Day Trading Versus Long Term Trade Which Has More Advantage?

[PRIBO247]

Day trading involves doing trades in the short term, e.g seconds or minutes and takes advantage of short term fluctuation in price while long trade traders engage in trades that stay open for months or even years. Both are good but as a crypto trader, which do you prefer?

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[laughingburger]

Day trading involves doing trades in the short term, e.g seconds or minutes and takes advantage of short term fluctuation in price while long trade traders engage in trades that stay open for months or even years. Both are good but as a crypto trader, which do you prefer?

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I prefer to hold long term for crypto. You need a huge amount of time to do day trading, normally if crypto is an extra income and not the main career you will not have the time.

[PRIBO247]

Day trading involves doing trades in the short term, e.g seconds or minutes and takes advantage of short term fluctuation in price while long trade traders engage in trades that stay open for months or even years. Both are good but as a crypto trader, which do you prefer?

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I prefer to hold long term for crypto. You need a huge amount of time to do day trading, normally if crypto is an extra income and not the main career you will not have the time.

This your point is true but don't you think to be a successful long term trader, you will need much capital? Without this, I don't see you realizing good profit in long term trade.

[Nate11]

Long term  hold is the best in so situation while trading makes sense in some certain settings.
So it all depends on what you want and your goal

[HanZo04]

It seems that you will get a different answer because they choose what they usually do, which is a short term or a long period of time, but actually these two methods can produce large profits if we always trade with consideration and analysis.