I am trading once in a while because I have coins in exchanges. Sometimes I buy and just wait the coin to go up in value before I sell, of course I know it is in dip. Now, which is better, set it to your expected price so that when it hit you sold? O wait for the price to go up and sell even if it did not reach yet to your target price? Thanks.
My strategy to choose if it is long term or short term is really depends on the situation. like the current market situation the best thing to do is to invest in long term as we need to hold our coins while the price is very cheap.
Agreed sometime we need to sell fast when we reach target profit although only a few hours after buy but sometime we need to buy and hold until good price if price go down after we buy. So short term or long term depend of time and situation,
We cant always be a short term/ long term trader.