Post
Topic
Board Trading Discussion
Re: Ways to stay completely sane while trading crypto
by
batang_bitcoin
on 23/01/2025, 16:46:30 UTC
Trading can be very risky and could cause serious mental issues if done wrongly. You need to be careful during this activity. I have some advice for traders out there to keep you completely sane while trading you crypto, You need to set trading hours for you self. This exchanges are open for traders 24/7, this doesn't mean you should trade 24/7, you need to have some time for yourself, you need to have dinner, spend time with your kids and family and live life like a normal person. The next is management of fear and greed. Losing is part of of the game, so don't let your losses damage you emotionally, Don’t let it be a trigger for anger.Treat losses as an opportunity to learn. and don't let greed push you to staking more than you can afford to lose, instead place your focus and attention on the framework and the logic of the trade.
Actually, you're right. The reason for others why they're losing is because they are overtrading. They check the markets for so long and take their whole time on it. I cannot blame them for that though because it's normal for traders to do that. But it's true that we don't have to do such trades and be on it 24/7. The market is always open and there are tools that will help us trade like the ones that exchanges have and that's about setting stop loss and some profit taking in prices.

Lastly take breaks, leave your laptop for a while, step out and laugh a bit.
Taking some fresh air when the markets are bad. And still take some fresh air when you've won trades, that feels better.