Day trading or Long term

[Fredomago]

Whether a trader will trade daily or he will trade in a long-term plan depends entirely on the trader. If that trader thinks that he can make a good amount of profit by trading every day, then trading every day is fine for him. If a trader is trading in a long-term plan, then it will be seen that there is no need to do so much analysis of the market like daily trading. Trading every day will not bring profit because here there can be both profit and loss, if one day there is profit then you can sell your coins on that day but if there is loss then you have to wait.  So do what feels good to you and there you will get success.

I agree with that last statement, trading daily is not a guarantee that you will always find that winning position, there's chance that you might lose your position and lose your capital, I guess there are differences from how traders works with their own assessments and analysis, they have different point of views in terms of choosing which directions they wanted to follow.

They all have their own research and studies that will help them in deciding which projects and what position and trading strategy that they will follow.

[gunhell16]

If you are too lazy to study trading here in cryptocurrency, long-term trade is for you, but if you are the type of trader who wants to make money every day, you should enter short-term trading, that's why you need to know something. you in trading because you can't know nothing, as in understand something in trading like reading the chart or graph.

In addition to what I mentioned, there must be someone who knows how to use indicators in trading because you can't use those indicators without knowing anything, because you can't be called a trader if you don't know anything about those tools.

[MissNonFall9]

In conclusion, whatever area of cryptocurrency you find yourself, it is always advisable that you’re making profit.

That's right, whatever crypto and which pairs you're comfortable doing your trades. Whether you day trade or for the long term, we all want to end up with profits. So, whichever works for you perfectly then just do it and you don't have to be mindful of it. Everyone's goal is to make a profit and you should do that for that's the main reason why everyone is aiming to day trade and invest. But again, if you find yourself to be not good at any of it, you can always restrategize.

You are very correct mate,the target is to make profit and nothing else.But having a comparison of the both,you see that one is more risky while the other one is less risky.People tend to follow that one that has low risk than following the one that has high risk.But those people who have the mind of day trading, sometimes when profit comes in for them,you will be shocked about the amount they can gain,and this gain,if you were to follow the long term trading,you won't be able to have it in a long period of time,but somebody have had it just for a day,so that's the difference.

Yes, the risk is more with trading on a daily basis than being a holder and a long term investor. Of course we do know what's best for us, for me, I'm not good at both of it and that's why I choose to hold and stick to my plan of long term. But I know that there are a lot of people here that are good at both of it, good in day trading and they're also distributing their money to their long term plans. That's why those that can do it are very talented people and knows how to weigh and take risks properly.

Although I prefer to invest for long term but day trading can also be profitable unless people get addicted to it or cannot control their emotions. Because day trading exhibits a lot of gambling like behavior. I ‍am not saying it is gambling but in day trading people often lose their control I am not saying that everyone will be like this. The most important thing for day trading is to set targets and control emotions. Only then can one return profitably from there unless the fortunes are absolutely adverse.

[Obari]

In conclusion, whatever area of cryptocurrency you find yourself, it is always advisable that you’re making profit.

That's right, whatever crypto and which pairs you're comfortable doing your trades. Whether you day trade or for the long term, we all want to end up with profits. So, whichever works for you perfectly then just do it and you don't have to be mindful of it. Everyone's goal is to make a profit and you should do that for that's the main reason why everyone is aiming to day trade and invest. But again, if you find yourself to be not good at any of it, you can always restrategize.

You are very correct mate,the target is to make profit and nothing else.But having a comparison of the both,you see that one is more risky while the other one is less risky.People tend to follow that one that has low risk than following the one that has high risk.But those people who have the mind of day trading, sometimes when profit comes in for them,you will be shocked about the amount they can gain,and this gain,if you were to follow the long term trading,you won't be able to have it in a long period of time,but somebody have had it just for a day,so that's the difference.

Yes, the risk is more with trading on a daily basis than being a holder and a long term investor. Of course we do know what's best for us, for me, I'm not good at both of it and that's why I choose to hold and stick to my plan of long term. But I know that there are a lot of people here that are good at both of it, good in day trading and they're also distributing their money to their long term plans. That's why those that can do it are very talented people and knows how to weigh and take risks properly.

Although I prefer to invest for long term but day trading can also be profitable unless people get addicted to it or cannot control their emotions. Because day trading exhibits a lot of gambling like behavior. I ‍am not saying it is gambling but in day trading people often lose their control I am not saying that everyone will be like this. The most important thing for day trading is to set targets and control emotions. Only then can one return profitably from there unless the fortunes are absolutely adverse.

Don’t be scared to call day trading a form of gambling to an extent.
Practically, day trading without proper analysis is total gambling and there is no need arguing that as you might just be messing with luck and I’m saying this from a practical standpoint of view because I could remember vividly well, when I was trading synthetic indices on Deriv and I was able to make a profit of $2300 in less than 48 hours with a $100 trading capital but I only ended up withdrawing just $300 and lost the rest of the $2000 in less than 24 hours and meh, I learnt a whole of things from that singular experience that’s why when I came into the forum, I wasn’t strange to the things of trading as I’ve already made reason profits and Laos had my fair share of the losses as well.

[wiss19]

If you are too lazy to study trading here in cryptocurrency, long-term trade is for you, but if you are the type of trader who wants to make money every day, you should enter short-term trading, that's why you need to know something. you in trading because you can't know nothing, as in understand something in trading like reading the chart or graph.

In addition to what I mentioned, there must be someone who knows how to use indicators in trading because you can't use those indicators without knowing anything, because you can't be called a trader if you don't know anything about those tools.

Long-term and short-term trading are not about affordability in my opinion but it's about how much knowledge and understanding one has about the market and the cryptocurrencies they are willing to trade. People prefer meme coins and newly launched altcoins these days because they have heard that they tend to provide high profits in a short period but they ignore the risks involved with these investments either because they lack knowledge or don't want to acknowledge it even when they know.

Such are the traders or investors who are later found crying and cursing the market and the cryptocurrencies for making them lose money without realizing that it's their fault since they started making investments without doing any research or understanding everything beforehand.

[Jewan420]

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Although I prefer to invest for long term but day trading can also be profitable unless people get addicted to it or cannot control their emotions. Because day trading exhibits a lot of gambling like behavior. I ‍am not saying it is gambling but in day trading people often lose their control I am not saying that everyone will be like this. The most important thing for day trading is to set targets and control emotions. Only then can one return profitably from there unless the fortunes are absolutely adverse.

To profit from day trading you must first become an experienced trader. Then learn to control your emotions. Controlling emotions is a very simple task by an experienced trader. However, not all experienced traders can control emotions, but most experienced traders are trained to control emotions. Long-term investment can also be called as a type of trading. In this case the possibility of loss is less in long term trading as compared to day trading. Personally I favor long term investment.

[Obari]

To profit from day trading you must first become an experienced trader. Then learn to control your emotions. Controlling emotions is a very simple task by an experienced trader. However, not all experienced traders can control emotions, but most experienced traders are trained to control emotions. Long-term investment can also be called as a type of trading. In this case the possibility of loss is less in long term trading as compared to day trading. Personally I favor long term investment.

I’m sorry to say but I don’t think I agree with you on the fact that, one must be an experienced trader before profiting from day trading and just as I’ve always said about my experience as a day trader trading synthetic indices and I will have to repeat it here that, you don’t need to be totally experienced before you can make a profit a day because I’ve made over $2300 if I’m not wrong from trading synthetic indices as a total beginner and I think that’s still very possible with anyone but such a person should be aware of the risk involved and be willing to bear it.

Not every experienced day trader can actually control emotions as there might and would be days when emotions can’t be controlled and such a trader might likely fall into the temptation of chasing their losses unintentionally and that’s why day trading isn’t for the weak.

Long term holding is actually the best and more less risky one but that’s mostly possible for those who have the capacity to hold for longer period .

[Awaklara]

Long-term investment can also be called as a type of trading. In this case the possibility of loss is less in long term trading as compared to day trading. Personally I favor long term investment.

Trading risk is not only determined by the time period that the trader determines. it must also be adjusted to the planning in choosing the assets to be traded or invested.
not all coin characters on the market are the same. when you analyze each coin you will see different things for each coin. and from there you can plan that the assets you choose will be more appropriate for the long term or for trading.
All assets can be traded, but to get maximum profits, planning to choose the right asset is very important. Let's just say you choose the wrong asset for the long term, then you won't get anything. trading and investing has its own risks, and what we need to do is use the right approach to analysis.

[Cryptmuster]

Trading risk is not only determined by the time period that the trader determines. it must also be adjusted to the planning in choosing the assets to be traded or invested.
not all coin characters on the market are the same. when you analyze each coin you will see different things for each coin. and from there you can plan that the assets you choose will be more appropriate for the long term or for trading.
All assets can be traded, but to get maximum profits, planning to choose the right asset is very important. Let's just say you choose the wrong asset for the long term, then you won't get anything. trading and investing has its own risks, and what we need to do is use the right approach to analysis.

Choosing the wrong asset is about long-term trading, but for day trading it does not matter much because for this only local movements within a few minutes or hours are important. And long-term trading is somewhat similar to investing, where the asset is of great importance so that we are confident in it. I like medium-term trading, so as not to rush to exit too much in case of a not very good entry, but at the same time I don’t like to stay in a trade for a long time.