Quote from: Oshosondy on Today at 11:57:23 AM

Quote from: Coin_trader on Today at 11:26:43 AM

But you forgot to consider that you can do multiple swing trade on the period of 2 months or 2 years on calculating the potential profit. The OP is actually right about his strategy, It’s simple and common but that is the best strategy on bear market like this since the price keeps dipping and correcting in short period of time and holding long term while there’s a clear sign for a long downtrend is just missing the opportunity to earn and increase your position before you hold for long term. You can always buy once there’s a confirmation of uptrend because you just missed some percent of profit compared to the person that buy the bottom but still swing traders has more profit in total due to there small trades during price swing.

No one is against swing trading, but it has to be learned and know how to avoid or minimize losses but maximize profit. I did not against swing trading, what my advice was about is that it is not good to hold fiat too long as described in the OP if you want to maximize profit. Multiple swing trading is not bad in 3 months, but just one swing trade in over 3 months or longer is what I am talking about, no one againsts swing trade here. The problem will be during a bull market, the strategy will not help.

I agree and understood the point swing trading is good but at the same time is more profiting to professionals have may have built good trading knowledge through long-term experience, making swing trading twice within 3 months is not too much but then I may rather follow the traditional methods learn from my trading experience.