Eternad
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January 18, 2020, 09:50:49 AM |
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Usually, I hold for 6 months, sometimes longer. Also, from time to time I can enter the market after 3-4 months of waiting. It depends.
I also hold my business for 6 months or 12 months Because I like to trade long-term because I find it annoying to trade every day When it comes to market conditions no one can say it always comes up with a name. That's why long-term trade is good. while it is considered good, make sure your investment is still active. Some altcoins tend to have no value now or some do changed their project or did exit scam. Unlike in stocks that companies were established and known, crypto is too volatile not just in price but also in the companies situation.
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bitzizzix
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January 18, 2020, 09:57:56 AM |
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Currently I don't hold my trades for a long term period because I'm not aiming for x2 profit or more. I just want to make some short trades to earn few money for a daily basis, In trading you need patience and to not lose your control and make bad decisions, you should trust what you're doing.
You should trust your own judgment to make sure that you won't regret any decision that you made. Doing some short term trades also have good potentials as there's time where the market have quick movement, positioning your buy and sell in the right place and time gives you decent profits, keep repeating the cycle and it will be enough for you. Yes, sometimes a decision that you think is good does not always bring good luck because the market can change significantly and the market can reverse the situation suddenly due to fluctuations. the most important thing is you buy and sell at the right time and take advantage of opportunities well when the market goes up and don't expect too much that the market will continue to go up because there are times when the market will go down and you have to make wise decisions, the most important thing is you sell at a position favorable price at the price you bought before.
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rekinthis
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January 18, 2020, 11:47:59 PM |
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There is time for your endurance to be checked in the trading as there are periods when the coin is not increasing but decreasing. But the good thing about that is that you have to commit to your target price and don't cancel what you've already planned, because if you still follow it, the success will be yours, just like what happens to the trader who invests when the crypto started, most of them are millionaires and some of them are billionaires. Keep until your price reaches, and don't be impatient to get a huge win.
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angryswamp
Sr. Member
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January 19, 2020, 12:24:36 AM |
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Choose a price that may be chosen before its price is too high so that when it goes down you can still buy the BTC that you sold when it dips again. If you're not that patient, choosing a daily chart isn't the best option. Choose the hourly time frame and, with very little flexibility, that suits the dealer, both of you and they go there.
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KnightElite
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January 19, 2020, 02:48:01 AM |
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There is time for your endurance to be checked in the trading as there are periods when the coin is not increasing but decreasing. But the good thing about that is that you have to commit to your target price and don't cancel what you've already planned, because if you still follow it, the success will be yours, just like what happens to the trader who invests when the crypto started, most of them are millionaires and some of them are billionaires. Keep until your price reaches, and don't be impatient to get a huge win.
But sometimes even if we have patience or endurance we will still fail in trading. Our expectation is not always in our side and that is why there is no guarantee that we are always going to win in trading. Before I trade a coin, I always make sure that I have bias where my trading setups are applicable, if I do not see a strategy that I can use in a specific coin then I will search for another coin that is suitable to my skills.
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Karmakid
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January 19, 2020, 05:32:25 AM |
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There is time for your endurance to be checked in the trading as there are periods when the coin is not increasing but decreasing. But the good thing about that is that you have to commit to your target price and don't cancel what you've already planned, because if you still follow it, the success will be yours, just like what happens to the trader who invests when the crypto started, most of them are millionaires and some of them are billionaires. Keep until your price reaches, and don't be impatient to get a huge win.
But sometimes even if we have patience or endurance we will still fail in trading. Our expectation is not always in our side and that is why there is no guarantee that we are always going to win in trading. Before I trade a coin, I always make sure that I have bias where my trading setups are applicable, if I do not see a strategy that I can use in a specific coin then I will search for another coin that is suitable to my skills. That is the reason why patience is not enough in trading. You should learn to be adaptive in every situation, learn the movement or the pattern of the market and try to master the basic chart patterns so you will have an idea if you are going to be patient with your position or you will just cut the losses.
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Webetcoins
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January 19, 2020, 11:01:48 AM |
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I don't trade too often meaning that I am not a daytrader to make small profits on a daily basis as most of the people here do. Thus, I keep a trade for a really long time, especially my longs during the bull market because those can set you up with cash for a little while after the bear market starts. I would say on average I spend around a few months in a trade before exiting it.
I am part of daily traders group. I do small activities here in this market that gives me good benefits. I would suggest it to other students for a good start and financial support. Young people who want to help their families and want to do something beside their studies can use it as a best platform. It serves you in many ways with easy methods, less time and good profits.
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Mumbeeptind1963
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January 19, 2020, 11:58:45 AM |
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I'm not trading for a long time, I'm buying a coin and I'm planning to hold it long before I sell it. I tried day trading, short-term trading, but I only had losses and only a few times I made a nice profit, I lost a lot of money overall. It was a lesson for me after that, with long-term trading, I made a lot more profit. Now I'm just doing that, I'm not involved in anything that's short-term, when it's short-term it's a huge risk, and I don't want to gamble that much anymore. I'm literally just sticking to my strategies
For me, as long as I am trusting the coin that I am holding now, especially these two, bitcoin and xrp, these are the only coins that I am holding and continue to hold, maybe I will sell XRP first by June if XRP will reach my target price which is @4000-$4500 ,and I will sell bitcoin right after halving because I expected that bitcoin will go ATH in that event.
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Clairvoyance
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Perceiving events in the future and beyond
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January 19, 2020, 02:09:00 PM |
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i just curious to know if there is any sure way to this trading were by you hold on a trade.
The trade itself is a risk. There are no sure way or guaranteed profit every time you trade but you can minimize your trade errors by analyzing the charts, reading updates and learning from your mistakes. Whether to hold, sell or buy the decision is ultimately yours. Always remember, trade only with the money you can afford to lose.
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bitbunnny
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January 19, 2020, 08:17:02 PM |
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i just curious to know if there is any sure way to this trading were by you hold on a trade.
The trade itself is a risk. There are no sure way or guaranteed profit every time you trade but you can minimize your trade errors by analyzing the charts, reading updates and learning from your mistakes. Whether to hold, sell or buy the decision is ultimately yours. Always remember, trade only with the money you can afford to lose.That exactly is often a problem. People think there is a formula to get Bitcoin profil and to get it all the time. Of course that is not possible and you always have to count on certain level of risk. The longer you are involved in trading the more skills you have and you know how to mitigate the risk but there is no way to completely avoid it. Even very experienced traders suffer losses but the point is to know how to recover and to always have a back up strategy.
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purebitco
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January 19, 2020, 10:08:07 PM |
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I have an average of like five holding days, I'm a day trader, and if my coin fails to reach my target selling price in five trading days, I'll sell it or if the price reaches my reduced loss limit. I don't want to keep it anymore because I know the market still has coins that can make me a boost. I'm a sort of trader that doesn't suit me to keep for a long time.
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DevilSlayer
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January 20, 2020, 01:12:07 PM |
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I have an average of like five holding days, I'm a day trader, and if my coin fails to reach my target selling price in five trading days, I'll sell it or if the price reaches my reduced loss limit. I don't want to keep it anymore because I know the market still has coins that can make me a boost. I'm a sort of trader that doesn't suit me to keep for a long time.
I have also have a average of 5 holding period but still sometimes the strategy that I am using is depends on the currrnt situation in the market. I will not sell my position if the coin that I have is still have high momentum where its price is still increasing. I do not hold for months because I'm not a patient trader and I used to trade in just short period of time.
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arimamib
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January 20, 2020, 01:29:12 PM |
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I have an average of like five holding days, I'm a day trader, and if my coin fails to reach my target selling price in five trading days, I'll sell it or if the price reaches my reduced loss limit. I don't want to keep it anymore because I know the market still has coins that can make me a boost. I'm a sort of trader that doesn't suit me to keep for a long time.
I have also have a average of 5 holding period but still sometimes the strategy that I am using is depends on the currrnt situation in the market. I will not sell my position if the coin that I have is still have high momentum where its price is still increasing. I do not hold for months because I'm not a patient trader and I used to trade in just short period of time. I have a feeling it would be better for daily trading if we could do it although the benefits are small but they can circulate, because to do long-term hold must have a high level of patience. Because if you can't do this then the investment can be messy because of the emotional conditions that exist
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Divinespark
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January 20, 2020, 01:35:50 PM |
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Depending on the situation of the market, I don't have the exact time for each trade. Usually I will keep them for 3-5 days for the positive market, or I will keep them for 2-3 weeks or longer if the market is sideways or going down. If you set a fixed time limit for every order when trading, then surely you will not be flexible and can not earn profits.
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Gheka
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January 20, 2020, 02:01:17 PM |
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Depending on the situation of the market, I don't have the exact time for each trade. Usually I will keep them for 3-5 days for the positive market, or I will keep them for 2-3 weeks or longer if the market is sideways or going down. If you set a fixed time limit for every order when trading, then surely you will not be flexible and can not earn profits.
Indeed, in order to achieve success in trading, our patience and making ourselves more flexible in the market is necessary, especially when this market does not have a rule for pumps and dump, with such an environment, a fixation only makes us in a state of deadlock and misses so many opportunities, so do not set any time for trading and holding. The goal we need here is to optimize profits and increase win rates, we don't need to compete with anyone to win and time is not our pressure, being comfortable and going in the right direction is what we need
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Fatunad
Sr. Member
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January 20, 2020, 02:04:40 PM |
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Depending on the situation of the market, I don't have the exact time for each trade. Usually I will keep them for 3-5 days for the positive market, or I will keep them for 2-3 weeks or longer if the market is sideways or going down. If you set a fixed time limit for every order when trading, then surely you will not be flexible and can not earn profits.
What you said es actually a good example. Setting time limit for your holdings doesn't make any sense. It must be set as a price target no matter how soon or how long it is to wait as long as your mindset is to secure good and satisfying return because no one will never when will be the next price increase or price decrease.
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Captain Corporate
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January 20, 2020, 02:58:29 PM |
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As long as I don't need money. I know thats not "trading" but usually price doesn't change that drastically for me to either sell or buy. For example I sold around 19k times and got my money out because I feared it was too high to sustain and I was right, something "that" marginal would make me sell, at around 3.5k levels I thought about selling as well but I got a big amount of money somewhere just at the same time (not crypto related, personal life happiness) and I just let the bitcoin sit since I just got a good chunk of money somewhere else, by the time that money dried up, bitcoin was back on 10k levels yet again so I didn't felt like selling anymore. So unless there is like a %100+ increase or a %80+ drop, I don't really consider buying or selling.
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bitzizzix
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January 20, 2020, 05:02:14 PM |
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I personally all depend on the market situation, and if the market is low or a downward trend I will hold it back until the market recovers and rises to sell it in favorable conditions. and if the market tends to go up or is stable I will only hold it for a few weeks to make a sale, and stay in a favorable condition.
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drlukacs
Sr. Member
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January 20, 2020, 06:01:38 PM |
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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 think it's a matter of discipline and confidence. because I used to be like you, when I was profitable I closed very early but when I lost I kept it for a long time. It's a bad habit that any trader has to quit. So the problem is to help us keep the profit order longer? The best way is to convince yourself. If you yourself are confident with this open order then you just need to follow the plan. for example, when the price has increased by about 7%, you will set a stop loss at 4%. so when prices are reversed, you still make a profit, and if the price goes up, the profits increase. I usually use this strategy and it's quite effective.
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Kevondo
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January 21, 2020, 03:26:16 PM |
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Depending on the situation of the market, I don't have the exact time for each trade. Usually I will keep them for 3-5 days for the positive market, or I will keep them for 2-3 weeks or longer if the market is sideways or going down. If you set a fixed time limit for every order when trading, then surely you will not be flexible and can not earn profits.
Holding on a trade is dependent upon the market prices of the coins. If the coin that you are currently investing into is not having much value in the digital world, then obviously you will not hold on to it even for a day. Mostly people spend more time for bitcoin trading because its price is much more reliable to gain profits.
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