MultiversX Tracker is Live!

Day trading is too stressful and the profit is not worth it despite being profitable.

All Cryptocurrencies

by COINS NEWS 88 Views

it's been a year and a half since I started day trading but man it's become so stressful I can't bear it anymore. I mean I am profitable and all, still losing some days but I do end up with some profit in the end, the point that I am trying to drive home is that throughout this trading journey that I boarded on, I noticed my relationships with most people around me especially family and close friends start to dwindle a lot!t I have almost stopped hanging out with my friends when they ask me to hang out with them just to look at the charts, 90% of the time I would make up an excuse to not go with them and all this is starting to take a toll on me, even my family started to notice my changed behavior.

and to add to that the profit that I am getting out of this is not really compensating for the amount of stress and brain fog that I have developed from it, and that pushed me to start thinking about long-term investing and ending this trading mess that I have started, I mean I see people around me living their lives going to their day jobs getting paid and enjoying their time and not having to worry a bit about the market price and if whether they are in the red or green for that day, I even have some friends that are investing a percentage of their monthly paycheck into crypto waiting for the next bull run, and here I am trading my time looking at the chart of different coins all day following a bunch of indicators, patterns, sketching a bunch of support and resistance lines trying to catch a trend, pullback or reversal.

so to everyone who is reading this let me tell you day trading and scalping you name it is so freaking stressful, and you should really consider that when trying to start a journey in it. because really this stress and level of anxiety that i currently have is so not worth it (for me atleast).

It could be that I am just not cut out for it or wrong about it, either way, I am only hodling from now on, and trying to start another career in something way less stressful than day trading crypto could ever be.

hope the best for you all.

edit: tldr.

I started day trading crypto and now it has taken a toll on me given me a lot of stress and brain fog and affected my social cycle, all of this has led me to stop day trading and seek more long-term investing solutions.

edit:

thanks to everyone for the support they gave, it is much appreciated!

submitted by /u/mrcarefreeattitude
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments