Re: if you are a trader, how long it took for you to become profitable trader?
The reason why I said weekly is because at least some traders who doesn't stress much with their trades will always trade just maybe twice or thrice in a week and they try to take positions that they have had enough conformation of making profits. That why I said weekly, some scalpers experienced lots of losses too.
Yep. If traders don't want to take much stress, 2-3 times for trading in a week is enough. You're right, there are many traders who get losses as well. It is not as easy as we think to take profits. Day trades or scalpers must face the challenge of the change on crypto market trends. This is sometimes to be the factor that the prices drop suddenly and it is quite difficult to avoid losses.The market right now is pretty volatile - lots of opportunities.
If you bought coins beforehand - only hold, that would be the stable option right there.
Crypto market remains the same. It is crypto coin prices which become more volatile. If you bought coins beforehand - only hold, that would be the stable option right there.
Don't only hold!! You need to monitor the price change of your coins. If you are investing in crypto coins, you must have the target for taking profits (exit plan). You should learn the price change constantly, don't miss the chance to sell at the peak....