life of a trader

[FoBoT]

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 

To make it easy for you and for it not to affect your daily activities, I think the best think for you to do is to forget about it during the day or just check for updates one in a while, it might be very hard to do that but it will help you concentrate with your other job. You can also set an alarm and when there is an update about your investment, you can attend to it then.

[1714007306]

1714007306

[1714007306]

1714007306

[1714007306]

1714007306

[1714007306]

1714007306

[1714007306]

1714007306

[1714007306]

1714007306

[delightme]

Every trader should know the right time to trade or working in cryptocurrency especially when you want to trade. Trade is a good hobbies and well profitable especially have a personalize strategy. You should know when you are making enough profit from your trading activities. if you are not making any profit I advise you should just quit.

[ThachSanhTp]

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 

An entire trader life is so boring & stressful. When the market dumps, we cry & the happy time (when the market pump) is so short.

I do not trade much now. Just keep 10%-20% of my all budget for trading. 80% is for holding
1. Holding: Be patient & wait until the market is down deeply enough => buy & hold.
For example: When bitcoin decreased below $6000, I started to buy. Keep some money in USDT to buy more when bitcoin continues to decrease to $5000 and $4000

2. Trading: It is quite important to trade on the exchange that offer low fee (For example: Binance)
Let's imagine your monthly trading volume is $100,000 (buy + sell)
- With Binance (0.05% trading fee): It costs you 0.05% * $100,000 = $50 total fee.
- With Bittrex (0.25% trading fee): It costs you 0.25% * $100,000 = $250. 5 times more than the above.

[Endorphinity]

At the moment, traders earn marginal trading. The market is falling, and this gives them a good income. Unfortunately, I do not know how to trade like that.

[pedagang2]

my advice is if you follow the crypto market then you must have the right prediction to buy and sell, if you are wrong about both of these things then you will lose.

[batareya]

Personally for me, day trading is very risky for me, especially for those who do not have enough knowledge.

[dasha_buka]

Many think that traders just sit at the computer, press the buttons and earn millions. Actually not so. Trader is usually very much at risk, nervous, make mistakes and constantly learn! In the market earn less than 10 proents of participants, the rest only lose money!

[dgross0818]

At the moment, traders earn marginal trading. The market is falling, and this gives them a good income. Unfortunately, I do not know how to trade like that.

You can learn marginal trading, but nobody, I guess, can learn to avoid stress while trading. Only calm people, who can control their emotions and understand the chances. I can say trading is something you should be born with!

[chadtn]

The life of a person who is engaged exclusively in trading is very boring. You can say the only thing that can dilute it is an unexpected dump or pump, which, fortunately, is quite a lot in the crypto-sphere)

[frekans07]

I work freelance and constantly trade. Yeah, well, I have to say that it's like addiction. addiction is inevitable when you meet with your money greed

[FLHippy]

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 

To make it easy for you and for it not to affect your daily activities, I think the best think for you to do is to forget about it during the day or just check for updates one in a while, it might be very hard to do that but it will help you concentrate with your other job. You can also set an alarm and when there is an update about your investment, you can attend to it then.

But you are talking about long-term traders. But probably he is asking about intraday trading. And for this trading you can´t forget about your trades or you can loose all of your funds.
So be careful and before you start with trading, learn and then try to trade on demo account only.

[naval1983]

Life of trader is simple because if he can manage to hold the coins as long as possible he can make some decent income.

[Impossiblehangman25]

Trading is not a stress full job you need to be patience when you are trading, take it easy that won't affect your daily livings.
You just need to watch the currencies goes up and down in time.

[Jana Wood]

Being a trader is starting to see the world quite differently. You can be a good economist, you can be an excellent designer, but to be a trader is to understand a bit more than others.

[cherry yu]

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 

well, its a matter of time management. im also new in trading and still learning at the moment. trading is really great specially when the token you trading is profitable. but, dont forget to put some time schedule or alarm when will you going to work in trading because trading sometimes addictive and you cannot notice your time that you spending too much time already. you may forget your normal life activity because from time to time you always checking the chart and monitored the price every seconds. trading is very risky one mistake and you gonna loss your money.

[mix max]

why do you have to stick with the cellphone every time, do you trade daily? if you do trade daily, you really have to keep a close watch on the prices of coins that are traded significantly, but if you only do ordinary trading, you don't have to see your cellphone all the time, because it will make you uncomfortable in carrying out daily activities, indeed, in trade it is necessary to monitor the prices of coins traded, but not necessarily every time.

[dobenklik]

I am not a trader but I am, trying to trade, I think this is a very difficult thing. I have failed and lost money from trading but I will not give up.

[P60]

I am not a trader but I am, trying to trade, I think this is a very difficult thing. I have failed and lost money from trading but I will not give up.

Life of a trader is somehow difficult especially today. Right now, the price is low, it continuously decreasing, you do not have idea if it will decrease or increase.

[anudixit0003]

IS the best strategy ever. It is not time consuming. Those precious hours that you should be spending on learning to become a more sophisticated investor.

[Groxnii]

This is a very relevant discussion, especially for crypto traders and potential traders. Just looking through the various opinions and suggestions, I still talked about the rich knowledge about how to conduct successful cryptoforge life.