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

[maeusi]

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?

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The same happened to me. Especially on cryptocurrencies it is the best to create a portfolio with several coins and just keep it.

[babsjoe]

Active traders are the ones who spent their whole life learning how to trade. They are also responsible for big potfolio and they are very skillful. You can not be behaving like them neither should you trade everyday. It simply nit reasonable.

[justdimin]

If you just stare at the charts and start second guessing yourself at every minor move, that's time wasted. Keep calm with trading and controling you self.

Yes, keep calm with trading. You cannot become a master in a day or two. It is a slow process which will definitely take some time. All you need is to focus and try to remember what you learn. Learn less though but learn well. If you manage to learn well, you get a huge profit in return for sure.

[dhampir-D]

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 will only depends on the person if he/she is really into trading if you are working hard daily checking the charts and the movement of the coin and doing some analyzation then this is what a professional trader is doing and it will really lead you into more money. In my opinion those who lose too much profit in trading are traders that doesnt do well obviously and just want to switch on other jobs that are related to bitcoin.

You're right. Most often long term holding is more advantageous, but some people can not afford to live only from their holdings, and trading is a way that allows them to have bigger gains. For some people, trading is not an option, it's a daily job.

[Vaskiy]

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 will only depends on the person if he/she is really into trading if you are working hard daily checking the charts and the movement of the coin and doing some analyzation then this is what a professional trader is doing and it will really lead you into more money. In my opinion those who lose too much profit in trading are traders that doesnt do well obviously and just want to switch on other jobs that are related to bitcoin.

You're right. Most often long term holding is more advantageous, but some people can not afford to live only from their holdings, and trading is a way that allows them to have bigger gains. For some people, trading is not an option, it's a daily job.

Trading gives bigger profit, for which one should not consider it to be the day job. With people who can afford to loss without any decline in the standard of living could make it a day job. In my personal thinking, more the time spent more will be the profiting as the price varies each and every second.

[mightaswellallowanonymous]

How else do you wanna daytrade  lol

[MrBitter]

This is not true providing you know the trading techniques and know when to buy/sell and from where to buy/sell. More you trade better will be your understanding and prospect to buy/sell frequently will yield you profits during the course of time. There may be few losses as well considering the price fluctuation which Bitcoin go though but this should not stop you from trading all you have to do is consider the risks and don't invest more than what you can afford.

[Quidat]

This is not true providing you know the trading techniques and know when to buy/sell and from where to buy/sell. More you trade better will be your understanding and prospect to buy/sell frequently will yield you profits during the course of time. There may be few losses as well considering the price fluctuation which Bitcoin go though but this should not stop you from trading all you have to do is consider the risks and don't invest more than what you can afford.

Yes this is the best rule, don't invest more than you can afford... don't use all money/btc on one coin... and it is better to have coins in different places, than you can do also arbitrage if possible.

Having other coins and not just purely focused on bitcoin is also a wise thing to do because if we do have lots of potential coins in our portfolio then making money would be somehow possible if those coins would rise up its price either on short or longer terms.You do have lots of choices comparing on having one.Engaging on trading on prolonged times would somehow help you to develop as a better trader but this would only depend on what kind of of trader you are either an active or for long term.

[Granxis]

This is not true providing you know the trading techniques and know when to buy/sell and from where to buy/sell. More you trade better will be your understanding and prospect to buy/sell frequently will yield you profits during the course of time. There may be few losses as well considering the price fluctuation which Bitcoin go though but this should not stop you from trading all you have to do is consider the risks and don't invest more than what you can afford.

Yes this is the best rule, don't invest more than you can afford... don't use all money/btc on one coin... and it is better to have coins in different places, than you can do also arbitrage if possible.

A very important point is that if you lose an amount that you will not worry about, you will not have constant stress, I often deal with small amounts, even if I go into big bucks, even in my dreams.

[Sadnu]

It is true that you will not spend too much time in trading because you can lose money because you want to earn money immediately. Trading is up and down and if you look at the movement it can bring you emotionally. Emotion to sell because you lost. Emotion to sell instantly because you earn. And many more have been called automatic sell. Where you can set it as you want it to be. And that's what you do because most trading focuses are really experts and they know the trend. same like me i did not know much about trading so i took my emotion. when I mistakenly sold the Altcoins I purchased. Hopefully now I will earn about $ 20,000 that is of great value to me country. But it's too late because I sold my holding coins. I would have changed my life now that I did not make a mistake in my decision earlier. And that's because of my emotionally selling instantly.

[coinplus]

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?

Every investor should be disciplined and should learn the principles of time management in his/her daily lives, its not about spending much time trading, it is how much, how effectively you utilize the time you spend trading online

Time management and discipline is the key to success in practical life. Time is not only money but gold, diamond etc too. Killing time in useless activities means killing opportunities for learning new things, trying out what you learned etc.

As far as spending time at trading is concerned, I agree with you that what matters is in which way you spend your time, not how much you spend.

[Victorycoin]

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 spending too much time is not totally bad. It is ok to spend a lot of time on trading as long as you know what are you doing, knowing better about trading and you can hold your emotion on it. Because i thought on of the factors/ things to  consider to be a better trader is to spend a time on it. But ofcourse make sure that when spend your time on it you are gaining a lot of knowledge about it dont spend your time for a nonsense reasons

It helps much more to have a well defined trading plan in place and to follow same religiously. That way overtrading - your emotions taking the wheels, which is a consequence of hanging on to your trading platform for so long, can be avoided so you only get to trade when the criteria in your plan are met or no trade is made at all. That's how they become disciplined traders.

Would like to point out that while trading, you are supposed to be gaining in experience, the knowledge was meant to be there well before you set out to trade else you ain't ready yet to trade!

[bohr]

Spending more time in trading in initial stage is good as we can get good experience in trading.We could know the market conditions and price history of various coins by spending more time.But after gaining prior experience,there is no need to spend more time in trading.It is said that professional traders trade just two or three trades a month unlike newbies who even do thirty trades a month and despite spending less time,professional traders earn more than what newbies earn.

If you want to learn, spending a lot of time watching the charts is not necessarily the best idea, it is like the student that tries to learn the whole semester the day before the test, it is not going to work, so the best thing to do is to take it slowly watch the market only for an hour each day and try to determine what will you do in the current circumstances of the market and the next day see if you were correct about your predictions.

[Ayiranorea]

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?

Every investor should be disciplined and should learn the principles of time management in his/her daily lives, its not about spending much time trading, it is how much, how effectively you utilize the time you spend trading online

Time management and discipline is the key to success in practical life. Time is not only money but gold, diamond etc too. Killing time in useless activities means killing opportunities for learning new things, trying out what you learned etc.

As far as spending time at trading is concerned, I agree with you that what matters is in which way you spend your time, not how much you spend.

Time management is a must feature for an user who is with plans of making an bigger earning through bitcoin or any other means. With bitcoin time management needs to be very effective, because the growth happens very precise and some don't get the chance of getting at certain prices anymore.

[guesswhat]

If you want to become an expert for trading, especially for daily trading, it's a must to spend excessive time on that. There is no other way around it to learn it and become an expert.

Once you achieve this, it will be very easy to earn money from daily trade.

[mia khalifa]

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 I also spend full time for trading, although only monitor the movement of the market alone, the rest I spend on this forum to read all the existing forums to better understand and more understanding about the various coins.

[cp3mc]

It's never true because when you don't trade how can you earn?

[KingdomHearts]

Active traders are the ones who spent their whole life learning how to trade. They are also responsible for big potfolio and they are very skillful. You can not be behaving like them neither should you trade everyday. It simply nit reasonable.

I think this is something which depends on whether Trading is your only source of income or you’re doing it as your side business. If you are only doing Trading, then surely you need to spend much of your times learning the new tricks in order to earn more. Otherwise, there is no need of spending your whole day in it.

[rivoke]

It's never true because when you don't trade how can you earn?

You only trade if you've prepare for lossing especially bitcoin trading far more riskier than wall street that's why most bitcoin trader loss in long term. IMO , for long term , I'm suggest to hold it as long as possible

[davids]

It's never true because when you don't trade how can you earn?

that's why there are people trading for short term and long term. This would really depend on what kind of trader you are. active traders really spend their times on doing trading but they must need good technical analysis for by setting up target and stoploss levels.