Daily trade Vs long trade | Bitcointalksearch.org

Harriti

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Quote from: Bushrat Jahan on October 09, 2018, 12:36:19 PM

I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term?
Thanks in advance.

There is no better deal. The important thing is whether it is right for you. There are many people who like daily trade because they want to enjoy the feeling of quick winning. There are many people who prefer to buy and hold in the long term, because they want to save time and have big profits in the future. Find out what you like and find out just about that type of transaction, which is the fastest way to learn and make money.

cofinder

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It depends not only on your skills but on the chosen coin pair and the availability of your free time. Obviously, day trading requires you to spend more time on it. As for the chosen trading pair, things get more complicated here. Since you are a newbie I can recommend you to observe the situation on the market using info bots. This one is good – https://t.me/CexIoInfoBot. After you understand which coins do you want to obtain, you’ll be able to work on developing a trading strategy.

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Quote from: Harriti on January 16, 2020, 02:52:29 AM

Quote from: Bushrat Jahan on October 09, 2018, 12:36:19 PM

I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term?
Thanks in advance.

There is no better deal. The important thing is whether it is right for you. There are many people who like daily trade because they want to enjoy the feeling of quick winning. There are many people who prefer to buy and hold in the long term, because they want to save time and have big profits in the future. Find out what you like and find out just about that type of transaction, which is the fastest way to learn and make money.

The easier between the daily and long trade is the latter as a newbie the former requires a lot of expertise to make profit consistently just as you rightly said buy and hodl for a long term perspective is equally profitable however day trading would earn a trader profit on daily basis but embarking on such a trading journey is very risky due to high volatility of cryptocurrencies Honestly I would advice the OP to buy and hodl while learning through the rudiments of daily trading using a stimulator as an aid.

Savemore

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Quote from: fravia on January 15, 2020, 04:19:06 PM

It depends largely on your knowledge, ability and ability. I suggest that you study the market well as the analytical skills necessary to become a trader. Next, you're going to hodge. If your concentration can be guided, this one is for you. But if you're a little impatient, try daily trading, so you'll immediately see your earnings. Seeing your profit, no matter how low it may be, will motivate you in this industry somehow and give you a confirmation that you really are for this. There is no loss in trying anyway. Remember: experience is the best teacher, and the wisdom you acquire from practise is already a priceless benefit in itself, even if you lose in trading.

The trading style is depends on what we used to learn. The most important thing that we should always remember is we should use the trading strategy that can help us to earn profit. If the long term is more better fof you then you should use it and ignore the short term trading. But if your a type of trader who doesn't have high patience then short term trade is for you.

fravia

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It depends largely on your knowledge, ability and ability. I suggest that you study the market well as the analytical skills necessary to become a trader. Next, you're going to hodge. If your concentration can be guided, this one is for you. But if you're a little impatient, try daily trading, so you'll immediately see your earnings. Seeing your profit, no matter how low it may be, will motivate you in this industry somehow and give you a confirmation that you really are for this. There is no loss in trying anyway. Remember: experience is the best teacher, and the wisdom you acquire from practise is already a priceless benefit in itself, even if you lose in trading.

Wipeout2097

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Its all about the priorities of individuals daily routine,If you afford your bills till get profit from the trading and looking for full time time trading then day trading is suitable option.

If you love your job and dont want to skip your job then go with the long term trading and as a part time income,I think long term is always profitable you dont rush to the price just put trade and set SL option and wit till reach the target.

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Quote from: Karmakid on January 09, 2020, 07:15:25 AM

Daily trade vs long trade are both profitable but either of them are not for everyone. It really depends on the schedule of a person and how much risk is he willing to take. Daily trading are for people who have a lot of time to spare in front of their screen while long trade are for people who have limited time and also looking for a moderate to low type of risk to take.

In one way or another, profits need to be guaranteed when entering this market. I think day trading will have more advantages because you will have more time to analyze and if you have a reasonable investment strategy, you will easily make a profit. However, not every day is favorable and there will certainly be a time when you will encounter many difficulties affecting your psychology.

Personally, I am very busy but also spend a lot of time trading because this year the market will tend to increase more and will help you a lot in trading.

Visbay

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Quote from: pajak666 on January 08, 2020, 06:03:51 AM

Short term can bring bigger profits but require more time trade, which is kind of logical. Long term you need to take fewer actions which makes it perfect for people who don't want to spend a lot of time on it but eventually it will make less money. Short trading you have lower gains but you considerably increase the volume of your trading which can bring some serious loyalty program perks if you are doing good. Also you are less prone to back luck as you are usually way more diversified between various positions on different markets.

You are right short term trading is good but for making money using day trading you must have perfection in your trading so if you are new better choose long term trading as it’s a safe and easy way to trade. I am not that perfect trader so I like to trade long term and keep waiting until I get the right time for it, it gives slow but huge profit with low risk and in day trading you will gain low profit in short term but with high risk.

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Quote from: puertorikosena on January 08, 2020, 12:39:51 PM

I think that you first need to practice trading small amounts of money in order to understand how the market works and get minimal experience. Then you yourself will understand what type of trading suits you best. Good luck in acquiring knowledge and experience.

Practicing as a start in trading isn't a good thing. What he needs is to further study first. But the question here is, which is better among daily trading and long term trading. IN WHICH, Daily trading is ofcourse doing it everyday, but the long term i suppose is that he bought for a coin's low price and holds it then sells it when it pumps. It all depends on his schedule. You cannot trade daily if you have work, as it would negatively affect it. And you must also not long trade, if you don't have any work at all.

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Quote from: Karmakid on January 09, 2020, 07:15:25 AM

Daily trade vs long trade are both profitable but either of them are not for everyone. It really depends on the schedule of a person and how much risk is he willing to take. Daily trading are for people who have a lot of time to spare in front of their screen while long trade are for people who have limited time and also looking for a moderate to low type of risk to take.

many long-term traders are very active, they use a ladder system with dozens of large and small orders, so the point of profit is calculated in detail, usually they only focus on five coins including bitcoin, although they remain prospective on a monthly chart but still pay attention to daily profits for some their portfolio, the difference is that they are not affected by hourly fluctuations.

Karmakid

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Daily trade vs long trade are both profitable but either of them are not for everyone. It really depends on the schedule of a person and how much risk is he willing to take. Daily trading are for people who have a lot of time to spare in front of their screen while long trade are for people who have limited time and also looking for a moderate to low type of risk to take.

puertorikosena

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I think that you first need to practice trading small amounts of money in order to understand how the market works and get minimal experience. Then you yourself will understand what type of trading suits you best. Good luck in acquiring knowledge and experience.

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Quote from: Pinkris128 on January 07, 2020, 11:20:39 AM

Quote from: Bushrat Jahan on October 09, 2018, 12:36:19 PM

I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term?
Thanks in advance.

I don't recommend day trading for newbies because it is risky and it takes a lot of experience, skills and knowledge about trading that you are good in predicting the market and you need to watch the charts all day. Unlike in long term trading even it is not fast enough to make you a good profit, it is still a low risk for you to experience a huge loss.

Indeed and also newbies most likely to be not into trading right after they enter the crypto world and yes it requires skills which can only be obtained through experience, yes you can search about how to do it but having it experience on your own is a lot more better. Newbies tends to stick on campaigns first when they first enter the crypto world because it is easier and only requires knowledge about the cryptocurrency and blockchain so for newbies go for long term and then while you wait for a price pump do some reaserch and study cryptocurrency deeper.

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Short term can bring bigger profits but require more time trade, which is kind of logical. Long term you need to take fewer actions which makes it perfect for people who don't want to spend a lot of time on it but eventually it will make less money. Short trading you have lower gains but you considerably increase the volume of your trading which can bring some serious loyalty program perks if you are doing good. Also you are less prone to back luck as you are usually way more diversified between various positions on different markets.

Assface16678

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Quote from: Jiyens3 on January 07, 2020, 01:58:32 PM

Quote from: Bushrat Jahan on October 09, 2018, 12:36:19 PM

I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term?
Thanks in advance.

i see the market today. and this day being good day for daily trade. few altcoins has increase price and highest rise reach by bitcoin. so if you good for choose your coins you will get your profit in daily trade because its good time.
in my opinion you should to try in bitcoin, its easy to start than another coins or called altcoins

In cryptocurrency, we have a different method to earn more coins, and it depends on us how do we want to obtain. One of those methods is trading. In trading, you must give a lot of time to study and knowing what different kind of techniques to win the trades like how to read graphs are and know when is the right time to buy and sell your money. In trading, we have different methods to earn first is the short term trading this one we can make daily and it depends on your prediction how much it will cost sometimes traders want to earn every 10 minutes it depends on your designated time frame. the coin suitable for this trade is the altcoins because they have the fastest change in the market. Next is the long-tern trading this one is good for bitcoin because it takes a long time before there are any changes in the market, usually it changes every month.

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Quote from: Bushrat Jahan on October 09, 2018, 12:36:19 PM

I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term?
Thanks in advance.

i see the market today. and this day being good day for daily trade. few altcoins has increase price and highest rise reach by bitcoin. so if you good for choose your coins you will get your profit in daily trade because its good time.
in my opinion you should to try in bitcoin, its easy to start than another coins or called altcoins

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Quote from: DevilSlayer on January 07, 2020, 12:08:22 AM

Quote from: Visbay on November 16, 2019, 02:36:13 PM

Quote from: rmhuntley on November 15, 2019, 12:19:05 AM

Better long-term trading, requiring science and engineering. If you do not master the daily trading science then you can lose. Better buy Bitcoins and trade long term only or continue until the price rises higher.

Yes, exactly its much better to trade for the long term than day trading because in day trading you will be safe and will be happy about the price increase. In day trading sometimes people get stressed and take a wrong decision so better to trade for long term with this you can learn as we know trading is all about knowledge so never stop learning and trade for long term.

They got stressed in day trading because that strategy is not suitable for them. We cannot say long trade is more better than daily trade or vice versa. The answer about what is better between the two is subjective, it is really depends on the trader on what is more suitable for their skills and their personality.

I think it’s more about market than traders because traders can trade for long ir short but he will take this decision according to market moves so for me when you are market is unstable and it’s not in your control you can trade for long term it’s better for us and if you see that market is not good the best option is holding so decide according to market condition.

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Quote from: Bushrat Jahan on October 09, 2018, 12:36:19 PM

I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term?
Thanks in advance.

I don't recommend day trading for newbies because it is risky and it takes a lot of experience, skills and knowledge about trading that you are good in predicting the market and you need to watch the charts all day. Unlike in long term trading even it is not fast enough to make you a good profit, it is still a low risk for you to experience a huge loss.

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The market keeps moving every day, and if you can take advantage of that moment every day, regular trading will make you earn profits easily, even though the profit is small, but at least you will earn income from your company every day. There's no long-term trading, because it's a holding and saving if you keep a coin for the long term and then sell it. Both have different profit levels and different risks and if you can do both I think it will be better.

holding and saving is basically a long term trading, in stock market long term trading is the term that is usually used, holding is just a new word for trading industry and just basically, invented here in crypto trading.

In my point of view, both trading strategies should be used by every trader's. That is what I am doing right now, I am holding Etherum and Bitcoin and I am doing daily trade with some other few coins. Basically what I do is just dividing my asset so it would not be a disaster if one coin dump, and with regards to my daily trade, I always close them before the end of the day, but if some coin dump I will hold it until it pump again so I will always win my trade, and yes, I set a limit-loss so I don't lose all my capital for that certain coin.

Quote from: Sahyadri on January 07, 2020, 06:20:34 AM

I used to maintain a long term portfolio but have stopped doing that since 2018. The reason being the relatively uncertain market and low volume which is not good for betting long term. So I am mainly focus on daily and swing trading. Through that I trade a particular trend and can exit without taking higher risk.
I doubt long term trade make any sense in crypto market. We need volume to trust it for long term.

Actually long term is the one that is really paying off in crypto, imaging if you are one of the early adopter of bitcoin and you didn't stack some coins, just like the 10,000btc pizza, What if he hold that bitcoin until now? Long term trading is the one that is a very good strategy with regards to crypto because, we have a limited supply but unlimited demand.

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I used to maintain a long term portfolio but have stopped doing that since 2018. The reason being the relatively uncertain market and low volume which is not good for betting long term. So I am mainly focus on daily and swing trading. Through that I trade a particular trend and can exit without taking higher risk.
I doubt long term trade make any sense in crypto market. We need volume to trust it for long term.

Topic: Daily trade Vs long trade (Read 38609 times)