In crypto space, market is highly volatile and very risky at the same time. Perhaps, thats how tricky and playful crypto is and by means of decentralisation. There are 3 types of traders on crypto space.
1.) Short term traders - Its a day to day basis trades can be small or large amount of quantity which the time duration between entry and exit is within a range of few days to few weeks.
2.) Mid term traders - It might be a better strategy to sell winning trades in the medium term time frame and buying into other new growth opportunities as oppose to holding these positions long term. A medium time frame is a holding period of a few weeks to a few months.
3.) Long term traders - During the long term, all factors are variable. In finance or financial operations of borrowing and investing, what is considered long-term is usually above 3 years.
I actually prefer short term trades for daily income and mid term trades for possible growth and take new opportunities to invest again.
Do you have any thoughts? Please share your tips and tricks how to make good profits.
Topic: Types of Traders / Tips and Tricks (Read 41 times)
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