Daily trade Vs long trade

[Ryker1]

Well, from my own point of view. I think that long term trading is more profitable rather than day trading because in that way you can be able to earn big profit and not so much risky compared to daily trade that you are focusing on a lot of coins. Aside from that you are very stressful in monitoring the crypto market price. If you will not, there's a high chance of being capital loss. Indeed, it still depends on what do you like. Also, I would highly recommend doing some research on it as well.

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[Woshib]

As you said, you are a newbie and if you try to day trade your total balance will decrease after every trade. even if you are a more advanced trader on forex, for example, i highly recommend you to avoid daily trading. Try to buy hold until the price increases enough for you, let's say 10 or 15%, you sell, and Voila you are a trader.

[doomistake]

Nosedive into daytrading. Learn about candlestick patterns and stuff. Don't follow signals group and study the sentiment continuously.

I agree. You will just regret following other's order if you are making a trade, they don't work out perfectly fine most of the time, just like you, they are also taking the risk sometimes to predict what is really going to happen. Follow only groups that have accurate judgment when it comes on making profits every trade, and they are not here on this forum, I mean it is easy to say that "I am a pro trader" but the truth is they are not.

[d3nz]

I think the most profitable is day trading since you can earn much profit than longterm trading since you do trade every minute or hour. And, I have experienced having a token that is on my wallet for a long time but the value is decreasing since it is affected by bitcoin's price.

And also, I would say that bitcoin is really good for day trading and long term since the value is going up and down but it will depend on how many satoshis you have.

[jamesndungu1]

My strategy of choice is Long term trading: Long term investing usually almost eliminates all the emotions involved in trading. Long term investing is a trading that just about anyone can be able to take part in. With long term investing I am able to correct some or all of my mistakes which is another great feature. Being a long trader, I usually pay way less taxes than I used to when I was an active trader. There are also low fees on brokers and trading fees as well as less risks since I don’t have to make rapid decisions.

[Best Dreams]

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.     

Daily trade vs long trade? I prefer daily trading because in daily trading you can earn more because as we all know every minute or every hours coins at dumping and pumping so in day trading you can earn a lot than the usual earnings. If you want to become a real trader study first on how it occur and what trading is.

Daily trading is good but for me its much better to trade long term as i am new so I want long term trading and it gives me safety and experience. When you trade for long term you will be confident about growth of your trading and nothing will give you stress to keep on checking the market price so if you are new or you have lack of knowledge better try long term trading.

[doomloop]

My strategy of choice is Long term trading: Long term investing usually almost eliminates all the emotions involved in trading. Long term investing is a trading that just about anyone can be able to take part in. With long term investing I am able to correct some or all of my mistakes which is another great feature. Being a long trader, I usually pay way less taxes than I used to when I was an active trader. There are also low fees on brokers and trading fees as well as less risks since I don’t have to make rapid decisions.

For getting most out of one’s investment, my opinion is nothing different from yours. A person should always try to hold his assets as long as he can, especially when it is confirmed that they ripe with each passing day. Long term trading is the way to go. But as you know, this is not very easy. A person needs to be patient and also wise in his decisions. Making money has remained a challenging task since the times unknown certainly.

[xamxam]

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.     

Anybody here want to become a trader here mate, the really first thing you must do is learn about crypto, blockchain, trading, top coins or potential altcoins that are good for investing. Since you are new starter here you can begin with day trade and I think Kucoin is suitable for you to start with.

[ChrisPop]

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.     

The best advice I can give you is to start trading the higher  timeframes as they are more newbie proof sort to say. As you get more comfortable trading them and you think you can handle the sloppier price movement in the lower timeframes you should put a little bit of capital into it.

But remember mastering trading requires a lot of time and  you will have losses along the way.

[bitzizzix]

If you want to trade safely, you must trade in the long run to avoid losses and avoid worries about current market conditions.
it is difficult to trade in the short term for the current market situation unless you are truly an expert trader and that is also not a guarantee for you to get a good profit, because the market market situation affects trading.

[senne]

The choice depends upon your risk appetite.
But I always go for the combination of both. Majority of my portfolio is invested with a long term perspective. I keep shifting the stop losses which are usually not so tight. I am not a frequent day trader but when I  see such an opportunity I usually jump in trade. Long term trades usually have more risk because of the uncertainty that increases because of the longer time period. Also, people tend to put less money in day trading than in long term and stop losses are tighter in day trade which makes day trading less risky. So at the end it depends upon your risk appetite.

[pinggoki]

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.     

Daily trade or long trade, for me I prefer daily trade because in daily trade you will trading everyday and you can watch the real flow of money or the currency in which you will be updated in everytime you will trade. I prefer this than long trade because in daily you can earn daily than waiting for a long time.

[posi]

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.     

Anybody here want to become a trader here mate, the really first thing you must do is learn about crypto, blockchain, trading, top coins or potential altcoins that are good for investing. Since you are new starter here you can begin with day trade and I think Kucoin is suitable for you to start with.

I supported the part of the new crypto traders to learn about trading and they need to understand the TA and FA very well but doing day trading for new starter is dangerous cause day trading require grade experience with emotion (panic/patience) control. However, the mentioned seems not good either for newbie

[Bosx1ne]

I prefer to do intraday than position trading, I am aware that intraday is more risky than position trading because it requires a lot of skills because the price is too volatile. I keep using different tools and indicator for me to have foresight about its price.

[FlamingFingers]

I will pick long term trading as against day trading,  you have to stick to your monitor for almost 24 hours a day if you day trading,  the tension is there, controlling emotion is another problem as regarding day trading,  but long term trade,  you don't need to stay up with your monitor 24 hours  restraining your self from resting and keep monitoring chart,  day trading Return Of investments is also not as much as long term trading,  you are likely to miss the pump party if you day trade always

[Hippocrypto]

I will pick long term trading as against day trading,  you have to stick to your monitor for almost 24 hours a day if you day trading,  the tension is there, controlling emotion is another problem as regarding day trading,  but long term trade,  you don't need to stay up with your monitor 24 hours  restraining your self from resting and keep monitoring chart,  day trading Return Of investments is also not as much as long term trading,  you are likely to miss the pump party if you day trade always

You should be careful choosing long term trading, because some coins will go shitcoins after such a long time of trading. Not all developer will continue to support the community. It's good that you will be updated on daily basis in order that you could have information on how that coins is fully developed or not. Long term holding depends on how the project roadmap initiate a trusted demand.

[marcbitcoins]

Day trading is proven unsafe and waste of time now due to constant change of market movement which is become more unpredictable. Long term is good as long as you choose the best coin that proven good for long term investment like Bitcoin and Ethereum.

[bitrayder]

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.     

I think of the member here aiming to become one of the good trader pal, as far as I know learning is a good start here, reading here most of the time might also give help to us to gain more idea to a different opinion by others here. In fact, even we are newbie in this industry the safest thing is to hold the coin first before anything else right?

[bassbity]

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.     

Daily trade or long trade, for me I prefer daily trade because in daily trade you will trading everyday and you can watch the real flow of money or the currency in which you will be updated in everytime you will trade. I prefer this than long trade because in daily you can earn daily than waiting for a long time.

True, I like trading daily because profits can be earned every day, some people even suggest trading in the long term in my opinion it is not a good way, for now many daily traders are appealed for the long term.

[bohr]

I prefer to do intraday than position trading, I am aware that intraday is more risky than position trading because it requires a lot of skills because the price is too volatile. I keep using different tools and indicator for me to have foresight about its price.

It is not that intraday trading is more risky it is just that it is more difficult and for a newbie trader this can cause him to lose money, some of the difficulties include paying high commissions since you are making a lot of trades, the need to watch the markets very closely for hours, sometimes you could make the correct prediction about where the market will go but you cannot leave your position open and you do not benefit from that trade and finally if you use margin trading your losses can escalate really quickly.