Bitcoin Forum

Hello guys,

I am wondering if trading on a daily basis is better than investing and hoping for a long term growth? Up until now, I have put my money in like 12-15 coins and I am hoping they will give me larger profits in the future. Most of my coins still do not have a running product (like Ethos, WaBi, Uturst) and I have invested some in privacy coins (deepOnion, Verge, NAV coin) Do you think that this is a mistake?

I know that both intraday trading and investing have their pros and cons. However, wouldn't it be better to invest half in my money in projects that I think they will bring me higher profits in the future and the half of my money I trade on daily basis? But now there is another question.. How should I anticipate there will be a big movement of the prices in next few days?  ???  I would be very grateful if someone can give me an idea which I can apply about the daily trading!

What do you think about this strategy? If the short them profits are good, this means more money will be invested in projects I decide to hold for longer time.

Thanks!
 

Honestly there is no simple answer to your questions... The problem is, not everyone has the ability to read charts and be successful as a day trader. Maybe you should invest some time on learning tech analysis and try to day trade with a small portion of your wealth. After that, if you're successful then you might try to start day trading with a higher amount of money, if not, stick to investing.

Short term are good if you are doing full time on trading. But you can do also both Long term trade and Short term trade. Long term holders always just remember that. You can do atleasy 20% or 40% of your portfolio on long term hold and the rest of 60% you can do it on short trade. Both those always win if you have a better plan. Just to make sure deeply researched on those coins you want to invest so minimize the risk.