Hello all, I am engaged in trading and I am often asked by beginners how to trade long-term or short-term strategy.
For beginners, I would advise you to trade long-term, but such trade does not suit impatient people, sometimes you have to wait a very long time, a couple of months, and maybe a year, and sometimes even more.
This strategy has a number of advantages, especially for beginners.
1. Compared to intraday trading, you do not need to be in front of a computer and watch the price 24/7, so the trader experiences less emotional stress.
2. Only when using long-term trading, it is realistic to take above 100% of the profit from 1 deal. With intraday strategy, this is hardly possible (except that a miracle will happen).
3. Unlike intra-day trading, you do not need to be a professional, enough to have basic knowledge.
This is my opinion, I do not force you to adhere to this strategy, study trading if it interests you and find your strategy.
I hope someone helped, If you have any questions, ask always happy to help.. Good luck!BTCBTC
Long term trading is indeed a safest way of trading until your investment is in some utility token or a large cap coin. Otherwise, long term investment will leave you with bags to hodl. You just can't blindly go for long term investment by not analyzing the market everyday. You need to keep a check on your coin and its development everyday. Also, it isn't easy to get 100% profit out of a coin even in long term. With market showing short period trend reversal, I will not suggest people to go for long term unless you bought a coin real cheap.