Daily trade Vs long trade

[TheUltraElite]

As I would like to think, long-term trade is better than short-term trade, because short-term trading is so hard for a newbie trader. First time long-term trade suitable for you. Now get some best coin and hold until the price increase  and try to learn day trading its so risky and more profitable good luck 

Both of them are equally important if someone wants to get their hand dirty on trading and learning the basics. Then they can choose whatever they wish to take up as their main style. Everyone has their own style of trading be it day trading or long term hodling. So let your personal choice allow you to provide guidance in this. There is no hard and fast rule that only hodling makes money and neither is day trading risk free.

In the long term holding though you will have to bear withe the bear markets. But the rejoice happens when bull market starts.

[1714668433]

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[rumexx]

There is no trading method that is not good rather each trader chooses the method that he is convenient and conversant with. Although the size of your trading capital will determine the trading method to choose. If you have a strong and huge capital you will like the swing trading(long term) this method will give you good profit if your analysis is on spot and you predict correctly. But if you have a small trading capital then you will be inlove with short term (scalping) trading where you trade and pick few pips and get out of the market then wait for another trading opportunity to repeat same over.

[deevan]

Day trade or long-term trade both can be profitable, it depends on you whether you want to make quick profits or just want to invest for long-term & forget about it. Day trade can be risky though as price movement highly fluctuates that you have to be every time in front of your computer to take right decisions that should bring you profit otherwise you will lose your money. Day trade will consume more time than long-term trading, it's like a full-time job for day traders.

[iMark]

Day trade or long-term trade both can be profitable, it depends on you whether you want to make quick profits or just want to invest for long-term & forget about it. Day trade can be risky though as price movement highly fluctuates that you have to be every time in front of your computer to take right decisions that should bring you profit otherwise you will lose your money. Day trade will consume more time than long-term trading, it's like a full-time job for day traders.

But a day trade will give you a big profit because if you are skilled in reading the market direction you can get profit
many times in 1 day? You know the big risks will be worthed because certainly give you more chance for bigger profit

[barbara44]

You should learn the both and eventually makes your choice, no crypto enthusiast should limit himself to only a particular aspect, you need some trading knowledge in making investment decisions, both type of trading all have different outcome and requirements. Particularly for a very busy person, long trading should be the best as you do not habw to watch the market all day while short trading requires constant monitoring

Even tho I do daily trades time to time I still love long term investments. I do buy some smaller coins that I think is on the verge of exploding and if it doesn't do that in couple days I sell it and cash back to bitcoin however on coins like nano and specter I just invest into them full on because I believe they could be more than what they are right now.

Nano maxed out at 34 dollars and right now it is fraction of that, specter is the same it was once over 6 dollars and right now its at around 20 cents levels, these coins do worth at least half of their all time high prices so I see a big upside in both of them.

[xenxen]

in my situation i do both. i seperate my fund to short trade and for long trade.. and in may experience short trade is so risky every time you need to check or monitor your place order... although you got a fast profit but you get in always stuck.. strategy is find another coin to do a short trade again if you got stuck in other coin or wait again to your target price.

[darasinmi4show]

Daily trading or long time trading depends on the types of asset you keep. Sometimes, some asset do profitable by trading daily more also, some asset and the most valuable one do profitable by time which is long time trading. The investors need to known the type of asset he is keeping before he could known maybe daily or long time trading will pay.

[nicster551]

I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term?
Thanks in advance.     

If you have nothing to do for your daily basis then you should go for day trading but if you do then go for long-term. Basic thing in mind.

[AlNu]

At the moment it is better to use the course hold. With daily trading, you can quickly make a mistake and lose a lot. I think we are near the bottom or already at the bottom, so the main trade from me to buy and hold. If you can handle emotions, you can make good money in the future!

[Yusuf77]

Day trade or long-term trade both can be profitable, it depends on you whether you want to make quick profits or just want to invest for long-term & forget about it. Day trade can be risky though as price movement highly fluctuates that you have to be every time in front of your computer to take right decisions that should bring you profit otherwise you will lose your money. Day trade will consume more time than long-term trading, it's like a full-time job for day traders.

But a day trade will give you a big profit because if you are skilled in reading the market direction you can get profit
many times in 1 day? You know the big risks will be worthed because certainly give you more chance for bigger profit

if at this time it is certainly very difficult to get big profits if you apply daily trading. the market is not stable so it's difficult to read the direction of the market. maybe if we trade daily we can get a small profit because usually people sell it above the price they buy.

[darewaller]

You should learn the both and eventually makes your choice, no crypto enthusiast should limit himself to only a particular aspect, you need some trading knowledge in making investment decisions, both type of trading all have different outcome and requirements. Particularly for a very busy person, long trading should be the best as you do not habw to watch the market all day while short trading requires constant monitoring

Actually, he should go learn how to trade first as he cannot make a decisions whether he wants to go long term or short term without learning. The shorter the term, the more the risks which is why a lot of people always end up preferring long term styles of trading, but the reality here is that, you cannot get the best from any style of trading if you do not even have the knowledge to pull through.

At the end, the OP will just have to find which one suits him best in the long run, and that decision cannot be made without having some good understanding of how all the style of trading should be and the strategies he can use to trade them effectively.

[otundebis]

Nobody is born with the knowledge of cryptocurrency trading,  every knowledge is accessible and skill based on cryptocurrency knowledge can be learnt.  Dedicate yourself into finding out how cryptocurrency market works and in time you will know how to position yourself to trade!

[arafat222]

I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term?
Thanks in advance.     

At first you learn some knowledge about trading and if you think that you can trade then you can invest for trading. If you day trader short term is good option for you. I really like daily trade. It makes good profit if you choose right coin.

[SuicidalDemon69]

You can get high earnings from daily trading. I mean if you do your own research about the coin and the community, you can get easily to ride in with the pumps and dumps. The problem with this is that you can get easily get FOMO so I advised that you split your coin with the buy and sell order. Another thing you need to know are the support and resistance of the coin. You need to study this kind of thing so that you can't get easily be affected by FUDSTERS. In terms of long trading, you need to question yourself, "How long you can get to hold on that coin?", the best thing to do is to set the percentage value of the coin. Let's say for example, you wanted to sell the coin at 50% increase rate. Again, these are only my opinion and most of the time these tricks works for me. There are multiple ways on trading but I guess the luck plays important part here.

[TheUltraElite]

Nobody is born with the knowledge of cryptocurrency trading,  every knowledge is accessible and skill based on cryptocurrency knowledge can be learnt.  Dedicate yourself into finding out how cryptocurrency market works and in time you will know how to position yourself to trade!

You can learn a lot if you follow whats is being said in many crypto whale channels. Basically technical analysis but 99% of that is biased stuff made by the bagholders of coins. They dont want you to make profit but themselves. SO they will promote their own shicoins to you buy them and they will sell. Its a nice way to get scammed only to be fooled properly by these "gurus".

Hence take their knowledge with a bit of salt and use your own insight to gain the full analysis.

[sana54210]

I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term?
Thanks in advance.     

All trades are being done daily, and some are just seconds/minutes, and those are the short-term. I don’t think you can be able to do short-term trade, you won’t be able to predict where the market is going within a short time. It’s still your choice though, if you believe you can be able to do that, then why not, that’s if you have done the research and you know how it works.

Trading requires a lot of training and it’s not going to finish a day, experience will also help you get to know more. That’s why some platforms now allow users to open a demo account, so they can see how it works before investing real money.

[hitrawal91]

Both are very good depends you how you are doing because Day trade is generally for people who do these trading full time and Long trading is for those who do trading as secondary source of income.Day trading usually can be done in any coin which has response less time or legendary coins but long trading can be done on coins which are trustworthy and are good fundamentally.

[iv4n]

With time you fins out that you need to have something to hold and something to trade with. With so many coins and tokens we all have many choices, use that in your advantage.
I hold some of everything, but I also have amounts for trading, I think one can't go without another, simply you need to have backup all the time, if you don't have it you are risking too much.

[Rana590]

I think it depends on the traders that how they control it. In my opinion day trading is risky but there is huge chance to make huge profit if anyone select best coin.

[sarmrakib]

I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term?
Thanks in advance.     

As a newbie you have to need learn first. You just go different exchange and see the trading process. Daily trading is. hort time trading process and long term is holding type trade. Stay here to learn with us and move different exchange as well.