Long term trading is basically buying an asset holding it, for me its not really trading but an investment, its really up to you when to cash out. In here we call those type of people HODLERS.
Short term is immediately selling once you've gained profit or put necessary stop loss once the price dump. Day traders are usually like that they speculate the market with TA then immediately buys or sell depending, if there's a big move coming either to the downside or upside.
Topic: Long Term VS Daily Trading - page 6. (Read 3929 times)
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.
I will always advise anyone to go for a long term trading. Long term trading is what we all call HODL (an abbreviation for - Hold on for dear life). When it comes to Hodl, what you do is to invest your money and then you wait for a long time, probably months for the price to go up. When it goes up you can then sell it for the current price and make a profit.Before you go for a long term investment it's best that you do a proper research and invest at the right time when the price is low and after you have invested you can then wait for the price to go up. If you're lucky you might invest and within a week the bull run will start and you make a profit within a short term.
Daily trading is really difficult, you can not always be profitable when trading daily because this market is always moving unexpectedly. If you want to be profitable, you must have a lot of free time to follow this market, and in addition you must have a lot of trading experience to handle quickly. I have tried trading but to be honest it is too hard and takes too much time and mind. It is best to hold and wait for this market, You will have more free time and do other things
If you are still a fan of trading but you are too stressed out from daily trading then you should try other form of trading such as a position trader. There is a lot of type of trading and we should not stick to one style of trading since we cannot make a custom style of trading that will fit in our criteria and also to our schedule in our daily life. 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
Best Regards
CHRIS
This is the first time I heard about long-term trading as trading word always refers to short term in my opinion. If you mention about I think the word "Hold" makes more sense. Investment , especially in crypto market is extremely risky because of its low liquidity, therefore, I usually choose good project I think to hold for a long-term. In addition, I do believe that holding is more profitable than trading.
Daily trading is really difficult, you can not always be profitable when trading daily because this market is always moving unexpectedly. If you want to be profitable, you must have a lot of free time to follow this market, and in addition you must have a lot of trading experience to handle quickly. I have tried trading but to be honest it is too hard and takes too much time and mind. It is best to hold and wait for this market, You will have more free time and do other things
actually trading last year and now is very different. if you know about trading before 2017 it will be safe if it is better to choose the long term or as a holder. but for now, I personally choose the short term when there is an opportunity to take a profit. considering it is rather difficult to get a profit with a percentage that is far away. then prepare your capital when the is price go down
It depends on the kind of trader that you are, if you are a day trader then the overall market conditions do not really matter that much, your profits will be very similar regardless of the market conditions, but if you are a swing trader then the conditions of the market affect you greatly because if the price of bitcoin does not go up at least for a few days then it is going to be impossible for you to obtain profits, and the ones that are affected the most are those that are long term traders or investors because they are the ones that hold their coins the longest.actually trading last year and now is very different. if you know about trading before 2017 it will be safe if it is better to choose the long term or as a holder. but for now, I personally choose the short term when there is an opportunity to take a profit. considering it is rather difficult to get a profit with a percentage that is far away. then prepare your capital when the is price go down
It depends on the kind of trader that you are, if you are a day trader then the overall market conditions do not really matter that much, your profits will be very similar regardless of the market conditions, but if you are a swing trader then the conditions of the market affect you greatly because if the price of bitcoin does not go up at least for a few days then it is going to be impossible for you to obtain profits, and the ones that are affected the most are those that are long term traders or investors because they are the ones that hold their coins the longest.
I can't deny that everyday trading feels like we're playing with fire, it can make us burn anytime but you should know that this fire is still under our control, it cannot burn too loud, every time it has special fluctuations, we can still come up with reasonable solutions, without causing too much damage. While long-term investment does not bring the feeling of playing with fire but this fire is just hiding, if it continually broadens its scope of activity and accumulation, when the burning happens, all will become ashes
Even trading in stock market, buying and selling of cars, properties, they are all need required take risk, no assurance at all, so we can't really say that we can earn from them, unless we tried it right. Trading is not that easy, as you need to become expert or familiarize trading so you will know the thinking or the mindset of some traders, so a lot of experience will be really needed.
I can't deny that everyday trading feels like we're playing with fire, it can make us burn anytime but you should know that this fire is still under our control, it cannot burn too loud, every time it has special fluctuations, we can still come up with reasonable solutions, without causing too much damage. While long-term investment does not bring the feeling of playing with fire but this fire is just hiding, if it continually broadens its scope of activity and accumulation, when the burning happens, all will become ashes
Even trading in stock market, buying and selling of cars, properties, they are all need required take risk, no assurance at all, so we can't really say that we can earn from them, unless we tried it right. Trading is not that easy, as you need to become expert or familiarize trading so you will know the thinking or the mindset of some traders, so a lot of experience will be really needed.
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
profitable depends on how you trade or invest , successful trading is about managing risks either in shot term and long term trading, do which suits you and depends on how much time and money you have Best Regards
CHRIS
Errr long term suggests a larger margin for profit. But, you'd need quite a vision for it since some coins could potentially go down without any cause. Plus, as the name says, profit comes after lets say 3 to 4 years. 2 years at the minimum I think.
You're right about cryptos turning into unworthy holding after while if the ones being held aren't cryptos with concrete projects or utility. I have been hodling some good coins which are looking worthless now (Walton is an example) with price crazily below my purchase level. Truth be told 2-4 years holding of a coin doesn't guaranty any profitability in this industry. If you've been long in this business you will understand what I just said. I think Daily Trading is good because you can make some profit every day by trading Daily. You will benefit a lot. If you are trading long term it should be kept on hold. And if you trade daily, you will get some profit every day. You can make small trades to do daily wiring.
How is daily trading a good thing?
I mean it is great for some but I don't think it is a great thing all in all. Just imagine making a trade every day following the most volatile price in the industry. I don't recommend daily trading or day to day trading, I am not siding with the long term since you don't know what will happen so it is better to be alert and be vigilant, just keep on looking for the movements on the price chart.
You say as it seems easy to make profits on daily trading, when in fact, it is quite difficult even for now bitcoin situation sideways. but maybe it's different from the experts, I only earn 5-10% in a few days. long term is good for big profits.
If its a bear market, dont expect the price to change a lot in a day or price will not move enough that could give you profits thats why day trading is not advisable on this kind of market condition. Long hold and patience is what you need. Dont listen to those who give out signals, they are just helping themselves and not the others as they already bought ahead of you before they made an announcement.
I would suggest the same. There are only few whales who can predict the correct movement of the bitcoin price chart and those guys would never share publicly because they control the market they would never want anyone to know what's going to happen because that's how they make profits. Still, yes investment or say holding is the safest option because you are not hurried into selling and not shaken by a sudden price drop.Most of the groups on telegram that seem to predict price are nothing but pure guesses and some basic market knowledge because I have been part of many such groups and they hardly work.
Most signal groups are scammers so no one should not trust them.
They created those groups for their own gain.
I followed few of them before, but i couldn't get the right timing.
They are the ones who are actually benefitting from those groups.
So doing your own trading is sometimes less headache.
Daily trading may give you small profit but in the long run, if you will combine all those profits, the amount is significant also.
If its a bear market, dont expect the price to change a lot in a day or price will not move enough that could give you profits thats why day trading is not advisable on this kind of market condition. Long hold and patience is what you need. Dont listen to those who give out signals, they are just helping themselves and not the others as they already bought ahead of you before they made an announcement.
I would suggest the same. There are only few whales who can predict the correct movement of the bitcoin price chart and those guys would never share publicly because they control the market they would never want anyone to know what's going to happen because that's how they make profits. Still, yes investment or say holding is the safest option because you are not hurried into selling and not shaken by a sudden price drop.Most of the groups on telegram that seem to predict price are nothing but pure guesses and some basic market knowledge because I have been part of many such groups and they hardly work.
Most signal groups are scammers so no one should not trust them.
They created those groups for their own gain.
I followed few of them before, but i couldn't get the right timing.
They are the ones who are actually benefitting from those groups.
So doing your own trading is sometimes less headache.
Daily trading may give you small profit but in the long run, if you will combine all those profits, the amount is significant also.
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
Best Regards
CHRIS
This platform is not about promotion of IEO/ICO alone, there are wealth of knowledge here. But if its come to learning trading, you can't learn it here. Rather, you will be getting both positive and negative views/experiences of both traders and non traders.
In order to learn trading, I will surget you to make professional research on offline and online trading courses.
Moreover, short term trading can be liking to day trading while Long term trading is liking to HODL
If its a bear market, dont expect the price to change a lot in a day or price will not move enough that could give you profits thats why day trading is not advisable on this kind of market condition. Long hold and patience is what you need. Dont listen to those who give out signals, they are just helping themselves and not the others as they already bought ahead of you before they made an announcement.
I would suggest the same. There are only few whales who can predict the correct movement of the bitcoin price chart and those guys would never share publicly because they control the market they would never want anyone to know what's going to happen because that's how they make profits. Still, yes investment or say holding is the safest option because you are not hurried into selling and not shaken by a sudden price drop.Most of the groups on telegram that seem to predict price are nothing but pure guesses and some basic market knowledge because I have been part of many such groups and they hardly work.
I think Daily Trading is good because you can make some profit every day by trading Daily. You will benefit a lot. If you are trading long term it should be kept on hold. And if you trade daily, you will get some profit every day. You can make small trades to do daily wiring.
How is daily trading a good thing?
I mean it is great for some but I don't think it is a great thing all in all. Just imagine making a trade every day following the most volatile price in the industry. I don't recommend daily trading or day to day trading, I am not siding with the long term since you don't know what will happen so it is better to be alert and be vigilant, just keep on looking for the movements on the price chart.
You say as it seems easy to make profits on daily trading, when in fact, it is quite difficult even for now bitcoin situation sideways. but maybe it's different from the experts, I only earn 5-10% in a few days. long term is good for big profits.
I think Daily Trading is good because you can make some profit every day by trading Daily. You will benefit a lot. If you are trading long term it should be kept on hold. And if you trade daily, you will get some profit every day. You can make small trades to do daily wiring.
How is daily trading a good thing?
I mean it is great for some but I don't think it is a great thing all in all. Just imagine making a trade every day following the most volatile price in the industry. I don't recommend daily trading or day to day trading, I am not siding with the long term since you don't know what will happen so it is better to be alert and be vigilant, just keep on looking for the movements on the price chart.
I think Daily Trading is good because you can make some profit every day by trading Daily. You will benefit a lot. If you are trading long term it should be kept on hold. And if you trade daily, you will get some profit every day. You can make small trades to do daily wiring.
Long-term trading looks easier because we do not need to monitor it every day and can sell at any time when the price has reached the desired target, but it will be difficult when the targeted price does not arrive, here our patience is tested. Whereas for daily trading it is more troublesome because every day must monitor price movements because that day must also make a profit, determining hours to take profits quickly is very necessary, because if we let our guard down a little, then precious moments will disappear and must wait for the next opportunity.
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