Ninjastic
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Topic
Board Trading Discussion
Re: Long Term VS Daily Trading
by
doomloop
on 29/12/2019, 16:25:57 UTC
Quote from: Faxmate on December 26, 2019, 08:16:13 PM
Quote from: huige007 on December 24, 2019, 03:54:55 PM
Quote from: pragna on December 22, 2019, 04:26:11 AM
Quote from: Jellachrist on October 30, 2019, 12:15:20 AM
Hello everyone, I was introduced to this forum by a friend who advice me to be marketing IEO/ICO companies but I see trading as the only thing I picked interest and willing to spend time here to learn. As a result of this I have dedicated 5 - hours daily to learn about crypto tradibg here in the forum since my research only keep me discouraged and scared due to their negative emphasis. I will like to know the difference between shot term and long term trading and the one that is much profitable. Also the different risk involved in both.

Best Regards

CHRIS

If you have enough money you can go into long term investment. For this reason i think you can choose 3/4 coins from CMC top 10. But for daily trading you have to keep your eyes into market every moment. Primarily you have to target 5/6 altcoins for day trading and follow them atleast 7-15 days and also follow their roadmap and then reach your goal. I think you will be benefited.
Both type of investments i.e. long term and short term have their own requirements and perks. Short term or day trading is something that is considered hectic by most of the traders as you mentioned; we have to keep track of altcoins all the time for at least 2 weeks consecutively in order not to miss any chance of making profits. Long term is damn easy because there you can leave coins for months.
It is usually difficult to give verdict that which type of trading is the best one because both types have long number of supporters and there is a large portion of traders who are involved in both types of trading at the same time. So this true to say that both have their own charms and we cannot give one type edge over to another. But I like long term because I don’t have to work hard here.
Probably this is why people are really into long term trading especially the ones who have days jobs because here we don’t have to put as much efforts as we are required to do in short term or day trading. I am myself involved in long term trading with ethereum and bitcoin. I don’t rely on any other altcoin because usually they turn out to be scams. Day trading is full of risks for me.