Post
Topic
Board Trading Discussion
Re: Day trading or Long term
by
Franctoshi
on 31/07/2024, 22:46:47 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

In as much as long term trading or otherwise can be called swing trading is known to be more profitable and better to trade, however tjat doesn't guarantee you success but rather your results also relies on what you are good with, if you can become a more profitable trader being a short term trader or in other terms called day traders then good for you,  everyone can’t do same thing or become a swing trader but a matter of what suits your personality in trading and what best works for you