Day trading or Long term
Day trading or Long term
So I have been trying to wrap my head around which is a better option, 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
Which is ‘better’ is totally subjective. It’s like asking if it’s better to be an engineer or a dentist — it totally depends on you.
Personally though, I prefer long-term simply because staring at charts all day is really not for me. I’d rather do heavy research and make big decisions then let the investment sit for a while, while I look for other sources of income so I have more money to invest.