And this is the type of trading majority of crypto people try,,, and fail eventually, sooner or later.
This is a simple fact of biology and psychology that traders do not understand when you do something that requires you to be glued to a single task the entire day, day after day, with brain just watching.
No one on this planet can sustain that activity at high efficiency for a long time. Mistakes become more common and impatience leads to more risks, etc.
If you are scalping manually, give it up, I would say.
This is a good point, humans are really good at finding imaginative solutions to their problems, however when it comes to monitoring we are really inefficient, and watching the markets and taking decisions based on the movements of the charts fall into this category.
So there are only three paths that we have available, to increase our monitoring ability, to create a bot to do this on our place or to decrease the importance of monitoring the markets constantly by trading a slower time frame, none of those options are easy but trading the makets in general have never been easy at all.
Yup,,, and it is not our fault, it is simply biology as I said. Chemicals and impulses and weariness all add up, we are not able to monitor efficiently, and with time it becomes worse and worse. So any activity that needs you to do it continuously for hours is always going to give worsening returns, not to mention repeating this daily for months!
Bots is the only way but that is always imperfect unless you are a pro at setting precise and welldefined paramaters
Bitcoin trading is not for everyone I guess I would say!
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