Daily trade Vs long trade - page 4. | Bitcointalksearch.org

huige007

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Quote from: rodel caling on October 26, 2019, 05:40:30 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.

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.

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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.

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.

Apened

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Quote from: bohr on October 24, 2019, 10:33:14 AM

Quote from: djsugar on October 18, 2019, 12:36:42 PM

First of all if you yourself think that you're a noob trader, then be it daily or long term, you are probably gonna screw the trade. It's always preferred to try demo trading before jumping to actual trading. Daily trade is not easy to start with because it requires tight stop loss and quick decision making. People usually bring emotions in such trades. So, I wouldn't suggest day trading to you at all. Long term in cryptos is comparatively less risky but it still needs constant check on the market. You can only analyse trends and market movements, if you're are well versed with the TA.

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.

bohr

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Quote from: djsugar on October 18, 2019, 12:36:42 PM

First of all if you yourself think that you're a noob trader, then be it daily or long term, you are probably gonna screw the trade. It's always preferred to try demo trading before jumping to actual trading. Daily trade is not easy to start with because it requires tight stop loss and quick decision making. People usually bring emotions in such trades. So, I wouldn't suggest day trading to you at all. Long term in cryptos is comparatively less risky but it still needs constant check on the market. You can only analyse trends and market movements, if you're are well versed with the TA.

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.

Apened

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Quote from: zeze18 on October 22, 2019, 06:28:34 AM

Quote from: oktana on October 22, 2019, 06:00:19 AM

Determine the right strategy for your understanding first.

if often online, daily trading can be run with a moderate to low percentage of profit. Don't expect more and have to divide the order to avoid confirmation from the failed chart. Long trades are good for high profit percentages that are analyzed 1w but must be critical with daily charts too. Both can run if it is ripe in reading the open position

to do a daily trading nowadays is not require to online often anymore i think.
There are already many exchanges that have stop loss feature, and also a notification when the price is surpass the value that we set before.
So, we'll just determine when we want to sell and when we want to stop loss in every trade.

You have a good point there since anyone can do trade but you need to still monitor your trades at skme moment because all the time it is good to leave your position. This is applicable only for mid to long trade that you think will takes time in. Moving uo or down. Identify the type of trade then go with your plan and relax.

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Quote from: oktana on October 22, 2019, 06:00:19 AM

Determine the right strategy for your understanding first.

if often online, daily trading can be run with a moderate to low percentage of profit. Don't expect more and have to divide the order to avoid confirmation from the failed chart. Long trades are good for high profit percentages that are analyzed 1w but must be critical with daily charts too. Both can run if it is ripe in reading the open position

Day trading or short term trading is often recommended to be carried out with altcoins and we all know that altcoins easily fluctuate daily but do not show significant increase or decrease in value. So yes if you want small profits but frequently then go for altcoins but if want some huge profit, and then go with bitcoin trading but it requires time.

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Quote from: oktana on October 22, 2019, 06:00:19 AM

Determine the right strategy for your understanding first.

if often online, daily trading can be run with a moderate to low percentage of profit. Don't expect more and have to divide the order to avoid confirmation from the failed chart. Long trades are good for high profit percentages that are analyzed 1w but must be critical with daily charts too. Both can run if it is ripe in reading the open position

to do a daily trading nowadays is not require to online often anymore i think.
There are already many exchanges that have stop loss feature, and also a notification when the price is surpass the value that we set before.
So, we'll just determine when we want to sell and when we want to stop loss in every trade.

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Determine the right strategy for your understanding first.

if often online, daily trading can be run with a moderate to low percentage of profit. Don't expect more and have to divide the order to avoid confirmation from the failed chart. Long trades are good for high profit percentages that are analyzed 1w but must be critical with daily charts too. Both can run if it is ripe in reading the open position

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Quote from: gandame on October 21, 2019, 09:24:35 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.

Maybe try daily trading because you are a newbir study how to trade daily so that you can get profit everyday.
Long trade is for those have big capital and they want a big profit so that they will wait for a long time.

You can try both from splitting your capital, long and short trading have it's own advantages you can try your own style that will fits to your attitude.
A lots of misconceptions that being misinterpret by people who wanted to experienced this venue of business, it isn't a quick to rich access where you can easily take profits. There's always reasons and you need to find those factors by trying bot short and long term investment.

But before anything else, you need to understand how everything works so you are aware of any risk that will show up while working inside.

gandame

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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.

Maybe try daily trading because you are a newbir study how to trade daily so that you can get profit everyday.
Long trade is for those have big capital and they want a big profit so that they will wait for a long time.

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Quote from: Tungsten-1 on October 20, 2019, 03:15:46 PM

Quote from: Apened on October 17, 2019, 12:58:22 PM

The best answer for me is depending on one person time and capability to cope with the trades because we know that these two have both their own consequences and we need to know within ourselves what is the best thing and time for us to trade. Where if we are not that so patient in waiting trades we can do daily trade and if we have a good patience we can invest or do long term trade plans accordingly.

These are indeed two most important factors to be considered when you are to decide the mode of making money in this diverse market of crypto currencies. There are many options like you can go for investing into big coins and save them for months. You can opt trading as your course but for that check out for time availability and patience.

I think for a newbie it is better to buy a coin and hold it for months it will be better, compared to trading daily, on average a newbie has no experience in trading daily because he has not been able to see the correct chart in which direction he is heading, so it will be more good study first and then do the daily trading.

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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.

Day trading is too risky, you better leave that to the professionals. Long-term trading is best suited for beginners - that is also known as "HODL". Day trading requires some trading skills, as a beginner you need to learn about trading first before you get started. Go to YouTube and you will find some helpful tutorials.

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Quote from: erickastella on October 21, 2019, 02:50:11 AM

I prefer long-term recommendations because the risk is small compared to the short-term because the risk is very large, also my advice if you use long-term you should use a stop loss in order to minimize a lot of losses.

I don't think that there is a difference in terms of risk in either long term or short term. It all relies on how knowledgeable are you in investing whether it is long term or short term. If you know how to play with the market with its volatility then it is not that risky for you to try short term and on the other hand, if you know how to calculate the potential of an asset in long term basis then you can maximize its opportunity.

If you constantly monitor the cryptocurrency market and analyze all the indicators of your assets, then daily trading is less risky, although for this you need to spend a lot of free time and is constantly near the computer. But trading for a longer period has huge difficulties precisely in the current state of the cryptocurrency market, when no one can be sure of the 100% prospects of all projects whose coins you own. The whole situation is so unstable that today coins can be traded, and after a week or a month a company can completely stop supporting its coins in the market. Situations are different and most of all they are negative, but this does not apply to the most top coins.

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Quote from: erickastella on October 21, 2019, 02:50:11 AM

I prefer long-term recommendations because the risk is small compared to the short-term because the risk is very large, also my advice if you use long-term you should use a stop loss in order to minimize a lot of losses.

I like your post, it's true that long-term is safer because of its small risk. Especially for a newbie who is just starting trading
very much recommended long-term trading. For long-term I don't use stop loss, not because I am sure of profit. But I rarely
use the cutloss strategy, because if the price drops from buying. I will make another purchase, so if it comes to the price
go up can double profit.

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I prefer long-term recommendations because the risk is small compared to the short-term because the risk is very large, also my advice if you use long-term you should use a stop loss in order to minimize a lot of losses.

Tungsten-1

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Quote from: Apened on October 17, 2019, 12:58:22 PM

The best answer for me is depending on one person time and capability to cope with the trades because we know that these two have both their own consequences and we need to know within ourselves what is the best thing and time for us to trade. Where if we are not that so patient in waiting trades we can do daily trade and if we have a good patience we can invest or do long term trade plans accordingly.

These are indeed two most important factors to be considered when you are to decide the mode of making money in this diverse market of crypto currencies. There are many options like you can go for investing into big coins and save them for months. You can opt trading as your course but for that check out for time availability and patience.

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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.

if you really want to trade, in my opinion it doesn't matter if you trade even though you don't have enough knowledge about trading. but I suggest to trade with low capital first, to avoid the risk. try to do daily trading, in my opinion trading daily is the right choice for beginners compared to long-term trading. by trading daily, you will always be active every day at the same time you can immediately learn to see the state of the market. maybe the longer you analyze market movements, you will have your own trading strategy that can benefit by utilizing market volume every day. every trader must start from a beginner and the key to a beginner's success is to study earnestly patiently and always optimistic in every step.

djsugar

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First of all if you yourself think that you're a noob trader, then be it daily or long term, you are probably gonna screw the trade. It's always preferred to try demo trading before jumping to actual trading. Daily trade is not easy to start with because it requires tight stop loss and quick decision making. People usually bring emotions in such trades. So, I wouldn't suggest day trading to you at all. Long term in cryptos is comparatively less risky but it still needs constant check on the market. You can only analyse trends and market movements, if you're are well versed with the TA.

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Quote from: AliMan on October 18, 2019, 08:22:57 AM

Quote from: Ashong Salonga on October 18, 2019, 07:52:33 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 am advicing you first to watch a lot of tutorial videos on youtube because it will be really helpful for a newbie like you to learn faster. And after you watch you can practice trading on a good exchange and try practicing day trade because it is one of the best source of income now.

To make it as good source of income, choose the best asset to hold by studying top performing coins in every exchange market. Relying on tutorials was only our guide but not a reliable source of knowledge. Making trading your serious responsibility is quite more effective, rather than pushing more serious targets, risking your money on unstable crypto assets.

Very eloquent, toturials alone won't secure your profits in the process, it is your will of how much you wanted to make profits therefore you surpass your limits on studying the charts, technical analysis and other old ways of doing Trading (but effective). Choosing the best coins to have is still just a part of succeeding in Trading, your skills must come after this, on how you are going to take a certain tough situation into a profitable one.

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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.

Try to do day-trade, I think with day trade you can see a little about the market moves every day. I also started from day-trading to try out my expertise in trading cryptocurrency, even though before I had traded forex. if you make a long-term trade, then you will be easy to miss market information, long-term day is almost the same principle in HODL.

Topic: Daily trade Vs long trade - page 4. (Read 38609 times)