Post
Topic
Board Trading Discussion
Re: Day trading or Long term
by
merekamo
on 13/02/2024, 07:19:12 UTC
So I have been trying to wrap my head around which is a better option, day trading crypto or buying for long term keep.
While they both have their pros and cons, they both come with a form of risk and they are meant to generate profit.
The major difference between them is that day trading tend to make profit from small market volatility, while hodling make profit from the bigger change in crypto value.
  Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better

For now I choose trading per day. Because for day trading, it's like jumping right into the fast-moving currents of the market, taking advantage of the fact that crypto is very unpredictable. So, you right, it does take more skills, focus, and making choices. For me, there is no problem making a small profit and buying again at a low price and doing it repeatedly
And, of course, for earn short profit or making money from small changes in the market, I think you have to be stay screen almost all the time, though, to keep an eye on market trends. Also, don't forget that it can be very difficul