Daily trade Vs long trade

[WatchMaker]

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.     

Day trading is too risky, you better leave that to the professionals. Long-term trading is best suited for beginners - that is also known as "HODL". Day trading requires some trading skills, as a beginner you need to learn about trading first before you get started. Go to YouTube and you will find some helpful tutorials. 

[1715033164]

1715033164

[1715033164]

1715033164

[1715033164]

1715033164

[1715033164]

1715033164

[1715033164]

1715033164

[1715033164]

1715033164

[bassbity]

The best answer for me is depending on one person time and capability to cope with the trades because we know that these two have both their own consequences and we need to know within ourselves what is the best thing and time for us to trade. Where if we are not that so patient in waiting trades we can do daily trade and if we have a good patience we can invest or do long term trade plans accordingly.

These are indeed two most important factors to be considered when you are to decide the mode of making money in this diverse market of crypto currencies. There are many options like you can go for investing into big coins and save them for months. You can opt trading as your course but for that check out for time availability and patience.

I think for a newbie it is better to buy a coin and hold it for months it will be better, compared to trading daily, on average a newbie has no experience in trading daily because he has not been able to see the correct chart in which direction he is heading, so it will be more good study first and then do the daily trading.

[gandame]

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.     

Maybe try daily trading because you are a newbir study how to trade daily so that you can get profit everyday.
Long trade is for those have big capital and they want a big profit so that they will wait for a long time.

[Fredomago]

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.     

Maybe try daily trading because you are a newbir study how to trade daily so that you can get profit everyday.
Long trade is for those have big capital and they want a big profit so that they will wait for a long time.

You can try both from splitting your capital, long and short trading have it's own advantages you can try your own style that will fits to your attitude.
A lots of misconceptions that being misinterpret by people who wanted to experienced this venue of business, it isn't a quick to rich access where you can easily take profits. There's always reasons and you need to find those factors by trying bot short and long term investment.

But before anything else, you need to understand how everything works so you are aware of any risk that will show up while working inside.

[oktana]

Determine the right strategy for your understanding first.

if often online, daily trading can be run with a moderate to low percentage of profit. Don't expect more and have to divide the order to avoid confirmation from the failed chart. Long trades are good for high profit percentages that are analyzed 1w but must be critical with daily charts too. Both can run if it is ripe in reading the open position

[zeze18]

Determine the right strategy for your understanding first.

if often online, daily trading can be run with a moderate to low percentage of profit. Don't expect more and have to divide the order to avoid confirmation from the failed chart. Long trades are good for high profit percentages that are analyzed 1w but must be critical with daily charts too. Both can run if it is ripe in reading the open position

to do a daily trading nowadays is not require to online often anymore i think.
There are already many exchanges that have stop loss feature, and also a notification when the price is surpass the value that we set before.
So, we'll just determine when we want to sell and when we want to stop loss in every trade.

[supercanada1]

Determine the right strategy for your understanding first.

if often online, daily trading can be run with a moderate to low percentage of profit. Don't expect more and have to divide the order to avoid confirmation from the failed chart. Long trades are good for high profit percentages that are analyzed 1w but must be critical with daily charts too. Both can run if it is ripe in reading the open position

Day trading or short term trading is often recommended to be carried out with altcoins and we all know that altcoins easily fluctuate daily but do not show significant increase or decrease in value. So yes if you want small profits but frequently then go for altcoins but if want some huge profit, and then go with bitcoin trading but it requires time.

[Apened]

Determine the right strategy for your understanding first.

if often online, daily trading can be run with a moderate to low percentage of profit. Don't expect more and have to divide the order to avoid confirmation from the failed chart. Long trades are good for high profit percentages that are analyzed 1w but must be critical with daily charts too. Both can run if it is ripe in reading the open position

to do a daily trading nowadays is not require to online often anymore i think.
There are already many exchanges that have stop loss feature, and also a notification when the price is surpass the value that we set before.
So, we'll just determine when we want to sell and when we want to stop loss in every trade.

You have a good point there since anyone can do trade but you need to still monitor your trades at skme moment because all the time it is good to leave your position. This is applicable only for mid to long trade that you think will takes time in. Moving uo or down. Identify the type of trade then go with your plan and relax.

[bohr]

First of all if you yourself think that you're a noob trader, then be it daily or long term, you are probably gonna screw the trade. It's always preferred to try demo trading before jumping to actual trading. Daily trade is not easy to start with because it requires tight stop loss and quick decision making. People usually bring emotions in such trades. So, I wouldn't suggest day trading to you at all. Long term in cryptos is comparatively less risky but it still needs constant check on the market. You can only analyse trends and market movements, if you're are well versed with the TA.

Some recommend that you should use a demo account to trade the markets and learn that way but I have always thought that it is futile, when you are using an account in which you are not using money you're not going to feel the same emotions when you're winning and when you're losing than when you use a real account, you will be completely unprepared to deal with those emotions when you trade for real and knowing how to deal with your emotions is critical if you want to be a successful trader.

[Apened]

First of all if you yourself think that you're a noob trader, then be it daily or long term, you are probably gonna screw the trade. It's always preferred to try demo trading before jumping to actual trading. Daily trade is not easy to start with because it requires tight stop loss and quick decision making. People usually bring emotions in such trades. So, I wouldn't suggest day trading to you at all. Long term in cryptos is comparatively less risky but it still needs constant check on the market. You can only analyse trends and market movements, if you're are well versed with the TA.

Some recommend that you should use a demo account to trade the markets and learn that way but I have always thought that it is futile, when you are using an account in which you are not using money you're not going to feel the same emotions when you're winning and when you're losing than when you use a real account, you will be completely unprepared to deal with those emotions when you trade for real and knowing how to deal with your emotions is critical if you want to be a successful trader.

That's right, because you are confident and it doesn't matter either you win or loss its only a demo so you emotions are not capable of being in the same way in a live trading. There is always a big difference. But the main thing is to evaluate how you trade and what strategies will fit in your trades either daily or long trade.

[rodel caling]

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.     

Yeah long term trader is a profitable but need to wait a lot of time to make profits unlike day trade is the best way to get an daily profits.
Then I advise with mate you need to study well and research a guide how to become day trader, time focus is very important in day trade if you lack of time just stay at long term trade do not enter into day trade your in the risk.

[huige007]

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.     

Yeah long term trader is a profitable but need to wait a lot of time to make profits unlike day trade is the best way to get an daily profits.
Then I advise with mate you need to study well and research a guide how to become day trader, time focus is very important in day trade if you lack of time just stay at long term trade do not enter into day trade your in the risk.

Day trading will require a lot of time before you can even start day trading because it is so risky because of the volatility in the market. It is good to be a position trader rather than a day trader because you don't have to be an expert in technical analysis to make profit through position trading because you just need to learn the basics of technical analysis.

Day trading is not risky, it is just a bit trickier than other forms of trading. Moreover, it is not possible to day trade without volatile coins. Trading means making money by buying and selling. Everyone tries to get an asset at low price and sell it high. If the price of an asset will remain constant, trading becomes impossible. Bitcoin is the most fluctuating one, so it is chosen by day traders.

[atjiat]

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.     

Yeah long term trader is a profitable but need to wait a lot of time to make profits unlike day trade is the best way to get an daily profits.
Then I advise with mate you need to study well and research a guide how to become day trader, time focus is very important in day trade if you lack of time just stay at long term trade do not enter into day trade your in the risk.

It seemed to me that it was daily trading that gives the best results of all possible, but for this you need to always spend a lot of time to control everything that happens on the exchange and monitor all your orders.  Longer trading is almost a short-term investment, which in any case can bring profit after a long time.  Therefore, it seems to me that everyone can engage in that type of trade, which is more profitable for him and is suitable not only for the mode of life, but also for knowledge and experience.

[bitbunnny]

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.     

Yeah long term trader is a profitable but need to wait a lot of time to make profits unlike day trade is the best way to get an daily profits.
Then I advise with mate you need to study well and research a guide how to become day trader, time focus is very important in day trade if you lack of time just stay at long term trade do not enter into day trade your in the risk.

Day trading will require a lot of time before you can even start day trading because it is so risky because of the volatility in the market. It is good to be a position trader rather than a day trader because you don't have to be an expert in technical analysis to make profit through position trading because you just need to learn the basics of technical analysis.

Day trading is not risky, it is just a bit trickier than other forms of trading. Moreover, it is not possible to day trade without volatile coins. Trading means making money by buying and selling. Everyone tries to get an asset at low price and sell it high. If the price of an asset will remain constant, trading becomes impossible. Bitcoin is the most fluctuating one, so it is chosen by day traders.

I.wouldn't agree that day trading isn't risky. Yes, that depends on daily volatility and that exactly makes is more risky and requires additional skills. You need to know how to juggle with all this price changes on a daily basis and when and which move to make.
To my opinion for not so skilled and experienced traders long term trading is better option.

[DeathProxy]

For newbies i think long term trade is the best. Due to the high volatile nature of crypto market any novice crypto trader going into day trading will eventually incure huge loss. In order to reduce risk and loss margin its advisable that newbie trader go for long term trade l
Pattern, where they can just hold crypto token of their choice and sell at a price once it hits their target

[alan2here]

For newbies i think long term trade is the best. Due to the high volatile nature of crypto market any novice crypto trader going into day trading will eventually incure huge loss. In order to reduce risk and loss margin its advisable that newbie trader go for long term trade l
Pattern, where they can just hold crypto token of their choice and sell at a price once it hits their target

I think new investors will often be very impatient in trading and they cannot control their assets so they are the most easily failed investors in this market. We all have our own fears about investing and this market is highly volatile, making it difficult for us to make long-term or short-term investments. Even if you are a good investor, you cannot avoid losing money in this market because no one can predict what will happen next.

Sometimes I feel very tired about this market but I still have to try to make money because this is the only place I can be financially free and not controlled by anyone.

[karanggatak]

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, all choices depend on your daily schedule. if if you have a lot of free time every day, I think daily trading is suitable for you to do. but if every day your time is too busy with other jobs, I think long-term trading is right for you. But before you decide on these two strategies, you must learn the basics of crypto trading. You can also ask various suggestions to friends in this forum, if there is something you need to know later.

[kanayaTabitha]

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.     

You can do both, long term trade is for your investment and also daytrading to practice your trading skills and technical analysis.
Furthermore the technical analysis is usually works on daytrading, but for long term trade fundamental analysis work more.
So, as a beginner is recommended to use 50% or less to practice a daytrading

[zidanw]

For newbies i think long term trade is the best. Due to the high volatile nature of crypto market any novice crypto trader going into day trading will eventually incure huge loss. In order to reduce risk and loss margin its advisable that newbie trader go for long term trade l
Pattern, where they can just hold crypto token of their choice and sell at a price once it hits their target

Long-term or daily actually depends on each trader because beginners themselves if they have a daily interest from the beginning will certainly do more learning to be able to understand market patterns and also various indicators that must be learned when trading. actually trading is identical daily because the long term itself is more investment than the mention of trading.

[the rise]

You must use the Long-Term strategy because beginners will not feel panicked because of rapid fluctuations, profits can also be targeted starting at 10%. My point is that after placing an order, there is plenty of time to study the basic trading charts and what conditions will occur when floating.

If you have targeted daily trading and daily profits from the start, your capital will decrease very quickly because you only think of cutloss and small profits.