If You Trade Crypto, Get a Damn Hobby!
I was pretty young and stupid when I first started trading. I was so stupid that I believe that I could be a big shot making millions within a year. Stocks were my first choice and I was going to do everything I could to make my way to seven figures. However, as I was watching my charts and trades I was driving myself crazy trying to get the best price and selling at the best price. So I ended up wanting to make even more money. I watched smaller time frames and really started to drive myself crazy.
Why Was I Crazy?!
During this time I was going crazy. I didn’t understand much of the market and ended up thinking I was going to be the 1% who made it from Day Trading Crypto. I was setting my alarm to wake up at crazy early hours, and then going to be at crazy late hours. I was watching everything from the 1 minute time frame up to the Daily, and still not making very much profit. I was going about everything all wrong, and then one day I stumbled upon Pionex.
Pionex Is a Game Changer!
Now some of you may stop reading this here because you think that I am just another Pionex Fan Boy, well… I am. But not for the reasons you may think. In the past I was trying to figure out how to make my own trades, how to find the best entry and exit, and how to make the most profits again, from the 1 minute to the daily chart. So again, I was going crazy, I even went as far to make my own google doc, and make my own “grid lines” and use those for my trades on Coinbase. However, Pionex will do all of that and more for you, and that is where I ended up landing with my crypto trading. You see, I am like the other 90% of traders out there, but I am a bit different. I realized I needed a hobby.
Why a Hobby?
So while I was trying to make these trades and hoping that they played out, I finally realized that I was forcing the trades to try to happen. One of the worst things you could possibly do. The other worst things let your emotions get involved and allow FOMO to make trades, not good. So I got a hobby, now everyone has something deep down that they enjoy doing. It might be working out, riding a bike, reading, it might be doing research, it might be something specific like doing research on crypto and why it has been moving the way it has. Bottom line is we all have a hobby and you should start listening to your heart and follow yours.
When we watch the charts all day we can’t help but let our emotions get involved. It is natural for humans to do this. However, what we really need to do with our trades is get into a trade, and then get away from the screen. Set up our trade by our rules, and then let the rules take over. If the trade is a good one, it will make profit, if it is bad, it will make a loss. Either way, we need to let the rules follow our trades.
So with my trades what I ended up having happen was I started looking at the bigger time frames. “When in doubt, zoom out!” Is probably a quote you have heard. What I found out was even when I was able to zoom out and see the bigger picture I was still able to set up trading bots or I was able to see the bigger picture in order to make profitable trades.
What Happened!?
When I finally started to zoom out and look at the big picture I finally realized that instead of taking a trade I was letting emotions drive my trading as well as trying to force a trade. I also would let the bot that I have set up do their thing and I would not worry about the trades not working, as well as letting the bot get the time fluctuations between prices.
While this doesn’t sound like a big deal, it was. It let me live a free life that was not tied to the charts and screens. I was able to enjoy what I was doing more and not worry about if I was getting the best trade down to the minute. I was letting the bots work for me and when you look at the big picture you also look past the “noise” in the charts and your trades make more sense.
How Do I Get There?
If you are reading this and saying to yourself that sounds great, I want to do that. Then click the Pionex link and sign up today. 16 trading bots that are built into the exchange and more are added during big event updates and such.
Join us, and start trading carefree with your hobby today!
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