How much do you love to sleep?

[JunaidAzizi]

What? Sacrifice sleep for trading? What are you doing then during the daytime? He may be working during the day and trading at night, that's why he said to sacrifice sleep for trading. If you want to start with him, then you can sleep during the day. However, the most suitable time is to trade during the day, as many traders do, and at night, take a good sleep, which is very necessary for your mental wellness. There are some more risks in trading, such as chasing money, which I think is very dangerous at the beginning. So work on it, mate, rather than on something else.

[letteredhub]

As a beginner in Bitcoin, you are in that stage of decision making on which path to tow, a bitcoin investor or trader. Some beginners who admire bitcoin investment are mostly known to be the patient guys, the long term believers. Another section of beginners don't have such patience, they prefer in taking risks and they are good risk takers mostly.

So you are you implying that there's no risk with the investment aspect of bitcoin but trading. I think this where some persons gets it off when bitcoin investment is discussed. There's no investment without a risk involved, it's just in different risk levels. Bitcoin investment risk low compared to trading which risk is high but it doesn't mean people don't still lose funds with investment side of bitcoin.  There are traders making profit more than some bitcoin investors, but still I wouldn't recommend trading over investment because with long term hodling volatility can be used for ones own profitability base on investment target.

[AakZaki]

To be a good trader, you have to get rid of too much sleep to be a night trader because many traders seem to do better as night traders than day traders. If you love to sleep, you may also consider going into bitcoin investment except you want to settle for day trading.

So I suspect you are not a real Nigerian, the problem according to your conversation with your friend is about night trading, it is generally done by Asians including myself who is from Indonesia.

I wouldn't claim that night trading can make it more successful, but night trading for Asians is usually a more volatile market. Because of the difference in time zones, while in Asia it is nighttime, in countries like the US and Europe it is still daytime, the time when people are usually working.

Even the big news that affects the global economy occurs from morning to noon in the country, which means that it shows the opposite time in the Asian country, which is night.

[WatChe]

What? Sacrifice sleep for trading? What are you doing then during the daytime? He may be working during the day and trading at night, that's why he said to sacrifice sleep for trading. If you want to start with him, then you can sleep during the day. However, the most suitable time is to trade during the day, as many traders do, and at night, take a good sleep, which is very necessary for your mental wellness. There are some more risks in trading, such as chasing money, which I think is very dangerous at the beginning. So work on it, mate, rather than on something else.

If you are compromising on your sleep then soon your health will deteriorate and no matter how much money you have in your pocket, if you are not healthy then its useless. There is famous saying about health "You can have 1000 problems in your life until you have a health problem. Then you only have one". Its easier to maintain good health but if you develop some kind of chronic disease then it will be very difficult to undo that damage. If you are a trader then make sure you have at least 7 to 8 hours of night that are reserved for sleep.   

[Alphakilo]

What? Sacrifice sleep for trading? What are you doing then during the daytime? He may be working during the day and trading at night, that's why he said to sacrifice sleep for trading. If you want to start with him, then you can sleep during the day. However, the most suitable time is to trade during the day, as many traders do, and at night, take a good sleep, which is very necessary for your mental wellness. There are some more risks in trading, such as chasing money, which I think is very dangerous at the beginning. So work on it, mate, rather than on something else.

With an ample amount of sleep during the day, probably after other work task has been accomplished, trading at night can be accomplished because I don't think trading in the night should span the whole night until sunrise. Maybe a few hours could do like 4 to 5 or less hours can be spent on trading and it must be done with maximum concentration such that there's no distraction from social media or family members or anything else.
What matters to me is quality of time spent rather than quantity in the case of doing long hours thinking that it is a prerequisite for being successful at trading at night.

[Donk1]

Well I believe a person doesn't need pills to stay awake as a trader. The only time you will need stuff like that is when you are both a trader and a daily worker, which would certainly be a drag because you need capital to enter the market. Still most folk who have spent time in the market unfortunately you get used to not sleeping. That's just how it is it's all about sacrifice. That said in trading, we have what is called Trading Sessions. It's more like the time at which each market for that particular country opens, and they are four in total which are the Sydney Session, Tokyo Session, London Session and New York Session. You can decide to trade at any point in time depending on the market conditions. It's not a fixed fact that you must stay up all night as a trader. Most times when the market is consolidating, you will have to ignore the market at that point in time or maybe wait for it to stop and then analyse the market and find your entry.either way, there are times you trade the market and times you stay away. That's all......

[Pandorak]

As a beginner in Bitcoin, you are in that stage of decision making on which path to tow, a bitcoin investor or trader. Some beginners who admire bitcoin investment are mostly known to be the patient guys, the long term believers. Another section of beginners don't have such patience, they prefer in taking risks and they are good risk takers mostly.

Recently, I was conversing with a friend who I've known to be a good trader and I admire him so much and wished I could do it , perhaps! When I told him how much I wished to learn trading he asked me this question, "How much do you love to sleep?" This was the point I knew I may never make it because I value my night sleep.

To be a good trader, you have to get rid of too much sleep to be a night trader because many traders seem to do better as night traders than day traders. If you love to sleep, you may also consider going into bitcoin investment except you want to settle for day trading.

Night trading is not for everyone, you must be fit and ready to combat sleep which may expose you to taking pills, drugs or other harmful substances to stay awake. Don't just choose your bitcoin goal (Trader/investor) based on profit alone, also consider it's effect on your whole body and psychology and screen time.

Images from Google.

To be honest, my first reaction after reading this story was confusion.

The truth is, the trading session doesn’t affect your trading results, whether you trade during the day or at night, you can still make a profit, it all depends on how thoroughly you analyze and understand market movements. If it ends up affecting your sleep, that’s not right. Unless you close a position at a loss, then that might keep you up all night, LOL.

However, you should be aware that at night or during the U.S. (New York) trading session, market movements are extremely volatile. Price swings can be very rapid and significant. This is the best time for traders who want to make big money fast. But you also have to consider the risk, because it’s definitely higher.

[Findingnemo]

To be a good trader, you have to get rid of too much sleep to be a night trader because many traders seem to do better as night traders than day traders. If you love to sleep, you may also consider going into bitcoin investment except you want to settle for day trading.

Night trader? And get rid of sleep because night trading is better than day trading. Newer terms every day for me to learn.

Did you ask is he a crypto trader or stock? Because stock exchanges have time zone and some of them do trade stocks of other countries and it changes based on which timezone you are in.

But crypto market is working 24/7 and all year, so if you are doing trade at night then it is morning somewhere, and none for someone else.

[Odogwu-Blockchain]

How much will you like to sleep? Is a parable or a direct statement your friend means, you should've asked him that question let him explain it for you.

If it's a direct statement, then that's a harmful step your friend is taking, very dangerous approach to trading which might leads him to having insomnia. What happens to trading during the day and rest in the night?

Your friend is a beginner who thinks trading needs to avoid sleep before making profit, that's a wrong view of it.

[uneng]

To be a good trader, you have to get rid of too much sleep to be a night trader because many traders seem to do better as night traders than day traders. If you love to sleep, you may also consider going into bitcoin investment except you want to settle for day trading.

This is a myth. Trading at night doesn't mean you are going to have better chances of succeeding. It sounds an excuse from people who want to convince others that trading can be profitable and if it's not being, it's because they aren't doing this the right way.

By trading at night, you aren't going to lose only sleep, but also your money in vain.

[welovebit]

To be a good trader, you have to get rid of too much sleep to be a night trader because many traders seem to do better as night traders than day traders. If you love to sleep, you may also consider going into bitcoin investment except you want to settle for day trading.

This is a myth. Trading at night doesn't mean you are going to have better chances of succeeding. It sounds an excuse from people who want to convince others that trading can be profitable and if it's not being, it's because they aren't doing this the right way.

By trading at night, you aren't going to lose only sleep, but also your money in vain.

Trading is always mystery for many because its needs enough workout for having success and its also needs good strategy and knowledge about your prospect otherwise sleeping or not sleeping has never been going to help its always hurt your and also increase your problems for future.
Peoples those are always understand fundamentals and have enough sources they do trading through their timetable and never sacrifice with their sleep because they understand consequences of having not sleep on time its always give enough stress which is never been good for health do your work on time and then set your goals for coming day instead of staying in front of monitor and never give time yourself for having good rest on time.

[Stepstowealth]

To be a good trader, you have to get rid of too much sleep to be a night trader because many traders seem to do better as night traders than day traders. If you love to sleep, you may also consider going into bitcoin investment except you want to settle for day trading.

Who said most traders do better at night? I think it is a lie to think that you have to sleep less at night to be able to be a good trader. When I first read about losing your night sleep I reasoned that you wanted to say for the purpose of studying resources to make you better, not because you want to make trades.
At some level you're trading, To avoid a foggy decision making, you have to prioritize sleep a lot because that is the only way to mentally relax yourself and get your brain to function properly to see patterns that you expect to see to make proper analysis. Traders who do not sleep enough will not experienced enough success in the long run as those who prioritize sleep.

[GbitG]

I came from the Meta section because I was interested in the reason for the question about moving this topic. OP, why did you decide that trading is necessary at night? I'm not a trader, but I'm wondering if all traders gather at a certain time. I don't want to offend anyone right now because I don't understand the topic..How will time zones and time differences affect you, OP? Where you think it's night, others may have day. What do you think about traders living in other time zones?🤔

I am not a trader too but I know of a friend that trades. I didn't also say that trading is only done in the night, but a friend's question got me curious as to whether it's always best to only trade at nights as I was beginning to admire some success stories he tells. I also know that there are days traders. I can learn trading but staying up at nights is a challenge if I'm to trade at nights.

Lol,  how funny is that....!!!
Maybe be his friend give him some educational advice that trading can breech up your sleep and look  he took it as “night trading is good for becoming profitable” Honestly, I didn't understand his myth....You are from Nigeria and at late night there isn't much volume in the market after New York and Sydney. So, if he is really a good trader then probably he will understand that after Sydney most traders just don't bother looking for trades.

However I am a session trader and in my country all the major sessions take place during the daylight. So that's why I don't need to stay up late to trade. Even if any setup forms during my sleeping hours then I simply skip it because for me concentration is necessary otherwise Skip is the only option.

“Without enough sleep you will never be able to utilize your capacity"

[Miles2006]

Trading at night is nothing new, traders who have the ability to stay awake during night period might find trading interesting and according to the data made by them they intend to gain more profit at night, not certain yet if this is true.
Laziness is simply different from getting a night rest, sleeping or not sleeping at night is not a criterion a trader needs to succeed, for someone who finds night time stressful can start day time trading, trading is not all about lack of sleep although people now make it a big deal concerning success trade in relation to lack of sleep. Funny how a trader expert said something about sleep then someone starts taking pills for no valid reason, people are easily deceived no doubt.

[Botnake]

Health is wealth, so why compromise your sleep with night trading where profits are not even ensured. Instead, trade on your most convenient time where your health is not at stake. Because realistically speaking, your body will break down first before you will hit the peak of success with night trading.

But despite of its health risk, some are still making good profits from night trading. But in my own personal analysis, if you are actually a good night trader, you can also do it with day trading without putting your own health and body totally at risk.

[Japinat]

Successful trading do not have connection if you love to sleep or not, but it points more to risk management and discipline. Those who trade with lack of discipline and risk management even if they don't love to sleep are still losing from trading, that's because the more you deprived yourself from sleeping, the more it ruined your focus in trading which will then affect decision making and emotional control.

Just trade with your own time, comfort and convenience. But don't trade your sleeping time with your possible profits from night trading.

[Natalim]

One needs a healthy sleep for a productive mind and body, and trading is never an exception. You don't have to trade at night and change your sleeping habit just because others are claiming that night trading is profitable than day trading. But trade that suits your free time using your extra money.

Trading success and profitability isn't a matter of night or day, but its on how you navigate your trade with the right skills, strategies and right attitudes.

[Tetu100]

This is strange and has got me curious what so special about this trading at night that you're talking about. Is it that the market always moving in the favour of those that trade at nigh or there is something more to it that I'm still not getting right? It is really strange, I just hope that your friend is not trying to sweet mouth you into doing something you aren't ready for. Be careful, sometimes sweet words aren't always the way they sound sweet, evaluate things yourself before taking any actions.

[jcojci]

Trading in crypto giving you free time to starts trading so you can adjust your time following the market situation. If you can't trade at night, you can trade at day and you can set the time how long to trade. You don't have to trade at night and disrupt your sleep schedule so you can still live normally. If you still want to trade at night, you should have limitation how long you can trade so you can directly sleep and take a rest.

I don't trade over midnight because I don't want my healthy disrupt and get sick. Once I sick, all of my activities will disrupt and that can ruins my schedule. Sometime I trade at day and other time at night but I don't push myself to trade daily if I have busy offline activities.

[Plutomanian]

Trading in crypto giving you free time to starts trading so you can adjust your time following the market situation. If you can't trade at night, you can trade at day and you can set the time how long to trade. You don't have to trade at night and disrupt your sleep schedule so you can still live normally. If you still want to trade at night, you should have limitation how long you can trade so you can directly sleep and take a rest.

I don't trade over midnight because I don't want my healthy disrupt and get sick. Once I sick, all of my activities will disrupt and that can ruins my schedule. Sometime I trade at day and other time at night but I don't push myself to trade daily if I have busy offline activities.

We're adults and we have responsibilities. The Crypto market runs 247 every day unlike the Forex market that runs from Monday to Friday and close up for the weekend. Crypto traders have enough time to analyze the market but they know what comes first? Their responsibilities of handling themselves first, their health and also daily rewards.

Staying up every night just to have a proper entry in the market and I do not think it's advisable because there's a kinda way which the market will entrapped traders and make them lose hugh in the market. Fatigue sets in the middle of the night since you've been awake all day and night when you're supposed to rest, you're on the screen looking for proper entry, can also end up making poor trading decisions and losses step in.