Quote from: shawonngp on September 24, 2024, 05:28:46 PM

Quote from: $crypto$ on September 18, 2024, 05:15:50 PM

Quote from: GeorgeJohn on September 18, 2024, 08:58:39 AM

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.

To keep consistency in profits it's very difficult, i think it's impossible to even for an experienced trader, in the crypto trading risks is higher than profits, who peoples ignore the risk they will definitely lose all of their initial investment, and such mistakes come from beginners, they thinking there are no loss in trading.

The right money and risk management are key here, if this could be calculated well and used with a good trading system and plan, I see no reason why making consistent profits in the market would be difficult. Also, a trader's psychology matters a lot because it's a thing to plan to trade in a way but it's another to adhere to it. Most traders are not just psychologically stable and would always be style-drifting which is not good in the world of trading. The best traders would stick to what they know and if they've not gotten the right system, they should rather continue training and never call themselves a trader until all is sorted out.