Day trading or Long term
Day trading or Long term
I have been trying to wrap my head around which is a better choice, 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
Day trading and holding long term have some similarities, but differ quite a bit too. Both involve risks and needing self-control and smart choices to hopefully make some profit, just in different ways.
With day trading, you’re watching prices a lot trying to catch small ups and downs to make quick profits. It’s a ton of work staring at charts, takes skill to do well, and can stress people out.
Holding is more hands-off, waiting for bigger price jumps over months or years and so it takes patience rather than effort. The gains come slower but you avoid constantly monitoring markets and charts.
I’d say they appeal to different personality types. Day trading is for go-getter number crunchers glued to their screens. Holding works better for laidback investors playing the long game. But both can be solid ways to generate profit.