Quote from: sana54210 on Today at 06:20:18 PM

Quote from: WLtoys V912 on January 10, 2021, 11:00:32 AM

I don't know why most people enjoy the heavy rise of bitcoin while it is only good for long term holders. How long do they want to hold? Forever? They have to sell at some point and exit the market. For day traders like me, expensive bitcoin is not attractive at all because it not only reduces my profit, it also increases my stress.

I have to buy at $40.000 and sell at $40.200 to gain daily profit (This is an example). This is much less profitable than when I used to buy at $8000 and sell at $8200 the same day. Apart from this, whenever I buy at $40.000, I am worried about a big crash right around the corner because the prices are too high now.

How do you cope with this situation as a day trader? Do you dare to buy $40K bitcoin for short term trading?

Best way to get away from stress is to find another hobby that can take your mind off it. If you are married you have nothing to worry about because if you trade and get into stress, just leave it for a while, go to your wife or husband and spend some time with them and eventually they will make you think about something else and that chat will make you forget about trading for a while.

However if you are single there are still some methods, for example if you end up with some sort of gaming habit, you can go play some computer games, or maybe reading? Or most commonly, go to netflix and watch some movies or tv shows and you will definitely feel a lot better. Do not try to remove stress from your life, you can't, the best you can do is get away from whatever gives you stress, enjoy life for a while and then you can go back so you will keep your stress under certain threshold.

Stress is something that cannot occur in trading, because wrong decisions are usually made based on the bad moment, you can do two things,
1.- If you have Bitcoin, do not sell,
2.- If you want to acquire Bitcoin, do it, which will go up in time,

Do not see much news, that money you invested in Bitcoin forget about it, for a while, check, remember that investment is the best option, if you are a trader, you know that you must follow the line of least resistance to obtain profits, you just have to calm down to make the best decision.