Quote from: Cherylstar86 on May 02, 2021, 11:38:58 PM

Quote from: Yamifoud on May 02, 2021, 10:41:24 PM

Quote from: Alexbenua97 on May 02, 2021, 08:47:32 AM

My trading strategy is intuitive. I know technical analysis, but I don't use it. Perhaps in vain, but mostly I catch drawdown movements, buy and sell later! Has been working for 3 years! Grin

You're wrong in not using it, that was your advantage, you can never appreciate TA's if you don't bother to apply what you have learned.
Perhaps, you don't wonder why you often lose as simple buying and selling without market analysis is pretty hard to catch a better price. I'd try that before but it never works, we are just lucky if we can make a profit as mostly it ends badly. I would say that to use it, then you can see a big difference results of your trades.

Maybe the good strategy to do here is to hold asset for years and wait for the exact time for it to reach a good value. For the maintime don't dump it without any purpose, because without analysis can be dangerous for us due to volatile market.
If you're planning to buy while price started to go down, just apply cost averaging technique also with buying when price starts to go upward trend.

Yups, I agree. Holding your coins for a long period of time is a good strategy for investing. But you need analysis for this long-term strategy, because with analysis, you can predict where the coin will develop later. At least you have a benchmark for the price to go up to what point in the future, so that you sell it at the right time. Although it will not be exactly the same as the market fluctuation that will occur later, as a reference for the coin in the future it will increase or decrease, you need this. Anticipating steps before something happens is necessary, so that we don't panic too much with surprising facts later, like it or not we have to be ready if the predictions about your facts are correct. Precisely with that you can reduce the impact of the risk that will occur later, even if you find that the loss will not be much, because you already have a benchmark for that, and don't forget to put a limit or stop loss, it will really help you avoid the risks very big later.