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Topic: Day trading or Long term - page 21. (Read 3728 times)

sr. member
Activity: 1386
Merit: 406
February 11, 2024, 12:52:46 AM
#52
Even if we start trading for the purpose of day trading, many times we have to wait for a good amount of profit. If we take the trade at the right time there is a chance of profit but if we take the trade at some time the market will go in the opposite direction of our idea due to which then we have money loss instead of profit and then we cannot sell the trade at a loss. If trading is done for long term then we can consider it as investment but trading is usually not done for long term. The way I trade is that I have a certain amount target each day and I am satisfied if I meet that amount each day. Maybe sometimes I make a mistake in trading due to which the money is lost for a while but when the market recovers and makes some profit, I sell my coins.

If a small amount of profit can be made consistently every day, it is better than waiting for a long time. But the business that is done for the purpose of small profit has some risk and needs to understand the market well enough and always be active.
member
Activity: 238
Merit: 68
The forum of keyboard warriors & crypto pro's!
February 11, 2024, 12:45:17 AM
#51
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

The best thing is to to do both and mix it up. Only do one thing is IMO bad. But doing both will increase the total profit a lot.
sr. member
Activity: 868
Merit: 326
February 10, 2024, 10:27:09 PM
#50
Personally, I prefer long term holding over day trading. Daily trading has many temptations and sometimes tends to be negative due to manipulative price movements and making decisions and mental disturbances which result in failure to make a profit. To avoid price manipulation which often goes up and down quickly, I prefer long term holders which are safer when it comes to Bitcoin.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
February 10, 2024, 08:54:50 PM
#49
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.
meanwhile some people are stuck losing because they are fomod your friend is a case where newbie trying to become pro by thorough learning process as well as added experience from experiencing first hand losing.
some people out there are instead always having the same problem over and over again, buy high and sell low, like those that ignore bitcoin when it was bearish and thinks its doomed, and then when bullish come and suddenly price rose, they are trying to invest, its too late though, basically worst decision ever, same with trading some people are so eager to make quick profit they ignore red flag of trading don't do proper analysis and this will only resulted in them losing big time.
day trading or long term honestly it doesn't matter, both can give good profit as long as we know how to take advantage of it properly.
hero member
Activity: 2716
Merit: 904
February 10, 2024, 06:21:11 PM
#48
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.

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
However, while others need to chose which one of them, but if you know you will grow more of your profits if you take both risk, as long as you’re able to manage them, I guess that will be more satisfying on your part, being a hodler and at the same a day trader. But it’s seldom to see people going in both, majority still chose the less risky one knowing in the end you will still be able to gain huge profits.
sr. member
Activity: 924
Merit: 326
February 10, 2024, 06:19:12 PM
#47
  Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better
Long term with targets that can be set. Risk can be minimized and does not require many other techniques and patterns needed in trading.
My long term picks are not for all types of coins, just a select few. For coins that are not very popular and do not have strong potential, I am not interested in doing daily trading because I do not have much time to continuously monitor the price chart.

For Bitcoin, the long term is better and that's what I prefer rather than choosing to trade daily or short term which I can't afford the time for.
In conclusion, the research results show holding is better than trading.
legendary
Activity: 2268
Merit: 1655
To the Moon
February 10, 2024, 05:53:47 PM
#46
Day trading requires a lot of time and if you have a main job, then it will be difficult for you to focus on trading. As a rule, day trading is more suitable for professional traders, for whom trading is the main source of income. For the rest, medium-term trading or long-term investment will be more appropriate.
legendary
Activity: 2618
Merit: 1181
February 10, 2024, 04:51:45 PM
#45
It's okay to have different preferences in the market, you are free to become a day trader or maybe a holder. I like both, but I tend to focus more on holding instead of day trading. Both are equally profitable, but day traders tend to be more likely to be bothered by price volatility than holders.

You may need to juggle real work and your activities in the markets, meaning if you have plenty of time and perhaps make trading your main source of income, then you should be fine. But however, you may need to have long-term investments instead of just day trading. Try to turn some of your profits from day trading into long-term investment assets, that's useful advice.
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
February 10, 2024, 04:24:11 PM
#44
Be it day trading or long term hodling, the risks involved will always be there but it differs on how you manage and overcome those risks, even if we say that day trading is more risky than long term hodling itself. However, if you are highly capable to day trade because of your varied experience, then there’s no problem with that and you will less likely to lose but more on making on profits. But never underestimate hodling as well because the promising profits are also big and huge, but your patience will certainly be put at risk.
sr. member
Activity: 728
Merit: 444
February 10, 2024, 04:06:55 PM
#43
Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better
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.
member
Activity: 665
Merit: 10
SOL.BIOKRIPT.COM
February 10, 2024, 02:40:05 PM
#42
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.
full member
Activity: 1148
Merit: 158
★Bitvest.io★ Play Plinko or Invest!
February 10, 2024, 01:28:47 PM
#41
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.

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
hero member
Activity: 1036
Merit: 933
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February 10, 2024, 01:13:18 PM
#40
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 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.
sr. member
Activity: 266
Merit: 205
February 10, 2024, 01:00:51 PM
#39
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.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
February 10, 2024, 12:21:51 PM
#38
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

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.
sr. member
Activity: 2338
Merit: 273
DGbet.fun - Crypto Sportsbook
February 10, 2024, 11:42:01 AM
#37
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
member
Activity: 364
Merit: 33
February 10, 2024, 11:24:35 AM
#36
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.
hero member
Activity: 1876
Merit: 721
Top Crypto Casino
February 10, 2024, 10:53:37 AM
#35
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.
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.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
February 10, 2024, 09:29:42 AM
#34
Which do you prefer and think is better
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.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
February 10, 2024, 09:18:16 AM
#33
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

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.
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