trading has been a difficult process for novices and minor traders. it could be tempting most times if you dont understand the market movement and TA. you might loose patience and cancel out a trade you might regret later. i have cancel out many trades that later ended up in huge profits. i have also cancel some successfully. i just curious to know if there is any sure way to this trading were by you hold on a trade.
It was hard for me to understand at first but I suggest creating a strategy and plan that allows you to know when you'll exit with profit or with loss before executing the trade. It does not matter how long your trade takes. time is arbitrary and you don't control the market. set up a trade and wait for it to either hit your take profit or stop loss. sometimes the move you expect takes 10 minutes sometimes it takes 10 days or 10 weeks. If you don't have patience you are going to have a bad time.
As a trader, I personally wait for the market to fluctuates before I make a trade though it takes a lot of time I do still wait for it. In this kind of market, patience is the key because you will never know what and when the markets make a move. Having a strategy or plan upon your trade would be the best to do in this kind of work. Besides, as a trader you are ought to monitor the market or have a notification about the market.
I'm a day trader and I have holding period of just 5 days. I do not hold for a long time because for me it is wasting of time. If my trade did not materialize then I will let go the coins that I have and I will find another coin that I can trade. There are a lot of opportunities in market and why I will let myself to hold a coin that can make my portfolio have a losses.