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Author Topic: Day trading or Long term  (Read 2034 times)
batang_bitcoin
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May 21, 2024, 08:55:58 AM
 #241

Well to me, I prefer day reading just buying and keeping because you will know how to make daily income from your day-to-day trading thread is something that you need more focus and you understand different kind of reading than just buying and keeping trading gives me more strategies to acquire more bitcoin, I just prefer the trading than just buying and keeping
If you're going to buy and keep it, then you're not day trading but you are daily accumulating. But that is not a problem because we have our options and strategies on what is going to be more productive and will bring us better profits. So, if that's the way to go for you and that is what will work to give you better trading results then do it. And at the end, if your main goal with your trading profits is to accumulate more Bitcoin, you're doing another good strategy.



 

 

 

 

 

 


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May 21, 2024, 09:38:14 AM
 #242

So I have been trying to wrap my head around which is a better option, day trading crypto or buying for long term keep.
While they both have their pros and cons, they both come with a form of risk and they are meant to generate profit.
The major difference between them is that day trading tend to make profit from small market volatility, while hodling make profit from the bigger change in crypto value.
  Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better


Let's first differentiate between day trading and long-term trading. In day trading, these are the types of traders who want to get a profit every day. Today, there are day traders whose timeframe is 5 minutes, 15 minutes, 30, 1 hour, 4 hours, 12 hours, or a daily timeframe. Now, in those timeframes, you should know where you belong.

And first, find out what category you are in. Second,  you must know something about trading; you can't have nothing. Because if you are not deep, you will not be able to get large earnings from day trade activity. In the long term, you just buy crypto and then hold it depending on how many years you want, while you study it and while you wait for the right day and time to sell it.

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May 21, 2024, 11:36:46 AM
 #243

So I have been trying to wrap my head around which is a better option, day trading crypto or buying for long term keep.
While they both have their pros and cons, they both come with a form of risk and they are meant to generate profit.
The major difference between them is that day trading tend to make profit from small market volatility, while hodling make profit from the bigger change in crypto value.
  Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better

I think it's depend on your trading experience and risk management because in day trading you have to be more focused experienced active and having high success rate of trade winning history in order to survive and earn which is quite difficult for anyone to continue long as predicting short term candels direction especially at such high volatile market is difficult but not impossible while compared to them long term holding will be more preferable because here you required just zero knwoledge about anything just you have to buy top of the list coins of Coin Market Cap especially in bear season while following DCA and then hold it long untile Bitcoin make new ATH and bull run got started and you will get big profit and here you haven't required daily check or visit so I will prefer long term holding
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May 22, 2024, 05:55:47 AM
 #244

Day trading can be refer to short term trading like trading within a day or two days. Long term in the way you used it can mean swing trading. Swing trading is when you hold your coins for some many days to many weeks. But the long term that you are talking about is holding. Do not compare holding to trading, because holding is safer, better and it requires less time and energy from you. But this is when you are buying good coins and not shit coins.

Yes and most people do mistake holding to trading, which makes most of them to fail or loss, because they will be waiting before the coin to rise before they withdraw the money either capital and profit or profit alone and trading require both time, energy and self control, to know when to trade and when not to trade, although both also has some similarities like advantages and disadvantages, it also require patience too because it all involved risks. So that is why we should be aware of what are doing before going through it.

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May 22, 2024, 09:15:36 AM
 #245

Well to me, I prefer day reading just buying and keeping because you will know how to make daily income from your day-to-day trading thread is something that you need more focus and you understand different kind of reading than just buying and keeping trading gives me more strategies to acquire more bitcoin, I just prefer the trading than just buying and keeping
If you're going to buy and keep it, then you're not day trading but you are daily accumulating. But that is not a problem because we have our options and strategies on what is going to be more productive and will bring us better profits. So, if that's the way to go for you and that is what will work to give you better trading results then do it. And at the end, if your main goal with your trading profits is to accumulate more Bitcoin, you're doing another good strategy.
well, the fact is that we have a lot of options when trading. We cannot say that we are daily traders, or long-term traders. When we trade, when we feel that at that time we have made a profit, we can immediately sell all the assets. However, most traders will hold their assets for a while until they get the profits they want. Apart from that, I think day trading usually uses high risk coins like meme coins. However, I don't think they expected much from such a trade.

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May 22, 2024, 10:57:46 AM
 #246

Well to me, I prefer day reading just buying and keeping because you will know how to make daily income from your day-to-day trading thread is something that you need more focus and you understand different kind of reading than just buying and keeping trading gives me more strategies to acquire more bitcoin, I just prefer the trading than just buying and keeping
If you're going to buy and keep it, then you're not day trading but you are daily accumulating. But that is not a problem because we have our options and strategies on what is going to be more productive and will bring us better profits. So, if that's the way to go for you and that is what will work to give you better trading results then do it. And at the end, if your main goal with your trading profits is to accumulate more Bitcoin, you're doing another good strategy.
well, the fact is that we have a lot of options when trading. We cannot say that we are daily traders, or long-term traders. When we trade, when we feel that at that time we have made a profit, we can immediately sell all the assets. However, most traders will hold their assets for a while until they get the profits they want. Apart from that, I think day trading usually uses high risk coins like meme coins. However, I don't think they expected much from such a trade.
You could really be able to make yourself test out those both things each of them and find out on which one works for you because not all would really be that good on a certain point on which if you do see that it is really that hard for you or doesnt work or not profitable for you then you would naturally be trying out to find another as long you do find it for yourself to be working or something that would really be beneficial for you.
Day trading or long term? There would be different considerations for this one:

1. Time availability
2. Knowledge or skills
3. Financial aspects
4. Effort you could put on

On the moment that you have tested out both sides and finds out that you could handle both things then its good, but if you are really just that good on one side then you would normally
be sticking into that which it is really just that common sense. So it would really be that a matter of choice on which one you would be sticking because not each one of
us does have the same skills and knowledge or awareness of things. So it would really be varying on how you would really be fitting up yourself on such situation.

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May 22, 2024, 12:25:28 PM
 #247

So I have been trying to wrap my head around which is a better option, day trading crypto or buying for long term keep.
There are two things that need to be separated to answer your question, the first is daily trading and the second is long-term investment. Questions like this should be looked at the abilities of different people because not everyone has good knowledge to carry out trading.

While they both have their pros and cons, they both come with a form of risk and they are meant to generate profit.
The major difference between them is that day trading tend to make profit from small market volatility, while hodling make profit from the bigger change in crypto value.
  Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better
If we talk about likes it is relative because maybe people understand better how to make long-term investments and vice versa. If you can do day trading by taking advantage of market volatility then that will be much better. But you also have to understand that trading cannot always produce profits because of the uncertain market. It's best to know the skills to do one of them and if the decision has been chosen then do it well.

More specifically I will utilize long-term investments as the main option and will occasionally trade according to much smaller values. This aims to ensure balance and not affect psychology when experiencing losses in the trading we are doing.
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May 22, 2024, 01:43:33 PM
 #248

Day trading can be refer to short term trading like trading within a day or two days. Long term in the way you used it can mean swing trading. Swing trading is when you hold your coins for some many days to many weeks. But the long term that you are talking about is holding. Do not compare holding to trading, because holding is safer, better and it requires less time and energy from you. But this is when you are buying good coins and not shit coins.

Yes and most people do mistake holding to trading, which makes most of them to fail or loss, because they will be waiting before the coin to rise before they withdraw the money either capital and profit or profit alone and trading require both time, energy and self control, to know when to trade and when not to trade, although both also has some similarities like advantages and disadvantages, it also require patience too because it all involved risks. So that is why we should be aware of what are doing before going through it.
If we want to make profit by trading every day then first of all we need to avoid excess load and remove the thought of excess profit from our head. We usually have to be satisfied with small profits in daily trading. We take trading at right time and if we take some profit by taking trading at right time and in that profit we can hold our coins for long time without selling but we can lose. Because we will analyze the market in the case of short term trading as in the case of long term but we will not analyze the market in the same way. If possible, the investor should conduct daily trading along with long-term investment, so that at the end of the specified period, the investor can earn a good amount of profit, and by trading correctly every day, he can earn a good amount of money.

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batang_bitcoin
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May 22, 2024, 09:05:06 PM
 #249

If you're going to buy and keep it, then you're not day trading but you are daily accumulating. But that is not a problem because we have our options and strategies on what is going to be more productive and will bring us better profits. So, if that's the way to go for you and that is what will work to give you better trading results then do it. And at the end, if your main goal with your trading profits is to accumulate more Bitcoin, you're doing another good strategy.
well, the fact is that we have a lot of options when trading. We cannot say that we are daily traders, or long-term traders. When we trade, when we feel that at that time we have made a profit, we can immediately sell all the assets.
Yeah, even long term holders becomes trader for a day but you're right, whatever you are doing, still we end up being a trader. So it doesn't matter whether you'd call yourself as a day trader or not.

However, most traders will hold their assets for a while until they get the profits they want. Apart from that, I think day trading usually uses high risk coins like meme coins. However, I don't think they expected much from such a trade.
That's the essence of trading, patience is a virtue and a requirement before you make a profit. And that's the waiting game that we all want to do because of the potential profit.



 

 

 

 

 

 


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May 22, 2024, 10:26:40 PM
Merited by aylabadia05 (1)
 #250

So I have been trying to wrap my head around which is a better option, day trading crypto or buying for long term keep.
While they both have their pros and cons, they both come with a form of risk and they are meant to generate profit.
The major difference between them is that day trading tend to make profit from small market volatility, while hodling make profit from the bigger change in crypto value.
  Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better

I assume this is not a matter of which is more profitable between daily and long-term trading. Because if we have skills in trading, of course the daily profits will also be good, especially consistent. But according to this, it is only a matter of time that we can use for trading.

Daily trading needs to be remembered that until now we have not succeeded in defeating the psychology of greed and fear that always haunts us every time we trade. Which makes you unable to sleep at night, you cannot work in peace. talk about profits? Yes, exciting. Even if it's a little, for example we can earn $50-200 a day, especially if we are consistent. However, in the end our sleep is not peaceful because daily trading makes holidays and restless if there are still positions that have not been stopped closed. Because daily trading is basically taking advantage of market price movements within a day, which means we have to monitor prices every day.

So in conclusion, in my opinion, it is profitable to do daily trading (assuming you have the skills and are consistent). But if it has a bad impact on your mental and physical health, you should stop. Because with long-term investments, we don't need to worry about the fate of our investments in the short term because our goal is for a future that makes us mentally and physically much healthier.

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May 22, 2024, 10:43:44 PM
 #251

If you're going to buy and keep it, then you're not day trading but you are daily accumulating. But that is not a problem because we have our options and strategies on what is going to be more productive and will bring us better profits. So, if that's the way to go for you and that is what will work to give you better trading results then do it. And at the end, if your main goal with your trading profits is to accumulate more Bitcoin, you're doing another good strategy.
well, the fact is that we have a lot of options when trading. We cannot say that we are daily traders, or long-term traders. When we trade, when we feel that at that time we have made a profit, we can immediately sell all the assets.
Yeah, even long term holders becomes trader for a day but you're right, whatever you are doing, still we end up being a trader. So it doesn't matter whether you'd call yourself as a day trader or not.

However, most traders will hold their assets for a while until they get the profits they want. Apart from that, I think day trading usually uses high risk coins like meme coins. However, I don't think they expected much from such a trade.
That's the essence of trading, patience is a virtue and a requirement before you make a profit. And that's the waiting game that we all want to do because of the potential profit.
I am also having same mindset about this with having long term targets are always helpful for the peoples instead of day trading which is having huge risk and any second or miner mistake can bring serious problems so going with this long term polices are always helpful for the peoples because we all know patience always pays good dividend and this is important for the investors so having faith in this is much better.
As mentioned you are doing on daily basis or having long term things but this all is trading and no one having any problem to call you trader instead of having tag of day trader living with this trader is much better.

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May 23, 2024, 08:51:07 AM
 #252

If you're going to buy and keep it, then you're not day trading but you are daily accumulating. But that is not a problem because we have our options and strategies on what is going to be more productive and will bring us better profits. So, if that's the way to go for you and that is what will work to give you better trading results then do it. And at the end, if your main goal with your trading profits is to accumulate more Bitcoin, you're doing another good strategy.
well, the fact is that we have a lot of options when trading. We cannot say that we are daily traders, or long-term traders. When we trade, when we feel that at that time we have made a profit, we can immediately sell all the assets.
Yeah, even long term holders becomes trader for a day but you're right, whatever you are doing, still we end up being a trader. So it doesn't matter whether you'd call yourself as a day trader or not.

However, most traders will hold their assets for a while until they get the profits they want. Apart from that, I think day trading usually uses high risk coins like meme coins. However, I don't think they expected much from such a trade.
That's the essence of trading, patience is a virtue and a requirement before you make a profit. And that's the waiting game that we all want to do because of the potential profit.
I am also having same mindset about this with having long term targets are always helpful for the peoples instead of day trading which is having huge risk and any second or miner mistake can bring serious problems so going with this long term polices are always helpful for the peoples because we all know patience always pays good dividend and this is important for the investors so having faith in this is much better.
As mentioned you are doing on daily basis or having long term things but this all is trading and no one having any problem to call you trader instead of having tag of day trader living with this trader is much better.
I do the same thing, and especially because I don't have much time to do daily trading, which in fact is mostly for watching market movements. Because of this, I prefer to do long-term trading or investments, because that way I don't focus too much on price fluctuations that occur, so I can use my concentration to do offline work. and one more thing, the money I use is free money, so this doesn't interfere with my family's finances, my goal is just to enjoy life happily

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May 23, 2024, 09:00:39 AM
 #253

Personally, it depends on which instrument I choose, for example for forex I prefer to play daily trading, but for crypto I prefer long-term investments. Why I chose this is because I understand trading on forex better than crypto. In forex I can use the ichimoku technique and analyze the news. However, for crypto, the market is still volatile and more risky, so I prefer to play it safe by only investing my money in the long term to be able to make a profit.

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May 23, 2024, 09:15:31 AM
 #254

Yeah, even long term holders becomes trader for a day but you're right, whatever you are doing, still we end up being a trader. So it doesn't matter whether you'd call yourself as a day trader or not.
I am also having same mindset about this with having long term targets are always helpful for the peoples instead of day trading which is having huge risk and any second or miner mistake can bring serious problems so going with this long term polices are always helpful for the peoples because we all know patience always pays good dividend and this is important for the investors so having faith in this is much better.
As mentioned you are doing on daily basis or having long term things but this all is trading and no one having any problem to call you trader instead of having tag of day trader living with this trader is much better.
Yes, so it doesn't really matter at all what kind of trader they call you. As long as you maintain yourself from your position with trades and investments or holdings that you are having. That's the most important part there and all you have to do is to check them at most times when you have to especially when the market is too fluctuative. Long term or day trading, you both need to have discipline because if you don't have it, you're easy to lose your money.



 

 

 

 

 

 


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May 23, 2024, 02:11:52 PM
 #255

So I have been trying to wrap my head around which is a better option, day trading crypto or buying for long term keep.
While they both have their pros and cons, they both come with a form of risk and they are meant to generate profit.
The major difference between them is that day trading tend to make profit from small market volatility, while hodling make profit from the bigger change in crypto value.
  Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better


I'm trying to understand what OP means, seems to be considering both options. OP realizes that day trading crypto and buying for long term storage have their own advantages and disadvantages. I think it all depends on our principles in terms of considering investment goals and the planned time period for investing, if you choose short-term goals and are ready to take higher risks then crypto daily trading is more suitable, However, if you have long-term goals and want to avoiding volatile price fluctuations, buying for long-term storage may be a better choice.
Consider the extent to which you are prepared to take risks in your investments. However I suggest that If you feel more comfortable with lower risk and want to avoid the stress associated with active trading, choosing to buy and hold long term could be a more profitable option.
Yeah in day trading you have to be ready to take risks every day if you do not understand the risks it is not possible to achieve success in trading. One of the biggest reasons traders lose money in day trading is because they don't manage risk well. Investment risk is low and long term investment gives good returns.

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May 23, 2024, 04:09:20 PM
 #256

I do both but I find long term trading more safer and profitable that's why I stick with it most of the time. Don't like day trading used to take lots of losses with it though some are very good doing it so it depends on an individual some do day trading others practice long term trading. Think everyone chooses what best suit him or her

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May 23, 2024, 04:48:27 PM
 #257

I assume this is not a matter of which is more profitable between daily and long-term trading. Because if we have skills in trading, of course the daily profits will also be good, especially consistent. But according to this, it is only a matter of time that we can use for trading.

Daily trading needs to be remembered that until now we have not succeeded in defeating the psychology of greed and fear that always haunts us every time we trade. Which makes you unable to sleep at night, you cannot work in peace. talk about profits? Yes, exciting. Even if it's a little, for example we can earn $50-200 a day, especially if we are consistent. However, in the end our sleep is not peaceful because daily trading makes holidays and restless if there are still positions that have not been stopped closed. Because daily trading is basically taking advantage of market price movements within a day, which means we have to monitor prices every day.

So in conclusion, in my opinion, it is profitable to do daily trading (assuming you have the skills and are consistent). But if it has a bad impact on your mental and physical health, you should stop. Because with long-term investments, we don't need to worry about the fate of our investments in the short term because our goal is for a future that makes us mentally and physically much healthier.
Its worth with daily day trading if can get consistency earn profit every day but not easy how to find right altcoin movement to make us taking profit in short term. In daily day trading, we must looking for trading worth coins expected will up and down faster taking ability without one days have been earn profit or must brave for using stop loss feature if want to get consistency earn profit in daily day. Difference when trading as long term we can hold during price getting down without have to stop loss and possibilities earn bigger profitable percentage than short term trading.

For daily day or short term trading, must prepare good mentality how to make limitation to earn profit, most of trader difficult take profit after their assets increasing few percent up but waiting for most drastically raise to higher price. In my opinion during can controlling well and have more time spending to find right coins for daily day trading is not problem but need spending more time than long term trading just waiting after purchasing on lower price.

R


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May 23, 2024, 10:57:24 PM
 #258

I do both but I find long term trading more safer and profitable that's why I stick with it most of the time. Don't like day trading used to take lots of losses with it though some are very good doing it so it depends on an individual some do day trading others practice long term trading. Think everyone chooses what best suit him or her
Both are good if done by the right person because both can be profitable so you can't go wrong if you do both Day Trading and long term trading. Take your profits every day and trade long term which will leave you with assets for the future. This is a smart play. However, it is true, as you said, long-term trading has smaller risks and is certainly very profitable compared to daily trading which will make you experience losses if you don't really understand and read the market correctly.

Day trading, as a whole, seems very scary to me. So I tend to stick to long term trading, but it is very interesting to see how day trading works when done correctly by people who are so skilled that they can make consistent profits. So this comes back to each of us in choosing a strategy according to the abilities we have.

R


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May 23, 2024, 11:48:03 PM
 #259

Everyone has their own view and base on that they could opt out between day trading or long term trading. But the main fact is, trading should be base on their asset. But in my view, long term is better cause thus a trader can analysis and calculate the market properly where short trem trading seems too quick to judge the market. But it also true that sometimes market gives us opportunity by doing day trading and I don't see any wrong if anyone wants to grab it
Anyone that don't day trade, then I consider such person to be a holder. A day trader doesn't really need to sit and watch while the market make moves,
that's partially true. But sometimes you need to hold longer then expected. Recently i took a trade, where a altcoin was pump 40% that's why i took short (Future trading). But it goes pump again. And then what to do? Close trade with loss or need to wait until a centain time? You may consider them as holder but sometimes we need to hold our trading to minimize losses. I think there should be depend on situation. And let your trading continue if you are in profit or you think you'll be in profit.
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May 24, 2024, 03:09:32 AM
 #260

In day trading there are many factors involved and including the risk of losing your cash or trade since you may enter the market at any moment. Actually, it is nice to get into trading, but I don't see much joy in daytrading. I've also listened to a lot of advise on trading and which coins to buy, but I end up losing a lot.

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