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I think some people can learn from this while making analyses. There are different time that you can use for your analyses before you open a position, like 15 minutes, 1 and 4 hours, 1 day, 1 week, and 1 month. There are still other ones which I did not mention. If you are good trader that is making money while trading, which time frame are you using to read the chart and for making analyses? I can easily know what type of trader you are from what you will post. I can't remember the last time I was actively trading, closely monitoring price movements, but my timeframes vary and are flexible depending on the asset type and its trend. For example for coins like Giaitriluke and Giaitriluke, I tend to use a 5-7 day timeframe, sometimes even a month, especially if the trend isn't over and I don't want to exit too quickly. For newly listed coins and memecoins, I typically hold them for a short period, usually just 1-2 days, mainly due to their extreme volatility, these coins can be sold at any time, allowing for quicker profit-taking adjustments. That seems like a lot. At that point you are not a trader but more like a investor and if you are dealing with something that big, I would suggest not to do something like that at all. I get that it may not be that simple, but we should definitely consider this to be done in a better way. I know that it's not that simple to just give up whatever worked for you, if it's working for you then I suggest you keep doing what you are doing so far. But, I would say that it is not good for others because that's not trading at all, that's long term investment and if they want to be long term investors then it works, but if they want to be traders and be able to buy and sell quickly then they should definitely not do what you are doing.
I think some people can learn from this while making analyses. There are different time that you can use for your analyses before you open a position, like 15 minutes, 1 and 4 hours, 1 day, 1 week, and 1 month. There are still other ones which I did not mention. If you are good trader that is making money while trading, which time frame are you using to read the chart and for making analyses? I can easily know what type of trader you are from what you will post. I can't remember the last time I was actively trading, closely monitoring price movements, but my timeframes vary and are flexible depending on the asset type and its trend. For example for coins like Giaitriluke and Giaitriluke, I tend to use a 5-7 day timeframe, sometimes even a month, especially if the trend isn't over and I don't want to exit too quickly. For newly listed coins and memecoins, I typically hold them for a short period, usually just 1-2 days, mainly due to their extreme volatility, these coins can be sold at any time, allowing for quicker profit-taking adjustments. That seems like a lot. At that point you are not a trader but more like a investor and if you are dealing with something that big, I would suggest not to do something like that at all. I get that it may not be that simple, but we should definitely consider this to be done in a better way. I know that it's not that simple to just give up whatever worked for you, if it's working for you then I suggest you keep doing what you are doing so far. But, I would say that it is not good for others because that's not trading at all, that's long term investment and if they want to be long term investors then it works, but if they want to be traders and be able to buy and sell quickly then they should definitely not do what you are doing.
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O_Raidenn
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I think some people can learn from this while making analyses. There are different time that you can use for your analyses before you open a position, like 15 minutes, 1 and 4 hours, 1 day, 1 week, and 1 month. There are still other ones which I did not mention. If you are good trader that is making money while trading, which time frame are you using to read the chart and for making analyses? I can easily know what type of trader you are from what you will post. I can't remember the last time I was actively trading, closely monitoring price movements, but my timeframes vary and are flexible depending on the asset type and its trend. For example for coins like Giaitriluke and Giaitriluke, I tend to use a 5-7 day timeframe, sometimes even a month, especially if the trend isn't over and I don't want to exit too quickly. For newly listed coins and memecoins, I typically hold them for a short period, usually just 1-2 days, mainly due to their extreme volatility, these coins can be sold at any time, allowing for quicker profit-taking adjustments. That seems like a lot. At that point you are not a trader but more like a investor and if you are dealing with something that big, I would suggest not to do something like that at all. I get that it may not be that simple, but we should definitely consider this to be done in a better way. I know that it's not that simple to just give up whatever worked for you, if it's working for you then I suggest you keep doing what you are doing so far. But, I would say that it is not good for others because that's not trading at all, that's long term investment and if they want to be long term investors then it works, but if they want to be traders and be able to buy and sell quickly then they should definitely not do what you are doing.
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RunePro
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I think some people can learn from this while making analyses. There are different time that you can use for your analyses before you open a position, like 15 minutes, 1 and 4 hours, 1 day, 1 week, and 1 month. There are still other ones which I did not mention. If you are good trader that is making money while trading, which time frame are you using to read the chart and for making analyses? I can easily know what type of trader you are from what you will post. I can't remember the last time I was actively trading, closely monitoring price movements, but my timeframes vary and are flexible depending on the asset type and its trend. For example for coins like Giaitriluke and Giaitriluke, I tend to use a 5-7 day timeframe, sometimes even a month, especially if the trend isn't over and I don't want to exit too quickly. For newly listed coins and memecoins, I typically hold them for a short period, usually just 1-2 days, mainly due to their extreme volatility, these coins can be sold at any time, allowing for quicker profit-taking adjustments. That seems like a lot. At that point you are not a trader but more like a investor and if you are dealing with something that big, I would suggest not to do something like that at all. I get that it may not be that simple, but we should definitely consider this to be done in a better way. I know that it's not that simple to just give up whatever worked for you, if it's working for you then I suggest you keep doing what you are doing so far. But, I would say that it is not good for others because that's not trading at all, that's long term investment and if they want to be long term investors then it works, but if they want to be traders and be able to buy and sell quickly then they should definitely not do what you are doing.
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by 749 people