In crypto trading our choices and decision are as important as the profit we come out with in the trades, but to be the best we have to perfect those choices.
Many people are familiar with buy and hold as a good strategy to make profit, of course this has been a good strategy for many, but for the day traders who don't have to wait all this long on a single trade, they have to follow a different other method which is buy and sell when they are at certain smaller percentage profit. But when you combine this two methods in your trading you tend to make more stable profit than anyone using only one approach.
Feel free to share your thoughts and experiences on this
Long term hold isnt good for trading as it only wasting time waiting for many days without any gains coming into our packet. Yeah, buy, hold and sell are genuine technique but very effective and mostly practice way to earned profits. But a the possible outcomes from trading it depends on how we play on it, having a smart and wise decisions might be in big help in order to succeed.
It is not like long term hold is not good, since it is either you are trading with some good knowledge of how to go about it or you are holding long term and not caring how the market fluctuates in between at all.
Over the years, we have seen how the likes of ETH, LTC and even the king himself, bitcoin has grown hugely, so in this way, it is not a bad thing to hold if you do not have an idea of trading. However, with a good trading knowledge, it even makes it a whole lot more interesting since you will be taking advantage of the ups and downs of the market.