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RE: Two questions I always get from traders when Bitcoin heading straight up

in #trading7 years ago

Thanks for another great video Luc, like others this really helped crystallize it for me.
I have a question about down time. The cryptos are open 24/7, how do you deal with this, when for example it was a slow day, your about to shut everything down (or not, do you shut off your computer?) and all of a sudden things pick up, you were just about to go to bed? Or even better you got into a coin, expecting a bounce and it didnt happen as fast as you thought it would and it is way past bed time? This last one has kicked my but several times, just missing the sell with my stop.
My main motivation for this question is that my wife is not digging my new choice of career direction. Mostly because of all the interruptions at odd hours and it would certainly be easier if I had an external office, but then I would feel like I am missing out on some really great deals on the flip side? I suspect as a new trader I may be a little over enthusiastic, but in part I think this is part of the territory. I would appreciate some in-put from you and others that have found some systems that function better than mine. Thanks.

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I use my phone alot.. I just have coinigy set up to email me when a trade goes off and then I run to the office to set up additional buys or sells as needed.. and for the major coins I always have alarms set up with apps on my phone, so yes, if there is a big move happening anytime, then I might be up middle of the night to buy something.. China's day is my night, so its just what it is..
Otherwise, yeah I work mon to frid 9-430

Thanks Luc,
Would you mind sharing what apps you are using, or do you mean sms notification on Coinigy. I have noticed that the emails on my phone are not able to update sooner that 15 minutes. Also do you ever do trades on you phone when you are out and about, and if not is it for security reasons, or separation of work and play reasons?

I use Bitcoin Ticker Widget the most, because it not only gives alerts but it has charts.. I also like Crypto Prices All-in-One... those are my favorite apps..