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
What is a day trading
Day trading is an act of capitalizing on short term change in price for potential gain. This is usually carry out on 1hr, 30m -15m timeframe.
There is a lot of benefit that comes with been a day trader some of them are the ability to leverage on small price movements for huge profit. Secondly potential for quick money gain thirdly day trader took more advantage of the quick liquidity and volatility that pumps into the market and fourthly no overnight risk every trade is close within a day so your psychology is not disturbed you have a nice nightmares