Do you guys think that it is possible to be successful if I want to hold ( a year), but look at the charts only once a week (even less), then trade only if I see a huge loss? Let's say I set a loss of 10% now, will I have to trade a lot?
Thanks in advance
The size of your stop loss will depend entirely on how much time you are going to hold that trade, you're talking about a 10% stop loss but I have seen bitcoin in the past moving 10% down in just an hour and I have seen ethereum losing 16% in a single day, so before you begin to trade you need to have a very solid plan about what you're going to do if you see movements like those in the market.