From short term trader to a long term trader?

[Audrey Simmons]

Or you later quit trading as you are losing?

It didn't happen to me. I have a friend so interested in short-term trading, he was a day trader, and he trades a minimum of three to four times a week. I don't know if he changed to holding, but i don't see him trading daily anymore, his abstinence tells me what went wrong and why he stopped, making profits from short-term trading is not a solution for profits in the long run.

[Sanitough]

I trade both long term and short term. And somehow I still make profits despite of the risk. But these past few days, I find short-term trading less profitable because I no longer have too much time to focus in the market and check whether my coins are good to trade for short term or not.

Instead, I go for long term trading and trade only when there are possible profits favorable for me, and stop short term trading for now because it will only make me lose a huge amount if I forced myself into something which I am still incapable to.

[Oshosondy]

It didn't happen to me. I have a friend so interested in short-term trading, he was a day trader, and he trades a minimum of three to four times a week. I don't know if he changed to holding, but i don't see him trading daily anymore, his abstinence tells me what went wrong and why he stopped, making profits from short-term trading is not a solution for profits in the long run.

He is still better if he is only opening 4 positions or making just 4 trades weekly, that is the amount some day traders open daily, while scalpers can open 4 trades in just an hour.

Yes, trading is very risky because he might be making money, but after several days, he might lost the money and that would have really discouraged him not to day trade anymore.

[perfect999]

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.

Short term trading is not like intraday trading so you have better chances to be profitable even with short term trading but there are possibilities like you enter at the peak and never got chances to exit in profit and got stuck in losses even within a week of holding. Yeah, everything is possible in trading and all depends on where you enter.

It was unprofitable and you moved to long term trading which were profitable for you?

Simple strategy must be converting short term trading into long term when you are confident about recovery and able to hold without need of any additional margin.

It means that traders do switch over to long and short term trading plans depends on market volatility, again where you enter is the key here which decides your holding period.

[Out of mind]

When I first started trading, I did it for a short period of time and took my profits in a short time. But when the market situation worsened during trading and I faced losses, then short-term trading was no longer there. Rather, it became long-term and when the market increased, I would sell and take a part of the profit. However, I think that if you trade for a short period of time, you cannot be greedy at all, if you are greedy too much, you have to face more losses. However, if you trade for a long period of time, it is profitable, but it must be in good coins such as reliable coins like Bitcoin, Ethereum. I think that if you deposit money in Bitcoin for a long time, it increases the chances of being profitable in the future. And although trading for a short period of time makes a few profits, then most of the time you have to face losses, so I quit trading.

[TheUltraElite]

It didn't happen to me. I have a friend so interested in short-term trading, he was a day trader, and he trades a minimum of three to four times a week. I don't know if he changed to holding, but i don't see him trading daily anymore, his abstinence tells me what went wrong and why he stopped, making profits from short-term trading is not a solution for profits in the long run.

Short term trading is rarely profitable and most people lose more than they actually make. Anybody who stops short trading and moves to long term trading are taking the correct step in controlling their emotions and their money.

Because short term trading is mostly ending up in a loss for majority of the people. Long term needs patience which they again lack and hence they will not try or attempt to sustain for long.

Because long term holding or buying at very low and then selling at high needs effort and is not a "get-rich-quick" game, people avoid it.

[Emeraldo]

When I first started trading, I did it for a short period of time and took my profits in a short time. But when the market situation worsened during trading and I faced losses, then short-term trading was no longer there. Rather, it became long-term and when the market increased, I would sell and take a part of the profit. However, I think that if you trade for a short period of time, you cannot be greedy at all, if you are greedy too much, you have to face more losses. However, if you trade for a long period of time, it is profitable, but it must be in good coins such as reliable coins like Bitcoin, Ethereum. I think that if you deposit money in Bitcoin for a long time, it increases the chances of being profitable in the future. And although trading for a short period of time makes a few profits, then most of the time you have to face losses, so I quit trading.

There are traders that are trading memecoins and they are profitable and this does not involve whether you are trading for a short term or long term. When you know what you are doing and the market is not too rough, you can make money and the amount you are going to make depends on your strategy and the amount you are using to trade. There are so many traders that are losing money because of greed. Instead of leaving the market as soon as possible, they will be busy checking for how to multiply their bankroll.

[puloweh555]

I used to be a short term trader, but now I've switched to long term investing because it makes me feel more comfortable. And I think the change I made from short-term trading to long term investing is a really good move. Because my experience with short-term trading involved constant liquidations, selling too early due to FUD and I also had a hard time controlling my emotions from constantly monitoring prices, which often ended up being a trap for me.

By switching, I not only reduce technical difficulties but I can also protect my mental health from the stress of constant market volatility. Besides that, I’ve now found better comfort in focusing on long term investments with a DCA strategy, in assets with solid fundamentals in this case Bitcoin, because it also helps me avoid the temptation to check prices too often. Basically, I keep learning self discipline which I continue to practice because long-term results are usually much more stable and profitable compared to trading under constant pressure.

[Silikiem]

My experiences with chasing short term returns in bitcoin have not really been good, to say the least it hasn’t favored me and I ended up losing instead of profiting. I later come to realize that I was not being patient enough and the reason was quite simple because I was putting greed into it and was using cash that I couldn’t afford to let go for a much larger time into trading. If there is one thing that has become helpful to me now is patience and knowing my level of risk tolerance whereby I have to put money I can be patience with for long enough until I hit my target before trading.

[knuckey]

I have done both and both have not given any profit, short term trading has caused me a lot of losses, so I am currently evaluating long term trading, the losses caused are not that much and it is not troublesome because I only make 1-2 transactions in one month, I am not completely smart in trading, I am still in the learning stage

[Zoomic]

I have done both and both have not given any profit, short term trading has caused me a lot of losses, so I am currently evaluating long term trading, the losses caused are not that much and it is not troublesome because I only make 1-2 transactions in one month, I am not completely smart in trading, I am still in the learning stage

One thing about short-term trading is those who are successful in it will make you want to question your decision to stick to long-term especially if they're close to you. But behind the profits you see are a countless hours of screen fatigue and the psychological weight of a single bad wick wiping out weeks of gains.

Since you're not too experienced, it's a good thing that you decided to stick to that which you understand.

[stepwilli]

Generally, the long-form you are referring to is called investing, not trading, because trading is when you make short-term trades to make small amounts of profits from them, and when you start buying and holding or doing long-term trading, that falls under investments.

In my case, even though I have never been a regular trader, but I used to make some trades every now and then, and I still do, but I'm more into investments because it doesn't require me to spend a lot of time watching the market or doing analysis and stuff, so I prefer making investments but I do make trades sometimes.

Talking about profitability, I would say I have not really made much profit from trading, or maybe I'm overall at a loss if I look at the total record of profits and losses, so I guess short-term trading hasn't really been the thing for me or it hasn't been very giving to me, but I still try and make some trades sometimes, not because I want to make a lot of money, but sometimes I feel the market shows patterns and gives opportunities that we should use.

[Solokan]

I'm someone who enjoys short-term trading and then switches to long-term trading because I enjoy trading BTC. So, if I buy BTC and the price suddenly drops, I won't sell my BTC at a loss. I'll just wait until BTC experiences a significant increase. I'll definitely sell it when the price is high. That's why I dare say I'm the type of person who can transition from short-term trading to long-term trading.
However, when it comes to altcoins, I don't dare to trade short-term and then switch to long-term trading because altcoins are different from Bitcoin.

Short-term trading is profitable for me, but I've certainly had losses in the past, but I don't give up and learn from my mistakes to avoid repeating them.

[Shinpako09]

I trade both long term and short term. And somehow I still make profits despite of the risk. But these past few days, I find short-term trading less profitable because I no longer have too much time to focus in the market and check whether my coins are good to trade for short term or not.

Instead, I go for long term trading and trade only when there are possible profits favorable for me, and stop short term trading for now because it will only make me lose a huge amount if I forced myself into something which I am still incapable to.

It only shows you have good discipline in trading and have developed it to the extent of not doing rushed trades if the information or analysis is lacking.

Never force a trade for the sake of chasing profits, because even if you manage to hit some, the long-term effect of it is unfavorable to you. Once you get used to it, it will become the system you will follow for most of the time. That is similar to gambling if you do that. You are mostly depending on luck and not on your skills, analysis, data, etc.

[Charles-Tim]

I'm someone who enjoys short-term trading and then switches to long-term trading because I enjoy trading BTC. So, if I buy BTC and the price suddenly drops, I won't sell my BTC at a loss. I'll just wait until BTC experiences a significant increase. I'll definitely sell it when the price is high.

Short term trading can be profitable, but it can not be everyday profit, while some people prefer to wait when they are losing, they will see it as unrealized loss and wait. These kind of people know what emotions are and do their best to avoid it by trading with small amount of money which will not let them become emotional and they trade good coins like bitcoin.  These are what most traders do not know. Some traders know it, but they are greedy.

[Makus]

I have never been a short term trader and the reason for that is because a lot of people I have seen going into it not being able to achieve significant results from it and it's quite sad. As a long term trader the first thing you must do is to make sure that you have a trading plan, this is what is going to keep you focused on what you planned on achieving. One thing that makes a trader different from gamblers is the fact that they always have a direction that they are working towards.

[Pandorak]

I have never been a short term trader and the reason for that is because a lot of people I have seen going into it not being able to achieve significant results from it and it's quite sad. As a long term trader the first thing you must do is to make sure that you have a trading plan, this is what is going to keep you focused on what you planned on achieving. One thing that makes a trader different from gamblers is the fact that they always have a direction that they are working towards.

Essentially, being a short term trader is indeed tempting and it’s no wonder so many people prefer this approach over focusing on the long term or building an investment portfolio. It’s all because of the profits that can be made quickly, in fact, it’s not uncommon for a short term trader to generate substantial profits. However, achieving consistency is extremely difficult, if not nearly impossible, due to the very high level of difficulty involved. It requires not only capital and a trading strategy but also a significant amount of time and strong mental resilience to constantly monitor highly volatile charts. I never recommend short term trading to beginners.