Quote from: DarkDays on Today at 08:59:52 AM

Quote from: LUCKMCFLY on July 21, 2021, 07:00:10 AM

Quote from: doctor877 on July 18, 2021, 10:21:05 PM

considering the fact that trading is highly profitable and responds majorly to knowledge and skills, this means its needs full attention and concentration consistently. i have noticed alot of new and upcoming trader gets carried away easily with little profits or loss. this makes many to quit or feel complascent. becoming a good trader is like going to a school, you do all necessary things consistently without any distraction untill you succeed. this is one of the things that i feel is needed to incorporate into trading learning process and lifestyle.

When it comes to short-term trading, it is necessary to do so, but in my view of trading I prefer to do it in the medium and long term, I have found that peace of mind in trading is the best thing to have.

The need for focus and concentration mainly applies to short-term trading but not so much for long-term. This is one of the reason why some people buy in and leave their coins for years before they come back to it.

This strategy works well for top 5 cryptos with a long-term of 1yr+ because their overall trend is likely to go up, but the picture becomes more complicated when considering other alts that are not the top coins.

Therefore short-term trading is only for people who really make trading their main job, because I admit it requires more time and attention.
So for me, who really makes trading as a side job, very difficult to divide the time if I have to do short-term trading. In the end I did choose
long-term trading, which I only check the market in my spare time, but have to be careful choosing coins for long-term trading. Because not
all coins are good for long-term trading, this requires good research and analysis in order to be able to choose which coins are suitable for
long-term trading. I usually choose coins that are among the top 10 rankings on coinmarketcap for long-term trading.