Tellek Garing (OP)
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November 19, 2021, 08:03:40 PM |
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Lately trading have become a such of livelihood for some traders as some have turned to cryptocurrency trading to meet they daily needs and pay their bills, but have been wondering which is more profitable and less stressful since trading is base on quality decision. Should one trade passively or just trade once in a while for both emotional and physical well being.
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JeromeTash
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Heisenberg
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November 19, 2021, 09:04:23 PM |
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I think it all comes to one's strategy. There are people who prefer and make lots of money through scalp trading (which means one has to been on computer almost very day) while other take time and trade when opportunity comes up or when the market is trending.
Personally, I am not got with scalp trading. I prefer taking my time and trading only when necessary. I can make only 3-4 trades a month. Also, trading while expecting the profits to pay your bills ASAP is very dangerous and can lead the emotions to get the better of you.
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blockman
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November 19, 2021, 09:21:27 PM |
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Lately trading have become a such of livelihood for some traders as some have turned to cryptocurrency trading to meet they daily needs and pay their bills, but have been wondering which is more profitable and less stressful since trading is base on quality decision. Should one trade passively or just trade once in a while for both emotional and physical well being.
Trade when you think you're good at by that time. No matter what type of trade you want to commit, seasonal or passive or active, you should be happy when you do the trade so that there's no mistake that you'll do or you won't regret it upon doing so. I'm a seasonal trader and I do trades when I think it's the dip and when I can capitalize that very moment for me to make the best trades that I can see in the market.
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Hamphser
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November 19, 2021, 09:29:51 PM |
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Lately trading have become a such of livelihood for some traders as some have turned to cryptocurrency trading to meet they daily needs and pay their bills, but have been wondering which is more profitable and less stressful since trading is base on quality decision. Should one trade passively or just trade once in a while for both emotional and physical well being.
Depends on a certain individual because not all would really be that having the same reactions or being comfortable on various situations which means that each person would be having their own preference when it comes to this. As long you do make profits then it doesnt matter if it do came from short/active trades or simply into those swings/seasonal then you would really able to find out on where you do fits most. How? It would really be involving lots of trial and errors.
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tulusikhlas
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November 19, 2021, 09:42:13 PM |
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When the correction occurs now, it may be time to take a bonus that is quite large in incentive in the future. Meanwhile, passive income in the short term is not very profitable. What we need to do now is stockpile more and wait for the market to rally again. Despite investors' concern is the depth of this correction is still continuing.
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adaseb
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November 20, 2021, 04:11:52 AM |
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Basically the way the markets are now, whether it’s stock market or crypto. Are not typically normal. Most of the time the markets trend upwards very slowly or they trade sideways. There is money to be made but it’s very tough.
What happened since 2020 is that due to inflation and people stuck at home trading, it added tons of capital to all assets. So anyone could make money. It won’t always be like this keep in mind.
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mk4
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November 20, 2021, 05:21:03 AM |
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It's just like asking if it's better to build your own business, or be an employee. The former(active trading/business) would most definitely give more potential profit, but with more risk. While the latter(passive trading/employee) gives less income, but with far less likeliness of losses unless you mess it up.
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Strongkored
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November 20, 2021, 05:35:32 AM |
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I think it is based on the preferences and abilities of the trader because there are many traders whose trading activity is not as a main job so they are very likely to only spend a little time, I myself prefer long-term trading because it is more profitable. But if there are traders who trade because want to pay the bill the pressure will be even greater which can actually make you lose, as well as traders who expect trading income for living expenses it seems they already have their own reserve funds for it, because our trades don't always go well there are sometimes traders can experience stress which can greatly affect decisions and results.
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Fatunad
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November 20, 2021, 06:32:44 AM |
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I think it is based on the preferences and abilities of the trader because there are many traders whose trading activity is not as a main job so they are very likely to only spend a little time, I myself prefer long-term trading because it is more profitable. But if there are traders who trade because want to pay the bill the pressure will be even greater which can actually make you lose, as well as traders who expect trading income for living expenses it seems they already have their own reserve funds for it, because our trades don't always go well there are sometimes traders can experience stress which can greatly affect decisions and results.
And we wont really be able to find out if we dont tend to try or seek it out thats why real experience does count and choose whether passive or seasonal then its your choice because it will depending or varying on your trading or investing capabilities and you are the only ones who would able to find it out whether you are good on one or on other.Just like on what others been saying that you would able to find out for yourself and you are the ones whom do decide on which one because you are the ones will be benefiting it out or would make out profits basing on what you are doing. Could neither be passive or seasonal its your choice!
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Charles-Tim
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November 20, 2021, 06:42:30 AM |
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Should one trade passively or just trade once in a while for both emotional and physical well being.
I think you meant 'should someone trade actively or just once in a while or to just hold and prefer passive income'. It depends, if someone is not able to devote much time into trading, the person should not go for trading because trading requires much more time. If the person is not a patient person, he should not go for trading. He has to learn how to analyze the market and how to manage risk. He should use the money that will not affect his life (very low amount of money) to start and using very the low amount for up to a year or two. This is what many new traders do not do, emotion will set and they will lose all their money, this is why trading is very risky and the reason some people should not just start to trade if they are not patient.
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Mpamaegbu
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November 20, 2021, 08:14:35 AM |
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Should one trade passively or just trade once in a while for both emotional and physical well being.
Let me start with the last question – that decision to go passive or active will solely depend on your temperament and target. We all have our different perspectives on things. but have been wondering which is more profitable and less stressful since trading is base on quality decision.
If something were more profitable you wouldn't expect it to also be less stressful and vice versa. If you've the set skills for trading and the ample time to do it, it's better to go active. But if you're still confused around trading and haven't been profitable at it but desire to make money from trading, go passive. And while being passive at it, make out time to learn set skills for trading. Nothing beats real trading. There are various easy ways this day to do passive trading. The favourite for me is staking. You can stake some tokens to earn the same tokens or different tokens. A lot of sites now make staking easy. Depending on the amount staked, some provide decent dividends daily.
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BitcoinAccepted
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November 20, 2021, 08:59:55 AM |
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We shouldn't rely on trading since it's ups and downs and usually we are not always earning I think passive income or holding a good coin for a while is much better than trading daily this is just my personal opinion since I'm really bad at trading I think I should attend class about trading to improve my trading skills but I find holding coin or passive income through staking much profitable than others.
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Tellek Garing (OP)
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November 20, 2021, 09:13:39 AM |
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We shouldn't rely on trading since it's ups and downs and usually we are not always earning I think passive income or holding a good coin for a while is much better than trading daily this is just my personal opinion since I'm really bad at trading I think I should attend class about trading to improve my trading skills but I find holding coin or passive income through staking much profitable than others.
But I have seen quite a goof number of passive traders who 100% rely on it, but again the individual will have to really check if he/she can depends on trading and ready to face whatever emotional pressure that may result from that. What am really concern about is the emotional set back that may result from the volatile of the cryptocurrency market.
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ipanks
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November 20, 2021, 09:31:01 AM |
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Trading can be a new source of income but with terms and conditions because we need to learn about trading to have a way to make a profit. That is why not many people can do that, as only some people are willing to learn more about trading. If they have skills in trading, they can make money daily from searching the profitable coin from trading. A good trader will know when he trades and when he needs to calm down and not force himself to enter the market.
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palle11
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November 20, 2021, 10:54:59 AM |
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Trading passively or seasonal depends on your trading strategy. Some people don't trade seasonal because they want to but they find themselves trading that way because of the strategy they are having. Like in forex trade, I have read traders that only trade on the first Friday of every month when the American unemployment rate is released and also Non-Farm Employment Change. They trade this and wait for another month. Also with cryptocurrency, it is not advisable to always be in the market because you will take unnecessary orders because of pressure of profiting.
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danherbias07
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November 20, 2021, 11:16:22 AM |
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Depends on the situation. Just like you said, some traders made this their livelihood, so if you choose seasonal then chances of not being able to take profit short term for bills payment, budget for necessities is low. Some will do it daily while taking the risk for a month to save the right amount and afford all of those. But I am telling you right now, it's not easy. It requires deep knowledge and a deep capital before you can make it all happen. It's not always a win-win situation for there will be down times and you will have to be ready for that.
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Wind_FURY
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November 20, 2021, 11:38:03 AM |
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Lately trading have become a such of livelihood for some traders as some have turned to cryptocurrency trading to meet they daily needs and pay their bills, but have been wondering which is more profitable and less stressful since trading is base on quality decision. Should one trade passively or just trade once in a while for both emotional and physical well being.
“Trading to meet daily needs and pay their bills” is not very sustainable for plebs like us who are under-capitalized, and neither have the talent nor the skill to be truly profitable in “trading”. This advice might not be what you want, but getting a job, and saving some of your salary in Bitcoin by buying dips is the safest, and less stressful.
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suzanne5223
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November 20, 2021, 11:46:09 AM |
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Should one trade passively or just trade once in a while for both emotional and physical well being.
I think you meant 'should someone trade actively or just once in a while or to just hold and prefer passive income'. It depends, if someone is not able to devote much time into trading, the person should not go for trading because trading requires much more time. If the person is not a patient person, he should not go for trading. He has to learn how to analyze the market and how to manage risk. He should use the money that will not affect his life (very low amount of money) to start and using very the low amount for up to a year or two. This is what many new traders do not do, emotion will set and they will lose all their money, this is why trading is very risky and the reason some people should not just start to trade if they are not patient. You make an important statement which I believe will help cryptocurrency traders but we're all a human and even yourself that make the statement will go against your profitable advice at some point because we humans are bonded to emotional feelings and the best thing is to skip trading sometime. It's just saying all work and no play makes Jack a dull boy.
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pawanjain
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November 20, 2021, 02:07:09 PM |
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I am not a fan of day trading since I cannot keep monitoring the prices. I do take the updates every once in a while though. I personally like swing trading where I just trade once and then keep waiting until the trend reverses. This I get maximum profits with less risk and no active monitoring of prices.
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palle11
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November 20, 2021, 02:36:53 PM |
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I am not a fan of day trading since I cannot keep monitoring the prices. I do take the updates every once in a while though. I personally like swing trading where I just trade once and then keep waiting until the trend reverses. This I get maximum profits with less risk and no active monitoring of prices.
Yes swing traders are longer time traders that are particular about the trend and few pairs too. This type of trading is stress free and can allow a trader more time for other activities and engagement. But sometimes a good day trader gets more profit in accumulation than the swinger but the swinger has more opportunity of hitting take profit because it reduces risk by decreasing stop loss possibility through the lot size. It just depends on the trading pattern either passive or seasonal.
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