Day trading or Long term

[Fivestar4everMVP]

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

As someone who is into making money from crypto, you must learn not to depend solely on one means or way of making money, try as much to diversify your means and strategies.

So, concerning what you are asking, I would say the two, since they don't counter each other, you can be a day trader even while a long term holder at the same time.
Buy some really good coins and keep them for the long term profit, and do day trading as a way of making money from crypto on a daily, if you become really good with trading, it's possible to make consistent profit, and you can use some of this profit to invest and strengthen your crypto investments, which also acts as your crypto portfolio.

And just to add, it's possible to make really good amount of money from trading crypto, but then, having one or more of your crypto investments of a long term pay off can be life changing, depending on the price you sold it, and the number of coins you have.

[Bitcoin_people]

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

Basically, day trading is profitable if the market is good, and if there is volatility in the market, it must also face losses. But we know both long term and day trading are risky, but I will always choose long term because it is less risky. Day trading requires a lot of patience and experience, moreover, it is never possible to make a profit, rather you have to face losses if you do not have good experience about the market. But here I think it is best to invest for long term and here risk is less and chances of profit are more I plan for long term. I also agree with you but in order to make profit a trader must have enough knowledge in day trading. But I don't think about trading constantly but plan to hold the investment for a long time and this I think will be good.

[EarnOnVictor]

day trading is profitable for people that borderline speculating with high leverage, usually with 20x - 100x leverage, a slight price movement already results in either big loss or short loss, people are usually using that to keep them from wasting too much time, but of course it requires extensive knowledge and experience for anyone to be able to profit.

if you don't leverage then you will need big capital for your trades to be actually meaningful and can give you good enough profit otherwise if you use small capital then the profit will be really small too.
it's always the higher risk the higher profit kind of thing.
so if you think the profit is too small with day trading maybe your strategy is wrong.

I don't know, I am kinda scared if such leverages, to be honest. I understand that they give you much more opportunity to make significant profit even on a small deposit, but if the price goes in the wrong direction, your position can be liquidated in a matter of seconds and this is dangerous. I personally have never traded with leverage higher than x5, so it’s hard for me to imagine how people take x100.

The x5 up to x10 leverage is actually safe, regardless of the amount of the fund that you will make a futures trade on the exchange. Just don't go as high as x20, especially if you're not sure about something like this.

But the only people who often do that are those who are in a hurry to make a lot of money in trading and are greedy for money to get huge in the scenario.

That's good advice, we should consider our risks and how we would manage them before we can be successful in trading. The issue with futures trading is that it is trading margined products and this can never be taken lightly by any trader as they must utilize leverage to be able to gain something substantial from the market. But if you have enough money, I advise that you use the low level, and if it is possible, you should use x1 so that the fee will be reduced and so is the trading risk.

This will enhance the right management as well as there must be the right risk-to-reward ratio when trading, but sadly, most traders overlook all these, their minds are centred on the money to be made, and this is certainly not good. This can only explain why some traders want to trade long-term but are using x50 leverage or more and are also taking the full risk with that high leverage. It won't be long before the whole money will be wasted. This is avoidable as our risks, management and our trading style must align for our good.

[Baki202]

But patient is everything in trading to make profits or losses, definitely i would like to trade in the long term, it's more safest trading and maximum profits is possible. Day trading is not for everyone, it's very risky, high pressure and high chances to make wrong trades, so a lot of stuffs you need control. In the long term trade, a big advantages is you have high chances to get enough profits to leave a project.

When you start crypto you have to build your foundation on patience and faith because you need all you can because if you are not patience enough then you might even want to sell at a very low price because you might be discouraged that things might not go well. And trading for a very long time is also good, and since I trade and I have idea from those that are holding and holding is safer, because you don't need to do anything the only thing you need to do is to just buy and keep but when you want to trade you can get lost money especially if you are doing futures but to me spot is even safer, you don't do to much but you see having control is important and that is why you don't get involve until you have knowledge about it, so that you can even decide which one you want to do either holding or trading.

[Krishna1942]

Day trading requires lot of discipline, money management, emotional control, proper trading plan otherwise you will  loose capital. After a loss you try to cover by another trade which lead to more losses. Long term trading with proper entry and exit gives good profit.

[shawonngp]

Day trading requires lot of discipline, money management, emotional control, proper trading plan otherwise you will  loose capital. After a loss you try to cover by another trade which lead to more losses. Long term trading with proper entry and exit gives good profit.

Exactly, day trading is too difficult to handle your money, if a day trader can not control it proper way then loss is confirm at end of the day, so it's not for beginners. Long term trade is safe to exit with good profit, and everything can easily control systematically, i recommend and i would like to trade in long term.

[Yeesha]

For most of the beginner traders, I won’t suggest for day trading since the process is quite tough and more risky. It requires a highly skilled and strategic trader so he can be profitable with his trades despite of the high risk. While it offers bigger amount of profits for those who are good in day trading, it can also be a source of instant losses for those who are not skilled enough. So day trading while performing high caution is always recommended.

However, long term hodling is always the safest option for the majority. Though the profits may still takes a longer time before it can be yours, but I would say its massive amount will bring higher satisfaction on us.

Exactly, holding is the safest way unlike a day trading, it is very risky and tough, long time holding is very beneficial to a trader because they afford a lot of profits at the end, that would be able to fulfill a lot of responsibilities, a day trading is not prohibited neither unlawful, but in term of safety precaution it is not safer than long term holding, it benefit only the expert and if care is not taken the money will be at stake.

[sulendra12]

Which do you prefer and think is better

For me personally with the real life workload, for most of the case I don't have time to do day trading where you constantly need to check the chart of your assets regularly to make sure everything is under control. With that hassle, doing long-term trading and in my case DCA is the best and comfortable strategy for me because it requires little to no effort to check and you can forget it for few years and grab more if necessary.

[Fredomago]

Which do you prefer and think is better

For me personally with the real life workload, for most of the case I don't have time to do day trading where you constantly need to check the chart of your assets regularly to make sure everything is under control. With that hassle, doing long-term trading and in my case DCA is the best and comfortable strategy for me because it requires little to no effort to check and you can forget it for few years and grab more if necessary.

Yeah right, if you don'thave time to keep engaging yourself and monitoring how the market behaves then better to use that long term investment style, just buy and set your target and leave the market, you only need to monitor once the market is on its way pumping just to check if you already reached your target and collect the earnings that you think is managable to earn.

[Iranus]

For me personally with the real life workload, for most of the case I don't have time to do day trading where you constantly need to check the chart of your assets regularly to make sure everything is under control. With that hassle, doing long-term trading and in my case DCA is the best and comfortable strategy for me because it requires little to no effort to check and you can forget it for few years and grab more if necessary.

Yeah right, if you don'thave time to keep engaging yourself and monitoring how the market behaves then better to use that long term investment style, just buy and set your target and leave the market, you only need to monitor once the market is on its way pumping just to check if you already reached your target and collect the earnings that you think is managable to earn.

Not everyone can devote much or all of their time to the market. But whether we choose trading or long-term is not just because we don't have time, we need to choose which method is suitable and gives us the best results. If you could make more profit from trading than from your main outside job, I bet you would quit your job immediately and dive into full-time trading.

Trading is not easy and even if you have the time and knowledge there is no guarantee that you will definitely make a profit from it. Making profits from trading is extremely difficult, which is why most people prefer to invest for the long term.

[Rabata]

Which do you prefer and think is better

For me personally with the real life workload, for most of the case I don't have time to do day trading where you constantly need to check the chart of your assets regularly to make sure everything is under control. With that hassle, doing long-term trading and in my case DCA is the best and comfortable strategy for me because it requires little to no effort to check and you can forget it for few years and grab more if necessary.

Day trading is definitely not suitable for those who are short on time or don't have time to do proper market research. To profit from day trading, a trader must have knowledge of various disciplines. Also, he should always keep an eye on the market condition. Trading is not suitable for those who will not be able to perform such tasks. While day trading is convenient for many who are free, those who are busy with other activities will be encouraged to hold instead of day trading. An investor can hold without any pressure. Moreover, if you hold for a long time, there is a possibility of getting more returns, but it is not possible for a day trader to get such returns. For those who don't have enough time, holding may be a better strategy than trading.

[Hurley27]

Which do you prefer and think is better

For me personally with the real life workload, for most of the case I don't have time to do day trading where you constantly need to check the chart of your assets regularly to make sure everything is under control. With that hassle, doing long-term trading and in my case DCA is the best and comfortable strategy for me because it requires little to no effort to check and you can forget it for few years and grab more if necessary.

Day trading is definitely not suitable for those who are short on time or don't have time to do proper market research. To profit from day trading, a trader must have knowledge of various disciplines. Also, he should always keep an eye on the market condition. Trading is not suitable for those who will not be able to perform such tasks. While day trading is convenient for many who are free, those who are busy with other activities will be encouraged to hold instead of day trading. An investor can hold without any pressure. Moreover, if you hold for a long time, there is a possibility of getting more returns, but it is not possible for a day trader to get such returns. For those who don't have enough time, holding may be a better strategy than trading.

100% agree. As a day trader myself, it requires an understanding of many different facets of market structure along with understanding how and when to use a variety of indicators. It is very time intensive as you are constantly checking charts and different time frames. It also requires you to prepare and update your chart drawings often. Sounds like holding is the best option for op. Even swing trading requires a decent amount of time and thought.

[knowngunman]

But patient is everything in trading to make profits or losses, definitely i would like to trade in the long term, it's more safest trading and maximum profits is possible. Day trading is not for everyone, it's very risky, high pressure and high chances to make wrong trades, so a lot of stuffs you need control. In the long term trade, a big advantages is you have high chances to get enough profits to leave a project.

In trading, patient is not everything but the knowledge of trading you possessed is. Anything related to crypto is very risky thou the risks are greater than the others as the case may be. I think there is little mix up here as regarding term trade. Long term trade can be more riskier especially when you are dealing with a project that has no future. You can only enjoy high profits in the long run if the project is a very solid one such as bitcoin.

Which do you prefer and think is better

Day trading requires high level of skills and dedication but it can be profitable by giving you instant earning while you should also be prepared for daily lose if you don't play your part rightly. The better one is the one that allows you to minimize risk and gives peace of mind that you don't need to be on screen every day for market update. I mean hold your coins, not just anyhow coin but bitcoin.

[sulendra12]

Trading is not easy and even if you have the time and knowledge there is no guarantee that you will definitely make a profit from it. Making profits from trading is extremely difficult, which is why most people prefer to invest for the long term.

It just depends on where you live and how good you are with your trading skill to even bother to think to make trading as your full-time income source. Full-time trading isn't good as you think and not everyone could achieve this due to the stress and good strategy to maintain the income, also like I said earlier not everyone have enough time to bother to check the graph often because of their jobs and activities.

If you live where it's difficult to get the job and you are already work there, I don't think sacrifice your job to do something inconsistent in terms of income is even worth it to think.

[betswift]

Day trading requires lot of discipline, money management, emotional control, proper trading plan otherwise you will  loose capital. After a loss you try to cover by another trade which lead to more losses. Long term trading with proper entry and exit gives good profit.

But it can lead into a pit too, so it's also important to trade with the money that you are okay to spend Sometimes, you won't know where the situation may go (most of the times).

[Fredomago]

For me personally with the real life workload, for most of the case I don't have time to do day trading where you constantly need to check the chart of your assets regularly to make sure everything is under control. With that hassle, doing long-term trading and in my case DCA is the best and comfortable strategy for me because it requires little to no effort to check and you can forget it for few years and grab more if necessary.

Yeah right, if you don'thave time to keep engaging yourself and monitoring how the market behaves then better to use that long term investment style, just buy and set your target and leave the market, you only need to monitor once the market is on its way pumping just to check if you already reached your target and collect the earnings that you think is managable to earn.

Not everyone can devote much or all of their time to the market. But whether we choose trading or long-term is not just because we don't have time, we need to choose which method is suitable and gives us the best results. If you could make more profit from trading than from your main outside job, I bet you would quit your job immediately and dive into full-time trading.

Trading is not easy and even if you have the time and knowledge there is no guarantee that you will definitely make a profit from it. Making profits from trading is extremely difficult, which is why most people prefer to invest for the long term.

Yup, not easy and those who believes that market will grow most likely choose to take the long term ride, it less stress as you don't need to keep monitoring how the market run just put your asset in a safe wallet or you can put it in your trusted exchange and place your target position to execute your selling position.

it's more on your understanding and your knowledge about how to work with your investment, either long or short as long as it gives you beneifts that's the main goal.

[Casdinyard]

whatever works for you best lol.

There's no definite answer as to which one is better, cause if you come to think of it, the money is fleeting with day trading but it allows you to earn it immediately, and when you pool it up against long-term trading oftentimes the numbers equal themselves such as in my case, so I couldn't really say for sure which is better and which is worse. But I know that whatever would work for the trader given his circumstances, as well as his risk appetite should be the top priority when choosing your trading behavior, so there's that.

Look introspectively first and foremost before weighing in which one's better objectively. Sometimes you'd have more affinity to day-trading, sometimes the other way around. Knowing which one you're most compatible with will make sure that you earn as much while losing less, and to top it all off, you get to play how you want to as well.

[betswift]

whatever works for you best lol.

There's no definite answer as to which one is better, cause if you come to think of it, the money is fleeting with day trading but it allows you to earn it immediately, and when you pool it up against long-term trading oftentimes the numbers equal themselves such as in my case, so I couldn't really say for sure which is better and which is worse. But I know that whatever would work for the trader given his circumstances, as well as his risk appetite should be the top priority when choosing your trading behavior, so there's that.

Look introspectively first and foremost before weighing in which one's better objectively. Sometimes you'd have more affinity to day-trading, sometimes the other way around. Knowing which one you're most compatible with will make sure that you earn as much while losing less, and to top it all off, you get to play how you want to as well.

Yep, it all depends on the situation given, really. And on the mood sometimes Both of the market and of the trader.

[Septex]

In terms of trading, long term trading called holding is much more reliable and more likely to be profitable than short term trading. I personally don't like day trading or short term trading.  But if traded for long term especially in good currencies then it will surely bring good results in future. So I would definitely put it at the beginning when it comes to trading.

[X-ray]

Which do you prefer and think is better

For me personally with the real life workload, for most of the case I don't have time to do day trading where you constantly need to check the chart of your assets regularly to make sure everything is under control. With that hassle, doing long-term trading and in my case DCA is the best and comfortable strategy for me because it requires little to no effort to check and you can forget it for few years and grab more if necessary.

You can do daily trading occasionally though, 1 trade a day is already sufficient and even recommended, usually you can always put limit order and take profit so you aren't gonna be fixated on the market price 24/7 so having work load could go along well with daily trading, the problem is always on how to determine a good entry position, tp target and cut loss.

for most of people that just aren't cut it with the mentally exhausting activity of trading, DCA is always the way to go, since people with tendency of easily panicking will always become food for the whales.

the essence of trading itself always emotional restrain.