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Author Topic: How long do you hold on a trade.  (Read 3101 times)
Triffin
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December 15, 2019, 11:25:04 AM
 #161

I don't hold on trade for a long time, I buy a coin and I plan to hold it for a long time before I sell. I tried day trading, short term trading, but I had only losses and just few times I made some nice profit, overall I lost a lot of money. It was a lesson for me, after that, I made much more profit with long term trading. Now I just do that, I'm not interested in anything that is short term, it's a huge risk when it's short term, and I don't wish to risk that much anymore.
Day trading does not favor most of the traders since it requires a lot of time with huge attention to the market graphs in order not to skip any suitable time of selling off or buying new coins. Those who are doing day jobs shall not indulge into day trading. Long term trading with big coins like bitcoin, ethereum and etc. shall be their preferences in order to secure some good profits.
We should try to trade for long term because it’s really safe and easy way to earn profit from trading . At the same time we should keep learning both day trading and long term, in day trading you really needs time and those who are already jobians won’t get much time to focus on trading market that’s why it’s better trade for long term and keep bitcoin and ETH in your portfolio.

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December 15, 2019, 12:13:49 PM
 #162

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.
I don't depend on days, weeks or even months in holding my assets. I always look for my profits. Not essentially that I want to have high profits because it is a greed but I am waiting patiently when I know it will grow. But if I have doubt on my TA and execution, I always place a cut off. In trading, we need to wait, think and plan if we want to succeed.



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December 15, 2019, 12:19:33 PM
 #163

As a day traders i'm not holding my orders on a trade longer than 24 hours, but before i'm entering a trade i always determine where i want to buy and where i want to sell. So when my target is not reach in 24 hours i'll leave it no matter win or lose and move to another trades that i already determine before. This is quite works for altcoins with not so big volume.
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December 15, 2019, 12:42:24 PM
 #164

I am still studying and trying to improve my trading, I admit my greatest enemy is greed and I am really disappointed about it but all I can do is to keep on trying because trading is what I want to do and I see myself trading still in the next 5 years of my life.

Such traits do exist in the trade of greed and will be trapped for those of you who want to keep trying to win, but calmly and relaxed you can overcome all they want, especially in technical analysis requires clear thinking and do not let your mind be confused.
Learning from now is a good thing after a few years later maybe you will master everything in trade.

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December 16, 2019, 11:00:09 AM
 #165

i just curious to know if there is any sure way to this trading were by you hold on a trade.
Depend on trade duration. There is different kind of trade like short, middle and long term. Every traders playing different way. For me, if I wanna do short trade or day trade then I do not look for huge profits. Usually 10-20% enough for such as trade. So when a coin reach between that percentage then I sold that coins. If incase start dump my bought coin the usually I sold around 5 to 7% loss and wait to buy on more deep. So perhaps other peoples are doing other way. For middle time I look atleast more than 50% profits usually. So when go around 50% to 100% profit then sold middle terms coins. For long not below  3x to 10x profits. So you have to decide bu yourself how you wanna trade your coins. Because every single person have their own strategy.
Really? 10% to 20% a day? You must be rich by now if you did it perfectly everyday lol but I'm sure there ups and down... things went unexpectedly that makes your 10% or 20% profit gone in just a couple days after or worse within a couple hours.

Realistically I do scalping with 5% profit target at tops in a day, 10% profit average in a week and 20% profit monthly at the best performance.
But you know trading without good management (risk,money, time management etc) you'll never ended with profit.

That's why I prefer low realistic profit target instead a big one but busted in the end.


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December 16, 2019, 11:36:48 AM
 #166

I was in this situation when I was new in stock trading. whenever i buy any stock it start falling down and when I sale it that stock start moving up. With time I came to know that market ( more precisely tycoons controlling the market) testing our nerves, they kick us out of the market and buy everything at dip and start selling. We the new comers at that moment tart buying.

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December 16, 2019, 11:44:32 AM
 #167

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.
actually logic is only one for you to profit in trading "don't sell at low prices".. when the assets you buy go down, hold on until the price goes up,
don't mind the time, because that could be the next 2 to 5 years (increase in the value of your assets).  This is just my suggestion because until now I still HODL some crypto assets which decrease in value right now.

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December 16, 2019, 08:43:29 PM
 #168

i just curious to know if there is any sure way to this trading were by you hold on a trade.
Depend on trade duration. There is different kind of trade like short, middle and long term. Every traders playing different way. For me, if I wanna do short trade or day trade then I do not look for huge profits. Usually 10-20% enough for such as trade. So when a coin reach between that percentage then I sold that coins. If incase start dump my bought coin the usually I sold around 5 to 7% loss and wait to buy on more deep. So perhaps other peoples are doing other way. For middle time I look atleast more than 50% profits usually. So when go around 50% to 100% profit then sold middle terms coins. For long not below  3x to 10x profits. So you have to decide bu yourself how you wanna trade your coins. Because every single person have their own strategy.
Really? 10% to 20% a day? You must be rich by now if you did it perfectly everyday lol but I'm sure there ups and down... things went unexpectedly that makes your 10% or 20% profit gone in just a couple days after or worse within a couple hours.

Realistically I do scalping with 5% profit target at tops in a day, 10% profit average in a week and 20% profit monthly at the best performance.
But you know trading without good management (risk,money, time management etc) you'll never ended with profit.

That's why I prefer low realistic profit target instead a big one but busted in the end.


Market can be change and it will rise or fall but we should not take any decision in hurry as we should try to buy some coins at falling price and just store better not to make hurry for selling your coins. It must be future regret to sell your coins just for miner profit, trading needs allot of patience and Self Control to give trading a real profit.

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December 17, 2019, 12:10:55 PM
 #169

We all know it was difficult for a novice or newbie in come in trading, We always experience some mistake and losing profit in trading.
So in the start we enter in trading we need to know if we encounter some problem we accepted if already. Actually not only you experience like that even if the professional in trading they also make them mistake and regret after they remove some coins they put it already in the exchange site and later going higher up.

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December 17, 2019, 01:54:56 PM
 #170

We all know it was difficult for a novice or newbie in come in trading, We always experience some mistake and losing profit in trading.
So in the start we enter in trading we need to know if we encounter some problem we accepted if already. Actually not only you experience like that even if the professional in trading they also make them mistake and regret after they remove some coins they put it already in the exchange site and later going higher up.
Experienced trader making mistakes is a sign of healthy market, why? Coz it is simply shows that the market is very unpredictable which surfaced the trading in a flat standard. But beginners tends to commit mistakes in trading more often obviously they are new but they should have researched what they are entering since it is very hard to perform a move when you do not know when and where to land your feet.

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December 18, 2019, 08:58:32 AM
 #171

We all know it was difficult for a novice or newbie in come in trading, We always experience some mistake and losing profit in trading.
So in the start we enter in trading we need to know if we encounter some problem we accepted if already. Actually not only you experience like that even if the professional in trading they also make them mistake and regret after they remove some coins they put it already in the exchange site and later going higher up.
Experienced trader making mistakes is a sign of healthy market, why? Coz it is simply shows that the market is very unpredictable which surfaced the trading in a flat standard. But beginners tends to commit mistakes in trading more often obviously they are new but they should have researched what they are entering since it is very hard to perform a move when you do not know when and where to land your feet.

You'll never know. Perhaps whales are just keeping quiet all these times, watching how we little fishes react. Unpredictable, yes, but if these people decide to move the market, they can. And there are times when they do it on a whim without any real reasons. We on the other hand, would have to make decisions that has insignificant effect on the market. Our losses would be entirely personal.

 
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December 18, 2019, 11:27:44 AM
 #172

no one knows for sure but if you believe in the potential of a coin that you hold, or you hear good news about the coin, then that could be your chance.
You have to make a decision or you will lose more.
Most people are holding and dont make the point when to sell (cutlose).

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Asmonist
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December 18, 2019, 01:33:26 PM
 #173

I hold on trade until I got my bid price. It really takes a lot of patience in trading. Time and price are the main factors to consider. It will also depends on your needs. If you think you needed the profit now then you must sell it. Otherwise, you will wait for the best price or the bid price you set. For me, it may take long but with the bid price or sell it days after to get smaller profits and trade it again.

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December 19, 2019, 01:13:29 AM
 #174

It all depends on the time frame, no? That is few days for a couple of weeks for me trading @ 4H charts mostly.
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December 19, 2019, 07:00:10 AM
 #175

Depend with how long I got much profit when trading, maybe I hold about one day when raised profit based on my target I will sell and many time I have keep waiting more than one month to sell because have hold waiting until price back to higher, all coin hold right now have pass one month because price have down with bitcoin still with lower price and I keep waiting how long altcoin back to higher price.

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December 20, 2019, 08:16:08 AM
 #176

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.

Fear & Greed Index.

I agree with you because it can be very difficult for these new and young traders to do business because they come with more labor and they cannot afford to stay longer because of their greed. This is why the business has to be objective and keep a business in place for a long time. Then it is sure to succeed.

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December 20, 2019, 09:10:54 AM
 #177

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 was hard for me to understand at first but I suggest creating a strategy and plan that allows you to know when you'll exit with profit or with loss before executing the trade. It does not matter how long your trade takes. time is arbitrary and you don't control the market. set up a trade and wait for it to either hit your take profit or stop loss. sometimes the move you expect takes 10 minutes sometimes it takes 10 days or 10 weeks. If you don't have patience you are going to have a bad time.
As a trader, I personally wait for the market to fluctuates before I make a trade though it takes a lot of time I do still wait for it. In this kind of market, patience is the key because you will never know what and when the markets make a move. Having a strategy or plan upon your trade would be the best to do in this kind of work. Besides, as a trader you are ought to monitor the market or have a notification about the market.
I'm a day trader and I have holding period of just 5 days. I do not hold for a long time because for me it is wasting of time. If my trade did not materialize then I will let go the coins that I have and I will find another coin that I can trade. There are a lot of opportunities in market and why I will let myself to hold a coin that can make my portfolio have a losses.
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December 20, 2019, 10:41:35 AM
 #178

I hate with holding when trading or investing because holding is bad way to get much lost and we have waiting more than one year for getting back our money and get profit, I think best way for cut loss because we can recovery with how much loss before and get profit with investing in other altcoin, I don't have option for holding altcoin in long time.
ene1980
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December 20, 2019, 11:36:49 AM
 #179

actually logic is only one for you to profit in trading "don't sell at low prices".. when the assets you buy go down, hold on until the price goes up,
don't mind the time, because that could be the next 2 to 5 years (increase in the value of your assets).  This is just my suggestion because until now I still HODL some crypto assets which decrease in value right now.
The problem here is that majority of the tokens have gone down when the bear market started and majority of the projects went offline and probably will not return and that is the biggest hurdle when it comes to HODL in the long term of uncertain projects, i would support full on holding the real assets as the possibility to rise in the future is high but that is not the case with token projects, the investors who were able to sell off at the right time even without much profit made the right decision in my opinion.
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December 20, 2019, 12:50:55 PM
 #180

I'm a day trader and I have holding period of just 5 days. I do not hold for a long time because for me it is wasting of time. If my trade did not materialize then I will let go the coins that I have and I will find another coin that I can trade. There are a lot of opportunities in market and why I will let myself to hold a coin that can make my portfolio have a losses.
You also need to look at how fundamentals work, if the trend is still developing, then prices will continue to move to the highest limit due to matters related to partnership schedules, mainnet and other important matters. usually continues for one month until deadline ends, if you hold patiently will get the best profit, such as chainlink and WPR a few months ago, orders can also be done ladder by ladder so as not to get stuck with a changing trend.
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