Post
Topic
Board Trading Discussion
Re: Gaining quick profits or keep holding?
by
Nasty23
on 14/05/2019, 21:33:15 UTC
The market now gradually increasing and seems like good idea to gain quick profits in my opinion.  What's your view guys?  Is there a tends that it will constantly to rise  after day or two or it will stop increasing again? And kindly suggest which is better way now  "gaining quick profits or keep holding until the bottom of this pump?" )'cause im very confused now which is good strategy and i don't know what to do.
If talking about the strategy depends on your analysis of the market, for me quick sell maximizes profits, here every increase will definitely have a correction so before there is a correction I choose to sell with a profit from what I target or get. It's just that for this time the correction isn't here yet and I don't think there's a correction this week and maybe the increast continues, if you decide to hold it is the best choice and a quick sell is also good.
I agree, your strategies will always depend on your market analysis because it will guide you to do a trade that will benefit you in the future that's why it's always better to study first the market before entering on it. For this time, it's better to choose to keep on holding as we know that cryptocurrency are in low prices on which surely it would give us a huge profit in the near future because of the potential adoption of it in our community.