Holding or Trading? When I started with Crypto I was always | GEMS BY KANS CHANNEL

Holding or Trading?

When I started with Crypto I was always a fan of Holding a lot of coins and hoping they would all go x100 and I had almost no USDT available, because I bought so many coins. So every dip I was like fml wish I had some USDT left to buy the dips. I noticed that this strategy won't make me rich. It would make me money yes, but not rich.

So I changed my strategy.

I sold everything to have 100% USDT available. Then I started to buy dips, red days, support levels and sold them directly at the first resistance. Which gave me usually around 10-20% on each trade. Then I saw some coins go harder and I missed out on some gains. Then again I changed my strategy to: sell 50-70% around Target 1 depending on the circumstances and keep some bags for target 2 and 3 etc. I noticed that I made so much more money than just holding and hoping to get rich.

Must admit that since I'm doing this strategy I did have some red days, but never had red weeks / months. Because there is ALWAYS USDT available to buy dips and DCA if a bag is in loss.

Try to find what works for you!

There is no good and bad. If you make money with your current strategy then try to perfect it. That was I described works perfect for me. I do miss out on some gains on green days because I sell too early, but I don't care. There are a lot of opportunities each day.

Even in "bear"markets you can make profits by buying support and selling resistance. But make a plan and follow it.