Let’s say, the Graph is a diagram showing the relation between variable quantities, typically of two variables, each measured along one of a pair of axes at right angles. One of our common tools to track and trace the movement of the crypto price is in a graph form, sometimes easily called the price chart, mostly set to the candle stick model.
The graph shows us the historical price value and the current value of each crypto currency in specific period. We use additional tools and knowledges to measure historical activities and predict the future movement of the price, then making the proper activity decisions to our investment.
Today, I am going to share you of my experiences in the Frequently versus Infrequently graph reading and how it results to my crypto portfolio. This is not a guide. You are advised to make your own research for your own investment. This is subjected to experience sharing only. You know who you are and what fits for your investment style and only you know your own risks.
In the end of 2020, I was terminated my job. So, I had a bit interval free time before starting a new job in the early of 2021. Yes, I had a lot of time for the crypto price monitoring. It was approximately 15 hours per day ,2 times an hour, 30 times a day I took a look into the price board. But after a new job, I have not much a free time like before, I usually take a first monitoring to the price board in the morning to watch up the trends, again at my lunch break and again during my way home. Yes, it reduces from 30 times a day to 3 times a day.
What these numbers affect me? The 30 times monitoring caused me 30 different positive and negative emotions to the price. This increased the high rates of buy and sell, of course it came along with high rates of the possibly mistakes. It was good to have the 30 times price updates and useful for situation awareness. But since the emotional to buy and sell won the logical awareness, the 30 times price updates did not useful, I did not make a desired profit.
Let’s see now when the price monitoring reduces to 3 times a day. The 3 times monitoring causes me the different positive and negative emotions to the price as well. But think about it, it’s only 3 times!, and it does not make me sensitive to the changes of price. The less emotions give me the opportunity to think about a possible trend, reduces buy/sell rates and the possibly mistakes.
By infrequently monitoring to the graph causes me +100% profit to my capital. My on hand crypto are BTC ETH KUB LTC BNB ADA BSV ZIL BAT BAND & NEAR. The most profitable asset in my folio goes to ETH.
