Day trading or Long term - page 13. | Bitcointalksearch.org

$weetne$$

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Quote from: bettercrypto on April 29, 2024, 07:29:55 AM

Those two are obviously the same and can provide profit in all trading if the method or strategy to be used by an individual trader is correct, which depends on the knowledge that the traders have. Actually, they can be done at the same time while doing day trading and long-term trading.

I do not think doing both of them at the same time will be a good decision because you can confuse the two type of trading and you will not become a master of anyone. If you want to become a short term trader, you have to be trading in that way and if you want to master long term trading, you also have to be trading in that way. It is when you are trading and holding that you can do both and still master them because they are two different things that you are doing. Long term trading is similar to holding because you will be holding the coin for almost the same time that you would had been holding if you are investing and not trading. I feel it should not matter how will make profits as long we can make money from any of the ways of trading. Some people can make money from short term trading and for others it has to be long term trading for them to make profits.

Compromise me

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Quote from: cryptoWODL on April 29, 2024, 01:13:34 AM

One of the main goals of all of us traders is to make a profit from trading. So whether we day trade or long term trade we aim to make the same profit in that trade. There are many traders who want to make quick profit from trading for which they choose day trading. There are strategic variations in both day and long term. Day trading is short term i.e. one day trading whereas long term trading is for few years or few months. As we all know crypto is very volatile there are risks involved in day trading.

On the other hand, if we trade a coin for long term then we may face less loss because we will hold it until the price of the coin increases and later when we see the price of that coin increase then we will sell it that is the advantage of long term trading.

Rightly said , I really like your point that our trading is really about making a profit.But what is important is whether you have analyze before trading or investing and which one to choose because sometimes long term investment gives loss while investing for few days or few months gives profit. Your choices are based on your analysis and decision,there are many cases where users make trading and investment without proper analysis and later lose users who place a trade when they see a copy or coin going up and then try to close the trade immediately after seeing it go down, two things to keep in mind when trading or investing. We can be profitable a technical analysis and fundamental analysis lead you to substantial profits.

WatChe

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Quote from: boyptc on April 28, 2024, 04:30:31 PM

I am also suggesting to buy BTC instead of many alts. But we can't force people into buying it if their main strategy is to hold a lot of altcoins for this bull run.

Because with what they think is that it's best to have a lot of it for their preparation for the upcoming bull run.

If it is not going to work for them then they can always do the strategy that we're doing and that is to hold Bitcoin no matter what the market status is.

Of course we can't force anyone to adopt our strategy or buy what we are buying. Everyone is free to adopt path suggested by his mind because it's your money and you are the one who will bear profit or loss.
If I have to invest in alts for upcoming bull run then I will prefer to go with 90:10 ratio, where 90 percent for BTC while rest of 10 percent for alts. I prefer to chose alts from top 10 listed on CMC not the ones that are cheap in price with speculation that they will go high in price in next few weeks.

bettercrypto

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Those two are obviously the same and can provide profit in all trading if the method or strategy to be used by an individual trader is correct, which depends on the knowledge that the traders have. Actually, they can be done at the same time while doing day trading and long-term trading.

And a lot of people have been doing that until now, to be honest. There are others who really don't want the hassle anymore, so they do it long-term, and there are others who know that they can get a profit daily, even if it's only a small amount of profit, as long as there is at least some profit coming in at the end of the day.

Fredomago

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Quote from: Natsuu on April 28, 2024, 10:30:43 PM

Quote from: B2Z on April 28, 2024, 09:24:02 AM

Many times we get impatient. We should not be impatient. We want to make money but if we want to make money overnight we have to face loss so we always have to trade slowly and patiently only then we can be successful.

That's why the type of trading plan and strategy that you have should be in the light of the type of your personality. Because if you are trading longer term, then you will have less exposure in the market. You won't appreciate it if you want to trade everyday and you are more inclined of not following your plan and being impatient. Also, there's a very different style for investing, which means long term trading is not investing.

That's why you cannot just copy other people's trading. You must tweak it until it resonates with you.

You need to work with your own understanding, though it helps a lot that you are walking with the patterns that someone already succeed, but without tweaking things out, there's no way that you will accurately duplicate or immitate the same outcome, there are things behind each strategy and those who created it always have back up plans in case things won't work and they can easily change it when it needed the most.

you have all the resources but you still need that determination to keep seeking for the best ways to anticipate with better accuracy and keeps learning the process.

Gladitorcomeback

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Quote from: cryptoWODL on April 29, 2024, 01:13:34 AM

One of the main goals of all of us traders is to make a profit from trading. So whether we day trade or long term trade we aim to make the same profit in that trade. There are many traders who want to make quick profit from trading for which they choose day trading. There are strategic variations in both day and long term. Day trading is short term i.e. one day trading whereas long term trading is for few years or few months. As we all know crypto is very volatile there are risks involved in day trading.

On the other hand, if we trade a coin for long term then we may face less loss because we will hold it until the price of the coin increases and later when we see the price of that coin increase then we will sell it that is the advantage of long term trading.

In my 5 years experience of trading I think long term holding is beneficial for new users who don't know much about market fluctuations but entry on right time is worthy here. If anyone take entry on peak and then wait for long term ,He will wait to recover in 3 years rather than getting any benefit. On the other hand If any inexperienced trader start day trading then 80% chances that he will loss in first week. I made more profit in long term holding but if anyone have a good experience than I think day trading is much more beneficial.

tottong

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Quote from: casey15 on February 09, 2024, 07:50:23 AM

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

The level of rationalist is very dependent on the skills we have and if the daily trade involves a higher volatility because it talks about an uncertain market it will give birth to its own difficulties for most traders.
Therefore daily trading requires more ability to recognize the level of analysis of the market and coin trips themselves. Holding only needs to understand the fundamental level of coins and usually talk holding is inseparable from what coins we will hold. If it fails to understand the fundamental level of coins, the holding will end worse the market for the selling price of coins.

That is why when talking holding people are more likely to think about bitcoin compared to other coins. Apart from some people who might hold ETH or BNB for the long term to hold.

martinex

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Quote from: ethmaximalist on April 28, 2024, 07:02:11 AM

But now as I think market is unstable and risky, I have been hodling what I have for the past 3 years.

All i earned from crypto are gains from my patience and lonng term hodl.

I will use both and see where the market is going and the market. If the market looks like it currently enters and exits is quite impressive. My view is quite decent also for coin estimation customers if we trade daily.

From the results of daily trading I will put the results back into my investment account with the same coin on a different exchange. If the situation has shown a new upward condition, apply a new hold back while waiting for the ATH price to return. Yes. All need patience let alone long-term hold.

cryptoWODL

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One of the main goals of all of us traders is to make a profit from trading. So whether we day trade or long term trade we aim to make the same profit in that trade. There are many traders who want to make quick profit from trading for which they choose day trading. There are strategic variations in both day and long term. Day trading is short term i.e. one day trading whereas long term trading is for few years or few months. As we all know crypto is very volatile there are risks involved in day trading.

On the other hand, if we trade a coin for long term then we may face less loss because we will hold it until the price of the coin increases and later when we see the price of that coin increase then we will sell it that is the advantage of long term trading.

d-baet guns

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Basically long and short term trading has its own risks, short term trading itself is usually done daily which relies on daily market volatility, long term trading itself is usually done long term which may take months or years until you get a profit. Here, we as long and short term traders must be more experienced in order to minimize the risk of losses.

Natsuu

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Quote from: B2Z on April 28, 2024, 09:24:02 AM

Many times we get impatient. We should not be impatient. We want to make money but if we want to make money overnight we have to face loss so we always have to trade slowly and patiently only then we can be successful.

That's why the type of trading plan and strategy that you have should be in the light of the type of your personality. Because if you are trading longer term, then you will have less exposure in the market. You won't appreciate it if you want to trade everyday and you are more inclined of not following your plan and being impatient. Also, there's a very different style for investing, which means long term trading is not investing.

That's why you cannot just copy other people's trading. You must tweak it until it resonates with you.

boyptc

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Quote from: WatChe on April 28, 2024, 07:28:15 AM

Quote from: boyptc on April 28, 2024, 06:54:20 AM

Those are top coins in the market and those are good choices.

Yes, no doubt that they have strong fundamentals and we have seen the pumps that has came to those. Still, btc's dominance on the market makes it the best choice of them all whether you trade or hold.

No doubt coins like ETH, BNB are good choices but there price moment is tightly linked with BTC. If BTC moves up these alts go up and vice verse. So why not focus on BTC then to invest on alts that are dependent on BTC for price moment.
To me whether you go for BTC or alts the success lies in long term investment not in short term. Just invest in BTC and HODL, the best way to invest in BTC is to adopt DCA strategy. So far results of DCA for 4 to 5 years are very much hofty.

I am also suggesting to buy BTC instead of many alts. But we can't force people into buying it if their main strategy is to hold a lot of altcoins for this bull run.

Because with what they think is that it's best to have a lot of it for their preparation for the upcoming bull run.

If it is not going to work for them then they can always do the strategy that we're doing and that is to hold Bitcoin no matter what the market status is.

B2Z

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In trading, we must have a long-term plan because if we trade in a very short period of time, then we will face a lot of losses before the market fluctuates, so we should always trade with a long-term plan so that we can achieve success through this trade. can do In trading we must have a long term plan and check the market patiently and then we have to trade. Many times we get impatient. We should not be impatient. We want to make money but if we want to make money overnight we have to face loss so we always have to trade slowly and patiently only then we can be successful.

WatChe

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Quote from: boyptc on April 28, 2024, 06:54:20 AM

Those are top coins in the market and those are good choices.

Yes, no doubt that they have strong fundamentals and we have seen the pumps that has came to those. Still, btc's dominance on the market makes it the best choice of them all whether you trade or hold.

No doubt coins like ETH, BNB are good choices but there price moment is tightly linked with BTC. If BTC moves up these alts go up and vice verse. So why not focus on BTC then to invest on alts that are dependent on BTC for price moment.
To me whether you go for BTC or alts the success lies in long term investment not in short term. Just invest in BTC and HODL, the best way to invest in BTC is to adopt DCA strategy. So far results of DCA for 4 to 5 years are very much hofty.

ethmaximalist

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When I first joined crypto back in 2017, I did day-trading and checked everything every second, it was fun.

But now as I think market is unstable and risky, I have been hodling what I have for the past 3 years.

All i earned from crypto are gains from my patience and lonng term hodl.

boyptc

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Quote from: God bless u on April 27, 2024, 08:35:57 AM

Projects like ETH, BNB,SOl etc have very strong fundamentals and they are returning some very good profits to their investors as well. Yes BTC has influence on these a little bit that can't decide the bright future of these coins..I think they'll come more stronger in upcoming time.

Those are top coins in the market and those are good choices.

Yes, no doubt that they have strong fundamentals and we have seen the pumps that has came to those. Still, btc's dominance on the market makes it the best choice of them all whether you trade or hold.

GigaBit

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Both day trading and long term have the same objective to make profits. But those who want to make quick profits usually they do day trading, while those who want to wait for a long time do the usual long-term planning. However, although the objective of the investors here is the same, the strategies are different. Generally, in order to profit in day trading, an investor needs to use the market volatility every day to profit from it. Even if there is a cash supply in day trading, it is risky. Here an investor has to be experienced enough otherwise he will lose there. Those who are long term holders also have risk but comparatively much less than day traders. Market volatility has little effect on long term holders. Long term holders have to hold for a long time which is time consuming and many cannot afford to hold.

Stable090

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Quote from: casey15 on February 09, 2024, 07:50:23 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.

The both are better depending on the on which you choose. But you have to do your research first before you know which one you will be going into. If you want to be a trader, then you should know learning how to trade is not a day task, trading require’s constant learning, and you have to be putting it in practice, trading is not what you can learn easily, and the risk is just kind of high, but if you need constant income, then you can venture into trading.

If you want to be a holder, it requires less attention, and the risk is kind of low if you are holding the appropriate coin, but if you are a holder then you should have other ways which you will be making money, because you won’t be making money frequently if you are holding. Most people don’t really have time for analysis always, so people like this should just buy and hold.

aylabadia05

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Quote from: casey15 on February 09, 2024, 07:50:23 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

Daily trade cannot be used as a definite action in expecting profits even in practice traders can do it well.
Long -term is also risky if the type of coin purchased at Hold in Exchange and is not appropriate in making the decision to buy coins that are not potential.
What you mean in my opinion related to the long term here is investment, not trade.
Only Bitcoin is included in a good coin for the long term and I will choose a long -term choice only on Bitcoin.

Ndabagi01

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Quote from: casey15 on February 09, 2024, 07:50:23 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

I don’t think anyone is better because they’re both good and you can go with anyone that you’re okay with depending on your preference. This is just an example of a trader and an investor. A trader looks into what they can get in a short term in the market when they’ve seen an opportunity to go into it while taking risk into account.

While an investor looks into the future potentials of their investments, keeping to patience, risk management in order to get the maximum returns from their investments. For a novice, long term trading is more beneficial to them than day trading because of the high volatility it comes with and how easy you can lose all of your capital.

Topic: Day trading or Long term - page 13. (Read 3291 times)