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Author Topic: life of a trader  (Read 29352 times)
shiningstar
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January 14, 2018, 05:36:21 AM
 #181

please i need advice from those traders have has been in the business for long, how do you combine it with your other normal life activities , i mean cryptocurrency trading , i just started and am glued to my phone every second , advice will be appreciated  Grin Grin Grin Grin
You can always set up a stop loss after buying the coin so you are not afraid if the coin crash. Usually i add the coin to blockfolio and create an alarm so whenever the coin above or below x i get the notification. It's normal if you are new to look at the price all the time but after sometime you can leave it while doing something else.

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JMD07
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January 14, 2018, 05:50:55 AM
 #182

Try to forget about it during the day, especially if you have a day job. You would never be able to react quickly during the day and take meaningful actions. What I do is every night I try to watch the trends, read some news and adjust my portfolio for the next day, if necessary. Checking your phone every second just won't fly.
i am a student and is realy frustrating any time i drop my phone i think of gain or lost i might be making , but i cant stop cause is profitable
It's difficult to do multitasking while you are a beginner. You need to set focus in every field you have. If you want to be a trader then you need to focus on it at night while you have at school in daytime.
Don't be greedy few bucks is enough.
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January 14, 2018, 06:06:01 AM
 #183

please i need advice from those traders have has been in the business for long, how do you combine it with your other normal life activities , i mean cryptocurrency trading , i just started and am glued to my phone every second , advice will be appreciated  Grin Grin Grin Grin
To become a successful trader in crypto market,follow up is needed to get profits and to avoid huge loss.But it would be much difficult to do it in day time or 24 hours round the clock.So,it would be better to do it in night time.By this way,we have almost 10 hours to follow up our invested coin and make necessary changes.Its said that professional traders just do two or three trades a month and make huge profits when compared to newbies who just sit all the day 24*7 infront of the system.
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January 14, 2018, 08:53:39 AM
 #184

I'm doing this for part time and if you have a day job trading isn't really necessary, much better to hodl coins with better potential and participate in ICOs. In your off work trading is pretty much considerable.
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January 14, 2018, 09:00:38 AM
 #185

Well i guess it’s in the nature of this business. To get max out of crypto we should be be ready every second to trade immediately. If you want you can place sell and buy orders to have a little more time for your self.

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January 14, 2018, 09:08:22 AM
 #186

I'm doing this for part time and if you have a day job trading isn't really necessary, much better to hodl coins with better potential and participate in ICOs. In your off work trading is pretty much considerable.
Most traders today are those who work part-time, usually they have other jobs in the real world. Trader is a very mobile job so we can trade and make decisions whenever we want and wherever we are. But please be clear that the more we can have a lot of time in trading then the results will be much more increased. Many people are starting to leave their jobs in the real world and they begin to focus on trading every time. I admit that people who can focus on being a trader will usually make it easy to earn profits and also faster to become successful people.
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January 14, 2018, 09:12:02 AM
 #187

Since you know about cryptocurrency forget about healthy sleep(Joke). Don't need to watch every second on the chart. Read learn you should know about the point of entry and exit from the market.
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January 14, 2018, 09:18:48 AM
 #188

As a beginner i enjoy reading this thread so much. Just start buying my 1st crypto coin a month ago. Yes all the tips are helpfull. But as a begnner its really hard to ignore my coin especially realize the graph are moving 24/7. Ithink all begnner went thru this lol lol
Become trader is not easy at first because you need to be focus and be a quickly typing because of immediately moving in the market of price. You should be quick and later on you you can earn.


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LUCRE....DON'T HODL; TRADE!....
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January 14, 2018, 09:23:48 AM
 #189

hi, welcome to trader world !
you will get your heart beating fast in the first time joining or trying trading.
everything looks like easy but it's not.
as my experience, i got a trick and learning from my experience.
of course getting broke is a usual happen.
because we don't know which a right time to sell or still hold.
reading the forum discussion is really help.
experience will be your best teacher. keep trying then you will be good as the time running.
and don't it in your self in to stressing Cheesy

ProfitIsland
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January 14, 2018, 10:10:09 AM
 #190

I'm doing this for part time and if you have a day job trading isn't really necessary, much better to hodl coins with better potential and participate in ICOs. In your off work trading is pretty much considerable.
You are right. And very important part of trading is set goals by quantity of deals per day\week\etc.
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January 14, 2018, 10:17:38 AM
 #191

As a trader you must be strategic in your approach,as you have another job,research on how to trade and set order when you not available,grow in the trade,use an amount you can afford to lose,overtime you become a professional with consistency.
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January 14, 2018, 10:20:21 AM
 #192

Life of a trader: Don't trade without any plans because it's just like you travel in forest without any map or compass.
neerajmittal
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January 14, 2018, 10:25:14 AM
 #193

I am a student and is really frustrating any time i drop my phone i think of gain or lost i might be making , but i cant stop cause is profitable
Well this is normal, at first, in any activity you will need to spend a lot of time studying,you will earn then you will have a rest.
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January 14, 2018, 10:29:40 AM
 #194

please i need advice from those traders have has been in the business for long, how do you combine it with your other normal life activities , i mean cryptocurrency trading , i just started and am glued to my phone every second , advice will be appreciated  Grin Grin Grin Grin
You should not always glued to your smartphone, I think it's natural for you because I also used to like it, even though it is still doing that, you need a price prediction or price analysis so you do not have to keep monitoring the market all the time, which sometimes wastes your time and interferes with your work.

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January 14, 2018, 10:35:52 AM
 #195

The life of a Trader is a combination of hard work, analysis, quick thinking and resilience.  Remember, this is a job done in front of a screen, looking at data coming from different markets and exchanges, and making the right decisions.  All our Traders say that the key is to have a clear strategy, keep clam and stay focused, even when things start to happen around you.  All of our Traders have at some time lost money; the secret is to be able to pick yourself up, learn from it and go again.
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January 14, 2018, 10:48:35 AM
 #196

Try to forget about it during the day, especially if you have a day job. You would never be able to react quickly during the day and take meaningful actions. What I do is every night I try to watch the trends, read some news and adjust my portfolio for the next day, if necessary. Checking your phone every second just won't fly.

If only I could delete that portfolio app on my mobile  Undecided
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January 14, 2018, 10:57:50 AM
 #197

The work of a trader is very difficult, but damn interesting. Here you need to analyze a lot of information and at the same time make the right conclusions. You need to make a decision very quickly. And at the same time you can very well make both money and lose. But I like it.

fengzhenwu666
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January 14, 2018, 11:06:48 AM
 #198

At the beginning of the day, I was very busy, looking at my computer phone every day, looking at the price of coin, feeling very tired, and now I don't look at it every day.
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January 14, 2018, 11:08:45 AM
 #199

As long as your focus is on your normal activity and manage your time for your normal activity and cryptocurrency. As a multi tasker you can do everything even if its imposible but i'm sure you can do it and thats the life of true trader . You can do your normal life activities while you are in trading. Thats the of trader.

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January 14, 2018, 02:32:37 PM
 #200

After a coin is listed on exchanges, trading is very similar to "traditional" trading (stocks, precious metals, ...). There should be enough ressources out there explaining strategies.
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