Strategy: holding but trading

[crypto1nvest]

I think this strategy doesn't work on cryptocurrency with it high volatility. You can make the wrong guess and lose already like 10-30% of your deposit.

[icohunter1024]

If you trust the coin and determine long-term hold, then you should control psychology not to oscillate when it's down.

[real eyes realize]

Do you guys think that it is possible to be successful if I want to hold ( a year), but  look at the charts only once a week (even less), then  trade only if I see a huge loss? Let's say I set a loss of 10% now, will I have to trade a lot?

Thanks in advance

First, nobody can guarantee that you can make profit by holding an altcoins.

In my opinion, you should make your decisions in crypto world just according to your observations on prices and the news.

[teosanru]

Do you guys think that it is possible to be successful if I want to hold ( a year), but  look at the charts only once a week (even less), then  trade only if I see a huge loss? Let's say I set a loss of 10% now, will I have to trade a lot?

Thanks in advance

You can obviously put a stop loss at 10%. People have bots in place of that. In fact, whales took advantage of that loophole recently when immediately price fell by 11% and then recovered to initiate people's stop losses.
The strategy you've mentioned is correct and you can go with it.

[furkantugra]

The decision always depends on you. If you want to trade or hodl, that is all up to you. But if I were to choose, eeven though both trading and holding are good strategies, I prefer to hold it for a long period of time and and sell it once the market cap is high.

[cellanadalam]

Do you guys think that it is possible to be successful if I want to hold ( a year), but  look at the charts only once a week (even less), then  trade only if I see a huge loss? Let's say I set a loss of 10% now, will I have to trade a lot?

Thanks in advance

i prefer to hold. at least not at risk. your loss rate is too low. but when you trade, your loss rate is high and risky. If you are not good at analyzing, you lose when you trade.

[Maricurijohn]

I think this strategy doesn't work on cryptocurrency with it high volatility. You can make the wrong guess and lose already like 10-30% of your deposit.

He has a very strange and difficult strategy, but in general this strategy is not as feasible as the words you say. I do not think this strategy should be used in investing, so maybe he will get lost soon.

[lol1yatme]

If you trust the coin and determine long-term hold, then you should control psychology not to oscillate when it's down.

In my opinion, holding and trading of the crypto coins are entirely different things and that there is nothing much common in between both. I am in favor of holding of the coins as it is less risky and that it has also huger chances of making you earn more money. You need to go for trading only when you are pretty much sure that you will be able to have some better earning out of it.

[Captainluffy24]

Do you guys think that it is possible to be successful if I want to hold ( a year), but  look at the charts only once a week (even less), then  trade only if I see a huge loss? Let's say I set a loss of 10% now, will I have to trade a lot?

Thanks in advance

You are basically talking about trading, swing trading to be precise where you wait for big bull or bear moves and trade then. If you are going to do that, I suggest to learn about swing trading and set your losses very strategically not on a random %. For instance if you were looking to buy bitcoin right now, it wouldn't be a bad moment, you could buy it at 8700~ and set your stop loss below the last daily low which is around 8600.

This ia definitely a good idea. Setting a percentage for your self is not bad since it will minimize the lost and will maximise your profit. However, you need to be familliar with the coin since they might need different percentage. Just like with btc which the price usually moves up and down so much and can almost reach a thousand.

[djsugar]

Do you guys think that it is possible to be successful if I want to hold ( a year), but  look at the charts only once a week (even less), then  trade only if I see a huge loss? Let's say I set a loss of 10% now, will I have to trade a lot?

Thanks in advance

Yes that is very possible. But, the question that lies here is whether this will take away the stress from you. Now look at this scenario. You bought a coin and held it. Lets assume you bought 10000 TRX. What makes you think that you would not see the price again and again. With every small fluctuation in price you would panic like anything and it would give you a lot of stress. So trading is more advisable than holding.

[winterland]

Do you guys think that it is possible to be successful if I want to hold ( a year), but  look at the charts only once a week (even less), then  trade only if I see a huge loss? Let's say I set a loss of 10% now, will I have to trade a lot?

Thanks in advance

It's not about how much time you're holding, it's about how much you've come to get as a result. If the goal is achieved, do not be greedy but sell and buy a new coin. So we act, but sometimes the coin does not give anything, then it needs to be sold as soon as possible so as not to waste time.

The amount of time that you hold it is important, the longer you hold the bigger the chances that you are going to earn money, if you take a look at the price of bitcoin through the years you can pick almost any point in time and if you hold for a least a year you will find that in most cases you would have made money, and the longer the period the higher the chances of making money.

[granchio]

Do you guys think that it is possible to be successful if I want to hold ( a year), but  look at the charts only once a week (even less), then  trade only if I see a huge loss? Let's say I set a loss of 10% now, will I have to trade a lot?

Thanks in advance

It just depends on the coin which you had made the investment. And also, you shouldn't forget that, it is almost impossible to say something exact about the future of a coin, so, I think your price targets should be flexible.

[Kebokantahu]

of course as long as you hold a potentially good coin in the future, a price increase in the likelihood of success can occur
basically if you want to invest for the long term only if you want to earn profits and be successful
Hold on if the price goes down and if there is more capital to buy it back at a low price to add to the assets we have

[TommyB2018]

I am a holder are heart, tried trading but not much luck so far

[LauraCroft]

Trading is very difficult to get right, I would stay clear if you dont have the time to do it

[jems]

Do you guys think that it is possible to be successful if I want to hold ( a year), but  look at the charts only once a week (even less), then  trade only if I see a huge loss? Let's say I set a loss of 10% now, will I have to trade a lot?

Thanks in advance

holding and trading is often a comparison and people always ask which one is more profitable. I think trading and holding are really profitable as long as we are always in the right choice and position to make decisions.

[posi]

Do you guys think that it is possible to be successful if I want to hold ( a year), but  look at the charts only once a week (even less), then  trade only if I see a huge loss? Let's say I set a loss of 10% now, will I have to trade a lot?

Thanks in advance

holding and trading is often a comparison and people always ask which one is more profitable. I think trading and holding are really profitable as long as we are always in the right choice and position to make decisions.

Yes, trading and holding are somehow comparison and will determine the profitabilities with the best method to use at a point is time as the OP he/she set a loss of 10% now, in lost time the best thing to do is hold and buy dip. If have the require capital with experience could use the day trading method.

[maldini]

of course maybe, I usually use MA 10 and MA 30 and I see it only once a few days to make sure there is a crossed line or not, if any I will buy if MA 10 passes MA 30 and vice versa, that is my simple strategy

[_w_b_t_]

It's not about sitting in front of the monitor, but in understanding the principles and essence of the price movement. While this is not, you can sit at least 24/7 - it's no good.

[Oilacris]

Do you guys think that it is possible to be successful if I want to hold ( a year), but  look at the charts only once a week (even less), then  trade only if I see a huge loss? Let's say I set a loss of 10% now, will I have to trade a lot?

Thanks in advance

Even holding for long term wont really guarantee you success because no one even knows if the coin you are holding would able to succeed in future time.If you do aim longer hold on the very first place then you should not make any check up on the charts because you will just stress out yourself when you do see declining prices and as you mentioned you do set out a stoploss of 10%? Then its not considered to be a long term hold because anytime that SL of yours would be hit up when the entire market decreases so its be better not to set up and forget that coin for a year then check it once again.