What Type/Kind of Trading Style is the Best and why

[wxa7115]

If you consider yourself becoming a full-time trader, then have to you choose either be a day-trader or swing trader, or of having them both. Choosing the best one will also have to consider first where you are comfortable with, actually, you make a try them all to know more about these strategies and to know also which one makes better with you.

If I said day trading or swing trading is the best that is because base on my experience and possible that it can be not good for you.

Day trading is by far the most popular choice but at the same time it is the one that is the hardest as well, it is better to begin as a swing trader at the beginning of your career and then only once you have demonstrated to yourself that you can actually make money trading then you can become a day trader.

Personally I think those people will be better by just being investors and buy bitcoin whenever its price is low and hold for years but those people also want to get excitement out of their investments so they prefer trading over investing even if the former is way easier and it has way better chances of becoming profitable.

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[gabbie2010]

I am a day trader I monitor all my trade daily and also closed all my trades before the beginning of another day thus No 2 option fit my style of trading my adrenaline can't withstand scalping trades especially cryptos which in most cases are synonymous with high volatility, I choose option 2 based on the fact that I have time to analyze my trade before pulling the trigger my choice of 4 timeframe which I believed is more stable in term of momentum and volatitlity and having the ability to monitor my trade in every 4 hours is an added advantage.

[Wind_FURY]

I believe everyone who says that they are a “day-trader” has not profited from the market more, if back-tested, against a “buy the dip and HODL” strategy, from March to December 2020. The more trades, the more mistakes.

[Majharul Saiif]

I think that I can classify myself as a day trader.  By definition, a day trader is a trader whose major aim is mainly to get profit daily even if it goes over to the next trading day. Then the reason is that trading daily can help you make your losses back in trading even if you make lose at another trading order. You trade with stop loss and can make a regain of the stop loss hit.

I also concede with you. Profits in Day Trader would be moderately good and there would be involvement in trading. One day's loss can be averaged with another day's profit.

[imstillthebest]

To be honest,
No strategy or Method works for the second time.
The only thing that matters is the luck and good fortune.
If you lack in both of these, then surely you will fall in losses.
Moreover Trading should be done by doing high estimated calculations, not based on theories.
Hope this clears some doubts for you OP.

second time ? Or when re used ? Does that mean we need to practice all what is written by the op but if we are a beginner we can't learn all and I think most traders keeps on re using their Verry own single strategy because they think thats working for them and they are comfortable with that .

Luck and fortune sounds the same but what about the skills ? Trading needs skills  . Estimated Calculations and theories sounds the same too but again this won't be enough without skills involved .

 @op you missed trading or regular trading . Beginners don't know how to label themselve but they call themselves as plain traders .

[carlfebz2]

I believe everyone who says that they are a “day-trader” has not profited from the market more, if back-tested, against a “buy the dip and HODL” strategy, from March to December 2020. The more trades, the more mistakes.

You are  talking on the negative side but we know that you can earn more than on the amount that you can make  with just simply buy the dip and hold.

It is just normal that you would really be dealing with higher risk since you do actively engaging in the market and dealing up with price on active manner which is totally
opposite into those who do tend to hold or somewhat playing on the safer side.

When it comes to effectiveness then this will vary or depend on someones capacity or capability on doing trades. Trading styles can neither effective or not on trying out
each of those ways that had been mentioned by a certain individual.

[cyriljundos]

trading style of most traders are the same but the most important kind of technique is reading graphs and analyzing the flow of specific coin that you want to trade in. based on my experienced in trading  ive observe that short term trades is quite good, you can gain profit at short period of time. the other one is long term trade you can simply buy a coin and hold it until its profitable and you can sell it.

[Peanutswar]

Previously im just a future trader always FOMO but just a small amount I try to make capital of 10-30 USD in a single trade and trying to keep this up to a higher trade almost 50-70 USD but right now due to this pandemic having sources of income becomes more limited still having the wave and trend must need to keep updated to follow a spot trading, during my investment I got a good market profit passively by just doing the buying low and selling high after that I back again into future trading but reaches today having a red day. So, back to spot. After this time I realize some of my mistakes. Im planning to wait enough money to make a future trade why while I'm making an investment into a spot to get profitable.

In short, I trade depends on the situation.