Daily trade Vs long trade

[Idrisu]

It completely depend upon the situation if the market and situation of the coin we choose in the market. Potential coin will need to wait for long term because we don't see any profit in short term but people who hold it long term will get most profits.

That is truth,  considering what has happened in the past.  We still remember when bitcoin was around 27$ and those that were able to buy then and hold till now are now in money.  If you want to invest in cryptocurrencies has long term in mind.

[1714598622]

1714598622

[maxreish]

As a newbie, it is better if you'll prefer some long trading. It is less risky and the profits are bigger than short trading. In fact, you will just sit back and watch the market to grow at your desire price before selling it.

[Aivaryamal]

When the market is in flet, you can trade daily and get a small profit and part of the deposit should be left for a long time, this strategy will help to get much more income

[thinkright]

It's best if you study more and through it, you going to get guided to which style of trade suits you. Choosing between these is a matter of priorities, preferences, knowledge etc. As you are a newbie you could start with long-term trade using price action and basic technical analysis.

[Distinctin]

It's best if you study more and through it, you going to get guided to which style of trade suits you. Choosing between these is a matter of priorities, preferences, knowledge etc. As you are a newbie you could start with long-term trade using price action and basic technical analysis.

I completely agree with you, different kind of trade, different approach needed.
And for anyone that is aiming for success, he has to put some time and best effort to learn and improve, when you figure out and made profit
already, just focus on it. Let's say I'm good in day trading, then I should not do long trade anymore, I can still make the same money doing long trade.

[mrdeposit]

Look at the strong support and resistance. It is almost certainly going to test the lows at 3200 in the next couple of months. I'm doing in big time as soon as it nears 3000. Waiting any longer for lower is very risky.

This depends on your tactic. On the contrary, there are many trader who choose short-term trade. We do not know when and how long term trade will result and I suggest evaluate opportunities in right time.

[bitcoin31]

To the people are willing to trade and you started as newbie I think purchasing coin is good and you will hold it for longterm because your knowledge is not like to me or to us who have lot of experienced in this fields and because if you are choosing daily trade possible you lose your money.

[KlepZ]

Yes, until your size starts moving the market too much. Straight up, if you can do it, it is more profitable. Even discouting leverage, it is more profitable because of higher volume and faster compounding as a result. Just look at HFT. In practice, it may not turn out that way. Day trading is more work and more emotional. There's more short term pressure to perform. It's harder to be consistent. For many, these disadvantages make day trading unprofitable.

[Best Dreams]

As a newbie, it is better if you'll prefer some long trading. It is less risky and the profits are bigger than short trading. In fact, you will just sit back and watch the market to grow at your desire price before selling it.

According to my experience it is good to trade for long term because now a day price is low if you will purchase some coin at low price for trading then selling it so early is a mistake, try to trade only when the price will be high, so for this you will have to wait for long term it is much better if you make place for long term trading because it reduces the risk of lose.

[Noilee]

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..

I agree, a long trade is best especially if you are a newbie traders. Because you are not too worried, and you can think well if what your next step. But its base on you if what skills do you have. But the best is just study both, so that you dont need to choose if whichever you want.

[Korkorjkk]

I will say go for long trades instead of the day trading. It is kind of tricky, after selling your coins then you realize you should have waited a while before selling. As for the long term trade, you set a specific target for a coin before you sell it.

[bitbunnny]

To the people are willing to trade and you started as newbie I think purchasing coin is good and you will hold it for longterm because your knowledge is not like to me or to us who have lot of experienced in this fields and because if you are choosing daily trade possible you lose your money.

Daily trading is much more risky and not only for newbies but for experienced traders too. It could be more profitable than long term trading but it's not for everyone,it's time consuming and takes a lot of dedication, knowledge and experience. So long term trading would be my suggestion, at least for the begininig until you gain some self confidence and experience.

[BayAngelo]

been a novice in trading requires a lot of practices. all you need for a start is a demo account and make sure you practise for a long time. Never every get your real money on exchange because you will definitely get burn and also try long term trading. it is better.

[Reatim]

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.     

Each of us here have their own reason why they investing some are for daily profits so daytrading is what comfortable they find and though this is very risky yet this is the most profitable here because if lucky you can multiple you money in just a matter of hours

And some is here just to trust the technology (ofcourse to profit also though thy can afford to sit long)they are the one who’s not caring about the price monitoring because they are looking for the long term effect of this technology to the world

But also you can do semi long term investing mate when you will wait until the amount you targeted to profit reached

[coingrowth]

I will say go for long trades instead of the day trading. It is kind of tricky, after selling your coins then you realize you should have waited a while before selling. As for the long term trade, you set a specific target for a coin before you sell it.

Yes, you are right long trading will get more beneficial compared to day trading. Of course, day trading will be beneficial in the trading but it will suite to the people who has very good experience in the trading. So long term holding is always for people who has unexperience in trading.

[Aivaryamal]

Every day I make sure that the results can be unpredictable in investing, as daily trading and long-term can be profitable, so it is worth taking it as a given, you will not be able to manage these processes in full

[Kimonoe]

for beginners, I recommend long-term trading on most of the capital you have. and use a small portion of our capital for short-term trading. so we can learn for short-term trading to get daily profits

[xSkylarx]

When I started trading my plan is to hsve daily trades but as the time goes I learn many things from it. You must dedicate your whole day for daily trading. Market can change in a few hours or even minutes. I'm more suited for long term trading, I just check my weekly portfolio to see if it went up or down. If up take some profit.

[miropp]

Well, for starters, you should learn as much as possible about trading. I think you should try long term trading. To trade every day you need to have an understanding of the market and how it works and be able to choose the right coins. If you do not know how to do it, it is better not to risk.

[oseikuf44]

As a newbie into trading, while learning the ins and outs of trading, you can invest in a long term trade by holding it till you are conversant with exchange, trading, depsoit and withdrawals, reading signals and interpreting news before you can decide to day trade.