Holding could be better
Holding could be better
We can see bitcoin at its low price, instead of some people to just DCA and accumulate, they may prefer to trade, I will advice you not to lose the coming opportunity as some people might lost in the last bull run. Some people are believing that there will be no bull run again in a 4 year cycle, I am not still one of that people, I believe we are still going another round again.
If you know that you are trading and losing your money, it is better to think about this twice or three time or more before making the wrong decision that you will later blame yourself for. We are in accumulation period, try and hold and accumulate.
My advice to traders that are losing is to still continue to trade, but using just 20% while 80% should go into holding. What do you people think about this? Out of 100% fund, what percentage can you advice a trader to use?
The only thing that is important as a trader here in the crypto industry is that we will not give up on our belief in cryptocurrency, as a financial solution to our problem.
Doing trading activity here can give us profit, there is a time every day and there is also a time when it is not, because of the volatility that exists in cryptocurrency. That’s why if everyone only has a goal management that is called in trading, we will not notice that later we are doing DCA via percentage that we give like for example 15% for the profit we get from trading and this is what will be separated ours for long term holdings or it depends on you.
I’ve chosen to hold at most times and if I’d trade, I still do it under different circumstances where I think that I’ll make a profit. Not just random trades but I am making sure that there’s something positive to happen for it. For the newbies, it’s okay to trade and that will serve you as a lesson and will help you gain experience but always have that good allocation on how much you’re willing to learn a lesson and lose at the same time. 5% is already good enough for your whole fund.
I am not a day trader. I trade only when I see good market conditions and of course, see my mood. maybe that’s what made my trading skills so bad.
but I usually use 50% of the funds I set up for trading or gambling. I usually choose one of them, when I’ve traded, then I’m not going to the casino.
I have divided my long term investment assets, of which 70% is Bitcoin. as for trading, I have my allocation, which as much as possible I will not let my long term planning be disturbed.