Daily trade Vs long trade

[rmhuntley]

Better long-term trading, requiring science and engineering. If you do not master the daily trading science then you can lose. Better buy Bitcoins and trade long term only or continue until the price rises higher.

[bohr]

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.

And that is why most day traders fail, they do not get to understand that in order to become a day trader you need a very specific skill set that is not present in the majority of traders and that you need to train those skills over time, even if you are a very talented person and you read the right books it is impossible to be a day trader because it requires the highest level of concentration and ability to make decisions in a matter of seconds and to be consistent for months and years.

[bitbunnny]

Better long-term trading, requiring science and engineering. If you do not master the daily trading science then you can lose. Better buy Bitcoins and trade long term only or continue until the price rises higher.

It's hard to say if long term trading is better or not but it's definetely less demanding and less risky than day trading. Basicly everything depends on your personal preferences, competences and experience, how good you deal with risk and how much effort.and time you can invest in trading. But I wouldn't recommend daily trading for beginers.

[rose9696]

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.     

It depends on your ability. You know, you wouldn't be able to see Warren Buffett become the 3rd richest billionaire in the world if he were a trader. And you will not see Edward Thorp become a millionaire by making him hold and long-term investment like Warren.
So the point here is that you need to find your strengths and gradually upgrade it to improve it. Should you ask yourself, traders or holders will make you happier?

[Visbay]

Better long-term trading, requiring science and engineering. If you do not master the daily trading science then you can lose. Better buy Bitcoins and trade long term only or continue until the price rises higher.

Yes, exactly its much better to trade for the long term than day trading because in day trading you will be safe and will be happy about the price increase. In day trading sometimes people get stressed and take a wrong decision so better to trade for long term with this you can learn as we know trading is all about knowledge so never stop learning and trade for long term.

[panganib999]

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.     

Since day trades that lasts for seconds and  takes advantage of the short-term fluctuations of an asset's price, I think what suits you best is day trade since you are a beginner, because the positions are opened and closed within the same day so as a beginner you will be anle to see what you worked for on that same day. While long trade needs to be managed for months and years so if  a beginner will do it I don't think you'will find the will to finish or continue it.

[bohr]

Better long-term trading, requiring science and engineering. If you do not master the daily trading science then you can lose. Better buy Bitcoins and trade long term only or continue until the price rises higher.

It's hard to say if long term trading is better or not but it's definetely less demanding and less risky than day trading. Basicly everything depends on your personal preferences, competences and experience, how good you deal with risk and how much effort.and time you can invest in trading. But I wouldn't recommend daily trading for beginers.

Long term trading is better than short term trading in almost all aspects except one, the profits, which is the aspect all traders care about, so there will always be some traders willing to try their luck in day trading even if they are not ready and they will pay the price for their greed, it is better to begin your career as a long term trader and as you get experience and profits as a trader you can begin to short the amount of time you hold each trade until you become a day trader.

[grenrich]

I agree with the folks, you'd better start with long-term trading. It would safer for you, less stressful and severe than daily trading.
And I also would recommend you to carefully select the exchange you're to use. As the practice shows, exchanges like CEX (https://cex.io/) or Coinbase are very suitable for beginners like you.

[nickenburg]

It's really hard to trade a lot with the prices going down.
You really need to know the market and i think know something of economics/crypto to make a profit.

I like to Research a Coin/token and then just hold it for the longterm.
Made the mistake once to sell it to early (before the rise to $20k) and buy a new pc with my earnings.
Well that pc would be like 60k$ at the highest price.

So yeh the best would be to have a longterm price goal and sell it, and then maybe when the price goes down again you can rebuy.
And keep or reinvest the profits.

[Meowth05]

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.     

Based on my knowledge, these two different kind of trading cannot be compared to each other due to the fact they have their own advantages and disadvantages. However, for someone who don't have enough experience I would not recommend daily trade because this requires an intense technical analysis day by day. Therefore, long term would more likely fit for someone who recently enter this field.

[Barbut]

It's really hard to trade a lot with the prices going down.
You really need to know the market and i think know something of economics/crypto to make a profit.

I like to Research a Coin/token and then just hold it for the longterm.
Made the mistake once to sell it to early (before the rise to $20k) and buy a new pc with my earnings.
Well that pc would be like 60k$ at the highest price.

So yeh the best would be to have a longterm price goal and sell it, and then maybe when the price goes down again you can rebuy.
And keep or reinvest the profits.

For me, long term trading is more profitable than short term trading. I tried day trading and I had many more loses then profit after almost a year in trying, after that, I tried to buy and hold cryptocurrencies for the long term, some coins I hold for months before I sell them. For long term trading patience is needed, one more good thing comes from mid and long term trading, we aim for higher profits because after months price can be doubled even tripled.

[DevilSlayer]

Better long-term trading, requiring science and engineering. If you do not master the daily trading science then you can lose. Better buy Bitcoins and trade long term only or continue until the price rises higher.

Yes, exactly its much better to trade for the long term than day trading because in day trading you will be safe and will be happy about the price increase. In day trading sometimes people get stressed and take a wrong decision so better to trade for long term with this you can learn as we know trading is all about knowledge so never stop learning and trade for long term.

They got stressed in day trading because that strategy is not suitable for them. We cannot say long trade is more better than daily trade or vice versa. The answer about what is better between the two is subjective, it is really depends on the trader on what is more suitable for their skills and their personality.

[Sahyadri]

I used to maintain a long term portfolio but have stopped doing that since 2018. The reason being the relatively uncertain market and low volume which is not good for betting long term. So I am mainly focus on daily and swing trading. Through that I trade a particular trend and can exit without taking higher risk.
I doubt long term trade make any sense in crypto market. We need volume to trust it for long term.

[Yatsan]

The market keeps moving every day, and if you can take advantage of that moment every day, regular trading will make you earn profits easily, even though the profit is small, but at least you will earn income from your company every day. There's no long-term trading, because it's a holding and saving if you keep a coin for the long term and then sell it. Both have different profit levels and different risks and if you can do both I think it will be better.

holding and saving is basically a long term trading, in stock market long term trading is the term that is usually used, holding is just a new word for trading industry and just basically, invented here in crypto trading.


In my point of view, both trading strategies should be used by every trader's. That is what I am doing right now, I am holding Etherum and Bitcoin and I am doing daily trade with some other few coins. Basically what I do is just dividing my asset so it would not be a disaster if one coin dump, and with regards to my daily trade, I always close them before the end of the day, but if some coin dump I will hold it until it pump again so I will always win my trade, and yes, I set a limit-loss so I don't lose all my capital for that certain coin.

I used to maintain a long term portfolio but have stopped doing that since 2018. The reason being the relatively uncertain market and low volume which is not good for betting long term. So I am mainly focus on daily and swing trading. Through that I trade a particular trend and can exit without taking higher risk.
I doubt long term trade make any sense in crypto market. We need volume to trust it for long term.

Actually long term is the one that is really paying off in crypto, imaging if you are one of the early adopter of bitcoin and you didn't stack some coins, just like the 10,000btc pizza, What if he hold that bitcoin until now? Long term trading is the one that is a very good strategy with regards to crypto because, we have a limited supply but unlimited demand.

[Pinkris128]

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 don't recommend day trading for newbies because it is risky and it takes a lot of experience, skills and knowledge about trading that you are good in predicting the market and you need to watch the charts all day. Unlike in long term trading even it is not fast enough to make you a good profit, it is still a low risk for you to experience a huge loss.

[Triffin]

Better long-term trading, requiring science and engineering. If you do not master the daily trading science then you can lose. Better buy Bitcoins and trade long term only or continue until the price rises higher.

Yes, exactly its much better to trade for the long term than day trading because in day trading you will be safe and will be happy about the price increase. In day trading sometimes people get stressed and take a wrong decision so better to trade for long term with this you can learn as we know trading is all about knowledge so never stop learning and trade for long term.

They got stressed in day trading because that strategy is not suitable for them. We cannot say long trade is more better than daily trade or vice versa. The answer about what is better between the two is subjective, it is really depends on the trader on what is more suitable for their skills and their personality.

I think it’s more about market than traders because traders can trade for long ir short but he will take this decision according to market moves so for me when you are market is unstable and it’s not in your control you can trade for long term it’s better for us and if you see that market is not good the  best option is holding so decide according to market condition.

[Jiyens3]

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 see the market today. and this day being good day for daily trade. few altcoins has increase price and highest rise reach by bitcoin. so if you good for choose your coins you will get your profit in daily trade because its good time.
in my opinion you should to try in bitcoin, its easy to start than another coins or called altcoins

[Assface16678]

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 see the market today. and this day being good day for daily trade. few altcoins has increase price and highest rise reach by bitcoin. so if you good for choose your coins you will get your profit in daily trade because its good time.
in my opinion you should to try in bitcoin, its easy to start than another coins or called altcoins

In cryptocurrency, we have a different method to earn more coins, and it depends on us how do we want to obtain. One of those methods is trading. In trading, you must give a lot of time to study and knowing what different kind of techniques to win the trades like how to read graphs are and know when is the right time to buy and sell your money. In trading, we have different methods to earn first is the short term trading this one we can make daily and it depends on your prediction how much it will cost sometimes traders want to earn every 10 minutes it depends on your designated time frame. the coin suitable for this trade is the altcoins because they have the fastest change in the market. Next is the long-tern trading this one is good for bitcoin because it takes a long time before there are any changes in the market, usually it changes every month.

[pajak666]

Short term can bring bigger profits but require more time trade, which is kind of logical. Long term you need to take fewer actions which makes it perfect for people who don't want to spend a lot of time on it but eventually it will make less money. Short trading you have lower gains but you considerably increase the volume of your trading which can bring some serious loyalty program perks if you are doing good. Also you are less prone to back luck as you are usually way more diversified between various positions on different markets.

[Magkirap]

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 don't recommend day trading for newbies because it is risky and it takes a lot of experience, skills and knowledge about trading that you are good in predicting the market and you need to watch the charts all day. Unlike in long term trading even it is not fast enough to make you a good profit, it is still a low risk for you to experience a huge loss.

Indeed and also newbies most likely to be not into trading right after they enter the crypto world and yes it requires skills which can only be obtained through experience, yes you can search about how to do it but having it experience on your own is a lot more better. Newbies tends to stick on campaigns first when they first enter the crypto world because it is easier and only requires knowledge about the cryptocurrency and blockchain so for newbies go for long term and then while you wait for a price pump do some reaserch and study cryptocurrency deeper.