Post
Topic
Board Trading Discussion
Re: Is the day trading profitable ?
by
prtty2gal2
on 06/06/2019, 09:39:09 UTC
Long term investing is more profitable and less time consuming. Day trading has its fanatics but most people fail at it. You really won't find many rich day traders. It's a good way to start off when you're trading small and when people build a portfolio they usually leave day trading and switch to swing trading,
Who would risk heavy investment in day trading when there is no guarantee that the day will come with its increase. Many people you see day trading are just looking for additional top up that they can use to meet some of their minor expenses, but real investment are usually for long term trading, and even in talking of long term trading, I simply just hold the coin by buying at dip without any form of leverage, and then sell at high anytime I feel I am satisfied with the increase.

With long-term trade, you will have more chance to study all the necessary analysis that is required to decide when to exit the trade in the long run.