Daily trade Vs long trade

[Nexus77]

This cannot be equated between daily trading and trading in the long run because it is certainly very different and we should understand that long-term trading is the same as investing instead of trading

[baconlike]

I suggest that you do both, but if you don't have a lot of capital, then you should be able to do long-term trading so you can get a lot of profit, because if you apply long-term trading, the risk that threatens you will be less.

If you are a new person, I recommend that you choose the long way, old people with much experience should choose the short path and long-term combination, so better, so flexible will help them. We get more profitable levels.

[pungopete468]

I suggest that you do both, but if you don't have a lot of capital, then you should be able to do long-term trading so you can get a lot of profit, because if you apply long-term trading, the risk that threatens you will be less.

If you are a new person, I recommend that you choose the long way, old people with much experience should choose the short path and long-term combination, so better, so flexible will help them. We get more profitable levels.

experience is very important right now and we should be able to use it for the long term. just like today we should be able to start long-term investment

[illnino]

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 newbie, I will suggest you to trade for long term. It is much safe and risk free. On the other hand, day trading is not a easy work. A lot of experience is needed on day trading. It is much risky and hardy for a newbie.

Right, the beginner can make many mistakes if he starts to deal with the day trading. It will be much better to hold the cryptocurrencies and learn everything about them.

[Harkorede]

Daily trading might eventually yield more (cumulative profit) than long-term trading in the long run but, possess more potential risks. Daily trading requires more dedication of time, resources, and ultimately requires more skills and knowledge in trading as well.
 As a new trader you might want to try out long-term trading, as it requires less knowledge and skills while you garner more informations and knowledge about daily trading.

[Cacingkemi]

Daily trading might eventually yield more (cumulative profit) than long-term trading in the long run but, possess more potential risks. Daily trading requires more dedication of time, resources, and ultimately requires more skills and knowledge in trading as well.
 As a new trader you might want to try out long-term trading, as it requires less knowledge and skills while you garner more informations and knowledge about daily trading.

As a newbie dont do anything in the altcoin,I mean there was once a newbie who was determined to invest in an altcoin that he did not know after that the value dropped and destroyed.That was the experience of a friend who did not to know,well in fact it could only be believed in just BTC,dont invest in the altcoin my advice.Learn first before starting trading Both are very good if applied.

[Panko1991]

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.     

Hi, I recommend you to read a couple of books for trading before jumping into the ocean and if you really want to be a trader nothing can stop you. In my opinion daily trading is better for new traders. You will see the results almost immediately. Don't be greedy and don't forget that no one can get the maximum on the market. Good luck!

[futureofeth]

crypto currency trading require experience and skills if you are newbie then i will be advise you first learn trading because trading is risky without knowledge, you can learn trading  to watch some experienced traders videos in YouTube

Without knowledge, it is very bad to start trading, compared to other, cryptocurrency markets is a very huge volatile market which we cannot easily predict the market. So it is always good to gather as much information as possible before start trading in crypto's.

[sevenjoy]

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.

I think that both are good. Daily trade has its own benefits and longtime holding has its own. It is your choice and ability what you want to do. The aim is earning money no matter from daily trading or long term trading. In these days I think that long term in better option because there is no good sigs in the market for daily trading. When the market turns into good then start daily trading.

[cryptorima]

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.     

Obviously you need follow long term tarding. Cause day trading is very hard. As a newbie it is more hard to do it. So choose some good coins for long term and learn about day trading properly.

[trako]

The main difference is that the loss in the daily trade is lower than the margin. and cash in. For those who have more money than long-term trade needs.

[omonuyak]

Both day trading and long term trading has disadvantages and advantages and as a traders you will need to understand this before selecting the one that favor your trading plans.  I seriously believe that this is far more important than any other strategies in trading.  Remember,  that as a day trader, you do take the advantage of little price movement in other to make profit or loss and in long-term trading the little price movement is not your concern.

[supermine]

I think day trading will be extreme hard for the newbies so you need to learn the basics of trading by doing long term trading at the initial stages and the find your trading pairs for the day trade then be a daily trader when you got enough experience but long or short term trade should be determined by you and your intention of why you want to be trader.

[suzanne5223]

I suggest that you do both, but if you don't have a lot of capital, then you should be able to do long-term trading so you can get a lot of profit, because if you apply long-term trading, the risk that threatens you will be less.

This was in deed a bad advice for someone who is yet to have proper knowledge of fundamental and technical analysis becasuse the OP stated that he/she is still a newbie. However, I believe the best for the OP to start trading is using the long term method but must till it Thanksgiving because another dump in price will occur during that time then he/she can sell when it ATH

[KorakPawon]

Well it depends on your necessity, your investment, and your bravery to take and go beyond the save zone. to figure it out, I think you should try both to see how it works. After that, you'll know the advantages and disadvantages of both trading. Understand the pattern and the benefits for you, which one gives you more, learn and be expert by your own experiences.

[tailwate07]

Daily trade for me is the best suitable in our community to watch what will happen and to know all peoples also in day trading.

Either it is daily trade or long term benefit is present everywhere if your position is strong that is to have enough trading knowledge in order to make sure your survival in the crypto market, this will enable you to think for further improvement or future targets. Bitcoin is best for long term with high potential of producing huge profit and you can consider as a high degree trade, buy right now and follow the market rules.

[shipon01683]

I suspect it is less. But I am pretty certain it is more stressful. Probably different personality types are attracted to different investment styles. Not sure I could handle it.

Also day trading is a full time job. Long term investing can be done outside of office hours. A society of investors is plausible; a society of day traders is bonkers.

[Whosdaddy]

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.

In my opinion daily trade is better than long trade because in daily trade you can make money on daily basis and if you have the ability of daily trade then there is no need for any other work. Daily trade will give you such a good profit that you can overcome your daily needs easily. On the other hand long term holding is better if you no need for money in short time.

It depends on you as an individual, but every form of trading is good as long as you know what you are doing. What makes day trading different is that you are using the market fluctuation in the least short term to make buying and selling decisions which gives you room for huge profit as well as easy losses as the case may be, depending on your level of knowledge to be able to handle the risks.

Everything with huge potential earning most of the time will always come with risks, so you have to understand those risks and make sure you are really taking the right step. Long term trading for me is the best if you know you cannot cope with market noises and short term decisions but you will really need a huge amount of money to get the best from this.

[ausbit]

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 or beginner in this industry, you should experience both in order to know. Day trading is quite risky since you'll never know what would be the right time in a day to trade because of price variation while Long term trading is more risky than day trading. WHY? because long term trading is that you are hoping to gain with uncertainty, it is a shot in the dark.

Well, experiencing both is not a bad idea, but what is important mostly is to understand the level of risk involved in the both of them. Daytrading is about making intraday trading decisions and that is not something that actually comes in pretty easy considering the fact that we are in a very volatile market and in that case you really want to be very careful the decisions you are making.

Day trading is something that can be profitable, but you can lose a lot if you take it levity, but long term trading is something you can easily learn and you do not have to worry at all about all the intraday market noises.

[emmybd]

In my opinion, you should go for long-term trading first, after spending some time with long-term trading you would gain quite a lot of experience then you can do day-trading easily, but you have to be extra cautious.