Daily trade Vs long trade

[NeironixNV]

I think it all depends on the psychology of the person, and the style of his trade, but I read on this https://neironix.io that a large number of transactions within a day do not always exceed the results of long-term transactions for a month.

[bohr]

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.

A demo account can definitely help you to evaluate if your strategy is any good and if you can make money with it but it is not the best way to learn how to trade simply because as we know despite what they claim many traders trade wit their emotions, you could have the best and most profitable strategy on the world but once the market begins to go against your predictions all of that goes out of the window and you begin to doubt yourself and your abilities as a trader.

[Aying]

It is your choice to go to day trading and long term. market is like a extensive playground that you can learn and play. with strategies that you may learn for your trading experiences you can reform your skills or obtain it from the other expert users. like in this forum, different methods they have shared with you. and you can employ it or even surpass it if you want. that way you can improve your trading ability and you will want to make a big profit later.

[JC btc]

All depends on you if you are the type of person that has time to do full time trading, then why not do trading. If you are the type of person, that has less time as you are also doing full time job then maybe a long term will fit for you.

Daily and long term trading are both good, what matters is that you are doing something that will help you and will increase your income.

[whyrqa]

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.

A demo account can definitely help you to evaluate if your strategy is any good and if you can make money with it but it is not the best way to learn how to trade simply because as we know despite what they claim many traders trade wit their emotions, you could have the best and most profitable strategy on the world but once the market begins to go against your predictions all of that goes out of the window and you begin to doubt yourself and your abilities as a trader.

Until recently, I always paid attention to forecasts and looked closely at many Signals in order to give myself confidence in obtaining good results from trading, but as it turned out, in most cases these Signals were aimed at misleading inexperienced traders.  I was convinced that daily trading, like long-term trading, has very good potential, but the results depend not only on the correctness of the selected coins, but also on the time that a trader has for his activity.  Daily trading is an almost uninterrupted observation of what is happening on the exchange.

[JessicaVL]

   
A trusted crypto trading strategy that works really well for newbies it to HODL. HODLing basically means to hold on for dear life, and is a form of long term cryptocurrency trading. It refers to riding out the highs and lows of the crypto asset industry, and is arguably less risky than day trading or short term trading. You should also look into trading on a marketplace like Vertex, as you can find great offers from other crypto traders and fees are often lower than exchanges.

[MathGame]

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.    

Honestly speaking you need to stay away from trading cryptocurrency as a beginner. You need to learn about cryptocurrency trading first. You can start learning about cryptocurrency trading on YouTube no need to pay for expensive courses. After you learn the basics of trading on YouTube then you can go ahead to the premium courses. As a beginner, you need to HODL and learn to trade at the same time.

[Landak]

All depends on you if you are the type of person that has time to do full time trading, then why not do trading. If you are the type of person, that has less time as you are also doing full time job then maybe a long term will fit for you.

Daily and long term trading are both good, what matters is that you are doing something that will help you and will increase your income.

If the job is full-time and wants to do daily trading, it can actually be done even though the profit is only small, there should be no problem, trading is only to increase side income from the salary. Or you/we can use big capital to make a lot of profit if trading is more important than a full-time job. (I personally do not really like long-term trading, can not be patient)

[topbitcoin]

All depends on you if you are the type of person that has time to do full time trading, then why not do trading. If you are the type of person, that has less time as you are also doing full time job then maybe a long term will fit for you.

Daily and long term trading are both good, what matters is that you are doing something that will help you and will increase your income.

If the job is full-time and wants to do daily trading, it can actually be done even though the profit is only small, there should be no problem, trading is only to increase side income from the salary. Or you/we can use big capital to make a lot of profit if trading is more important than a full-time job. (I personally do not really like long-term trading, can not be patient)

I think any strategy as long can give profit will be good. But do full time and daily trading is something that really hard to do. If you already good in it, it means you are a good trader and i hope profit always come to you. Because i have experience it by myself, it is really hard especially to manage time when we work from A until B, and then take a rest, and if want to do day trading with aim of short time profit, it means not much time to sleep for me.

[KennyR]

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.

Whatever kind of trading you want to do, definitely you have to consider your daily routine along with few other factors such as your control over emotions, your investment, knowledge about market and exchanges. These matter a lot in the field of trading. Day trading is hectic but you have constant source of income from it whereas long term takes time but generate huge profits.

Agreed, for day trading the capital required is big compared to that of the long term trading. With day trading without good knowledge about the basics of trading it is impossible to get good profit out of the same. When it comes to long term trading, what needs to be considered is the growth chart, based on which we can open the buy order and sell once again based on the market price. Long term trading doesn't assure with big profiting as said above.

[bohr]

Until recently, I always paid attention to forecasts and looked closely at many Signals in order to give myself confidence in obtaining good results from trading, but as it turned out, in most cases these Signals were aimed at misleading inexperienced traders.  I was convinced that daily trading, like long-term trading, has very good potential, but the results depend not only on the correctness of the selected coins, but also on the time that a trader has for his activity.  Daily trading is an almost uninterrupted observation of what is happening on the exchange.

And what you are describing is precisely why I am not a day trader, if you are a day trader then you need to watch the markets all the time and with something as volatile as bitcoin then even if you only miss a few minutes of the action on the markets you could miss when it makes a big movement, and even if you are watching the markets when it happens if you cannot take a fast decision by the time you are done thinking the movement may be completely over.

[cryptothreads]

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.

Whatever kind of trading you want to do, definitely you have to consider your daily routine along with few other factors such as your control over emotions, your investment, knowledge about market and exchanges. These matter a lot in the field of trading. Day trading is hectic but you have constant source of income from it whereas long term takes time but generate huge profits.

Everyone has different options but long-term investment seems safer than day trading. I have tried day trading in the past and the focus on charts makes it easy for me to panic and often sell if I lose more than 5% of my profit. I think day trading is hard work because you face daily risks and always focus a lot so just a small mistake will make you lose money.

Based on my psychology, long-term investment will be much better because there is no need to focus too much on price increases or decreases. It may take longer than expected but if there are high profits then I am willing to wait.

[yulionoo]

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.     

in my opinion daily trading is the best choice for a beginner like you. because a beginner is usually too difficult to leave the market for a long time. in my opinion short term trading minimizes risk and makes it possible for traders to make profits by exploiting market volatility every day. Short-term trading strategies require maximum time, so someone always looks at the market situation at any time. if indeed you really want to be a trader, in my opinion daily trading is suitable for beginners like you, because I'm sure you have plenty of time to learn about trading and at the same time you can also make a profit by trading.

[barabarian1]

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.    

in my opinion daily trading is the best choice for a beginner like you. because a beginner is usually too difficult to leave the market for a long time. in my opinion short term trading minimizes risk and makes it possible for traders to make profits by exploiting market volatility every day. Short-term trading strategies require maximum time, so someone always looks at the market situation at any time. if indeed you really want to be a trader, in my opinion daily trading is suitable for beginners like you, because I'm sure you have plenty of time to learn about trading and at the same time you can also make a profit by trading.

yes, I agree with your opinion, I myself will also say that daily trading is the best choice for a beginner. in my opinion the beginners still do not have the knowledge of technical analysis or strategy in trading, and in long-term trading many strategies are needed to be able to speculate for the future. so in my opinion, a beginner who really wants to trade, maybe the best first step is to do daily trading and over time they can try to do long-term trading.

[novaprime]

It is your choice to go to day trading and long term. market is like a extensive playground that you can learn and play. with strategies that you may learn for your trading experiences you can reform your skills or obtain it from the other expert users. like in this forum, different methods they have shared with you. and you can employ it or even surpass it if you want. that way you can improve your trading ability and you will want to make a big profit later.

I am always looking for a lot of people investment plans here and out of the 10 plans I have learned, only 3 of which I am most satisfied with and have made a huge profit from this market. In my opinion, day trading is really difficult but if you have enough knowledge, you can fully control your profit. I lost a lot of assets when investing and had a very bad time but things are different now and I can completely calm trading in this market.

[bohr]

Everyone has different options but long-term investment seems safer than day trading. I have tried day trading in the past and the focus on charts makes it easy for me to panic and often sell if I lose more than 5% of my profit. I think day trading is hard work because you face daily risks and always focus a lot so just a small mistake will make you lose money.

Based on my psychology, long-term investment will be much better because there is no need to focus too much on price increases or decreases. It may take longer than expected but if there are high profits then I am willing to wait.

You are touching a very interesting topic, even if you have the skills to profit from day trading the psychology of the trader is more important because you do not have any time to really think about what you want to do or what you think about the market like you can do if you are a long term trader, you need to take decisions in seconds and if you show any doubt about what you are doing then most likely you will make mistakes and as we know that can be quite costly.

[Tungsten-1]

Everyone has different options but long-term investment seems safer than day trading. I have tried day trading in the past and the focus on charts makes it easy for me to panic and often sell if I lose more than 5% of my profit. I think day trading is hard work because you face daily risks and always focus a lot so just a small mistake will make you lose money.

Based on my psychology, long-term investment will be much better because there is no need to focus too much on price increases or decreases. It may take longer than expected but if there are high profits then I am willing to wait.

You are touching a very interesting topic, even if you have the skills to profit from day trading the psychology of the trader is more important because you do not have any time to really think about what you want to do or what you think about the market like you can do if you are a long term trader, you need to take decisions in seconds and if you show any doubt about what you are doing then most likely you will make mistakes and as we know that can be quite costly.

I think day trading is for those who have ability to take decisions within seconds without taking any kind of pressure of getting panicked. I am going to say that mentality which you called psychology acts as the fundamental principal in day trading. If the person is optimistic and having great patience along with as mentioned earlier great wisdom are the things required to make a day trader a successful trader.

[logicgate]

Everyone has different options but long-term investment seems safer than day trading. I have tried day trading in the past and the focus on charts makes it easy for me to panic and often sell if I lose more than 5% of my profit. I think day trading is hard work because you face daily risks and always focus a lot so just a small mistake will make you lose money.

Based on my psychology, long-term investment will be much better because there is no need to focus too much on price increases or decreases. It may take longer than expected but if there are high profits then I am willing to wait.

You are touching a very interesting topic, even if you have the skills to profit from day trading the psychology of the trader is more important because you do not have any time to really think about what you want to do or what you think about the market like you can do if you are a long term trader, you need to take decisions in seconds and if you show any doubt about what you are doing then most likely you will make mistakes and as we know that can be quite costly.

I think day trading is for those who have ability to take decisions within seconds without taking any kind of pressure of getting panicked. I am going to say that mentality which you called psychology acts as the fundamental principal in day trading. If the person is optimistic and having great patience along with as mentioned earlier great wisdom are the things required to make a day trader a successful trader.

There is no doubt that day trading demands all these things which are not easy to be present in one person at the same time. To adopt all these qualities and make them habit, the day trader is required to put significant efforts to mold his or her nature accordingly. But once he or she has acquired what is required, the person is not going to suffer from any major losses rather will make huge profits.

[Kevondo]

Everyone has different options but long-term investment seems safer than day trading. I have tried day trading in the past and the focus on charts makes it easy for me to panic and often sell if I lose more than 5% of my profit. I think day trading is hard work because you face daily risks and always focus a lot so just a small mistake will make you lose money.

Based on my psychology, long-term investment will be much better because there is no need to focus too much on price increases or decreases. It may take longer than expected but if there are high profits then I am willing to wait.

You are touching a very interesting topic, even if you have the skills to profit from day trading the psychology of the trader is more important because you do not have any time to really think about what you want to do or what you think about the market like you can do if you are a long term trader, you need to take decisions in seconds and if you show any doubt about what you are doing then most likely you will make mistakes and as we know that can be quite costly.

I think day trading is for those who have ability to take decisions within seconds without taking any kind of pressure of getting panicked. I am going to say that mentality which you called psychology acts as the fundamental principal in day trading. If the person is optimistic and having great patience along with as mentioned earlier great wisdom are the things required to make a day trader a successful trader.

There is no doubt that day trading demands all these things which are not easy to be present in one person at the same time. To adopt all these qualities and make them habit, the day trader is required to put significant efforts to mold his or her nature accordingly. But once he or she has acquired what is required, the person is not going to suffer from any major losses rather will make huge profits.

If a person is determined to do something, nothing can stop him. Nothing in this world is an easy task.  In order to make big achievements, big sacrifices are supposed to be made. It also depends on the individual. If someone finds hard to day trade or gets afraid of it, he should go with other forms that will work fine according to his nature. Pushing oneself is not right, pushing oneself in the right direction is what needs to be done.

[Apened]

It is your choice to go to day trading and long term. market is like a extensive playground that you can learn and play. with strategies that you may learn for your trading experiences you can reform your skills or obtain it from the other expert users. like in this forum, different methods they have shared with you. and you can employ it or even surpass it if you want. that way you can improve your trading ability and you will want to make a big profit later.

I am always looking for a lot of people investment plans here and out of the 10 plans I have learned, only 3 of which I am most satisfied with and have made a huge profit from this market. In my opinion, day trading is really difficult but if you have enough knowledge, you can fully control your profit. I lost a lot of assets when investing and had a very bad time but things are different now and I can completely calm trading in this market.

Many investment plans is much better so younwill have many other options to make profit. However, in trading it needs your time to make sure that you can trade especially if you are a daily trader. Everyone starts with a worst trading experience and that experience gives lesson now that you can control you emotion and trading you may choose or either both have daily and long trade.