Post
Topic
Board Economics
Re: How do manage portfolio efficiently while having a full time job?
by
hahay
on 19/02/2020, 21:48:33 UTC
You don't have to look at the screen 24/7 at the monitor to make profits,just adjust based on your convenience and involving crypto trading over active can cause mental illness as well.So all you have to do is to stop day trading activities or just limit them into less number of trades and the price candle can be 30 minutes or 1 hour.

Trading bots can help you to actively involve in trading while you are working somehwere but still if you are rookie with trading bots then better avoid them until you get to know much clearer.
Also it does not make a lot of sense to hold that many coins, since many of them are heavily correlated among themselves so if you you reduce the number of coins you are holding this is going to make easier to monitor your portfolio and it could take you just a few minutes each day, and it does not matter how busy you are you could always dedicate a few minutes each day to that and in the case you need to adjust your portfolio due to the movements of the market this will also only take you a few additional minutes.
Even with a single coin and stable coin pair you can keep your day busy all the time so it all depends on how we much margin we set to reach by trading.
Orders for stop loss and profit can be adjusted there and that way we can still spend a lot of time for full time job, trading and managing a portfolio basically can still be done well if you have enough skills. Anyway, checking can be done whenever you have free time, it is just to make sure if your portfolio is maintained and we don't need to trade every time because it will only have a negative impact on your own portfolio.