Strategy: holding but trading - page 13.

Suslived

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Quote from: Johannson on April 26, 2018, 08:51:11 AM

Do you guys think that it is possible to be successful if I want to hold ( a year), but look at the charts only once a week (even less), then trade only if I see a huge loss? Let's say I set a loss of 10% now, will I have to trade a lot?

Thanks in advance

You are probably referring to what most traders call "swing trading." I wouldn't exactly agree with "10%" as an accurate figure because that depends on you, but basically the idea is that you buy/sell based on sharp/steep price movements. For example:

- If coin x suddenly gains 300% today then that is probably a good time to sell. Then buyback later at 200%.
- If coin y suddenly loses 300% toady then that is probably a good time to buy. Then sell later when it goes up by 200%.

entempo

newbie

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you trade, or you hold. Main thing is to understand what are you waiting while holding - have you some takeprofit/stoploss, or you check the market every day and wait extremums.

vfrias

member

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This strategy is shit. You are going to loose great pumps by selling "when seeying a profit target" and will hodl in bearish markets because you cannot sell.

IMO, crypto chart are almost useless - try fundamentals, make good positions and enjoy the ride. I never saw any trader becoming millionare, can't say the same for hodlers and early adeptors of Bitcoin, Ethereum, Decred, Litecoin, or even Ripple.

Vdecso

member

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I think holding makes much more sense. trade can sometimes give bad results. hodl is better to do if there is a guarantee.

makishart

legendary

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Quote from: Johannson on April 26, 2018, 08:51:11 AM

Do you guys think that it is possible to be successful if I want to hold ( a year), but look at the charts only once a week (even less), then trade only if I see a huge loss? Let's say I set a loss of 10% now, will I have to trade a lot?

Thanks in advance

If you have seen a huge loss and never try to trade but just put a new money to buy the more token as much as you can because it will be bounced back again. You have nothing to do with it. Re-consider to keep some to be your long-term investment and the rest to buy at the dip.

wenxop

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depends on what type of strategy you have to trade, you can do intraday tradin or keep your coins in time for more than 6 months or more, but it depends on which coins you choose and if they have a good future and development behind. but you must be very consistent in what you do and focus on one way of trading

AlisaWhishie

member

Activity: 322

Merit: 20

That's exactly what I do now! And I'm happy that I got rid of this obsession with "holding" that is so popular here, where every other is advising to buy coins and forget about them for 5 years. No, I'm not so patient, lol. I can't just forget about something when I see that prices are changing every day, I know I have to use the opportunities given to me by this volatile market. So when I see that one of my coins have grown significantly, I sell it. Then, when the price goes down for a while (and it happens in 90% of cases) I buy it back with the same amount of cash that I sold it for, but now I get more coins that I had before!

So when the price will fly to the moon, I won't lose any advantages of a simple "severe" holding, but only get more profit.

yojodojo21

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Quote from: Johannson on April 26, 2018, 08:51:11 AM

Do you guys think that it is possible to be successful if I want to hold ( a year), but look at the charts only once a week (even less), then trade only if I see a huge loss? Let's say I set a loss of 10% now, will I have to trade a lot?

Thanks in advance

The best strategy to trading is, if you have a trust to a certain coin that in a few days or months that will increase its price again then you will probably HODL it. Like, for example you trade 0.01 btc to ltc and then the price of btc decrease in s negative percent to the current price then HODL it for a while wait for the comeback even just 2-3 positive rollback then sell LTC to btc again then it'll rock, simple advice to a beginner trader like me.

Mahanton

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Quote from: Johannson on April 26, 2018, 08:51:11 AM

Do you guys think that it is possible to be successful if I want to hold ( a year), but look at the charts only once a week (even less), then trade only if I see a huge loss? Let's say I set a loss of 10% now, will I have to trade a lot?

Thanks in advance

Decision would be entirely depending on you which if you do see negative on your folio since you are going for long term then it shouldnt really bother you at all since those price fluctuations is always been part of the volatile market but sometimes you would really be tempted on making trades into those things.Instead on doing active trade its much better to buy even more yet in the first place you do trust up the coin and then seeing it on cheaper price would really be an opportunity.

Poink

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Quote from: Johannson on April 26, 2018, 08:51:11 AM

Do you guys think that it is possible to be successful if I want to hold ( a year), but look at the charts only once a week (even less), then trade only if I see a huge loss? Let's say I set a loss of 10% now, will I have to trade a lot?

Thanks in advance

I do the opposite. I sell my biggest gainers and buying biggest losers in my portfolio. Wink

VERY important to note the "in my portfolio" part since all are vetted already and not just any coin.

Mr.Cross

jr. member

Activity: 47

Merit: 4

Quote from: Johannson on April 26, 2018, 08:51:11 AM

Do you guys think that it is possible to be successful if I want to hold ( a year), but look at the charts only once a week (even less), then trade only if I see a huge loss? Let's say I set a loss of 10% now, will I have to trade a lot?

Thanks in advance

Trading is more risky, but revenues are correspondingly high if you have a specific strategy. And if you are a beginner then I recommend you to enter into promising coins and hold for a long-term

hiker

newbie

Activity: 58

Merit: 0

Holding and trading is a good strategy when you select coins you want to diversify your holdings into and trade them against your reference currency (i.e. bitcoin).

Either you get profits from trading or you become an investor (which you were to be at the first place). This is the optimum strategy.

dikistutmazsabri

member

Activity: 279

Merit: 10

I think it's better to do the hodl. at least not at risk. your loss rate is too low. but when you trade, your loss rate is high and risky. If you are not good at analyzing, you lose when you trade.

Lastsamuraj

full member

Activity: 266

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Prontapay

Its very simple.You ether trade ether not.You cant check chart once a week.The one must be always in a price change.On top of natural growth or drops,there are news lets say,pumps and dumps.All that can be traded with a profit if done correctly or even lucky. Sometimes can edn up even in minus with some coins.Risk is big.Thats why a lot of people just prefer to hold

Lumada

sr. member

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Quote from: ohlawdy on April 26, 2018, 10:05:07 AM

Quote from: max1616 on April 26, 2018, 09:16:20 AM

Trading is both time consuming and very tiring..Always hodl is good..When it reaches a satisfactory level, sales are made.

This is the easier way to do it , with the swing trading you describe i think you are gonna have a hard time doing it. Because there will be moments you will be so wrong that you will lose all the profit you made on earlier trades.

Holding needs to be match up with the situation, if you dont really prefer trading then holding will definitely yours, but time will come that you might say that I missed those time I see them that amount and so on , so think only of alts worth holding.

ohlawdy

full member

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- "Bitcore (BTX) - The Future is Now"

Quote from: max1616 on April 26, 2018, 09:16:20 AM

Trading is both time consuming and very tiring..Always hodl is good..When it reaches a satisfactory level, sales are made.

This is the easier way to do it , with the swing trading you describe i think you are gonna have a hard time doing it. Because there will be moments you will be so wrong that you will lose all the profit you made on earlier trades.

max1616

member

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Trading is both time consuming and very tiring..Always hodl is good..When it reaches a satisfactory level, sales are made.

Bardman

hero member

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Quote from: Johannson on April 26, 2018, 08:51:11 AM

Do you guys think that it is possible to be successful if I want to hold ( a year), but look at the charts only once a week (even less), then trade only if I see a huge loss? Let's say I set a loss of 10% now, will I have to trade a lot?

Thanks in advance

You are basically talking about trading, swing trading to be precise where you wait for big bull or bear moves and trade then. If you are going to do that, I suggest to learn about swing trading and set your losses very strategically not on a random %. For instance if you were looking to buy bitcoin right now, it wouldn't be a bad moment, you could buy it at 8700~ and set your stop loss below the last daily low which is around 8600.

jimely0907

newbie

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just the depend on you what you are trading bro

Johannson

newbie

Activity: 70

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Do you guys think that it is possible to be successful if I want to hold ( a year), but look at the charts only once a week (even less), then trade only if I see a huge loss? Let's say I set a loss of 10% now, will I have to trade a lot?

Thanks in advance

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