Quote from: Ben Barubal on Today at 06:48:33 PM

Quote from: JamesDaniel90 on May 25, 2023, 02:59:27 PM

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

You are the one who will know for yourself if you can keep up with day trading even if we face a bull run. Just remember that it's not easy to keep up with the bull run if you do day trading. That means the only people who do this are actually those who have a deep understanding of bitcoin.

Because if you are left behind, it will continue, and it will be difficult for you to catch up. Because if there is a retracement, for sure its value will increase more than the price you sold, you get it? So if you're worried, don't try again.

Agree with u, day trading is practically a casino, now a swing trade is better, a spot trade without leverage (at least initially) is a good strategy too. Or simply leave it stored in the coin's wallet.

The market is made up of macro and micro trends, trying to predict a macro trend by looking at the asset's weekly chart is easier than identifying micro trends on 1-hour charts, etc.