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Author Topic: life of a trader  (Read 29336 times)
A Feeder
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January 16, 2018, 05:25:42 AM
 #221

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
Trading is very cosuming in time especially when you are a day trader. In my case, I want to only trade when an ICO is finished so that it is not that hard and the profit will be a one give. If you want to really combine trading with normal life activities, then do not do day trading.
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January 16, 2018, 05:39:52 AM
 #222

it's just as simple as learning how to manage your time wisely, don't check it every minute or two. don't get paranoid over the value of your coins or money. If you're a full time trader and don't work, you can focus. But if you have a job, then try to balance your job with trading  Grin Grin

another solution is to do a long-term trading. you should choose coins that have a good potential to go up (because of a hard fork, update, etc), and then place your order price and then you can work on your main job. of course, this is not a perfect solution




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January 16, 2018, 05:42:49 AM
 #223

Well it is hard for me being a trader and also a student because whenever i choose short time invest i always late for the pump and get only the dump so i do long term ones so i can just leave it and get profits
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January 16, 2018, 05:43:41 AM
 #224

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 use coinmarket app, tabtrader on your phone. Set up an account for whatever exchange you use. Make sure you have notification set for your desired price so you don't have to check your phone every second. I prefer long term trading over short term as its more profitable and headache free plus you're supporting whatever token you invest in. Stay far away from pnd.
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January 16, 2018, 05:48:13 AM
 #225

 Smiley Forget about your personal life, you just married on cryptocurrencies!)
Make 1 free day and don`t connect your phone to the Internet. No news, no graphics, no chats. NO WORK! it`s your day! and don`t regret about profit.Smiley
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January 16, 2018, 05:55:52 AM
 #226

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 need to identify what strategy fits your time. If you have more time and you don't have a work you can do day trade but remember that day trading is very risky. If you have work you can do swing trading where you have to wait for a couple of days for the coin to buy or sell. In monitoring their price you can use android apps and you can alarm it if the price is pumped up or being dumped.
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January 16, 2018, 09:40:12 PM
 #227

Giving advice like - try not to think about coins all the time – is silly, especially if you are invested in a rather large sum. I personally make a kind of plan or schedule of the day, where I have certain time only to coins and nothing else. The main time takes reading news and changes on the forum, so try to have at least 1 or 2 hours in the morning and evening..

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January 16, 2018, 10:30:05 PM
 #228

I think all traders have a weekend these days. Well, or at least work less than earlier.

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January 21, 2018, 12:23:30 AM
 #229

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
Put your heart on it but dont be too emotional about it. Growth of an altcoin is uncertain and you must know that from the start. You must sacrifice your time to trade. Trading is a time consuming proccess. At all cost you must profit is the mind of every newbies thats not wrong but you must understand it is unavoidable its part of trading if you lose even hundreds of it.
The control of the emotions is critical for a trader, the trader that can master his emotions will have a huge advantage over the one that has not, this advantage is so great that even if a trader had a greater level of skill I will always go with the trader that has his emotions under control since he will be able to avoid panic selling and panic buying.
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January 21, 2018, 12:45:33 AM
 #230

Trading isn't for everyone , some people are just better of hodling. It takes way less time after you have researched the coin that you like you can sit back and relax. But i understand the attraction to trading it is just to time consuming for me.
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January 21, 2018, 02:27:45 AM
 #231

maybe you now need a trade consultant if you invest a lot in crypto because trading in crypto takes a lot of time and focus

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January 21, 2018, 02:45:07 AM
 #232

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


If you keep on checking price like that then you are not doing it right. I just check it a few times and then research for any upcoming progress on my coins and then investing other promising coins or maybe an ICO.

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January 21, 2018, 03:07:16 AM
 #233

i want to try getting involve in trading and i just felt not worried at all if you can buy and sell alts at the same time.. you can see  we can trade some of alts according to their price and i think being a trader play a great role especially if you focus in few altcoin because you can deceive if you want to play cleaver than some other traders  Smiley

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January 21, 2018, 11:45:51 AM
 #234

Trading get take away lot of your time and I agree with that. The best is to set the alerts and get notified rather than watching the screen every now and then.
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February 02, 2018, 10:14:55 AM
 #235

You need to be calm and do you own job patiently when you aren on work. You can read some information about it and do the trading in the spare time. Or this will influence you job grately.

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February 02, 2018, 10:22:13 AM
 #236

Yes i'm almost act like you. i think its normal at the beginning. We have to be patient with the price fluctuations. but most of times i check my portfolio via mobile and getting stressed. This is not a good practices and i believe it will settle when after get more experience.     
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February 02, 2018, 05:04:17 PM
 #237

I'm just at the beginning of the journey , in this beautiful world, but I already face the problem of lack of time, every free minute takes a cryptocurrency
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February 02, 2018, 08:20:13 PM
 #238

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
Choose the trade that fits you. A swing trading where you wait for a day or a week before buying and selling or position trading where you wit for a long time depends on the amount of profit that you would like to take. Alarm apps for crypto is also very helpful so you don't need to check your phone from time to time.
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February 02, 2018, 08:44:31 PM
 #239

Starting trading  especially in the beginning stage can be overwhelming. It is important to read in order to understand. Try and manage your time properly.

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February 04, 2018, 01:08:49 PM
 #240

Life of a trader is a very strange one: if in the past you were forced to stop, because of limited daily program of the stock markets, now you can trade non stop. This is fantastic, but if you don't put some limits, you will live in a surreal world made by charts, japanese candles, floating prices and so on, and all what you obtain is a nervous breakdown.
Out of this, it's a fantastic life! :-)

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