Long term trading has always been a preferred choice for me, because I know the risks involved in day trading and how it has affected many lives who engaged in it.Day trading is something we wish to comprehend and know the strategies to use in tackling it,but if you want to make profit,the best option to me is holding it for a long term,and making sure the investment done is on a profitable and promising coin, because there are coins that will just stall without it bringing out a good result.
Therefore,holding is the best to me,and it is only long term holding I can endulge in.
Take profit with daily trading must be braveness with getting risk and have cut loss, many trader always put cut loss feature after success purchasing their potential coins and set up the profitable reach or bad possibility when price dropping by stop loss feature.
But have some trader change their trading term from long term to be short term after their coins purchasing get drop drastically and scare to cut loss regarding keep believe with recovery back to higher price.
In trading, I prefer with short term but when difficult price recovery after going down will wait and make my trading as long term until price recovery back to the higher. I think every trader have their own strategies with trading how to manage well as short term or long term trading behind the market situation must take profit in short term or long term.