Quote from: Gaza13 on July 05, 2024, 06:06:29 PM

Quote from: Dakcrypto on July 03, 2024, 06:35:27 PM

I prefer day trading to long term trading.

if I'm to trade for long term it's better just to hold than trade but when it comes to trading, the day trading is absolutely the best amongst because it gives you the ability to think and make better decisions and confidence in your decisions.

It seems difficult to say that daily trading can be said to be the best, in fact this trading has a much greater risk of losing your money than spot.

You have a good concern, daily trading can't be the best overall and I like not to call long-term trading the best either. My reason is that some people may prefer and do well with daily trading, and of course, it's the kind of trading that gives more money to those who are successful in trading it. However, the stress of trading it is higher and the risk could be higher as well depending on the trader and his plan for the money and risk management. But long-term trading is less stressful and the risk may be better depending on the handling.

This is why I often advise traders to try the two and decide on what is best for them, and this should be personal because, just like any other thing, there will be a fan of this and a fan of the other. For me, I do both with no regrets as daily trading may bless me significantly in a short time at times, while the long-term strategy gives me the rest of my mind to do other activities.