Post
Topic
Board Trading Discussion
Re: Why choose LONG-TERM TRADING?
by
justdimin
on 09/05/2018, 04:27:28 UTC
Actually long term trading/ holding is good for people who does not know how to trade.

Just like investing they can just sell it when they think the profit is enough.

Also with this strategy you do not need to worry about price dips/crash because history shows that Bitcoin/stable coins will rise in the future.
It is actually the best for those who really do not have much idea about trading, but it still requires you to always have some strategy even with the long term trading as well. At least, you should know some basic stuff like supports and resistance, know how to use some of the indicators for long term divergence and at least also know how to manage some risk and when to sell.

All these things require some knowledge but apparently not as much as what a professional trader would need.