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.
Of course, however and whenever trading will always be about two things, namely profit or loss, simply put you can profit in any amount but you are also very likely to experience losses in any amount. Getting profit quickly is indeed possible but it also depends on how skilled a trader is in taking advantage of every situation that occurs in the market, and on the other hand it is useless if you often succeed in making a profit in a short time but on the other hand you do not have a good way to minimize the possibility of excessive losses.
So there are two important things to consider especially for a new trader, the first is learning how to make a profit, it doesn't need to be fast and it doesn't need to be in large amounts, the point is that it looks realistic and in accordance with the amount of capital you have in the sense that if you have small capital then try to only seek small profits by trading using small amounts, because the most important thing is to be consistent, and the second is to learn various things that lead to risk management such as controlling emotions and also being responsible for all decisions you have made especially when you experience losses.
Getting profit in trading will not be too difficult if you want to learn.
There's indeed that only two possible outcome on which neither you would be able to win or lose a particular trade. In finding on what kind of trading you are really that trying to make use, then it would really be that up to you on which it will really be varying on how well you do able to make use of a certain method or ways on how to deal up with the market. If you are able to handle market volatility in a short term period then short or daytrading will really that fit out into your skills but if you cant be able to bare out the volatility on short term approach then you could always opt for long term on which it isnt really that a bad thing either.
There are really just that those people who are really that impatient and cant wait up on seeing profits on a very long time and thats why they would be opting in on making short trades.
Stick into the thing on where you do find yourself being profitable with long term trades then stick into it but if you are doing the same on short term then stick into it. People will really be naturally be staying
into those methods or ways on which they can find themselves profitable. The key on here is on how oyu would really be able to survive for long term aspect or longer runs on which we know that most traders
are really that failing on achieving such thing. Although it might be hard but doesnt mean that it would be impossible. It would really be that up to you on what are the things that you would gonna
puruse on the moment that you do deal up with this market.
