Quote from: Franctoshi on July 31, 2024, 10:46:47 PM

Quote from: casey15 on February 09, 2024, 11:50:23 AM

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 that 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 than 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.

Indeed, everything will depends from how you exceed with the system that you are following, either long or short the matter is how you are working with your strategy and how that strategy works with the results of your position.

Not everyone are similar with how they assess their investment some are good with day trade and have that good outcome taking decent amount of profits, while some are not a fan of quick position but instead they would love to maximize their profits and wait for the market to pump high and take advantage of the bull season.

Whatever your style what matters is the outcome and how you'll with your knowledge to make things profitable for you.