Quote from: darewaller on July 28, 2018, 09:07:37 AM

Quote from: deonyx on June 10, 2018, 05:01:03 AM

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

I dont just HODL, I also do day trading although it seems to be more risky (well, both are risky). But one thing about Day trading is that you will be getting daily profit (and loss), so you get into day trading because you cant have to wait that long for the price to rise.

If you are into Hodl you will have to wait for a very long time (probably months) before the price goes up again and you can make profit and youre not even sure what the price will get to, you dont know if you will recover the loss or not.

Two of the best strategies I have ever come across in crypto currency has been holding on panic days and selling on ath days.
If a coin is going down there is usually a panic involved and many people sell because they are afraid their money will worth zero (they are not very wrong, look at nano, it dropped 98% from the ath levels your 100 dollar investment worths 2 dollars right now on nano) yet if you wait on the dips and buy than and wait until the ATH days and sell than you will not go wrong.

Never ever buy a coin that is above the ATH levels, just sell it. Never sell a coin that is way beyond the 50% mark because you will lose real value.