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Topic: Long term investment vs. Swing trading vs. Daily trading - page 4. (Read 495 times)

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Most people on this forum are long term holders (correct me if I am wrong). I wouldn't recommend anyone intro long term investing to try to place trades, or if you do learn how to do it, study the vocabulary, learn how to understand charts.

Choose one of the three and become good at it.

Daily trading is extremely difficult. Basically you buy at 6k and hope to sell at 6.1k with a 25X leverage. You need a stop loss, it is very dangerous.

Swing trading is buying near supports and selling near resistance, you can hold for 1 month, or 3 months, sometimes 6 months (my personal favorite).

Long term investment is what most people do here, buy Bitcoin and hope to make a profit in 2 or 3 years from now (or further than that). For this you need a very clear and deep look at the fundamentals to make a smart decision. Not as easy as it seems.  Kiss
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