Quote from: Slow death on October 08, 2024, 07:57:28 PM

Most people are not realistic when it comes to day trading. They cannot admit that making money with day trading is almost the same as talking about an impossible mission, especially in the cryptocurrency market. A person can spend many hours looking at the chart to find a buying opportunity and after buying the price drops and this person is left with a loss because he sells and at the end of the month this person accumulates a lot of losses, while the person who makes long-term investments ends up making a lot of profit. In my opinion, it is not worth doing day trading. I always advise people to focus on making long-term investments and never do day trading.

In this case, the difference between these two traders is that one fixes his loss, and the other also has a loss, but he does not fix it. And if the first trader does not use leverage, then he may also not fix his loss and in this case moves from day trading to long-term trading.