Post
Topic
Board Trading Discussion
Re: what profit do you need to close the long position?
by
Ipwich
on 08/10/2018, 11:14:36 UTC
If you are a long-term holder, what profit do you need to close the position?
For example, I need a minimum of + 400%
I don’t understand the numbers you wrote there, maybe you meant to say 40%. Cause I don’t know why I should wait till 400%,like how long are you going to wait for that? Even 10% is good if you’re not going to be acting greedy.

Unless in terms of Hodling, then that one has no limit to what percentage I can get. But as for trading, you’re taking every opportunity you see to avoid loss, cause everything might go wrong and you will lose m, unless you setup stop loss, even with stop loss you’re still going to lose some money.
For long term, 400% is possible, like what I saw with the price movement of PundiX, it has pump this year for like 1,000% and that is less
than a year, I guess it's even considered short term, so it's really unpredictable and everything is possible in crypto.