Quote from: Albarq on Today at 06:06:26 AM

Quote from: OrangeII on May 30, 2024, 07:54:59 AM

Well, I also tend to trade long term rather than daily. However, the impression of daily trading is that it is too pushy and has a profit level that is not optimal. However, there are many advantages to long-term trading, such as you can hold while adding to the asset little by little, or use the DCA method. This will result in a high increase in profits when the price rises. I have proven it several times.

Basically both options are very good because they both require capital, what you need to think about is the need for experience in the field of daily trading or long-term trading because there must be basic knowledge about it, with this knowledge it will be easier to reach the goal point and always be successful even though there are many risks that we will go through.

Long-term holding doesn't require any skills or strategy regarding the trading aspect, all it needs the basic knowledge of the potential value of the asset and how to keep it safe from scammers and hackers better to just not do anything at all once you buy it for a while. Day trading is indeed more profitable in theory however making the consistent profits all day long consistently is not possible and it's like you win every bet you make or one lost bet can consume your capital that is what same applies to day trading as well.