Quote from: DiMarxist on July 04, 2024, 08:49:45 PM

I wanted to attend for extra moral classes for day trading but the instructor who happened to be my friend told me that I should not go for full time trading but I can only trade once a while to have fun because trading can make someone to lose enough funds so I left trading for investment but only trade to have fun.
Yes we all agree that the both are for profit making buy investment is much more better than trading because in trading you can lose your money just a few seconds but you can lose your investment in few seconds but hours or days and even at that, you won't lose them if your are for long term investor. Therefore I like investment to trading.

Even though he is your friend and wants to help you in your trading journey, I don’t think you should trade for fun when something like this is not that serious in my opinion. But trade to make money, but the thing is, don’t be greedy in trading. Make sure you learn before you start trading. That is the best thing you should do. He is your friend and won’t cheat you but rather help you make things possible in the crypto space. However, both things you guys want to do have a degree of risk attached to them, so the best thing is to put in the amount you can afford to lose.

Quote from: BABY SHOES on Today at 03:55:44 PM

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.

Exactly. Trading is very risky, and day trading is the riskier in my view, so the best thing is the knowledge. Once a trader has knowledge of what he or she is doing, he or she will definitely make money out of the market. Even though I know the success will not be anytime as far as trading is concerned, the risk and loss will be minimal. Also, you are right that everybody has their own way of trading. Every trader has their own way of determining how the market favours them, and they have their own rules and strategies they use in trading.