Post
Topic
Board Trading Discussion
Re: What is your trading strategy?
by
nyteo
on 07/12/2017, 15:36:21 UTC
I prefer daily trading, it is my technique. but in trading, you must know how to Determine a strategy. How many times did you sell and buy cryptocurrency in one week? Some people want to be daily traders, but many people have proven that holding for the long term is more profitable. A strategy I always tell friends who are new to cryptocurrency is "buy and hold". The longer you plan to hold a cryptocurrency, the more risk you face. Unless there is an unfortunate indicator of what is going on behind a cryptocurrency, then you have to make a decision to cut loss (sell it).
Trading in cryptocurrency is a knowledge that we learn from experience and not a subject taught in the school. A simpler strategy is not to use more than 10% of your portfolio to experiment in market cryptocurrency. Keep your 90% portfolio for long-term investments. Each crypto has its own uniqueness and risk. By knowing what are the weaknesses and technological advantages, then this can help us make better financial decisions in the sale and purchase of cryptocurrency.