Trading is stressful? Learn How to Deal With It.
Trading is stressful work. Even the most experienced trader will secretly admit to this. Combine hours spent meticulously researching markets and the volatile nature of value fluctuations, and you risk volatile mood changes as well. An enormous rise in value one day can collapse into a massive crash the next.
Handling trading stress is similar to handling job stress. Try the following tips and see if you feel better.
Set a schedule.
The good thing about trading cryptocurrency is that you can do it at home, as your own boss, in your pajamas. The disadvantage is that you can’t just leave your work at the office at the end of the day.
But you can still mimic the structured feeling of a traditional work day. Set your own hours and be strict about keeping them. Sign out of your accounts and disable your notifications when you’re not on the clock. You can even restrict your trading activities to cafes and other spaces outside of your home.
Open investment accounts for lower-risk investing.
There’s nothing worse than the feeling of suddenly losing all your gains overnight. When this happens, you want a cushion to fall back on. So, put some of your profits into lower-risk investments. This safety net can keep you from worrying about paying bills and other necessities if the market suddenly crashes.
Make time for exercise.
If you’re an independent trader, you set your own hours. So there’s no excuse to not exercise! Get out there between trades and go for a walk or run. Physical activity has mood-boosting effects, not to mention a wide variety of physical health benefits.
Talk to people.
Trading all day every day on the internet can get lonesome. That’s why it’s important to maintain at least a little human contact. This can be family, friends, your neighborhood barista, and even folks you meet online through trading. Try to discuss things outside of work; you may find that you have more in common with fellow traders than you would have guessed.
If you’re only going to take one thing from this article, it should be to sleep well. While it may feel like a waste of time, lack of sleep impairs cognition, thereby impairing your ability to be productive or to make smart trading decisions. So, invest in sleep to invest in real investments.
Talk to a professional.
If you consistently feel tired, stressed, unable to concentrate, sleep well, or are having dark thoughts, don’t ignore it. Talk to a professional.
Your family doctor can make sure you don’t have an underlying medical issue. And therapy can be used as a safe space away from your usual hectic life to process your thoughts with an impartial third party.
If you get diagnosed with anxiety, depression, or another mental disorder, don’t panic. There are ways to effectively manage your condition while remaining productive in the market. For example, your doctor may prescribe you an antidepressant like Zoloft®.
You can save some of your hard-earned money by buying from an international or Online Canadian pharmacy referral service which offers both Brand Zoloft and Generic Zoloft. This service can link you to licensed pharmacies outside the U.S. where drug prices are much cheaper due to stricter regulations.
In conclusion, don’t forget to take care of yourself! Making a living trading cryptocurrency means you can set your own work rules, and one of these rules should be to prioritize your health.