D3m1r4wanti
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May 08, 2018, 07:52:15 AM |
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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 think it would be better if both of you run, holding for long-term investments and trading for short-term investments. so that when you experience a loss of one of these ways you still benefit from other ways
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willybacem
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May 08, 2018, 08:30:58 AM |
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If I prefer trading profits daily, so every day I sell coins which I think has great potential and that very day I'll sell when the price goes up. But if prices drop I hold first. And you should have the strategy in trading.
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lovenlifelarge
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May 08, 2018, 01:05:36 PM |
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there are lots of strategies shared in this thread, might as well compile it and test it for better and practical experience. we should have thread for this, anyone willing to moderate it?
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catapult
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May 08, 2018, 01:50:31 PM |
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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 think the best strategy in crypto is know when to trade and when to stop. You should follow the prices continuously and make your own decision between continue trading and holding.
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Alex077
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May 08, 2018, 03:27:20 PM |
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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
If you wouldn't enter the market often and at the same time you don't know what to do in case of a 10% drop, here is a simple solution: you need to buy a good altcoin from the top 10 by capitalization. Buy it at the right time - this the beginning of the year until the end of April and then you can check the situation on the market once a month, you will have a great profit in December, in any case.
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angaper
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May 17, 2018, 08:57:51 PM |
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In fact I do not understand the urgency of many new traders to try to make a profit on a daily basis, when the current market conditions no longer seem good enough for it as it was previously.
I even get the impression that many so-called traders feel so much pressure to generate profits every day that they feel compelled to force interpretations in their graphics, entering the market without a clear idea and eventually causing a continuous fall in their capital due to their imprecise analysis. That's why I think that entering the market once a week is an excellent medium-term strategy.
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chickenado
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May 17, 2018, 10:29:30 PM |
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In fact I do not understand the urgency of many new traders to try to make a profit on a daily basis, when the current market conditions no longer seem good enough for it as it was previously.
I even get the impression that many so-called traders feel so much pressure to generate profits every day that they feel compelled to force interpretations in their graphics, entering the market without a clear idea and eventually causing a continuous fall in their capital due to their imprecise analysis. That's why I think that entering the market once a week is an excellent medium-term strategy.
Maybe that's a good strategy, and for me a good strategy is you should hold your coins and avoid entering the market like doing day trading. It may hamper the price value to pump, and in order for us to help our coins to grow more often we need to stay calm and don't sell early.
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anti-scam
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COINECT
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May 17, 2018, 10:33:40 PM |
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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 think it would be better if both of you run, holding for long-term investments and trading for short-term investments. so that when you experience a loss of one of these ways you still benefit from other ways Daily and long term trades are very different, and daily trading is more dangerous if it does not recognize the type of coin held. Short trades can only be done by a certain person, a professional trader who has a strong analysis. Long term is more feasible for beginner traders, and do not take big risks.
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johnsaributua
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May 17, 2018, 10:34:24 PM |
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yes, I think that trading would be better. take advantage of the rise and fall of prices to get a profit even in small amounts, I think this is better than silent without profit.
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crzy
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May 17, 2018, 10:36:27 PM |
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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 think the best strategy in crypto is know when to trade and when to stop. You should follow the prices continuously and make your own decision between continue trading and holding. When the price hits your target price while holding either to take profit or to cut loses, that's actually trading. There is no best strategies here in this market the best thing that you can do is to creat a goal and commit on that no matter what happen you must work on it.
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goaldigger
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May 17, 2018, 10:42:54 PM |
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A long term holding has a low risk of lowered value. Sometimes you dont need to trade it and just look on the charts whenever you want. If you want to trade occassionally then its all upto you. You can trade even it profits or doesnt make any changes on value. I think this is what you called , inactive trading.
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NorihiroName
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May 17, 2018, 11:34:04 PM |
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that's a decent strategy, why not? As for me - it's the only way to keep up with good portfolio, because hodling everything is not so good at all.
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winterland
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May 18, 2018, 03:52:12 AM |
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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
That hybrid approach may seem like a good idea however you need to decide do you want to be an investor or do you want to be a trader, you cannot really be both especially with the strategy that you are choosing, one way to do both is to designate a certain amount of money to invest for the long term and to designate the rest to trade, but that is not what you're proposing.
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kiw_91
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May 18, 2018, 05:00:15 AM |
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People here seem to be against day trading. But whats the issue with buying a relatively stable currency (Bitcoin, Ethereum, etc) and just buying large quantities on the -5% to -20% days and selling on the same or next or couple of days leter when it hits +5% to +20% days.
Sure coins like Cardano and Ripple, while still big can drop and stay there as we've seen. But big old coins like ETH typically don't fluctuate all that much and consistently rise over time.
Looking at the 3 month trend of ETH, you really couldn't have lost this way.
Personally I don't do this because it would; A. Be stressful; B. Require a large initial investment or you'd be making only $10-$40 every few days, and; C. Taxation would be quite chaotic.
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bellaayu
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May 18, 2018, 07:46:05 AM |
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One way maybe you should be able to take a decision on this, you can become a trader. Because you can monitor the market prices every day and you can buy coins. By buying your coins you can take advantage of every day. But you have to be careful everyone will buy coins. You should consider the potential growth, chart the rise and fall
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joelsamuya
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https://emirex.com
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May 18, 2018, 08:30:37 AM |
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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 would really much depend on your risk management profile, if you think you would loss a lot by not trading it, then a cutloss is possible, but if you think there is a good development on the project later on, and if you believe on the project then holding is the key to financial success. Trading is good as long as you can manage your profit and loss ratio., and it would depend on us, on how we can manage on it, we have different strategies on how to deal with it. Trading is applying all strategies learned by ourselves. Goodluck
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Farma
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Leading Crypto Sports Betting & Casino Platform
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May 18, 2018, 08:41:47 AM |
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One way maybe you should be able to take a decision on this, you can become a trader. Because you can monitor the market prices every day and you can buy coins. By buying your coins you can take advantage of every day. But you have to be careful everyone will buy coins. You should consider the potential growth, chart the rise and fall
in fact, so many people have already done this. they try to reproduce the stock of coins they have for their needs. yeah, it really works when you sell your coins in expensive prices and buy back at a low price.
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light22man
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May 18, 2018, 09:59:38 AM |
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I think you can't mix your longterm investment deposit with trading deposit because there are two different strategies. For long-term investment, short loss of 30% percent can be not such significant for the long term. But in trading, it's not allowed.
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clawdiw
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May 22, 2018, 11:06:46 PM |
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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 really want us to predict the future, haha:)) Man, it depends a lot on the token and the time at which is it at this very moment. Some new coin that just got listed may encounter higher fluctuations (such as Ontology or Wanchain) than the ones that have a history behind and already had their massive growth (let's say, NEO). Even though, nothing is for sure. It depends a lot of what is the exact outcome of your investments: 1) to have the maximum gains possible? >>> in theory, to day trade. To keep up with all the news, rumours, to speculate a lot, to try to predict the future in a certain way. The perfect scenario: to sell at the highest price at the moment (before it starts dipping) and to buy at the lowest dip (before it starts growing) - which is actually, impossible. Only if you are a whale you could create that scenario, but even though you'll never be sure that it will come out the way it was planned. 2) to have a lot of time to enjoy life by investing in a coin and not looking at all. In this case you would do what Cedric Dahl, a great youtuber with strong connections in the crypto space is doing: saving his "brain juice" in order to enjoy life more and have a clearer mind for searching that 1000X ICO. He says that day trading is the worst thing to do as is sucks a lot of your energy and is in a certain manner a gambling that it does not work all the time. Your strategy is to not loose more than 10% at maximum. Alright. In that case you would like to know that your sell option has been used, right? Blockfolio can inform you when a price drops under a certain value. The worst case here is to fall bellow your limit of 10% and then to grow way higher then the price you sold at before you manage to buy it right back at a lower price. Would you accept that? If your ok with that "risk" (which is actually losing the "train") then go for it. I would go with the following idea: I found a great way of "trading" passively, let's say. That is balancing. Check out this article: https://hackernoon.com/portfolio-rebalancing-for-cryptocurrency-7a129a968ff4Hope it helps you
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ananas99
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May 23, 2018, 05:46:25 AM |
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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.
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