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Author Topic: Hold and trade which is best for you?  (Read 37224 times)

Offline Uruhara

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Re: Hold and trade which is best for you?
« Reply #555 on: December 16, 2024, 01:34:29 PM »
I understand, but when you are a beginner things are different, you have to start with something to acquire it, if you have no experience, at least there are these photos, there are social networks, YouTube where you can see technical analysis, see how other traders do it so you can learn, this is valid, but I recommend reading books before trading, to at least know how the market moves, personally I read Wyckoff and Livermore, very good, you learn a lot of things and have a lot of arguments when it comes to placing a trade.
Take note not all on social media and youtube are good as source of learning about strategies. If you want to learn then start with basic like how you read candles and learn patterns and then practice with paper money on tradingview until you discover how the price action works. When you grow you can start small amount and challenge your self to make it big. After you build a confident you can start trading with large amount. Just beware on intraday thats pretty risky better learn swing trading.
Having theoretical insight is very important for a beginner. So they need to learn about all that first. Nowadays there are many ways to learn everything. but yes, direct experience in the market will be very different emotionally. In theory, chart patterns and other analyzes can be learned, but the problem for beginners is often the same, namely that they are sometimes still quite weak emotionally. Where their emotional management is sometimes still not good enough. And usually they lose in trading not because they lack insight, but sometimes they lose because they can't control themselves, like they get carried away by hype and the like. Experience can help but yes it has to start with small capital and increase it slowly.

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Re: Hold and trade which is best for you?
« Reply #555 on: December 16, 2024, 01:34:29 PM »

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Re: Hold and trade which is best for you?
« Reply #556 on: December 16, 2024, 07:19:20 PM »
I understand, but when you are a beginner things are different, you have to start with something to acquire it, if you have no experience, at least there are these photos, there are social networks, YouTube where you can see technical analysis, see how other traders do it so you can learn, this is valid, but I recommend reading books before trading, to at least know how the market moves, personally I read Wyckoff and Livermore, very good, you learn a lot of things and have a lot of arguments when it comes to placing a trade.
Take note not all on social media and youtube are good as source of learning about strategies. If you want to learn then start with basic like how you read candles and learn patterns and then practice with paper money on tradingview until you discover how the price action works. When you grow you can start small amount and challenge your self to make it big. After you build a confident you can start trading with large amount. Just beware on intraday thats pretty risky better learn swing trading.
Having theoretical insight is very important for a beginner. So they need to learn about all that first. Nowadays there are many ways to learn everything. but yes, direct experience in the market will be very different emotionally. In theory, chart patterns and other analyzes can be learned, but the problem for beginners is often the same, namely that they are sometimes still quite weak emotionally. Where their emotional management is sometimes still not good enough. And usually they lose in trading not because they lack insight, but sometimes they lose because they can't control themselves, like they get carried away by hype and the like. Experience can help but yes it has to start with small capital and increase it slowly.
A beginner should only use the amount of money that he can afford to lose when trading so that he can control his emotions and learn by experience. However, trading is not as easy as we say it because if you are a trader, you will understand what I mean. Beginners need to learn trading to be grounded in it because it's very risky, otherwise, you will always be a loser.

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Re: Hold and trade which is best for you?
« Reply #556 on: December 16, 2024, 07:19:20 PM »

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Re: Hold and trade which is best for you?
« Reply #557 on: December 16, 2024, 09:52:18 PM »
Another benefit of holding bitcoin without trading at risk is what we just have today again, as the market crossed to $107,600 all time high, this is more exciting to others, we are going to see it more rewarding than ever before because the market continues to pumps the more for this season, those that have already hold will be enjoying the ride on a bullrun by now.

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Re: Hold and trade which is best for you?
« Reply #558 on: December 16, 2024, 11:15:46 PM »
Another benefit of holding bitcoin without trading at risk is what we just have today again, as the market crossed to $107,600 all time high, this is more exciting to others, we are going to see it more rewarding than ever before because the market continues to pumps the more for this season, those that have already hold will be enjoying the ride on a bullrun by now.
Bitcoin is showing good performance in the market right now, because the price of bitcoin has reached ATH $ 107K before this year ends. and it is likely to reach ATH again before December ends.
Hold bitcoin and wait until the price of bitcoin reaches Top ATH next year is a good way that we can do right now.
Bitcoin is predicted to reach more than $ 150K so before reaching ATH we can continue to wait patiently and hold.. but DWYOR, all risks are on each.

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Re: Hold and trade which is best for you?
« Reply #559 on: December 17, 2024, 12:17:36 AM »

Take note not all on social media and youtube are good as source of learning about strategies. If you want to learn then start with basic like how you read candles and learn patterns and then practice with paper money on tradingview until you discover how the price action works. When you grow you can start small amount and challenge your self to make it big. After you build a confident you can start trading with large amount. Just beware on intraday thats pretty risky better learn swing trading.
Without a doubt, that's the way things are. I've read a lot of books, but not about technical analysis, but rather by some of the market speculators like Wyckoff and Livermore, because it seems to me that they share their experiences and because of that one understands the market better. Now, in futures and short-term trading, it seems to me that things have changed a lot, the fundamentals are different, and of course I'm not going to deny that I follow a trader who trades options and futures, and he does it very well. In fact, he says that in that type of trading , the Patterns are the most common.
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Re: Hold and trade which is best for you?
« Reply #560 on: December 17, 2024, 04:54:15 PM »

A beginner should only use the amount of money that he can afford to lose when trading so that he can control his emotions and learn by experience. However, trading is not as easy as we say it because if you are a trader, you will understand what I mean. Beginners need to learn trading to be grounded in it because it's very risky, otherwise, you will always be a loser.

It is true that beginners should use enough, and practice first for tips and tricks in trading when they understand enough they can add capital, and when they are sure they can manage risk and accuracy, no matter how much they trade it doesn't matter because I am sure that professional traders, the level of loss will definitely be minimal because they will understand when making decisions.

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Re: Hold and trade which is best for you?
« Reply #561 on: December 17, 2024, 05:02:19 PM »
It is true that beginners should use enough, and practice first for tips and tricks in trading when they understand enough they can add capital, and when they are sure they can manage risk and accuracy, no matter how much they trade it doesn't matter because I am sure that professional traders, the level of loss will definitely be minimal because they will understand when making decisions.

Some beginners are always lucky, you can see a newbie right now in crypto for the first time buy one or two coins and makes profits that someone in the space for a year hasn't make but the thing is that, such luck comes ones in a while, you don't get it all the time, this is why every beginner need to learn even when the market is great.

If I'm a beginner today, my first step in crypto is going to be holding a coin, I will not stress myself wasting money on trading but while doing that, I will use that time to learn demo trading so I can later use my holding and profit to establish trading degen.
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Re: Hold and trade which is best for you?
« Reply #561 on: December 17, 2024, 05:02:19 PM »


Offline doc

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Re: Hold and trade which is best for you?
« Reply #562 on: December 17, 2024, 11:56:30 PM »
It is true that beginners should use enough, and practice first for tips and tricks in trading when they understand enough they can add capital, and when they are sure they can manage risk and accuracy, no matter how much they trade it doesn't matter because I am sure that professional traders, the level of loss will definitely be minimal because they will understand when making decisions.

Some beginners are always lucky, you can see a newbie right now in crypto for the first time buy one or two coins and makes profits that someone in the space for a year hasn't make but the thing is that, such luck comes ones in a while, you don't get it all the time, this is why every beginner need to learn even when the market is great.

If I'm a beginner today, my first step in crypto is going to be holding a coin, I will not stress myself wasting money on trading but while doing that, I will use that time to learn demo trading so I can later use my holding and profit to establish trading degen.
good advice that a newbie should do because they should only hold while seeking knowledge and experience about crypto because there are many things that a newbie should learn in crypto, they should learn analysis, reading charts and market trends etc.
Newbies should have focus and always practice skills and try to learn trading when they already have knowledge and it is advisable to use small capital.

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Re: Hold and trade which is best for you?
« Reply #563 on: December 18, 2024, 03:40:33 AM »
It is true that beginners should use enough, and practice first for tips and tricks in trading when they understand enough they can add capital, and when they are sure they can manage risk and accuracy, no matter how much they trade it doesn't matter because I am sure that professional traders, the level of loss will definitely be minimal because they will understand when making decisions.

Some beginners are always lucky, you can see a newbie right now in crypto for the first time buy one or two coins and makes profits that someone in the space for a year hasn't make but the thing is that, such luck comes ones in a while, you don't get it all the time, this is why every beginner need to learn even when the market is great.

If I'm a beginner today, my first step in crypto is going to be holding a coin, I will not stress myself wasting money on trading but while doing that, I will use that time to learn demo trading so I can later use my holding and profit to establish trading degen.
good advice that a newbie should do because they should only hold while seeking knowledge and experience about crypto because there are many things that a newbie should learn in crypto, they should learn analysis, reading charts and market trends etc.
Newbies should have focus and always practice skills and try to learn trading when they already have knowledge and it is advisable to use small capital.
When learning up on trading or simply you've been starting up then its just usual that you should really trying out to have a good grasps on everything and as you do go foward then it will really be normal that you will be experiencing some mistakes and errors on which this is really just that common. You are the ones who will really be needing to adjust because you wont really be able to learn if you do find yourself having some that easily get discourage on the moment that you do suffer loses on which there are people who cant be able to tolerate ou such condition. So it will really be that depending on you on how you do handle up yourself.

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Re: Hold and trade which is best for you?
« Reply #564 on: December 19, 2024, 01:09:27 PM »
Another benefit of holding bitcoin without trading at risk is what we just have today again, as the market crossed to $107,600 all time high, this is more exciting to others, we are going to see it more rewarding than ever before because the market continues to pumps the more for this season, those that have already hold will be enjoying the ride on a bullrun by now.

If Trump's administration supports the cryptocurrency industry as promised, the value of coins, particularly bitcoin, will continue to rise, which will benefit investors who hold. Holding requires patience, and not all traders are ready for long-term investments, so they opt for instant profits.

I do not hold for long periods of time; instead, I set an investment plan and trade as long as there is a profit, no matter how small. However, because the cryptocurrency market is volatile, if a price drop or crash occurs at the end of my investment period, I will hold and even buy more coin.

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Re: Hold and trade which is best for you?
« Reply #565 on: December 19, 2024, 04:54:27 PM »
I agree with what you said, in trading it takes a lot of knowledge because trading requires knowledge. We must be able to do fundamental and technical analysis and also develop the right strategy so that the results we achieve are greater profits than losses.
A trader must also experience defeat, but the victory must be higher than the defeat he suffered.
Yes, we must accept things as they are, in trading you learn every day, learning is always continuous, in addition there are many things that can positively or negatively influence the market, I generally see that almost all the fundamentals are negative, the only positive fundamental I have seen is Trump's, which made the price go up in an impressive way, I hope it continues like this, in general the books to read about trading are very good, it is a plus that we have when it comes to seeing what it can contribute, and the videos that some traders make out there on Youtube.
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Re: Hold and trade which is best for you?
« Reply #566 on: December 19, 2024, 04:58:44 PM »
good advice that a newbie should do because they should only hold while seeking knowledge and experience about crypto because there are many things that a newbie should learn in crypto, they should learn analysis, reading charts and market trends etc.
Newbies should have focus and always practice skills and try to learn trading when they already have knowledge and it is advisable to use small capital.
For newbie have lack knowledge about cryptocurrency trading way better to be long term holder than trading because not difficult for making research and analyze just hold for selling when price pumping drastically.
Become short term holder for beginner very difficult how to make accurate analyze and make research firstly before trading at the potential altcoin. But when becoming long term holder just waiting correction moment to buy and hold it for longer time when price have pump, its easy way for beginner without spent all days for analyze about which one coins profitable for short term trading.

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Re: Hold and trade which is best for you?
« Reply #567 on: December 20, 2024, 08:29:31 PM »
I agree with what you said, in trading it takes a lot of knowledge because trading requires knowledge. We must be able to do fundamental and technical analysis and also develop the right strategy so that the results we achieve are greater profits than losses.
A trader must also experience defeat, but the victory must be higher than the defeat he suffered.
Yes, we must accept things as they are, in trading you learn every day, learning is always continuous, in addition there are many things that can positively or negatively influence the market, I generally see that almost all the fundamentals are negative, the only positive fundamental I have seen is Trump's, which made the price go up in an impressive way, I hope it continues like this, in general the books to read about trading are very good, it is a plus that we have when it comes to seeing what it can contribute, and the videos that some traders make out there on Youtube.
I agree in trading we have to learn every day, because it takes knowledge and experience in making analysis and developing strategies that we should understand when deciding to learn trading.
We must have good skills and always monitor the movement of the crypto market, because at any time the price can change because of the character of the crypto market which is always fluctuating.

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Re: Hold and trade which is best for you?
« Reply #568 on: December 20, 2024, 10:37:34 PM »
I think we all have different goals and aspirations, it is very difficult to give a rabbit when a person is looking for something in particular, holding or selling is according to our needs, and from there we start, you do not have to be very detailed, if there is an emergency sometimes the investment must be sold to solve it, but as long as it can be in hodl mode, at least in btc, it is a good thing, it is expected that by 2025 things with btc will be much better, and the price will reach much higher, because that famous 4-year cycle is fulfilled.
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Re: Hold and trade which is best for you?
« Reply #569 on: December 20, 2024, 11:29:45 PM »
I agree in trading we have to learn every day, because it takes knowledge and experience in making analysis and developing strategies that we should understand when deciding to learn trading.
We must have good skills and always monitor the movement of the crypto market, because at any time the price can change because of the character of the crypto market which is always fluctuating.
It is not a must to learn everyday but it is true that we must learn constantly. As a trader, we must always need to have more knowledge because crypto market always changes. If we don't improve our knowledge, we can adapt with the current condition in crypto market. To have better skills, it is a must to learn new things. So, I agree that we must keep learning but it is not a must to learn everyday.  :D


 

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