Day trade Vs HODL - page 34. | Bitcointalksearch.org

MonsterV

legendary

Activity: 2212

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Quote from: Sanjeewa101 on June 19, 2018, 12:59:23 PM

What is your recommendation for Crypto trading, Day trading or HODL
Experience in crypto trading big loser or winner

Trading requires not only market analysis skills, but also requires patience and thoroughness, very fast price movements occur only brackets within minutes the price can go up and can go down. Most importantly patient and meticulous.

neocryptrix

member

Activity: 89

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Committing to day trading is a full time job. It's also a very emotional job. I have found that day trading leads me to neglect other aspects of my life that I value. Not to say that I don't do it. I do, but it just comes at a cost, primarily to family. i have set limits with the amount of time that I allow myself to do this. And, what's most often the case, I choose to take long positions on coins for days to weeks, before selling at target levels rather than trying to micro manage every fluctuation of the market, which I have found leads to more emotional, less effective trading.

buivanquan22

newbie

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Quote from: Sanjeewa101 on June 19, 2018, 12:59:23 PM

What is your recommendation for Crypto trading, Day trading or HODL
Experience in crypto trading big loser or winner

Daily trading is too time consuming for me, not to mention that you do not have a real understanding of technical analysis, will lead to loss of money. I recommend hold long, this will bring higher profits.

Viscore

hero member

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Live with peace and enjoy life!

Quote from: Sanjeewa101 on June 19, 2018, 12:59:23 PM

What is your recommendation for Crypto trading, Day trading or HODL
Experience in crypto trading big loser or winner

We can't commit that we always win, it sometimes we loss also. For the situation that we have, it is better to buy and hold. Selling is a bad idea, though the reason to save from losing too much but it won't make help for it's recovery. Manage to control our emotions and let this bearish market pass by, sunrise will soon to come.

psychie

newbie

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If you are beginner in the crypto world iI would suggest you to hold a potential coins because daily trading is very risky work and need enough time and skills in reading and analyzing the chart, candles and market.

Palmond

newbie

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For us to hold and we do the tranding in a good way, we benefit in the long run and short term, because bitcoin prices are always increasing every day, with us trading in alt according to our easy earnings in a short time.

SinisterS

newbie

Activity: 40

Merit: 0

I say hold, but with a mixture of both. As be patient as if you were fishing and just wait for the right time to sell. And when that time comes, just wait for the right time to buy again, which could be days, weeks, months. That seems to make the most sense to me.

aardvark15

hero member

Activity: 1008

Merit: 510

Quote from: Sanjeewa101 on June 19, 2018, 12:59:23 PM

What is your recommendation for Crypto trading, Day trading or HODL
Experience in crypto trading big loser or winner

Day trading takes a lot of work reasearching charts and coins and a lot of time. You can make it work but you have to know what you are doing. For the average person, it’s probably not worth all the work to do day trading. You can probably do just as well if not better by holding long term and you don’t have to spend a lot of time following the charts.

radjie

sr. member

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taking the decision to hold a coin for a long period of time can minimize the risk of loss, but it all depends on the type of coin we will choose. if we expect to get a faster profit should take a way to do day trading. but if we do daily trading as much as possible should always monitor the movement of market prices in order to read the movement of coins that we trade.

Choii

full member

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Quote from: Sanjeewa101 on June 19, 2018, 12:59:23 PM

What is your recommendation for Crypto trading, Day trading or HODL
Experience in crypto trading big loser or winner

As of now i prefer to choose Hodl than day trading because i don't really know how to read the candlestick and Technical Analysis, but now i starting to do some reaserch on how to read 'cause i want to become a trader someday.

peter_coin

newbie

Activity: 92

Merit: 0

Quote from: Rana590 on June 19, 2018, 01:09:07 PM

It is different for different minded people. I prefer holding than day trading. Day trading has more risk than holding. Holding is more safe and profitable.

I don't do day trade, I am a holder like you, but holding also has alot of risk. In my own habit of holding I have learnt very tough lessons. I think it's best to have a trading pattern that suits your immediate needs.

richardsNY

legendary

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Merit: 1091

Quote from: uncleduckerr on June 20, 2018, 03:03:29 PM

I prefer the hodl method, although that has hurt me very much lately.

It shouldn't hurt if you play it smart. If you liquidate 10% of your cold wallet(s) during a strong rally, you can almost be sure to buy back at levels significantly lower than where you sold at. It allows you to benefit from this market's fluctuations, but without exposing yourself to the risks associated with short term trading. Not acting at all is fine, but for me personally it's a wasted opportunity that this market from time to time offers. There will be a time where the fluctuations aren't as severe as they have been for years, and thus the opportunities will become rarer and less rewarding overall. It's up to you in the end....

captaincomet

full member

Activity: 420

Merit: 100

You have way more options than those two. You can swing trade or position trade. I'd recomend to study more, there are a lot of good free info out there.

CryptoGuro1

jr. member

Activity: 252

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“The Protocol for the Audience Economy”

I got burned on day trading so many times that i do not recommend it

Vitalang LLC

copper member

Activity: 70

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Optimal desicion is to keep part for long term (hodl) and other part for day trading. Day trading strategy demands to spend some time every day.
And everybody has his own trading/investment strategy.

uncleduckerr

full member

Activity: 202

Merit: 100

I prefer the hodl method, although that has hurt me very much lately. Day trading does seem like the better route overall, but if requires much more skill and dedication.

ShineftChaos

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I LOVE ADABS

Quote from: Sanjeewa101 on June 19, 2018, 12:59:23 PM

What is your recommendation for Crypto trading, Day trading or HODL
Experience in crypto trading big loser or winner

Day trading and holding has different different advantage and disadvantages, if you are earning cryptocurrency for your daily needs then daily trading is very profitable but if you are having a day job on the corporate world then i prefer that you focus on one coin that will be really good for long term investment.

darkangel11

legendary

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Don't let others control your BTC -> self custody

Usually if you put a lot of time and effort into an activity it pays off. Sometimes more, sometimes less, but you should gain something eventually. Now, a day trader puts in a lot of time money and nerves and in the end doesn't get much farther than a holder. At least in the growing and developing market like BTC. IMO it's not worth the time and the risk.

HiringYou

sr. member

Activity: 574

Merit: 256

Holding is simple but trading needs some experience and skills.In holding you have to hold your coins in which you have invested until you find the price right for selling.In trading you have to keep a regular check on the highs and lows of the price and sell your coins daily or weekly according to the price.According to the present circumstances one should go for trading if he/she wants to cut his/her loss.This is because regular drops are seen in the price of various coins so at present we are getting nothing by holding our coins.So at present trading is a better option than holding but only if you have enough skills and experience otherwise keep holding.

Sanjeewa101

newbie

Activity: 280

Merit: 0

Quote from: Rana590 on June 19, 2018, 01:09:07 PM

It is different for different minded people. I prefer holding than day trading. Day trading has more risk than holding. Holding is more safe and profitable.

I think risk can be reduced by day trade using long-term holding coins( Good project)

Topic: Day trade Vs HODL - page 34. (Read 4332 times)