Everyone is always telling you to just HODL through the ups and downs and Don't day trade.
maybe you forgot to read what they are telling you to the end! or maybe they are idiots who are telling you just to HODL.
the correct way is to hold if you are not a trader or if you are not comfortable with trusting all these shady exchanges out there! but both strategies are viable as long as
you know what you are doing not just blindly HODLing or blindly selling while prices are falling or dump just because you heard some FUD!
But isn't HODLing a form of trading it it's own right?
no.
Wouldn't it be better to set profit and loss targets and if it is reached, sell?
no. if you like doing that then do it. that is your strategy but you can't say it is better than other strategies or worse than others. it just is A strategy.
It has occurred to me if l HODL, l could be no different to gambling.
as the bold part above.... if you don't know what you are doing then yeah you are gambling.
If the market is rising then HODLing is great, but is it so good when your coins just fell 50%...I don't think so!
the start day trading and at the same time accept the risk that some day the exchange you are using to day trade can decide it is time to scam its users and takes all your money. in which case your coins fall to 0% because you lose all of them