To those who are trading consistently, I would like to ask you based on your experience.
Which is easier in making a profit, riding with the hype, or waiting until the price will dip?
Most people say that don't buy when the market is bullish, just wait until there's a price correction and the price will dip.
So with your experience, I like to know which is more effective between the two.
I myself doesn't do trade that often nor consistently like for daily basis because I'm still learning and doing dome research on how to trade without losing much.
But when I trade, I usually wait when the market dips then that's my time to buy and ride the bull until it recovers again to make profit out of it, sometimes the profit is not that much but it is still a gain for me rather than losing.
Sometimes, I see some professional traders riding the hype and make some huge profit. And I want to know how they calculate to win that much or is it just a pure luck. Still there's always a risk.
I like the idea, better to continue monitoring and position yourself when you have confidence to do the trade.
More likely, traders see every small or big opportunity when riding with the hypes.
I do trade sometimes as well, but more on small profits,
when I see market is moving and the coin is being discussed inside the forum.
Usually, working to point your position and set your target, stop-loss works
well just make sure you bring big nerve to in taking the risk.