How long do you hold on a trade. - page 17.

aa7356

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Quote from: Goodvalony on November 24, 2019, 07:21:20 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.

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.

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exstasie

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Quote from: Goodvalony on November 24, 2019, 07:21:20 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 something lots of traders struggle with. They either cancel their orders because they're too scared to take a position, or they pull their stop loss orders because they're scared to realize a loss.

Develop a routine trading plan where you always enter/exit based on certain setups. Commit to a list of trading rules. Here are some ideas: https://www.investopedia.com/articles/trading/10/top-ten-rules-for-trading.asp

I hold trades for weeks or even months at a time. I've had coins in cold storage for several years. Sticking to my trading plan is second nature now, very mechanical, but it took years of training to get there.

Distinctin

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Quote from: Goodvalony on November 24, 2019, 07:21:20 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.

It probably won't take long. For me, I've often to stay my trade in a line for just 2-3 days otherwise, I cancel it if there is no buying.
May it change sometimes depending also on the current trend. Of course, we think also the safety of assurance for ain't get safe if your funds still on the exchanges for too long.
That is very important to know exactly what is buying and selling of a certain coin you want to trade before making a deposit and for it won't take your patience out being in the long wait before we got the satisfying price.

ryzaadit

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I have a some times for a different category to each time i holding the crypto:

Short Trade: I can hold the crypto with a few days or just weeks, most of this currency its a shitcoin/token who have a high volatility percentage change it.
Medium Trade: I holding the crypto with this method around 2-4 weeks, some crypto can be major coin but some crypto can be a new project but have a good potential growing.
Long Trade: This its the last option to holding a major currency like ETH, Bitcoin who needs a long time to grow up again for the price. I hold more than 3-6 months, until now i still holding bitcoin and ethereum waiting to see a good momentum from the market.

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Quote from: Goodvalony on November 24, 2019, 07:21:20 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.

it depends on market situation.Because I actually don't see the usd price of coin.I see the btc price.If I am in profit in btc pair then no matter what is usd price.I sell that coin.Sometimes its hard to hold because of dumping.If you see any bad news or any bad movement then Better to sell and wait for dip to buy.Actually I try to trade in this method.

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Quote from: Goodvalony on November 24, 2019, 07:21:20 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.

You can't make perfect profits from crypto trading, it will change for every second so don't consider yourself as loser if you made less profits due to exiting earlier just cherish that you made some profits and continue to make more profitable trades and sum up all the profits to hold something bigger.

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Quote from: Goodvalony on November 24, 2019, 07:21:20 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.

Cancel transactions is fine but I'm sure there's tool we call stop loss that you must set before enter the market. Patient is about discipline, follow your rules. Try to set your stop loss and take profit point and don't do anything until reached. Try it and I believe you'll know trading is not easy.

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Quote from: Goodvalony on November 24, 2019, 07:21:20 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.

In every position you place, you must have a stop-loss set. That will close your trade if you are losing too much. Depending on your risk allowance, you can set it in a higher or lower percentage but it should always be set. Some platforms offer it automatically but in others, you have to manually close your trades. If you are afraid that you may be closing successful trade in the future, think that the opposite can also be true and that you are managing your losses. You can always open a new position once your TA shows that the trend is reversing.

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It completely depends on the trader, really. Since I'm mostly a mid-long term trader, I've held on a couple of trades for like half a year in the past, with varying results.

Quote from: Goodvalony on November 24, 2019, 07:21:20 AM

i have cancel out many trades that later ended up in huge profits. i have also cancel some successfully.

Hindsight is 20/20. While it's mostly not recommended to trade using your emotions(fomo, panic selling, etc). Sometimes, these types of trades actually ends you up in a better position. If you made a good trade, great! If you made a bad trade, suck it up and move on from it. Just do your best to earn it back, patiently. Not in a yolo trade that could potentially earn you back everything.

Taskford

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Quote from: Goodvalony on November 24, 2019, 07:21:20 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.

It's very long process if you are a newbie and if you do a short cut chances to lose is huge so better understand the situation,fundamentals and other things in tradings there are youtube videos,blogs and etc to help you out and learn from it. But in my case I'm actually not into long term holding since I actually suffer from huge loss when markets falls down that's why my current strategy right now is spot the lowest and sell for certain percentage to earn daily.

Don't aim for x2 or more since it's impossible for now and always get the profit whenever you are on winning trade.

Goodvalony

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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.

Topic: How long do you hold on a trade. - page 17. (Read 3123 times)