How long do you hold on a trade. - page 3.

Clairvoyance

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

Mumbeeptind1963

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Quote from: fireball4 on January 14, 2020, 04:29:55 PM

I'm not trading for a long time, I'm buying a coin and I'm planning to hold it long before I sell it. I tried day trading, short-term trading, but I only had losses and only a few times I made a nice profit, I lost a lot of money overall. It was a lesson for me after that, with long-term trading, I made a lot more profit. Now I'm just doing that, I'm not involved in anything that's short-term, when it's short-term it's a huge risk, and I don't want to gamble that much anymore. I'm literally just sticking to my strategies

For me, as long as I am trusting the coin that I am holding now, especially these two, bitcoin and xrp, these are the only coins that I am holding and continue to hold, maybe I will sell XRP first by June if XRP will reach my target price which is @4000-$4500 ,and I will sell bitcoin right after halving because I expected that bitcoin will go ATH in that event.

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Quote from: useless4 on January 18, 2020, 05:34:50 AM

I don't trade too often meaning that I am not a daytrader to make small profits on a daily basis as most of the people here do. Thus, I keep a trade for a really long time, especially my longs during the bull market because those can set you up with cash for a little while after the bear market starts. I would say on average I spend around a few months in a trade before exiting it.

I am part of daily traders group. I do small activities here in this market that gives me good benefits. I would suggest it to other students for a good start and financial support. Young people who want to help their families and want to do something beside their studies can use it as a best platform. It serves you in many ways with easy methods, less time and good profits.

useless4

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I don't trade too often meaning that I am not a daytrader to make small profits on a daily basis as most of the people here do. Thus, I keep a trade for a really long time, especially my longs during the bull market because those can set you up with cash for a little while after the bear market starts. I would say on average I spend around a few months in a trade before exiting it.

Karmakid

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Quote from: KnightElite on January 18, 2020, 09:48:01 PM

Quote from: rekinthis on January 18, 2020, 06:47:59 PM

There is time for your endurance to be checked in the trading as there are periods when the coin is not increasing but decreasing. But the good thing about that is that you have to commit to your target price and don't cancel what you've already planned, because if you still follow it, the success will be yours, just like what happens to the trader who invests when the crypto started, most of them are millionaires and some of them are billionaires. Keep until your price reaches, and don't be impatient to get a huge win.

But sometimes even if we have patience or endurance we will still fail in trading. Our expectation is not always in our side and that is why there is no guarantee that we are always going to win in trading. Before I trade a coin, I always make sure that I have bias where my trading setups are applicable, if I do not see a strategy that I can use in a specific coin then I will search for another coin that is suitable to my skills.

That is the reason why patience is not enough in trading. You should learn to be adaptive in every situation, learn the movement or the pattern of the market and try to master the basic chart patterns so you will have an idea if you are going to be patient with your position or you will just cut the losses.

KnightElite

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Quote from: rekinthis on January 18, 2020, 06:47:59 PM

There is time for your endurance to be checked in the trading as there are periods when the coin is not increasing but decreasing. But the good thing about that is that you have to commit to your target price and don't cancel what you've already planned, because if you still follow it, the success will be yours, just like what happens to the trader who invests when the crypto started, most of them are millionaires and some of them are billionaires. Keep until your price reaches, and don't be impatient to get a huge win.

But sometimes even if we have patience or endurance we will still fail in trading. Our expectation is not always in our side and that is why there is no guarantee that we are always going to win in trading. Before I trade a coin, I always make sure that I have bias where my trading setups are applicable, if I do not see a strategy that I can use in a specific coin then I will search for another coin that is suitable to my skills.

angryswamp

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Choose a price that may be chosen before its price is too high so that when it goes down you can still buy the BTC that you sold when it dips again. If you're not that patient, choosing a daily chart isn't the best option. Choose the hourly time frame and, with very little flexibility, that suits the dealer, both of you and they go there.

rekinthis

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There is time for your endurance to be checked in the trading as there are periods when the coin is not increasing but decreasing. But the good thing about that is that you have to commit to your target price and don't cancel what you've already planned, because if you still follow it, the success will be yours, just like what happens to the trader who invests when the crypto started, most of them are millionaires and some of them are billionaires. Keep until your price reaches, and don't be impatient to get a huge win.

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Quote from: Pamadar on January 18, 2020, 02:39:34 AM

Quote from: Aikidoka on January 17, 2020, 04:10:44 PM

Currently I don't hold my trades for a long term period because I'm not aiming for x2 profit or more. I just want to make some short trades to earn few money for a daily basis, In trading you need patience and to not lose your control and make bad decisions, you should trust what you're doing.

You should trust your own judgment to make sure that you won't regret any decision that you made. Doing some short term trades also
have good potentials as there's time where the market have quick movement, positioning your buy and sell in the right place and time
gives you decent profits, keep repeating the cycle and it will be enough for you.

Yes, sometimes a decision that you think is good does not always bring good luck because the market can change significantly and the market can reverse the situation suddenly due to fluctuations.
the most important thing is you buy and sell at the right time and take advantage of opportunities well when the market goes up and don't expect too much that the market will continue to go up because there are times when the market will go down and you have to make wise decisions, the most important thing is you sell at a position favorable price at the price you bought before.

Eternad

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Quote from: Negotiation on January 18, 2020, 03:23:00 AM

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

tianglistrik

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Quote from: Pamadar on January 18, 2020, 02:39:34 AM

Quote from: Aikidoka on January 17, 2020, 04:10:44 PM

Currently I don't hold my trades for a long term period because I'm not aiming for x2 profit or more. I just want to make some short trades to earn few money for a daily basis, In trading you need patience and to not lose your control and make bad decisions, you should trust what you're doing.

You should trust your own judgment to make sure that you won't regret any decision that you made. Doing some short term trades also
have good potentials as there's time where the market have quick movement, positioning your buy and sell in the right place and time
gives you decent profits, keep repeating the cycle and it will be enough for you.

Consistency also becomes important in investing or trading, as you say that the abilities we have we must also trust and practice skills in trading to improve abilities.
and we do it repeatedly and I think it's good enough to survive in the market.

Negotiation

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

Pamadar

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Quote from: Aikidoka on January 17, 2020, 04:10:44 PM

Currently I don't hold my trades for a long term period because I'm not aiming for x2 profit or more. I just want to make some short trades to earn few money for a daily basis, In trading you need patience and to not lose your control and make bad decisions, you should trust what you're doing.

You should trust your own judgment to make sure that you won't regret any decision that you made. Doing some short term trades also
have good potentials as there's time where the market have quick movement, positioning your buy and sell in the right place and time
gives you decent profits, keep repeating the cycle and it will be enough for you.

adroitful_one

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1GhxHtabWhEpdb7e7oEJ2vd542n33BwTHR

Quote from: potatopower on January 14, 2020, 05:31:14 PM

When I'm tired of keeping holding altcoin assets but keeping price down I try to sell it without thinking about how much loss with lower price sales. Most altcoin give me a lot of profit after a year or two, but many altcoin have to sell because they don't have future developments rising to higher prices because they don't update anything with their project. It's good to hold on long only if it has prospects.

This is not a good strategy. If you really want to sell off your holdings, try to do it earlier on whenever you're not taking as much losses. You can usually pick up on whether the coin is trending downward or not and if it is, sell it off early. I usually dump everything off really early on whenever I sense a downtrend coming and turn around and make it all back in the next trade or two and don't even remember most of those trades.

suzanne5223

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Quote from: Leviathan.007 on January 17, 2020, 03:31:09 PM

Since I'm scalper I won't let the trade stay open more than one day.
But if you are a long-term trader everything will change. Depends on Psychology

With rank i dont think one day or short form of trading will be beneficial for you because such form of trading requires a good level of knowledge in arbitrage before ones could be prosperous. With that been said, i prefer long form of trading cause ones can actually have time to spend on some other important thngs.

Aikidoka

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Currently I don't hold my trades for a long term period because I'm not aiming for x2 profit or more. I just want to make some short trades to earn few money for a daily basis, In trading you need patience and to not lose your control and make bad decisions, you should trust what you're doing.

potatopower

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When I'm tired of keeping holding altcoin assets but keeping price down I try to sell it without thinking about how much loss with lower price sales. Most altcoin give me a lot of profit after a year or two, but many altcoin have to sell because they don't have future developments rising to higher prices because they don't update anything with their project. It's good to hold on long only if it has prospects.

fireball4

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I'm not trading for a long time, I'm buying a coin and I'm planning to hold it long before I sell it. I tried day trading, short-term trading, but I only had losses and only a few times I made a nice profit, I lost a lot of money overall. It was a lesson for me after that, with long-term trading, I made a lot more profit. Now I'm just doing that, I'm not involved in anything that's short-term, when it's short-term it's a huge risk, and I don't want to gamble that much anymore. I'm literally just sticking to my strategies

Leviathan.007

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Since I'm scalper I won't let the trade stay open more than one day.
But if you are a long-term trader everything will change. Depends on Psychology

FLoving

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Quote from: potatopower on January 14, 2020, 05:31:14 PM

When I'm tired of keeping holding altcoin assets but keeping price down I try to sell it without thinking about how much loss with lower price sales. Most altcoin give me a lot of profit after a year or two, but many altcoin have to sell because they don't have future developments rising to higher prices because they don't update anything with their project. It's good to hold on long only if it has prospects.

If you will sell your coins after getting bored then you will lose a lot of money because in trading you can earn profit with patience. In the past two years many people sold their coins which they bought in 2017 but only those will get the profit who hold till now as in this week we saw all of the coins increasing to its peak value and soon we will see a very high profit in our portfolio.

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