My advice to traders that are losing is to still continue to trade, but use just 20% while 80% should go into holding. What do you people think about this? Out of 100% fund, what percentage can you advise a trader to use?
I am replying quite late but you are totally right. We should not put all of our money in one go, instead, we should perform DCA (as you said) but the percentage depends on the capital of each individual. Like if I have only 200$ then I would like to hold or trade only. because with this money, I will get fewer profits if i am involved in both holding and trading. But if I have 2000$ then I might make a DCA plan, like 50% for holding and 30% for trading, and 20% for buying at dips. Yeah, as I said putting all of your money into the market is not wise, because sometimes there come such beneficial entry points in the market but due to no fiat most of people could not take benefit out of it.
The rich are the ones that can buy coin and leave it for many years because they don't have anything they are doing with the fund. An average man would always want to sell when he makes some profits from the market to available market volatility which can affect the price of the coin.
That's why holding is mostly performed by the ones having jobs or a great amount of money because they know that, their daily expenses can be met by their monthly or weekly income which is confirmed so they can accumulate their fiat and then can invest it any assets like real estate or Bitcoin (depending upon their mindset). But traders have to meet their daily expenses with their profits of trades plus if they want to hold they have to save money.
good catch here is when you successfully read the patterns, the profits for sure are decent to huge.
Ok, let's say i read the patterns successfully by using automatic tools, or by speculating news from Twitter's influencers, or by observing the order book manually. i came to know that, Whales had interfered in the market and Now the thing which came to mind is, How to react? because as LUCKMCFLY said, we should not go against the whales instead we should follow them. My query is, they move too fast that sometimes we are left behind, and we can't follow them. In that situation, what we can do except going against them because doing it, is not wise able by LUCKMCFLY? Then how can we make decent huge profits?