Post
Topic
Board Trading Discussion
Re: Day trading or Long term
by
tottong
on 03/10/2024, 01:30:29 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

It depends on each person because for those who do not understand trading will try to buy for the long term.
But you have to differentiate holding from day trading because both have their differences.
Day trading is a bit harder because one needs to understand technique, risk management and discipline when making decisions and there may be many other things to consider.
Trading is a bit more complicated to execute when one does not have good skills.

It is subjective between the two when viewed from different abilities because not everyone has the ability to execute trading and vice versa people understand investing better.