Post
Topic
Board Trading Discussion
Re: Day trading or Long term
by
BABY SHOES
on 24/07/2024, 15:55:44 UTC
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.
Depending on which skills they master from day trading or long term, perhaps in this conversation is it spot or futures trading?

If it is futures then it will have a higher risk than spot trading but risk is always there in trading so a trader must be able to master what can be generated including profit in taking it.

Day trading will certainly always monitor the market and this of course can drain energy from the mind, if not able to do it better long term will be better.
The truth is that people always have their own way of trading, sometimes when they see a daily opportunity they can do it.