The dedicated trader I know who is regularly able to capture trades and walk away from it win or loss without being too caught up also rises at 4am every morning, watches the Japanese markets onwards for the best clue on how global sentiment is rebounding in markets that day. Most of us lack both the clarity and dedication to really listen for the smallest clues how to proceed that day which might be completely different to the next.
Actually you have some clear understanding about traders but I believed that Bitcoin investment is more better and safer than trade. And you should know that any sudden change can make a trader to loss his trade. Emotions can also make a trader to loss his trade. Lack of risk management can also make a trader loss his trade. Technical failure cam also make a trader losa his trade. When I said technical failure I mean that your account might be compromised or their might be a cyber-securitybreache. All those things I have mentioned are what will probably make a trade to be lost. For me trade is like a higher standard gamble, just like you said, one need to wake up early as 4AM to monitor the market so that can have a clue on how to carryout their daily trade. But on Bitcoin investment, you don't need to do all that as the investment is more safer than trading.