Post
Topic
Board Trading Discussion
Re: How long do you hold on a trade.
by
Karmakid
on 25/01/2020, 07:24:02 UTC
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.
depend on the market. if in the market show good movement maybe i will sell my coins and follow the movement of market conditions. it not take long time maybe one or two days because i always analisys and search good coins to trade when i lose. it make me difficult to hold coins with long term hold because i am daily trader
If the movement of the market is good then you should not sell immediately, you should wait and observe the possible outcome of the movement and once the trend is broken that is when you are going to look for an exit price so you can still sell at a profit. Buying and holding a trade is easy but having discipline is hard.