Post
Topic
Board Altcoin Discussion
Re: What is your trading plan?
by
BorutosDad
on 19/01/2019, 16:24:45 UTC
Is the hodl strategy good? An unequivocal answer to this question is impossible: it all depends on the situation and the specific asset. On the one hand, traders are often exposed to emotions and sell an asset when it begins to fall in price, taking losses, after which growth resumes. This is especially true for newbies and is one of the reasons for the complete “draining” of a trading account. In these situations, a strategy hodl save many speculators, losers from ruin. But there is another side. In other situations, the hodl strategy, on the contrary, may be inappropriate and lead to ruin. Especially in the world of cryptocurrencies, which in themselves are super-risky actives, are subject to very significant fluctuations in prices and can fall in price repeatedly, including falling to zero and never recover their value.