Quote from: Bushdark on Today at 10:57:57 AM

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

Quote from: Cadaver20 on May 29, 2024, 08:40:30 PM

I prefer long term trading more than day trading. Because day trading is risky. If your analysis is wrong, you will lose a lot. And if you buy top coins and hold long term during the bear market, the chances of profit are very high. But for that you need to have extra assets that you can keep long term.

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.

I don't think any of us here are ready to trade for a long time. This kind of trading is known as institutional trading and it mostly takes up to 6 months in trade. This kind of trade is mostly done by big companies and firms that have the tools and the fund to in the market for a very long time. This kind of trade is not exhibited by an individual nor small companies that might not have the necessary tools or skill to trade for such a very long time. We can always make huge amount of money from this kind of trade.

Most of the time yes,it's an strategy for big companies who got that resources to stay focus in holding their assets till it brings the result that they are aiming, like what you mentioned small traders will be on a difficult situation especially when the market start to dumped down and reached the very bottom it can burned all their investments and with the emotions which always been the big factor when trading it surely change the directions of anybody who are seeing their money being sucked by the market.

Chances to sell and quit is more likely may happen and it's really hard to fought against your own emotions.