How long do you hold on a trade. - page 2.

Reatim

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Quote from: Janation on January 22, 2020, 04:56:39 AM

Quote from: Kevondo on January 21, 2020, 11:26:16 AM

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.

If that is the case I think a lot of people will be holding just Bitcoin.

It is true that there are a lot of profits generated by Bitcoin in the future, but it just not shows gains but also profits in the long run. It is not always pushing upwards. They usually hold Bitcoin, well, it is Bitcoin. It is not that it is reliable when it comes to gaining profits, it is just that there are a lot of people using it and in cryptocurrency, it is usually the "main" in the market.

Why need to doubt the capacity of bitcoin?when this has been proven to climb up the top when the BullRun comes and proven to make History in price when Halving is in the market .
Maybe the specification on how long we can wait?it is until the price we desire achieved.
Yeah there are lots of time spent to hold but at least less stress because all we do is wait until the market grows up again and give us good income.

Xcode7

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Quote from: drlukacs on January 20, 2020, 02:01:38 PM

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.

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.

Yes indeed sometimes we lack confidence in the initial strategy that we have installed, for example we can simply hold back when the profit is more than 5%. But the market shows prices above that for some time, and makes us complacent so save even longer, when we neglect it turns out the market has been below 5% profit. And yes, whatever our decision, there are definitely risks. But again we must emphasize our confidence and enough with what we achieve, so we do not lose.

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Quote from: huige007 on January 21, 2020, 11:52:00 AM

Quote from: Captain Corporate on January 20, 2020, 10:58:29 AM

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.

This is due to your lack of confidence and inexperience. One you invest in a long-term or short term trade you have to be hopeful for better results. I am not saying that people should not invest outside crypto market. I am just emphasizing on the benefits that crypto offer and are not offered by any other trade. Once you have invested wait for the results, check the numbers timely and wait for the result.

Crypto is no doubt better than other markets and it also offers more benefits than other business. Your investments will benefit you sooner or later. Always hopeful for a good change. Think of the ways that will benefit you in multiple ways. There is no hard and fast rule for what change will rise the value and what will decrease it just happen suddenly, but this is not the weakness of this crypto market. It is the nature of every exchange and you should better learn this before investing.

Janation

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Quote from: Kevondo on January 21, 2020, 11:26:16 AM

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.

If that is the case I think a lot of people will be holding just Bitcoin.

It is true that there are a lot of profits generated by Bitcoin in the future, but it just not shows gains but also profits in the long run. It is not always pushing upwards. They usually hold Bitcoin, well, it is Bitcoin. It is not that it is reliable when it comes to gaining profits, it is just that there are a lot of people using it and in cryptocurrency, it is usually the "main" in the market.

CryptopreneurBrainboss

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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're not the only one that have encountered rhis problem, it's a common occurrence in the cryptocurrency spaces, FOMO and FUD is a major cause since gullible traders can easily be manipulated into thinking a particular coins is about to be pumped which will result to the traders exiting his/her current trade position so as to catch the other coins trains before it's too late. Same thing can be said towards a dumped fud spreading around.

Tacking this issue can be done through having a trading strategy as this will guide you toward staying discipline in each traded. Learning to keep you emotions in check to avoid fear or greed to overshadow you decision making will also go a long way towards ensuring that you profit from your trades as well as master your trading strategy.

Having extra fund readily available for emergency trades can also do the trick as you won't be tempted to temper with your current open trades that's if you're interested in trading other coins due to recent development pointing towards a profitable outcome coming from trading that particular coin.

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Quote from: Kevondo on January 21, 2020, 11:26:16 AM

Quote from: Divinespark on January 20, 2020, 09:35:50 AM

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.

Traders always finding ways to pick the right project to invest their money, aiming to bring good value to their investment and ot to allow being
stuck within the project that is moving well. You know when to stop whenever you are in a situation where you are not finding yourself materializing
and holding is no longer an option but to let go and find other projects to spend your money.

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Sometimes you may want to use a time stop but it is quite advanced thing to incorporate. For most cases you should know your targets before you trade or at least have a set rules of entry/exit for your strategy and time is not a variable in most of these. If you find yourself closing positions because they are open for x amount of time and it's not part of your strategy when you open the position then this should be considered a huge leak. I'm not talkin obviously about 'i found this xcoin from 2017' type of situation fwiw.

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Quote from: Eternad on January 18, 2020, 05:50:49 AM

Quote from: Negotiation on January 18, 2020, 04:23:00 AM

Quote from: Alice Nuttal on January 06, 2020, 07:32:52 AM

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.

This is really important, I have seen many instances in the past of people that buy coins and then they do not take the time to keep up with the developments of that coin and then they come to the forum to complain about how they lost so much money by investing in that altcoin, and I have always wondered why they did bought that coin if they had no intention of watching it every day in the case something went wrong?

And a person that does that deserves whatever it happens to them, I have also seen many cases of people that bought a coin and while they were not watching it the coin skyrocketed and then it crashed and they lost the opportunity to make a lot of money with it.

huige007

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Quote from: Captain Corporate on January 20, 2020, 10:58:29 AM

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.

This is due to your lack of confidence and inexperience. One you invest in a long-term or short term trade you have to be hopeful for better results. I am not saying that people should not invest outside crypto market. I am just emphasizing on the benefits that crypto offer and are not offered by any other trade. Once you have invested wait for the results, check the numbers timely and wait for the result.

Kevondo

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Quote from: Divinespark on January 20, 2020, 09:35:50 AM

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.

drlukacs

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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.

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.

bitzizzix

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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.

Captain Corporate

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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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Quote from: Divinespark on January 20, 2020, 09:35:50 AM

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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Quote from: Divinespark on January 20, 2020, 09:35:50 AM

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

Divinespark

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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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Quote from: DevilSlayer on January 20, 2020, 09:12:07 AM

Quote from: purebitco on January 19, 2020, 06:08:07 PM

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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Quote from: purebitco on January 19, 2020, 06:08:07 PM

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.

purebitco

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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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Quote from: Clairvoyance on January 19, 2020, 10:09:00 AM

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

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.

Topic: How long do you hold on a trade. - page 2. (Read 3123 times)