Topic: Long Term VS Daily Trading - page 5. (Read 3899 times)

my advice, focus on long-term trading is the best thing. it can make a bigger profit. it's just that, if you want to do daily trading, it doesn't matter, just don't use excessive assets. so far, I have chosen to hold assets rather than trade every day. even though it looks frustrating, but it is very difficult and risky, especially if you are addicted.

Neither are better. Both have different profitability margins and different risk management.

To begin, long-term trading is slower-paced and doesn't require quick reflexes, which can be a problem for newbies. It also doesn't require you to look at charts for a long time. Because of it, it is a less risky strategy, however, potential profits are lower as well. It's recommended for newbies.

Short-term trading is faster-paced and sometimes the reaction time can go as low as 1 minute. You might believe it's still easy, but in reality, it's easier said than done. It also requires holding attention on charts for a long time. It is a more risky strategy and potential profits are bigger as well. However, due to intense emotions caused by the speed, it is recommended only for very experienced traders.

I would say that in trading psychology is 10%, knowledge 10%, experience 10%, skill 10% and luck 60%. Now the luck has most percentage points connected to, because even most skillful traders sometimes do lose money in trading.

I recommend TradingView's paper money feature. However, it lacks emotions of risking real money. Use it before risking a small amount of BTC. Maybe go as low as 0.01 BTC.

Never never forget that you shouldn't ever invest or trade more money than you can afford to lose. Think about your trading money as a write-off with possible bonus if you are lucky.

short time is simply harder and more rewarding.. that simple. if you go longterm you will be missing some opportunities but you have 0 energy wasted on maintaining your positions. if you trade daily you got to work much more with the charts but you will considerably increase volume of your trades as well as end profit.

If people do make money and reach the levels as per their expectation or goals, then they can sell it. Also another thing is that one can diversify money in 2 parts so that certain amount could be invested for long term and other can be used for daily trading as well.

Both type of investments i.e. long term and short term have their own requirements and perks. Short term or day trading is something that is considered hectic by most of the traders as you mentioned; we have to keep track of altcoins all the time for at least 2 weeks consecutively in order not to miss any chance of making profits. Long term is damn easy because there you can leave coins for months.

You're right. In order to make money on trading, it is necessary to devote a huge amount of time to this occupation, and refers to it as a full-fledged job.
However, if you decide on this, then it is best to start with day trading, because in long-term trading you will gain experience very slowly.

Long term wait duration cannot be defined. The way altcoins and bitcoin price are moving, dumping most of the times, maybe you can say that hold the coins for 2 years and then you may get 5-10x return and that too after the bull run.

Well it is still depends on how much the person willing to wait as there are other coins wherein you will in need to wait for a year, so ask yourself first, what do you want or what you prefer, are you okay with holding it for short term only or for long term only, and better to seek advise from the experts.

If you have enough money you can go into long term investment. For this reason i think you can choose 3/4 coins from CMC top 10. But for daily trading you have to keep your eyes into market every moment. Primarily you have to target 5/6 altcoins for day trading and follow them atleast 7-15 days and also follow their roadmap and then reach your goal. I think you will be benefited.

Indeed. Short term trading requires experienced and right decision making than long term trading, that is why long term trading will be a good choice because it is less risk and i don't need to put a lot of time and pressure to myself. Even long term trading will be slower for me to earn profit, it will still be safe if i just hodl it until it is the right time to sell it.

agree with you. long term is good choice and can make profit because cryptocurrency is best invesment  but it will different if you are full time trader, maybe as a full time trader choose short term or daily trading is also  good because full time trader need to buy their daily needs. so for me as a full time trader and investor i choose both

Short term trading required much information and data to make the right decision and strict rules to gain profit or cut loss, it can be more profitable than long-term. However, due to numerous factors affect the market and intense competition among traders, the right time is crucial. On the other side, long-term trading is less-risk and pretty good to earn profits, just buy bitcoin and some famous altcoins, wait a month or two, then cash out when you feel the price hit the peak or it will drop soon.

Which is as it should be, at the beginning everyone should begin as a long term trader then as you gain experience, knowledge and even more importantly a lot of money then you can become a day trader, but that transition should take a long time and yet that is not what we see, newbies excited over the profits that they can get want to become day traders almost immediately not understanding the risks and the huge levels of stress that they have to endure and they lose whatever capital they had in a matter of months

We know that there are many traders who always get profit in any place they invest and do trade, the reason is that they spend time with those assets in which they invest and they know all the factors of getting profit from that assets. That type of trade we have to start. If we will spend time with crypto coins and will invest in those coins about which we will know from the start and each and every aspect of that coins then we will not lose.

I agree, i myself rest for a year and do swing and day trading since its much profitable and you can earn profit within the day without waiting for a long time.

And ICO and IEO are not really good for making a profit since the value is less than when you boughit after it get listed and need to wait for a long time just to sell it when it hits more than campaign price.

Day trading actually look simple, but need skill and good analysis and maybe a lot of practice to do it with good. Because behind of that profit, people who do daily trading must look the coin, decide in what price to buy and anything else to make them pick profitable coin. And for some people, it is hard to do. I think daily or long term as long you really good at it, both can be very profitable.

During the time that the ICO and IEO has been not so much successful, many investors were tired of investing anymore, so most of them quit cryptocurrency, rested and some begun to do day trading and for them this is much safer, as you are the one controlling your fund and you are not relying with other people.

if capital and strategy can be connected to each other consistently, 5% daily target can be easily achieved manually, but daily trading also erodes a lot of emotion if the price drops unexpectedly.

anxiety will double because it only focuses on hourly charts and even lower. the advantage of having direct experience as you wrote is very true, I personally can also communicate directly with fellow traders to determine what can be done next.

I think it is much better to wait for your profit than Having no profit but only lose as day trading is having so much risk so we will have to face the risk and it needs so much knowledge as well. So I prefer long term trading because i am new and don’t have enough knowledge at the same time I am having regular job and day trading needs whole day internet connection that I cannot afford so I simple trade for long term.

I think Daily Trading is more convenient. Because trading daily can make some profit. But if trading long term, you will have to wait a long time to make a profit. So Daily Trading is much better than waiting. I do some trading every day. And trading daily will increase the experience. But Trading too many times a day can cause a lot of losing money. So you have to be careful trading daily.

Thank you