Recipe for trading success #3

I have already written a few articles on this topic:
https://steemit.com/trading/@mathsinnature/recipe-for-trading-success-2

This hint is probably so clear that almost nobody really thinks about it. It could be summarized with the slogan: “Keep calm and take some time off!”

Many people see in cryptocurrency trading the chance of their life. They see themselves not working anymore and just enjoy your life because of a few years of hardcore working while trading with cryptocurrencies. My recommendation is just to invest in coins you believe in because it is accepted or will be accepted somewhere for something useful (I will do a separate analysis on this in the following week while rethinking my coins myself).

But beside this great opportunity cryptocurrencies and steemit is giving us early birds we have to take some days off. Always think about this: The most gains are we making when we are not online. Of course you can also do some really good short term trades, but this is sometimes very risky, stealing much time and intensive. I prefer to invest in some good coins I like, read the whitepaper, think about the idea (like steem) and invest some. I sell a small amount sometimes when I think it is simply too expensive now (as described here) but just to invest it in a low coin which I also like. But take some time off from trading and steemit in between. Your coins will manage it although you are not watching them nervously. Sometimes you could even miss a crash or a height. That’s why I have some limit orders activated normally to sell if the coin goes very high and to buy if the coin goes very low. When you are lucky and play this on GDAX with ETH and BTC the fluctuation make you take both offers (sell and buy) and you gained some free money.

I have to confess that the cryptomarket changes very fast and so there are small windows to make some important decisions. But to my mind very often there is a second chance. For example I thought after the last BTC rise that there will never be a good chance to buy BTC cheap. Last weak BTC went back/dereased to 9000$. On the other hand almost every other coin fell a lot stronger than BTC and I thought I was stuck too long in BTC already before. But now a second chance returned through the fall of the altcoins. There are good chances all over the place and they return although they may notbe as big as they were before.

If you liked this thoughts please resteem and upvote this posts!