our calm and think again the reason make this situation.

It's always difficult greed is starting to deal with you. You are asking for more if there's enough already. I haven't gave any good decision before as I'm always greedy and wanted to have some more time to wait and think that there will be more increase to come. Spend more time to know more about trading.

Trading honestly is easy if you know how trading works but because you are investing a real money you'll afraid to lose your investment not only greediness is the reason why you are losing i experience before because of greediness i invest all my profit and also capital because i thought it can help me to make more profit but in the end continues decrease until the value is low..
unlike you are investing in bitcoin anytime soon you can be see the high increase of the price..
And you will not learn if you don't test and experience about trading ..

[buyinbtc]

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 doesn't matter how long you trade daily, one can spend 10 min a day and get thousands of profit while other spends hours and loses his money, just like you. You know your problem though, try to control your emotions, don't sell your coins too early and you will be fine. Take a break from trading if you need it, will be better than to try to trade more.

[batang_bitcoin]

It's not bad to spend too much time in trading. You will really experience many mistakes even I'm already in trading for years I still commit the same mistake. There's no perfect trader at all, I just observed that we don't have to be that greedy so that we can have a good amount of profit when the charts are on the green mode.

Greed is the enemy very difficult against, just by some green trap on market, we will think the future of cryptocurrency and the altcoin we holding can increasing in this time. But always take loss if hurry buying, not keep our calm and think again the reason make this situation.

It's always difficult greed is starting to deal with you. You are asking for more if there's enough already. I haven't gave any good decision before as I'm always greedy and wanted to have some more time to wait and think that there will be more increase to come. Spend more time to know more about trading.

Trading honestly is easy if you know how trading works but because you are investing a real money you'll afraid to lose your investment not only greediness is the reason why you are losing i experience before because of greediness i invest all my profit and also capital because i thought it can help me to make more profit but in the end continues decrease until the value is low..
unlike you are investing in bitcoin anytime soon you can be see the high increase of the price..
And you will not learn if you don't test and experience about trading ..

It is easy for us who had basic knowledge in it. But for the new ones they had to spend more time in trading because they need to learn a little by little. As I'm sure there are newbies who are fast learners and can adopt trading easily. Just following the tip of not becoming too greedy, be contented for a fewer percentage and just do a buy back.

[GTTIGER]

When people become pros I believe they begin to trade less. To be a great trader you must have risk management. There will not always be homeruns. Homeruns are rare but when you see one you will know. As for day trading, I don't believe it can be too profitable (time is money too). Save your time and occasionally trade based on homeruns.

[Dontme]

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?

Spending too much time in trading is not that bad because I believe that The More You Make it, The More You Learn About it. Sometimes, traders made mistakes due to the negligence of the traders. It is not about what we learned or what we know more about trading but sometimes it is because of neglect. If you not spend much time and much effort in trading you are going to made stupid things or much better word You will Lose what you trade.

[tleilaxu_eyes]

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?

Well, if you're staring at charts and not adjusting your buy/sell orders then yeah you're probably wasting time. But if you just open up the exchange and pick a few alts at random then maybe you should spend more time researching.

[michellee]

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?

Well, if you're staring at charts and not adjusting your buy/sell orders then yeah you're probably wasting time. But if you just open up the exchange and pick a few alts at random then maybe you should spend more time researching.

that is why we need to research for finding the coins and place the order buy and we need to make analyze to determine in how much price we to buy. after our order is filled, then we can take a look in the chart to analyze when the time we want to sell so we can take the profit but remember to not being greedy because we want to make big profit.

[shirackjs]

IMO, i feel that it is true not to spend too much time trading. Firstly, we should spend time with our loved ones.
The other reason will be the more you look at the market, the more you will make emotion mistakes. I have been trying to keep myself away from the trading screen.

[akar87]

IMO, i feel that it is true not to spend too much time trading. Firstly, we should spend time with our loved ones.
The other reason will be the more you look at the market, the more you will make emotion mistakes. I have been trying to keep myself away from the trading screen.

You are a smart trader and able to recognize yourself. Because the biggest enemy a trader isnt price that is opposite to order we make, but the emotion is in us. Because observing market movement for too long isn't effective.

[trecore4]

Its not true. Spending more time actually makes you perfect as long as you dont spend money out of thr limit. You spend the time on trading but do make sure that its a quality time. Just because you are spending time on trading will not make you talented in it but you may end up loosing your assets. Try to recover your trade if you are loosing something and see yourself how you can outperform it. This is important because anyone can we the trade as long as coins are pumping up but its even better if you know how to win when the coins are going down. This will need practice and lots of patience. So spend the time.

[bohr]

it can be true that trading too long is not good,...
But wait,
crypto market is 24 hours,... I know that you are not comfortable to let it under volatile market,
that is the risk.

Yep! Trading requires too much time and effort. It is a hard job indeed and demands too much patience and courage. The thing that matters is learning and knowledge about the crypto world. Crypto market is not easy to understand. Instead of quitting trading, it is better to practice trading over demo accounts.

This is true but at the same time we need to understand that not everyone wants to become a trader, I do not have the time to be a trader I already have a job I do not want to add another job in the form of trading, this is why many people in the forum prefer to just hold their coins and avoid all the problems that it comes from trading, like transaction fees, bad customer service from exchanges, delays in withdrawals and more.

[BarbieCasino]

it depends on what you mean by "spend time". wasting time for example is not proper way of spending it. and that's what most people do.

but if you spend time constructively by
studying the market,
analyzing the charts,
learning how to trade,
reading articles,
watching the movement on charts and thinking about reasons for each change
....
that would be a good thing.

some people even start "demo trading". if the platform allows that (crypto trading platforms rarely have this feature) then even better, but if not on paper or in an excel sheet. placing imaginary buys and then watching if they get filled, then placing imaginary sells and finally seeing if you could make profit.

all trading needs is experience. to know how things work and then acting fast.

“
but if you spend time constructively by
studying the market,
analyzing the charts,
learning how to trade,
reading articles,
watching the movement on charts and thinking about reasons for each change
....
that would be a good thing.”
Not necessarily, based on many experiences... most people don't study the market right, don't understand the article

agreed, you tell the basics of the bitcoin business, I thing if traders will not keep an eye on all these thing that you mention then I think they will not get much profit, give your time to trading but not way to much that makes you suffer or give you trauma of trading, mean every time you think about trading which is not good. Make a time table and set your time which you give to trading it will help you a lot.

[Sled]

If you are doing good in trading and you want to spend a lot more time then just continue doing that because a good trader needs to maintain and enhance his skills in order to get a better results and make more money in trading. Spending too much time is okay but you need to make sure that you are keep on doing good job.

[error08]

Treat trading as a business, put money that you are willing to lose it.
Don't put all eggs in one basket, do not invest on random shit coins which you don't know the idea of those coins.
There are some famous and profitable coins already listed on exchanges, look at its all time charts to decide the best time to buy and sell.
Join in several trading groups to know which coin will get pumped soon, and many other ways to earn from trading.
Spend a lot of time? depends on your purpose and activity out there, that's why not everyone could succeed in trading.

[streazight]

Treat trading as a business, put money that you are willing to lose it.
Don't put all eggs in one basket, do not invest on random shit coins which you don't know the idea of those coins.
There are some famous and profitable coins already listed on exchanges, look at its all time charts to decide the best time to buy and sell.
Join in several trading groups to know which coin will get pumped soon, and many other ways to earn from trading.
Spend a lot of time? depends on your purpose and activity out there, that's why not everyone could succeed in trading.

I agree with you that trading should be treated like business. I don't think so trading is like gambling by any means.

The selection of coin is very risky and crucial to trade safe in the crypto market. There are so many shit coins available which are simply wastage of money and time. The thorough analysis of famous exchanges can really help you out choosing the right.

[Rinsend]

Treat trading as a business, put money that you are willing to lose it.
Don't put all eggs in one basket, do not invest on random shit coins which you don't know the idea of those coins.
There are some famous and profitable coins already listed on exchanges, look at its all time charts to decide the best time to buy and sell.
Join in several trading groups to know which coin will get pumped soon, and many other ways to earn from trading.
Spend a lot of time? depends on your purpose and activity out there, that's why not everyone could succeed in trading.

If we talk about success, it only comes from those who dare to invest in large quantities on the newly launched coin, it is obviously all risky, then before we have to really study the vision and mission of the coin that we will invest

[futile-resistance]

Treat trading as a business, put money that you are willing to lose it.
Don't put all eggs in one basket, do not invest on random shit coins which you don't know the idea of those coins.
There are some famous and profitable coins already listed on exchanges, look at its all time charts to decide the best time to buy and sell.
Join in several trading groups to know which coin will get pumped soon, and many other ways to earn from trading.
Spend a lot of time? depends on your purpose and activity out there, that's why not everyone could succeed in trading.

If we talk about success, it only comes from those who dare to invest in large quantities on the newly launched coin, it is obviously all risky, then before we have to really study the vision and mission of the coin that we will invest

Definitely success comes to those who dare to take risks. Indeed those who invest in large amounts into a potential coin have greater chances of winning big profit. Obviously it is crucial and wise to study the details of a coin in which you are going to make your investment. Investing into a particular coin without deep analysis is similar to firing in the air without knowing your target.

[jimn]

I believe it is always better to spend more time in learning and getting good knowledge about trading before spending the time in trading itself. Because without good experience we can lose a lot as trading is a risky domain