Quote from: Rabata on Today at 01:04:24 PM

Quote from: sulendra12 on August 18, 2024, 10:50:36 PM

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

Which do you prefer and think is better

For me personally with the real life workload, for most of the case I don't have time to do day trading where you constantly need to check the chart of your assets regularly to make sure everything is under control. With that hassle, doing long-term trading and in my case DCA is the best and comfortable strategy for me because it requires little to no effort to check and you can forget it for few years and grab more if necessary.

Day trading is definitely not suitable for those who are short on time or don't have time to do proper market research. To profit from day trading, a trader must have knowledge of various disciplines. Also, he should always keep an eye on the market condition. Trading is not suitable for those who will not be able to perform such tasks. While day trading is convenient for many who are free, those who are busy with other activities will be encouraged to hold instead of day trading. An investor can hold without any pressure. Moreover, if you hold for a long time, there is a possibility of getting more returns, but it is not possible for a day trader to get such returns. For those who don't have enough time, holding may be a better strategy than trading.

100% agree. As a day trader myself, it requires an understanding of many different facets of market structure along with understanding how and when to use a variety of indicators. It is very time intensive as you are constantly checking charts and different time frames. It also requires you to prepare and update your chart drawings often. Sounds like holding is the best option for op. Even swing trading requires a decent amount of time and thought.