I think both have merit honestly, long term trade things you actually believe in. Buy low, sell high, that still applies here of course, but holding onto it a lot longer can generate quite a bit of profit. Day trading you can basically buy any shitcoin that is down and sell it when it goes up 10% or 20% if you're lucky. This happens pretty much constantly and the only limit to how much money you can make doing it is yourself. Always diversify though, getting everything stuck in a position will cost you tons of money when you aren't able to use your money.