I have noticed about swing trading, you do not have to watch the chart all the time, you do not have to wake up at night to see if you are making profit already, it is not stressful, not causing emotional stress
These is true if you are swing traders you don't need so much time to monitor your trade because sometimes it takes days or weeks before you can reach your target profit.
and lastly it depends on the situation of the growth rate of your coin if its all accurate based on your speculation. I mean if you don't see any negative sign its all fine to hold..
The market increase and decrease in the two directions, this is the chance that most swing traders are having, they can be losing for long, the market will correct back and they will gain.
Yhup most trades when it comes swing trading has not good results at first, but after all you still can win because market makes correction based of the structure of the market and keep following the real trend in the graph.
1x is good for swing trading but to what leverage can you go for swing trading in an extreme volatile market that has never resulted to liquidation of your trading asset? Your replies should be what you have been experiencing in swing trading and not just what you think.
Or better to just hold with $1000?
Actually if you're using leverage it depends which for you is good to use. I mean if you are really comfortable in your strategy i would say even higher leverage is good to use especially if you have good risk management it will be fine.
However if you don't have trust on your strategy, i think much better to rely with 1x and don't try your luck with higher leverage to prevent massive losses.