From short term trader to a long term trader?

[Alpha Marine]

I never did short-term trading when I got into Bitcoin.
I had tried trading forex before I got into crypto, and I knew how it was and how unprofitable it can be. Before I bought my first Bitcoin, I bought a couple of shit coins and lost my money, so when I finally got into Bitcoin, I didn't even think of trading. My experiences had already taught me that trading is a skill that needs a lot of components before you can be profitable in it. So I didn't even bother to try it with Bitcoin. Plus, I was still new to it. I didn't understand much about Bitcoin, so why would I think of trading it?
It was after I got experienced with Bitcoin that I started taking short-term profit on some trades. I would buy a small amount of Bitcoin, hold it for a few weeks and take profit. I did that for a while and stopped entirely.

[Hamza2424]

Was short term trading profitable for you when you started trading or it was later that you started making money from it after some losses? It was unprofitable and you moved to long term trading which were profitable for you?

Or you later quit trading as you are losing?

Well, bro, I was profitable in short-term trading, but I left it because I was spending too much time on it. You see, when you dedicate so much time and energy to something, you don't see how it is destroying your health. So, when I was day trading, it was affecting my health, and I had to get away from it.

Then I moved to swing trading, and then I found a better job and moved to a better place. So now I only trade when I feel like it, depending on my mood.

But investing is something I prefer to everyone, whether they are good in trading or not, because in investing, we can make some profit in the long term while we don't have to spend time on charts like we have to in trading.

[Asiska02]

My years of experience of trading has really made me realise that short term trading is not the best for traders, it doesn’t matter if you’re a day trader or a swing trader. For swing traders, taking trades from higher timeframe is their niche but also for day traders, even if they take trades from lower timeframes, it has to be in the direction of the higher timeframes which makes everything still fall in together to be the long term perception to be the best.

I started with short term trading, starting my top down analyst from 30 minutes. I was lucky for few days, beginners luck indeed but later switched and began long term trading which has become more consistent and profitable than before. Short term trading will be left eventually by all traders, and long term trading will be what everyone switches to unless the trader is a gambler who will want to keep scalping their way to profitability.

[Arenga pinnata]

You can select two options.

I have always been concluding that most traders later quit short term trading because that was what I read in it in the past when I was learning about trading.

I just think about if we can have a poll about it on this forum.

Was short term trading profitable for you when you started trading or it was later that you started making money from it after some losses? It was unprofitable and you moved to long term trading which were profitable for you?

Or you later quit trading as you are losing?

Honestly, I chose to become a medium-term or swing trader and also a long-term trader, precisely because of the less-than-ideal experiences I’ve had with short-term trading. I might be able to make a profit on one or two attempts, but after that, I usually end up losing all my profits on the next trade I open. And what most influenced my decision is that my mindset just doesn’t seem to be a good fit for short-term trading. My work schedule also doesn’t support short-term trading, so I switched to swing trading.

The hardest part of short-term trading is being patient, not rushing, and knowing when to stop after making a profit. These are the three things I’ve found most difficult to apply in short-term trading.

[Odusko]

My years of experience of trading has really made me realise that short term trading is not the best for traders, it doesn’t matter if you’re a day trader or a swing trader. For swing traders, taking trades from higher timeframe is their niche but also for day traders, even if they take trades from lower timeframes, it has to be in the direction of the higher timeframes which makes everything still fall in together to be the long term perception to be the best.

Short term traders are the real gamblers, and they don't use low leverage you see the having leverage of uo to 25x to 50X leverage on they trades, this guy's don't mind if they get liquidated or not, all they focus is on the short term volatility risks and chances of the crypto market at the time of taking the trade, sometimes such discounts entry come to them suddenly and they need to take that risks for the potential result, e.g when bitcoin suddenly fall from last high price of $80k to 75k BTC, short term trader's will definitely take chances in the market to open bitcoin long positions even with high leverage knowing how well bitcoin price is going to recover in the short term period not exceeding 24-48 hours.

[liuka]

Do You mean spot trading or futures trading?

In my opinion,Spot trading is good for long term positions, such as once a month or every two weeks, depending on our buying position.
Now, Trading in the futures market is certainly not suitable for Long term positions because price movements are so extreme at the moment.
But the two are very different, because Futures trading is more likely to result in a loss if we don't have sufficient Assets to inject funds to adjust our liquidity position.

[Pandorak]

In this context, i’ll define short term as SCALPING and long term as SWING.

Basically, the potential for profit from scalping is indeed very high, imagine being able to generate substantial profits in a short amount of time, perhaps just a few minutes or a few hours. However, there are also many negative consequences. ^[1] The most significant one is, of course, the higher risk of loss, since you’re opening and closing positions repeatedly within a specific timeframe. ^[2] This also wastes a lot of your time, as you have to constantly monitor the charts at all times, especially when the market is highly volatile, your eyes must stay glued to the screen. ^[3] You’ll never find peace of mind, You'll feel very dizzy and your heart will race as you watch the candlesticks fluctuate. Looking at historical trading data, few traders achieve consistent profits due to the high level of difficulty. This may also be what has led many traders to switch to long term trading.

On the other hand, long term ^[SWING] trading seems more comfortable and relaxed, you don’t need to monitor the charts constantly, you can even do it just once a day, whenever you have free time. Although the profit potential isn’t as high as with scalping, you can still achieve consistent profits here, it all depends on how skillfully you manage your money and how accurate your strategy is after backtesting. Right now, i’m more comfortable using this approach.

[Alphakilo]

Do You mean spot trading or futures trading?

In my opinion,Spot trading is good for long term positions, such as once a month or every two weeks, depending on our buying position.
Now, Trading in the futures market is certainly not suitable for Long term positions because price movements are so extreme at the moment.
But the two are very different, because Futures trading is more likely to result in a loss if we don't have sufficient Assets to inject funds to adjust our liquidity position.

I think short term in this context refers to any position held below a year or not up to 5 years, but long term may refer to a decade or close to a decade or more and that a huge difference between the strategies we use to trade be it spot trading or futures trading or just holding Bitcoin for long term.
I tried it all and due to time constraints and attention to real world work, I settled for long term plan even though I still occasionally dabble in short term trading when the need arises.

It is helpful to have both knowledge of how it works and inter changeable decide on which to use, else it's just trading activities or more of gambling if no hardcore strategy is involved with capital and risk management practices.

[Grace333]

Swing trading is quite profitable than scalping, a lot of people trade for a short term because they are only interested in making quick profits but at some points they end up losing and instead of them to take a break from trading they end up going into long trading. There is absolutely nothing wrong in being a a long term trader but it is actually wrong to move from switch to such pattern of trading when you are losing because you would be too eager to get back the money you have lost which isn't really an advisable strategy. If your strategy is swing trading or any other one then you should be decided on that instead of going back and forth.

[Gost ms]

In my case the picture is like your last comment. Initially I started with short term trading and faced huge losses and I was able to come out of that place somehow and after some days I started long term trading again. For example I would buy Bitcoin and hold it till the price of Bitcoin increases. By trading this way I am still in profitable position. Although I faced some losses in the beginning. I invested the required amount of money and needed that money and I had to sell it facing losses. But yes I will tell everyone to trade in this long term way, the risk is very low in this way, but it takes some time to reach our goal

[crwth]

Having both being used would be quite different in terms of strategies, so what you are going to use most of the time is going to be different.

For example, I think the positions you would have in the short term would be very different from those in the long term, just because you would be in a position for a longer time, and it could really affect your mental state, given that your trades could go negative.

Better to have an approach for both and maybe automate it 
^{crwth.gunbot.com}

[liasbaa]

You are right that most people back off from short term trading decisions they make at the beginning. As they get involved in the market, they learn that long term investing is the best decision and less risky. I started out trading and panicked and sold at a loss. I kept getting panicked because I was new to trading. I kept getting panicked because I was new to trading. Trading was financially and mentally damaging to me.

To get out of such a bad mental and financial situation, I stopped trading and started long term Bitcoin investing. Long term investment strategies have a high chance of being profitable.

[Dickiy]

Was short term trading profitable for you when you started trading or it was later that you started making money from it after some losses? It was unprofitable and you moved to long term trading which were profitable for you?

Or you later quit trading as you are losing?

What I experienced during the short-term trading focus was not about being profitable and not but really draining mentally and disturbing health. I was almost treated due to difficulty sleeping because my mind kept on the entries I put until I finally decided to change to long-term trading so that I didn't spend much time monitoring the charts.

[TheUltraElite]

Trading has never given me any profit because after making little little profit, one trade will wipe out all that profit and put me at loss for just one little mistake.

I have stopped trading for now and I'm more focused on buying and holdi to take little profit in the next bull run because I know that my portfolio will be in profit by then.

Buying and holding is what is long term trading.

We could do that and continue our daily jobs and make sure to check on the long term trades that we have executed or kept on open orders.

It is not that you will get the profit right away but you will and you have to maintain your patience here. Because this is long term it also needs a lot of determination to maintain the patience. The habit of taking loans to trade will not do good here but worsen it.

[Hypnosis00]

I tried to become a short-term trader. I made so many attempts and made some profits, but they are not satisfying enough to continue doing this. So I decided to just become a long-term trader. Waiting for months to make money, it is still fine and not stressful.

Well, I have to say that we don't have to commit to becoming a short-term trader. The results will speak to whether we have to continue or shift to a better option. In trading, I've found out that it was not just that we understood the market behavior. The most important thing we need to learn here is how to control our emotions and the time frame that we can manage correctly.

[Rengga Jati]

I have always been concluding that most traders later quit short term trading because that was what I read in it in the past when I was learning about trading.

Personally, I have no idea whether it’s true or not that many short-term traders end up quitting because of that.

Was short term trading profitable for you when you started trading or it was later that you started making money from it after some losses? It was unprofitable and you moved to long term trading which were profitable for you?

Yes, short-term trading is very promising. The potential returns are certainly worthwhile. But, it also comes with high risks. Many short-term traders have been successful so far.

Personally, though, I chose long-term trading for the time being. Because, I'm quite busy in the real world. This makes it difficult for me to focus on short-term trading, especially day trading. With my limited time to dedicate to the crypto industry, that’s just not feasible for me right now. Of course, everyone’s circumstances are different. But for now, I prefer long-term trading.

[As-Soon-As]

Was short term trading profitable for you when you started trading or it was later that you started making money from it after some losses? It was unprofitable and you moved to long term trading which were profitable for you?

Or you later quit trading as you are losing?

Short-term trading is very risky, due to which many traders choose this short-term trade in the beginning, but later they come into contact with long-term trading again. That is why in this situation the market is always chaotic, so due to the high losses in short-term trading, they are gradually attracted to long-term trading. I did this in the beginning, which made a little profit in short-term trading but most of the time I had to face losses.
So I developed more confidence in myself by researching the market and focusing on long-term trading.

[nara1892]

You can select two options.

I have always been concluding that most traders later quit short term trading because that was what I read in it in the past when I was learning about trading.

I just think about if we can have a poll about it on this forum.

Was short term trading profitable for you when you started trading or it was later that you started making money from it after some losses? It was unprofitable and you moved to long term trading which were profitable for you?

Or you later quit trading as you are losing?

I’m one of those people who switched from short term trading to long-term accumulation in Bitcoin, and yes, it’s exactly as you said, bro @Oshosondy because I suffered a lot of losses even though my very first trade started with a profit at one point, I concluded that trading just wasn’t for me.
Short-term trading can indeed yield larger profits in a short time, but the risks are just as high, so I prefer to stick to long-term accumulation even though the profits aren’t huge and it takes longer because it makes me feel safer and more comfortable.

[Kelvinid]

Before I enter trading, I often heard from my friends that trading short term requires a lot of time and it makes you get more pressured and stress, so it actually saved me because I get to avoid short term trading and focus on long term.

But you know what, words are just not enough, because I still end up trying short term trading and realized how risky it is really especially if you can't maximize your time monitoring the market and observe how your coins move with the different market speculations and sentiments.

Losses are actually part in trading, but there's bigger losses when you trade for short term, though it gives you high-potential quick returns.

[Big Dirams]

Was short term trading profitable for you when you started trading or it was later that you started making money from it after some losses? It was unprofitable and you moved to long term trading which were profitable for you?

Or you later quit trading as you are losing?

What I experienced during the short-term trading focus was not about being profitable and not but really draining mentally and disturbing health. I was almost treated due to difficulty sleeping because my mind kept on the entries I put until I finally decided to change to long-term trading so that I didn't spend much time monitoring the charts.

Facts, short term trading can be draining and exhausting than long term trading but there are possible ways we can avoid all this stressed and with time if we get used to it we wouldn’t see it as an issue so far we are making money. In short term trading it isn’t always for us to trade everyday or stayed glued to the chart all the time, we can come to the market and picture out a good and possible opportunities and place our entries after analysis and with the help of stop loss and take profits now our presence doesn’t matter when we place an entry at all. The stop loss and take profits will do their work. But there is always stressed and energy draining in short term trading but what do we expect, we want quick money right.