in case of my personal, day trading is more fruitful so far from holding btw beside daytrading i have focused on holding btc,eth these are gem and also i am hold long term a few different altcoins which are hidden gem. day trading can be pay something big if your capital is large and your entrance will right movement in market.
Topic: Daytrading vs Holding - page 6. (Read 3441 times)
Trading is best i will recommend trade over holding. I ruined my entire summer and made me super depressed. I was UP about $50,000 within 2 months of buying in. I not sold and Now I'm DOWN $70,000 from where I started. I'm still holding on. So in the long run it's taught me to develope diamonds hands.
Daytrading gives you the impression of earning money daily but it is not so! Dytrading is difficult and it could be fatal as well! Imaging losing your capital just because of human error or mistake on your part! I think holding is even more profitable in the long run than daily trading profit ( if there is any profit at all daily)
It is true that day trading is more difficult and now you need to pay taxes and fees and as such the profits are not as good as it may seem at first sight, but a good trader must be able to perform better than what the market can give them otherwise there is no point in trading so while your point make sense it is only true for those that are unable to master day trading, for those that can do so it is better for them to keep trading as they can obtain more profits than if they just held their coins.With hodling the risk is low when we do the right investment on the right asset at the right time. If we use the opportunity to buy at its low bottom then it'll get us better profit than just profit. Always good to hodl and get into trading periodically to increase the holding sum.
Daytrading gives you the impression of earning money daily but it is not so! Dytrading is difficult and it could be fatal as well! Imaging losing your capital just because of human error or mistake on your part! I think holding is even more profitable in the long run than daily trading profit ( if there is any profit at all daily)
It is true that day trading is more difficult and now you need to pay taxes and fees and as such the profits are not as good as it may seem at first sight, but a good trader must be able to perform better than what the market can give them otherwise there is no point in trading so while your point make sense it is only true for those that are unable to master day trading, for those that can do so it is better for them to keep trading as they can obtain more profits than if they just held their coins.Holding is something thats an option for those who are not really sure on dealing with the market but for those who do like to deal with volatility then they are the ones who do really take risk on
dealing with it and make profits in short term duration.
Execution is different but it do share up the same goal which is to make profits but duration would really be different.
Daytrading gives you the impression of earning money daily but it is not so! Dytrading is difficult and it could be fatal as well! Imaging losing your capital just because of human error or mistake on your part! I think holding is even more profitable in the long run than daily trading profit ( if there is any profit at all daily)
It is true that day trading is more difficult and now you need to pay taxes and fees and as such the profits are not as good as it may seem at first sight, but a good trader must be able to perform better than what the market can give them otherwise there is no point in trading so while your point make sense it is only true for those that are unable to master day trading, for those that can do so it is better for them to keep trading as they can obtain more profits than if they just held their coins.
Holding is very applicable to people with no time to research or time to learn trading. Simply buy and HODL. But for me, You can maximize your holdings if you know how to sell at ATH and hedge it with USDT. When the coin bottoms, simply buy when the price goes up again you made a profit.
Okay so people keep saying holding is more important and things like its better because if you hold, you pay less in taxes because of long term capital gains as oppose to short term which makes sense.
However, what if the crypto or stock increases like 50% or even double in a few days time or weeks time etc? Yea so you are paying a lot in taxes if you trade... but if you wait for a year or longer, now you could have no gains or just 5% gain. Whereas you trade for a few days and make 50%... sure you pay a lot in short term capital gains... but if after a year, the gain is only 5%, well you made more trading than holding.
Thoughts on this for trading whether crypto or stocks? Doesn't it make a ton of sense to daytrade crypto since you could make a lot in roi where even if you daytrade, well paying the taxes in short term gains would earn you lot more money than holding it long term when the gains could be completely gone by then? Or if there are gains, well you might get just a 5% gain and long term and pay long term capital gains... but if its short term and 50% or even double that... well the amount you keep after taxes is much more than that 5% long term gain? Of course ideal situation is big percentage gain and long term gain but of course that is hard.
However, what if the crypto or stock increases like 50% or even double in a few days time or weeks time etc? Yea so you are paying a lot in taxes if you trade... but if you wait for a year or longer, now you could have no gains or just 5% gain. Whereas you trade for a few days and make 50%... sure you pay a lot in short term capital gains... but if after a year, the gain is only 5%, well you made more trading than holding.
Thoughts on this for trading whether crypto or stocks? Doesn't it make a ton of sense to daytrade crypto since you could make a lot in roi where even if you daytrade, well paying the taxes in short term gains would earn you lot more money than holding it long term when the gains could be completely gone by then? Or if there are gains, well you might get just a 5% gain and long term and pay long term capital gains... but if its short term and 50% or even double that... well the amount you keep after taxes is much more than that 5% long term gain? Of course ideal situation is big percentage gain and long term gain but of course that is hard.
The way the chart looks, I will not sell any holding positions atm. BtcUsd could be around 53k soon again, IF it breaks that current resistance around 48.900 . If price closes below 45.100 on the daily Chart, I will consider scaling out a little to then buy the next dip. So Basically I am holding and trading on the daily. this had the best results with the least amount of time spent on the charts so far.
Yeah, the market is looking encouraging and the chances of it recovering to a full (or even a half swing) bull run is possible.
There isn't any major news on what causes the price rises we have seen lately and my speculation is that regular investors are testing the waters - an interesting act in itself if this really is the case!!!
hahaha maybe Papa Elon only wants us to think its encouraging so he can sell us his BTCs again
I used to trade in Binance. But now I shift to NFT games, I dont play swing trading anymore. I just buy cryptos, and HODL , SELL from the top then rebuying at the bottom or investing to a new promising new crypto project.
Thats a wise decision, I also play NFT games but im careful on the project that I follow because even they're on trend not all of them will give profit and can turn to scam.Anyway I also prefer to hold for long term, for me its less hassle since I dont need to monitor the market often. Day trading and holding are both profitable but it depends on us which is more convenient and we can earn without having pressure.
I used to trade in Binance. But now I shift to NFT games, I dont play swing trading anymore. I just buy cryptos, and HODL , SELL from the top then rebuying at the bottom or investing to a new promising new crypto project.
I prefer day trading for most of traders because whenever you don't have big capital then it is better for you because it can give you profit for your daily circumstances and in day trading their is a less chance of getting profit while in long term or holding there is a great chance of getting more profit. So, it's all depend upon the trader.
If you can grow that little capital when you day trade. I'm not doubting anyone but I've seen it not only through myself but also with some experiences that was shared about it. That's not an easy deal to make and if you're goal is to make that capital grow.It takes time just like holding but what's good with that is you're also learning the market. There is also an addition to it that your profits must be held for safety and additional investment.
I also believe we are still considered as early investors, our biggest opportunity to make more profit is by investing in altcoins as we can still find a gem that would pump x100 or more than investing in bitcoin which will not likely hit x100 in the future. however, understanding the risk should be done first, the reward is high, hence the risk is high as well, so if you invest in the long term, make sure you know how to diversify your funds and always put the biggest percentage of your portfolio to bitcoin.
Well that is a high-yield investment option for risk-takers, --but it does not mean this will end up always a profit, there is also a chance that instead of profit it will turn into a massive loss if you don't have proper research in looking altcoins to invest. Bitcoin investment is still the best coin for me that gives a totally ROI even we will not see the x100 profit. Day trading for me is very risky and it could be there is a chance that 50% of your capital will be lost somewhere else if you don't know how this day trading works where as the investment is a risk-free if you don't invest shitcoin. Okay so people keep saying holding is more important...
I'd say they are both important, it just depends on how you look at it.
If it's possible for you that is if you can do the both (day trade some percent of your holding) and you are confident enough in your skills that you can get good results from day trading, it is the best thing to do.
But if you are not confident and still an early trader, please BUY & HODL.
I also believe we are still considered as early investors, our biggest opportunity to make more profit is by investing in altcoins as we can still find a gem that would pump x100 or more than investing in bitcoin which will not likely hit x100 in the future. however, understanding the risk should be done first, the reward is high, hence the risk is high as well, so if you invest in the long term, make sure you know how to diversify your funds and always put the biggest percentage of your portfolio to bitcoin.
Okay so people keep saying holding is more important...
I'd say they are both important, it just depends on how you look at it.
If it's possible for you that is if you can do the both (day trade some percent of your holding) and you are confident enough in your skills that you can get good results from day trading, it is the best thing to do.
But if you are not confident and still an early trader, please BUY & HODL.
Imaging losing your capital just because of human error or mistake on your part!
Yeah, that must be really frustrating. Your words are exactly depicting the situations of most traders; like most traders are having good preparation still they are unable to make profits due to few silly mistakes (or at least it seems so) but market is too good to make profits.I had lots of bitter experiences while day trading crypto and forex but after I started holding cryptos, I started recovering my losses. It means day trading provided me only negative results whereas holding alone provided me different results. Any trader may start day trading with small capital and then may switch over to holding to get different results.
Experimenting and finding what strategy will fits to your attitude will give you higher chances of surviving and succeeding from this industry, shorting the market is difficult as there are many twist and it can be burned your investment in a much shorter time frame, unlike with holding where you got your target and you will wait till it reached and hit to close your position.
Knowing and understanding what is best for your trade is very important. It will increase the chance of working with the right system that will lead you to succeed.
The way the chart looks, I will not sell any holding positions atm. BtcUsd could be around 53k soon again, IF it breaks that current resistance around 48.900 . If price closes below 45.100 on the daily Chart, I will consider scaling out a little to then buy the next dip. So Basically I am holding and trading on the daily. this had the best results with the least amount of time spent on the charts so far.
Yeah, the market is looking encouraging and the chances of it recovering to a full (or even a half swing) bull run is possible.
There isn't any major news on what causes the price rises we have seen lately and my speculation is that regular investors are testing the waters - an interesting act in itself if this really is the case!!!
Day trading and holding each has some different features and benefits. In the case of day trading, according to market analysis, you can consistently gain or lose. In this case, your total assets are repeatedly invested and there is a profit or loss. If you are a skilled and experienced trader, you can make more profit in day trading. Holding, on the other hand, can usually be based on two things. If you are not experienced in the market and are not able to make a profit through trading, it would be better to buy at the right place and hold for you. On the other hand, after investing in a potential cryptocurrency, if it goes downhill, profits can be made by holding on to it without leaving it at a loss. It can therefore be said that the efficiency and market review considers day trading and holding are both advantageous.
I prefer day trading for most of traders because whenever you don't have big capital then it is better for you because it can give you profit for your daily circumstances and in day trading their is a less chance of getting profit while in long term or holding there is a great chance of getting more profit. So, it's all depend upon the trader.
The way the chart looks, I will not sell any holding positions atm. BtcUsd could be around 53k soon again, IF it breaks that current resistance around 48.900 . If price closes below 45.100 on the daily Chart, I will consider scaling out a little to then buy the next dip. So Basically I am holding and trading on the daily. this had the best results with the least amount of time spent on the charts so far.
Imaging losing your capital just because of human error or mistake on your part!
Yeah, that must be really frustrating. Your words are exactly depicting the situations of most traders; like most traders are having good preparation still they are unable to make profits due to few silly mistakes (or at least it seems so) but market is too good to make profits.I had lots of bitter experiences while day trading crypto and forex but after I started holding cryptos, I started recovering my losses. It means day trading provided me only negative results whereas holding alone provided me different results. Any trader may start day trading with small capital and then may switch over to holding to get different results.
Daytrading gives you the impression of earning money daily but it is not so! Dytrading is difficult and it could be fatal as well! Imaging losing your capital just because of human error or mistake on your part! I think holding is even more profitable in the long run than daily trading profit ( if there is any profit at all daily)
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