Long Term VS Daily Trading

[Colt81]

I don’t understand what you’re here for anymore, being introduced to this forum to market IEO/ICO companies and only turning to the trading discussion board to learn. I hope you elaborate on your story on how you came to this.

Anyways, I think most of the part of long term and short term trading has been discussed by others who posted before me here. I want my approach too. Let’s start with Daily Trading

Daily Trading:

• You trade daily and concerned with ending the day either in profit or in a loss.
• You are called a scalper
• You choose to check multiple charts in which satisfies your condition
• You are at a fast pace, using a fast trading strategy. (SMA Cross, Ping Pong, etc.)

Long term Trading:

• You are not concerned with the daily profit or loss, you are looking at the future possibilities
• Not affected too much by emotions of the regular results
• You are a swing trader
• Probably have a reliable strategy that you believe in (Elliot Wave, Fibonacci, etc.)

That’s just my take on when I encounter short and long term trading. I would like to have my strategy that fits my style, and I’m leaning more into the Long Term trading strategy. Where I bet on my skills on plotting, hoping that it’s a winning trade.

This is all precisely correct. Trading is really risky whether it is in long term or daily trading because you are using your money to earn huge money. In my own opinion, you should be trying daily trading because you can earn more faster and you can avoid overnight risk, but daily trading is riskier that long term trading because you might get empty handed due to huge losses, that is why you need to have a lot of experience in trading and you need to have a time management because you need to watch the market's movement every time and to avoid a lot of mistakes in trading.

[Meowth05]

Hello everyone, I was introduced to this forum by a friend who advice me to be marketing IEO/ICO companies but I see trading as the only thing I picked interest and willing to spend time here to learn. As a result of this I have dedicated 5 - hours daily to learn about crypto tradibg here in the forum since my research only keep me discouraged and scared due to their negative emphasis. I will like to know the difference between shot term and long term trading and the one that is much profitable. Also the different risk involved in both.

Best Regards

CHRIS

Day trading happens only in a single amount of time probably a minutes, taking the advantages of short-term fluctuations and this only occurs within the day while long term trading takes a months or even a year, basically you only need to the HODL technique from this one. Regarding which of them will be more profitable I think it is still depends on the liquidity of the market. In day trade you can only earn a small percentage of profit compared to long term but in total percentage of your profit within months or year, you could be somehow get the same amount of return.

[Hamphser]

The best way to know what's best for you is to try which is more comfortable for you that would suit your trading style. Everyone has their own trading style that suits to their strategy either long term or short term. Both has had their own pros and cons, it is only you who can answer to your question once you try it on your own. We are just giving you a heads up here so that it will be easy for you to trade on your own soon.

[target]

Day trading isn't easy to do. Swing is going to be your best strategy since the price could go drop to 5% to -5% that's your chance to earn bucks, all you need is to wait for the price changes and this normally happen within a week. Long term however is literally going to make you wait for long period of time. That means waiting til you see bullrun.

[Darooghe]

I know a few people in our circle of friends that really is into day trading bitcoin. They are posting their profits every time they made a good day out of that. Also, Shorters seem to enjoy this current situation in BTC right now. Instability in prices is like the waves of the Shorters in surfing. Hence, day trading can be profitable but only if you're better than the average trader and good at managing risk, and coping with stress.

However i highly recommend to trade the more longer term swings in the market which are easier to predict and don't cause as much stress. although it requires a lot more patience, and sometimes you have to wait many months for your trade to work out. easiest and probably most profitable for most people long term is to just accumulate Bitcoin now as long as there is an 50 percent discount from ATH and wait for the next bull cycle to begin.

[MathGame]

I suggest long-term trading because it is more profitable more especially if you are HODLing bitcoin. I don't recommend long-term trading for altcoins rather day-trading for easy profits. Altcoins are seasonal, unlike bitcoin which always recovers after the crash many altcoins die forever after the market crash.

[Jellachrist]

Always makes me excited when discussing trading, because in my opinion playing trading must have the ability to read the market.
If you don't have the ability to try trading right away, I'm almost certain that the capital will be exhausted soon. There are two types
of trading inside this is the first long term and the second daily trading. For long-term it is easier to do because you only need to buy
coins then set a target sell, usually for long-term it requires a minimum of more than 1 year to enjoy profit. And if daily trading must
choose the right coins because this strategy must find coins that have fast movements or volatility high. Because daily trading targets
the profit earned per day. So it's not just anyone can use this strategy, especially for newbies not advised to play daily trading because
it is too high risk. Both trading strategies require a thorough analysis so that they can make the right decision.

This is amazing I beginning having confidence of I can do it I see there are lots of genus here who are willing to teach newbies at any time if only they are willing to learn I must confess its not easy but am excited I have come across so many good opinions and it makes me feel am already a potential trader. I will learn to be careful to be on a safer side. The first time I see the displace of cryptocurrencies exchange it looks nagical to me but now I started getting some inserts.

[Jellachrist]

Hello everyone, I was introduced to this forum by a friend who advice me to be marketing IEO/ICO companies but I see trading as the only thing I picked interest and willing to spend time here to learn. As a result of this I have dedicated 5 - hours daily to learn about crypto tradibg here in the forum since my research only keep me discouraged and scared due to their negative emphasis. I will like to know the difference between shot term and long term trading and the one that is much profitable. Also the different risk involved in both.

Best Regards

CHRIS

Trading is indeed the best way to earn bitcoin and it is possible to earn a living through it! However, long term trading which is also known as swing trading, is not a very suitable style of trading for a lot of people unless you invest a large sum of money! Because in long term trade, less numbers of trades are executed so you need larger amount in profit.

On the other hand, in day trade you will need to ride on the small changes in the market which doesn't require a lot of capital and you tend to execute more number of trades with small profit to make it up for you!

I would rather request you to visit youtube and learn about various trading strategies! You will find a lot of channels to learn there. I can personally name "Crypto Love" and " Bitcoin for beginners" because I got immensely benefitted from them during my initial days! Good luck!

Thanks for your kind  words I really appreciate I will take time to watch your referred Youtube videos to gain more knowledge about trading and I will prefer the daily trading just like you said I may take it as life time job if it goes well for me thats why I took much of time here to acquire the knowledge of this trading.

[Jellachrist]

Try risking a little bit of money. Maybe that way you could learn more.
Sorry for my offer but I learned trading the difficult way. Mostly I lose at the first time but as it goes on I got the catch of it and got hooked in a sudden.

The 1st and 2nd one may be bitter but the third and fourth may become the sweetest of all. Won the trade converting it to USD but I learned it should not also be that way.
Try making more bitcoin if you are aiming for it or the altcoin that you prefer.
You should be getting more of that than how it is converted with USD.

Sure you right practice makes perfect I know I can't do it all theoritically I will ensure I start soon and make sure I put in my best to appreciate all the efforts of those who help me with different opinions here. I know its not going to be easy since many people have pass through the process and made I believed I will not be excepted I will share here my achievement in no distant time.

[Jellachrist]

Nice that you'll be putting time and effort to research first before entering trading that's a good start, if you have knowledge in stock market then it can be easy for you, you just need to study the main crypto you'll invest with and the better exchange. For long term better invest in top coins and for day trading if you have time to watch and read news then go for active developing products of altcoins.

Thanks for your motivational advice I will ensure I followed all instruction so I can aim higher. Daily trading is what I will focus on because I only have little start up capital I really appreciate you all.

[Jellachrist]

In longterm trading you really need to study the coin that you want to buy. This is so you can see what it can do to raise prices. As such their future developments will give them high demand for its prices to rise.
In short term trading you just have to look at a coin's chart and you will find that here is the hourly movement of its price, This is what you must study to get the timing where you can buy cheap and sell immediately.

All good but can you tell me the coins that are really good to invest on long term? Though I prefer to go for short term trading now but as a future potential trader I see my self I will love to even learn ahead so that my aim will be easier as time goes.

[leowonderful]

There's a ton of work involved in either type of trading, though I have observed that most beginner traders and newer traders tend to have better luck trading on longer timeframes because there's much less noise in larger timeframes, and it's also usually pretty easy to discern what the trend is when you zoom out a bit. The problem is knowing when to stop going in one direction and when to potentially start to trade in the other way, but with daytrading you've generally got more things to worry about and watch. No matter what style of trading you choose, though, make sure you've got a risk management plan in mind! Make sure the risk to reward ratio of each trade you make is appropriate, or don't make the trade.

[bitzizzix]

It all depends on their needs and circumstances, because to do daily trading they do it because of the needs that must be met and only expect income from trading results and in my opinion they have mastered and experts because of the needs that require them to trade every day and must continue to monitor the market and graphics as often as possible and it has become part of their work.
and most long-term trading is controlled by those who already have a permanent job or a steady income because their needs are met from the results of their salary, and long-term choices are their best choice without concern and are not required to continue to monitor the market situation, because they trade without limits time and just waiting for the highest price to sell it even though it takes a long time.

so you choose a trade that suits your circumstances and needs.

[Kevondo]

The best way to know what's best for you is to try which is more comfortable for you that would suit your trading style. Everyone has their own trading style that suits to their strategy either long term or short term. Both has had their own pros and cons, it is only you who can answer to your question once you try it on your own. We are just giving you a heads up here so that it will be easy for you to trade on your own soon.

In the beginning, it is best to consider oneself as a long term trader and learn the behavior of market to the extent where it becomes easy to predict the next change. Once more understanding is developed, it becomes easy to day trade. The ultimate goal should be day trading. It is far more beneficial than any other form but this is only possible if the asset is bitcoin. Day trading demands volatile asset.

[Best Dreams]

I don’t understand what you’re here for anymore, being introduced to this forum to market IEO/ICO companies and only turning to the trading discussion board to learn. I hope you elaborate on your story on how you came to this.

Anyways, I think most of the part of long term and short term trading has been discussed by others who posted before me here. I want my approach too. Let’s start with Daily Trading

Daily Trading:

• You trade daily and concerned with ending the day either in profit or in a loss.
• You are called a scalper
• You choose to check multiple charts in which satisfies your condition
• You are at a fast pace, using a fast trading strategy. (SMA Cross, Ping Pong, etc.)

Long term Trading:

• You are not concerned with the daily profit or loss, you are looking at the future possibilities
• Not affected too much by emotions of the regular results
• You are a swing trader
• Probably have a reliable strategy that you believe in (Elliot Wave, Fibonacci, etc.)

That’s just my take on when I encounter short and long term trading. I would like to have my strategy that fits my style, and I’m leaning more into the Long Term trading strategy. Where I bet on my skills on plotting, hoping that it’s a winning trade.

Well after reading this I got to know one thing that you really have good knowledge about both the Day trading and Long term trading. I like getting knowledge because i know any kind of trading you use but you will have to get Knowledge. I personally like to trade for long term as it does not need to keep eyes on market all time also it reduces risk, i can easily concentrate on my daily job so, i like long term trading.

[Barbut]

I don’t understand what you’re here for anymore, being introduced to this forum to market IEO/ICO companies and only turning to the trading discussion board to learn. I hope you elaborate on your story on how you came to this.

Anyways, I think most of the part of long term and short term trading has been discussed by others who posted before me here. I want my approach too. Let’s start with Daily Trading

Daily Trading:

• You trade daily and concerned with ending the day either in profit or in a loss.
• You are called a scalper
• You choose to check multiple charts in which satisfies your condition
• You are at a fast pace, using a fast trading strategy. (SMA Cross, Ping Pong, etc.)

Long term Trading:

• You are not concerned with the daily profit or loss, you are looking at the future possibilities
• Not affected too much by emotions of the regular results
• You are a swing trader
• Probably have a reliable strategy that you believe in (Elliot Wave, Fibonacci, etc.)

That’s just my take on when I encounter short and long term trading. I would like to have my strategy that fits my style, and I’m leaning more into the Long Term trading strategy. Where I bet on my skills on plotting, hoping that it’s a winning trade.

Well after reading this I got to know one thing that you really have good knowledge about both the Day trading and Long term trading. I like getting knowledge because i know any kind of trading you use but you will have to get Knowledge. I personally like to trade for long term as it does not need to keep eyes on market all time also it reduces risk, i can easily concentrate on my daily job so, i like long term trading.

It’s written everywhere, the same lines. And if you try to trade, or hold, you have probably been in many different situations. Handling problems or difficult situations is a learning process. We can read what others teach us
but if we don`t try that in practice it’s hard that we will learn something more. Theory and practice are two different things.
I tried daily trading and all I just lost money, it’s not for me. After a couple of months of daily trading where I had just few profitable days, I decided to stop and not doing that ever again. I invest in coin and I hold it for months and some of them for years now, waiting for their prices to rise.

[alan2here]

The best way to know what's best for you is to try which is more comfortable for you that would suit your trading style. Everyone has their own trading style that suits to their strategy either long term or short term. Both has had their own pros and cons, it is only you who can answer to your question once you try it on your own. We are just giving you a heads up here so that it will be easy for you to trade on your own soon.

In the beginning, it is best to consider oneself as a long term trader and learn the behavior of market to the extent where it becomes easy to predict the next change. Once more understanding is developed, it becomes easy to day trade. The ultimate goal should be day trading. It is far more beneficial than any other form but this is only possible if the asset is bitcoin. Day trading demands volatile asset.

Depending on the preferences of each investor because it is not always lucky to make a good profit from this market. I think if you are good at day trading then you will always know how to make good profits but to be able to reach this level you need to have a lot of experience in investing. I have met a lot of day traders and most of them are very comfortable and don't feel pressured when the market turns red.

In fact, everyone wants to be able to do this but the day trading is not suitable for small investors like me so I still choose long-term investment because that is the only way to make me good profit.

[Ararbermas]

Hello everyone, I was introduced to this forum by a friend who advice me to be marketing IEO/ICO companies but I see trading as the only thing I picked interest and willing to spend time here to learn. As a result of this I have dedicated 5 - hours daily to learn about crypto tradibg here in the forum since my research only keep me discouraged and scared due to their negative emphasis. I will like to know the difference between shot term and long term trading and the one that is much profitable. Also the different risk involved in both.

Best Regards

CHRIS

both manner are profitable mate and it always depends on the coin you want to invest .  What i mean this both is just a strategy only wherein you can make few dollars.  Short term are for those have potential to grow in just short time.  And it is good strategy especially if you want to accumulate qyick profits.  And of course long term is for long run and must have patience ,wherein make sure that the coin you want to invest are good and will fit for long run to receive a good return at the end. 

[tenakha]

Hello everyone, I was introduced to this forum by a friend who advice me to be marketing IEO/ICO companies but I see trading as the only thing I picked interest and willing to spend time here to learn. As a result of this I have dedicated 5 - hours daily to learn about crypto tradibg here in the forum since my research only keep me discouraged and scared due to their negative emphasis. I will like to know the difference between shot term and long term trading and the one that is much profitable. Also the different risk involved in both.

Best Regards

CHRIS

First of all, consider the volatility in this sphere and the high probability of losing in both trades and never start trading without having enough information. Also do not start until you overcome the fear of losing.

Short term trading is not the kind of trade an inexperienced person can do. Much more risky. But long term is just about the wait, you wait years for the right time. Also, you spend the effort in long term trade by researching until you invest. But, in short term, this research never ends. lol

[tonyvo2017]

Hello everyone, I was introduced to this forum by a friend who advice me to be marketing IEO/ICO companies but I see trading as the only thing I picked interest and willing to spend time here to learn. As a result of this I have dedicated 5 - hours daily to learn about crypto tradibg here in the forum since my research only keep me discouraged and scared due to their negative emphasis. I will like to know the difference between shot term and long term trading and the one that is much profitable. Also the different risk involved in both.

Best Regards

CHRIS

I have a different view to you. For this market full of manipulations, day trading will be quite risky and we will be really tired waiting for news and signals from the elephants and watching the chart continuously moving. It will lead to a lot of stress.
I think in the crypto market, anything can happen. Therefore, long-term investment in a good alts and waiting for the price of strong pump will be better. Such as RET, BQQQ, MXC coin, ...