Post
Topic
Board Trading Discussion
Re: Question for experienced traders
by
justdimin
on 22/07/2024, 13:20:03 UTC
For me, it's really been I while I quit active trading and have given my time to investing, and this is not exactly because I am no longer interested in crypto trading, due to loses or what ever, but then, its simply because trading crypto, and not just crypto but trading in general requires a lot of time, intact, it consumes time.

If you are an active trader, rest assured you likely will not have time to practice or engage yourself in other activities, because those time you should spend on other activities is possibly the time you are spending; analyzing the market, reading the news so as to get an idea of what to trade next.

Focusing on crypto investment allows one much ample of time to do or participate in other activities, which could range from running other businesses and such, it's important that we all understand that trading is not the only means through which we can make money from crypto, and once one focuses on trading alone, it most of time don't or won't allow that person the time to check out other means of making money from crypto as well.
That is not a bad decision, trading could put a toll on someone's soul, and long term investment is easier, and gives you a profit anyway. The reality is that spending that much time on ANYTHING would be bad, it is not just about trading. But the amount of time trading requires you to do, while you just get around, is not an easy choice and should be something that will take a while, I would highly suggest that you do not deal with anything like that, because 99% of traders end up in big frustrations alone.

The amount of time we are giving to concentrate for profits in trading, definitely will not pay in equal proportion. But, the patience we have on investments definitely will have better influence in returns.