Day trading or Long term - page 4. | Bitcointalksearch.org

Hurley27

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Quote from: Rabata on August 19, 2024, 08:04:24 AM

Quote from: sulendra12 on August 18, 2024, 05:50:36 PM

Quote from: casey15 on February 09, 2024, 06:50:23 AM

Which do you prefer and think is better

For me personally with the real life workload, for most of the case I don't have time to do day trading where you constantly need to check the chart of your assets regularly to make sure everything is under control. With that hassle, doing long-term trading and in my case DCA is the best and comfortable strategy for me because it requires little to no effort to check and you can forget it for few years and grab more if necessary.

Day trading is definitely not suitable for those who are short on time or don't have time to do proper market research. To profit from day trading, a trader must have knowledge of various disciplines. Also, he should always keep an eye on the market condition. Trading is not suitable for those who will not be able to perform such tasks. While day trading is convenient for many who are free, those who are busy with other activities will be encouraged to hold instead of day trading. An investor can hold without any pressure. Moreover, if you hold for a long time, there is a possibility of getting more returns, but it is not possible for a day trader to get such returns. For those who don't have enough time, holding may be a better strategy than trading.

100% agree. As a day trader myself, it requires an understanding of many different facets of market structure along with understanding how and when to use a variety of indicators. It is very time intensive as you are constantly checking charts and different time frames. It also requires you to prepare and update your chart drawings often. Sounds like holding is the best option for op. Even swing trading requires a decent amount of time and thought.

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Quote from: sulendra12 on August 18, 2024, 05:50:36 PM

Quote from: casey15 on February 09, 2024, 06:50:23 AM

Which do you prefer and think is better

For me personally with the real life workload, for most of the case I don't have time to do day trading where you constantly need to check the chart of your assets regularly to make sure everything is under control. With that hassle, doing long-term trading and in my case DCA is the best and comfortable strategy for me because it requires little to no effort to check and you can forget it for few years and grab more if necessary.

Day trading is definitely not suitable for those who are short on time or don't have time to do proper market research. To profit from day trading, a trader must have knowledge of various disciplines. Also, he should always keep an eye on the market condition. Trading is not suitable for those who will not be able to perform such tasks. While day trading is convenient for many who are free, those who are busy with other activities will be encouraged to hold instead of day trading. An investor can hold without any pressure. Moreover, if you hold for a long time, there is a possibility of getting more returns, but it is not possible for a day trader to get such returns. For those who don't have enough time, holding may be a better strategy than trading.

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Quote from: Fredomago on August 18, 2024, 06:59:47 PM

Quote from: sulendra12 on August 18, 2024, 05:50:36 PM

For me personally with the real life workload, for most of the case I don't have time to do day trading where you constantly need to check the chart of your assets regularly to make sure everything is under control. With that hassle, doing long-term trading and in my case DCA is the best and comfortable strategy for me because it requires little to no effort to check and you can forget it for few years and grab more if necessary.

Yeah right, if you don'thave time to keep engaging yourself and monitoring how the market behaves then better to use that long term investment style, just buy and set your target and leave the market, you only need to monitor once the market is on its way pumping just to check if you already reached your target and collect the earnings that you think is managable to earn.

Not everyone can devote much or all of their time to the market. But whether we choose trading or long-term is not just because we don't have time, we need to choose which method is suitable and gives us the best results. If you could make more profit from trading than from your main outside job, I bet you would quit your job immediately and dive into full-time trading.

Trading is not easy and even if you have the time and knowledge there is no guarantee that you will definitely make a profit from it. Making profits from trading is extremely difficult, which is why most people prefer to invest for the long term.

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Quote from: sulendra12 on August 18, 2024, 05:50:36 PM

Quote from: casey15 on February 09, 2024, 06:50:23 AM

Which do you prefer and think is better

For me personally with the real life workload, for most of the case I don't have time to do day trading where you constantly need to check the chart of your assets regularly to make sure everything is under control. With that hassle, doing long-term trading and in my case DCA is the best and comfortable strategy for me because it requires little to no effort to check and you can forget it for few years and grab more if necessary.

Yeah right, if you don'thave time to keep engaging yourself and monitoring how the market behaves then better to use that long term investment style, just buy and set your target and leave the market, you only need to monitor once the market is on its way pumping just to check if you already reached your target and collect the earnings that you think is managable to earn.

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Quote from: casey15 on February 09, 2024, 06:50:23 AM

Which do you prefer and think is better

For me personally with the real life workload, for most of the case I don't have time to do day trading where you constantly need to check the chart of your assets regularly to make sure everything is under control. With that hassle, doing long-term trading and in my case DCA is the best and comfortable strategy for me because it requires little to no effort to check and you can forget it for few years and grab more if necessary.

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Quote from: Distinctin on February 09, 2024, 03:27:26 PM

For most of the beginner traders, I won’t suggest for day trading since the process is quite tough and more risky. It requires a highly skilled and strategic trader so he can be profitable with his trades despite of the high risk. While it offers bigger amount of profits for those who are good in day trading, it can also be a source of instant losses for those who are not skilled enough. So day trading while performing high caution is always recommended.

However, long term hodling is always the safest option for the majority. Though the profits may still takes a longer time before it can be yours, but I would say its massive amount will bring higher satisfaction on us.

Exactly, holding is the safest way unlike a day trading, it is very risky and tough, long time holding is very beneficial to a trader because they afford a lot of profits at the end, that would be able to fulfill a lot of responsibilities, a day trading is not prohibited neither unlawful, but in term of safety precaution it is not safer than long term holding, it benefit only the expert and if care is not taken the money will be at stake.

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Quote from: Krishna1942 on August 17, 2024, 08:48:42 AM

Day trading requires lot of discipline, money management, emotional control, proper trading plan otherwise you will loose capital. After a loss you try to cover by another trade which lead to more losses. Long term trading with proper entry and exit gives good profit.

Exactly, day trading is too difficult to handle your money, if a day trader can not control it proper way then loss is confirm at end of the day, so it's not for beginners. Long term trade is safe to exit with good profit, and everything can easily control systematically, i recommend and i would like to trade in long term.

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Day trading requires lot of discipline, money management, emotional control, proper trading plan otherwise you will loose capital. After a loss you try to cover by another trade which lead to more losses. Long term trading with proper entry and exit gives good profit.

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Quote from: shawonngp on August 13, 2024, 07:21:18 AM

But patient is everything in trading to make profits or losses, definitely i would like to trade in the long term, it's more safest trading and maximum profits is possible. Day trading is not for everyone, it's very risky, high pressure and high chances to make wrong trades, so a lot of stuffs you need control. In the long term trade, a big advantages is you have high chances to get enough profits to leave a project.

When you start crypto you have to build your foundation on patience and faith because you need all you can because if you are not patience enough then you might even want to sell at a very low price because you might be discouraged that things might not go well. And trading for a very long time is also good, and since I trade and I have idea from those that are holding and holding is safer, because you don't need to do anything the only thing you need to do is to just buy and keep but when you want to trade you can get lost money especially if you are doing futures but to me spot is even safer, you don't do to much but you see having control is important and that is why you don't get involve until you have knowledge about it, so that you can even decide which one you want to do either holding or trading.

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Quote from: benalexis12 on August 13, 2024, 06:42:57 AM

Quote from: Etranger on August 11, 2024, 05:26:48 AM

Quote from: shinratensei_ on August 01, 2024, 09:44:31 PM

day trading is profitable for people that borderline speculating with high leverage, usually with 20x - 100x leverage, a slight price movement already results in either big loss or short loss, people are usually using that to keep them from wasting too much time, but of course it requires extensive knowledge and experience for anyone to be able to profit.

if you don't leverage then you will need big capital for your trades to be actually meaningful and can give you good enough profit otherwise if you use small capital then the profit will be really small too.
it's always the higher risk the higher profit kind of thing.
so if you think the profit is too small with day trading maybe your strategy is wrong.

I don't know, I am kinda scared if such leverages, to be honest. I understand that they give you much more opportunity to make significant profit even on a small deposit, but if the price goes in the wrong direction, your position can be liquidated in a matter of seconds and this is dangerous. I personally have never traded with leverage higher than x5, so it’s hard for me to imagine how people take x100.

The x5 up to x10 leverage is actually safe, regardless of the amount of the fund that you will make a futures trade on the exchange. Just don't go as high as x20, especially if you're not sure about something like this.

But the only people who often do that are those who are in a hurry to make a lot of money in trading and are greedy for money to get huge in the scenario.

That's good advice, we should consider our risks and how we would manage them before we can be successful in trading. The issue with futures trading is that it is trading margined products and this can never be taken lightly by any trader as they must utilize leverage to be able to gain something substantial from the market. But if you have enough money, I advise that you use the low level, and if it is possible, you should use x1 so that the fee will be reduced and so is the trading risk.

This will enhance the right management as well as there must be the right risk-to-reward ratio when trading, but sadly, most traders overlook all these, their minds are centred on the money to be made, and this is certainly not good. This can only explain why some traders want to trade long-term but are using x50 leverage or more and are also taking the full risk with that high leverage. It won't be long before the whole money will be wasted. This is avoidable as our risks, management and our trading style must align for our good.

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Quote from: casey15 on February 09, 2024, 06:50:23 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

Basically, day trading is profitable if the market is good, and if there is volatility in the market, it must also face losses. But we know both long term and day trading are risky, but I will always choose long term because it is less risky. Day trading requires a lot of patience and experience, moreover, it is never possible to make a profit, rather you have to face losses if you do not have good experience about the market. But here I think it is best to invest for long term and here risk is less and chances of profit are more I plan for long term. I also agree with you but in order to make profit a trader must have enough knowledge in day trading. But I don't think about trading constantly but plan to hold the investment for a long time and this I think will be good.

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Quote from: casey15 on February 09, 2024, 06:50:23 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

As someone who is into making money from crypto, you must learn not to depend solely on one means or way of making money, try as much to diversify your means and strategies.

So, concerning what you are asking, I would say the two, since they don't counter each other, you can be a day trader even while a long term holder at the same time.
Buy some really good coins and keep them for the long term profit, and do day trading as a way of making money from crypto on a daily, if you become really good with trading, it's possible to make consistent profit, and you can use some of this profit to invest and strengthen your crypto investments, which also acts as your crypto portfolio.

And just to add, it's possible to make really good amount of money from trading crypto, but then, having one or more of your crypto investments of a long term pay off can be life changing, depending on the price you sold it, and the number of coins you have.

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Quote from: Dr.Osh on August 12, 2024, 09:05:38 AM

Quote from: Sakanwa on August 02, 2024, 04:48:46 AM

Long term trading has always been a preferred choice for me, because I know the risks involved in day trading and how it has affected many lives who engaged in it.Day trading is something we wish to comprehend and know the strategies to use in tackling it,but if you want to make profit,the best option to me is holding it for a long term,and making sure the investment done is on a profitable and promising coin, because there are coins that will just stall without it bringing out a good result.
Therefore,holding is the best to me,and it is only long term holding I can endulge in.

well, I think, most people who are serious about trading will choose to trade in the long term. There are many advantages to this, and one of them is being able to maximize profits. Actually, day trading also has advantages, but it is very difficult to make optimal profits. However, I prefer to trade in the long term, but it all depends on the situation. Being flexible might be better.

But patient is everything in trading to make profits or losses, definitely i would like to trade in the long term, it's more safest trading and maximum profits is possible. Day trading is not for everyone, it's very risky, high pressure and high chances to make wrong trades, so a lot of stuffs you need control. In the long term trade, a big advantages is you have high chances to get enough profits to leave a project.

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Quote from: Etranger on August 11, 2024, 05:26:48 AM

Quote from: shinratensei_ on August 01, 2024, 09:44:31 PM

day trading is profitable for people that borderline speculating with high leverage, usually with 20x - 100x leverage, a slight price movement already results in either big loss or short loss, people are usually using that to keep them from wasting too much time, but of course it requires extensive knowledge and experience for anyone to be able to profit.

if you don't leverage then you will need big capital for your trades to be actually meaningful and can give you good enough profit otherwise if you use small capital then the profit will be really small too.
it's always the higher risk the higher profit kind of thing.
so if you think the profit is too small with day trading maybe your strategy is wrong.

I don't know, I am kinda scared if such leverages, to be honest. I understand that they give you much more opportunity to make significant profit even on a small deposit, but if the price goes in the wrong direction, your position can be liquidated in a matter of seconds and this is dangerous. I personally have never traded with leverage higher than x5, so it’s hard for me to imagine how people take x100.

The x5 up to x10 leverage is actually safe, regardless of the amount of the fund that you will make a futures trade on the exchange. Just don't go as high as x20, especially if you're not sure about something like this.

But the only people who often do that are those who are in a hurry to make a lot of money in trading and are greedy for money to get huge in the scenario.

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Quote from: Obari on June 14, 2024, 01:59:47 PM

[Edited Out]

Although I prefer to invest for long term but day trading can also be profitable unless people get addicted to it or cannot control their emotions. Because day trading exhibits a lot of gambling like behavior. I ‍am not saying it is gambling but in day trading people often lose their control I am not saying that everyone will be like this. The most important thing for day trading is to set targets and control emotions. Only then can one return profitably from there unless the fortunes are absolutely adverse.

To profit from day trading you must first become an experienced trader. Then learn to control your emotions. Controlling emotions is a very simple task by an experienced trader. However, not all experienced traders can control emotions, but most experienced traders are trained to control emotions. Long-term investment can also be called as a type of trading. In this case the possibility of loss is less in long term trading as compared to day trading. Personally I favor long term investment.

Controlling emotions is very difficult especially in trading. Many times it is seen that even experienced traders get emotional while trading which results in poor results. So I do not think it is an easy task but I have no doubt that veterans can control emotions more easily than other traders. Since the time frame in day trading is relatively short there is a high chance of emotion acting in such a case so it carries more risk than investing on a long term basis.

That's right, In day trading is very difficult for newbies or even experienced traders, when day traders trying to profit within 24 hours it's quite difficult to make profit within this time frame, so when there are high chances to get emotional, then loss is confirmed, day trading is not for beginners, sometimes also experienced traders can not control their emotion i have seen several experienced traders faced a big losses.

On the moment that you do consider yourself on having that day trading career type of trade then this isnt something that will really be just that too easy for those who are really just that starting up.
It would really be never ever kind of thing on which you could really be able to make yourself that dealing up with the market volatility that easily. You would really be finding yourself that being too
hasty when it comes into this aspect because on the moment that you would be making up that day trading then you would really be needing up for yourself to deal with the market on active manner
on which we know that volatility of this market isnt something a noob could really be able to handle or even into those people who had just traded up for a few months into this market.
The moment that you do directly be doing up this kind of path of trading then you would really be that prone into tons of mistakes just because of too much expectation. This is why it would really
be that important that you should really be dealing into something realistic or something which is really that appropriate into your knowledge and skills on that particular point and never rush up things
without having those kind of considerations.

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Quote from: MissNonFall9 on July 28, 2024, 11:07:39 AM

Quote from: Jewan420 on June 28, 2024, 12:38:30 PM

Quote from: MissNonFall9 on June 25, 2024, 01:01:06 PM

Quote from: batang_bitcoin on June 15, 2024, 02:21:17 AM

Quote from: Sakanwa on June 14, 2024, 11:14:28 PM

Quote from: batang_bitcoin on June 14, 2024, 05:26:41 PM

Quote from: Obari on June 14, 2024, 01:59:47 PM

[Edited Out]

Although I prefer to invest for long term but day trading can also be profitable unless people get addicted to it or cannot control their emotions. Because day trading exhibits a lot of gambling like behavior. I ‍am not saying it is gambling but in day trading people often lose their control I am not saying that everyone will be like this. The most important thing for day trading is to set targets and control emotions. Only then can one return profitably from there unless the fortunes are absolutely adverse.

To profit from day trading you must first become an experienced trader. Then learn to control your emotions. Controlling emotions is a very simple task by an experienced trader. However, not all experienced traders can control emotions, but most experienced traders are trained to control emotions. Long-term investment can also be called as a type of trading. In this case the possibility of loss is less in long term trading as compared to day trading. Personally I favor long term investment.

Controlling emotions is very difficult especially in trading. Many times it is seen that even experienced traders get emotional while trading which results in poor results. So I do not think it is an easy task but I have no doubt that veterans can control emotions more easily than other traders. Since the time frame in day trading is relatively short there is a high chance of emotion acting in such a case so it carries more risk than investing on a long term basis.

That's right, In day trading is very difficult for newbies or even experienced traders, when day traders trying to profit within 24 hours it's quite difficult to make profit within this time frame, so when there are high chances to get emotional, then loss is confirmed, day trading is not for beginners, sometimes also experienced traders can not control their emotion i have seen several experienced traders faced a big losses.

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Quote from: Dr.Osh on August 12, 2024, 09:05:38 AM

Quote from: Sakanwa on August 02, 2024, 04:48:46 AM

Long term trading has always been a preferred choice for me, because I know the risks involved in day trading and how it has affected many lives who engaged in it.Day trading is something we wish to comprehend and know the strategies to use in tackling it,but if you want to make profit,the best option to me is holding it for a long term,and making sure the investment done is on a profitable and promising coin, because there are coins that will just stall without it bringing out a good result.
Therefore,holding is the best to me,and it is only long term holding I can endulge in.

well, I think, most people who are serious about trading will choose to trade in the long term. There are many advantages to this, and one of them is being able to maximize profits. Actually, day trading also has advantages, but it is very difficult to make optimal profits. However, I prefer to trade in the long term, but it all depends on the situation. Being flexible might be better.

By looking on the market conditions and price fluctuation i have concluded that in this scenario short term trading is good, you can do daily or weekly trading and you will get some good profit. Long term investments are bit risky in this scenario in my opinion. I recommend bitcoin and ethereum only for longterm, buy now and wait till 2026!

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Quote from: Sakanwa on August 02, 2024, 04:48:46 AM

Long term trading has always been a preferred choice for me, because I know the risks involved in day trading and how it has affected many lives who engaged in it.Day trading is something we wish to comprehend and know the strategies to use in tackling it,but if you want to make profit,the best option to me is holding it for a long term,and making sure the investment done is on a profitable and promising coin, because there are coins that will just stall without it bringing out a good result.
Therefore,holding is the best to me,and it is only long term holding I can endulge in.

well, I think, most people who are serious about trading will choose to trade in the long term. There are many advantages to this, and one of them is being able to maximize profits. Actually, day trading also has advantages, but it is very difficult to make optimal profits. However, I prefer to trade in the long term, but it all depends on the situation. Being flexible might be better.

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Quote from: shinratensei_ on August 01, 2024, 09:44:31 PM

day trading is profitable for people that borderline speculating with high leverage, usually with 20x - 100x leverage, a slight price movement already results in either big loss or short loss, people are usually using that to keep them from wasting too much time, but of course it requires extensive knowledge and experience for anyone to be able to profit.

if you don't leverage then you will need big capital for your trades to be actually meaningful and can give you good enough profit otherwise if you use small capital then the profit will be really small too.
it's always the higher risk the higher profit kind of thing.
so if you think the profit is too small with day trading maybe your strategy is wrong.

I don't know, I am kinda scared if such leverages, to be honest. I understand that they give you much more opportunity to make significant profit even on a small deposit, but if the price goes in the wrong direction, your position can be liquidated in a matter of seconds and this is dangerous. I personally have never traded with leverage higher than x5, so it’s hard for me to imagine how people take x100.

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Quote from: Obari on July 29, 2024, 02:51:56 PM

Quote from: MissNonFall9 on July 28, 2024, 11:07:39 AM

Controlling emotions is very difficult especially in trading. Many times it is seen that even experienced traders get emotional while trading which results in poor results. So I do not think it is an easy task but I have no doubt that veterans can control emotions more easily than other traders. Since the time frame in day trading is relatively short there is a high chance of emotion acting in such a case so it carries more risk than investing on a long term basis.

I agree with you and it is always very difficult to overcome emotions because the moment a trader can be able to battle his emotions and be able to make financial decisions without emotional sentiments then I think that trader is already half way to success in the trading industry.
Frankly, it’s always very difficult to overcome emotions when trading especially as a newbie and this is mostly common among traders who trade with money they can’t afford to lose and the moment the losses gets more, emotions sets in and most times leading to chasing of losses and possibly blowing of accounts.

To avoid trading with emotions, it is always advised that you gamble with only the amount you can afford to loss and always be able to identify when to trade and when not to trade as well as not able to identify when to take profit and stop loss.

Both happiness and sadness make people very emotional. And any kind of action or decision taken during this emotional time is prone to mistakes. And that is why wise people say not to make any decisions during times of extreme happiness and sadness. And since trading is a very sensitive matter, it should be done with extreme caution in this case and whenever it seems that the emotions are getting too much then no matter how hard it is one should refrain from taking the tread. Losing money is very painful for any person so everyone should participate in trading consciously.

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