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Author Topic: How long do you hold on a trade.  (Read 3145 times)
Goodvalony (OP)
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November 24, 2019, 11:21:20 AM
 #1

trading has been a difficult process for novices and minor traders. it could be tempting most times if you dont understand the market movement and TA. you might loose patience and cancel out a trade you might regret later. i have cancel out many trades that later ended up in huge profits. i have also cancel some successfully. i just curious to know if there is any sure way to this trading were by you hold on a trade.
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November 24, 2019, 11:35:50 AM
 #2

trading has been a difficult process for novices and minor traders. it could be tempting most times if you dont understand the market movement and TA. you might loose patience and cancel out a trade you might regret later. i have cancel out many trades that later ended up in huge profits. i have also cancel some successfully. i just curious to know if there is any sure way to this trading were by you hold on a trade.

It's very long process if you are a newbie and if you do a short cut chances to lose is huge so better understand the situation,fundamentals and other things in tradings there are youtube videos,blogs and etc to help you out and learn from it. But in my case I'm actually not into long term holding since I actually suffer from huge loss when markets falls down that's why my current strategy right now is spot the lowest and sell for certain percentage to earn daily.

Don't aim for x2 or more since it's impossible for now and always get the profit whenever you are on winning trade.

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November 24, 2019, 12:18:16 PM
 #3

It completely depends on the trader, really. Since I'm mostly a mid-long term trader, I've held on a couple of trades for like half a year in the past, with varying results.

i have cancel out many trades that later ended up in huge profits. i have also cancel some successfully.
Hindsight is 20/20. While it's mostly not recommended to trade using your emotions(fomo, panic selling, etc). Sometimes, these types of trades actually ends you up in a better position. If you made a good trade, great! If you made a bad trade, suck it up and move on from it. Just do your best to earn it back, patiently. Not in a yolo trade that could potentially earn you back everything.

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November 24, 2019, 12:33:23 PM
 #4

trading has been a difficult process for novices and minor traders. it could be tempting most times if you dont understand the market movement and TA. you might loose patience and cancel out a trade you might regret later. i have cancel out many trades that later ended up in huge profits. i have also cancel some successfully. i just curious to know if there is any sure way to this trading were by you hold on a trade.

In every position you place, you must have a stop-loss set. That will close your trade if you are losing too much. Depending on your risk allowance, you can set it in a higher or lower percentage but it should always be set. Some platforms offer it automatically but in others, you have to manually close your trades. If you are afraid that you may be closing successful trade in the future, think that the opposite can also be true and that you are managing your losses. You can always open a new position once your TA shows that the trend is reversing.
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November 24, 2019, 12:40:40 PM
 #5

trading has been a difficult process for novices and minor traders. it could be tempting most times if you dont understand the market movement and TA. you might loose patience and cancel out a trade you might regret later. i have cancel out many trades that later ended up in huge profits. i have also cancel some successfully. i just curious to know if there is any sure way to this trading were by you hold on a trade.


Cancel transactions is fine but I'm sure there's tool we call stop loss that you must set before enter the market. Patient is about discipline, follow your rules. Try to set your stop loss and take profit point and don't do anything until reached. Try it and I believe you'll know trading is not easy.

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November 24, 2019, 12:44:09 PM
 #6

trading has been a difficult process for novices and minor traders. it could be tempting most times if you dont understand the market movement and TA. you might loose patience and cancel out a trade you might regret later. i have cancel out many trades that later ended up in huge profits. i have also cancel some successfully. i just curious to know if there is any sure way to this trading were by you hold on a trade.
You can't make perfect profits from crypto trading, it will change for every second so don't consider yourself as loser if you made less profits due to exiting earlier just cherish that you made some profits and continue to make more profitable trades and sum up all the profits to hold something bigger.

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November 24, 2019, 12:52:14 PM
 #7

trading has been a difficult process for novices and minor traders. it could be tempting most times if you dont understand the market movement and TA. you might loose patience and cancel out a trade you might regret later. i have cancel out many trades that later ended up in huge profits. i have also cancel some successfully. i just curious to know if there is any sure way to this trading were by you hold on a trade.
it depends on market situation.Because I actually don't see the usd price of coin.I see the btc price.If I am in profit in btc pair then no matter what is usd price.I sell that coin.Sometimes its hard to hold because of dumping.If you see any bad news or any bad movement then Better to sell and wait for dip to buy.Actually I try to trade in this method.

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November 24, 2019, 12:55:39 PM
 #8

I have a some times for a different category to each time i holding the crypto:
  • Short Trade: I can hold the crypto with a few days or just weeks, most of this currency its a shitcoin/token who have a high volatility percentage change it.
  • Medium Trade: I holding the crypto with this method around 2-4 weeks, some crypto can be major coin but some crypto can be a new project but have a good potential growing.
  • Long Trade: This its the last option to holding a major currency like ETH, Bitcoin who needs a long time to grow up again for the price. I hold more than 3-6 months, until now i still holding bitcoin and ethereum waiting to see a good momentum from the market.

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November 24, 2019, 12:56:26 PM
 #9

trading has been a difficult process for novices and minor traders. it could be tempting most times if you dont understand the market movement and TA. you might loose patience and cancel out a trade you might regret later. i have cancel out many trades that later ended up in huge profits. i have also cancel some successfully. i just curious to know if there is any sure way to this trading were by you hold on a trade.
It probably won't take long. For me, I've often to stay my trade in a line for just 2-3 days otherwise, I cancel it if there is no buying.
May it change sometimes depending also on the current trend. Of course, we think also the safety of assurance for ain't get safe if your funds still on the exchanges for too long.
That is very important to know exactly what is buying and selling of a certain coin you want to trade before making a deposit and for it won't take your patience out being in the long wait before we got the satisfying price.
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November 24, 2019, 01:03:53 PM
 #10

trading has been a difficult process for novices and minor traders. it could be tempting most times if you dont understand the market movement and TA. you might loose patience and cancel out a trade you might regret later. i have cancel out many trades that later ended up in huge profits. i have also cancel some successfully. i just curious to know if there is any sure way to this trading were by you hold on a trade.

This is something lots of traders struggle with. They either cancel their orders because they're too scared to take a position, or they pull their stop loss orders because they're scared to realize a loss.

Develop a routine trading plan where you always enter/exit based on certain setups. Commit to a list of trading rules. Here are some ideas: https://www.investopedia.com/articles/trading/10/top-ten-rules-for-trading.asp

I hold trades for weeks or even months at a time. I've had coins in cold storage for several years. Sticking to my trading plan is second nature now, very mechanical, but it took years of training to get there.

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November 24, 2019, 01:24:04 PM
 #11

trading has been a difficult process for novices and minor traders. it could be tempting most times if you dont understand the market movement and TA. you might loose patience and cancel out a trade you might regret later. i have cancel out many trades that later ended up in huge profits. I have also cancel some successfully. i just curious to know if there is any sure way to this trading were by you hold on a trade.

Time series financial data are mostly labeled as "noise data" by the majority of data scientists. In general, professional and institutional investors do have much more information than hobbyist traders do, not surprisingly there is a lot of emphases in the psychological side of the trade for novice and minor traders.

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November 24, 2019, 01:31:50 PM
 #12

In trading, we have to be patient, not panic and discipline, moreover, you are a beginner, a sense of panic is there and cancel all trades, especially with market conditions like this, it is true understanding the market movement of technical analysis in trading, we know to be patient when starting it, buy coins according to You are good at moving forward and don't cancel your transaction. I am sure it is your main capital in long-term trading to hold it.

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November 24, 2019, 01:41:48 PM
 #13

I have a some times for a different category to each time i holding the crypto:
  • Short Trade: I can hold the crypto with a few days or just weeks, most of this currency its a shitcoin/token who have a high volatility percentage change it.
  • Medium Trade: I holding the crypto with this method around 2-4 weeks, some crypto can be major coin but some crypto can be a new project but have a good potential growing.
  • Long Trade: This its the last option to holding a major currency like ETH, Bitcoin who needs a long time to grow up again for the price. I hold more than 3-6 months, until now i still holding bitcoin and ethereum waiting to see a good momentum from the market.

yeah just adding something  long trade sometime 1-3 years i is so long but learning first them start trade many people loss her money when open false trade, it's true trade means always risky but strong analysis make huge profit first learning then trade?

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November 24, 2019, 01:42:24 PM
 #14

If someone is trading based on charts then it depends which TF is he trading. If trade is taken on higher TF like daily or weekly it should be hold for long time depending on target and stoploss, if the same trade is taken on small TFs like 1 hr or lesser, it can be liquidated the same as TP and SL should be lesser as compared to higher TF. For any other analysis. Average holding time for short target should be interaday to few days like 3-4 or 5 days, for long term holding it may be fews to few months and even years.

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November 24, 2019, 01:56:51 PM
 #15

In trading, we have to be patient, not panic and discipline, moreover, you are a beginner, a sense of panic is there and cancel all trades, especially with market conditions like this, it is true understanding the market movement of technical analysis in trading, we know to be patient when starting it, buy coins according to You are good at moving forward and don't cancel your transaction. I am sure it is your main capital in long-term trading to hold it.
this is first key that we must have when we start our trading. if we dont have this key i am sure we will be an ant this market, we could not do anything when market moved againts our direction. moreover this market full of manipulation , extremely moved and contain high risk

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November 24, 2019, 02:10:07 PM
 #16

trading has been a difficult process for novices and minor traders. it could be tempting most times if you dont understand the market movement and TA. you might loose patience and cancel out a trade you might regret later. i have cancel out many trades that later ended up in huge profits. i have also cancel some successfully. i just curious to know if there is any sure way to this trading were by you hold on a trade.

It really depends on your strategy. Some people make quick trades to make a quick profit.  I prefer to make long term trades. What I mean is right now the price of Bitcoin is low so I might buy but I would hold for a year to take a long term capital gain.
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November 24, 2019, 02:42:20 PM
 #17

Theres no shortcut to success. In the end, only you and you would be able to achieve the patience to hold, the ability to wait and see, the ability to read the market. Shortcuts are found here and there but they can only be called guides at the end. You might want to get into hobbies that require patience. E.g. is gundam building, it helps you fortify your mind and is qiote enjoyable as well ngl.

You also gotta discover what kind of trader you want to be, and build yourself up from there.

 
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November 24, 2019, 02:45:25 PM
 #18

There are thing such as stop-loss, in case if you're scared that the price falls down after you buy some alts and also a way to prevent more losses.
I'm more like a day, weekly to monthly trader, since the altcoins that I've bought mostly needs some time to get the profit. It's not much, but it's enough for me.
I don't really do long-term, not for now at least. That is why I'm focusing on taking the profit every other day, minus the losses and the bad days.
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November 24, 2019, 02:45:31 PM
 #19

It doesn't matter how long it is, the most important is the right timing and always checking news that possible effect on bitcoin and those special events that might make either up ow down. For short term trading, it should an hour and for the long term, there's no time frame but it would be better if you can wait a year than daily checking the price graph. Monitor the price chart when you are in day trading and it takes too much time and probably makes you depressed, I think a long time hold is much better.

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AbuBhakar
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November 24, 2019, 02:49:48 PM
 #20

Hold on to the coins that are worth holding like BTC and ETH that have tendency to arise in the future due to their limited supplies. While some coins are only good to trade for short term. Always know the news too that sometimes help in doing day trading. Holding will depends on the project and news whenever I do trade.

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