Different people will have different opinion on this question and while some might say trading would be a better option the others will prefer holding.
So it all boils down to one's experience and skills. If one is really good at trading then he might make more profits considering that he's able to make profits both in pumping and falling markets.
For others, holding is a better options as it gives magnifying returns over the long term.
Preference matters along with skill and experience as well. I have seen plenty of traders who made a lot of money to become holders eventually. A friend of mine started with 8k, made it to a few million dollars and retired, now he is only holding and not caring about it at all. I believe that is the most important part, if you are preferring one way, then you will do it that way.So it all boils down to one's experience and skills. If one is really good at trading then he might make more profits considering that he's able to make profits both in pumping and falling markets.
For others, holding is a better options as it gives magnifying returns over the long term.
While I do small trades, I usually just hold, not that I am holding much, but I rather save aside and hold that for long term, not because I can't trade, or not because I lack experience, been here long enough to do something, I do that because I like doing that one most. This is why it's clear we are going to end up with a better result and we shouldn't really consider anything further at the moment.
Just from interest - what he traded to such a degree he got such a sum going to get it and retire from trader trenches?
