life of a trader

[max6575]

to work on extensive as far with decision on appealing use with release of drawing from market and developer. and collects on return to manage minimum limit of target with completion.

[DemonHunter83]

The life of a trader is work and very hard work. You need to have a large volume of knowledge and have steel nerves. I do not like to trade, it's not mine, I like investing more.

Trading is basically no different from investing. The truth is that there are less risks in trading, as the product is already in action and you can start not only from the words of the team.

[Galley]

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.

thanks for the advice i am a day worker and i haave no time to check my tokens only at night i feel somtimes i am missing some good opportunities which part of the day you think it is the best to trade?

I here at the forum have heard one good advice that you should never regret the possible loss of profits. It just can drive you crazy. Do not get hung up on this. Live a normal human life and rejoice in it. Earn to live, and not live to earn.

[Ravenangel]

You have to take into account that many successful traders have been doing this for years, first was with the stock market and now with the crypto market, so it is not something you can do as a hobby if you want to earn money seriously, many good traders I have known, at least the first few months have told me that they spent weeks without sleeping well, because the market is so volatile that you have to seize any opportunity.

[utlptc]

Well, I do spend a couple of hours at night for having some study or research whatever you call. If you are talking about buying an selling in time, I do have coinmarketapp in which I have set alarm for some price of each coin. When I get an alert, I instantly check and follow my previously set plan.

[Dandyhunter]

The life of a true trader in 2018 is full of stresses and depressions. I think that at a time when the market is going down every trader is feeling very bad.

[amitkumratra]

Traders life is very hard & stressful and i know this because i was doing trading from long times and watching market at every minute.
But now from long time, i left it and don't take much interest in it because it is very risky, full of panic and also wants lots of patience. And the reason behind this is markets volatile nature and my lack of knowledge about crypto currencies.
But now i am decide with trading again, but only will do crypto currency trading as a part-time job to earn some good income and i always remember that don't come in panic mood because it can take away all my funds from me.

[Donotam]

im a trader and a college student. i dont waste my time just for looking a chart everyday
i also socialize with people bcs a need it.

[LuaKT]

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 

life of a trader must have been very hard untill you learn how to do things properly so i think that such peopel deserve to hage a success

Bro, you are absolutely right. Nevertheless, I believe that the newbie should avoid aggressive trading these days as the market is not very much stable yet. Holding is a very good choice, for now, I am sure.

I'll rather trade than hodl in this present market condition. As a trader, once Technical Analysis and Fundamental Analysis are great, then you're good to go. For hodling, it's difficult now as you don't know the bottom for a coin yet, you could buy and then it tanks even further.

I do little of trading, and I can it's very addictive as I'm constantly starring at my phone to see when I should take profits or exit the market

I agree with you.

 If we can do great technical analysis holding is really bad for that market. actually i hold too many coins. but after that as you mentioned that i realised there is no dip for too many coins.

so now i am trying to learn ta and trying to do smart moves with my intel :=)

[missJone]

If you manage a small amount, then of course you can combine work with trade. But when you have several tens of thousands of dollars on your account, one error can lead to very large losses and in this case will have to choose either the main job or trading.

[Kanatanex]

trader's life easy. each trader lives happily. I wanted to be a trader but at me it is impossible to make it so far

[dommerty]

I waste just whole of my day for trading. When I traded on stock exchange, market was closed in saturday and sunday, but crypto market is open 24/7, so I analyse charts even during my sleep

[the1arty]

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 

The most important thing is, once you took a trade, then just let it go, as you made the decision based on the analysis. Put on alerts on your phone and try to have access to your trades during the day. Do not leave big positions if you know you will not have access to those trades, if it is not a medium/long-term trade with good risk-reward ration. You can balance the life-working balance by not trying to earn all the money, just make a business plan, what is your aim, how many trades you want to make roughly a day and stick to the plan. Once the plan is done for the day, take a good rest. Crypto is such a market, where you can be 24/7 non-stop, but does it worth it...

[chocopapaya]

Lol, you've got 72 pages worth of advice, if you haven't gotten better by now than you should probably look in to something else.

Let me at least throw in my two cents though.
I have a normal full time job and a decent middle class salary.
This means that I have money to invest but not a lot.
I decided to approach this on a monthly basis and set aside a small percentage of my income to invest every month.
This has brought me very reliable and steady gains in capital.

during full on bull runs, I spend most of my free time doing day trading.
When the market is pumping and trade volume is high, it is easy to make 10 to 15 micro trades a day.
These are quick buy then sells for small profits.
But added up, it becomes a substantial way to boost profit.

[Larochka]

The life of a trader is not so simple. Each trader sleeps very little, especially those who trade constantly, especially the main trades occur at night when you really want to sleep. And every morning we get up and first of all we look at the graphs =))

[repear7]

Yeah indeed as humans we cannot leave our real life. We must be able to balance our social life with our work, especially when we work as a trader. I myself experienced this. Usually I apply a focus attitude. Meaning that when I am interacting with other people in real terms, I will be free of thoughts about trading and not holding a cellphone or communication device that can access any trading. But when I'm working then I will maximize to think about my work without thinking about anything else so that I can work optimally. Yeah it's not easy because as a trader we definitely want to monitor market developments at any time. If that is what you feel then you can use between your social contacts by being honest with your social opponents.

[drrekkty]

I hardly combine trading with other activities. i constantly update charts, check out blockfolio and so on. Even when I am girlfriend, I can't stop about drastically changes of crypto price.
I am crypto addicted!

[Kanatanex]

Trader's life very interesting. Life of the cryptoforex trader even more interesting. I trade a little to me very much to be pleasant

[DianTama]

You need to learn to be a trader not a fanatic, that would not look at the phone every 2 minutes (I'm watching) and yet do not know how to stop doing it. Probably you need to read books on psychology for traders that would get rid of this habit.

[Sarisang]

in the early phase of play will be quite reasonable when always monitor market conditions. but I think this will be reduced by itself along with the passage of time. the longer the time might just have become accustomed to some time alone while opening the market. I've been able to get used to and actually just need to process only so that the curiosity in the market that the longer is getting lost and being not too often glued to the phone to open the market.