How long do you hold on a trade. - page 12.

kanayaTabitha

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Quote from: MRY on December 01, 2019, 09:23:55 AM

in trading what is needed is patience, especially with the current market conditions which may be difficult to be able to get a profit, and many may hold for a long time to wait for the right moment to sell

Scalping with bitcoin is quite worth to do right now since the price is still up and down, and many people said it's not the dip yet, it could go lower until 5k and we could take advantages of this moment by doing scalping trade

MRY

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in trading what is needed is patience, especially with the current market conditions which may be difficult to be able to get a profit, and many may hold for a long time to wait for the right moment to sell

Cherylstar86

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Quote from: Goodvalony on November 24, 2019, 06:21:20 AM

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 fell your point mate. Well, as a crypto enthusiasts we are hoping and aiming a huge amount of profit here in crypto currency community but it's not easy as what is thinking by many in which it needs patience and understanding. On my part, it will depends on the target amount but an amount that is not as huge as long it can have a profit. Nevertheless, each of us have different way but much better to have a profit even its a little rather than to be greedy that may lead a huge losses in the end.

Gheka

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Quote from: drlukacs on December 01, 2019, 07:21:43 AM

Quote from: Goodvalony on November 24, 2019, 06:21:20 AM

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 based on your judgment and consistency in trading. I have also tried a strategy of holding orders longer than 1 month and feel very tired but the results are worth it. in order to keep the order for a long time, we should determine before speculating when we should cancel this order and when we should hold it next? And sometimes there will be times when you are frustrated with waiting too long but we need to follow the plan and not make mistakes with what you have set. That personality will make you unbeatable in trading.

Your strategy is creating fatigue and sometimes getting bored waiting because you are setting the wrong goal, more precisely, what you need to set here is profit but no, you are setting about holding time, and this has created you pressure and fatigue. Easier to understand, you should imagine when you are taking the test in sixty minutes, the longer the time you get tired and don't know if your direction is right or wrong while if you set a profit, the sense of time disappears, you don't care about the time you hold, you only care about the percentage of profit you will make, which is your success

Mahanton

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Quote from: drlukacs on December 01, 2019, 07:21:43 AM

Quote from: Goodvalony on November 24, 2019, 06:21:20 AM

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 based on your judgment and consistency in trading. I have also tried a strategy of holding orders longer than 1 month and feel very tired but the results are worth it. in order to keep the order for a long time, we should determine before speculating when we should cancel this order and when we should hold it next? And sometimes there will be times when you are frustrated with waiting too long but we need to follow the plan and not make mistakes with what you have set. That personality will make you unbeatable in trading.

Theres no such thing inevitable but somewhat we can lessen up the risk on losing money.Being patient enough on long term hodling with your position isnt really that easy.
We know that there would be lots of factors that would really affect our positiveness towards our current position specially if the price is way too volatile which can highly
possible affect which might cause for you to change plans along they way instead on holding your foot into the ground.Success for those who wait for the right time but
not all the times yet there were specific situations where you would need to cut loss or jump out in the market immediately.

Taskford

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Quote from: drlukacs on December 01, 2019, 07:21:43 AM

Quote from: Goodvalony on November 24, 2019, 06:21:20 AM

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 based on your judgment and consistency in trading. I have also tried a strategy of holding orders longer than 1 month and feel very tired but the results are worth it. in order to keep the order for a long time, we should determine before speculating when we should cancel this order and when we should hold it next? And sometimes there will be times when you are frustrated with waiting too long but we need to follow the plan and not make mistakes with what you have set. That personality will make you unbeatable in trading.

What altcoins are you holding on?
Maybe you are lucky to hold that coins for long time and earn with it since there are several alts right now are experiencing a huge dump and for that matters the holder are lose more since they are continuously dumping since the current market state is so annoying to see. That's why for me at this moment I do trade my alts whenever I see a good pump and earn with it even in low percentage and luckily the profits I get from doing this trade is consistent and reliable as of this moment.

Beparanf

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Quote from: KnightElite on November 30, 2019, 11:37:42 PM

I'm using technica analysis when I do trading, I'm a day trader and holding coin in a long time is not suitable for me, I have a limit of 4 days and if my bias did not happen I will sell it immediately or if the price falls down in my cut loss price. There are still opportunities in other coin and I will find another coin to switch if my trade plan did not happen.

Im trying to not hold a lot these year since I learned my lesson from last year that almost drained my portfolio. I don't always use analysis just thru news or thru graphs only. It's good to do day trading and try to earn thru our strategy that keep waiting on holding.

Polo7

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I do swing trading
I hold trading usually 24 hours.
Sometimes I hold like few days.

For example: usd/trx yesterday I invested 309 usd When price swings today so I Got 319 usd.

Sometimes I hold Even longer but it all depends.

drlukacs

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Quote from: Goodvalony on November 24, 2019, 06:21:20 AM

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 based on your judgment and consistency in trading. I have also tried a strategy of holding orders longer than 1 month and feel very tired but the results are worth it. in order to keep the order for a long time, we should determine before speculating when we should cancel this order and when we should hold it next? And sometimes there will be times when you are frustrated with waiting too long but we need to follow the plan and not make mistakes with what you have set. That personality will make you unbeatable in trading.

Magkirap

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Quote from: Rosilito on December 01, 2019, 01:06:09 AM

Quote from: Goodvalony on November 24, 2019, 06:21:20 AM

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.

FUD? avoid it, when you know what you are doing. Just do it confidently and smoothly, and always apply discipline and you'll be good. Too bad you felt discourage and avoid pursuing on what you are currently trying to trade.

Anyway here are the things I know that will help you:

Have a plan
Stick with your plan always
Don't invest blindly
Invest what you can afford to lose
Pay attention closely to chart

Those are just few, and self-explanatory categories. Just avoid unnecessary stuff such as self-doubt because remember everything is fine when you knew what you are doing with discipline.

The things you've said are really gonna help traders specially newbies but i think even just sticking with your plan at all times can really help us, the main reason why we lose money in trading is because of lack of patience but if we have a plan and then we're sticking with it at all times then we can always have profit and lessen losses because of greediness or lack of patience.

Lecam

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If i trade in altcoins i didn't hold i will buy when the low price the if see that the price is go high and i have small profit i sell it. But one altcoin i hold that is ether because ether now is cheap i hold some and i will wait the price that i want it to sell. But for now some altcoins i trade it everyday to get a profit then my profit i will buy some ether.

iv4n

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Quote from: Goodvalony on November 24, 2019, 06:21:20 AM

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.

Sometimes even for weeks. I buy and sell in stages, I never dump entire amount, or I buy with all the money I have. Price can surprise, and price surprised us many times, I just go with the market, at least with bitcoin I do that, cause after some time price bounce back. I simply don't cancel orders for bitcoin, sooner or later it gets executed. With some alts you cant trade like that, from 2017 most of them are going down more then they are going up, so if you made a wrong prediction you need to cancel some orders and to think about some other strategy.

enwi

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in my opinion, in trading it takes courage to take risks and you have to be confident in your decision, if you fail then make your failure an experience and the best teacher to be better, all of that requires process and experience

Rosilito

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Quote from: Goodvalony on November 24, 2019, 06:21:20 AM

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.

FUD? avoid it, when you know what you are doing. Just do it confidently and smoothly, and always apply discipline and you'll be good. Too bad you felt discourage and avoid pursuing on what you are currently trying to trade.

Anyway here are the things I know that will help you:

Have a plan
Stick with your plan always
Don't invest blindly
Invest what you can afford to lose
Pay attention closely to chart

Those are just few, and self-explanatory categories. Just avoid unnecessary stuff such as self-doubt because remember everything is fine when you knew what you are doing with discipline.

matchi2011

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Quote from: nreal on November 30, 2019, 09:17:43 PM

I am currently facing the same situation, I have been holding a command for quite a long time. Unfortunately, when I was profitable I did not close the order because I thought it would go higher, I am currently facing losses. Perhaps my mistake is indecisive.

It happens when you are thinking that the value will rise more the other side will take place. It's hard to anyone to see that instead of gaining you are now facing losses of your investment, stressful but you should learn from it and don't be affected mentally as it will hold you back and harden your moving forward. Take things into perspective and continue chasing your success inside this industry.

maydna

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Quote from: Rana590 on November 30, 2019, 01:45:52 PM

I think we should try to make profit in low range. If we try to make profit in huge amount then it will be risky for us. I always try to hold on a trade until it goes to 5-10% profit.

If you hold on a trade, I think you will need a patient to see the coin price will increase before you can sell your coins. Sometimes our patient will not stay with us and makes us cut lose the coins, and that makes us get the lose. Yes, I agree that we should try to make a profit, especially if the price can increase by 5-10% and I am sure that we will make a big profit if we can repeat the trading process. But if the trend for that coin is good, then I guess that we can make a big profit in a one-time trade.

KnightElite

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I'm using technica analysis when I do trading, I'm a day trader and holding coin in a long time is not suitable for me, I have a limit of 4 days and if my bias did not happen I will sell it immediately or if the price falls down in my cut loss price. There are still opportunities in other coin and I will find another coin to switch if my trade plan did not happen.

Kocret02

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sometimes it's like that like a novice trader just has the nature of making decisions too quickly without thinking about risk. for beginners it's possible to stay in trading I think it only lasts a matter of days. because the loss must be obtained, so maybe before being in trading must be able to do a long analysis. in order to hold on longer

topbitcoin

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Quote from: Karmakid on November 30, 2019, 08:25:08 PM

Quote from: Rana590 on November 30, 2019, 01:45:52 PM

I think we should try to make profit in low range. If we try to make profit in huge amount then it will be risky for us. I always try to hold on a trade until it goes to 5-10% profit.

As long as the chart looks good, you should still hold your position and just adjust the target for taking profit and also your stop loss so even though it will trigger your stop loss, you are still in a profit. It is a good strategy to always set a profit percentage where you will lock in but make sure that you should check all of your parameters before you sell.

Stop loss is a good things to use. I mean, although Karmakid tell how it can help when in profit condition, in lose condition when we think it is the price that we can't afford to lose more, stop loss will be very helpful especially when people don't have much time to look market. But, yes we must be ready for the loses.

nreal

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I am currently facing the same situation, I have been holding a command for quite a long time. Unfortunately, when I was profitable I did not close the order because I thought it would go higher, I am currently facing losses. Perhaps my mistake is indecisive.

Topic: How long do you hold on a trade. - page 12. (Read 3148 times)