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Author Topic: Don't let the holiday catch you - if you are a day trader.  (Read 406 times)
futile-resistance
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May 04, 2019, 10:32:29 AM
 #41

Why the cryptocurrency market always go down during the holidays? even the smaller ones like Easter?
I noticed many times in the past the crypto market normally goes down when people are on holidays from Christmas to Eid-mubarak.
Just noticed the market also relaxed during the smaller holidays like Easter, Diwali (a bit) and Maulud. but not on the valatine's day - lol!

Well, the market started recovering from the Easter holidays today and it appears the bitcoin is heading to another milestone, which is very nice.
What is your take on this matter? Feel free to share views with us here... thanks Smiley

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Peoples might be selling their coins off during festivals or holidays Grin Grin But seriously talking, bitcoins are now heading towards huge step and we can soon expect better price for bitcoins. I think after the mid 2017 bitcoins are now showing some growth and we can expect bitcoins to cross the number reached even in the mid 2017.

And considering for day trading, holidays are actually great way to make profits as most of the peoples are busy doing nothing on holidays and it is the time when we need to pop-up and show some talent.
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May 04, 2019, 08:50:14 PM
 #42

Let me tell you how serious traders can get. I have a friend who does day trading every single day, it doesn't matter which day it is he literally trades every single day 365 days a year no matter what. He was still trading on his phone during new year celebrations, we were all out we were all having fun getting drunk and partying which he was definitely doing as well, but he was also trading at the same time. His father in law got a little sick, not too serious but just a bit and he went to hospital for visiting and they were going to be there for a lot of hours so he took his laptop with him plugged it in and kept trading there with him. He couldn't see his family for months because they live a bit far from him so he gets to see them only couple times a year but when they came to his house he was still trading with his phone.

Trading is a serious business, every single second matters.
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May 05, 2019, 03:23:23 AM
 #43

Why the cryptocurrency market always go down during the holidays? even the smaller ones like Easter?

Is there any valid statistic shows that market always go down during holidays?
I did not really notice about it since I'm not day trader and I'm very rare to do trade during holidays or even weekends.

it's funny speculation, even though there are logical reasons such as people selling their assets for vacation, it should not have an effect on the market, because not all users do that and holidays do not occur throughout the world
I think it's only your suggestive, prices fall for other rational reasons dude
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May 05, 2019, 03:48:31 AM
 #44

I never noticed this situation happen during holiday season is there any valid reason why this happen? Well personally Im not a day trader anymore since the market are not stable the bitcoin price are always pump and dump tahts why I cannot see this happen during holiday season like what OP mention.

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May 05, 2019, 05:56:08 AM
 #45

Maybe the other trader cashout sone of their coins to convert into fiat to use holiday like vacation that's why the marker down during holiday. But not all effcts of holiday is bad because they have some scenario who increase the bitcoin even holidays. Not all people celebrating holidays they still have some people who stay home and work to bitcoin.




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May 05, 2019, 06:32:06 AM
 #46

Usually my friends think if in weekend, some people outside my country do holiday too that is why some coins have really low in market volume. And until now i follow it. And other thing that we believe in here is market will have a lot of volume in night of my country, so we are here do trade activity on night.

 
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May 05, 2019, 08:39:26 AM
 #47

Hmmm, interesting but looks like it's obvious that people during holidays will spend their time with family and friends which is they gonna do some selling of their bitcoin but I never noticed it since I just started last year in crypto, I would thank you for mentioning this I would take this in my note.
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May 05, 2019, 09:02:10 AM
 #48

I am not worried if the holiday comes because I can trade without using my computer. I installed TabTrader to watch the market and if the price can go up to the higher price or the sign can give good progress, then I will directly use the apps to place my order sell.
So far, I don't have any problem with the holiday because I can stay online everywhere and I can access the site on my mobile phone.
Even if the market is down at the holiday, I can anticipate buying in dip because I set the alarm if the price is reaching the lower or, the higher price so I can directly watch the apps and decide later.

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May 05, 2019, 10:38:39 AM
 #49

Why the cryptocurrency market always go down during the holidays? even the smaller ones like Easter?

Is there any valid statistic shows that market always go down during holidays?
I did not really notice about it since I'm not day trader and I'm very rare to do trade during holidays or even weekends.

it's funny speculation, even though there are logical reasons such as people selling their assets for vacation, it should not have an effect on the market, because not all users do that and holidays do not occur throughout the world
I think it's only your suggestive, prices fall for other rational reasons dude
Well, agree that not all users sell their properties during the holidays, only a few people do that because as you say, holidays are not always happening all over the world, many areas don't celebrate holidays but keep in mind that this market always has a crowd effect. The whales just need to create a small effect on the market, the market will also collapse, and the number of people who sell their property during the holidays is always whale, this is one reason to explain why during each holiday season, the crypto market value always has a downward trend.

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May 05, 2019, 11:57:54 AM
 #50

Hmmm, interesting but looks like it's obvious that people during holidays will spend their time with family and friends which is they gonna do some selling of their bitcoin but I never noticed it since I just started last year in crypto, I would thank you for mentioning this I would take this in my note.

It's just a speculation. It ain't consistent. To mention, OP didn't state if it was before, during or after the holidays. Just do your TA and trade according to your plan because if you'd take this aa an advice, you'd end up broke
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May 05, 2019, 01:00:45 PM
 #51

Hmmm, interesting but looks like it's obvious that people during holidays will spend their time with family and friends which is they gonna do some selling of their bitcoin but I never noticed it since I just started last year in crypto, I would thank you for mentioning this I would take this in my note.

It's just a speculation. It ain't consistent. To mention, OP didn't state if it was before, during or after the holidays. Just do your TA and trade according to your plan because if you'd take this aa an advice, you'd end up broke
True. In most of the ideas or signal can see in the technical analysis but not that you end up broke. In the other hand you have a choice to trade or not to trade in holiday upon your own analysis and maybe to have some time to rest. Trading will be always right there anytime you want to get in trade again.


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May 05, 2019, 01:34:10 PM
 #52

Well, if you nonstop trading then how would you enjoy your money? It's very normal to take a holiday and enjoy your life. No need to be greedy because we will always end in a graveyard. Therefore, let's take a break sometimes and enjoy the money you before we regret everything.

 
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jrrsparkles
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May 05, 2019, 01:42:06 PM
 #53

Well, if you nonstop trading then how would you enjoy your money? It's very normal to take a holiday and enjoy your life. No need to be greedy because we will always end in a graveyard. Therefore, let's take a break sometimes and enjoy the money you before we regret everything.
Is this what OP is talking about?

Try to read it again and comment it if you got what is this course of this thread.

@OP the price fall o the special holidays is just normal because people will cashout few of their bitcoins for spending so if you are a smart trader buy at the time of holidays.

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May 05, 2019, 02:14:19 PM
 #54

Holidays means rest days and even stock markets are closing their trading on that particular day. This also may be the reason why the price slightly falls down and comes back again after. To think that a holiday is just a one day problem only, i assume i cam handle that sometimes.

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May 06, 2019, 11:34:56 AM
 #55

Hmmm, interesting but looks like it's obvious that people during holidays will spend their time with family and friends which is they gonna do some selling of their bitcoin but I never noticed it since I just started last year in crypto, I would thank you for mentioning this I would take this in my note.
The concept of holidays is over for the people who are in crypto or in technology. Their mindset is that of a workaholic which means that despite the holidays, they prefer to work and read. It is important to stay active and updated with the latest in the area you are dealing with. A long term trader would enjoy the holidays without checking the price of his coins but a day trader might do so frequently.
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May 07, 2019, 05:38:44 AM
 #56

I never noticed this situation happen during holiday season is there any valid reason why this happen? Well personally Im not a day trader anymore since the market are not stable the bitcoin price are always pump and dump tahts why I cannot see this happen during holiday season like what OP mention.
I think it is just a myth and probably coincidence sometimes, but I don’t think it is a cycle, if it were, many people would have been exposed to the trick long time and take advantage of it to make more money.

Many people just assume that people will need money during holiday, and may want to cash out some of their investment to meet up with their holiday expenses, but I doubt if they case will always be like this, because any one putting money for investment will strictly know that the investment is for the future and will look for money elsewhere to meet up with their holiday expenses.
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May 07, 2019, 10:42:04 AM
 #57

Why the cryptocurrency market always go down during the holidays? even the smaller ones like Easter?
I noticed many times in the past the crypto market normally goes down when people are on holidays from Christmas to Eid-mubarak.
Just noticed the market also relaxed during the smaller holidays like Easter, Diwali (a bit) and Maulud. but not on the valatine's day - lol!

Well, the market started recovering from the Easter holidays today and it appears the bitcoin is heading to another milestone, which is very nice.
What is your take on this matter? Feel free to share views with us here... thanks Smiley

 
I think that is a normal thing. Everyone would  like to take a break during the holidays, it happens everywhere , so you should also expect the prices of stocks and assets to drop during times like this. After the holidays the price has started to go up again and I can see that it has already reached $5,700 and we are likely to reach $6000  before the end of this month, May. I usually read Cointelegraph's top 10 review and from what I have seen, based in their analysis, there’s likely to be a bull run.
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May 07, 2019, 01:55:54 PM
 #58

If you are a trader and have a problem in holiday season its better to keep it up to sell and to buy again once it gonna ends again for holiday days to avoid lossing money if you are confusing.
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May 07, 2019, 02:13:11 PM
 #59

Usually my friends think if in weekend, some people outside my country do holiday too that is why some coins have really low in market volume. And until now i follow it. And other thing that we believe in here is market will have a lot of volume in night of my country, so we are here do trade activity on night.

Real businessmen (and day traders are businessmen of course) do not take the days-off often as they know that each of these days can lead to a fail. They do not want to lose even a chance to earn.
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May 07, 2019, 05:34:13 PM
 #60

Almost always, during the holidays, the crypto trade slows down and loses in value...

This shouldn't be confusing if this is your observation. It is economic theory that can help you understand it.
If you have much people that are demanding for a particular commodity, the value of that commodity is likely to go up and so during the holiday periods, you have few people in the market trading. This is my little understanding of the economics.

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