Daily trade Vs long trade - page 32.

Ranly123

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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.

Daily trading is very complicated that you need to monitor the price of the coin you buy every now and then. It would be difficult if the price drops gradually and you cannot have profit the day after. So if you are a newbie on trading it would best suit you to try a long term trading and be patient.

perla

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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.

Before it is too late, i suggest you to do long term trading,because with long term trading can make you be patient when holding your coins and because you don't have any experience, it is good to invest and hold not day trading.

Dart18

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If you are looking at the market this week then you will have the answer.
The movements was so little and there will be not much profit within it. It will just be as payment to the transaction fees which is not so good.
It is like just playing trade instead being paid to trade. Grin

Long term is risky but if you are lucky to pick the right one then it will be better than short term.
Example is Ethereum which is so cheap by now.

omonuyak

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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 and what matters is how skillful and knowledgeable you are in trading. Don't try to over trade in both holding for long-term or day trading and you should tried to understand what is risk management and how not to over trade. In trading you should know that it is possible for you to lose all your capital in a day and like wise if you hold for long term lose the opportunity to sell at high price as you will always hope for better price.

Mahanton

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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.

Most probably you would really need to practice yourself on doing basic trades either on short or longer ones but talking about short trading then it wont really be advisable to anyone specially for those people
who have recently know about trading because this kind of trading habit will require experience and knowledge on moving prices on a short time which means its more riskier rather than on doing swing or long trades.

prashanta

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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.

For your kind information, 70% of all day traders lose greater than they make. maximum of them attempt it out for some time, and surrender in some unspecified time in the future. There are also a few who continue to be regular losers for years. You possibly may not lose hundreds in a be counted of hours - it is more likely you may slowly bleed out your account over numerous weeks or months. also, there may be no ebook, path, or youtube video obtainable that will turn you into a constant trader. so its upto you.

trplzr

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hello there

My advice, daily trade will consume you, both in health and in taxes, do not be deceived, it is normal people find glamourous looking at several screens at the same time, working at home, wolf of wall street and etc, but the truth is another...

bitChipper

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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.

Day trading in crypto is extremely hard and risky, most of the time you will make trades when you shouldn't.

Best advice is to hold long term coins you think will do well but have bitcoin or a stablecoin ready for when a coin dumps and you can make a quick swing trade.

History shows that long term holders make the best returns, only exception is if you are a master trader or have some kind of godly bot that crushes certain markets.

cuenzy

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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.

Depends on your risk appetite as well as your self assessment on where you think you enjoy the most. Some people can't bear the duration of long term hodling or trading and some found peace by not looking in trades every now and then. So it's really up to your bias.

wantjokull

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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.

All I learnt from the crypto is straight and simple, if you wait here then you get some bigger rewards but if you are going to be rush way then things can be bad for you. I am not saying 100% that day trading which is done over few minutes to 24 hours is bad or could be rushing one but I would say its kind of hog in cog to get some good profits from it. If you are serious about the crypto currency earnings then surely wait and watch how the market behaves and then accordingly take your sole decisions. I hope you could spot the differences if you ever see try both of them. Things can surely be messy in day trading if you are not alert and updated enough.

MKH

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I think long term trade is better than short term because trading is too much risky to all, so before starting trade you must have well knowledge about trading otherwise you will fall in loss. You may try to buy low rate and hold it until pump or reach new value..

Bushrat Jahan

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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.

Topic: Daily trade Vs long trade - page 32. (Read 38589 times)