Quote from: hero_the_bossman on Today at 01:31:42 PM

Quote from: goldkingcoiner on November 27, 2024, 06:00:28 PM

Quote from: Ekanayake90 on November 24, 2024, 08:49:39 AM

What trading strategies do you use and what indicators tend to give you the best results? And how many indicators are you guys using at once?

1. Never sell on a loss. Bad trades go into the hodl pile.
2. Do not worry about how low the lowest price will be. Just buy the dip.
3. Keep your emotions in check and do not trade when you are emotional.

For how long do you usually hodl bad trades?
Or it depends on the situation?

As long as it takes to not make a loss. Usually a long hodling time is rare, but it also depends on the time frame you are trading on. If you trade on the 1 day frame, you will find mistakes can take days to weeks of hodling. But you can usually find a spot to sell at a profit in a short time frame, sometimes within the same day. If you were unlucky enough to get hit by multiple dumps then the worst thing you can do is panic and sell. That is 99% of the reason why traders lose money.