If you are a long-term holder, what profit do you need to close the position?
For example, I need a minimum of + 400%
That's quite a big number for me. Usually, how much time do you need to reach that profit?
I do believe it's flexible, you should consider market conditions too. In the recent market, I think short-medium term trading is more profitable than long-term holding as long as you can ride with the waves.
Yes! It is a huge number when we are looking for a profit. A target must be achievable and it must hit anytime because if you wll expect a huge profit, it is impossible to happen in this market. But if you are reaching your goal then nothing can stop you.