How much do you love to sleep?

[Pressurizedem]

Sleep is one of the most important thing one must do in other to stay healthy. Those who find it difficult to sleep are either suffering from one sickness or the other. It is very good to have your sleep which makes  necessary to avoid  being diagnosed of a particular sickness called Bipolar disorder or insomnia. There was one time I stopped sleeping at night, it was then I discovered sleep is as important to man as drinking water. I stayed awake every night going through the different things online, but after some weeks, I find out that I was developing high blood pressure. This happens when you refuse to sleep when you are supposed to sleep.

However, sometimes it is good to sleep when necessary, and wake up to do certain things when necessary as well. Those who stay awake in the night hunting for money always most times find breakthrough because it is an extra effort in trying to stay financially bouyant.

[HajiBagi]

Generally if we are being realistic here then day trading offers higher chances of profits than night trading, Not that night trading doesn’t offers profits but in day trading we stand the chances to make high profits than night trading.
In day trading there is always high liquidity because a lot of traders, investors, institution and big holders are live looking for positive means to make profits (that is the retail traders) while the big banks are looking for an inducement strategy to take advantages of the retail traders and liquidate them. so much chances of high profits if we know what we are doing but during night time there is always low liquidity because before 7pm almost 80% of traders have closed their positions because they focus much on New York session and London session while for night traders it the Asian session or Tokyo session.

 However, one thing here is that day trader offers high chances of high profits but in that manner it comes with high risk because with just a mistake we can loss so especially when our risk management isn’t very effective but in night trading the risk are low.

Everyone have their own way of trading and the time they like to trade, i think the reason he was ask how much he love to sleep is because trading is not for lazy people that sleep around, you can make profit at any time as trader, you can like a day trader because that is your lucky time, and there are people that prefer a night trading because they see it as their lucky time, you can make a profit at any time, maybe his friend loves night trading and wants him to be trading with him in the same time that is why he said that.

When it comes to trading you have to make it clear to anyone that is interested in trading, because it is very risky than investing in bitcoin, you can lost your money in a day or in a single night without gaining any profit, i don’t blame the way the person ask him but he should ask him if he is ready to take the risk.

[bitLeap]

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.

Remember that health is number 1, it's useless for you to make thousands of dollars from trading crypto but your health condition is disrupted because you continue to sacrifice rest time to monitor the chart which is basically trading you can do by opening positions and closing positions. I mean in today's era if you are a disciplined trader able to manage and understand the time does not make your sleep time disturbed. Why sacrifice health if in the end the profits are spent on treatment?

[Shadiq]

Trading is high risk, where there is a possibility of losing both at night and day. How much you will profit and how much you will lose by trading depends on your skill. Night and day cannot affect trading.

Your friend may consider trading as his main source of income, I would advise you to get out of this trap. Trading does not have the characteristics of being a main source of income, you can consider it as an alternative source of income.
The main difference between investors and traders is patience, traders believe in immediate results while investors believe in long-term results. I think investors are ahead in terms of advantages.

[cxtreenal]

Trading not only loses us money but also damages us physically and psychologically. This is the reality for a trader as you have discussed. He has to take risks financially, physically and mentally. If you can survive these adversities, then maybe success can come but it is not guaranteed. If you associate long term Bitcoin investment with many successes, it would be reasonable because in the past analysis, almost all those who were in a long term strategy in investing have been successful. The long term strategy is not limited to buying leverage, you have to accumulate Bitcoin regularly.

You can be in a comfortable position financially as well as physically and of course psychologically. Always use discretionary income/extra fund and build a sustainable and safe Bitcoin holding.

[Decimetre]

To me I think there should be a little adjustment from the title to suit more of what the body is saying because those who loved posting through titles would be entirely out of the context.

My choice of caption  was intentional and the reflection of my curiosity, the end part of my little interaction with my friend. Yes, I understand that some people post based on thread topics, but seeing the thread survive in The trading section means it could be more than the topic.

To be honest, anyone must be successful in whatever they are doing must learn also learn do away with sleep because if they so much focused on sleep they could likely missed the whole process that is why some people do not like trading at night because they can’t trade their sleep for anything. It is true that we shouldn’t be that joking with our night rest, but at times we should be more awake at night to learn and study things we don’t know moreover since most people think that profits in trading is more at night trading, but I mean to say that if you know what you are doing you would also make profit from day trading but what I notice is that, at night trading you could focused more because there wouldn’t be any distractions at night while trading but they are likely the same even as many people have believed to say that night trading is more profitable.

There have been many opinions kicking against the effectiveness of night trading compared to day trading. I like day activities and needed a clarification. Trading is like gambling but still some  people are almost very good at gambling, some believe it's discovering the sequence and in trading, there would perhaps be some cheats like practices that will set you up for profit which may vary based on your trading period.

Or one can just buy hold and sleep well.
A good sleep tend to help with Brain functions and an healthier lifestyle
I believe even for someone that thinks night is their time
They tend to sleep by the day.

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?🤔

If I'm not mistaken most usually make use of the US time zone in measuring
Owing to the bias towards Wall Street been in the US and a trading zone.

Yes, I prefer buying to hold. Holding through a period of time is less stressful and less risky too because there's high probability of rising back in the future. I have read stories about the risks of trading, it demands proper planning and carefulness.

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.  

I'm aware about the dangers of skipping your sleeping hours which is why I sleep a lot. I act like a lazy dude and can sleep all night without minding What's next in the list. Skipping sleep is not in my agenda, perhaps I would have to wait further to learn from a right source.

If actually he's into night trading because he works in the day, then I still can't learn from him or be like him because I understand that health is wealth. Aside the health conditions that come with skipping your sleeping hours, addictions come with taking pills to stay awake and would compromise your health very faster and reduce the impacts of medication if you get ill.

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.

Remember that health is number 1, it's useless for you to make thousands of dollars from trading crypto but your health condition is disrupted because you continue to sacrifice rest time to monitor the chart which is basically trading you can do by opening positions and closing positions. I mean in today's era if you are a disciplined trader able to manage and understand the time does not make your sleep time disturbed. Why sacrifice health if in the end the profits are spent on treatment?

With all that I have read, I think it's best to remove the idea of night trade or skipping my sleep for the sake of trading. Perhaps, a person can skip his sleep to lose money too because staying awake does not guarantee success or making profit.

But then I see that there are several misconceptions when viewed from outside except you are into active trading.
Trading is not for the weak so getting the basics is very important.

Trading is high risk, where there is a possibility of losing both at night and day. How much you will profit and how much you will lose by trading depends on your skill. Night and day cannot affect trading.

Your friend may consider trading as his main source of income, I would advise you to get out of this trap. Trading does not have the characteristics of being a main source of income, you can consider it as an alternative source of income.
The main difference between investors and traders is patience, traders believe in immediate results while investors believe in long-term results. I think investors are ahead in terms of advantages.

I can't truly say if trading is his entire source of income but then the message is well assimilated. Trading is risky and it's not a new knowledge. The level of risk when compared to investment is so large that investment seems risk free. I've never been trapped nor getting trapped because I don't force things, I know things I can do and things I avoid.

My interest in trading is solely for fun, the knowledge and the ego that comes with being a trading guru. I love traders because they're very calculated and not easily emotional.

[Gozie51]

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.

Really? Taking pills or drugs? I don't think it should get to that. If it gets to that then that is obsession, desperation and frustration. If you trade at night, it is true that you have lesser sleep some times but not all the time and not for so long. Trading has set up and so what such trader need to do is to prepare their set up and wait for the checks. If you check and it is not yet set for you, then you can go back to sleep. Most times the set up takes hours to give you the possible signal that you are waiting for and by the time you should have slept till morning. On the other hand, you may be lucky that at the time you are checking your set up at night, you could get the signal that you are expecting and you make your order then go back to sleep. Trading is not about being on the screen all day.

There are two classes of traders who are likely to be up at night for trading, those who are scalping and those who are losing. The losers chase back their money and they are desperate traders. If you are making profit then you don't need to be on the screen all night waiting for trade order. IMO, I don't think staying up all night is healthy. It destroys the mental health and general body wellness including reducing testosterone levels for men and that reduces erection for men. Women too need sleep. Sleep is good for good health.

I don't support taking pills to stay awake because of trading. Such person is only destroying their general health. The effect of the drugs on the long term and lack of sleep is enough deficiency in the body.

People can trade at night but you don't need being at the screen all night.

[Marykeller]

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.

And you believed that trading is better done at night. A lack of knowledge can make someone believe everything they're told.

However, I like how everyone is clarifying this mentality for you, so you understand that trading can be done at any time of the day; it doesn't have to be at night for you to do better in trading. So debunk what your friend said to you.

[Iamgoat]

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.   

Sleeping is one of the most effective ways for someone to treat their mental health. For you to be fine mentally and have your brain function properly the best way to go about it is by sleeping on time. When you rest and take a good sleep, you are not only destressing your body but also giving your body enough time for its cells to repair themselves and recover from all the lost and depletion they must have faced during the day time when the body was actively working and dealing with other things and problems. It is exactly the way the brain functions and the body entirely. But when you do not allow your body to rest during such periods, it disrupts such natural processes from occurring and your overall health begins to detoriate I know most of us are guilty of this matter I’m talking about especially as day traders always busy watching the charts and ensuring they don’t miss out on the market trends. But what you don’t know, like someone has rightly said is, it is better to have a good health and little money than to have a lot of money with a bad health, so it is better to work smartly, make your money and enjoy your life.

[Wiwo]

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.

That is not true, because to make profit from Bitcoin trading, is all about your strategy, input and decision based on market opportunities, so for that it doesn't matter which time of the day, you can make profits trading both day time and night time, what I have to agree is that, trading is alot stressful because of the need to do market analysis and come up with a clear strategy.

That your friend that trades at night just know why he is doing so, and he must have to cover up for the sleep in the day time the next day, so the need for 5 to 8 hours sleep for an adult should be clearly stated and done as much as possible regardless which time you chose to.

[Zaka1221]

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.

Crypto trading has enough potential and space for traders because it's never been complicated due to its features and flexible nature. Mostly people in crypto trading have enough time to do their stuff easily and also have enough time to sleep, which gives them good peace of mind and life. But still, trading has enough stress; sleeping and having flexibility are always important for any human.
If someone is not doing this with his available time table, he is having enough consequences as well because it increases stress and also causes enough damage in the human body, which is going to be not good in the long run. If someone is doing trading, he needs to have some good use of his time for all stuff other than trading. In many regions, night trading is giving better value, but still it's not good for health.

[Felicity_Tide]

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.

I don't really know much about trading, but again, I think people have their preferences when it comes choosing a particular time to execute whatever plan they have. Personally for me, I prefer to do things more at night because it's literally the best time to easily process and understand things, but that doesn't mean that I'm allergic to doing things during the day. At the end of the day, it's all about being productive in whatever you're doing.

So, I just don't want to believe that what your supposed friend told you is meant to deprive you of your sleep. Perhaps, he was trying to emphasis the amount of effort you would have to put in if you want to actually be as good as him.

[JunaidAzizi]

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.   

I have been observing and tracking traders online, and to this day, no one trades at night or suggests doing so. All of them start at the beginning of the day. first they go to the gym, then have breakfast, and finally set up their trading stations. I believe this is the best and healthiest approach. Your mind is relaxed and ready to analyze the charts. However, if you trade at night your mind suffers throughout the day, and when it needs rest you sit at your setup. How can you trade with a dizzy mind? Of course, this can lead to health problems, and then you will have to spend your earnings on medicine. So, trade during the day mark your profits, and enjoy the rest of your day.

[Stable090]

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.

So what your friend is trying to say is that as a trader, you won’t really be sleeping at night? I don’t think that’s true, trading doesn’t have anything to do with your sleep, when you are done with trading for a day, you are suppose take your time to sleep properly, you need proper rest to refresh your brain. If you are having sleepless night always, then it’s going to affect you, and you won’t be able to properly do your analysis when trading.

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.

Depending on how you plan yourself, if you are the type that trade mostly at night, then you will prefer night trading, and if you are the type that trade during the day time, you going to prefer that. If you are trading, do whatsoever you want to do during the day time, and enjoy your sleep at night.

[hafiztalha]

It's not a good approach to sacrifice sleep because trading is idiotic. Being awake all the time doesn't automatically create more opportunities for profitable trades for us.  And it's not set in stone that daytime is always best for trading. Trading depends on many things like the market, strategies and most importantly assets. And choosing the right time suitable for our routine and best for our trading schedule is important. Trading is something we should control not our lives being controlled by trading. If we wake up all the time, it means there is nothing wrong with the market there's an error in our own strategy. There are always an opportunities one after another so don't make decisions while you are exhausted.

[Silverstonez]

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.

What a bunch of nonsense you have here, you don’t need let go too much sleep in order to be a good trader.  What you need to be a successful trader is discipline, patience, a proper risk management and a solid understanding of the market.  Just don’t be like others, look for what works for you, you can even stay awake all through the night trading and still end up with no profit.  Trading is what you do when you’re in the mood and at your convenience, so don’t let anyone tell you otherwise.