I have been doing less trading because, while it is quick & easy to know when I want to buy, that buy action comes batched together with the need to watch and sell smartly if I want to do well.
And I don't really like watching charts or figuring out when to sell. It feels like a waste of my time relative to the opportunity cost of working on my own projects for example.
So as tempting as it is to buy tokens when I see them and think they are going to go up in the hours/days to come, I have tried to resist doing so to protect myself from the time/attention suck that comes with it.
Of course, if I see something at a good value that I think I would want to hold for a long time, like months or years, then that looks more like an investment than a trade, and I will still pull the trigger on that.
I enjoy investing and find it to be a worthwhile use of my time. Investing is in large part what has given me the freedom and flexibility to have as much control over what I do with my time as I've had over the last several years, outside of ~4 years of full-time employment.
So I'm still investing, just slowing it down a bit on the trading. And that makes it sound like I was trading a lot, which I really wasn't, but it was seemingly influencing an outsized amount of my time despite not at all being my primary focus. Those are not the kinds of activities I like to do.
I have been doing less trading because, while it is quick & easy to know when I want to buy, that buy action comes batched together with the need to watch and sell smartly if I want to do well.
And I don't really like watching charts or figuring out when to sell. It feels like a waste of my time relative to the opportunity cost of working on my own projects for example.
So as tempting as it is to buy tokens when I see them and think they are going to go up in the hours/days to come, I have tried to resist doing so to protect myself from the time/attention suck that comes with it.
Of course, if I see something at a good value that I think I would want to hold for a long time, like months or years, then that looks more like an investment than a trade, and I will still pull the trigger on that.
I enjoy investing and find it to be a worthwhile use of my time. Investing is in large part what has given me the freedom and flexibility to have as much control over what I do with my time as I've had over the last several years, outside of ~4 years of full-time employment.
So I'm still investing, just slowing it down a bit on the trading. And that makes it sound like I was trading a lot, which I really wasn't, but it was seemingly influencing an outsized amount of my time despite not at all being my primary focus. Those are not the kinds of activities I like to do.
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