Post
Topic
Board Trading Discussion
Re: Day trading or Long term
by
Franctoshi
on 16/06/2024, 21:50:05 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

From the general point of view, long term trading is more profitable and less stressful because one trade can run for week and couple of weeks before it will actually hits target, whereas in day profit target is usually within that day and you have to analyze the market each an every day you trade,  to me I'm a day trader and my reason I'm not this patient to wait on trade runs for weeks ,before most of the market usually cone back and take me out.