Topic: Day trading or Long term - page 8. (Read 3717 times)

You are correct,it's just good to do the one that's best for you as you said,but to me,I would prefer long term trading Because of the risk involved in day trading,it just looks like gambling,where you put your money,and you aren't certain of the outcome of the result that will come.but holding does not make one's mind skip like that,if you have invested,you only need to exercise patience,and wait till the best time that it has yielded profit,and then you take your money,or it might just remain the way it was,so I just prefer this holding to the day trading.

Whether a trader will trade daily or he will trade in a long-term plan depends entirely on the trader. If that trader thinks that he can make a good amount of profit by trading every day, then trading every day is fine for him. If a trader is trading in a long-term plan, then it will be seen that there is no need to do so much analysis of the market like daily trading. Trading every day will not bring profit because here there can be both profit and loss, if one day there is profit then you can sell your coins on that day but if there is loss then you have to wait.  So do what feels good to you and there you will get success.

Yes of course and this is why trading is called an activity that requires all traders especially those beginners to always be willing to dedicate most of the time they have to always learn, but that does not mean that it can make you avoid the possibility of losing 100% but to increase your knowledge and experience as a basis for decision making, or something that will be useful to make us avoid the possibility of losing too significant amounts. And yes I agree that in this case it applies to short or long term planning, the point and the key is to always have a strong intention and determination to learn various things related to trading to broaden your horizons.

Of course, one of the reasons is because sometimes we often, especially me personally, when we have made a decision but it turns out that the market makes a rather strange movement, especially when trading in the short term, it can be because my analysis is wrong or because the market movement changes significantly in a short time, And of course if we have a lot of knowledge as a result of the learning we have done then we will be able to change direction or change decisions when we find these situations and this is something that is useful to make us more adaptable to the circumstances that occur in the market at that time, while if we do not have a lot of knowledge then surely we will stick to the previous decision in the sense that most likely the decision we take will miss.

Indeed, as you can use that expereienced and knowledge to avoid making wrong decision or a quick decision while you are anticipating possible market movements, it applies with both long and short term trades, as long as you understand and can handle whatever it is that's awaits your position, it can prevent your from making a wrong move then lose your investmetn.


Adjustments is a key player when it seems that the market is not doing good, always take that opportunities to learn and manage whatever is needed to adopt and make that possible changes in helping your investment.

There are people that are very good in day trading that will tell you they prefer to trade than hold because once a trade is locked in, it's there is already, there is nothing like unrealized profit but realize one which is no longer subjective to any market volatility. Also, there are people that will prefer long term buy and hold because that is what is convinient for them especially people that doesn't have time to sit 24/7 and trade everyday for small profits.

If I have a time to be a day trader, I will not just depend on that but do the two because of their unique characteristics, you can't 100% depend on day trading because it's not all days you will be able to make profits and the coin you are holding will still retain it's profits, riding the two is actually better and hedge against one another, who knows what will if day trading doesn't work out or maybe the your holdings didn't give you good profits or even collapse will sleeping. The two is the best method if you really have the time.

Yes, that's right, they do all this because they understand that no matter how much knowledge they have, whether it's to seek profits or to anticipate the possibility of significant losses, new things will always emerge in a market, they are real and that's why A trader will never be able to avoid various possible losses even though they are an experienced trader, but with the amount of experience and knowledge they have, it is clear that you will be able to avoid various possible significant losses that you don't want.

Dedicating yourself to always learning is the main key to remaining able to adapt to situations and conditions that occur in the market, execution must always be based on consideration and analysis and this will be easier to do or that means you will be able to produce decisions that are 80% correct when you always want to learn about new things.

Yes, I totally agree with your sentiment here, because in the few years I have been into trading, I have observed that if you aren't open to learning more things in the field of trading, you will definitely lack behind, and you wouldn't be as successful as someone that is open to learning new things.

Am saying this because their was a time in the past that I lost a trade that I expected to win, because the trade set-up was perfect, a bullish engulfing candle sticks forming a morning star candle sticks pattern, at a very strong support level, it was very clear to me that a reversal was right by the Conner, , I entered a long position from there, and my stop loss below the support, but the mistake I made was my stop loss was too tight, when the trade play out, I loss that trade, because it went below the support and activate my stop loss, and later reverse back up, to the direction I wanted it to go, I was very surprised and pained losing such good opportunity, I have to go back to the drawing board to find out what was the cause, that was when I saw that the too much tightness of my stop loss was the sole reason I lost that trade, so in essence why am saying this is that, in trading, as long as you knows what you are doing, it's very important to do your own finding anytime you lose a very good trading set-up, and also be open to learning new things.

Addition to that, experienced traders ain't stop learning new things as they understand that in this type of industry/business there's always new things that you need to anticipate, even you have your own good strategy, you always find yourself trying to improve it and make it workable with the demands inside the market.

Both long and short term trades have that changes from time to time, it's the timing and how you anticipate the trend, it's always the knowlege that gives extra advantage while dealing with your position and how you will execute your trades.

From the general point of view, long-term trading is more profitable and less stressful because one trade can run for a week and a couple of weeks before it will actually hit target, whereas in day trading, the profit target is usually within that day, and you have to analyze the market each an everyday you trade, to me I'm a day trader and my reason being that I'm not this patient to wait on trades that run for weeks, before it will hit TP ,and most of the time, market usually cone back and take me out.

Therefore, the more knowledge and experience you have, you will also have the spirit of many ways to make profits and also ways to minimize the possibility of losses that are too significant, an experienced trader has a lot of knowledge and they also already know and experience various situations and conditions which means that most likely they will be more adaptable to the situation, they are not not worried about the possibility of loss but certainly they already have a strong mental and psychological so it is less likely for them to experience doubts and worries that are too significant which is because they already have a lot of experience and already know that excessive worry can interfere with them in every time analyzing the market, and maybe I will say that mental and psychological is something that is not taught by others, or the point is that a trader must learn it himself because everyone has a different personality and also has a different response when facing a situation.

Hmm, that true mate!
The risk is higher in day trade and, above all in high leverage, which has much more risk as compared to HODL. Day trading is really a big risk for a person who has not been highly affiliated. It will be better for him to do long term holding because in HODL you don't need much effort; just set your targets through a plan and buy and put it in your wallet. In derivative trading, you have to analyze everything i.e., from a technical/fundamental perspective besides market sentiment, dynamics, etc. So by looking at all these points, you will know how much effort is really needed for trading as compared to HODL. 
 
So you are right that if someone is not 100% sure about trading, he can pick HODL which is easier and less risky than trading.

Indeed, though in a the long run if you manage to practice your strategy from time to time it will develop a good resistance inside you, most of the time your decision making will be base from the analysis that you conduct and not by emotion that keeps pushing you to do something, most of those experienced traders use their knowledge and understanding though not eveytime they can resist their feelings but for some who can, they've got an edge against those other traders who still being controlled by their emotions, it's a matter of how good you are in following your set limitation and how you will perform your design strategy to avoid wrong decision making.

Yes, it is true and also certainly there will be a lot of pressure and tension that will be felt by a trader because obviously all traders come with the intention and purpose to earn which means that there will certainly be concerns related to possible losses, and as we know that decision making in every running session must be based on a calm mind so that we can think and consider everything rationally while on the other hand not all the time you will be able to be in a good mental and psychological situation especially if you have just experienced a loss which is often unconsciously a trader makes decisions carelessly and this can trigger the possibility of greater risk. And the fact is that not everyone can survive for a long time to continue to be in front of the monitor screen because various things can affect our thinking and and of course there will always be times for us to lose focus when analyzing the market due to too long in front of the monitor. Not that it can't be done but it is very difficult to balance.

They can both be used for profit, just in the long term, because while we wait, we still have expenses to face every day of our lives. We can't just wait since we are only humans and our bodies have physical needs.

That's why day trading comes in; we can also get profit every day, but we must have knowledge of trading, because if we don't have anything to learn while we wait for the long term, that's why it's better to have another source of income before we enter this field of crypto space.

Yes, the risk is more with trading on a daily basis than being a holder and a long term investor. Of course we do know what's best for us, for me, I'm not good at both of it and that's why I choose to hold and stick to my plan of long term. But I know that there are a lot of people here that are good at both of it, good in day trading and they're also distributing their money to their long term plans. That's why those that can do it are very talented people and knows how to weigh and take risks properly.

You are very correct mate,the target is to make profit and nothing else.But having a comparison of the both,you see that one is more risky while the other one is less risky.People tend to follow that one that has low risk than following the one that has high risk.But those people who have the mind of day trading, sometimes when profit comes in for them,you will be shocked about the amount they can gain,and this gain,if you were to follow the long term trading,you won't be able to have it in a long period of time,but somebody have had it just for a day,so that's the difference.

Long or short term, yes, they have the same goal, namely to make a profit, both approaches and plans will always look tempting, especially when we focus on the goal of profit, but the point is, as you said, if we are able and understand everything thoroughly and are aware regarding the risks that you are likely to experience along with the potential profits, then no one will forbid you from trading using daily or short-term methods, but make sure that you take these decisions based on careful considerations that are carried out rationally, because trading Daily is a method that can really drain energy and thoughts and is also vulnerable to making a trader experience emotions which can lead to various impulsive actions, but if you already know and understand this, you also know what you should do in every possible condition. If you will face it then there is nothing wrong with your decision, the point is to remain careful and prioritize the various preventive measures that you have prepared.

That's right, whatever crypto and which pairs you're comfortable doing your trades. Whether you day trade or for the long term, we all want to end up with profits. So, whichever works for you perfectly then just do it and you don't have to be mindful of it. Everyone's goal is to make a profit and you should do that for that's the main reason why everyone is aiming to day trade and invest. But again, if you find yourself to be not good at any of it, you can always restrategize.

Very risky but if you already understand both the risk and the potential and you think that you can handle it then day trading might work, like what you said what works for might be different from what will be for others, it's just how you execute your strategy and how you fit your emotions with your chosen path, both have that oppotunities to earn depending from how you set up your position and your targets to make it profitable for you.

The truth is that, everyone in their field would tell you that, theirs is the best especially if they’re doing well in it.
I’ve always told people to seek for what works for them because the primary purpose and goal is to make profit and irrespective of whatever way you choose to milk the platform, it is always advisable that we’re making profits.

I think personally that, the day trading is a very risky one but also a very lucrative one if well analyzed but for people who already have a lot of money and then wishes to dump or invest in cryptocurrency, then the long terms will definitely be very profitable for them.

In conclusion, whatever area of cryptocurrency you find yourself, it is always advisable that you’re making profit.