Day trading or Long term

[Fredomago]

I prefer day trading to long term trading.

if I'm to trade for long term it's better just to hold than trade but when it comes to trading, the day trading is absolutely the best amongst because it gives you the ability to think and make better decisions and confidence in your decisions.

It seems difficult to say that daily trading can be said to be the best, in fact this trading has a much greater risk of losing your money than spot. Indeed, if we learn and apply it in the market, it will give us experience or knowledge when we trade, whether there are mistakes in our analysis, if there are any, of course we will correct them later when we want to trade again.

We need that kind of adjustment each time we experience losses with our trades, if you are keen in making things possible with your investment you need to invest your time in looking and finding the right path for your trades. Investment like trading is more on knowledge and determination, it's more on how you adopt and adjust with every sentiments of the market.

You need to have that kind of mentality to keep pushing your way to understand if what patterns would it be for you to make things working either long or short term position.

[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.

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.

It is a very unfortunate incident for your day trading failure. I do not know if you are connected with long trading. But it is very important for us to be careful not to be confined to just one income area. One must focus on other areas such as job security. From that point of view this forum works as a big support for us.

[IvugeoEvolutionCoin]

I wanted to attend for extra moral classes for day trading but the instructor who happened to be my friend told me that I should not go for full time trading but I can only trade once a while to have fun because trading can make someone to lose enough funds so I left trading for investment but only trade to have fun.
Yes we all agree that the both are for profit making buy investment is much more better than trading because in trading you can lose your money just a few seconds but you can lose your investment in few seconds but hours or days and even at that, you won't lose them if your are for long term investor. Therefore I like investment to trading.

I have profited from day trading several times but most of the time I lost from day trading. So now I am not much interested in day trading. If we can trade for Birganj period it can bring us a lot of profit. But trading  To do this we have to start trading with experience about trading otherwise we can never make a profit.

[RockBell]

I wanted to attend for extra moral classes for day trading but the instructor who happened to be my friend told me that I should not go for full time trading but I can only trade once a while to have fun because trading can make someone to lose enough funds so I left trading for investment but only trade to have fun.
Yes we all agree that the both are for profit making buy investment is much more better than trading because in trading you can lose your money just a few seconds but you can lose your investment in few seconds but hours or days and even at that, you won't lose them if your are for long term investor. Therefore I like investment to trading.

It's good you wanted to learn more and been under your friend gives you more advantage because if he his really your friend he will not want you to fail. And wanting to learn more is a good idea, so going full hand is dangerous because you can also lose your full money, and spot is not really  that risky compare to does that are doing futures but even futures if not that people are to greedy their leverages and stop loss that can help you reduce the chances of losing money, and that is the most important thing because if you don't manage the usage well then the high your  funds will drop, its not a must that you have to trade everyday because of the while process before starting your trade. And trading is risky but how you understand and follow instructions will determine the safety of your funds. And long term investment those not have to much work to do. Just buy and hold and when the price is high all you need to do is just to sell. Their are people that don't want to learn but they want to trade their case is different and those are the people that will say trading is bad forgetting that it was all their fault.

[kawetsriyanto]

I have profited from day trading several times but most of the time I lost from day trading. So now I am not much interested in day trading.

If you have earned profits, it means you already know well how to do day trading. But if most of them ended up with losses, it means there is still a mistake in your strategy. Have you evaluated your strategy? The strategy isn't only about the way to trade, but it is also related to your way choosing the coins/tokens. You probably choose random coins, so it is too difficult to know the price development. Why don't you try to trade top coins? But choose the top coins that have high volatility. Solana is one of the options, have you tried this coin?

If we can trade for Birganj period it can bring us a lot of profit.

What is Birganj? I'm not familiar with this term. 
IMO, the profits doesn't depend on the trading period. It depends on the strategy.

But trading  To do this we have to start trading with experience about trading otherwise we can never make a profit.

No one starts trading with experience. To get experience, someone needs to trade many times. However, it is a must to have sufficient knowledge before we start trading. We also must be ready with our mentality because it won't be easy to deal with market changes. If we have weak mentality, we probably won't stay a long time.

[Olacryptoex12]

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

What is a day trading
Day trading is an act of capitalizing on short term change in price for potential gain. This is usually carry out on 1hr, 30m -15m timeframe.

There is a lot of benefit that comes with been a day trader some of them are the ability to leverage on small price movements for huge profit. Secondly potential for quick money gain thirdly day trader took more advantage of the quick liquidity and volatility that pumps into the market and fourthly no overnight risk every trade is close within a day so your psychology is not disturbed you have a nice nightmares

[pusaka]

But trading  To do this we have to start trading with experience about trading otherwise we can never make a profit.

No one starts trading with experience. To get experience, someone needs to trade many times. However, it is a must to have sufficient knowledge before we start trading. We also must be ready with our mentality because it won't be easy to deal with market changes. If we have weak mentality, we probably won't stay a long time.

Yes, you are right, it is impossible for someone who is trying to trade for the first time directly to apply their experience, because experience is something that is obtained when we have done it. Except maybe learning from other people's experiences, and in my opinion that's not enough, because what other people feel will be different when we experience it directly. We will really gain experience after we trade.
This is different from knowledge, we can learn it at the beginning or even long before we actually start trading. However, this knowledge is usually in the form of theory only, when we want to test our knowledge with direct practice, we can first use a demo account.

[Issa56]

Yes, you are right, it is impossible for someone who is trying to trade for the first time directly to apply their experience, because experience is something that is obtained when we have done it. Except maybe learning from other people's experiences, and in my opinion that's not enough, because what other people feel will be different when we experience it directly. We will really gain experience after we trade.
This is different from knowledge, we can learn it at the beginning or even long before we actually start trading. However, this knowledge is usually in the form of theory only, when we want to test our knowledge with direct practice, we can first use a demo account.

They might try it for the first time but believe me they won’t make any single thing out of the first experience trying to trade, Experience Matter A lot because without experience, you cannot trade. A lot of people usually have misplaced priority, you have your own experience and learning from other people’s experience is also not a bad idea. The truth is that we need to embrace learning, others peoples experience. Their to many things when it comes to trading. To avoid unnecessary drama the best thing is just to go for the knowledge, that when you will be able to know exactly what you are suppose to do, so that you don’t wonder aimlessly in the market. And for people that wants to go into trading they should give value to knowledge. And they won’t have too worry to much about losing money.

[programmer3666]

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.

I am personally into swing trading, in my opinion, it is more profitable and less risky so long as one buys a very promising coin, lately, I have bought coins like Notcoin, Solana, Bome, Pepe, and Ton, I buy when it is down and sell when it rises back up in price in a week or two. However, such a trading pattern requires patience and less use of emotions. The best way is to buy when the percentage is at minus 19% to 20% then sell it back at a very reasonable price in as much as you are not too greedy, you will make good profits.

[Dewi Aries]

Yes, you are right, it is impossible for someone who is trying to trade for the first time directly to apply their experience, because experience is something that is obtained when we have done it. Except maybe learning from other people's experiences, and in my opinion that's not enough, because what other people feel will be different when we experience it directly. We will really gain experience after we trade.
This is different from knowledge, we can learn it at the beginning or even long before we actually start trading. However, this knowledge is usually in the form of theory only, when we want to test our knowledge with direct practice, we can first use a demo account.

They might try it for the first time but believe me they won’t make any single thing out of the first experience trying to trade, Experience Matter A lot because without experience, you cannot trade. A lot of people usually have misplaced priority, you have your own experience and learning from other people’s experience is also not a bad idea. The truth is that we need to embrace learning, others peoples experience. Their to many things when it comes to trading. To avoid unnecessary drama the best thing is just to go for the knowledge, that when you will be able to know exactly what you are suppose to do, so that you don’t wonder aimlessly in the market. And for people that wants to go into trading they should give value to knowledge. And they won’t have too worry to much about losing money.

Yes, I also admit that in trading experience is an important thing to be the basis of knowledge while you are involved there, but of course you will be able to gain experience when you have taken action, meaning that most likely a beginner will have to start everything without being based on any experience and because that is also why many beginners end up getting involved in trading in the wrong way. On the other hand, yes, I understand what you say, that indeed we can learn from other people's experiences before we get our own experience from the learning process that we have gone through, it is a good idea to make a lot of preparation, in the sense that by studying other people's experiences, you You don't have to make mistakes like other people have done before.

This means that there are several ways that you can do to gain basic knowledge in the world of trading, either by doing it yourself with various experiments that you do or by learning from the experiences of other people, and I would say that there are two options. In my opinion, the second option is the most effective for a beginner, because by studying other people's experiences you will know what to do and what to avoid from the start, the benefit of which is that you will not lose money or experience losses in larger amounts in the initial phase of involvement, and this is much more economical compared to doing everything yourself without any knowledge.

[Nanga Parbat]

 I do know that using your choice and smart strategy to invest your money for the long term definitely pays off.  Whenever you invest for the long term, you get the benefit of market fluctuations.  This procedure is also beneficial for new traders.  If the new trader also takes the long term investment route, he can also get good returns.  It is a path that only works with patience and planning.  The objective of long-term investment is not just temporary profit, but sustainable growth.  This strategy allows you to see increasing profits over time.  Therefore every trader should include this method in their investment portfolio.

[MusaPk]

It seems difficult to say that daily trading can be said to be the best, in fact this trading has a much greater risk of losing your money than spot. Indeed, if we learn and apply it in the market, it will give us experience or knowledge when we trade, whether there are mistakes in our analysis, if there are any, of course we will correct them later when we want to trade again.

To master anything one need to get necessary experience in that aspect of trading and that can be only done by actually diving into it. Having said that it's correct to say that long term trading (like DCA) has edge over short term trading, we can see historical data of Bitcoin to support that argument. There are people who do day trading and are successful in it because they have spent there time to master that skill. If you want risk free trading there go for long term investment.  

[KeenanEl19]

We need that kind of adjustment each time we experience losses with our trades, if you are keen in making things possible with your investment you need to invest your time in looking and finding the right path for your trades. Investment like trading is more on knowledge and determination, it's more on how you adopt and adjust with every sentiments of the market.

You need to have that kind of mentality to keep pushing your way to understand if what patterns would it be for you to make things working either long or short term position.

Indeed, investing involves our own knowledge, and of course carrying out investments is not haphazard, we must also have good knowledge by doing it consistently, because in my opinion the profits that can be obtained require quite a long time. This is where the importance of maintaining patience is good. so that the investment made is not disturbed in the middle of the road.

Of course, not everyone invests, some people choose to save their money rather than invest it, but that's not bad, apart from that, when they invest, there are definitely those who are learning to hone their patience and expand their knowledge.

[AYOBA]

The both has a risks and profits but the one that is more profitable is the long time holding, and even in terms of losing the long time has a limit, but deserves enough patience because not all people's have that patience to hold a cons for a long period of time. But a day trading is one doesn't have much profits and also very easily to lose, because they might a day jobs that you can trade and definitely lose all the amount with in 20 minutes.

The only thing that can avoid the much losing in both the day trading holding is by seek for knowledge about the trading and experience, because if a person have this two things in trading you can not have such much losing anymore.

[EarnOnVictor]

I prefer day trading to long term trading.

if I'm to trade for long term it's better just to hold than trade but when it comes to trading, the day trading is absolutely the best amongst because it gives you the ability to think and make better decisions and confidence in your decisions.

It seems difficult to say that daily trading can be said to be the best, in fact this trading has a much greater risk of losing your money than spot.

You have a good concern, daily trading can't be the best overall and I like not to call long-term trading the best either. My reason is that some people may prefer and do well with daily trading, and of course, it's the kind of trading that gives more money to those who are successful in trading it. However, the stress of trading it is higher and the risk could be higher as well depending on the trader and his plan for the money and risk management. But long-term trading is less stressful and the risk may be better depending on the handling.

This is why I often advise traders to try the two and decide on what is best for them, and this should be personal because, just like any other thing, there will be a fan of this and a fan of the other. For me, I do both with no regrets as daily trading may bless me significantly in a short time at times, while the long-term strategy gives me the rest of my mind to do other activities.

[BABY SHOES]

You have a good concern, daily trading can't be the best overall and I like not to call long-term trading the best either. My reason is that some people may prefer and do well with daily trading, and of course, it's the kind of trading that gives more money to those who are successful in trading it. However, the stress of trading it is higher and the risk could be higher as well depending on the trader and his plan for the money and risk management. But long-term trading is less stressful and the risk may be better depending on the handling.

This is why I often advise traders to try the two and decide on what is best for them, and this should be personal because, just like any other thing, there will be a fan of this and a fan of the other. For me, I do both with no regrets as daily trading may bless me significantly in a short time at times, while the long-term strategy gives me the rest of my mind to do other activities.

Depending on which skills they master from day trading or long term, perhaps in this conversation is it spot or futures trading?

If it is futures then it will have a higher risk than spot trading but risk is always there in trading so a trader must be able to master what can be generated including profit in taking it.

Day trading will certainly always monitor the market and this of course can drain energy from the mind, if not able to do it better long term will be better.
The truth is that people always have their own way of trading, sometimes when they see a daily opportunity they can do it.

[Dzwaafu11]

I wanted to attend for extra moral classes for day trading but the instructor who happened to be my friend told me that I should not go for full time trading but I can only trade once a while to have fun because trading can make someone to lose enough funds so I left trading for investment but only trade to have fun.
Yes we all agree that the both are for profit making buy investment is much more better than trading because in trading you can lose your money just a few seconds but you can lose your investment in few seconds but hours or days and even at that, you won't lose them if your are for long term investor. Therefore I like investment to trading.

Even though he is your friend and wants to help you in your trading journey, I don’t think you should trade for fun when something like this is not that serious in my opinion. But trade to make money, but the thing is, don’t be greedy in trading. Make sure you learn before you start trading. That is the best thing you should do. He is your friend and won’t cheat you but rather help you make things possible in the crypto space. However, both things you guys want to do have a degree of risk attached to them, so the best thing is to put in the amount you can afford to lose.

If it is futures then it will have a higher risk than spot trading but risk is always there in trading so a trader must be able to master what can be generated including profit in taking it.

Day trading will certainly always monitor the market and this of course can drain energy from the mind, if not able to do it better long term will be better.
The truth is that people always have their own way of trading, sometimes when they see a daily opportunity they can do it.

Exactly. Trading is very risky, and day trading is the riskier in my view, so the best thing is the knowledge. Once a trader has knowledge of what he or she is doing, he or she will definitely make money out of the market. Even though I know the success will not be anytime as far as trading is concerned, the risk and loss will be minimal. Also, you are right that everybody has their own way of trading. Every trader has their own way of determining how the market favours them, and they have their own rules and strategies they use in trading. 

[SOKO-DEKE]

I wanted to attend for extra moral classes for day trading but the instructor who happened to be my friend told me that I should not go for full time trading but I can only trade once a while to have fun because trading can make someone to lose enough funds so I left trading for investment but only trade to have fun.
Yes we all agree that the both are for profit making buy investment is much more better than trading because in trading you can lose your money just a few seconds but you can lose your investment in few seconds but hours or days and even at that, you won't lose them if your are for long term investor. Therefore I like investment to trading.

Trading is not that easy, and a lot of people are losing money in trading due to how difficult it is to deal with. Trading is really risky, but I believe that with proper knowledge, one can make reasonable profits. The reason why many people are discouraged about trading is that they do not search for proper knowledge before they start. Many people are always very lazy to continue working towards acquiring knowledge as they start trading. Once they start losing money, they think it is all about luck and take it as gambling, but it is not fully about gambling. Trading seriously relies on good knowledge. And again, why would you waste your time and money trading for fun? It's better not to involve yourself if you're not serious about it.

Day trading will certainly always monitor the market and this of course can drain energy from the mind, if not able to do it better long term will be better.
The truth is that people always have their own way of trading, sometimes when they see a daily opportunity they can do it.

When someone is a daily trader, they don't always have any other side hustle apart from trading because daily trading really needs more than enough time to focus on it. As for me, I don't really like daily trading because of that time consumption, but as you said, every trader has their own way and knows the type of trading that will give them the profits they need.

[Cryptmuster]

You have a good concern, daily trading can't be the best overall and I like not to call long-term trading the best either. My reason is that some people may prefer and do well with daily trading, and of course, it's the kind of trading that gives more money to those who are successful in trading it. However, the stress of trading it is higher and the risk could be higher as well depending on the trader and his plan for the money and risk management. But long-term trading is less stressful and the risk may be better depending on the handling.

This is why I often advise traders to try the two and decide on what is best for them, and this should be personal because, just like any other thing, there will be a fan of this and a fan of the other. For me, I do both with no regrets as daily trading may bless me significantly in a short time at times, while the long-term strategy gives me the rest of my mind to do other activities.

I am not sure that day trading can bring you big profits, but I am sure that it will bring you very quickly fatigue, at least at first it will be too difficult, and fatigue can lead to more mistakes, which in trading equals to losing money. Medium or long term trending is more acceptable for me, I make most of the trades this way and only with a small amount sometimes I do day trading, but I do it not often, because it is tiring and brings comparatively small profits compared to medium term trading.

[Webetcoins]

You have a good concern, daily trading can't be the best overall and I like not to call long-term trading the best either. My reason is that some people may prefer and do well with daily trading, and of course, it's the kind of trading that gives more money to those who are successful in trading it. However, the stress of trading it is higher and the risk could be higher as well depending on the trader and his plan for the money and risk management. But long-term trading is less stressful and the risk may be better depending on the handling.

This is why I often advise traders to try the two and decide on what is best for them, and this should be personal because, just like any other thing, there will be a fan of this and a fan of the other. For me, I do both with no regrets as daily trading may bless me significantly in a short time at times, while the long-term strategy gives me the rest of my mind to do other activities.

I am not sure that day trading can bring you big profits, but I am sure that it will bring you very quickly fatigue, at least at first it will be too difficult, and fatigue can lead to more mistakes, which in trading equals to losing money. Medium or long term trending is more acceptable for me, I make most of the trades this way and only with a small amount sometimes I do day trading, but I do it not often, because it is tiring and brings comparatively small profits compared to medium term trading.

I agree, day trading specially for peoples those are involved in cryptocurrency they are having troubling time during day trading because usually this give them headache and loses which are not easy to recover so we need to keep things going with strong strategy which give us better results.

I also usually prefer long term with very small trades which I have short term or for day trading because with this I keep things well under my control and also feel comfortable even we can't stop peoples from doing things which they are comfortable for them, and also they are able to have preferable but still usually we need to be careful about our money because currently it's never been easy to make things well organized after doing mistakes.