Quote from: BigBoom3599 on November 03, 2019, 04:11:54 PM

Quote from: TelolettOm on November 03, 2019, 04:00:34 PM

Is it true that we must monitor markets at all times? I don't think it's necessary all the time. we can also use many features that are already available. Cute Lose Alarm. for me it is enough when I want daily trading. and indeed for a time we never knew how long I would be able to Take Profit but as a side job in fact I could trade and also my main job.time management here is also important

I think if you really want to make money trading crypto you have to always keep on eye on the charts. Simple because these are such volatile (and often manipulated) markets. There can be 2 days of low volume trading with barely any price movement. And then all of a sudden some big player comes in and makes the whole market pump or dump 10% within 5 minutes. If you were not looking at the charts (or even asleep) during such a moment the losses could be catastrophic. This is also why stop-losses are so important in crypto.

Keeping eye on the charts constantly is for those people who trade on daily basis. It is not important for a short or long term trader to go through such hardships because dips don't end within a day. Day trading is only beneficial when done with bitcoin because it has the most volatility. Hence, provides the chance to sell and buy on daily basis and still earning some good profits. Market does not get affected by a single player.