Post
Topic
Board Trading Discussion
Re: Day trading or Long term
by
$crypto$
on 18/09/2024, 17:15:50 UTC
Day trading is like some who needed a instant profit, and what someone who ventures into day trading does is to make a quick profit and go out from the market, why long-term trading is determined by the future you in a particular coin you want to invest, most of the people that venture into day trading always have the vision of making small profits why people who invest for long-term kind of investment is expecting a large profits, this two trading methods you mentioned you most have objectives that's you to choose one, but newbie doesn't know why they chose a day trading or neither long-term trading
Someone thinks they want to get quick profits, even though it is small but if it is achieved consistently then it will also grow bigger, but people forget that it does not always work, because in trading there can be profits and losses. Indeed, quick profits will be more tempting, because profits can be enjoyed at the same time, but the problem is that it is not easy.

Consistency in getting profits is the key, but back to the beginning because it is not easy then it will make people frustrated. Some people ignore the risk, they focus too much on the profit which ultimately makes many people fail in trading.