Topic: Day trading or Long term - page 19. (Read 3162 times)

I would pick investment over trading. In trading, you must monitor the market 24/7 but with investment and a good strategy in place you can DCA until you have a reasonably amount of that money. The price of the market doesn't determine whether you continuing investing. One little mistakes made in trading can result in a loss of the traders account not so with investing.

It happened in my friend's life that I told him how to make profit by trading crypto and gave him some basic knowledge. Then he got excited and started trading and at first he lost so much that he got frustrated. Later he practiced trading a lot from this forum and now he is actually a successful trader. So I will say if you try with a little long time it is possible to get success from trading and it will not cause any quick profit.

Right. The choice between holding and trading depends on your individual preferences, skills and risk tolerance. Holding tends to be less stressful and more suitable for long-term thinkers while trading demands a higher level of skill in technical analysis, emotional control and risk management. It ultimately comes down to your level of knowledge and comfort with market dynamics

I think you have already kind of mentioned what should be preferred. You have mentioned that Day trading need more techniques self discipline and rational decision-making.
Now if I express my own opinion then I will say that which trading is good for a trader it depends on the skill of that trader. If the trader has good knowledge about fundamental and technical analysis then I would say both short-term or day trading and long-term trading will be good for him.
On the other hand, if a trader is new to trading and has very little knowledge about trading, then he should adopt a long-term strategy, and in that case he can follow the DCA method for risk management. Because in this case, a new trader must have less technical analysis skills and for this, most of the new traders face losses while doing short term trading, long time investment will save their funds from losses, and must choose Bitcoin as the coin.

It's all boils down to you, the individual involved, holding is less stressful and better for a long term thinker, it requires less skills in knowing market sentiment and technical analysis, but in trading you have to be skilled enough in technical analysis, emotional control, patience and how to use leverage wisely for you to be profitable in the market, and you can make or lose  a whole lot of money in a very short period of time compared to holding, so it's all boils down to you how knowledgeable are you.

It's always going to be BTC/USDT when trading in crypto. AAltcoins trading is often for the long term as the investors are going to wait til the price is ripe for selling.
With BTC/USDT, they can do day trading which is a lot harder in my experience as the trader will need to be on the hourly or even in the 15-minute chart to make trades for the rest of the day.

I prefer the long term and then when the market is great like these days which is always a bull market, day trading can be easy to do. even on the spot market.

It all depends on the project we choose, if we feel the project has benefits and is a popular product, of course I choose to invest in it in the long term, but if the project is driven by fame I will choose daily trading there, because it only takes advantage of the moment Of course, when the fame faded I went and chose another project, I used both day trading and long term trading

In terms of trading, both short-term and long-term gains can be made as well as losses. It depends on your decision when you trade. If you can select the right coin at the right time then you have a high chance of making a profit. On the contrary, if you choose wrongly, it can cause you loss. Whether trading is short-term or long-term, it is also risky. But whatever you do in the end, you can trade with good knowledge and if possible with the advice of those who do professional trading.

Without a very advanced level of knowledge in trading, day trading has a high chance of making losses in the long run. But many people are making good profit through day trading and for them trading is their main earning source. I have a relative who has taken crypto trading and forex trading as his profession and he does day trading most of the time and earns well, but he always says there is a lot of stress in day trading.

And if you invest long term, you will get good returns after a while, which is difficult to get such returns even if you make profit from day trading. So long term investment is a good option if you want a stress free life. Day trading also has good profit opportunities, but it requires deep knowledge of trading and ability to do market research is very important.

I am a daily trader who has converted to a long-term holder, in my opinion, this is much more suitable for those who don't really like analysis because you only need to buy at a cheap price or use the DCA strategy and patiently save it at a predetermined target time, unfortunately, long term holders have to be careful in choosing coins because this is only suitable for a few coins such as Bitcoin or several coins that are quite stable on the exchange, and this will give you big profits if you are patient in holding it for a long time, the longer the chance of getting fantastic profits, but if not having a lot of patience, you can still get profits from long term holding but not much.

If you think that starting day trading to earn quick profit without any prior knowledge of trading consequently that decision would ended up in streak of losses possibly losing all the funded account that means anyone that falls into that category should just adopt long term investment in any credible and reliable crypto afterall profit would be guaranteed after a long period, however if such a trader had enough experience and very knowledgeable in the art of trading then of course such a trader is good to go but trading is very risky compared to long term investment though an experience day trader earns well whenever they triggers a profitable setup.

If you are good in trading then choose day trading. I see people with no bs that are real life traders and they're making a living off it.
But I know that long term it's just good to choose to be an investor and you don't have to put a lot of things into it compared to day trading.
so what makes you happy and profitable you do and you can even choose both of it if you're just too good to be both.

I do not agree with you because there are many people that are financially drained because they are trading. If it is holding, we can say 1 BTC is equal to 1 BTC, but trading is different. Some peoole will go more than 1x leverage or going short in a way that their trading assets can be liquidated. If you hold, that does not means you are missing any potential profit because you are not trading, but it might be that you are missing potential losses while holding might helped you in making enough profit.

Well, when you are talking about trading, I advise you to remove the context of HODLing from it, that is for investment, and not for retail traders like us. You can hold your trading position for long-term purposes, but it is not as in investment that people are mistaking a mere monthly investment for HODLing, you should be advised about it.

As for your inquisition, let me say that day trading is all the trades you open and conclude daily, meaning you are not leaving your position till the next day. This is short-term trading where traders can analyse the market for a short duration purpose and either scalp or trade within minutes and hours, but it will not be more than 24 hours depending on the time the trade opened the trade. A lot of strategies can be used here but most traders use between 1m-4H chart for it mostly. But this doesn't stop some traders from using higher charts for clarity, but will still close the trade on that day. They can also open and close many trades within a day.

For long-term trading, the context is relative, it could be a matter of days, weeks, or months, it all depends, though they are all called long-term trading. You can also use 4H-1M for this analysis. Both (Long and short-term trading) are nevertheless good for earning, it only depends on you as a trader. Your time for trading, the pattern, convenience, emotion and many other considerations are important to choosing what kind of trader you will be. This is even as all need discipline, expertise and management, and not better than each other as you believed. It depends on you.

When it comes to day trading or choosing long term investing, I think there are two criteria that will tell us very quickly which one to choose from. The first one is time and the second is profitability. Long term investing doesn't require a lot of time, we do some initial research to pick the best possible project to invest in and then we only need to monitor our investment and react. Whereas day trading requires a lot of time to constantly evaluate positions and trade on a regular basis. It should be very quickly be clear if we have the necessary spare time to trade every day beside our full time job. The second criteria is profitability, are making enough money with our trades? In case we have a good trading strategy that gives us decent returns after transaction cost, we still need to take our time into consideration. With trading we are can calculate our hourly profits and need to compare that to a traditional job that would also pay us per hour. Our opportunity costs need to be taken into consideration when deciding if we want to go for day trading or not.

Interesting question on day trading versus holding long-term! Going all-in on trading takes guts.  But do we really have to choose just one strategy? There seem to be middle ground options too like swing trading or dollar cost averaging into long positions over time.  Sure, buying and holding is less work, but we miss out on potential profits that way.  Maybe a balanced plan using both short-term trading and long investments based on your personal risk comfort makes sense? Diversity can be good.

OP if you are talking about day trading and long time holding then definitely holding is better than holding no comparison trading as here talking about trading as long time trading and short time trading like day trading then definitely day trading is better because. Those who are experienced about the market and have enough trading strategies can definitely bring success by trading. And no trading is suitable for those who are not experienced about trading and do not know the trading strategy.

Actually, I do both. While I have serveral open trade long-term, sometimes when I see opportunities in the market, I do day trade or scalping. You see, you don't have to choose which type of trading you want to do, as long as you can handle those trading types. Like me, I want a long-term trade in bitcoin, especially, but I sometimes do short-term or scalping when I see potential crypto currency or bitcoin as well. Yes, it's tiresome, but I get big rewards from what I'm doing. Let's say I like trading. When I have free time, I do trading or analyse the market. In that way, I could hone my trading skills more and earn more. So if you can do both, why not? Of course, you will sacrifice some time and effort to do so, and it is also mentally draining, so be prepared. Trading takes so much effort to do.

I think there is no need to confuse yourself since you can resort into doing both if you can cater well to both of its risks. A day trader can also be a long term holder, but not all the time a long term holder can be a reliable day trader. If you think you’re capable to do both, then much better. However, if you are still in the process of learning day trading, focus on long term hodling instead. You can do day trading in the future if you have the necessary skills and strategies to make it work, and of course the sufficient funds that it needs the most.

It depends on your own preference but if you are capable and skillful enough to do day trading, then never miss the chance to day trade and gain decent profits. However, if you are still hesitant and fearful of your ability to trade, hence settle for the less risky activity, that is long term hodling.

While both of these can bring significant profits, but it all depends on how capable you are as a day trader or as a long term hodler. Know where you are mostly good and skilled, then focus on that.