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Topic: Day trading or Long term - page 15. (Read 3717 times)

sr. member
Activity: 1498
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DGbet.fun - Crypto Sportsbook
April 29, 2024, 06:29:55 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.

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.
legendary
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Leading Crypto Sports Betting & Casino Platform
April 29, 2024, 01:47:31 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.
hero member
Activity: 812
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April 29, 2024, 01:13:57 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.
hero member
Activity: 1428
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April 29, 2024, 12:58:48 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.
full member
Activity: 392
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April 29, 2024, 12:18:25 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.
sr. member
Activity: 364
Merit: 308
April 29, 2024, 12:13:34 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.
newbie
Activity: 17
Merit: 0
April 28, 2024, 10:17:26 PM
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.
full member
Activity: 1148
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★Bitvest.io★ Play Plinko or Invest!
April 28, 2024, 09:30:43 PM
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.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
April 28, 2024, 03:30:31 PM
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
member
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April 28, 2024, 08:24:02 AM
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.
hero member
Activity: 1078
Merit: 566
April 28, 2024, 06:28:15 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. 
newbie
Activity: 17
Merit: 0
April 28, 2024, 06:02:11 AM
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.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
April 28, 2024, 05:54:20 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.
hero member
Activity: 1666
Merit: 513
Leading Crypto Sports Betting & Casino Platform
April 28, 2024, 12:46:33 AM
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.
sr. member
Activity: 770
Merit: 445
April 27, 2024, 10:11:33 PM
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.
hero member
Activity: 1540
Merit: 772
April 27, 2024, 09:42:03 PM
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.
sr. member
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April 27, 2024, 06:09:55 PM
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.
full member
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Hire Bitcointalk Camp. Manager @ r7promotions.com
April 27, 2024, 04:07:07 PM
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

Both (daily trading or long term holding) are very good as long as you feel safe and comfortable implementing them, if asked personally, i prefer to be an intermediate trader, i try to take profits in weeks or months (not years), don't force yourself to become a day trader when you don't have enough time and a group that supports you in implementing it, it's better to be a long-term trader and take profits over a long period of time that has been set.  no one becomes truly proficient in trading, all traders continue to learn and hone their instincts and skills in trading.
hero member
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April 27, 2024, 12:48:01 PM
Before deciding to hold in the long term, of course we have to know for sure the potential of the coins we are going to keep and never hold coins that do not have good potential for the future which makes us lose by holding these coins, if we have a good understanding of how to analyze The market will of course make it easier for us to gain profits both in the long and short term and both of these things will be profitable for us.
I agree, it depends on the coins whether they should be traded for the short term or should be held for the long term, and we should also make sure that the budget we are going to use for long-term investments doesn't consist of the money that we might need in short term for anything else because you can't withdraw your money once you have invested it in case the assets you've bought don't stay in profit in short term.

Short term trades or day trading is best if we have proper knowledge and understanding of the market and we know that we can manage our trades very well in the short term, but without knowledge, it's both a waste of time and money and we should go for the long term instead.
Of course, we must have a good understanding before we make a decision, whether we will hold for a very long time, or whether we will choose to trade daily. If it is bitcoin, then there is no doubt that holding it for a very long time will bring us profits, but for other coins I can say so.
We must be able to analyze well and in analyzing we must have in-depth knowledge. We can't just look and jump to conclusions, especially if we make decisions because of hype or because we have FOMO. That is the wrong step for us to take. Because we can be said to have no reason to make us take steps like that.
It's actually very easy to invest, but in investing our goal is profit, right? So we must be able to carefully consider before making a decision.
If you arent that sure on what path you would really be taking then it would be best that you should be testing out whether you would really be going for short term or long term kind of trades. We do know that each one of
us would really be having that kind of different approach when it comes to trading. There are individuals who do prefer on seeing profits in short term period and  there are ones who would really be liking on having that long term approach. There would really be several factors on which could affect out into your choice;

1. Time preference
2. Risk taking factor
3. Capital
4. Knowledge/Skills

You would be the one will really be making out that kind of adjustments whenever you do see that something doesnt work for you. If you've seen that its something profitable
and something beneficial on your part then you will really be sticking into it on which you would really be having such consideration. There are really just those people who do love on sticking
on which it is really something safer but there are ones who are really that risks takers and loving to deal up with something more riskier but something rewarding.
copper member
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April 27, 2024, 12:33:02 PM
As said before, what to choose it completely depends on you. If you have enough time to give the market, then obviously do day trading. But if you are someone who is busy always and can’t give time to the market, then long term investment is the best option. You need to also understand that, in day trading you get huge profits if done correctly. Hence, it completely depends on a user whether to choose day trading or long term investment. I personally prefer long term investment as less hassle compared to day trading.
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