Day trading or Long term | Bitcointalksearch.org

kawetsriyanto

legendary

Activity: 2450

Merit: 1140

duelbits.com

Quote from: Dewi Aries on October 06, 2024, 06:15:51 PM

Trading that is done like gambling is usually or most likely done by traders who do not have the right knowledge about what and how the world of trading really is, as you said that they only rely on luck in seeking profit, meaning that it is clear that they do not know that in trading the opportunity for profit always depends on how much knowledge you have and how skilled you are in executing the market.

That's why knowledge has a big role in trading. Having a proper knowledge is a must to trade in the right way. It is not working like gambling which can rely on the luck, the success in trading will depend on the knowledge. Even there are people who claim that the success in trading is about luck, too. It is impossible to succeed if they don't know how to trade properly.

Quote from: Dewi Aries on October 06, 2024, 06:15:51 PM

On the other hand, as we know, it is not uncommon to see traders who end up failing in the sense that their involvement in the world of trading actually makes them lose a lot of money instead of making money, and most likely they are traders who treat trading like gambling because they do not want to learn various knowledge about trading or maybe even because they do not know that the opportunity for profit always depends on skill.

Yep, it is easy to fail in trading if we trade in random ways. Trading in crypto isn't for people who expect to succeed because of luck factor. Trading surely requires certain skills or specific abilities, it is only possible if someone has the knowledge. It is impossible to do technical or fundamental analysis without knowledge, and we can't choose the right strategy in trading if we don't have sufficient knowledge. Well, we can't talk about the opportunity for profits once we have no idea how to trade it in the right way.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: shinratensei_ on October 10, 2024, 10:05:21 PM

Quote from: Fredomago on October 09, 2024, 05:50:27 AM

The longer you've in this market the better understanding you'll take, there are traders who choose to keep their investment and hold it for longer time frame as they already have a good target to sell out, while for those traders who got decent time to play with the market they see opportunities that they might gain something decent.

It's more on how you deal with good knowledge and understanding making sure that you are taking the right path to base your decision making.

yeah, it's all about preferences and how we can really take advantage of the market, if we got the knowledge and the time, maybe day trading is good, with day trading we can profit around 20% or more within just a day, trying to get advantage of the market sudden movement.
while for the long term holders, they will get growth at significantly lower rate, but it's more defined in term of profit taking.

there's reason why market are so active 24/7 with so many big buy or sell orders, it's because some people have found a way to make profit off the market.
and it's sustainable, but not for everyone, long term is suited for even the beginner.

Exactly, the reason why market is active 24/7 as there are investors and traders who knows how to play with the market, people who makes something that can move the market and it can go wild, those kind of traders are the one that riders are always monitoring, as they knew that with spikes there's a chance that they can make money in a short span of time.

Though not all can deal with that, as there are traders who got excited and instead of making money, they lose decently as wise traders do expect their actions and will not move accordingly, they'll be busted when the target time frame didn't materialize as they need to accept and sell out.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: Fredomago on October 09, 2024, 05:50:27 AM

The longer you've in this market the better understanding you'll take, there are traders who choose to keep their investment and hold it for longer time frame as they already have a good target to sell out, while for those traders who got decent time to play with the market they see opportunities that they might gain something decent.

It's more on how you deal with good knowledge and understanding making sure that you are taking the right path to base your decision making.

yeah, it's all about preferences and how we can really take advantage of the market, if we got the knowledge and the time, maybe day trading is good, with day trading we can profit around 20% or more within just a day, trying to get advantage of the market sudden movement.
while for the long term holders, they will get growth at significantly lower rate, but it's more defined in term of profit taking.

there's reason why market are so active 24/7 with so many big buy or sell orders, it's because some people have found a way to make profit off the market.
and it's sustainable, but not for everyone, long term is suited for even the beginner.

EarnOnVictor

hero member

Activity: 896

Merit: 654

Leading Crypto Sports Betting & Casino Platform

Quote from: Slow death on October 08, 2024, 02:57:28 PM

Quote from: EarnOnVictor on October 08, 2024, 02:20:49 AM

You talk like a hopeless trader, you shouldn't be, you just need to sharpen up your training and you will be fine. As hard as you see trading, some people see it as easy, do you know why? It's because the level of your training and experience are not the same, success is possible in trading. If it were to be a beginner, yes, it will not be easy, they should be ready to blow their accounts many times. And if I am asked how many times I ruined my trading account, if I would not tell lies, it is certainly more than 300 times. Yes, you heard me correctly. It wasn't easy then but I was a determined person as well and it's now better for me to the point that I don't blow my account again so far I adhere to the right money and risk management.

Most people are not realistic when it comes to day trading. They cannot admit that making money with day trading is almost the same as talking about an impossible mission, especially in the cryptocurrency market. A person can spend many hours looking at the chart to find a buying opportunity and after buying the price drops and this person is left with a loss because he sells and at the end of the month this person accumulates a lot of losses, while the person who makes long-term investments ends up making a lot of profit. In my opinion, it is not worth doing day trading. I always advise people to focus on making long-term investments and never do day trading.

I disagree with you, you may not know how to day-trade, others do, reading what you said now will eassily scare the newbies and the faint-in-heart traders who are struggling with it. They only need to learn it until they achieve the knowhow, people don't know it, they are only gambling. I day-trade and trade long-term, the two are good, but even with the long-term trading, you can be in so much mess if you are not careful., the lack of account protection messes people up. The only thing that discourages me about the day trading is the more time and energy that could be required, once you can sacrifce that, it is profit-massing.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: milewilda on October 09, 2024, 05:31:41 AM

The bad thing about other people is that they've been expecting too much that they could easily be able to obtain such easy skill on the time or moment that they do make trades. Its true that each person would really be having their own ways on how they would really be gonna handling themselves on the moment or time that they do make out some trading. Some could really be able to handle or bare up with the risks but
there would really be those people who would really be liking to deal up with things on lesser risks, this is why they do came up with the ideal that they would really be rather holding their positions instead
rather than on making some active trading in the market on which we know that it is really that something more risky.

The longer you've in this market the better understanding you'll take, there are traders who choose to keep their investment and hold it for longer time frame as they already have a good target to sell out, while for those traders who got decent time to play with the market they see opportunities that they might gain something decent.

It's more on how you deal with good knowledge and understanding making sure that you are taking the right path to base your decision making.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: EarnOnVictor on October 08, 2024, 02:20:49 AM

Quote from: shawonngp on September 24, 2024, 12:28:46 PM

Quote from: $crypto$ on September 18, 2024, 12:15:50 PM

Quote from: GeorgeJohn on September 18, 2024, 03:58:39 AM

Day trading is like some who needed a instant profit, and what someone who ventures into day trading does is to make a quick profit and go out from the market, why long-term trading is determined by the future you in a particular coin you want to invest, most of the people that venture into day trading always have the vision of making small profits why people who invest for long-term kind of investment is expecting a large profits, this two trading methods you mentioned you most have objectives that's you to choose one, but newbie doesn't know why they chose a day trading or neither long-term trading

Someone thinks they want to get quick profits, even though it is small but if it is achieved consistently then it will also grow bigger, but people forget that it does not always work, because in trading there can be profits and losses. Indeed, quick profits will be more tempting, because profits can be enjoyed at the same time, but the problem is that it is not easy.

Consistency in getting profits is the key, but back to the beginning because it is not easy then it will make people frustrated. Some people ignore the risk, they focus too much on the profit which ultimately makes many people fail in trading.

To keep consistency in profits it's very difficult, i think it's impossible to even for an experienced trader, in the crypto trading risks is higher than profits, who peoples ignore the risk they will definitely lose all of their initial investment, and such mistakes come from beginners, they thinking there are no loss in trading.

You talk like a hopeless trader, you shouldn't be, you just need to sharpen up your training and you will be fine. As hard as you see trading, some people see it as easy, do you know why? It's because the level of your training and experience are not the same, success is possible in trading. If it were to be a beginner, yes, it will not be easy, they should be ready to blow their accounts many times. And if I am asked how many times I ruined my trading account, if I would not tell lies, it is certainly more than 300 times. Yes, you heard me correctly. It wasn't easy then but I was a determined person as well and it's now better for me to the point that I don't blow my account again so far I adhere to the right money and risk management.

The bad thing about other people is that they've been expecting too much that they could easily be able to obtain such easy skill on the time or moment that they do make trades. Its true that each person would really be having their own ways on how they would really be gonna handling themselves on the moment or time that they do make out some trading. Some could really be able to handle or bare up with the risks but
there would really be those people who would really be liking to deal up with things on lesser risks, this is why they do came up with the ideal that they would really be rather holding their positions instead
rather than on making some active trading in the market on which we know that it is really that something more risky.

Experience is something that you could really be able to obtain as you do go ahead or making up some trades on which it will really be that normal that there would really be those challenges along the way.
It will really be that understandable that it would really just that depending into the risks management that you would really be having. If you could be able to handle the risks then go ahead
but if not then go into the path on where you do find out yourself comfortable.

Nrcewker

copper member

Activity: 2394

Merit: 539

DGbet.fun - Crypto Sportsbook

Quote from: tvplus006 on October 09, 2024, 04:09:58 AM

In this case, the difference between these two traders is that one fixes his loss, and the other also has a loss, but he does not fix it. And if the first trader does not use leverage, then he may also not fix his loss and in this case moves from day trading to long-term trading.

I don’t think losses matter here. What matters here is the amount of risk the traders are willing to take. We all know that day traders take huge risks compared to long-term traders. Hence, with huge risk, there are huge chances to make losses also. But also, if you take huge risks, then you might get huge rewards in return. Moreover, day trading requires more time and concentration towards the market. Now it’s up to a user to go for what according to his necessity and risk-taking capabilities.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: Slow death on October 08, 2024, 02:57:28 PM

Most people are not realistic when it comes to day trading. They cannot admit that making money with day trading is almost the same as talking about an impossible mission, especially in the cryptocurrency market. A person can spend many hours looking at the chart to find a buying opportunity and after buying the price drops and this person is left with a loss because he sells and at the end of the month this person accumulates a lot of losses, while the person who makes long-term investments ends up making a lot of profit. In my opinion, it is not worth doing day trading. I always advise people to focus on making long-term investments and never do day trading.

In this case, the difference between these two traders is that one fixes his loss, and the other also has a loss, but he does not fix it. And if the first trader does not use leverage, then he may also not fix his loss and in this case moves from day trading to long-term trading.

Slow death

legendary

Activity: 3234

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: EarnOnVictor on October 08, 2024, 02:20:49 AM

You talk like a hopeless trader, you shouldn't be, you just need to sharpen up your training and you will be fine. As hard as you see trading, some people see it as easy, do you know why? It's because the level of your training and experience are not the same, success is possible in trading. If it were to be a beginner, yes, it will not be easy, they should be ready to blow their accounts many times. And if I am asked how many times I ruined my trading account, if I would not tell lies, it is certainly more than 300 times. Yes, you heard me correctly. It wasn't easy then but I was a determined person as well and it's now better for me to the point that I don't blow my account again so far I adhere to the right money and risk management.

Most people are not realistic when it comes to day trading. They cannot admit that making money with day trading is almost the same as talking about an impossible mission, especially in the cryptocurrency market. A person can spend many hours looking at the chart to find a buying opportunity and after buying the price drops and this person is left with a loss because he sells and at the end of the month this person accumulates a lot of losses, while the person who makes long-term investments ends up making a lot of profit. In my opinion, it is not worth doing day trading. I always advise people to focus on making long-term investments and never do day trading.

Dewi Aries

legendary

Activity: 2716

Merit: 1092

Leading Crypto Sports Betting & Casino Platform

Quote from: EarnOnVictor on October 08, 2024, 02:20:49 AM

Quote from: shawonngp on September 24, 2024, 12:28:46 PM

Quote from: $crypto$ on September 18, 2024, 12:15:50 PM

Someone thinks they want to get quick profits, even though it is small but if it is achieved consistently then it will also grow bigger, but people forget that it does not always work, because in trading there can be profits and losses. Indeed, quick profits will be more tempting, because profits can be enjoyed at the same time, but the problem is that it is not easy.

Consistency in getting profits is the key, but back to the beginning because it is not easy then it will make people frustrated. Some people ignore the risk, they focus too much on the profit which ultimately makes many people fail in trading.

To keep consistency in profits it's very difficult, i think it's impossible to even for an experienced trader, in the crypto trading risks is higher than profits, who peoples ignore the risk they will definitely lose all of their initial investment, and such mistakes come from beginners, they thinking there are no loss in trading.

You talk like a hopeless trader, you shouldn't be, you just need to sharpen up your training and you will be fine. As hard as you see trading, some people see it as easy, do you know why? It's because the level of your training and experience are not the same, success is possible in trading. If it were to be a beginner, yes, it will not be easy, they should be ready to blow their accounts many times. And if I am asked how many times I ruined my trading account, if I would not tell lies, it is certainly more than 300 times. Yes, you heard me correctly. It wasn't easy then but I was a determined person as well and it's now better for me to the point that I don't blow my account again so far I adhere to the right money and risk management.

Yes, it is a loser mentality that always considers everything in front of it too difficult to achieve which makes it difficult for them to develop. On the other hand, I understand that trading is not as easy as you imagine, but the question is why are there some people who succeed in becoming successful traders who can get consistent profits? The answer is clear because they are different from you, they want to LEARN and develop themselves to make progress through the knowledge they get from the learning process.

I also understand that trading is an activity that can be high risk, but what's the point of learning if you can't handle it? That's the purpose of why a trader is always advised to keep learning and honing their skills, none other than to minimize the possibility of loss and maximize the potential for profit. All traders who have now succeeded in achieving success were initially nothing more than beginners, so why can they succeed? because they have a strong intention and determination to dedicate themselves to learning so that they can reach that point of success.

EarnOnVictor

hero member

Activity: 896

Merit: 654

Leading Crypto Sports Betting & Casino Platform

Quote from: shawonngp on September 24, 2024, 12:28:46 PM

Quote from: $crypto$ on September 18, 2024, 12:15:50 PM

Quote from: GeorgeJohn on September 18, 2024, 03:58:39 AM

Day trading is like some who needed a instant profit, and what someone who ventures into day trading does is to make a quick profit and go out from the market, why long-term trading is determined by the future you in a particular coin you want to invest, most of the people that venture into day trading always have the vision of making small profits why people who invest for long-term kind of investment is expecting a large profits, this two trading methods you mentioned you most have objectives that's you to choose one, but newbie doesn't know why they chose a day trading or neither long-term trading

Someone thinks they want to get quick profits, even though it is small but if it is achieved consistently then it will also grow bigger, but people forget that it does not always work, because in trading there can be profits and losses. Indeed, quick profits will be more tempting, because profits can be enjoyed at the same time, but the problem is that it is not easy.

Consistency in getting profits is the key, but back to the beginning because it is not easy then it will make people frustrated. Some people ignore the risk, they focus too much on the profit which ultimately makes many people fail in trading.

To keep consistency in profits it's very difficult, i think it's impossible to even for an experienced trader, in the crypto trading risks is higher than profits, who peoples ignore the risk they will definitely lose all of their initial investment, and such mistakes come from beginners, they thinking there are no loss in trading.

You talk like a hopeless trader, you shouldn't be, you just need to sharpen up your training and you will be fine. As hard as you see trading, some people see it as easy, do you know why? It's because the level of your training and experience are not the same, success is possible in trading. If it were to be a beginner, yes, it will not be easy, they should be ready to blow their accounts many times. And if I am asked how many times I ruined my trading account, if I would not tell lies, it is certainly more than 300 times. Yes, you heard me correctly. It wasn't easy then but I was a determined person as well and it's now better for me to the point that I don't blow my account again so far I adhere to the right money and risk management.

GigaBit

hero member

Activity: 1764

Merit: 514

Leading Crypto Sports Betting & Casino Platform

Quote from: liasbaa on September 11, 2024, 11:07:20 AM

Quote from: Altryist on September 11, 2024, 07:31:20 AM

Quote from: hyudien on September 04, 2024, 09:55:35 PM

If we talk about the speed at which we can make a profit, then day trading is a trade that can give us very fast profits, but of course it is commensurate with the risk that we will feel if we are slightly off in analyzing or the market becomes unfriendly because of the very high level of fluctuation. Long-term trading will take longer, but it is still risky, it's just that the risk may not be as big as day trading because of the time difference in how we apply the time frame as well. What is safer is holding, especially what is held is bitcoin, we can be more flexible because we will not lose assets when something happens, it's just that we need to hold and be patient longer to achieve the profit we want.

Long-term trade can force you to be in the deal for too long, and if you get into the phase of prolonged corection, then this will lead to what you will be forced, or will be averaged, or forget about this money for a sufficiently long time and you will not be able to operate with these means for new transactions. And day trading is the most tiring activity that I tried, and here you can get not only quick profit but also quick losses.

I totally agree with you. Investing for the long term can give an investor a lot of peace of mind both mentally and financially. Day trading was really boring when I tried it and I kept losing capital every day but I finally dropped it from my schedule and opted for long term investing.
From my experience day trading is your pesky friend against peace of mind who will only continue to hurt you financially.

In trading platform risk is a very common factors but an investor's main objective is to make a profit. It may be through day trading or may be through long term holding but whichever medium is chosen there will be risk involved. Investors must make decisions based on risk.

A day trader can open and close trading repeatedly during the day. Investors should be aware of the risks involved in short-term trading before investing. Day trading requires a trader to make quick decisions. It can certainly be a good option if a trader feels he is fit to do so. But if you don't have enough knowledge there is a high possibility of losing.

But for those who plan to hold for long term, there is less risk. Choosing the right investment platform and If kept for a long time, there is no need for regular monitoring. Those who make long-term investment decisions typically try to hold for a few years or more. An investor is able to make stress-free investments along with reduced risk. Cryptocurrencies in general are highly volatile so many people can't profit even with knowledge but an investor can easily become profitable by overcoming all those hurdles in long term investment.

hyudien

hero member

Activity: 2198

Merit: 607

Leading Crypto Sports Betting & Casino Platform

Quote from: Fredomago on October 06, 2024, 02:56:11 PM

Quote from: irhact on October 05, 2024, 06:29:57 PM

Not having the right psychological mindset is going to set you back as you want to become a trader some individual fail to see trading as a serious business that need lots of attention. Some individual see trading as gambling and they just make their bet on trades then hope that it is going to give them profits. Majority of the traders are in loses as they think they don't need to learn how to trade before they can begin. Day trading can work for some traders but it won't work for everybody as not everybody can be mentally strong to trade again without emotions after losing the previous day. Long term trading is a little bit like investment therefore this has to favour more individuals to make profits.

Yeah and that's not a small numbers of people who take trading in same way they are treating gambling, thinking that by luck they'll be able to manifest and earn decently.

Without doing your DYOR and taking time to learn deeper it would be a hard journey to you, there are instances that you will mistaknely anticipate the outcome but if you use that experienced a learning steps , you'll be able to adopt and sooner or later you'll be able to decide whether to take a certain asset for short term trade or for long term trade,.

That is a mistake that we often hear and find in trading, how people think that trading is easy, even without knowledge they can do it. It may be true that without knowledge we can trade, but if it is like that, what is the difference with gambling? Well, let's not trade by relying only on luck because if it is like that, it is better to gamble. In trading, a profit can be obtained if we have knowledge and added with experience.
We must straighten out our mindset from the start, don't let it affect us in doing something. Maybe for people who are already in this room will definitely understand this, but this is intended for beginners who have just entered the trading room, of course this is also a reminder for us, especially for me.

Dewi Aries

legendary

Activity: 2716

Merit: 1092

Leading Crypto Sports Betting & Casino Platform

Quote from: Fredomago on October 06, 2024, 02:56:11 PM

Quote from: irhact on October 05, 2024, 06:29:57 PM

Not having the right psychological mindset is going to set you back as you want to become a trader some individual fail to see trading as a serious business that need lots of attention. Some individual see trading as gambling and they just make their bet on trades then hope that it is going to give them profits. Majority of the traders are in loses as they think they don't need to learn how to trade before they can begin. Day trading can work for some traders but it won't work for everybody as not everybody can be mentally strong to trade again without emotions after losing the previous day. Long term trading is a little bit like investment therefore this has to favour more individuals to make profits.

Yeah and that's not a small numbers of people who take trading in same way they are treating gambling, thinking that by luck they'll be able to manifest and earn decently.

Without doing your DYOR and taking time to learn deeper it would be a hard journey to you, there are instances that you will mistaknely anticipate the outcome but if you use that experienced a learning steps , you'll be able to adopt and sooner or later you'll be able to decide whether to take a certain asset for short term trade or for long term trade,.

Trading that is done like gambling is usually or most likely done by traders who do not have the right knowledge about what and how the world of trading really is, as you said that they only rely on luck in seeking profit, meaning that it is clear that they do not know that in trading the opportunity for profit always depends on how much knowledge you have and how skilled you are in executing the market.

On the other hand, as we know, it is not uncommon to see traders who end up failing in the sense that their involvement in the world of trading actually makes them lose a lot of money instead of making money, and most likely they are traders who treat trading like gambling because they do not want to learn various knowledge about trading or maybe even because they do not know that the opportunity for profit always depends on skill.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: irhact on October 05, 2024, 06:29:57 PM

Quote from: EarnOnVictor on October 03, 2024, 01:32:09 AM

Most traders are not just psychologically stable and would always be style-drifting which is not good in the world of trading. The best traders would stick to what they know and if they've not gotten the right system, they should rather continue training and never call themselves a trader until all is sorted out.

Not having the right psychological mindset is going to set you back as you want to become a trader some individual fail to see trading as a serious business that need lots of attention. Some individual see trading as gambling and they just make their bet on trades then hope that it is going to give them profits. Majority of the traders are in loses as they think they don't need to learn how to trade before they can begin. Day trading can work for some traders but it won't work for everybody as not everybody can be mentally strong to trade again without emotions after losing the previous day. Long term trading is a little bit like investment therefore this has to favour more individuals to make profits.

Yeah and that's not a small numbers of people who take trading in same way they are treating gambling, thinking that by luck they'll be able to manifest and earn decently.

Without doing your DYOR and taking time to learn deeper it would be a hard journey to you, there are instances that you will mistaknely anticipate the outcome but if you use that experienced a learning steps , you'll be able to adopt and sooner or later you'll be able to decide whether to take a certain asset for short term trade or for long term trade,.

irhact

hero member

Activity: 616

Merit: 749

Quote from: EarnOnVictor on October 03, 2024, 01:32:09 AM

Most traders are not just psychologically stable and would always be style-drifting which is not good in the world of trading. The best traders would stick to what they know and if they've not gotten the right system, they should rather continue training and never call themselves a trader until all is sorted out.

Not having the right psychological mindset is going to set you back as you want to become a trader some individual fail to see trading as a serious business that need lots of attention. Some individual see trading as gambling and they just make their bet on trades then hope that it is going to give them profits. Majority of the traders are in loses as they think they don't need to learn how to trade before they can begin. Day trading can work for some traders but it won't work for everybody as not everybody can be mentally strong to trade again without emotions after losing the previous day. Long term trading is a little bit like investment therefore this has to favour more individuals to make profits.

EarnOnVictor

hero member

Activity: 896

Merit: 654

Leading Crypto Sports Betting & Casino Platform

Quote from: shawonngp on September 24, 2024, 12:28:46 PM

Quote from: $crypto$ on September 18, 2024, 12:15:50 PM

Quote from: GeorgeJohn on September 18, 2024, 03:58:39 AM

Day trading is like some who needed a instant profit, and what someone who ventures into day trading does is to make a quick profit and go out from the market, why long-term trading is determined by the future you in a particular coin you want to invest, most of the people that venture into day trading always have the vision of making small profits why people who invest for long-term kind of investment is expecting a large profits, this two trading methods you mentioned you most have objectives that's you to choose one, but newbie doesn't know why they chose a day trading or neither long-term trading

Someone thinks they want to get quick profits, even though it is small but if it is achieved consistently then it will also grow bigger, but people forget that it does not always work, because in trading there can be profits and losses. Indeed, quick profits will be more tempting, because profits can be enjoyed at the same time, but the problem is that it is not easy.

Consistency in getting profits is the key, but back to the beginning because it is not easy then it will make people frustrated. Some people ignore the risk, they focus too much on the profit which ultimately makes many people fail in trading.

To keep consistency in profits it's very difficult, i think it's impossible to even for an experienced trader, in the crypto trading risks is higher than profits, who peoples ignore the risk they will definitely lose all of their initial investment, and such mistakes come from beginners, they thinking there are no loss in trading.

The right money and risk management are key here, if this could be calculated well and used with a good trading system and plan, I see no reason why making consistent profits in the market would be difficult. Also, a trader's psychology matters a lot because it's a thing to plan to trade in a way but it's another to adhere to it. Most traders are not just psychologically stable and would always be style-drifting which is not good in the world of trading. The best traders would stick to what they know and if they've not gotten the right system, they should rather continue training and never call themselves a trader until all is sorted out.

tottong

hero member

Activity: 1428

Merit: 592

Quote from: casey15 on February 09, 2024, 06:50:23 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

It depends on each person because for those who do not understand trading will try to buy for the long term.
But you have to differentiate holding from day trading because both have their differences.
Day trading is a bit harder because one needs to understand technique, risk management and discipline when making decisions and there may be many other things to consider.
Trading is a bit more complicated to execute when one does not have good skills.

It is subjective between the two when viewed from different abilities because not everyone has the ability to execute trading and vice versa people understand investing better.

ndutndut

full member

Activity: 644

Merit: 202

Quote from: tvplus006 on September 26, 2024, 06:26:43 AM

Quote from: Sebas.tian on September 25, 2024, 03:39:59 AM

...I think, long term trading is more profitable and reliable than short term trading, which I will prefer long term trading that will increase my income whenever I trade in the market than short term trading, because every traders is looking for huge amount of funds to achieve.

A lot depends on how much time you can devote to trading. And if you really have very little free time left, then you should not even try day trading, but focus on the long-term, which will require a minimum of time from you.

Actually, both strategies can be profitable if applied correctly and consistently. So we don't need to argue at length about the two strategies that we will use, the most important thing is as you said if you do have a lot of free time using a daily strategy also doesn't hurt if you don't have free time long term good choice. What needs to be remembered is that our goal in trading or investing is to seek profit. No matter what method you use, if you can make consistent profits both daily and long term with a satisfactory percentage, that's the best method.

Daily or weekly trading may be more profitable in volatile markets, while long-term trading may be more profitable for the future. The point is that it all comes back to each individual in considering the trading style you like and whether it is suitable for short-term or long-term trading. But what is certain is that the psychology of short-term trading makes you restless, uneasy and so on. this is very different when you choose to go long term, your psychology will be different and can be calmer.

Etranger

hero member

Activity: 504

Merit: 816

Top Crypto Casino

Quote from: Woodie on September 27, 2024, 09:03:34 AM

Day trading for me because I don't like to be kept in the dark waiting for the unknown to happen.

I also prefer day trading, although I wouldn't say it guarantees transparency and the absence of uncertainty, it also keeps you in the dark from time to time. In day trading, unexpected price spikes often occur, even if they are only short-term. This can be misleading, causing impulsive decisions. For example, during longer time-frame trading, these spikes would simply be ignored or unnoticed, whereas on a shorter time frame, they influence the actions of a trader.

Topic: Day trading or Long term (Read 3728 times)