Daily trade Vs long trade - page 3. | Bitcointalksearch.org

cryptothreads

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Quote from: karanggatak on October 29, 2019, 02:41:44 AM

Quote from: Bushrat Jahan on October 09, 2018, 01:36:19 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 think, all choices depend on your daily schedule. if if you have a lot of free time every day, I think daily trading is suitable for you to do. but if every day your time is too busy with other jobs, I think long-term trading is right for you. But before you decide on these two strategies, you must learn the basics of crypto trading. You can also ask various suggestions to friends in this forum, if there is something you need to know later.

Whatever kind of trading you want to do, definitely you have to consider your daily routine along with few other factors such as your control over emotions, your investment, knowledge about market and exchanges. These matter a lot in the field of trading. Day trading is hectic but you have constant source of income from it whereas long term takes time but generate huge profits.

Everyone has different options but long-term investment seems safer than day trading. I have tried day trading in the past and the focus on charts makes it easy for me to panic and often sell if I lose more than 5% of my profit. I think day trading is hard work because you face daily risks and always focus a lot so just a small mistake will make you lose money.

Based on my psychology, long-term investment will be much better because there is no need to focus too much on price increases or decreases. It may take longer than expected but if there are high profits then I am willing to wait.

bohr

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Quote from: whyrqa on October 30, 2019, 01:33:49 PM

Until recently, I always paid attention to forecasts and looked closely at many Signals in order to give myself confidence in obtaining good results from trading, but as it turned out, in most cases these Signals were aimed at misleading inexperienced traders. I was convinced that daily trading, like long-term trading, has very good potential, but the results depend not only on the correctness of the selected coins, but also on the time that a trader has for his activity. Daily trading is an almost uninterrupted observation of what is happening on the exchange.

And what you are describing is precisely why I am not a day trader, if you are a day trader then you need to watch the markets all the time and with something as volatile as bitcoin then even if you only miss a few minutes of the action on the markets you could miss when it makes a big movement, and even if you are watching the markets when it happens if you cannot take a fast decision by the time you are done thinking the movement may be completely over.

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Quote from: karanggatak on October 29, 2019, 02:41:44 AM

Quote from: Bushrat Jahan on October 09, 2018, 01:36:19 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 think, all choices depend on your daily schedule. if if you have a lot of free time every day, I think daily trading is suitable for you to do. but if every day your time is too busy with other jobs, I think long-term trading is right for you. But before you decide on these two strategies, you must learn the basics of crypto trading. You can also ask various suggestions to friends in this forum, if there is something you need to know later.

Whatever kind of trading you want to do, definitely you have to consider your daily routine along with few other factors such as your control over emotions, your investment, knowledge about market and exchanges. These matter a lot in the field of trading. Day trading is hectic but you have constant source of income from it whereas long term takes time but generate huge profits.

Agreed, for day trading the capital required is big compared to that of the long term trading. With day trading without good knowledge about the basics of trading it is impossible to get good profit out of the same. When it comes to long term trading, what needs to be considered is the growth chart, based on which we can open the buy order and sell once again based on the market price. Long term trading doesn't assure with big profiting as said above.

topbitcoin

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Quote from: Landak on October 31, 2019, 12:11:17 AM

Quote from: JC btc on October 30, 2019, 11:50:36 AM

All depends on you if you are the type of person that has time to do full time trading, then why not do trading. If you are the type of person, that has less time as you are also doing full time job then maybe a long term will fit for you.

Daily and long term trading are both good, what matters is that you are doing something that will help you and will increase your income.

If the job is full-time and wants to do daily trading, it can actually be done even though the profit is only small, there should be no problem, trading is only to increase side income from the salary. Or you/we can use big capital to make a lot of profit if trading is more important than a full-time job. (I personally do not really like long-term trading, can not be patient)

I think any strategy as long can give profit will be good. But do full time and daily trading is something that really hard to do. If you already good in it, it means you are a good trader and i hope profit always come to you. Because i have experience it by myself, it is really hard especially to manage time when we work from A until B, and then take a rest, and if want to do day trading with aim of short time profit, it means not much time to sleep for me.

Landak

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Quote from: JC btc on October 30, 2019, 11:50:36 AM

All depends on you if you are the type of person that has time to do full time trading, then why not do trading. If you are the type of person, that has less time as you are also doing full time job then maybe a long term will fit for you.

Daily and long term trading are both good, what matters is that you are doing something that will help you and will increase your income.

If the job is full-time and wants to do daily trading, it can actually be done even though the profit is only small, there should be no problem, trading is only to increase side income from the salary. Or you/we can use big capital to make a lot of profit if trading is more important than a full-time job. (I personally do not really like long-term trading, can not be patient)

MathGame

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Quote from: Bushrat Jahan on October 09, 2018, 01:36:19 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.

Honestly speaking you need to stay away from trading cryptocurrency as a beginner. You need to learn about cryptocurrency trading first. You can start learning about cryptocurrency trading on YouTube no need to pay for expensive courses. After you learn the basics of trading on YouTube then you can go ahead to the premium courses. As a beginner, you need to HODL and learn to trade at the same time.

JessicaVL

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A trusted crypto trading strategy that works really well for newbies it to HODL. HODLing basically means to hold on for dear life, and is a form of long term cryptocurrency trading. It refers to riding out the highs and lows of the crypto asset industry, and is arguably less risky than day trading or short term trading. You should also look into trading on a marketplace like Vertex, as you can find great offers from other crypto traders and fees are often lower than exchanges.

whyrqa

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Quote from: bohr on October 29, 2019, 05:30:25 PM

Quote from: Apened on October 25, 2019, 11:41:48 AM

Quote from: bohr on October 24, 2019, 11:33:14 AM

Some recommend that you should use a demo account to trade the markets and learn that way but I have always thought that it is futile, when you are using an account in which you are not using money you're not going to feel the same emotions when you're winning and when you're losing than when you use a real account, you will be completely unprepared to deal with those emotions when you trade for real and knowing how to deal with your emotions is critical if you want to be a successful trader.

That's right, because you are confident and it doesn't matter either you win or loss its only a demo so you emotions are not capable of being in the same way in a live trading. There is always a big difference. But the main thing is to evaluate how you trade and what strategies will fit in your trades either daily or long trade.

A demo account can definitely help you to evaluate if your strategy is any good and if you can make money with it but it is not the best way to learn how to trade simply because as we know despite what they claim many traders trade wit their emotions, you could have the best and most profitable strategy on the world but once the market begins to go against your predictions all of that goes out of the window and you begin to doubt yourself and your abilities as a trader.

Until recently, I always paid attention to forecasts and looked closely at many Signals in order to give myself confidence in obtaining good results from trading, but as it turned out, in most cases these Signals were aimed at misleading inexperienced traders. I was convinced that daily trading, like long-term trading, has very good potential, but the results depend not only on the correctness of the selected coins, but also on the time that a trader has for his activity. Daily trading is an almost uninterrupted observation of what is happening on the exchange.

JC btc

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All depends on you if you are the type of person that has time to do full time trading, then why not do trading. If you are the type of person, that has less time as you are also doing full time job then maybe a long term will fit for you.

Daily and long term trading are both good, what matters is that you are doing something that will help you and will increase your income.

Aying

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It is your choice to go to day trading and long term. market is like a extensive playground that you can learn and play. with strategies that you may learn for your trading experiences you can reform your skills or obtain it from the other expert users. like in this forum, different methods they have shared with you. and you can employ it or even surpass it if you want. that way you can improve your trading ability and you will want to make a big profit later.

bohr

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Quote from: Apened on October 25, 2019, 11:41:48 AM

Quote from: bohr on October 24, 2019, 11:33:14 AM

Some recommend that you should use a demo account to trade the markets and learn that way but I have always thought that it is futile, when you are using an account in which you are not using money you're not going to feel the same emotions when you're winning and when you're losing than when you use a real account, you will be completely unprepared to deal with those emotions when you trade for real and knowing how to deal with your emotions is critical if you want to be a successful trader.

That's right, because you are confident and it doesn't matter either you win or loss its only a demo so you emotions are not capable of being in the same way in a live trading. There is always a big difference. But the main thing is to evaluate how you trade and what strategies will fit in your trades either daily or long trade.

A demo account can definitely help you to evaluate if your strategy is any good and if you can make money with it but it is not the best way to learn how to trade simply because as we know despite what they claim many traders trade wit their emotions, you could have the best and most profitable strategy on the world but once the market begins to go against your predictions all of that goes out of the window and you begin to doubt yourself and your abilities as a trader.

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I think it all depends on the psychology of the person, and the style of his trade, but I read on this https://neironix.io that a large number of transactions within a day do not always exceed the results of long-term transactions for a month.

the rise

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You must use the Long-Term strategy because beginners will not feel panicked because of rapid fluctuations, profits can also be targeted starting at 10%. My point is that after placing an order, there is plenty of time to study the basic trading charts and what conditions will occur when floating.

If you have targeted daily trading and daily profits from the start, your capital will decrease very quickly because you only think of cutloss and small profits.

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Quote from: DeathProxy on October 28, 2019, 03:55:00 PM

For newbies i think long term trade is the best. Due to the high volatile nature of crypto market any novice crypto trader going into day trading will eventually incure huge loss. In order to reduce risk and loss margin its advisable that newbie trader go for long term trade l
Pattern, where they can just hold crypto token of their choice and sell at a price once it hits their target

Long-term or daily actually depends on each trader because beginners themselves if they have a daily interest from the beginning will certainly do more learning to be able to understand market patterns and also various indicators that must be learned when trading. actually trading is identical daily because the long term itself is more investment than the mention of trading.

kanayaTabitha

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Quote from: Bushrat Jahan on October 09, 2018, 01:36:19 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.

You can do both, long term trade is for your investment and also daytrading to practice your trading skills and technical analysis.
Furthermore the technical analysis is usually works on daytrading, but for long term trade fundamental analysis work more.
So, as a beginner is recommended to use 50% or less to practice a daytrading

karanggatak

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Quote from: Bushrat Jahan on October 09, 2018, 01:36:19 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 think, all choices depend on your daily schedule. if if you have a lot of free time every day, I think daily trading is suitable for you to do. but if every day your time is too busy with other jobs, I think long-term trading is right for you. But before you decide on these two strategies, you must learn the basics of crypto trading. You can also ask various suggestions to friends in this forum, if there is something you need to know later.

alan2here

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Quote from: DeathProxy on October 28, 2019, 03:55:00 PM

For newbies i think long term trade is the best. Due to the high volatile nature of crypto market any novice crypto trader going into day trading will eventually incure huge loss. In order to reduce risk and loss margin its advisable that newbie trader go for long term trade l
Pattern, where they can just hold crypto token of their choice and sell at a price once it hits their target

I think new investors will often be very impatient in trading and they cannot control their assets so they are the most easily failed investors in this market. We all have our own fears about investing and this market is highly volatile, making it difficult for us to make long-term or short-term investments. Even if you are a good investor, you cannot avoid losing money in this market because no one can predict what will happen next.

Sometimes I feel very tired about this market but I still have to try to make money because this is the only place I can be financially free and not controlled by anyone.

DeathProxy

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For newbies i think long term trade is the best. Due to the high volatile nature of crypto market any novice crypto trader going into day trading will eventually incure huge loss. In order to reduce risk and loss margin its advisable that newbie trader go for long term trade l
Pattern, where they can just hold crypto token of their choice and sell at a price once it hits their target

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Quote from: huige007 on October 28, 2019, 09:20:53 AM

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Quote from: rodel caling on October 26, 2019, 06:40:30 PM

Quote from: Bushrat Jahan on October 09, 2018, 01:36:19 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.

Yeah long term trader is a profitable but need to wait a lot of time to make profits unlike day trade is the best way to get an daily profits.
Then I advise with mate you need to study well and research a guide how to become day trader, time focus is very important in day trade if you lack of time just stay at long term trade do not enter into day trade your in the risk.

Day trading will require a lot of time before you can even start day trading because it is so risky because of the volatility in the market. It is good to be a position trader rather than a day trader because you don't have to be an expert in technical analysis to make profit through position trading because you just need to learn the basics of technical analysis.

Day trading is not risky, it is just a bit trickier than other forms of trading. Moreover, it is not possible to day trade without volatile coins. Trading means making money by buying and selling. Everyone tries to get an asset at low price and sell it high. If the price of an asset will remain constant, trading becomes impossible. Bitcoin is the most fluctuating one, so it is chosen by day traders.

I.wouldn't agree that day trading isn't risky. Yes, that depends on daily volatility and that exactly makes is more risky and requires additional skills. You need to know how to juggle with all this price changes on a daily basis and when and which move to make.
To my opinion for not so skilled and experienced traders long term trading is better option.

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Quote from: rodel caling on October 26, 2019, 06:40:30 PM

Quote from: Bushrat Jahan on October 09, 2018, 01:36:19 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.

Yeah long term trader is a profitable but need to wait a lot of time to make profits unlike day trade is the best way to get an daily profits.
Then I advise with mate you need to study well and research a guide how to become day trader, time focus is very important in day trade if you lack of time just stay at long term trade do not enter into day trade your in the risk.

It seemed to me that it was daily trading that gives the best results of all possible, but for this you need to always spend a lot of time to control everything that happens on the exchange and monitor all your orders. Longer trading is almost a short-term investment, which in any case can bring profit after a long time. Therefore, it seems to me that everyone can engage in that type of trade, which is more profitable for him and is suitable not only for the mode of life, but also for knowledge and experience.

Topic: Daily trade Vs long trade - page 3. (Read 38589 times)