Topic: Day trading or Long term - page 7. (Read 3728 times)

As you said both has different technique and profit. Its almost same that both has risky way of earning but if you so hurry you have to go with day trading. If you choose day trading you need much and more fund to increase your profit and as you mention you need to more skillful and need more patients and find many ways how to gain from on short period of time. However its also more profitable if you can choose right project and buy crypto that's how you can earn huge in future. You need remind that both are risky you must have proper knowledge before invest any kind of trading or buying.

When trading, of course we have to be able to control our emotions because without being able to control ourselves it will certainly be difficult for us to be able to make the right decisions in trading and be profitable and there are many things we have to pay attention to in order to get profits in the short term, but if you choose to trade In the long term, of course you have to have sufficient funds that you can maintain for a certain period of time to be able to make a profit because it is very impossible to survive in the long term if we don't have patience and also funds that we can maintain for a long period of time.

Trading is not  easy to Eran the money. Frist we know about the training knowledge. Then easy to handle the trading. Timing and prices is important for the trading process. So time to buy and sell.

Investment has its own potential so that it cannot always be called a trade even though the aim is also to make a profit, because investment only requires some basic knowledge and does not necessarily require more experience to carry it out. However, for daily trading that you want to continue doing every day for an uncertain duration, it is clear that you really need experience and knowledge so that you can continue to be trained in controlling everything, including emotions and greed, when you want to make a decision to buy anything on the market. This means that investing and trading should not be considered the same, especially if the target time itself is very different and the strategy is not always the same.

I don't think, they are the same in the crypto community because they provide different income that is making traders to always prefer long term trading than day trading base on the huge amount of income that involved in long term trading. No matter the knowledge you have in crypto trading, once you make day trading your choice, it will be difficult for you to make income like those that are into long term trading, because they use to hold their crypto for long term before they can think of releasing them to market to trade to make a passive income. If they purchase crypto the same time, it will be difficult for them to release their crypto the same day, because that is what differentiate between day trading and long term trading.

Short-term trading requires a lot of effort so that we can control our emotions so that we don't make the wrong choice so that it doesn't harm us, for short-term trading we have to really focus and monitor the charts at all times so that we know when the price starts to rise, that's where we sell. If you get a profit, even if it's not much, when we choose to maintain, we must be prepared for all the risks we accept.

If we trade long term, the thing we have to take is to choose coins that are really good so that we don't suffer losses later, and we have to take the safe route by buying coins for a long period of time, we have to use capital from our savings, not from borrowing, because In the long term it will not necessarily be profitable, when the price starts to fall then we have to patiently wait for the coin to rise before we can buy it, by using our own savings we have taken a path that is not risky.

Choosing the wrong asset is about long-term trading, but for day trading it does not matter much because for this only local movements within a few minutes or hours are important. And long-term trading is somewhat similar to investing, where the asset is of great importance so that we are confident in it. I like medium-term trading, so as not to rush to exit too much in case of a not very good entry, but at the same time I don’t like to stay in a trade for a long time.

Trading risk is not only determined by the time period that the trader determines. it must also be adjusted to the planning in choosing the assets to be traded or invested.
not all coin characters on the market are the same. when you analyze each coin you will see different things for each coin. and from there you can plan that the assets you choose will be more appropriate for the long term or for trading.
All assets can be traded, but to get maximum profits, planning to choose the right asset is very important. Let's just say you choose the wrong asset for the long term, then you won't get anything. trading and investing has its own risks, and what we need to do is use the right approach to analysis.

I’m sorry to say but I don’t think I agree with you on the fact that, one must be an experienced trader before profiting from day trading and just as I’ve always said about my experience as a day trader trading synthetic indices and I will have to repeat it here that, you don’t need to be totally experienced before you can make a profit a day because I’ve made over $2300 if I’m not wrong from trading synthetic indices as a total beginner and I think that’s still very possible with anyone but such a person should be aware of the risk involved and be willing to bear it.

Not every experienced day trader can actually control emotions as there might and would be days when emotions can’t be controlled and such a trader might likely fall into the temptation of chasing their losses unintentionally and that’s why day trading isn’t for the weak.

Long term holding is actually the best and more less risky one but that’s mostly possible for those who have the capacity to hold for longer period .

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.

Long-term and short-term trading are not about affordability in my opinion but it's about how much knowledge and understanding one has about the market and the cryptocurrencies they are willing to trade. People prefer meme coins and newly launched altcoins these days because they have heard that they tend to provide high profits in a short period but they ignore the risks involved with these investments either because they lack knowledge or don't want to acknowledge it even when they know.

Such are the traders or investors who are later found crying and cursing the market and the cryptocurrencies for making them lose money without realizing that it's their fault since they started making investments without doing any research or understanding everything beforehand.

Don’t be scared to call day trading a form of gambling to an extent.
Practically, day trading without proper analysis is total gambling and there is no need arguing that as you might just be messing with luck and I’m saying this from a practical standpoint of view because I could remember vividly well, when I was trading synthetic indices on Deriv and I was able to make a profit of $2300 in less than 48 hours with a $100 trading capital but I only ended up withdrawing just $300 and lost the rest of the $2000 in less than 24 hours and meh, I learnt a whole of things from that singular experience that’s why when I came into the forum, I wasn’t strange to the things of trading as I’ve already made reason profits and Laos had my fair share of the losses as well.

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.

If you are too lazy to study trading here in cryptocurrency, long-term trade is for you, but if you are the type of trader who wants to make money every day, you should enter short-term trading, that's why you need to know something. you in trading because you can't know nothing, as in understand something in trading like reading the chart or graph.

In addition to what I mentioned, there must be someone who knows how to use indicators in trading because you can't use those indicators without knowing anything, because you can't be called a trader if you don't know anything about those tools.

I agree with that last statement, trading daily is not a guarantee that you will always find that winning position, there's chance that you might lose your position and lose your capital, I guess there are differences from how traders works with their own assessments and analysis, they have different point of views in terms of choosing which directions they wanted to follow.

They all have their own research and studies that will help them in deciding which projects and what position and trading strategy that they will follow.

Lol...let me say you are making some points but there are still some faults in them. First, many indeed say that "the higher the risk, the more profits," but this is not true in the context you used it. It is only true if you use it in an investment/trading quantity/risk and not in the approach to make the investment/trading work(strategy). For instance, if you risk $1000 in trade, you will make 10 times more than the person who invested $100 under the same conditions. But in strategy/approach as it is used in this context, it is not necessarily true because there are factors that will not allow that to happen, one of them is the expertise of the trader/investor (good or bad). So either day trading or long-term trading, any of the traders who opted for either of them could have varied results depending on how good or bad they are in trading/investing by using the strategies.

Also, the issue of "garbage in, garbage out" is not particularly true as well because the statement is an idiom to qualify the end profits in relation to inputs and outputs. They are rather pointing to the "quality" and not "quantity," so success in trading cannot invariably depend on the amount of capital we have, and even though it is part of the factors here, professionalism is a huge factor as well.

I hope you get it?

I think in conclusion, it wouldn’t be bad to say that, the higher the risk, the more profits you’re to expect and since we all now agree that Regardless of whatever form of trading you choose to take, be it long term trading or short term trading, at the end  we should have the conscience of making profit and I also agree that, trading works on the principles of garbage in, garbage out which simply means that, your profit amount is dependent on how much trading capital you have.



I think i have to disagree with you on this very one, because I actually don’t know the bases on which are you saying this but I disagree with you because I’m certain that day traders are actually very profitable regardless of all the risk involved.
I’m not trying to take sides but frankly speaking, a think  day trading with proper analysis  can even be more profitable than long term holding (no comparison please, just my wide thoughts )

Above all, it is good to know what you are doing in trading, whether short-term or long-term trading, the two are good and they have to be selected based on our kind of person and the time we have for trading as well. For instance, if you are a busy person, why go for day trading? It is better to have the analysis just once a day and leave it be till the next day, that is the beauty of long-term trading, it will not affect other things you are doing. Although day trading seems more promising when it comes to the huge money that people are talking about, it also comes with its high risks, and it doesn't necessarily mean that a successful day trader will be better successful than a long-term trader, it only depends on how good the two class of traders are good in their games.

All that matters is for the trader to be good with it and make sure that he only follows the trend of the market or the long-term swing pattern. As for the day trading, I love it as well, this is because it is such a trading style that gets me more engaged. I can manoeuvre my way in the market pretty fast to open a long position and close it pretty fast upon danger detection to avoid much loss. Factually, I've built a day trading strategy that will make me loss a little and thereby maximize my earnings (proper risk-to-reward ratio), and that can only mean a very good "risk management" and a huge profit in the end.

Each have their benefits but day traders need to constantly monitor the market, which is hard for most people. I used Automated Trading with human supervision and its working quite well for me.

i thinks day trading is more then risky of long term trading...