Topic: Why choose LONG-TERM TRADING? - page 47. (Read 8516 times)
there are some people who like to choose long-term trading in my opinion because the person is too busy with the real world busy with his job so they choose for long-term trading because they do not have time to see prices in the market.
Long term trading is investing as I consider. Of course they are more profitable because decisions are more accurate and thinkable. Short term trading has a huge risk and emotional aspect. Every trader or investor from Wall Street knows that investors are more successful in common.
You have plenty of time to take decisions. Plus, there are healthy chances for you as well that you can get best of the money at the end of day. People are mostly going for long term investment because they prefer it to be more suitable than day trading. People want an easy task that is much potential to give your better results at last and long term investment is one of that.
I gave up daily trading because I don't have enough experience to feel the market. I examined charts and opinions, tried to get info 24/7 but it's so complicated and not rationalized, that it seemed more of playing sport stakes. I'm not that lucky to play that, so long-term is just easier and not that risky
I don't think any kind of investment in cryptocurrency is for newbies , they better start in stock market first , they might buy some scam coin like bitconnect or monero gold! and more they wait more , more it goes deep , You need to know how to read a whitepaper and how to investigate about the team and the project before you invest in long term investing.
Hold, simply buy a coin, take it and forget it, you do not have to pay attention to the price often, not technical analysis it is very safe for newbies. The most important thing in hold is choosing the right coin to hold
I think that if you have some good knowledge of the charts you have to choose the long term trading as this can gives you huge profits, make sure that you have enough funds in your trading account because sometimes market go down and if you dont have sufficient funds then your account may be washed. so try log term for more huge profits.
i chosen long term trading because it is more simple with me,i don't see the market each hour,each week,when trading days it is very stress,i have to see the market and i see the change of price,when it down i am very worried because i can stuck with market,i have to need many exo to deceide when i have to buy and sell,with me it is very diffidcult. but when i chose long term i only need chosen the good coin and the price i buy,i will hold 6-12 month and wait,i chosen eth for list long term and i hold the the end 2018,i beleive it can reach 1500 usd,
I am somewhat less amenable to some point
In the article it is written for beginners but how beginners can do some of these things :
First, identify major areas of support/resistance (does a trend have room to develop?
Second, look for chart/candlestick patterns (do they reinforce a trend continuation?)
Finally, look for a logical and high probability point of entry and manage the trade
For other things I agree because it's also a difference from short-term and long-term trading, just in my opinion for long-term trading chances are we can not take much profits and maybe just, the time we spend while holding unworthy with profitability that we got.
In the article it is written for beginners but how beginners can do some of these things :
First, identify major areas of support/resistance (does a trend have room to develop?
Second, look for chart/candlestick patterns (do they reinforce a trend continuation?)
Finally, look for a logical and high probability point of entry and manage the trade
Because you could earn more profit in a long term trade compare to a short term or day trade,
And some alt-coin drops down for a week then after a month or year the price would soar high.
And some alt-coin drops down for a week then after a month or year the price would soar high.
the possibility of long-term trading is much preferred because I think long-term trading provides a lot of profit and avoid the risk of loss, with long-term trading I think it's a very good strategy for new players.
The best is to buy low and very little people are talking about it. Don't join in when the fomo has already kicked in...
Personaly iam doing both, day trading and long term trading. When the marketcap increase and daily volume also going up, there any chance for the price all the times high, when this happen is good moment to do long term trading. But in situation of market now, can be will be more profitable to do day trading, because the price like BTC just on consolidate and going up and down in that area.
Long term trading may be picked by those who has no extra time to watch the price fluctuations regularly. They are people who do believe in a project or at other coins that already has good development and willing to invest and leave they investment for a longer time. Less stess with this kind of investment.
It may be or it may not be. Sometimes time is the element of selecting some other option and sometimes it is money and capital for investment. But in either case, you are allowed to go for a better profit if you chose long term profit. This is long term investment so you have to wait. And yes, this doesn’t need you to give your whole day and everything is just easy and smoothly going.
Choose for long term trading ,it will depend upon to your coin do you have,,if you want to trade you must choose the coin that will have a good value enough,to make sure that you 'll get a good profit,,of course some people choose in long term trading method, because maybe some of them are not know the other aspects of day trading,compare to long term trading,that all you need to do is to have more patient to wait before reach-out your specific target amount,when you decide to hold in long term.
Yes we call it holding only as there is no term as long-term trading. There are many reasons for choosing to hold over trade. Trading is much riskier than holding. A lot market study and research needs to be done before trading. Trading requires lot of time to be invested along with money also. Whereas in holding one just needs to buy coins and keep them for few years. But obviously what is more time consuming is equally beneficial and profitable. Hodling too is great but trading helps you to make greater profits as you buy and sell on each and every wave. But remember you need to be an expert to encash the benefits of trading while hodling is just for everybody.
This is better if you're the kind of person that doesn't want to work much in front of the screen for most of the time but of course you're lossing the oppurtunity in gaining profit in a day. This is also good if you're holding a huge amount of coins, the waiting is worth it.
When holding positions for days you can take advantages of gaps for instance. With shorter term trading you have to be quicker, be more disciplined and think on your feet, with longer term trading you can take your time to take your decisions.
I agree with you.. I'm a long time trader... you have to patience for holding any coin for long term..long term trading give us almost sure success... lose money is less possibility.. so I love to long time hold
In my analyzation in the market, this trend having a long run and the prices is unpredictable .If we're willing to wait that prices reach our targets we can earn tremendous profit as well by hodling our coin in long term hodler. Trading is not so easy but having courage we can achieved and pursue the things. Jump to: