This is another reason why I'm always "quitting trading". - All the stress and disturbance of my sleep and life in general. I am basically noctural, and everyone I know HATES it. My head is so fried I cannot even do quick daytrading anymore like I used to. I cannot wait till I am in cold storage.
Back when I first started in Bitcoin and I made my first 500% profit one week, it wasn't from TA and following charts. It was from doing ninja warrior cowboy daytrading during crashes with the orderbooks, catching every high and every low on every little wave. It was FUN and REWARDING. I'd spend a couple hours, make my 200%, and then when the big movement was over I'd turn the trading stuff off and go away and live. I'd look at a slow chart that wasn't volatile and think "wtf am I supposed to do here. use ESP? No way. I'm outta here". Nowadays I do all this 'charting' and 'technical analysis' and stress out over long term trends that are nearly impossible to predict and there's always some black swan event to throw everything off from predictions. I am following news and staring at charts and screens and alerts nearly 24/7. The charts are in my DREAMS. It has ruined my life. When I finally get into cold storage, I am taking a big break.
You know why it makes you nocturnal in the US, and me nocturnal in the UK?
Because all the main market making n breaking action is coming from those of a Far East time zone persuasion.
What does that tell ya?
That's a good point. Here we are looking at Bitstamp's order book/chart and being grateful for how strong it is now that it has taken over from gox. But meanwhile all the action is still happening on China's watch, and Chinese exchanges are doing 5x more volume (though some of that may be fake). This makes me a little concerned. Anyone else have thoughts on this?