Quote from: InahC on March 20, 2018, 10:21:09 AM

Quote from: majest3 on March 20, 2018, 08:42:28 AM

Everyone is always telling you to just HODL through the ups and downs and Don't day trade.

But isn't HODLing a form of trading it it's own right? When you HODL you are always betting that it will go up eventually, no matter how much it has fallen.
Wouldn't it be better to set profit and loss targets and if it is reached, sell? The one thing that is consistent in derivative markets is that they go up and down, never just in one direction.

So you may miss out on some possible gains, but is that a bad thing if you have locked in profits. It is not as though you can't get back on the bus.

It has occurred to me if l HODL, l could be no different to gambling. Imagine going to the casino and betting on Black continuously, it doesn't matter if l win or loose as l have never set an exit target, so l keep betting until there is nothing left.

If the market is rising then HODLing is great, but is it so good when your coins just fell 50%...I don't think so!

Well, To be honest, It's really different, Day trading is when you trade in different coin every minutes. While Holding is when you hold your coin for years, because you have faith in their technology or project.
Holding is when you don't really look at your coin. Like those people who got rich in bitcoin, Some of the people that got rich in bitcoin forget that they have bitcoin for a year then claim their money. That the true essence of holding. It's like time deposit with a risk.

It is all about what kind of time-frame you are looking at ...

While you place your position in the market, you can go for long-term position or short-term position.
Generally speaking..

On short-term position you liquidate your asset and cash out.
On long-term position you keep your asset.

The financial jargon "day-trader" meaning is that the trader change position in a period of 24 hours ...