Post
Topic
Board Trading Discussion
Re: Day Trading
by
traderethereum
on 18/03/2019, 13:29:55 UTC
Definitely in the trade of cryptocurrency need information confirming that the project has a good prospect and will grow in the long term, so you need to have patience and discipline to consistently make a profit)
indeed, especially now to get a large profit from trade we must be patient to wait for the market to rise so that the coins traded increase in price. so to get a big profit it must be patient
Patience is the key to success in trading. Day trading is never meant for newbies who have just entered the markets.

Peoples should try to hold as much as possible rather than selling for a short term. Short term profits are quite low and the risk is always higher but for long term profits, we are at least secure and we know the future will show great prices for each coin as the markets will grow up. We can only have big profits if we are able to buy a coin at a exact dip and hold until the coin is onto the peak.

That is why I quit trading. I tried to generate profit by trading but got burned while doing it. Just hodling for now Smiley

Holding will be fine if you are not sure about choosing the right coin. Sometimes I hold my coins too as you because if I force myself to trade, I don't think that I can make a profit, but I can get lose to buy the wrong coin. Trading can not do in a rush because once we are too fast to decide, it will make us get doom on that day. So if you are sure, then you can try to choose the coin and make sure to buy after you can know the good price to buy.