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Author Topic: life of a trader  (Read 29180 times)
Ayamj
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December 15, 2017, 02:32:17 PM
 #41

I think the best strategy when trading in altcoin is, buy and hold it for as long as you can. Just leave it in your wallet and only sell it at least one year later.
is not  easy for me as a beginner,  even in lecture  hall, I just hope I get use to dropping  my phone.. Lolzz
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December 15, 2017, 02:40:30 PM
 #42

Life of a trader is always nervous. If you are trading in crypto thats it.
But if you are traading stocks-forex then thats little more stress.

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December 15, 2017, 02:42:00 PM
Last edit: December 17, 2017, 11:16:57 AM by Carmen01
 #43

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
don't think too much buy btc now then sell it in high price.The chance for profit is big so do an investment now but prepare yourself also in the negative thing like bitcoin is no more in the future,i think also we need this in life so it's forever or non stop because of that,Moreover try to invest to experience what is the cycle of trading here then study more about bitcoin here in forum to earn more like how to join in some open campaigns or how to play gambling to earn btc.

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December 15, 2017, 02:53:47 PM
 #44

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'd second this. There are plenty of ups and downs that you can take advantage of in evenings or weekends, or even if you restrict yourself to a few hours per week. The thing with doing it full-time is that if you are just one person, it is impossible - you have to sleep at least! I now trade only occasionally, generally the odd evening here or there. Yes you may miss some good opportunities, but there are plenty out there.

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December 15, 2017, 03:07:22 PM
 #45

Life of a trader is always nervous. If you are trading in crypto thats it.
But if you are traading stocks-forex then thats little more stress.


may have some trader even they might have been getting so nervous but they make their self in a calm way how it may be possible cause this is what they deserve for and this is the best thing to do for they can have at least some right decision to go for.
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December 15, 2017, 03:28:53 PM
 #46

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 trader you need to be very patient and will have to be very strong to handle a loss . For a trader it can be very likely to get some losses in the beginning . So start with trading less amounts and learing from each experience . You will have to be very much indulged in the market and have to keep any eye on all the ups and downs . Before trading a coin , you will have to be veyr sure about it . Do your homework , study the coin !!  If you are just going to play with your luck  then that would be less trading and more gambling .            

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The_Dark_Knight
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January 07, 2018, 05:00:00 AM
 #47

Life of a trader is terrible if we speak about our nerves - even expierience cannot help us sometimes...
The life of a trader is a very stressful one that is why day trading is not something that a lot of people can do for a lot of time, not only it takes your time, it takes your health away since you cannot sleep if you made a bad trade or you may decide to also leave some important family meeting because the market was hot and you needed to make some trades.
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January 07, 2018, 05:05:37 AM
 #48

Life of a trader is terrible if we speak about our nerves - even expierience cannot help us sometimes...
The life of a trader is a very stressful one that is why day trading is not something that a lot of people can do for a lot of time, not only it takes your time, it takes your health away since you cannot sleep if you made a bad trade or you may decide to also leave some important family meeting because the market was hot and you needed to make some trades.
This things happen to those people invest money that they are not ready to lose, please bear in mind that investing is like gamble, you may earn or you may lose. I suggest that if you want  to have more time with your family while trading, then long term investment is the right one for you, it doesn not consume much time unlike in day trading.

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January 07, 2018, 05:07:26 AM
 #49

it's hard to become a trader especially when you're newbie just so good to do newbie traders to study first or do not get the big money out first when you start at a small amount and if you are somewhat wise enough war you tratrade many traders who are rich and all start their studies before they become a pro tratrade of altcoin
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January 07, 2018, 05:17:11 AM
 #50

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


I think it is normal that you have to check your accounts or price every now and then. It is necessary to keep tabs of every thing that could affect your position like news, fluctuations and everything. But you need to balance your activities because you need to have a social life too. THat is why it is important to do the necessary research before opening a position so you will be confident in your trades and can leave it for a while without panicking.


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January 07, 2018, 05:21:06 AM
 #51

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

I am not a trader for long and I can relate with your situation OP. It is just that I am always in a look out if the coin I bought already went up in price. Cryptocurrency is a major part of my daily life nowadays but I don't have any regrets in it. From the time I wake up, I check bitcoin price because it is vital to the prices of altcoins and all my social media accounts are full of crypto related news. I've been with crypto for almost two years now and since altcoin are having a great time nowadays, I just sold my coins when its twice the amount and then left the rest to grow. In that way, I don't check my phone or PC that much when all my funds are in the coins already.

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January 07, 2018, 05:28:15 AM
 #52

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
I do not have to spend a day in trading. I still have life beyond that. I only spend my time when trading and doing activities in the real world. I also install blockpolio app to track my portofolio. It's a good thing if something happen with the price then take quick steps.

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January 07, 2018, 05:43:53 AM
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raders are further defined by the time frame in which they open and close positions (the holding period), and the method by which they find trading opportunities and send orders to the market. Discretionary traders are decision-based traders who scan the markets and place manual orders in response to information that is available at that time. System traders, on the other hand, use some level of automation to implement an objective set of rules, allowing a computer to both scan for trading opportunities and handle all order entry activity. The chart below lists the different trading styles with the corresponding time frame and method for each.

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January 07, 2018, 05:47:27 AM
 #54

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

Im not a successful trader yet but my advise to you is always search and review the coin before trading them. if you have an open trade make sure that you are on a very best entry. monitoring your trade is necessary. and dont sleep with an open trade

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January 07, 2018, 05:48:52 AM
 #55

There are so many coins here in crypto world so better todo in trading are hold always for long term,if you don't have experience then better for you to start in all already trusted coins like btc,eth,xem,xrp,doge,xrb and ltc in this coins you need only to wait for profit then don't be nervous because if your attitude is like that and over thingking you will lose by that.Invest only a little like 0.005 btc in every coins that i post so even some coins are not going well in the future but still i'm sure a lot of that can.

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January 07, 2018, 05:50:49 AM
 #56

I think the best strategy when trading in altcoin is, buy and hold it for as long as you can. Just leave it in your wallet and only sell it at least one year later.

To make the best use of the markets, if you are a trader than buy and sell the same day if possible unless you know market is going to move due to some news or seeing the charts Because from last couple of days if you see as the btc prices have started to move up altcoins have being bleeding and thus holing this coin means you end up losing an opportunity to buy back at lesser price. For btc trading you  can do the same.

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January 07, 2018, 05:54:33 AM
 #57

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 have to manage your time depend on your job.
for me, i always open coinmarketcap as soon as i wake up , about 5AM,
If the price is going down, i tend to buy to invest.
you don't have to check the price all the time, just wait.
make a group chat with your friends about cryptocurrency, so you guys can share any info about it.
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January 07, 2018, 05:55:03 AM
 #58

the life of a trader is similar to a gambler. they will always think to bet, and take advantage of the decisions they make. so, make beginners should not play trading first. too big a risk.

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January 07, 2018, 06:07:39 AM
 #59

A life of a trader is difficult, you need to learn, study a lot of new things and spend a lot of time. But its normal for those who just want to start on how to trade.

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January 07, 2018, 06:48:16 AM
 #60

being a trader is a choice for everyone but we need to know more about trading so we can work as a trader and earn money from doing a trade. and if we want to learn about trading, we need to spend a time to learn many things especially learn about how to make a good analyze and how to determine the price. but if we have skills in trading, then we don't have to spend much time to analyze and determine the price because we can easily to place an order buy or sell. there are many things that we should learn about trading if we want to use trading as our work.


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