The only coin that I hold for a long time are ETH, BTC and BNB. The rest I just buy and sell in a day or two. However there are times when price is not hitting my goal, it may take up to 4 days before I make a sell. Market conditions are different nowadays. Price is moving sideways most of the time. This will really test your patience. This is why I use a Bot, it doesnt have emotions and will only trade based on what I want and not on what I felt.
I will still try to hold it till this year, because I am expecting that it could be more higher this year. So let us hope that this year is the year of altcoins. Will still buy more good and new coin in the market , there are some IEO that I think it is good to buy their coin, but we should analyze the company carefully if they are having a good potential also. 
Topic: How long do you hold on a trade. - page 6. (Read 3123 times)
Because of my busy schedule, I do either Mid term or long term trade. Short term is impossible these days with the market fluctuating like this. Mid term is less than a month or 2. Long term is more than 3 months. Frankly speaking, most of the long term trading coins are in loss from a year now.
Sad but I am holding for more than a year now. You are correct that it is a loss, but I have nothing to do unless I badly needed it I will sell at a big loss. But still, I am very hopeful that the market will rebound, if not this year then in the future that's for sure.
Sometimes it is impossible for us to estimate the market situation and it will lead to holding the coins, there are some coins with me which I am holding them for more than a year, which it is impossible to sell them at the current value because I am going to lose my money. So there is a chance to rebound the market until then I will wait.
Yeah it is normal due to the volatility of crypto and in each coins/tokens there's always whales that were holding on it that can manipulate the price, so it depends on us, for me I am analyzing again the market checking if it really has a potential to grow or the team were doing their best for the development but once there's no action or very little, then I am selling it and trying to move forward.
Because of my busy schedule, I do either Mid term or long term trade. Short term is impossible these days with the market fluctuating like this. Mid term is less than a month or 2. Long term is more than 3 months. Frankly speaking, most of the long term trading coins are in loss from a year now.
Sad but I am holding for more than a year now. You are correct that it is a loss, but I have nothing to do unless I badly needed it I will sell at a big loss. But still, I am very hopeful that the market will rebound, if not this year then in the future that's for sure.
Sometimes it is impossible for us to estimate the market situation and it will lead to holding the coins, there are some coins with me which I am holding them for more than a year, which it is impossible to sell them at the current value because I am going to lose my money. So there is a chance to rebound the market until then I will wait.
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.
The only coin that I hold for a long time are ETH, BTC and BNB. The rest I just buy and sell in a day or two. However there are times when price is not hitting my goal, it may take up to 4 days before I make a sell. Market conditions are different nowadays. Price is moving sideways most of the time. This will really test your patience. This is why I use a Bot, it doesnt have emotions and will only trade based on what I want and not on what I felt.
Most of the traders prefer the same way of trading. Holds the top listed altcoins and makes use of the the low priced altcoins with good trading volume for regular trading. I just go with some random choice of my own, go for a specific buy price. I'll wait until the trade is executed and same is with the selling process. At times it takes weeks to reach the target, mostly I prefer a small difference between buying and selling. 
The only coin that I hold for a long time are ETH, BTC and BNB. The rest I just buy and sell in a day or two. However there are times when price is not hitting my goal, it may take up to 4 days before I make a sell. Market conditions are different nowadays. Price is moving sideways most of the time. This will really test your patience. This is why I use a Bot, it doesnt have emotions and will only trade based on what I want and not on what I felt.
Because of my busy schedule, I do either Mid term or long term trade. Short term is impossible these days with the market fluctuating like this. Mid term is less than a month or 2. Long term is more than 3 months. Frankly speaking, most of the long term trading coins are in loss from a year now.
Sad but I am holding for more than a year now. You are correct that it is a loss, but I have nothing to do unless I badly needed it I will sell at a big loss. But still, I am very hopeful that the market will rebound, if not this year then in the future that's for sure.
What have you been holding for a year? If you bought Bitcoin a year ago, you're probably doing pretty well. However, if you bought into some altcoins, that may be a different story. I just do better predicting things in the short term(like a week ahead), so I don't really like holding longer term for trading. I just don't like losing 40% in a 6 month period because I had no idea what was going to happen with the market. It seems much easier to predict things in the shorter term.
I strictly stick to my targets. Whatever profit I have decided upon along with the stop loss is my exit point whatever happens first. I usually do swing trades which last for a week or so. That's the ideal durations of my trades.
Setting the target beforehand and then sticking to it helps me keep emotions out of the trades. But along with doing wing trades, I too have an investment meant for long term. But that is only the amount I can afford to lose.
Swing trades is preferable if you dont have much time to go with active trading.Same as yours i do strictly stick to my goals or targets.Setting the target beforehand and then sticking to it helps me keep emotions out of the trades. But along with doing wing trades, I too have an investment meant for long term. But that is only the amount I can afford to lose.
There are circumstances that you would need to cut off losses to prevent more damage or simply taking profits once you do saw a possible
pullback.Emotions is a big factor and you do need to control it and sometimes intuition does really work.
I strictly stick to my targets. Whatever profit I have decided upon along with the stop loss is my exit point whatever happens first. I usually do swing trades which last for a week or so. That's the ideal durations of my trades.
Setting the target beforehand and then sticking to it helps me keep emotions out of the trades. But along with doing wing trades, I too have an investment meant for long term. But that is only the amount I can afford to lose.
Setting the target beforehand and then sticking to it helps me keep emotions out of the trades. But along with doing wing trades, I too have an investment meant for long term. But that is only the amount I can afford to lose.
Because of my busy schedule, I do either Mid term or long term trade. Short term is impossible these days with the market fluctuating like this. Mid term is less than a month or 2. Long term is more than 3 months. Frankly speaking, most of the long term trading coins are in loss from a year now.
Sad but I am holding for more than a year now. You are correct that it is a loss, but I have nothing to do unless I badly needed it I will sell at a big loss. But still, I am very hopeful that the market will rebound, if not this year then in the future that's for sure.
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.
Most of the time, I hold position only for hours, within the day, based on 1H and 4H charts. I prefer to trade in shorter time to avoid paying margin interest fee as I mostly trade with leverage. This doesn't mean I never trade longer though, if the opportunity shows up in longer time frame, I'll take it too. Just prefer the shorter time frame.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.
Most of the time, I hold position only for hours, within the day, based on 1H and 4H charts. I prefer to trade in shorter time to avoid paying margin interest fee as I mostly trade with leverage. This doesn't mean I never trade longer though, if the opportunity shows up in longer time frame, I'll take it too. Just prefer the shorter time frame. Because of my busy schedule, I do either Mid term or long term trade. Short term is impossible these days with the market fluctuating like this. Mid term is less than a month or 2. Long term is more than 3 months. Frankly speaking, most of the long term trading coins are in loss from a year now.
With the market fluctuations like you said, it is better to trade short term to mid term only so you can easily jump in and out in the market when something goes wrong. Long term trading are like investing which is not an appropriate and most efficient way to make money out of the market. Just stick to short to mid and put a tight stop loss. 
Because of my busy schedule, I do either Mid term or long term trade. Short term is impossible these days with the market fluctuating like this. Mid term is less than a month or 2. Long term is more than 3 months. Frankly speaking, most of the long term trading coins are in loss from a year now.
It completely depends upon the market situation because in some cases we have to wait for the prices, sudden drops will always have a chance to lose money. In this case, we have to wait for the market to recover the price as long as possible, for this, we don't have any specific time for it.
Right market can change any time and if you will trade at wrong time you can lose all your money just with miner mistake so better make your mind that if price is low you only need to hold your coin and wait as trading at red market can make you lose your money so a trader must hold his coin as long as possible to hold maybe for more than one year.
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.
It depends on multiple factors like if it’s right situation for trading. Usually, I keep trades on for a long time given there are overnight charges for me to pay to my broker FreshForex. It is kind of thing that really helps with profit making and also keeping things relatively safe and sound.
Few years now but I trade occasionaly and I'm not daily trader. I think if you have moderate apetite for profit and you don't take big risks then you can do trading quite a long time. Of course that is not very serious trading it's more for fun.
But many people go into trading too ambitious, with high expectations but very often they are not well prepared and don't have enough experience so in short period of time they experience loss and very often give up. Everything depends on your approach, expectations and goals.
But many people go into trading too ambitious, with high expectations but very often they are not well prepared and don't have enough experience so in short period of time they experience loss and very often give up. Everything depends on your approach, expectations and goals.
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 is impossible to tell you of a formula to know when it is the right moment to get out of your trades, each trade should be seen as something completely unique and you should not come with preconceived notions about it, I hold my trades as long as it is needed and as long as the market tells me I have to do it.This sometimes produces circumstances in which I need to hold my position for a very long time but I do not mind, on the other hand I have trades in which the market tells me I have to get out days after I made the trade and I immediately receive another signal to get back in it, just get used to it and as long as you are making profits then everything is fine.
I only trade only for a week or a momth because i am only a long term trader, which i don't do any daily trades because it is really difficult and a huge risk, even you may earn much huger profit because it is also difficult to manage your trades, especially if you have work that you don't know what will you do first.
It is right that nowadays daily trades are very harder to do and we have to do long term trades as you mentioned that you are doing weekly holding or monthly holding but in crypto I cannot estimate that for how much time we have to hold a coin in which I invest and I think not all of the traders can find from the beginning because coins take different periods to enable us to be in profit. If we look at the profit and hold till we get the profit then it will be better trade for us. Jump to: