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Author Topic: Don't let the holiday catch you - if you are a day trader.  (Read 406 times)
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May 07, 2019, 10:29:16 PM
 #61

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.
I don't think this is really true but based on the chart,there might be really price changes when holidays come.With this,always look for the right timing to trade so that you will not be caught with its price sideways.Because it's really hard to make profits if the market condition suddenly falls down that's why day trading always have more risks than long term trading.

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May 07, 2019, 11:58:32 PM
 #62

There is a very good way that you can build your positions without being trapped by the vacancies, and is to study very well what you plan to do and then build from placing your Stop Loss and Take Profit well located, since it is essential that if you feel that you are going to miss a movement is a very noble way of being inside the market and you see it enjoying your daily activities or work.

In the cryptocurrencies the market is 24 hours without rest, it is not healthy that you are 24 hours attached to the PC, but it is a very good way to not miss the movements.

You also have to be very emphatic, when an important movement occurs, most operators obey their movements many times to the different emotions they feel at the moment, that's why you have to have criteria to make the right decisions, the Strong Hands, Market Makers, always plan their movements without taking into account news, or anything like it, because they have their plans already fully done, unless there is a possible event that marks the world's attention.

I think that is the ideal way to protect yourself, however, it does not hurt to be informed, although I have learned that market movements are not produced by the news, unless it is a Fundamental.

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May 08, 2019, 12:48:01 AM
 #63

I'm not primarily a day trader as I have found I'm overall a better swing trader than a day trader, but I receive price movement alerts from apps so I can hop on an exchange like Bitmex quickly to quickly alter a position or open a new one. Ideally you'd be online at your desk making trades, but sometimes you've got to make do with a phone too. You can always just close out your trades before sleeping or before you plan on travelling, etc so you don't get liquidated or stopped out while you don't have access to your PC.

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May 08, 2019, 09:04:13 AM
 #64

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.
Since a cryptocurrency is an all time 24/7 thing, I believe that you can deal with it anytime even if you have holidays provided you are passionate about it and you know things that could enable you make money in trading. My favorite way of making money is by speculating in a good coin and I think that if you really want to enjoy and stay away from crypto in holidays, speculate.
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May 09, 2019, 10:21:50 AM
 #65

Yeah most of the time the price usually will go down during holiday or weekend, there is not many transactions volume happening in holiday compare to usual day, you can take advantage from this situation to buy more, as long as its fluctuative you can make profit even if the price is falling down
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