Long Term VS Daily Trading - page 15.

Jellachrist

jr. member

Activity: 37

Merit: 1

Quote from: Shasha80 on October 29, 2019, 10:36:31 PM

Always makes me excited when discussing trading, because in my opinion playing trading must have the ability to read the market.
If you don't have the ability to try trading right away, I'm almost certain that the capital will be exhausted soon. There are two types
of trading inside this is the first long term and the second daily trading. For long-term it is easier to do because you only need to buy
coins then set a target sell, usually for long-term it requires a minimum of more than 1 year to enjoy profit. And if daily trading must
choose the right coins because this strategy must find coins that have fast movements or volatility high. Because daily trading targets
the profit earned per day. So it's not just anyone can use this strategy, especially for newbies not advised to play daily trading because
it is too high risk. Both trading strategies require a thorough analysis so that they can make the right decision.

This is amazing I beginning having confidence of I can do it I see there are lots of genus here who are willing to teach newbies at any time if only they are willing to learn I must confess its not easy but am excited I have come across so many good opinions and it makes me feel am already a potential trader. I will learn to be careful to be on a safer side. The first time I see the displace of cryptocurrencies exchange it looks nagical to me but now I started getting some inserts.

MathGame

member

Activity: 168

Merit: 10

I suggest long-term trading because it is more profitable more especially if you are HODLing bitcoin. I don't recommend long-term trading for altcoins rather day-trading for easy profits. Altcoins are seasonal, unlike bitcoin which always recovers after the crash many altcoins die forever after the market crash.

Darooghe

sr. member

Activity: 1120

Merit: 255

I know a few people in our circle of friends that really is into day trading bitcoin. They are posting their profits every time they made a good day out of that. Also, Shorters seem to enjoy this current situation in BTC right now. Instability in prices is like the waves of the Shorters in surfing. Hence, day trading can be profitable but only if you're better than the average trader and good at managing risk, and coping with stress.

However i highly recommend to trade the more longer term swings in the market which are easier to predict and don't cause as much stress. although it requires a lot more patience, and sometimes you have to wait many months for your trade to work out. easiest and probably most profitable for most people long term is to just accumulate Bitcoin now as long as there is an 50 percent discount from ATH and wait for the next bull cycle to begin.

target

legendary

Activity: 2282

Merit: 1041

Day trading isn't easy to do. Swing is going to be your best strategy since the price could go drop to 5% to -5% that's your chance to earn bucks, all you need is to wait for the price changes and this normally happen within a week. Long term however is literally going to make you wait for long period of time. That means waiting til you see bullrun.

Hamphser

sr. member

Activity: 2604

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The best way to know what's best for you is to try which is more comfortable for you that would suit your trading style. Everyone has their own trading style that suits to their strategy either long term or short term. Both has had their own pros and cons, it is only you who can answer to your question once you try it on your own. We are just giving you a heads up here so that it will be easy for you to trade on your own soon.

Meowth05

sr. member

Activity: 854

Merit: 267

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Quote from: Jellachrist on October 29, 2019, 07:15:20 PM

Hello everyone, I was introduced to this forum by a friend who advice me to be marketing IEO/ICO companies but I see trading as the only thing I picked interest and willing to spend time here to learn. As a result of this I have dedicated 5 - hours daily to learn about crypto tradibg here in the forum since my research only keep me discouraged and scared due to their negative emphasis. I will like to know the difference between shot term and long term trading and the one that is much profitable. Also the different risk involved in both.

Best Regards

CHRIS

Day trading happens only in a single amount of time probably a minutes, taking the advantages of short-term fluctuations and this only occurs within the day while long term trading takes a months or even a year, basically you only need to the HODL technique from this one. Regarding which of them will be more profitable I think it is still depends on the liquidity of the market. In day trade you can only earn a small percentage of profit compared to long term but in total percentage of your profit within months or year, you could be somehow get the same amount of return.

Colt81

sr. member

Activity: 630

Merit: 265

Quote from: crwth on October 30, 2019, 09:31:11 AM

I don’t understand what you’re here for anymore, being introduced to this forum to market IEO/ICO companies and only turning to the trading discussion board to learn. I hope you elaborate on your story on how you came to this.

Anyways, I think most of the part of long term and short term trading has been discussed by others who posted before me here. I want my approach too. Let’s start with Daily Trading

Daily Trading:

You trade daily and concerned with ending the day either in profit or in a loss.
You are called a scalper
You choose to check multiple charts in which satisfies your condition
You are at a fast pace, using a fast trading strategy. (SMA Cross, Ping Pong, etc.)

Long term Trading:

You are not concerned with the daily profit or loss, you are looking at the future possibilities
Not affected too much by emotions of the regular results
You are a swing trader
Probably have a reliable strategy that you believe in (Elliot Wave, Fibonacci, etc.)

That’s just my take on when I encounter short and long term trading. I would like to have my strategy that fits my style, and I’m leaning more into the Long Term trading strategy. Where I bet on my skills on plotting, hoping that it’s a winning trade.

This is all precisely correct. Trading is really risky whether it is in long term or daily trading because you are using your money to earn huge money. In my own opinion, you should be trying daily trading because you can earn more faster and you can avoid overnight risk, but daily trading is riskier that long term trading because you might get empty handed due to huge losses, that is why you need to have a lot of experience in trading and you need to have a time management because you need to watch the market's movement every time and to avoid a lot of mistakes in trading.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

I don’t understand what you’re here for anymore, being introduced to this forum to market IEO/ICO companies and only turning to the trading discussion board to learn. I hope you elaborate on your story on how you came to this.

Anyways, I think most of the part of long term and short term trading has been discussed by others who posted before me here. I want my approach too. Let’s start with Daily Trading

Daily Trading:

You trade daily and concerned with ending the day either in profit or in a loss.
You are called a scalper
You choose to check multiple charts in which satisfies your condition
You are at a fast pace, using a fast trading strategy. (SMA Cross, Ping Pong, etc.)

Long term Trading:

You are not concerned with the daily profit or loss, you are looking at the future possibilities
Not affected too much by emotions of the regular results
You are a swing trader
Probably have a reliable strategy that you believe in (Elliot Wave, Fibonacci, etc.)

That’s just my take on when I encounter short and long term trading. I would like to have my strategy that fits my style, and I’m leaning more into the Long Term trading strategy. Where I bet on my skills on plotting, hoping that it’s a winning trade.

AliMan

hero member

Activity: 1974

Merit: 502

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Quote from: Omega Weapon on October 29, 2019, 09:39:11 PM

Quote from: Jellachrist on October 29, 2019, 07:15:20 PM

Hello everyone, I was introduced to this forum by a friend who advice me to be marketing IEO/ICO companies but I see trading as the only thing I picked interest and willing to spend time here to learn. As a result of this I have dedicated 5 - hours daily to learn about crypto tradibg here in the forum since my research only keep me discouraged and scared due to their negative emphasis. I will like to know the difference between shot term and long term trading and the one that is much profitable. Also the different risk involved in both.

Best Regards

CHRIS

Both styles of trading can be profitable what you need to do is to find out which one is better for you, if you are willing to take a higher level of risk and you are willing to watch the markets every day for hours then short term trading will be a good option for you, but if you prefer to minimize your risks and you have no problem with holding your coins for months or even years if needed be then long term trading could be a better option for you.

Maybe it can be done at the same time, if we're willing to do the rest and face the risk no matter what. Minimizing our risk was difficult to do, while you're maintaining that daily potential profit to at your balance. That's why we need to focus on our goals as we move forward on daily task on trading, and if sometimes you encounter such signs of losing we can divert our coins for long term holding.
Having both of these strategies will always be an assurance for us, to obtain a secure future on our important assets.

NathanJB

sr. member

Activity: 756

Merit: 251

There is no fix answer to this question. If you are good in day trading, why settle for long term? The most profitable way to earn more crypto apart from directly buying is day trading. But since the risk is high in day trading especially if your trading skills is below good, a lot of people are resorting to long term hodling, including me, although I day trade seldom. If you are not good, the answer would be long term hodling. If you are more than sure of your predictions, day trade is for you.

silversurfer1958

full member

Activity: 474

Merit: 111

Quote from: Jellachrist on October 29, 2019, 07:15:20 PM

Hello everyone, I was introduced to this forum by a friend who advice me to be marketing IEO/ICO companies but I see trading as the only thing I picked interest and willing to spend time here to learn. As a result of this I have dedicated 5 - hours daily to learn about crypto tradibg here in the forum since my research only keep me discouraged and scared due to their negative emphasis. I will like to know the difference between shot term and long term trading and the one that is much profitable. Also the different risk involved in both.

Best Regards

CHRIS

In my experience, we should not hold long term for the cryptocurrency market. because this is not a safe place for you to deposit your money for businesses. because businesses never publish their financial statements and we don't know what they are doing.
So holding long term will be very risky. trading is better because the market volatility is pretty good.

maxreish

sr. member

Activity: 1330

Merit: 326

Since you are a newbie, you can consider long term trading for now. Not until you are ready to go for the higher risk and more complicated learnings, then do some short trades. Short term tradings requires your full attention since you have to check the market and the charts from time to time while in long term trading you can set your goal price and wait it to pump to take profits.

Also, always remember to choose which coin you should buy for long term and short term trades. I suggest major coins like btc, eth, bnb for long term and some altcoins for short term trades

Wysi

sr. member

Activity: 1638

Merit: 261

Quote from: Jellachrist on October 29, 2019, 07:15:20 PM

Hello everyone, I was introduced to this forum by a friend who advice me to be marketing IEO/ICO companies but I see trading as the only thing I picked interest and willing to spend time here to learn. As a result of this I have dedicated 5 - hours daily to learn about crypto tradibg here in the forum since my research only keep me discouraged and scared due to their negative emphasis. I will like to know the difference between shot term and long term trading and the one that is much profitable. Also the different risk involved in both.

Best Regards

CHRIS

Chris, as the word suggest you short term investment is bit risky wherein you need to keep yourself updated s with all the news which will affect the crypto market in positive as well as negative way and then choose a coin to invest and cash out when the value shoots up and buy back when it's low. It's literally like buying at low selling at high which has high risk factor if you kiss right opportunity against long term investment wherein you find a coin which has potential to grow multi fold in few years and invest a huge amount and cashing out after few year which it can give you profit and here you need to wait for right moment.

slaman29

legendary

Activity: 2674

Merit: 1226

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Don't.

This is not the place to learn trading. To be honest, can't even see how anyone coming in here for the first time and landing on this trading thread can think this is the place to come and learn.

Sharing, looking for opinion and sentiment, yeah. Discussions on Trading aren't very useful here (actually better TA can be found in Speculation).

Take your 5 hours elsewhere, seriously. Just look at the responses to your question and please tell me you agree.

Palider

hero member

Activity: 1273

Merit: 507

In longterm trading you really need to study the coin that you want to buy. This is so you can see what it can do to raise prices. As such their future developments will give them high demand for its prices to rise.
In short term trading you just have to look at a coin's chart and you will find that here is the hourly movement of its price, This is what you must study to get the timing where you can buy cheap and sell immediately.

maydna

hero member

Activity: 2912

Merit: 556

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Both short term and long term trading will profitable, but that depends on the coin you bought. The daily trading will be different than short term, and long term trading as the daily trading means you are trading daily, and you keep searching the right coin to trade. Daily trading will be difficult to do because you need to have the skills to get the right coin. I think you should try to do short term and long term trading since you still learning about trading. For short term trading, you can choose any coin at the market, but of course, you need to analyze one by one, so you can find the right coin. For long term trading, perhaps, you can choose bitcoin because you will hold it for a long time.

But some altcoin can be profitable in the long term, but that will be difficult to know as the altcoin will always follow bitcoin moves, so I think it is better to select bitcoin for long term trading. Long term trading can be called holding a coin for the long term, and you don't panic if the price is down, but in reality, many traders still panic if the price is down. So be careful

Edraket31

hero member

Activity: 1190

Merit: 511

Quote from: dimonstration on October 30, 2019, 12:31:47 AM

Nice that you'll be putting time and effort to research first before entering trading that's a good start, if you have knowledge in stock market then it can be easy for you, you just need to study the main crypto you'll invest with and the better exchange. For long term better invest in top coins and for day trading if you have time to watch and read news then go for active developing products of altcoins.

That's what we need to be able to trade properly, If we will not do research then don't expect that you will have great return on it. As earning are coming from learning, and no one is earning if you don't do effort in learning.

Anyway, for those who will do day and long term trading, always check your time availability, capital, and if you are mentally ready and willing to have some patient. They are both good but still on our hands how we will get profit.

kolonel_x

sr. member

Activity: 1092

Merit: 250

In every trade that has good value, whether it is long term or even daily, we know that trading has a high risk, you just need to research it again
In the long run you can enjoy greater results but it takes a long time and years,
In the daily run you can look for coins or altcoins that have value to the market, and trade with little.
If you have the ability or can analyze the market better today, it will benefit daily profits.

dimonstration

hero member

Activity: 2744

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Dimon69

Nice that you'll be putting time and effort to research first before entering trading that's a good start, if you have knowledge in stock market then it can be easy for you, you just need to study the main crypto you'll invest with and the better exchange. For long term better invest in top coins and for day trading if you have time to watch and read news then go for active developing products of altcoins.

Reid

hero member

Activity: 3052

Merit: 651

Try risking a little bit of money. Maybe that way you could learn more.
Sorry for my offer but I learned trading the difficult way. Mostly I lose at the first time but as it goes on I got the catch of it and got hooked in a sudden.

The 1st and 2nd one may be bitter but the third and fourth may become the sweetest of all. Won the trade converting it to USD but I learned it should not also be that way.
Try making more bitcoin if you are aiming for it or the altcoin that you prefer.
You should be getting more of that than how it is converted with USD.

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