Topic: Day trading or Long term - page 6. (Read 1556 times)
I am trading in day trading and long term trading, i would like to day trading with meme coins because those coins pumping and also dumping in every day, now hype coins are going crazy and i am holding shiba inu,pepe and floki and i sold a few times with profits. Long term trading is BTC,ETH and some other alt coins. I did both of trading.
Best is to wait and do nothing.
I've been on this game for long time and I can say that I am definitely one of the long term investors out there that have been monitoring the markets as much as I can.
Not giving a lot of effort but when it comes to investing, that's where I am putting my all when I am confident that it's the best time to buy.
I've been on this game for long time and I can say that I am definitely one of the long term investors out there that have been monitoring the markets as much as I can.
Not giving a lot of effort but when it comes to investing, that's where I am putting my all when I am confident that it's the best time to buy.
Daily trading we can earn profit every day or short term trade and potential to earn up to few percent every entry without holding for long term, but daily trading can't reach up until hundred percentage of profitable difference with long term trading.
But in long term trading need more patience waiting the coins or bitcoin up drastically and take longer time with more long term holding has chance to earn bigger profitable.
Depend with your financial condition if stable and have passive income in other side you can make cryptocurrency for long term trading, seems difficult without have side or main job to make bitcoin or altcoin investment become long term trading without earn any income yet in daily day difference for investors they have main job and side income.
But in long term trading need more patience waiting the coins or bitcoin up drastically and take longer time with more long term holding has chance to earn bigger profitable.
Depend with your financial condition if stable and have passive income in other side you can make cryptocurrency for long term trading, seems difficult without have side or main job to make bitcoin or altcoin investment become long term trading without earn any income yet in daily day difference for investors they have main job and side income.
Asking which is better day trading or investing? Well, that depends on your capacity and risk appetite. The most important is we need to assess ourselves and what we think suits us because it is not just we are talking about how much we possibly earn but we are talking about which one is ideal for us.
I can choose trading if I know myself I can do well or choose to just invest because there is less risk and no pressure. Or we can take them both. But why I suggest investing over trading because it is the simplest thing to do. Just Buy and Hold it for a few years, we can already earn money. But in trading, we need to exert effort in dealing with the day-to-day market volatility and also carefully analyze the situation before placing an order. That is a lot of hard work and patience.
I can choose trading if I know myself I can do well or choose to just invest because there is less risk and no pressure. Or we can take them both. But why I suggest investing over trading because it is the simplest thing to do. Just Buy and Hold it for a few years, we can already earn money. But in trading, we need to exert effort in dealing with the day-to-day market volatility and also carefully analyze the situation before placing an order. That is a lot of hard work and patience.
In fact, I looked at this question before, and in retrospect, I personally prefer long term holding. This seems to be said to be an investment by some people, but what I do is just like saving in assets that I like and in this context they are usually assets with a high cap.
The main difference between short term trading and long term trading is emotional control, where each long term holder usually does not involve emotions because of daily candle movements alone, but their vision is more long term.
The task is indeed easier, but the potential profit in % may take longer to get a high ROI. And most importantly, the risk is not as big as that of daily traders.
The main difference between short term trading and long term trading is emotional control, where each long term holder usually does not involve emotions because of daily candle movements alone, but their vision is more long term.
The task is indeed easier, but the potential profit in % may take longer to get a high ROI. And most importantly, the risk is not as big as that of daily traders.
It is safer to hold that trade for long depending on your analysis. If you're bullish on the long term make sure you have a margin that can keep you in the market even if the trade is going against you in the short term
There is no way we could hold trade for a longer time if we are not an institutional trader. You need to understand that you will need to be paying fee when trading depending on how long you have been in the market.
If you don't have the kind of capital that could sustain you trade for a longer time, it would be an advise for us to go for trades we can make profits easily and not stress ourselves for weeks holding trades.
Yes, it is an open market for people that want to do a day-to-day trading, but that is a lot of things involved on day to day trading the risk of losing your capital or your trade is high because you are entering the market at any time. Your coin is not stable. Actually, it is good to go into the trading but for me I don’t really see much fun on daytrading I just buy hood because of my experience I have also listened to a lot of advice on Trading and the kind of coin to buy but I end up losing a lot.
Since you are aware of the pros and cons, you should choose which suits your capacity. If you know your level of income is enough for you to risk some good amount of money, then you can start day trading because i know that if you want to start day trading, there is a level of financial comfort you should have reached so that you won't run out of cash and also that you should have experience in trading.
It is not like investing for the long term, where you buy and hold; you have to learn how to trade, watch the price movement. market chart, and so on. It takes a lot of discipline and determination to day trade, which is why i won't give myself such burdens; instead, i just buy and hold.
It is not like investing for the long term, where you buy and hold; you have to learn how to trade, watch the price movement. market chart, and so on. It takes a lot of discipline and determination to day trade, which is why i won't give myself such burdens; instead, i just buy and hold.
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.
The amount of risk depends on the assets you are trading or holding, and that depends on your knowledge of the market and certain cryptocurrencies. When you are buying assets that you will hold for the long term, you need to make sure that the assets are the most trusted ones in the market so that you don't face issues in the middle of your planned holding period if that happens, you will most likely lose money because you will have to sell your assets.And when you are day trading, you are free to trade any cryptocurrency of your choice considering you know the risks involved and have a clear idea of when you need to buy and when you need to sell it so that you don't incur any losses and manage to get some profit from every trade you make, though it's difficult to get profit from every trade, one can still try to be as efficient as possible.
It is safer to hold that trade for long depending on your analysis. If you're bullish on the long term make sure you have a margin that can keep you in the market even if the trade is going against you in the short term
Safer to hold and that is why we likely hold way more than we trade. If you compare the time we hold, like even days we do not trade, you will see that majority of the crypto market just holds, and only a bit of them trades and even thy do not trade all the time. We should consider that as the most important part. I get that it may not feel like a big deal right now, but that is still a big deal and should not be important.
I believe that crypto is something you should be holding, not trade all the time. I am not against trading at all, that is not what I am trying to say here, of course you could trade, I am just saying do not risk it all that much, be careful what you are doing in order to get more out of crypto as well.
There are very few truly good traders, and I think that statistics tell us the truth that only a small percentage of traders, maybe about 3-5%, trade with profit, and the majority lose money.I believe that crypto is something you should be holding, not trade all the time. I am not against trading at all, that is not what I am trying to say here, of course you could trade, I am just saying do not risk it all that much, be careful what you are doing in order to get more out of crypto as well.
But here it is worth clarifying that this most likely applies specifically to daily trading and possibly medium-term trading, because long-term trading has its advantages of making relatively fewer mistakes, and therefore the statistics will be better. I also notice a trend that more experienced traders are moving towards long-term trading, perhaps experience contributes to this decision.
Seeing any above the other is just about preference, what you stand for will determine which you are going to see as better than the other, but in the actual sense none is better than the other they are both good depending on what you intended to achieve from any, for those who has got a day job which literary takes almost all their time, they will not comfortably be day traders due to the fact that they wouldn't have enough time to stay on the chart but for those who do not have a day job, they can stay on the chart all day trading and WI will be able to make profit. But both of them can still stay profitable as traders regardless of their trading time.
Both day trading and hodling are profitable but it's safer hodling than it is trading and it's also profitable hodling especially when you have got a good capital with which you are holding so which ever suits your preference becomes your best option.
Safer to hold and that is why we likely hold way more than we trade. If you compare the time we hold, like even days we do not trade, you will see that majority of the crypto market just holds, and only a bit of them trades and even thy do not trade all the time. We should consider that as the most important part. I get that it may not feel like a big deal right now, but that is still a big deal and should not be important.Both day trading and hodling are profitable but it's safer hodling than it is trading and it's also profitable hodling especially when you have got a good capital with which you are holding so which ever suits your preference becomes your best option.
I believe that crypto is something you should be holding, not trade all the time. I am not against trading at all, that is not what I am trying to say here, of course you could trade, I am just saying do not risk it all that much, be careful what you are doing in order to get more out of crypto as well.
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
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 are not a rich person and you don't have any other source of income and you don't have any other job or any other source of income, you can do day trading, which of course requires you to have a broad understanding of trading.
But if you have businesses, not just one, you can invest in Bitcoin long-term; just wait for the right time to sell it, knowing that you will have a big profit in the end.
Some may find day trading as more of a get rich quick since they can easily make profits out from a day or two, although it’s more risky but those profits are always worth the risk. But I suggest if you are still working on your trading skill and strategies, don’t jump into day trading but prefer to start with long term trading first. Day trading requires more experience and expertise in the market, that’s why newbies or beginner traders should stay away from day trading.
However, long term hodling on one side is still profitable like trading. But this will only be possible if you are hodling the right coins worth investing, otherwise your time and effort might go into waste if you end up hodling the wrong coins.
However, long term hodling on one side is still profitable like trading. But this will only be possible if you are hodling the right coins worth investing, otherwise your time and effort might go into waste if you end up hodling the wrong coins.
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.
While they both have their pros and cons, they both come with a form of risk and they are meant to generate profit.
In day trading you can make a trade within a week, months or more so you don't need to watch the market every time, in long term trading you just need to hold your asset if you get satisfied with the profit you've got you can pull it out also you don't need to worry too much with the market volatility because your goal is to buy low and sell high. Also, it depends on your availability to make a trade, if you have more time you can make a daily trading but if not and just want to have a small portion investment every market dip go for a long term.
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.
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.
I think trying to make steady little profits every day sounds good in theory, but in reality pulling that off regularly is crazy hard. Markets bounce all over the place naturally, and if you try too hard for the daily wins, it's easy to end up overdoing the trades and making choices too fast without thinking them through enough which jus raises your risk and could totally cancel out any profits you were able to scrap together. Honestly, keeping the focus on longer term trends and basics might work better over time.
And when you talk about just waiting for the market to eventually earn back what you lost, that makes me think you've got more of a buy and hold mindset rather than being an active day trader type.
If you are faced with the question of what is better - intraday trading or hodl, then it is better to consider all options. There is trading within a day, trading within a week, a month. There is even trading within a year or a couple of years. There is investment with a long period of holding a position. And there is HODL. There is no clear definition of this concept, but in general, HODL is similar to investing. You hold your cryptocurrency or other asset class for the long term, wait patiently through any drawdowns, and hope to eventually make a paper profit someday. This paper profit can be translated into real profit when the asset is sold.
You should prefer the type of trading that best suits your character and worldview. You can make money in both cases, the main thing is not to commit violence against yourself.
Option which one best trading between day trading or long term trading not only depend on character some one with trading but also how financial supported or not, some trader make trading as main job and get profitable in short term or day trading because they don't have side or main job helped them to earn money every day or every month. Other side many trader supported with stable financial and have many source income will make them easily how to be long term trading without take care their financial condition. You should prefer the type of trading that best suits your character and worldview. You can make money in both cases, the main thing is not to commit violence against yourself.
For hodl seems get similar meaning with investing and I don't think many people have strong hand keep holding their assets for long term, looking with how much profitable and potential earn trough long term holding but not support yet with good financial its difficult choose for some one has decision for long term trading.
If you are faced with the question of what is better - intraday trading or hodl, then it is better to consider all options. There is trading within a day, trading within a week, a month. There is even trading within a year or a couple of years. There is investment with a long period of holding a position. And there is HODL. There is no clear definition of this concept, but in general, HODL is similar to investing. You hold your cryptocurrency or other asset class for the long term, wait patiently through any drawdowns, and hope to eventually make a paper profit someday. This paper profit can be translated into real profit when the asset is sold.
You should prefer the type of trading that best suits your character and worldview. You can make money in both cases, the main thing is not to commit violence against yourself.
You should prefer the type of trading that best suits your character and worldview. You can make money in both cases, the main thing is not to commit violence against yourself.
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
Seeing any above the other is just about preference, what you stand for will determine which you are going to see as better than the other, but in the actual sense none is better than the other they are both good depending on what you intended to achieve from any, for those who has got a day job which literary takes almost all their time, they will not comfortably be day traders due to the fact that they wouldn't have enough time to stay on the chart but for those who do not have a day job, they can stay on the chart all day trading and WI will be able to make profit. But both of them can still stay profitable as traders regardless of their trading time. 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 day trading and hodling are profitable but it's safer hodling than it is trading and it's also profitable hodling especially when you have got a good capital with which you are holding so which ever suits your preference becomes your best option.
You are just comparing day trading and investing OP. When asking which one is more profitable, well, the answer will depend on - the trader and investor itself.
But for me, I could say that day trading is quite making some good money as we can possibly earn some profit every day which if all accumulated and counted, can be a bigger amount to generate compared to the earnings we got from holding for a few months. But, this won't generalized as this just happens to traders that we can say are performing well, those so-called pro-traders. But if we choose to be safe at least, investing should be in our minds.
The issue with the question the OP brings is that depending on the skill level of the person in question the answer will change.But for me, I could say that day trading is quite making some good money as we can possibly earn some profit every day which if all accumulated and counted, can be a bigger amount to generate compared to the earnings we got from holding for a few months. But, this won't generalized as this just happens to traders that we can say are performing well, those so-called pro-traders. But if we choose to be safe at least, investing should be in our minds.
So if we were to compare the best possible performance by an expert trader and an expert investor, the trader will beat the investor every single time, however very few people can reach that level, and if we were to compare the performance of an average trader against an average investor, the investor should win this time around, and since most of us are probably average when it comes to our skills, this means that becoming an investor is a better choice for us.
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