Day Trading or Long-term Hodl? - page 25.

meliodas

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Quote from: michellee on October 19, 2019, 05:19:16 AM

Quote from: wildan88 on October 18, 2019, 10:31:41 PM

it's a fact, the most important thing is mental and emotionality. before I'm always bad at managing it. but I can learn from experience and when the bear market, I am not greedy and only take 5-10%, because fluctuations are quite risky, with my experience having lost 80% Cry

As long as we can make a profit, it's not a problem. No matter how big our profit, if we can survive and accept the profit, it will better than nothing. In the bear market, it is hard to do day trading because our coins will not be a potential coin because that coin will follow wherever bitcoin goes. And if that is the case, we need to change the strategy to long term hold, and we need to wait for the coin to be back to the high price so we can continue to do day trading.

In overall, it all depends on the movement of the market. You are right that it is impossible to do day trading when the market is going down because even though you can buy at support and sell at resistance, it is still a high risk type of trading. Before you try something, you should look at it a bigger picture and think about the possible scenarios that might happen and after those process of evaluation, that is when you are going to decide if what suits you the most based on your risk appetite.

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Quote from: wildan88 on October 18, 2019, 10:31:41 PM

it's a fact, the most important thing is mental and emotionality. before I'm always bad at managing it. but I can learn from experience and when the bear market, I am not greedy and only take 5-10%, because fluctuations are quite risky, with my experience having lost 80% Cry

As long as we can make a profit, it's not a problem. No matter how big our profit, if we can survive and accept the profit, it will better than nothing. In the bear market, it is hard to do day trading because our coins will not be a potential coin because that coin will follow wherever bitcoin goes. And if that is the case, we need to change the strategy to long term hold, and we need to wait for the coin to be back to the high price so we can continue to do day trading.

Bitfling

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Quote from: pamsugas on October 18, 2019, 11:58:06 PM

daily trading is not easy, there are many daily traders that I follow on their channels, they are no longer active because the predictions they made are mostly wrong. I am very sad to hear your experience, I suggest you should just invest in litcoin, bitcoin and xrp coins that have been proven for years to be very profitable if invested.

Yes, daily trading is not easy because crypto price movements are difficult to guess. It may be profitable trading but it also carries a high level of risk and therefore trading skills are needed to make a profit. Likewise Long term, not all coins or tokens are worth keeping in the long run because many new projects may be better and prospective

BChydro

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Quote from: pamsugas on October 18, 2019, 11:58:06 PM

daily trading is not easy, there are many daily traders that I follow on their channels, they are no longer active because the predictions they made are mostly wrong. I am very sad to hear your experience, I suggest you should just invest in litcoin, bitcoin and xrp coins that have been proven for years to be very profitable if invested.

Day trading is possible but you cannot expect to have a profit on a daily basis and it all depend upon the market situation, if you are good in predicting the price accurately then leverage trading would be the best option but if you are expecting others to give you the prediction then you will not find any accurate prediction from anyone Tongue

. Bitcoin is profitable but the rest of the coins i am not interested to invest as the risk is higher.

pamsugas

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daily trading is not easy, there are many daily traders that I follow on their channels, they are no longer active because the predictions they made are mostly wrong. I am very sad to hear your experience, I suggest you should just invest in litcoin, bitcoin and xrp coins that have been proven for years to be very profitable if invested.

BennyK

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Day trading and HODLing for Long term are all good avenues for making profit in crypto. One can maximize the profit making ability from each of these avenues by first mastering the principles guiding them. Day trading has its own strategies to adopt and it requires the trader to stay glued to the PC, monitoring the market trend 24/7 in order know at which price to buy more and at which price to sell to make the profit for the day. Long term holders also read into the project, know its capabilities and invest and wait patiently for the project to reach its full potentials before withdrawing for profit.

Jimitieu

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Quote from: bobelr on October 17, 2019, 08:24:45 AM

Before now, I have always been getting it wrong about cryptocurrency. A friend recently opened my eyes to see how I could have increase little coins I have to fortune overtime by day-trading. But I am no that type. I had always thought I could only make fortune in crypto by hodling a certain coin for long.

13 months ago, I bought SNTR worth about $100 hoping that in few months I'll wallow in milliions of dollars like Ian Balina , but the reverse is often the case in the subsequent ones I bought. Sad fact, $100 worth of SNTR 13 months ago now less than $2.

Recently, I watched several videos of how to analyse a coin or token to invest in, gained some good knowledge of the basics. I discovered day-trading tokens like DX token and Atomic wallet (AWC) could have actually make me what I hope to be If i had the right information. But its never too late. Yet, I am drowned in mentality that hodling for long can only be the fortune I hope for. Reason I need help.

yeah I've held my tokens for a long time to expect their value to go up. But in fact very few people can wait long enough for their currencies to appreciate. So I think investing by day will bring you more profit. This will help you be able to do more with your capital instead of burying them in one place and just hoping and not doing anything.

wildan88

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Quote from: xiboothrezi on October 18, 2019, 12:35:18 AM

snip--

Quote from: wildan88 on October 17, 2019, 08:32:07 PM

snip---
it all depends on capital, if we have a big capital, of course, we can get a big profits on daily trading. but for me, daily trading is very good for those who have no passive income, and I do that every day.

besides that day trading also depends on the ability to analyze market movements. Proper timing for managing buy and sell positions is the key. Besides mental and emotionality must also be managed properly, not to be greedy.

it's a fact, the most important thing is mental and emotionality. before I'm always bad at managing it. but I can learn from experience and when the bear market, I am not greedy and only take 5-10%, because fluctuations are quite risky, with my experience having lost 80% Cry

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Quote from: 19Nov16 on October 18, 2019, 07:18:43 PM

For me long term hold is a better strategy than dayy trading, of course not all coins or tokens can be used for a long-term investment, competition is too tight to make a lot of coins die so I only focus on the top 25.

Investing for the long term might be suitable for coins that are in the top 10 but may not be suitable for coins that are above the rank 200. As for trading, in my opinion it is profitable as long as we understand the price movements in the market

19Nov16

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For me long term hold is a better strategy than dayy trading, of course not all coins or tokens can be used for a long-term investment, competition is too tight to make a lot of coins die so I only focus on the top 25.

Pinkris128

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Quote from: bobelr on October 17, 2019, 08:24:45 AM

Before now, I have always been getting it wrong about cryptocurrency. A friend recently opened my eyes to see how I could have increase little coins I have to fortune overtime by day-trading. But I am no that type. I had always thought I could only make fortune in crypto by hodling a certain coin for long.

13 months ago, I bought SNTR worth about $100 hoping that in few months I'll wallow in milliions of dollars like Ian Balina , but the reverse is often the case in the subsequent ones I bought. Sad fact, $100 worth of SNTR 13 months ago now less than $2.

Recently, I watched several videos of how to analyse a coin or token to invest in, gained some good knowledge of the basics. I discovered day-trading tokens like DX token and Atomic wallet (AWC) could have actually make me what I hope to be If i had the right information. But its never too late. Yet, I am drowned in mentality that hodling for long can only be the fortune I hope for. Reason I need help.

Aside from the price of the coin, one must also consider the trading volume of the cryptocurrency. Both short term trades and long term investments have risks. Only the period of investment is their difference in general aspect. Long term could earn more only when the coin has constant and solid stand in the market. Short term trades could be best applied to te coins that have dynamic and chaotic position in the market. Both are difficult to determine accurately and will all depend on the investor.

Pet240

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Both require some forms of expertise, although, day trading is much tougher. If you can successfully day trade, you might also be able to invest for long term, excerpt you decide not to.
Long term trading is more effective with a project that has good product and a working team.

yulionoo

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doing daily trading or long-term investment in my opinion depends on the coins we choose. there are some coins whose increase takes a long time like bitcoin. I always use bitcoin for a long term investment. and usually use altcoin for short-term investments. but unfortunately now the altcoin market is weak there is no increase. so now I prefer to make a long-term investment hodl.

Rufsilf

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Quote from: bobelr on October 18, 2019, 07:07:15 AM

Quote from: shadowdio on October 17, 2019, 09:56:58 AM

SNTR is now very cheap, you really lost your money, but still quite active in the hobit exchange. Anyway you bought SNTR in the last year so it was bear market then it was not good to hold. Well if you buy ethereum or binance coin this time and hold for long term, I'm sure you can make profit.

Hahaa I would have made far much loss if i had bought either ETH or BTC last year and hold cos it fell so bad. ETH fell from over $1k to around $83 this year before it rose again. The volatility is crazy.

We can't blame the market turn as that and nobody wants it. The huge dump happens after a 2017 bull run is really disappointing, but what I could see is that you are in wrong timing when you buy BTC and ETH, you've likely been fooled by such bull cause you think that it will continue to rise. A lot of people were like you suffering a big loss, some of them quit but some still positive towards crypto.
May this volatility really crazy but many love and live it cause that it makes the market alive.

Shasha80

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Everyone has their own opinions, so if the question is which is better, day trading or long-term hold? I will answer according
to my ability, in my opinion long-term hold is more promising to make a profit. Because day trading day is more at risk of loss.
Day trading also has very good analytical skills in reading the market, meanwhile Long-term hold is easier for anyone to do.
No need to have skills for long-term hold, just hold in time a few years of coins that have good potential such as BTC and ETH,
the profit then flows by itself.

KnightElite

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trading is not for everyone. If you will ask me about what is better between day trading and long term trading, my answer will be depends on traders skills. I'm a trader and I do not have enough patience to wait so short term trading is better with me.

seleme

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Quote from: gaston castano on October 18, 2019, 05:05:31 AM

if you want to save coins for the long term then the main thing is to buy bitcoin, and don't buy a familiar alt, haven't you tried it and your investment dropped by 98% in value.
so I suggest you buy btc and altxokn top ranks, it might develop a long time but it will provide security for your investment.
and if you want to get short profits try some IEO from binance

Hunting for the profit from IEO is risky concerning my investment knowledge but buying the top altcoin will not leave the investors upset if the bullrun comes in the next years. Staying in the moment costs more than doing nothing and I understood after all these years. Suffering from losses is the emotional problem and controlling yourself can give continuous positive results for the long term hodlers. Anyway, keeping balance is the best in my opinion.

Pelunize12

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Quote from: taufik123 on October 18, 2019, 12:41:21 PM

If you just want to get quick profits with your current mode, you better do day trading. I myself prefer day trading with small profits but often, my principle is HIT and RUN for now, because of the very bad market conditions. But if you want to trade Long term, choose a coin that is good for Long like DOGE, but you have to be right when you buy, wait for the lowest price, read information so you know the current market conditions and the last to use Technical Analysis

crypto has high volality so if we just take small profit wont get good reward risk ratio
even if we have more winning ratio, but if not have good reward risk ratio will be useless, we will lose in trading
that's why i prefer to have good RR rather than winning ratio

Anonymous100

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Quote from: bobelr on October 17, 2019, 08:24:45 AM

Before now, I have always been getting it wrong about cryptocurrency. A friend recently opened my eyes to see how I could have increase little coins I have to fortune overtime by day-trading. But I am no that type. I had always thought I could only make fortune in crypto by hodling a certain coin for long.

13 months ago, I bought SNTR worth about $100 hoping that in few months I'll wallow in milliions of dollars like Ian Balina , but the reverse is often the case in the subsequent ones I bought. Sad fact, $100 worth of SNTR 13 months ago now less than $2.

Recently, I watched several videos of how to analyse a coin or token to invest in, gained some good knowledge of the basics. I discovered day-trading tokens like DX token and Atomic wallet (AWC) could have actually make me what I hope to be If i had the right information. But its never too late. Yet, I am drowned in mentality that hodling for long can only be the fortune I hope for. Reason I need help.

But AWC tokens are very good. Fairly stable prices. Increasing the number of Atomic Wallet users will also affect AWC prices. I have studied for a long time, since the bounty was launched. But for now I only hold a small amount, because they run out of capital.

Patrix_1

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Based on my experience and awful trading skills, I prefer to hold crypto for a longer period of time instead of wasting my money in trading. In my opinion, you should earn how to trade, before getting your hands on it first.

Topic: Day Trading or Long-term Hodl? - page 25. (Read 5315 times)