Topic: do you day trade or prefer a long term hold? - page 65. (Read 4281 times)
On my own 1 year experience, I can totally say, that long-term holding is much profitable than trading. But it is only my opinion and research.
So I'm slowly going into crypto and I want to know if any of you trade altcoins daily, or you prefer to hold it for long term? What do you think it's better and why?
Thanks
It is depends on the market situation,if the market is stable we can do an alts trading everyday but if the market is bleeding and unstable we should stick the solid coins just to be safe.I am doing a swing/day trading style and i am doing good with 10-15% daily average profits,when bitcoin is very unstable commonly i am doing scalping with some alts. Thanks
Long term holding has many advantages over day trading. It is much easier to identify coins that will grow longer term than those that will grow in the next 24 hours. With longer term investments you cannot fall victim to the dangers of high daily volatility.
Day trading while much more risky can lead to much greater returns. While a coin may grow over 100% in a few months let's say, it will have a cumulative volatility of much more than this amount. If you can successfully buy the lows and sell the highs then you can really outgrow that 100%.
Day trading while much more risky can lead to much greater returns. While a coin may grow over 100% in a few months let's say, it will have a cumulative volatility of much more than this amount. If you can successfully buy the lows and sell the highs then you can really outgrow that 100%.
I have portfolio for long-term and I think the best is hold, but most best in my opinion is make 1,2 deals in 1 month when volatility is very big, for example what was after new year
So I'm slowly going into crypto and I want to know if any of you trade altcoins daily, or you prefer to hold it for long term? What do you think it's better and why?
Thanks
Thanks
Long term buddy. I found it to be more time effective , at least to me wich I was trading aprox 200 USD
... It depends of the time u have and the amounth but over all i trully believe long term is going to pay off, cheers!
I prefer holding long term but I sometimes trade some coins because if there is a obvious opportunity you should not miss it. Trade and hold, it depends on coins as well.
So I'm slowly going into crypto and I want to know if any of you trade altcoins daily, or you prefer to hold it for long term? What do you think it's better and why?
Thanks
Thanks
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