Zalfa_mui
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August 25, 2017, 07:22:54 AM |
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Before buying the chart check is very important, and why you are doubtful about it, because by monitoring the chart before you can see whether the coin will go up or not .. And I think that's the way traders to choose altcoin
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dothebeats
Legendary
Offline
Activity: 3640
Merit: 1352
Cashback 15%
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August 25, 2017, 07:41:59 AM |
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It's more of a psychological issue on your part since you are invested and you have money in bitcoin. Believe me, I've been in the same spot as you are and it's really hard to avoid checking on the price every now and then. The best thing you can do is to try to divert your attention into something else that takes your time e.g. playing video games or reading books.
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YTBitcoin
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August 25, 2017, 10:26:25 PM |
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Before buying the chart check is very important, and why you are doubtful about it, because by monitoring the chart before you can see whether the coin will go up or not .. And I think that's the way traders to choose altcoin
That is must thing that traders do before going for any trade. Chart check gives a random idea about situations about values. And we can predict the future value. I also check it on daily basis because my trading id very intense. So going for any kind of trade without checking the value chart is like eating without teeth. That is really ridiculous.
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DoublerHunter
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August 26, 2017, 12:02:58 AM |
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Before buying the chart check is very important, and why you are doubtful about it, because by monitoring the chart before you can see whether the coin will go up or not .. And I think that's the way traders to choose altcoin
That is must thing that traders do before going for any trade. Chart check gives a random idea about situations about values. And we can predict the future value. I also check it on daily basis because my trading id very intense. So going for any kind of trade without checking the value chart is like eating without teeth. That is really ridiculous. As a trader that is not skippable because that is the behavior of traders, they are always checking the price so they can find a good entry or exit depending on their perspective. Checking charts for traders is not a bad thing because that is the only thing how traders can make more money.
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revswim93
Newbie
Offline
Activity: 36
Merit: 0
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August 26, 2017, 07:54:37 AM |
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I cant go 10 minutes without checking the charts. I have a real problem. It would be better with the screen in my glasses because then I wouldnt be constantly looking down. I just need a feed in my brain so I can just think about bitcoin and automatically know the price. But the conspiracy could use that same chip to mind control me so its ultimately risky.
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craZyLovE0916
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September 08, 2017, 01:08:04 AM |
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I cant go 10 minutes without checking the charts. I have a real problem. It would be better with the screen in my glasses because then I wouldnt be constantly looking down. I just need a feed in my brain so I can just think about bitcoin and automatically know the price. But the conspiracy could use that same chip to mind control me so its ultimately risky. Same here. Because of this habit I lost lots of money always checking the charts constantly it gives you a false sense of reality of what is actually going to happen in the markets and you might sell before you should or buy too early or too late as a result. That happened to me many of times.
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Fafabol
Member
Offline
Activity: 267
Merit: 11
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September 08, 2017, 02:07:52 AM |
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I'm not a day trader - in it for the long term. How can I convince myself not to keep looking at the market charts multiple times per day?
Maybe you can divert your attention to something that also interests you. Make yourself busy, maybe in that way you can't sneek to the charts. Also have a mind set that you're not a day trader so behave like a long term trader. Well as for me, it's quite hard for me to do this as if like this is my habit. Every morning the first thing that I do is to check my blockfolio so I can see what's up with crypto world.
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michellee
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September 08, 2017, 02:11:11 AM |
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I'm not a day trader - in it for the long term. How can I convince myself not to keep looking at the market charts multiple times per day?
you need to have another activity so your focus is not for the market charts, I have this experience before but fortunately I can search other thing so I am not looking at the market charts too often, maybe in one day, I only watch several hours a day. this is good for you as you said you want to safe for long term and I think you can try it.
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nydiacaskey01
Legendary
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Activity: 1834
Merit: 1036
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September 08, 2017, 02:18:42 AM |
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I'm not a day trader - in it for the long term. How can I convince myself not to keep looking at the market charts multiple times per day?
Its like doing your home work. If you don't check the charts from time to time, you are keeping yourself out of whats happening to your money or investment, it not a bad habit but it actually shows that you want to make sure that you are on top of your business or investment. One more thing is you cant rely on what other people will say about your investment, you have to rely on your own findings.
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romecheo
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September 08, 2017, 04:20:51 AM |
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I'm not a day trader - in it for the long term. How can I convince myself not to keep looking at the market charts multiple times per day?
You can't, no matter how much effort you tried. It was a natural characteristic of traders, even if you busy doing other thing, even how many peoples surround you, even while your sleeping. You keep going to your device and check for the current status of your precious coins. The feelings are mutual.
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bitart
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September 10, 2017, 12:23:42 PM |
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I'm not a day trader - in it for the long term. How can I convince myself not to keep looking at the market charts multiple times per day?
Risk only an amount you don't care about. That's all, you won't keep looking the charts because it doesn't matter. If you only want to hold, then it's enough. Time will tell. It won't gain really high profit for you, but you won't be disappointed if anything goes against your position.
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BillyBobZorton
Legendary
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Activity: 1204
Merit: 1028
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September 10, 2017, 01:05:27 PM |
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I'm not a day trader - in it for the long term. How can I convince myself not to keep looking at the market charts multiple times per day?
You need to take a break from bitcoin as a whole, including posting in here, reddit or any other place. I do that from time to time, get a month out and go get some sun, get some hobbies. It's good to take a break, specially when there's so much drama all the time in this community. Just be safe thinking that the Core devs continue making a good job and all the hardforking idiots are amateur players trying to compete against an NBA team with Kobe, Jordan and Durant all on the same team.
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Pettuh4
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September 10, 2017, 05:25:10 PM |
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I'm not a day trader - in it for the long term. How can I convince myself not to keep looking at the market charts multiple times per day?
You need to take a break from bitcoin as a whole, including posting in here, reddit or any other place. I do that from time to time, get a month out and go get some sun, get some hobbies. It's good to take a break, specially when there's so much drama all the time in this community. Just be safe thinking that the Core devs continue making a good job and all the hardforking idiots are amateur players trying to compete against an NBA team with Kobe, Jordan and Durant all on the same team. I think you just suggested the right remedy to cure this anxiety of checking charts. I feel the same way that long term investors should just forget about their investments for a while and chill out there so that they return after a long while to check what's going on from time to time and not everyday or several times within a day.
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hatshepsut93
Legendary
Offline
Activity: 2968
Merit: 2145
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September 10, 2017, 09:11:43 PM |
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I'm not a day trader - in it for the long term. How can I convince myself not to keep looking at the market charts multiple times per day?
Risk only an amount you don't care about. That's all, you won't keep looking the charts because it doesn't matter. If you only want to hold, then it's enough. Time will tell. It won't gain really high profit for you, but you won't be disappointed if anything goes against your position. "Don't care about" might be not optimal, as people start caring about money pretty quickly - even hundreds of dollars are big enough to stop risking for many people. It's better think about investments in terms of worst case EV - lets say you can afford to lose $1,000 - then you invest $2,000 but promise yourself to sell if the price will go down 2 times lower from the one you've bought in. This will be much more profitable than investing $1,000, because you will have more coins in the first case. The downside of first method is that it is more likely that Bitcoin will drop 2 times than that it will drop to near zero, but I think the difference is not too big, because the chances that it will continue growing are much higher.
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949miner
Sr. Member
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Activity: 448
Merit: 250
Stake & Vote or Become a IoTeX Delegate!
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September 10, 2017, 09:30:11 PM |
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Lol, this is just a description of me.. It just happens to me every Sunday, that is my free day and i am here in my home the whole day, so i am in the computer almost the entire day. And i check the charts at least 1 time per hour, i can not stop doing that, i think it is a TIC, just because i cant control it.. But during the week i just check the charts two times a day max, i dont use to see them usually.
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CryptoBeefy
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September 10, 2017, 09:34:42 PM |
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It's such a bad habit. The suggestion of just setting an alarm for certain prices is a really good one but if you're like me, curiosity just gets the better of me and I like to keep my eye on the markets.
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rayneh
Sr. Member
Offline
Activity: 308
Merit: 250
MatrixCoin - Creating Bright Future Together
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September 10, 2017, 09:42:24 PM |
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How often u doing that? I think it is normal and even good for u
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MostHigh
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September 10, 2017, 09:44:58 PM |
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Am pretty sure I have no idea wat u this post is about but if you are talking about saving for long term then o guess you could have sent a simple message.
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ActiveP
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September 11, 2017, 03:18:26 PM |
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I'm not a day trader - in it for the long term. How can I convince myself not to keep looking at the market charts multiple times per day?
You dont have to, if you dont want to. Since I enter to this cryptos world, Checking a market and price become habits. I dont force my self to do it, but because I want to. If you planting some plants, dont you wanna see its growing every day. Or if its withered, dont you wanna know whats happening and why thats happen?. you're a long term investor, I think maybe you dont want to check it everyday, because if you do it, you'll have feeling will lost money if the price dump ,isn't it? If that so, good luck to find a way to convince yourself. I have the same problem. It is the first thing I do in the am and most evenings. I am also trying desperately to curb it. Sound advice.
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MinMan
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September 12, 2017, 05:35:34 AM |
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I'm not a day trader - in it for the long term. How can I convince myself not to keep looking at the market charts multiple times per day?
I think to stop that very crazy habit all you have to do is to get yourself engaged in other fun activities as this would take off your mind from checking the stock chart and other stuff like that, it is a very bad habit so you better drop it.
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