From short term trader to a long term trader?

[pawanjain]

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 initially started short term trading and while I did good in the bull market, one bear market was enough to show me where I stand in trading.
Later I started accumulating for long term investment but still had the urge to keep trying short term and so I did and the same thing repeated.
Fortunately, I did not sell my long term holdings and so continued to hold for long term while occasionally doing short term trades.

[Pandu Geddon]

I initially started short term trading and while I did good in the bull market, one bear market was enough to show me where I stand in trading.
Later I started accumulating for long term investment but still had the urge to keep trying short term and so I did and the same thing repeated.
Fortunately, I did not sell my long term holdings and so continued to hold for long term while occasionally doing short term trades.

If you have fairly good funds, it would be more enjoyable to be able to manage trading and investing at the same time. If you do not have good budget management, sometimes we might take investment funds to trade. I have done it, using a bit of the investment budget because I couldn't resist trading. 
I also occasionally trade short term now, waiting for good market moments and also depending on my mood. Now I prioritize accumulating Bitcoin over trading. But I haven't abandoned it.

[AYOBA]

I started trading as a newbie. I thought it was a way to get high profits for myself. I only chose short term trading and was being guided by others. It took about 1 year to realize that my decision was wrong. During this time, I gained a lot of experience about the market and that was my turning point in a very impressive way. I started investing for the long term by accumulating Bitcoin in the DCA method and I am still doing that.

Trading is a way of getting high profits but not that quick and that is what most of the newbie’s don’t understand about the trading, I can say that both the long term trading and short term are risks. But the one that is risk most is the short term trading, and that’s why is only few traders that you can see deal with short term trading, but for those that are new to trading they prefer the long term trade.

I gradually lost a lot of funds in trading and I realized that the trading strategy of earning high profits in a short time was risky. It was almost addictive like gambling. Long term Bitcoin investment is much more peaceful and great compared to the bad tendency of looking at charts frequently and mentally unstable.

Yes the long term Bitcoin investment is more peaceful than trading because in the Bitcoin investments they will be rest of mind you won’t be thinking about the how the market will react. It’s better for you as you realize early and quit the trading; if not that’s how you will continue lost your funds without returning.

[WatChe]

I initially started short term trading and while I did good in the bull market, one bear market was enough to show me where I stand in trading.
Later I started accumulating for long term investment but still had the urge to keep trying short term and so I did and the same thing repeated.
Fortunately, I did not sell my long term holdings and so continued to hold for long term while occasionally doing short term trades.

It's better to figure out whether trading suits your temperament or not and early you get to know about this better it is for you. Like I have to admit that I came to know in my early days of my trading that I can't handle the wild fire of trading and this is the reason I diverted my focus on long term hodling. There are people who have necessary skills to earn profit in trading and they are doing good but its also a reality that majority of people end up losing money in trading because that never understand the risk associated with trading.   

[Yorubek]

Every person trade with their specific plan, some trade with a long-term mentality and some with a short-term mentality. The knowledge or idea I had about trading that encouraged me to trade has been proven wrong over time.
The knowledge or idea I had about trading that encouraged me to trade has been proven wrong over time. To be honest, it is easier than I thought to make money through trading, but in reality, it is much more difficult to survive in the market for a long time. The reason why people can survive for a long time through trading will be financially loss, which will make them quit trading. This is because they start trading with the wrong mentality and make emotional decisions, which increases the risk of losing money many times over. Therefore, it is more effective to trade within your own capabilities by adopting the right knowledge, long-term mentality and awareness of risks. This will protect yourself from big losses.

[LUCKMCFLY]

It's interesting because, basically, in my case it's the opposite. I've been transitioning from long-term to short-term trading, and it's been a bit of a struggle because some fundamental principles apply in the short term that don't, and I've learned a lot in the short term. I imagine the reverse must be the same, but with more anxiety, because you get results in the short term, but not in the long term. I think that shock must be quite intense for the trader who does it. It's important that we, as traders, learn all types of trading, to see what we like best and where we'll gravitate more or feel most comfortable.

[SmartCharpa]

Trading is a way of getting high profits but not that quick and that is what most of the newbie’s don’t understand about the trading, I can say that both the long term trading and short term are risks. But the one that is risk most is the short term trading, and that’s why is only few traders that you can see deal with short term trading, but for those that are new to trading they prefer the long term trade.

I will alway recommend long term trading over a short term trading. Even with right you should know the kind of asset you are putting your money into. Some does not worth the risk with your hard earned money. Chasing a quick profit is not different from gambling, easy to lose money and easy to make money. Whether short term or long term there’s risk involved, but we should go something that will give us more confidence in our future. Short term trading, you will look worried about little change in the market.

Yes the long term Bitcoin investment is more peaceful than trading because in the Bitcoin investments they will be rest of mind you won’t be thinking about the how the market will react. It’s better for you as you realize early and quit the trading; if not that’s how you will continue lost your funds without returning.

However, some people don’t know how it feels to have peace of mind when investing. Trading isn’t as easy as some people think, there’s too much stress. If someone wants to take a risk, they should consider Bitcoin that has been around for many years now, that would give more confidence to hold as many years as you can.

[Tetu100]

I started with long-term trading as I held Bitcoin for years, got profit from it, and I was happy so I decided to try short-term trading, as in my mind, I thought this was an opportunity to make consistent profits, but I was just hyped by what I saw and I realized that short-term trading is not for everyone, especially those who cannot dedicate their time to it, so after failing I went back to long-term trading. I don't feel the stress anymore.

Of a truth short term trading is not really for everyone that is the bitter truth. I have tried it severally and is not working, perhaps I could be doing it wrongly. But what I hate so much is spending money constantly while I have no chance of getting them back. For sometimes now it has been giving me so much concern so I have no option than to switch to long term holding. I beleive that way I'm saved even though it has not been long I kick off. But then again, people that knows their way in it are making cool cash form short term trading.

[The Cryptovator]

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?

For me, I have lost in short-term trading and decided to trade only for a long time and hold. On a couple of shitcoins I have lost a lot, then try to learn how to make trades profitable. So I followed the DCA strategy and held for a longer time, and it seems it does work for me.

I have accumulated some altcoins and a small amount of Bitcoin as well. Still, I am in profit but want to take more profit. In the meantime, I have traded a couple of times with my holdings and made a handsome amount of money. But still my holdings are the same as before. So for me, long-term trades seem to have worked well.

[BitcoinLitingNetwork]

We all know that most investors initially face losses after being lured by the appeal of short term trading those who like you learn from such mistakes are eventually able to adopt the right strategy. While short term trading offers the prospect of quick, substantial profits, entering or exiting at the wrong time carries a high risk of losing one's capital. I also prefer long term trading, as a long term approach allows for more time in the market, which makes the associated risks more manageable.

[Botnake]

It's interesting because, basically, in my case it's the opposite. I've been transitioning from long-term to short-term trading, and it's been a bit of a struggle because some fundamental principles apply in the short term that don't, and I've learned a lot in the short term. I imagine the reverse must be the same, but with more anxiety, because you get results in the short term, but not in the long term. I think that shock must be quite intense for the trader who does it. It's important that we, as traders, learn all types of trading, to see what we like best and where we'll gravitate more or feel most comfortable.

That was also what I thought about short-term trading, that if I profit from long-term trading, then the same thing will happen whenever I decide to trade for short term. Unfortunately, the risk gets higher, the stress gets more intense, and the anxiety gets more often especially if you keep losing from your trades. Now I understand why a lot do not stick with short-term trading, but nevertheless, we should also learn how to trade profitably in both. This is the only way that we can call ourselves a good and competent trader.

[Myleschetty]

I started with short-term trading (mainly day trading and some scalping), and I can relate to a lot of what's being said here based on my experience with trading. Initially, it seemed exciting and I managed to earn a few lucrative profits. However, in the end, it was characterized by stress and inconsistency. There is an excessive amount of liquidations involving emotional choices and constant chart monitoring. The losses started to outweigh the wins after a while, I realized that I was spending way too much time and energy, and I shifted to longer-term trading.

[Awaklara]

That was also what I thought about short-term trading, that if I profit from long-term trading, then the same thing will happen whenever I decide to trade for short term. Unfortunately, the risk gets higher, the stress gets more intense, and the anxiety gets more often especially if you keep losing from your trades. Now I understand why a lot do not stick with short-term trading, but nevertheless, we should also learn how to trade profitably in both. This is the only way that we can call ourselves a good and competent trader.

Basically, everyone who has an interest in something will definitely have a greater desire to learn more and other aspects that are felt to be able to add knowledge. I think it's the same for traders as well. Those who initially trade long-term can switch to short-term trading because they have a personal interest in trying. Some can do both, but there are also those who really look for the most suitable way to trade and try more ways of trading, not just the strategies.

[Webutxo]

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?

The probability of market going long is always higher than it going short. Over time, I have came to understand that crypto market sentiment is stronger than the way it were. It's easy to print money going long than when market is dumping because most of the time, you will know when a coin tend to make a move to the up than down. If you ever see a coin dumping which favour traders that go short, it's always gamble and it's unpredictable.

You can make an accurate call for a coin to go long and it will go as expected than short. In fact, I don't go short on any coin unless I see that coin has been pumped significantly and correction must have been due and even with that sentiments, I still a gamble on trades to go short. I make sure to always find a way to exit them as quick as possible. I can start long in a market for two days max but I'm not sure if I can short a market for 24 hours.

[Fiatless]

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?

The experience some of my friends in Forex trading had made me avoid crypto trading. They lost a huge amount of money even when they had learned about trading. One of them was very skillful, yet he lost. With that mindset, I avoided crypto trading and focused on long-term holding. I am also not comfortable with the high risk that is involved in trading. Keeping Bitcoin for a long time gives me peace of mind. I am not in the category of those who left short trading for the other option.

[cocadalcan]

That was also what I thought about short-term trading, that if I profit from long-term trading, then the same thing will happen whenever I decide to trade for short term. Unfortunately, the risk gets higher, the stress gets more intense, and the anxiety gets more often especially if you keep losing from your trades. Now I understand why a lot do not stick with short-term trading, but nevertheless, we should also learn how to trade profitably in both. This is the only way that we can call ourselves a good and competent trader.

Basically, everyone who has an interest in something will definitely have a greater desire to learn more and other aspects that are felt to be able to add knowledge. I think it's the same for traders as well. Those who initially trade long-term can switch to short-term trading because they have a personal interest in trying. Some can do both, but there are also those who really look for the most suitable way to trade and try more ways of trading, not just the strategies.

Beginner traders who are into long-term trading may not want to get involved with short term trading strategies because they are more risky. The amount of funds you allocate for trading will be more risky in the short term plan. You can accept long term trading conditionally but no matter how you plan, there is a high chance of loss in trading and most traders do not get back their capital. You can use any strategy in trading but the aim is to make money in the short term and the aim will not be successful most of the time because most traders make strategic mistakes while entering and exiting the market. I prefer long term Bitcoin investment.

[Itz-prisigold]

The experience some of my friends in Forex trading had made me avoid crypto trading. They lost a huge amount of money even when they had learned about trading. One of them was very skillful, yet he lost. With that mindset, I avoided crypto trading and focused on long-term holding. I am also not comfortable with the high risk that is involved in trading. Keeping Bitcoin for a long time gives me peace of mind. I am not in the category of those who left short trading for the other option.

I totally relate to what you’re saying. When I got to know about Bitcoin, I never really thought about beginning my crypto journey in trading, because I had seen friends lose so much money doing that. I just don't like anything that will make me panic or under pressure all the time when it has to do with money.

There's a lot of emotional stress attached to trading and I don't think trading is for everybody. I prefer holding my Bitcoin for long term and gradually accumulate with what I can afford to leave untouched, rather than going through that kind of stress. I’m not saying that holding for long term automatically means there’s no more risks,  but that is a more comfortable approach without needing to always watch the price movement.

[Cgrexp]

That was also what I thought about short-term trading, that if I profit from long-term trading, then the same thing will happen whenever I decide to trade for short term. Unfortunately, the risk gets higher, the stress gets more intense, and the anxiety gets more often especially if you keep losing from your trades. Now I understand why a lot do not stick with short-term trading, but nevertheless, we should also learn how to trade profitably in both. This is the only way that we can call ourselves a good and competent trader.

Basically, everyone who has an interest in something will definitely have a greater desire to learn more and other aspects that are felt to be able to add knowledge. I think it's the same for traders as well. Those who initially trade long-term can switch to short-term trading because they have a personal interest in trying. Some can do both, but there are also those who really look for the most suitable way to trade and try more ways of trading, not just the strategies.

Beginner traders who are into long-term trading may not want to get involved with short term trading strategies because they are more risky. The amount of funds you allocate for trading will be more risky in the short term plan. You can accept long term trading conditionally but no matter how you plan, there is a high chance of loss in trading and most traders do not get back their capital. You can use any strategy in trading but the aim is to make money in the short term and the aim will not be successful most of the time because most traders make strategic mistakes while entering and exiting the market. I prefer long term Bitcoin investment.

No matter how long or short the trading period is. it is never possible to completely avoid risk. Even if you hold a trade for a long time adverse market conditions and unplanned decisions can lead to large losses. Without sufficient experience and knowledge of risk management it becomes difficult to protect capital in trading. The biggest problem for new traders is that they enter with the expectation of making quick profits. Some want to make good income in a few days. Some start trading by watching the success of others. To create a profitable trading strategy you have to spend a long time on market analysis and risk management. You cannot become a successful trader just by being able to predict the direction of the market. For those who have some surplus money from their regular income and those who want to build wealth over a few years, collecting Bitcoin in a planned manner through the DCA method can be a relatively easy and realistic method. Everyone should choose a strategy considering their own goals and financial situation. It is necessary to understand the risks and reality. Not just the expectation of income.

[Finebone]

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?

Everybody have their own different experiences while trading, but the only thing I think we all have in common is constant losing in trading.

I have been a trader for a very long time now, even until today, but I do not trade consistently as I used to do in the past because it can be very stressful and less productive like buying and holding that is easier and more productive than trading. It's because of the fact that it's full of ups and down these days, that why I pay more attention to investment than trading the market that is full of disappointment and mental stress.

[Z_MBFM]

When I started trading, I used to do short term trading. And a friend of mine gave me the idea of ​​futures trading and there I could dream of making big profits in a short time due to which I lost a lot of money there. I learned new things from every loss and later I realized that nothing good can be gained from a short time. Then I gradually gave up trading and started focusing on long term holding. To tell the truth, now I don't do any trading but rather invest in some potential coins including Bitcoin and hold them until I get my targeted profit. As such, I consider myself a holder.