Daily trade Vs long trade

[Bushrat Jahan]

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.     

[1713555748]

1713555748

[1713555748]

1713555748

[MKH]

I think long term trade is better than short term because trading is too much risky to all, so before starting trade you must have well knowledge about  trading otherwise you will fall in loss. You may try to buy low rate and hold it until pump or reach new value..

[wantjokull]

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 I learnt from the crypto is straight and simple, if you wait here then you get some bigger rewards but if you are going to be rush way then things can be bad for you. I am not saying 100% that day trading which is done over few minutes to 24 hours is bad or could be rushing one but I would say its kind of hog in cog to get some good profits from it. If you are serious about the crypto currency earnings then surely wait and watch how the market behaves and then accordingly take your sole decisions. I hope you could spot the differences if you ever see try both of them. Things can surely be messy in day trading if you are not alert and updated enough.

[cuenzy]

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.     

Depends on your risk appetite as well as your self assessment on where you think you enjoy the most. Some people can't bear the duration of long term hodling or trading and some found peace by not looking in trades every now and then. So it's really up to your bias.

[bitChipper]

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 in crypto is extremely hard and risky, most of the time you will make trades when you shouldn't.

Best advice is to hold long term coins you think will do well but have bitcoin or a stablecoin ready for when a coin dumps and you can make a quick swing trade.

History shows that long term holders make the best returns, only exception is if you are a master trader or have some kind of godly bot that crushes certain markets.

[trplzr]

My advice, daily trade will consume you, both in health and in taxes, do not be deceived, it is normal people find glamourous looking at several screens at the same time, working at home, wolf of wall street and etc, but the truth is another...

[prashanta]

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.    

For your kind information, 70% of all day traders lose greater than they make. maximum of them attempt it out for some time, and surrender in some unspecified time in the future. There are also a few who continue to be regular losers for years. You possibly may not lose hundreds in a be counted of hours - it is more likely you may slowly bleed out your account over numerous weeks or months. also, there may be no ebook, path, or youtube video obtainable that will turn you into a constant trader. so its upto you.

[Mahanton]

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.     

Most probably you would really need to practice yourself on doing basic trades either on short or longer ones but talking about short trading then it wont really be advisable to anyone specially for those people
who have recently know about trading because this kind of trading habit will require experience and knowledge on moving prices on a short time which means its more riskier rather than on doing swing or long trades.

[omonuyak]

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 and what matters is how skillful and knowledgeable you are in trading. Don't try to over trade in both holding for long-term or day trading and you should tried to understand what is risk management and how not to over trade.  In trading you should know that it is possible for you to lose all your capital in a day and like wise if you hold for long term lose the opportunity to sell at high price as you will always hope for better price. 

[Dart18]

If you are looking at the market this week then you will have the answer.
The movements was so little and there will be not much profit within it. It will just be as payment to the transaction fees which is not so good.
It is like just playing trade instead being paid to trade. 

Long term is risky but if you are lucky to pick the right one then it will be better than short term.
Example is Ethereum which is so cheap by now.

[perla]

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.     

Before it is too late, i suggest you to do long term trading,because with long term trading can make you be patient when holding your coins and because you don't have any experience, it is good to invest and hold not day trading.

[Ranly123]

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 trading is very complicated that you need to monitor the price of the coin you buy every now and then. It would be difficult if the price drops gradually and you cannot have profit the day after. So if you are a newbie on trading it would best suit you to try a long term trading and be patient.

[iamzill]

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.     

for a daily trading newbie I think it is the best choice than you have to trade long-term and that has a risk. Daily trading can be fully controlled by yourself and it can be used as a sustainable profit producer.

[BitHodler]

Daily trading can be fully controlled by yourself and it can be used as a sustainable profit producer.

What is that for nonsense? If even professional traders openly admit that it isn't possible to make profit in a sustainable manner, how do you expect people here to be capable of that?

Day trading is gambling. The only thing you hope for is that you end your trading session with a profit, and as stated before, that's not possible all the time. If trading was really as easy as you make it look like, we all would be trading our asses off.

Why can't people not simply be happy with long term hodling? If you're not sure about when to buy, then stick to dollar cost averaging, which is the most noob friendly way of entering a market.

[richminded]

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.     

Go for long term trading because day trading is quiet risky for a newbies like you.
While doing a long term trading, its good for you to learn the basic things about day trading and how much the risk you can afford to take because that moves can really make your money gone easily.

[yecats]

Daily trading for me  is  depending  on  quick  fluctuation  of the  price in a day    on the other hand  long term trading is way of a long term holding  for  a month. It's depend   your ability  if you can perform both   just  plan your trading ahead  of time.

[lornadane]

Day trading means the real trade, Long-term trade is not the actual trade, It is hodl system! As you are new and you have the passion to learn the trade, then I would recommend you to do day/ short term trade. Buy some coins with 50 USD and then get down to the trading ground! Loss and profits are proportional, so don't be fed up if you lose, hold tight your passion. Good Luck

[Reid]

You wont profit with daily trade so much by now.
It needs movement for you to create some difference with the price you bought it and how much you will sell it.
Better hold a coin that will last for a long time.
Bitcoin is a great choice.
I dont about what is happening with Ethereum but I also think it is a good way to start for little capital.

[exstasie]

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 beginner, I would stick to swing trading = charting on 4-hour, 1-day, 1-week timeframes. In general, that aims to leave positions open anywhere from 3 days to 1-2 months. With swing trading, it's much easier to implement simple trend trading methods. Intraday trading requires a different and more complex approach due to the choppiness of markets.

[herurist]

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 trading using long term period is better than daily trading, for people who doesn't have enough time this is good strategy. Long term period can make you learn and understand market works and think clearly to face market risk. Don't wasting time and money right now market have bad situation, I suggest you use demo account for practice first.