Day trading or Long term - page 9. | Bitcointalksearch.org

R100K-Martin-Lunger

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Quote from: casey15 on February 09, 2024, 07:50:23 AM

So I have been trying to wrap my head around which is a better option, day trading crypto or buying for long term keep.
While they both have their pros and cons, they both come with a form of risk and they are meant to generate profit.
The major difference between them is that day trading tend to make profit from small market volatility, while hodling make profit from the bigger change in crypto value.
Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better

Day trading offers quick gains through short-term market moves but demands constant vigilance and a deep understanding of market dynamics, posing a higher risk. Long-term investment, or HODLing, relies on market growth over time, requires less daily management, and generally presents lower immediate risk, favoring those with patience and a broader market outlook. For those leaning towards active trading strategies without direct involvement, investment funds like R100K.com specialize in crypto, managing assets to potentially capitalize on market trends for their investors. The choice between day trading and long-term investing hinges on individual preferences for risk, involvement, and investment horizon.
If you would like to discuss this further, you can contact me via my Discord: https://discord.gg/dCvaBZWNcG

Marvelman

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Quote from: _act_ on February 10, 2024, 09:57:53 AM

Quote from: Marvelman on February 09, 2024, 08:40:09 PM

Interesting question on day trading versus holding long-term! Going all-in on trading takes guts. But do we really have to choose just one strategy? There seem to be middle ground options too like swing trading or dollar cost averaging into long positions over time. Sure, buying and holding is less work, but we miss out on potential profits that way. Maybe a balanced plan using both short-term trading and long investments based on your personal risk comfort makes sense? Diversity can be good.

I do not agree with you because there are many people that are financially drained because they are trading. If it is holding, we can say 1 BTC is equal to 1 BTC, but trading is different. Some peoole will go more than 1x leverage or going short in a way that their trading assets can be liquidated. If you hold, that does not means you are missing any potential profit because you are not trading, but it might be that you are missing potential losses while holding might helped you in making enough profit.

I think there was a misunderstanding here. I didn't mean to make it sound like anyone could easily make money trading and of course there are risks involved. The market's not some magic money machine you can just turn on and watch the profits roll in.

But at the same time, smart trading does offer chances to make some gains if you know what you're doing. Strategies like leverage and shorting can pay off big when they work. But they can also really magnify your losses when they dont. You've gotta understand how to manage that risk.

Investing's a whole different thing. You might not make as much as the clever traders sometimes, but you're not as likely to get killed either. Theres something to be said for taking the slower, steadier path.

Anyway my main point is that none of this stuff's easy or guaranteed. But with some skill and luck, there are opportunities out there for folks willing to educate themselves and take a few risks.

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Quote from: Litzki1990 on February 11, 2024, 01:52:46 AM

Even if we start trading for the purpose of day trading, many times we have to wait for a good amount of profit. If we take the trade at the right time there is a chance of profit but if we take the trade at some time the market will go in the opposite direction of our idea due to which then we have money loss instead of profit and then we cannot sell the trade at a loss. If trading is done for long term then we can consider it as investment but trading is usually not done for long term. The way I trade is that I have a certain amount target each day and I am satisfied if I meet that amount each day. Maybe sometimes I make a mistake in trading due to which the money is lost for a while but when the market recovers and makes some profit, I sell my coins.

If a small amount of profit can be made consistently every day, it is better than waiting for a long time. But the business that is done for the purpose of small profit has some risk and needs to understand the market well enough and always be active.

I think trying to make steady little profits every day sounds good in theory, but in reality pulling that off regularly is crazy hard. Markets bounce all over the place naturally, and if you try too hard for the daily wins, it's easy to end up overdoing the trades and making choices too fast without thinking them through enough which jus raises your risk and could totally cancel out any profits you were able to scrap together. Honestly, keeping the focus on longer term trends and basics might work better over time.

And when you talk about just waiting for the market to eventually earn back what you lost, that makes me think you've got more of a buy and hold mindset rather than being an active day trader type.

Oshosondy

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Quote from: Barikui1 on February 10, 2024, 02:00:51 PM

It's all boils down to you, the individual involved, holding is less stressful and better for a long term thinker, it requires less skills in knowing market sentiment and technical analysis, but in trading you have to be skilled enough in technical analysis, emotional control, patience and how to use leverage wisely for you to be profitable in the market, and you can make or lose a whole lot of money in a very short period of time compared to holding, so it's all boils down to you how knowledgeable are you.

Patience is very important in life. Holding means patience while trading means to not be patient. That is why you will see someone that will prefer spot trading before, learn about future trading and prefer to go more than 1x leverage. What such traders will think is that he can make $2 profit from $500, that he can leverage it 10x to make it $5000 so that he can earn $20 daily profit instead. He will not consider the liquidation risk until it happens. Holding means patience and it is the best. One of the ways to success in life is patience.

Litzki1990

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Even if we start trading for the purpose of day trading, many times we have to wait for a good amount of profit. If we take the trade at the right time there is a chance of profit but if we take the trade at some time the market will go in the opposite direction of our idea due to which then we have money loss instead of profit and then we cannot sell the trade at a loss. If trading is done for long term then we can consider it as investment but trading is usually not done for long term. The way I trade is that I have a certain amount target each day and I am satisfied if I meet that amount each day. Maybe sometimes I make a mistake in trading due to which the money is lost for a while but when the market recovers and makes some profit, I sell my coins.

If a small amount of profit can be made consistently every day, it is better than waiting for a long time. But the business that is done for the purpose of small profit has some risk and needs to understand the market well enough and always be active.

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Quote from: casey15 on February 09, 2024, 07:50:23 AM

So I have been trying to wrap my head around which is a better option, day trading crypto or buying for long term keep.
While they both have their pros and cons, they both come with a form of risk and they are meant to generate profit.
The major difference between them is that day trading tend to make profit from small market volatility, while hodling make profit from the bigger change in crypto value.
Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better

The best thing is to to do both and mix it up. Only do one thing is IMO bad. But doing both will increase the total profit a lot.

lombok

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Personally, I prefer long term holding over day trading. Daily trading has many temptations and sometimes tends to be negative due to manipulative price movements and making decisions and mental disturbances which result in failure to make a profit. To avoid price manipulation which often goes up and down quickly, I prefer long term holders which are safer when it comes to Bitcoin.

shinratensei_

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Quote from: Tomcolor on February 10, 2024, 03:40:05 PM

It happened in my friend's life that I told him how to make profit by trading crypto and gave him some basic knowledge. Then he got excited and started trading and at first he lost so much that he got frustrated. Later he practiced trading a lot from this forum and now he is actually a successful trader. So I will say if you try with a little long time it is possible to get success from trading and it will not cause any quick profit.

meanwhile some people are stuck losing because they are fomod your friend is a case where newbie trying to become pro by thorough learning process as well as added experience from experiencing first hand losing.
some people out there are instead always having the same problem over and over again, buy high and sell low, like those that ignore bitcoin when it was bearish and thinks its doomed, and then when bullish come and suddenly price rose, they are trying to invest, its too late though, basically worst decision ever, same with trading some people are so eager to make quick profit they ignore red flag of trading don't do proper analysis and this will only resulted in them losing big time.
day trading or long term honestly it doesn't matter, both can give good profit as long as we know how to take advantage of it properly.

Russlenat

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Quote from: Natsuu on February 10, 2024, 02:28:47 PM

Quote from: Barikui1 on February 10, 2024, 02:00:51 PM

It's all boils down to you, the individual involved, holding is less stressful and better for a long term thinker, it requires less skills in knowing market sentiment and technical analysis, but in trading you have to be skilled enough in technical analysis, emotional control, patience and how to use leverage wisely for you to be profitable in the market, and you can make or lose a whole lot of money in a very short period of time compared to holding, so it's all boils down to you how knowledgeable are you.

Right. The choice between holding and trading depends on your individual preferences, skills and risk tolerance. Holding tends to be less stressful and more suitable for long-term thinkers while trading demands a higher level of skill in technical analysis, emotional control and risk management. It ultimately comes down to your level of knowledge and comfort with market dynamics

However, while others need to chose which one of them, but if you know you will grow more of your profits if you take both risk, as long as you’re able to manage them, I guess that will be more satisfying on your part, being a hodler and at the same a day trader. But it’s seldom to see people going in both, majority still chose the less risky one knowing in the end you will still be able to gain huge profits.

alankasman

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Quote from: casey15 on February 09, 2024, 07:50:23 AM

Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better

Long term with targets that can be set. Risk can be minimized and does not require many other techniques and patterns needed in trading.
My long term picks are not for all types of coins, just a select few. For coins that are not very popular and do not have strong potential, I am not interested in doing daily trading because I do not have much time to continuously monitor the price chart.

For Bitcoin, the long term is better and that's what I prefer rather than choosing to trade daily or short term which I can't afford the time for.
In conclusion, the research results show holding is better than trading.

tvplus006

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Day trading requires a lot of time and if you have a main job, then it will be difficult for you to focus on trading. As a rule, day trading is more suitable for professional traders, for whom trading is the main source of income. For the rest, medium-term trading or long-term investment will be more appropriate.

ShowOff

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It's okay to have different preferences in the market, you are free to become a day trader or maybe a holder. I like both, but I tend to focus more on holding instead of day trading. Both are equally profitable, but day traders tend to be more likely to be bothered by price volatility than holders.

You may need to juggle real work and your activities in the markets, meaning if you have plenty of time and perhaps make trading your main source of income, then you should be fine. But however, you may need to have long-term investments instead of just day trading. Try to turn some of your profits from day trading into long-term investment assets, that's useful advice.

Viscore

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Be it day trading or long term hodling, the risks involved will always be there but it differs on how you manage and overcome those risks, even if we say that day trading is more risky than long term hodling itself. However, if you are highly capable to day trade because of your varied experience, then there’s no problem with that and you will less likely to lose but more on making on profits. But never underestimate hodling as well because the promising profits are also big and huge, but your patience will certainly be put at risk.

alastantiger

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Quote from: casey15 on February 09, 2024, 07:50:23 AM

Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better

I would pick investment over trading. In trading, you must monitor the market 24/7 but with investment and a good strategy in place you can DCA until you have a reasonably amount of that money. The price of the market doesn't determine whether you continuing investing. One little mistakes made in trading can result in a loss of the traders account not so with investing.

Tomcolor

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It happened in my friend's life that I told him how to make profit by trading crypto and gave him some basic knowledge. Then he got excited and started trading and at first he lost so much that he got frustrated. Later he practiced trading a lot from this forum and now he is actually a successful trader. So I will say if you try with a little long time it is possible to get success from trading and it will not cause any quick profit.

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Quote from: Barikui1 on February 10, 2024, 02:00:51 PM

It's all boils down to you, the individual involved, holding is less stressful and better for a long term thinker, it requires less skills in knowing market sentiment and technical analysis, but in trading you have to be skilled enough in technical analysis, emotional control, patience and how to use leverage wisely for you to be profitable in the market, and you can make or lose a whole lot of money in a very short period of time compared to holding, so it's all boils down to you how knowledgeable are you.

Right. The choice between holding and trading depends on your individual preferences, skills and risk tolerance. Holding tends to be less stressful and more suitable for long-term thinkers while trading demands a higher level of skill in technical analysis, emotional control and risk management. It ultimately comes down to your level of knowledge and comfort with market dynamics

Crypto Library

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Quote from: casey15 on February 09, 2024, 07:50:23 AM

So I have been trying to wrap my head around which is a better option, day trading crypto or buying for long term keep.
While they both have their pros and cons, they both come with a form of risk and they are meant to generate profit.
The major difference between them is that day trading tend to make profit from small market volatility, while hodling make profit from the bigger change in crypto value.
Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better

I think you have already kind of mentioned what should be preferred. You have mentioned that Day trading need more techniques self discipline and rational decision-making.
Now if I express my own opinion then I will say that which trading is good for a trader it depends on the skill of that trader. If the trader has good knowledge about fundamental and technical analysis then I would say both short-term or day trading and long-term trading will be good for him.
On the other hand, if a trader is new to trading and has very little knowledge about trading, then he should adopt a long-term strategy, and in that case he can follow the DCA method for risk management. Because in this case, a new trader must have less technical analysis skills and for this, most of the new traders face losses while doing short term trading, long time investment will save their funds from losses, and must choose Bitcoin as the coin.

Barikui1

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It's all boils down to you, the individual involved, holding is less stressful and better for a long term thinker, it requires less skills in knowing market sentiment and technical analysis, but in trading you have to be skilled enough in technical analysis, emotional control, patience and how to use leverage wisely for you to be profitable in the market, and you can make or lose a whole lot of money in a very short period of time compared to holding, so it's all boils down to you how knowledgeable are you.

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Quote from: the rise on February 10, 2024, 12:42:01 PM

It all depends on the project we choose, if we feel the project has benefits and is a popular product, of course I choose to invest in it in the long term, but if the project is driven by fame I will choose daily trading there, because it only takes advantage of the moment Of course, when the fame faded I went and chose another project, I used both day trading and long term trading

It's always going to be BTC/USDT when trading in crypto. AAltcoins trading is often for the long term as the investors are going to wait til the price is ripe for selling.
With BTC/USDT, they can do day trading which is a lot harder in my experience as the trader will need to be on the hourly or even in the 15-minute chart to make trades for the rest of the day.

I prefer the long term and then when the market is great like these days which is always a bull market, day trading can be easy to do. even on the spot market.

the rise

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It all depends on the project we choose, if we feel the project has benefits and is a popular product, of course I choose to invest in it in the long term, but if the project is driven by fame I will choose daily trading there, because it only takes advantage of the moment Of course, when the fame faded I went and chose another project, I used both day trading and long term trading

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