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There is a misconception in terms of using the HODL as strategy wherein a lot of people thinks that this strategy is the best way to earn money. Actually it is not the best way because it is not applicable in all kinds of trends and it is only applicable in uptrend. People who doing this are most likely doesn't have enough knowledge about market but it is not important after all because what is important if that strategy is suitable for us. HODL doesn't mean that you will hold it even if the trends showing weakness, there is a misconception because it requires strategic planning where you need to know the exit and entry point especially if you want to have high winning rate.
That will depend on what people think about HOLD itself because I am sure that some people hold their coin because of being forced from the situations of the bearish market, or they have a target price to sell. HOLD can become a strategy if we have the entry and exit point so that we can act based on the market situations, and if the price can touch the target price that we want, we will sell it at that time. Each people will have a strategy for holding their coins, and they will sell the coins if the price touches the high price, that is for sure.
It's not greed to take profit along the way, everyone of us here has an entry and exit point how much profit we want to take but even if you are a short term trader you should have funds allocated for long term profit, because long term is where we got the most profit and it's proven.
But not all trader have an entry and exit point, especially with the exit point because many of us will hold for more when the price increase higher.
because you are not pointing for a day trader mate instead what you are talking about here are those chance trader that can afford to keep holding and not relying for daily income this is different from day trader.
Day trader still have the entry and exit point because they calculate how much differences of the price that they can see to sell the coin, so they can make a profit. No matter if he is a day trader, holder, or normal trader, the entry and exit point will be an important point in trading.
Some of us want to make a bigger profit, so we hold bitcoin for a while until the price can increase more. If that is what we do, we will not make a nice profit, but we will get a small profit.
actually This is Semi long term holding mate,when a person can wait for a week or month waiting for what amount he wanted to sell.
Semi or medium holding will not be a problem as he can make a profit. But I prefer to get a little profit if the market moves not good, but I can trade over and over.
We forget about our target sell price because we want to make a bigger profit, which is not always we can get. It's better to profit while we can than to lose the chance to sell at a high price.
when i am still trading i am not looking for being greed instead i am contented in at least gaining 5% for a day.
because for me?it is enough to gain small than losing at all.
You are right. I am searching for a small profit if I don't have a chance to make a big profit. I think if we can get that profit over and over, we will make more profit.
