Like I said there is no objective answer to trading correctly. Like if someone had $10k to spare and bought Ethereum at $1 and simply just held, they now would have generational wealth (about $46mil). Could they made more by trading? I highly doubt so, keep in mind 90% of traders lose money. If you have a certain amount you can bear to lose just buy and hold a mix of fundamentally strong projects in the bear market for the long term. You only lose if say the whole crypto market goes to zero which honestly is almost impossible. Yeah anything technically is possible, like an asteroid wiping out humanity is also possible but its almost impossible. And trade with a certain amount you have. I know all about keeping your losers small and letting your winners run and stuff like that. The risk in trading is due to emotions, unless you are the perfect trader there is a risk that you do something wrong that you won't make as much as if you simply held long term.
Like I said, buy and hold is a long term trend following strategy. I guess it works well in the long term if you can stand the rollercoaster ride the markets like to give you. Myself I found didn't have the stomach for it, so I found a strategy that is worried more about keeping my what I have rather than what I might have if only. The only thing certain in the long term is that eventually you end up dead.
No; probably because at one time I got run over by the market when I was chasing it. Kind of like how I lost what I thought was a very smart dog.
Whether it’s hodling or trading, each has its perks and pitfalls. Most people are not meant for trading because they just can’t stomach the volatility of the market so they prefer hodling. But hodling is not as easy as it seems. Contrary to what people think, hodling is not about simply buying and holding onto cryptocurrencies. It too requires strategies, most importantly a solid exit strategy because without it a person may be holding in the profit taking time and pushed into the bear phase.