How long do you hold on a trade. - page 4.

wxa7115

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Quote from: Mumbeeptind1963 on January 13, 2020, 07:30:01 PM

Quote from: wxa7115 on January 13, 2020, 01:43:23 PM

Since you are a day trader then it makes sense that you hold your positions for a very short amount of time, in fact I have known traders that only hold their positions for hours and they are not really interested in holding their positions for any longer and yet they are still profitable.

And in the other side of the spectrum I also see people that prefer to hold their coins for a very long time and they are profitable as well, so people should not worry at all about the amount of time that they hold their coins, because as we can see you can make money by holding your coins for a very short amount of time and and also by holding them for a very long amount of time.

Day trading is risky we need to monitor it everytime, I am more on long term investment because it is more comfortable and more profitable for me. It is up to you on how do you choose to invest. But patience is much in need to hold a coin for long term. I will hold my coin till it reaches my target price, but when I feel that the support of that coin is no longer helping I will sell it right away.

I am well aware of the risks that day trading entails that is why I am I long term investor just like you however it is not only about the difficulty of day trading that I prefer long term trading, it also has to do with the fact that in order to be an effective day trader you need to monitor the markets constantly.

And I do not really have the time to do that but when it comes to long term trading as long as you can check the price once a day you're going to have enough information to take a decision to keep holding your coins or to sell them.

Triffin

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Quote from: joshy23 on January 14, 2020, 08:32:57 AM

Quote from: Pinkris128 on January 14, 2020, 06:16:32 AM

I usually hold my trades within just a week or a month because it is difficult for me to trade daily, that is why i consider trading in a long term. To be honest, trading is really difficult for everybody it is the reason why only few people who sticks in trading for a long time because not everyone can prevent their trades from having losses.

Different point of views from different types of traders. Both long and short have it's own benefits to every traders who are working with this business. They've got strategic planning in order to make sure that every decisions to make will bring them successful gains.

You are right mate it’s about trader that how long he wanted to hold his trading but it’s much better to hold longer. People who trade daily may hold for one day or 24 hours and in this time period they will maintain to trade that’s why Better hold with your open mind and eyes. I use to hold with my trade for year or two as I get chance to trade for high profit then I trade, otherwise I keep holding.

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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.

You are real holder with altcoin because you can hold your assets more than six month and waiting altcoin back with higher price, I have the same with your position keep holding altcoin more than one year and when feel tired I sell my assets although with lower price, many altcoin not give profitable although have been hold more than one year.

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Quote from: joshy23 on January 14, 2020, 08:32:57 AM

Quote from: Pinkris128 on January 14, 2020, 06:16:32 AM

I usually hold my trades within just a week or a month because it is difficult for me to trade daily, that is why i consider trading in a long term. To be honest, trading is really difficult for everybody it is the reason why only few people who sticks in trading for a long time because not everyone can prevent their trades from having losses.

Different point of views from different types of traders. Both long and short have it's own benefits to every traders who are working with this business. They've got strategic planning in order to make sure that every decisions to make will bring them successful gains.

You are right. Trading is difficult for both the reasons. It is a slow process and yet you are unable to accomplish your goals in a matter of few days. Moreover, short term trading is only for those who have some other activities or job that becomes a source of money for them. Otherwise long-term trading is beneficial for those who consider it to be their profession.

joshy23

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Quote from: Pinkris128 on January 14, 2020, 06:16:32 AM

I usually hold my trades within just a week or a month because it is difficult for me to trade daily, that is why i consider trading in a long term. To be honest, trading is really difficult for everybody it is the reason why only few people who sticks in trading for a long time because not everyone can prevent their trades from having losses.

Different point of views from different types of traders. Both long and short have it's own benefits to every traders who are working with this business. They've got strategic planning in order to make sure that every decisions to make will bring them successful gains.

AakZaki

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actually there is no certain time to stay in trade, maybe what should be a benchmark that is a profit. often I do not trade based on a certain time, because the price movement is very volatile, I always close the trade if I feel I get a profit that is quite like 5-10%. but sometimes if price movements still allow me to last up to 50-100%. so depending on profit does not depend on how long it must last.

Pinkris128

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I usually hold my trades within just a week or a month because it is difficult for me to trade daily, that is why i consider trading in a long term. To be honest, trading is really difficult for everybody it is the reason why only few people who sticks in trading for a long time because not everyone can prevent their trades from having losses.

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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I don't set any timeline on a trade. I just initiate trade and leave it, and the same gets executed with time according to the market fluctuations. This can happen within a day or it can take weeks. At times myself used to have a feel this particular trade won't get completed taking much longer time. I used to cancel such trades.

Savemore

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The patience and the holding period that you need depends on what type of trader are you? Identify first if you are a scalper? A swing trader or a trend follower? If you are a scalper then you need to sell your position within a day. A swing trader mostly the holding period are days or even weeks. The strategy that you should use is depends on what you can do.

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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.

Mumbeeptind1963

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Quote from: wxa7115 on January 13, 2020, 01:43:23 PM

Since you are a day trader then it makes sense that you hold your positions for a very short amount of time, in fact I have known traders that only hold their positions for hours and they are not really interested in holding their positions for any longer and yet they are still profitable.

And in the other side of the spectrum I also see people that prefer to hold their coins for a very long time and they are profitable as well, so people should not worry at all about the amount of time that they hold their coins, because as we can see you can make money by holding your coins for a very short amount of time and and also by holding them for a very long amount of time.

Day trading is risky we need to monitor it everytime, I am more on long term investment because it is more comfortable and more profitable for me. It is up to you on how do you choose to invest. But patience is much in need to hold a coin for long term. I will hold my coin till it reaches my target price, but when I feel that the support of that coin is no longer helping I will sell it right away.

wxa7115

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Quote from: purebitco on January 12, 2020, 05:47:10 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.

Since you are a day trader then it makes sense that you hold your positions for a very short amount of time, in fact I have known traders that only hold their positions for hours and they are not really interested in holding their positions for any longer and yet they are still profitable.

And in the other side of the spectrum I also see people that prefer to hold their coins for a very long time and they are profitable as well, so people should not worry at all about the amount of time that they hold their coins, because as we can see you can make money by holding your coins for a very short amount of time and and also by holding them for a very long amount of time.

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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.

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Quote from: purebitco on January 12, 2020, 05:47:10 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.

At least you have done the right way because even though you are a day trader but it does not mean you have to earn for and spend money in a day, because it will not make a good return in a short time. I just do the same way but at least I will hold it for a longer time and will not sell it only in the near future because I don't expect fast returns with low profits.

wxa7115

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Quote from: SummerBliss on January 05, 2020, 02:20:19 PM

There shouldn't be a fixed interval for that. Always stick to the target you're looking for. Decide on the reward and risk you are willing to take given the trend you are counting upon. You can't expect a profit of 50% in a day trade similarly 5% in a swing trade is bad deal. So set up a target and duration of your trade according to the trend you have recognized. There is no right or wrong answer. At a given trend.. there are equal numbers of short and long. So half side is always wrong.

I still find amusing that some people think they can just make a trade and then hold for a predetermined amount of time and then expect to make profits, each trade is different and sometimes you are only going to need to hold your trades for a few days before you see the profits you are looking for.

But there are going to be some other times in which you will need to hold a trade for weeks and if you are a long term investor this may take even months but at the end as long as your results are positive then it is worth to wait for those profits.

Alice Nuttal

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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.

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.

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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 trade with some minimum and maximum cut losses and some predictions that I estimate with TA. So far I have not determined and counted how long I held, because I focused on the minimum and maximum values that I analyzed with the TA that I made. Anyways in my opinion in trading, calculating how long you hold is not so important. Volume, TA and fundamental analysis are the most important according.

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Quote from: potatopower on January 05, 2020, 06:18:34 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 why it's always a good recommendation to invest in only the top altcoins. The good majority of these projects that are out there are never going to go anywhere at all and it's just risky to even invest in them. Sure, you may get lucky and get one or two of them to net you a couple hundred percent profit, but that's more than likely not going to happen.

Topic: How long do you hold on a trade. - page 4. (Read 3123 times)