Shall I be a hodler or day trader? Give me some advice! - page 2.

happyme1818

sr. member

Activity: 568

Merit: 254

Quote from: misa999 on October 04, 2017, 06:21:41 PM

Hi guys,

I am considering whether I should be a coin holder, buy tokens and holder them for a long time or whether I shall be a day trader, trade coins on daily basis. If you are a day trader, what is the factor that force you to buy a specific coin? Is is an announced event, burn, conference? What is it?

There are four types of trader. Scalpers, day trader, swing trader and position trader. Scalper are those who buy on deep and sell it immediately after a few second or minutes. It is very risky and you may lose if it didn't bounce. Day traders buy a coin and didn't hold it overnight. Swing traders usually buy and wait for days before they sell to get better profit. While position trader are those who buy and wait for several weeks, months or years to get a huge amount of profit. Choose which trade you are fit base on your lifestyle and activities. I would recommend swing and position trading for better profit.

Geenstijl

legendary

Activity: 1232

Merit: 1000

Trader is a very smart and experienced guy with steel balls, who is working all day long. If you want to mix your live with crypto, if you like to study, if you have strong nervous system, if you have 8+ free hours per day then you are welcome Cool

Overwise you should be a hodler.

Dolarin

full member

Activity: 294

Merit: 100

I think you should give yourself the answer to this question. To be a day trader not easy and you have to solve is getting them or not.

Hallmader

sr. member

Activity: 1123

Merit: 253

Quote from: misa999 on October 04, 2017, 06:21:41 PM

Hi guys,

I am considering whether I should be a coin holder, buy tokens and holder them for a long time or whether I shall be a day trader, trade coins on daily basis. If you are a day trader, what is the factor that force you to buy a specific coin? Is is an announced event, burn, conference? What is it?

I really want to become a good day trader but it requires a lot of studying. I do not have enough charting skills. I think day trading is a very profitable way to earn profit. It is much more profitable than just pure hodling. Hodling is my main thing right now pending my skills-learning to day trade. I scalp a bit sometimes though.

vandvl

member

Activity: 154

Merit: 10

its up to you if you are a safe player just go to be a holder if you are a risk taker go to trader.. but of course if you go to trade just study first lot of study trading has big amount to invest.

adam1230

legendary

Activity: 1218

Merit: 1001

I will suggest you to be hodler in major altcoins such as eth, xmr, waves etc. And for other alt coins look for dips to buy.
And trade for easy profit around %5*%10 this will make you happy. And exchange your profits to btc to stay safe.

ukboss

full member

Activity: 742

Merit: 100

Here is two advice for you. One Advice is if you have a cool money That Means huge money then you can hold a coin and Two advice is if you have not a huge money then you can start crypto trading but first time you need to must check all this coin and you find out which coin is better for holding and trading.

CryptoScorpio

full member

Activity: 154

Merit: 100

Holding in my opinion because you need to have a lot of time to be a day trader and you have to watch the market daily about 10 hrs.And moreover, trading involves a strategy that high investment high profit.so if you want to sustain as a trader you need more money to invest in. I prefer short-term trading as you don't need to spend more hours daily.Long-term holding is good too.

zaq130

full member

Activity: 280

Merit: 128

I think it is better for you to be a holder.

As long as, crypt currency market grow, many of the coin's price is going to be bigger.

If this market has a low growth rate, the story is going to be different but but this market is showing rapid growth.
Thus, it is clear that if you choose normal coin, your investment gonna get almost same amount of the market growth rate.

Be a holder!!!

ngocbkcse

hero member

Activity: 562

Merit: 500

I think you should a hodler. When you ask this question, you're worring, one of the problems everyone have is they get into trading but get lost in all the information. Taking large losses is painful if you don't understand about trading. Hold some coins that you believe.

DaddyMonsi

legendary

Activity: 1344

Merit: 1006

Everyone wants cash flowing in everyday but its possible if you have your own business and if you plan to accomplish that in trading, then you have to have a lot of time in staring at your PC monitoring your investment if you reached your goal for the day or not. Day trading is good way of earning money but with the volatility if Altcoins and BTC, whales manipulation and fake news around, its hard nowadays to be a day trader. Just like what I advice to those who plans to be a day trader, set aside a fund for day trading and set aside a fund for long term investment and dont put all your eggs in 1 basket, I hope you know what I mean.

Immakillya

sr. member

Activity: 560

Merit: 269

HODLer or long term trading is better especially to those people who have a job. Day trading needs a lot of time and effort. You need to monitor your trades every minute. It's only ideal to those who don't have a job or have a lot of extra time. Also day trading is more risky than long term because in long term trade, you have your time and you don't have to monitor your trades too often. In day trading, you have to learn the timing because timing is the key to earn huge profits. In terms of profit, day trade is more profitable but it's more risky because there's no guarantee that you will make money. Day traders usually suffers from huge losses in their first few months of trading. It's a stressing job. While long trade requires only short time to monitor. It's a less work and not stressful job.

Poink

full member

Activity: 350

Merit: 122

Only you can answer your question. I think these require different skill set, mentality and dedication.

I'd suggest you start as if you will be a HODLer then as you learn, try (with a small amount) to day trade and increase as you get more confident/experienced or withdraw if it is not for you.

A good coin is a requirement for the HODLer...you might not believe me, but they don't necessarily make good day trader coin. Spotting what is good for each application can be acquired. Charts, historical data, news, etc. are tools you need to utilize.

Good luck!

trk

full member

Activity: 228

Merit: 100

Depends on how much time you can spare. Daily trader or even hourly trader requires so much time and attention, other than that you need to have good mentality. HODL is the most troublesome free, as long as you buy your coin in their discounted price not at their peak

Casdinyard

hero member

Activity: 2170

Merit: 891

Leading Crypto Sports Betting and Casino Platform

Quote from: rezurect on October 04, 2017, 09:08:40 PM

For day trading, watch new developments and be one of the first to buy in.
For holding buy serious coins with a real purpose or great technology.

I think both are profitable like it depends on your perspective and preference.
When you day trade you'll have just a small but a sure profit while in holding the return of your investment is too long but definitely worth the wait. So just choose how do you want your profit goes to you.

Boomber

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Tontogether | Save Smart & Win Big

I think you better hold some altcoin for the future maybe you can get some profit because price''s will increase if that's good project.

JanpriX

hero member

Activity: 1708

Merit: 606

Buy The F*cking Dip

Actually, you could do both and be happy with it. You shouldn't limit yourself on becoming a SOLE holder or day trader. You could mix them and make good profit out of it. First thing, you should assess yourself and see what best suits you. What percent of your total capital can be allocated for long term holding and what percentage of it to day trading. Always keep an open mind about it. Being able to day trade AND to hold is the same as having a diversified portfolio. Assess yourself first. Wink

shursight

hero member

Activity: 728

Merit: 500

It depends on your budget, maybe you should try to achieve some knowledge before jumping into the trading pool, it is difficult if you didnt have any previous experiences on trading or in forex. If you dont have a good amount of money, then dont be a dailytrader, because you are only going to earn only a few dollars a day, and that is not worth for your time. Better to go all in hold and wait some time, and then invest your money on your exchanger account and start trading.

MinerLeague

newbie

Activity: 27

Merit: 0

day trading is a great way to lose money, if that's what you're going for.

n0ne

hero member

Activity: 2618

Merit: 548

SecureShift.io | Crypto-Exchange

If you have certain amount of backing, then diversify and invest into some sort of business to get a sustained income. With trading you cannot expect profit throughout, because the growth of the assets vary respect to time. Being a day trader is a good decision when you have the necessary backing to lead the same life as before without the earning from trading.

Topic: Shall I be a hodler or day trader? Give me some advice! - page 2. (Read 805 times)